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05/20 17:43 EST - http://feeds.benzinga.com
NVIDIA Q1 Earnings Preview: Analysts Anticipate Strong Results, Top AI Stock — 'Best Secular Idea In All Of Technology'
Semiconductor giant NVIDIA Corporation NVDA will report first-quarter financial results after market close Wednesday. Here are the earnings estimates, what analysts are saying and key items to watch. Earnings Estimates: Analysts expect Nvidia to report first-quarter revenue of $24.60 billion, according to data from Benzinga Pro. The company reported first-quarter revenue of $7.19 billion in the previous fiscal year. Nvidia has beaten analysts' revenue estimates in six straight quarters and nine of the last 10 quarters. Analysts expect Nvidia to report earnings per share of $5.58 in the first quarter, compared to earnings per share of $1.09 in last year's first quarter. The company has beaten analysts' earnings per share estimates in five straight quarters and eight of the last 10 quarters. Guidance from Nvidia calls for first quarter revenue to be $24.0 billion, plus or minus 2%. Related Link: Nvidia Is Still ‘Stepping On The AI Accelerator’: 7 Analysts Size Up Q4 Results, Supply And Demand Dynamics What Analysts Are Saying: While Nvidia is likely to report strong year-over-year growth, analysts see potential volatility ahead of the Blackwell transition. Bank of America analyst Vivek Arya, who has a Buy rating and $1,100 price target, expects a beat and raise from Nvidia despite the volatility. The analyst said expectations for Nvidia are $26 billion based on speaking with investors ahead of the quarterly report. "Even if NVDA were to potentially deliver on these bullish expectations, the stock could still react unfavorably," Arya said. The analyst said slowing demand, lower quarter-over-quarter growth and pricing pressure could be factors that bears are watching. "On the other hand a favorable scenario could be perhaps NVDA reporting only modest FQ1 beat, but then guiding FQ2 up 10%+, while retaining favorable 76-77% GM (gross margins) as Blackwell ramp comes later in the year while Hopper cost structure remains favorable." Stifel analyst Ruben Roy is expecting another strong quarter and outlook from Nvidia. The analyst, who has a Buy rating, raised the price target from $910 to $1,085. "Once again, a beat/raise is widely anticipated with investor focus likely to remain on medium-term sustainability of accelerating AI infrastructure investment," Roy said. The analyst said supply chain checks indicate robust demand for existing Nvidia products ahead of the Blackwell launch. "NVDA remains our top pick relative to the AI infrastructure investment theme." The analyst said strength in the Data Center segment will drive "significant year-over-year growth" in coming quarters, leading to estimate increases. "The scaling of recent large-scale models coupled with NVDA's Blackwell ramp in 2025 suggests to us that we are likely to see meaningful growth well into next year." The analyst estimates Nvidia’s total addressable market to reach $100 billion by 2025, potentially growing to $1 trillion in the future. A beat and raise from Nvidia is also anticipated by Rosenblatt analyst Hans Mosesmann. The analyst, who has a Buy rating and $1,400 price target, said the beat and raise might be lower than the previous quarter due to supply shortages. "We do not subscribe to the air-pocket theory in the Hopper to Blackwell transition for the July quarter guide as the transition to B100 is scheduled for later in 2024," Mosesmann said. The analyst said Nvidia could maintain or increase its market share due to its platform and software stack. "We also anticipate that Blackwell will be completely sold out, at least for a year." Mosesmann said shares of Nvidia could be volatile ahead of and after the first-quarter earnings report. "We expect volatility into this week's print but are nonetheless positively biased on a story that is increasingly resonating with the best secular idea in all of technology." Here are other analyst ratings and price targets for Nvidia in the month of May. Barclays: Overweight rating, raised price target from $850 to $1,100 Susquehanna: Positive rating, raised price target from $910 to $1,085 Baird: Outperform rating, raised price target from $1,050 to $1,200 Oppenheimer: Outperform rating, $1,100 price target Wedbush: Outperform rating, $1,000 price target Wells Fargo: Overweight rating, raised price target from $970 to $1,150 Jefferies: Buy rating, raised price target from $780 to $1,200 HSBC: Buy rating, raised price target from $1,050 to $1,350 Goldman Sachs: Buy rating, raised price target from $1,000 to $1,100 NVDA Price Action: Nvidia shares trade at $947.80 versus a 52-week trading range of $298.06 to $974.00. Nvidia stock is up 91% year-to-date in 2024 and up over 210% in the last year.

05/20 16:51 EST - http://feeds.benzinga.com
AI-Driven Rally Set To Expand To Power, Commodities, Utilities: 'It's Not Just About Nvidia Anymore'
Nvidia Corp. NVDA is in the spotlight this week as it prepares to report its first-quarter 2024 earnings on Wednesday. This announcement marks the first anniversary of its remarkable first-quarter 2023 earnings, which ignited an AI-driven rally in the chipmaker industry. The consensus among Wall Street analysts predicts Nvidia to report an earnings per share (EPS) of $5.60, more than five times the EPS from the same quarter last year. Revenue projections are similarly optimistic, with expectations set at $24.59 billion, over three times the revenue in Q1 2023. As Bank of America noted in a recent note, since the ‘blowout’ Q1 2023, Nvidia’s market capitalization has surged by $1.5 trillion. The company’s last twelve months (LTM) EPS has skyrocketed by 617% year-over-year, and mentions of AI during corporate earnings calls have increased by 186%. Yet, the AI-driven gains initiated by Nvidia are now expected to extend beyond the chipmaking sector to encompass power, commodities, and utilities, according to Bank of America’s analysts. ‘It’s not just about Nvidia anymore,’ Ohsung Kwon, CFA, equity and quant strategist at Bank of America, stated. Nvidia has driven 37% of S&P earnings growth over the LTM and 11% of returns. However, it is projected to contribute only 9% to earnings growth over the next 12 months. Nvidia’s 1-Year Share Price Performance vs. Semiconductor Industry – iShares Semiconductor ETF SOXX Read also: AI Revolution ‘On the Doorstep:’ The ‘Tidal Wave’ Is Well Underway, Analyst Says McKinsey projects a 10-12% annual increase in global data center power demand between 2020 and 2030. Bank of America analyst Andrew Obin believes that “AI adoption adds potential upside to these forecasts.” The investment bank foresees that various sectors will benefit from AI-centric demand growth, including power producers with merchant capacity, grid equipment providers, pipeline companies, and grid technology providers. Commodities such as copper and uranium are also expected to benefit. Amid this backdrop, Vertiv Holdings LLC VRT, a manufacturer of power and cooling equipment for data centers, has significantly outperformed Nvidia by 300% since Nvidia’s spectacular AI quarter last year. Vertiv’s portfolio, which includes electrical and thermal equipment for data centers, accounts for approximately 75% of its revenue. Projections suggest that global data center demand could reach 126-152 GW by 2030, driving around 250 TWh of new electricity demand, equating to 8% of total US power demand by 2030. Data centers operate a highly power-intensive model, necessitating constant power access and reliable connectivity. Chart: Power Player Vertiv Holdings Sharply Outperformed Nvidia In The Last Year Paul Cole, a research analyst at Bank of America, commented, “Investors in utilities are likely too cautious in estimating the incremental margin opportunities presented by data center growth.” He identified Constellation Energy Corp. CEG, Public Service Enterprise Group Inc. PEG, Vistra Corp. VST, NextEra Energy Inc. NEE, and Dominion Energy D as clear beneficiaries of the data center proliferation and the associated increase in power needs. Chart: Year-To-Date Performance Of $CEG, $VST, $NEE and $D Read now: Utilities Notch 7th Straight Session Of Gains: ‘Potential Derivative Play To The AI Boom’ Image generated using artificial intelligence via Midjourney. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

05/20 15:31 EST - https://markets.businessinsider.com
Bank of America details the best hedge for a big stock-market move on Nvidia earnings
All eyes are on Nvidia this week as the company gears up to report its first-quarter results after the closing bell on Wednesday. The chip maker's earnings report could drive a big move in the stock market, both to the upside or downside, depending on how the results shake out. Current options pricing implies Nvidia will jump or fall 8.5% after its earnings results, which is markedly lower than prior Nvidia earnings releases when options traders were implying a move of of 14%-26%. That's because Nvidia and its successful lineup of AI-focused GPUs have had a massive impact on the earnings growth of the S&P 500. Over the past 12 months, Nvidia's earnings growth drove 37% of the S&P 500's earnings per share growth. But over the next 12 months, Nvidia's earnings growth is expected to drive just 9% of the S&P 500's earnings growth. This dynamic highlights the potential market-shaking impact Nvidia could have on the broader stock market this week, and Bank of America has a way to hedge against the risk. Instead of buying put or call options on the major indices like the S&P 500 and Nasdaq 100, Bank of America recommends investors buy call or put options on Nvidia itself. In other words, if an investor believes the stock market is going to fall this week on Nvidia's earnings results, instead of buying put options in the S&P 500 or Nasdaq 100, they should buy put options in Nvidia, and vice versa with call options if they believe the stock market will rise. "For those worried about the (positive or negative) impact of NVDA earnings on the broader market, NVDA options offer better value than hedging through indices like QQQ, SPY, SMH (Semis ETF)," Bank of America said. The reason is that Nvidia options cost less than options on the broader indices, according to the bank, likely due to the strong liquidity and trading interest in the AI giant. "Don't mess with proxies; hedge with NVDA options," Bank of America said.

05/20 15:10 EST - https://www.benzinga.com
CDL Truck Driving School Shutters Operations, Files for Bankruptcy
Pacific NW Professional Driving School, doing business as Toro Trucking Academy, filed a Chapter 7 petition, which means it is seeking to wind down operations and liquidate its assets, Wednesday in the U.S. Bankruptcy Court for the Western District of Washington. A company representative blamed the closure on "all the market forces that are happening in the industry today." "Increasing regulations that just get worse and worse and harder and harder to do business" the spokesperson for Toro Trucking Academy, who didn't want to be named, told FreightWaves. "You've got the industry economic situation, and fuel prices [in the Pacific Northwest] have more than doubled. Then you have personnel costs and trying to operate in states like Washington and Oregon that are unfriendly to businesses. That all adds up and it just crushes you over time." window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668545404-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); In the petition, Ryan Kling, who is listed as owner and president, states that while his lot lease to store the company's tractors and trailers is paid through May, the trucking school's property insurance policy expired in March and the carrier would not renew it. Toro Trucking Academy had 11 drivers and 13 power units at the time of its closure, according to the Federal Motor Carrier Safety Administration's SAFER website, but has trained thousands of professional drivers over the past 10 years. The company stopped posting images of its CDL graduates on its social media platforms in early April. The website for the trucking school's locations in Tacoma, Kent and Portland no longer works. "We didn't leave anyone hanging out there in the middle of training, so we were intentional about when we closed" the company spokesperson told FreightWaves. "We had an agreement with another CDL school if there were any students that needed anything after we closed. All of the students were taken care of and got their CDLs." window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); In its filing, Toro Trucking Academy lists its assets as between $100,000 and $500,000 and its liabilities as between $1 million and $10 million. The petition states the company has up to 49 creditors and maintains that funds will be available for distribution to unsecured creditors. The petition says the company is involved in two pending legal actions, including a breach-of-contract lawsuit filed against it in King County Superior Court. The company is also awaiting the results of an audit conducted by the Washington State Department of Revenue. Among the company's top creditors with nonpriority unsecured loans are Bank of America in El Paso, Texas, owed more than $68,000, and Chase Card Services of Wilmington, Delaware, owed nearly $57,000. The petition states that First Business Bank of Madison, Wisconsin, has a security interest of around $1.2 million in multiple pieces of equipment. The carrier's gross revenues from Jan. 1 until its bankruptcy filing date were around $490,000. Its petition states the company made about $1.7 million in 2023 and nearly $2.3 million in 2022. As of publication, J. Todd Tracy, the trucking school's bankruptcy attorney, had not responded to FreightWaves' request for comment. The post CDL truck driving school shutters operations, files for bankruptcy appeared first on FreightWaves.

05/20 13:07 EST - https://markets.businessinsider.com
'The real AI darling': This data-center stock has beaten Nvidia by 310% since last year's blockbuster earnings
Nvidia remains a kingpin trade amid the artificial intelligence frenzy, but investors too narrowly focused on GPU chips have missed out on an even more lucrative opportunity. In a new note, Bank of America notes that stock gains for Vertiv — which makes power and cooling equipment for data center — have outpaced Nvidia returns by a whopping 315 percentage points over the past year. They're starting the comparison on May 24, 2023, right after Nvidia's first blowout quarter, which set off the entire AI boom in stocks. To be exact, Vertiv has climbed 516% since the date, handily outpacing Nvidia's 211% gain. The benchmark S&P 500 has risen a comparatively paltry 29% over the same period. "Vertiv is the real AI darling," BofA wrote in a client note. BofA says Vertiv's stellar performance is representative of the AI rally broadening out to include an increasing range of sectors. Much of that stems from the advanced chips that power AI on — such as the ones Nvidia produces — requiring significantly more electricity to operate. That offers upside to industrials, utilities, and commodities, according to the firm. "GPUs need 2-2.5x more power than CPUs, and expected power usage for US data centers under construction is equivalent to more than 50% of the power currently used by US data centers," Bank of America wrote on Monday. "Power used by AI applications is expected to grow at a 25-33% CAGR over the next few years." Others, such as "Big Short" investor Steve Eisman, have pointed out that the boost to power usage also makes these GPUs considerably hotter, putting pressure on firms such as Vertiv to improve cooling systems in data centers. Eisman has long been a bull on US infrastructure. Aside from AI, he's betting that green policy will boost these sectors as well. As Nvidia gears up for its earnings season on Wednesday, expectations remain strong, Bank of America said. The company has also set its own bar high, judging from its last twelve months: it's added $1.5 trillion in market cap and trailing earnings per share have rocketed 617%. "But it's not just about NVDA anymore," the note said, adding: "Fundamentals are broadening out and so should the market: NVDA drove 37% of S&P earnings growth over the LTM (and 11% of return), but is expected to drive just 9% over the next 12 months." Previously, Goldman Sachs had similarly outlined broadening AI investment, characterizing Nvidia as the first of four phases. Eventually, utility investments will take over, at which point firms that can best integrate AI software start winning out.

05/20 12:05 EST - https://finance.yahoo.com
Gold, copper hit records, silver reaches 12-year high as metals rally continues
Gold (GC=F) touched a record high on Monday and silver (SIL=F) prices moved towards 12-year highs as this year's rally in the metals market continues. Gold futures traded hands just above $2,450 per ounce during early morning trading, breaking previous nominal highs reached in April before paring gains. Silver also surged to hover just above $32 per ounce Monday, its highest since late 2012. Gold has rallied in recent months on expectations of a Fed rate cut this year, coupled with strong demand stemming from central banks and Asian buyers. And silver has outperformed gold in recent weeks, gaining 35% this year against gold's 18% rise. Copper (HG=F) prices also hit new highs Monday, and analysts suspect a short squeeze has sent prices for the commodity soaring in recent days. However, strong demand fundamentals are expected to continue over the next year, said Michael Widmer, global head of metals research at Bank of America. "Overall, I think the structural bull case for the coper market remains in place," Widmer told Yahoo Finance Monday. "This is firmly a buy the dip market." Widmer and his team forecast copper, used for everything from electrical wiring to machinery, will reach an average of $12,000 per ton in 2025, a 20% upside from current levels. "Copper looks fundamentally over the next two years very strong," he added. Unlike gold, silver is also used for industrial purposes, such as solar panel cells. Its industrial demand hit a new high in 2023 for a third consecutive year, according to recent data from the Silver Institute, an industry nonprofit. This makes silver's rise potentially susceptible to economic swings, similar to what impacts copper prices. "There may be some hoarding of silver, but the key thing I'm more worried about silver is that it might follow that path — that autocorrelation path in copper, which spikes and then goes back down," Bloomberg Intelligence senior commodities strategist Mike McGlone told Yahoo Finance on Friday. "In the macro, the big picture, though, I'm very favorable in terms of commodities — most favorable to metals versus most other commodities," said McGlone. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.

05/20 10:18 EST - https://www.defenseworld.net
Shared Vision Wealth Group LLC Purchases New Shares in NVIDIA Co. (NASDAQ:NVDA)
Shared Vision Wealth Group LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 543 shares of the computer hardware maker’s stock, valued at approximately $269,000. Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA in the fourth quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC grew its stake in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC raised its holdings in NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after purchasing an additional 53 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of analysts have recently commented on NVDA shares. TD Cowen boosted their target price on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Bank of America upped their price objective on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Wells Fargo & Company lifted their target price on shares of NVIDIA from $970.00 to $1,150.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Craig Hallum upped their price target on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Mizuho lifted their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $966.55. Get Our Latest Research Report on NVDA Insider Transactions at NVIDIA In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. 4.23% of the stock is currently owned by company insiders. NVIDIA Stock Down 2.0 % NASDAQ NVDA opened at $924.79 on Monday. The stock has a 50 day moving average price of $882.98 and a 200-day moving average price of $687.42. NVIDIA Co. has a one year low of $298.06 and a one year high of $974.00. The company has a market capitalization of $2.27 trillion, a P/E ratio of 77.45, a P/E/G ratio of 1.31 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period last year, the company posted $0.65 EPS. The business’s revenue was up 265.3% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Co. will post 22.9 EPS for the current fiscal year. NVIDIA Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%. NVIDIA Company Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

05/20 10:18 EST - https://www.defenseworld.net
Psagot Value Holdings Ltd. Israel Buys 509 Shares of NVIDIA Co. (NASDAQ:NVDA)
Psagot Value Holdings Ltd. Israel lifted its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,602 shares of the computer hardware maker’s stock after acquiring an additional 509 shares during the quarter. NVIDIA accounts for about 2.1% of Psagot Value Holdings Ltd. Israel’s investment portfolio, making the stock its 11th largest holding. Psagot Value Holdings Ltd. Israel’s holdings in NVIDIA were worth $4,755,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds have also recently made changes to their positions in the stock. 1ST Source Bank boosted its position in NVIDIA by 4.1% in the fourth quarter. 1ST Source Bank now owns 10,003 shares of the computer hardware maker’s stock worth $4,954,000 after purchasing an additional 398 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of NVIDIA by 1.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 120,977 shares of the computer hardware maker’s stock worth $59,910,000 after purchasing an additional 1,279 shares during the period. Wambolt & Associates LLC boosted its holdings in shares of NVIDIA by 32.3% in the fourth quarter. Wambolt & Associates LLC now owns 8,611 shares of the computer hardware maker’s stock worth $4,264,000 after buying an additional 2,102 shares during the last quarter. Checchi Capital Advisers LLC grew its position in NVIDIA by 3.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 22,740 shares of the computer hardware maker’s stock valued at $11,261,000 after buying an additional 698 shares during the period. Finally, McKinley Carter Wealth Services Inc. increased its holdings in NVIDIA by 18.5% during the fourth quarter. McKinley Carter Wealth Services Inc. now owns 1,541 shares of the computer hardware maker’s stock valued at $763,000 after buying an additional 241 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at NVIDIA In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. 4.23% of the stock is currently owned by insiders. NVIDIA Stock Performance Shares of NVDA opened at $924.79 on Monday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.27 trillion, a PE ratio of 77.45, a P/E/G ratio of 1.31 and a beta of 1.75. NVIDIA Co. has a 12 month low of $298.06 and a 12 month high of $974.00. The stock has a fifty day moving average price of $882.98 and a 200-day moving average price of $687.42. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. Equities research analysts predict that NVIDIA Co. will post 22.9 earnings per share for the current fiscal year. NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%. Analyst Upgrades and Downgrades Several research analysts have recently weighed in on the stock. Raymond James lifted their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Susquehanna reiterated a “positive” rating and set a $1,050.00 target price on shares of NVIDIA in a research report on Thursday, April 4th. Bank of America boosted their price target on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Argus raised their price objective on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $966.55. Read Our Latest Research Report on NVDA NVIDIA Company Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

05/20 10:18 EST - https://www.defenseworld.net
NVIDIA Co. (NASDAQ:NVDA) Stock Position Raised by Massachusetts Financial Services Co. MA
Massachusetts Financial Services Co. MA raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,275,578 shares of the computer hardware maker’s stock after acquiring an additional 472,805 shares during the quarter. NVIDIA makes up 1.5% of Massachusetts Financial Services Co. MA’s investment portfolio, making the stock its 8th largest position. Massachusetts Financial Services Co. MA owned approximately 0.38% of NVIDIA worth $4,593,452,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA during the 4th quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC lifted its stake in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC boosted its position in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock. Analysts Set New Price Targets Several research analysts have weighed in on NVDA shares. Jefferies Financial Group assumed coverage on NVIDIA in a report on Monday, May 13th. They issued a “buy” rating and a $1,200.00 price target for the company. Bank of America upped their price target on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, February 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. Finally, Raymond James boosted their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $966.55. Read Our Latest Research Report on NVDA Insiders Place Their Bets In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. Company insiders own 4.23% of the company’s stock. NVIDIA Stock Down 2.0 % NASDAQ NVDA opened at $924.79 on Monday. The company has a market capitalization of $2.27 trillion, a P/E ratio of 77.45, a PEG ratio of 1.31 and a beta of 1.75. NVIDIA Co. has a 12 month low of $298.06 and a 12 month high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company’s 50 day simple moving average is $882.98 and its 200 day simple moving average is $687.42. NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Equities research analysts expect that NVIDIA Co. will post 22.9 earnings per share for the current fiscal year. NVIDIA Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%. NVIDIA Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

05/20 08:58 EST - https://www.defenseworld.net
Consolidated Capital Management LLC Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)
Consolidated Capital Management LLC decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 25.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,104 shares of the computer hardware maker’s stock after selling 3,121 shares during the period. NVIDIA accounts for approximately 2.4% of Consolidated Capital Management LLC’s portfolio, making the stock its 16th largest holding. Consolidated Capital Management LLC’s holdings in NVIDIA were worth $4,508,000 at the end of the most recent quarter. Other hedge funds have also recently bought and sold shares of the company. Sycomore Asset Management increased its stake in shares of NVIDIA by 1.6% during the 3rd quarter. Sycomore Asset Management now owns 69,222 shares of the computer hardware maker’s stock valued at $28,803,000 after acquiring an additional 1,102 shares during the last quarter. Arbor Capital Management Inc. ADV grew its holdings in NVIDIA by 9.0% in the third quarter. Arbor Capital Management Inc. ADV now owns 570 shares of the computer hardware maker’s stock valued at $238,000 after purchasing an additional 47 shares during the period. Dubuque Bank & Trust Co increased its position in NVIDIA by 80.5% during the third quarter. Dubuque Bank & Trust Co now owns 1,769 shares of the computer hardware maker’s stock worth $769,000 after purchasing an additional 789 shares during the last quarter. Brady Family Wealth LLC raised its stake in NVIDIA by 3.6% during the third quarter. Brady Family Wealth LLC now owns 2,487 shares of the computer hardware maker’s stock worth $1,082,000 after purchasing an additional 86 shares during the period. Finally, ING Groep NV boosted its holdings in shares of NVIDIA by 28.8% in the 3rd quarter. ING Groep NV now owns 1,322,475 shares of the computer hardware maker’s stock valued at $575,263,000 after purchasing an additional 295,618 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock. NVIDIA Price Performance Shares of NASDAQ NVDA opened at $924.79 on Monday. NVIDIA Co. has a twelve month low of $298.06 and a twelve month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 77.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.75. The business has a 50 day simple moving average of $882.98 and a 200-day simple moving average of $687.42. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Co. will post 22.9 earnings per share for the current year. NVIDIA Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%. Insider Activity at NVIDIA In related news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 in the last 90 days. 4.23% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth A number of research firms have recently commented on NVDA. Bank of America upped their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Jefferies Financial Group started coverage on NVIDIA in a report on Monday, May 13th. They issued a “buy” rating and a $1,200.00 price objective on the stock. DA Davidson lifted their price objective on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Susquehanna reaffirmed a “positive” rating and issued a $1,050.00 price objective on shares of NVIDIA in a research note on Thursday, April 4th. Finally, Evercore ISI started coverage on NVIDIA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $966.55. View Our Latest Stock Report on NVDA NVIDIA Company Profile (Free Report) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. Read More Five stocks we like better than NVIDIA What is a Dividend Harvesting Strategy and How Can Investors Profit from it? Magnificent 7 Still Magnificent as the Halfway Mark Approaches? What is Short Interest? How to Use It 3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off 3 Fintech Stocks With Good 2021 Prospects Warren Buffett’s Mystery Stock Was Just Revealed Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).

05/20 08:30 EST - https://www.defenseworld.net
Meridian Wealth Management LLC Reduces Position in Equifax Inc. (NYSE:EFX)
Meridian Wealth Management LLC decreased its holdings in Equifax Inc. (NYSE:EFX – Free Report) by 49.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,116 shares of the credit services provider’s stock after selling 1,080 shares during the period. Meridian Wealth Management LLC’s holdings in Equifax were worth $276,000 at the end of the most recent quarter. Other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in shares of Equifax by 2.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,838 shares of the credit services provider’s stock worth $455,000 after acquiring an additional 40 shares during the last quarter. DAVENPORT & Co LLC increased its position in Equifax by 2.4% during the fourth quarter. DAVENPORT & Co LLC now owns 2,022 shares of the credit services provider’s stock worth $500,000 after purchasing an additional 48 shares during the last quarter. Greenleaf Trust raised its stake in Equifax by 4.2% during the fourth quarter. Greenleaf Trust now owns 1,507 shares of the credit services provider’s stock worth $373,000 after purchasing an additional 61 shares during the period. Concord Wealth Partners boosted its holdings in Equifax by 8.8% in the 4th quarter. Concord Wealth Partners now owns 793 shares of the credit services provider’s stock valued at $196,000 after purchasing an additional 64 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. grew its stake in shares of Equifax by 0.4% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 17,258 shares of the credit services provider’s stock valued at $4,268,000 after buying an additional 69 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors. Equifax Trading Down 0.5 % NYSE:EFX opened at $248.75 on Monday. Equifax Inc. has a 12-month low of $159.95 and a 12-month high of $275.10. The firm has a market cap of $30.75 billion, a PE ratio of 55.40, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average price of $245.87 and a 200 day moving average price of $240.01. Equifax (NYSE:EFX – Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the business posted $1.43 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Sell-side analysts anticipate that Equifax Inc. will post 7.36 earnings per share for the current fiscal year. Equifax Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 24th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Thursday, May 23rd. Equifax’s dividend payout ratio is presently 34.74%. Insider Activity In other news, Director Karen L. Fichuk bought 415 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of $238.77 per share, for a total transaction of $99,089.55. Following the completion of the purchase, the director now owns 3,305 shares in the company, valued at approximately $789,134.85. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Equifax news, Director Karen L. Fichuk bought 415 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of $238.77 per share, for a total transaction of $99,089.55. Following the completion of the purchase, the director now directly owns 3,305 shares in the company, valued at $789,134.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark W. Begor sold 58,300 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $225.45, for a total transaction of $13,143,735.00. Following the completion of the transaction, the chief executive officer now owns 109,220 shares in the company, valued at $24,623,649. The disclosure for this sale can be found here. Company insiders own 1.66% of the company’s stock. Wall Street Analyst Weigh In A number of research firms recently commented on EFX. Oppenheimer decreased their price objective on Equifax from $291.00 to $272.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $305.00 price target on shares of Equifax in a research note on Thursday, April 18th. Bank of America cut their price objective on Equifax from $300.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Truist Financial increased their target price on shares of Equifax from $270.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Robert W. Baird reduced their price target on shares of Equifax from $275.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Equifax presently has a consensus rating of “Moderate Buy” and an average price target of $270.19. Get Our Latest Research Report on Equifax About Equifax (Free Report) Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship. Read More Five stocks we like better than Equifax NYSE Stocks Give Investors a Variety of Quality Options JD’s Earnings Could Mean Chinese Stocks Making a Comeback Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time Canada Goose Flies Higher Driven By DTC Growth What does consumer price index measure? CVS Health Stock Has a Silver Lining Called Value Want to see what other hedge funds are holding EFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equifax Inc. (NYSE:EFX – Free Report).

05/20 08:28 EST - https://www.defenseworld.net
Under Armour (NYSE:UAA) Releases Q1 2025 Earnings Guidance
Under Armour (NYSE:UAA – Get Free Report) updated its first quarter 2025 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of -0.100–0.080 for the period, compared to the consensus estimate of 0.040. The company issued revenue guidance of -. Under Armour Trading Up 1.0 % Shares of UAA opened at $6.78 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46. Under Armour has a one year low of $6.18 and a one year high of $9.50. The stock has a 50-day moving average price of $6.96 and a 200 day moving average price of $7.72. The company has a market capitalization of $2.95 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.85 and a beta of 1.63. Under Armour (NYSE:UAA – Get Free Report) last issued its earnings results on Thursday, May 16th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. Sell-side analysts forecast that Under Armour will post 0.37 EPS for the current fiscal year. Wall Street Analyst Weigh In Several analysts recently commented on UAA shares. Truist Financial lowered their target price on Under Armour from $8.00 to $7.00 and set a hold rating on the stock in a research report on Friday. Williams Trading reiterated a hold rating and set a $8.00 price objective on shares of Under Armour in a research report on Thursday, March 14th. TheStreet upgraded shares of Under Armour from a d+ rating to a c- rating in a report on Thursday, February 8th. William Blair downgraded Under Armour from an outperform rating to a market perform rating in a report on Thursday. Finally, Bank of America dropped their price target on shares of Under Armour from $9.00 to $8.00 and set a neutral rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $7.45. Check Out Our Latest Stock Analysis on UAA About Under Armour (Get Free Report) Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

05/20 08:16 EST - https://www.defenseworld.net
Garmin Ltd. (NYSE:GRMN) Shares Purchased by Panagora Asset Management Inc.
Panagora Asset Management Inc. boosted its stake in shares of Garmin Ltd. (NYSE:GRMN – Free Report) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,124 shares of the scientific and technical instruments company’s stock after buying an additional 2,499 shares during the quarter. Panagora Asset Management Inc.’s holdings in Garmin were worth $2,715,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its stake in Garmin by 213.5% in the 4th quarter. Pacer Advisors Inc. now owns 41,557 shares of the scientific and technical instruments company’s stock valued at $5,342,000 after acquiring an additional 28,301 shares during the last quarter. Peterson Wealth Services acquired a new position in Garmin in the 4th quarter valued at $2,365,000. Envestnet Asset Management Inc. boosted its holdings in shares of Garmin by 42.7% during the third quarter. Envestnet Asset Management Inc. now owns 125,389 shares of the scientific and technical instruments company’s stock worth $13,191,000 after purchasing an additional 37,532 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Garmin in the fourth quarter valued at $8,691,000. Finally, Natixis Advisors L.P. increased its stake in Garmin by 30.0% in the fourth quarter. Natixis Advisors L.P. now owns 30,041 shares of the scientific and technical instruments company’s stock valued at $3,861,000 after purchasing an additional 6,939 shares during the last quarter. 73.41% of the stock is owned by hedge funds and other institutional investors. Insider Activity In other Garmin news, Director Jonathan Burrell sold 15,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the director now owns 758,834 shares in the company, valued at approximately $106,236,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Susan Lyman sold 2,587 shares of Garmin stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $135.18, for a total value of $349,710.66. Following the completion of the transaction, the vice president now directly owns 7,174 shares in the company, valued at $969,781.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Burrell sold 15,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the director now directly owns 758,834 shares in the company, valued at approximately $106,236,760. The disclosure for this sale can be found here. Insiders have sold 99,476 shares of company stock worth $14,166,944 over the last 90 days. Company insiders own 19.54% of the company’s stock. Analyst Ratings Changes Several research firms have commented on GRMN. Barrington Research lifted their price target on Garmin from $119.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, February 22nd. Barclays upped their price target on shares of Garmin from $140.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. StockNews.com lowered shares of Garmin from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Bank of America upped their price objective on Garmin from $120.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Garmin from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $159.33. View Our Latest Analysis on GRMN Garmin Stock Up 0.6 % Garmin stock opened at $170.94 on Monday. The firm has a market capitalization of $32.83 billion, a P/E ratio of 24.11, a PEG ratio of 5.47 and a beta of 0.99. The firm has a fifty day moving average of $151.46 and a 200-day moving average of $134.29. Garmin Ltd. has a 52-week low of $99.61 and a 52-week high of $171.47. Garmin (NYSE:GRMN – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.00 by $0.42. Garmin had a return on equity of 17.26% and a net margin of 24.96%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company posted $1.02 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. On average, research analysts expect that Garmin Ltd. will post 5.58 EPS for the current fiscal year. Garmin Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, June 17th. Garmin’s dividend payout ratio (DPR) is 41.18%. Garmin Company Profile (Free Report) Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.

05/20 08:04 EST - https://www.defenseworld.net
Quadrant Capital Group LLC Has $233,000 Holdings in H World Group Limited (NASDAQ:HTHT)
Quadrant Capital Group LLC raised its position in shares of H World Group Limited (NASDAQ:HTHT – Free Report) by 19.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,975 shares of the company’s stock after purchasing an additional 1,142 shares during the period. Quadrant Capital Group LLC’s holdings in H World Group were worth $233,000 as of its most recent SEC filing. Several other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group increased its holdings in H World Group by 5.3% in the third quarter. Schroder Investment Management Group now owns 15,350,066 shares of the company’s stock worth $605,253,000 after buying an additional 766,303 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of H World Group by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,404,958 shares of the company’s stock valued at $331,407,000 after purchasing an additional 58,687 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of H World Group by 20.7% during the 4th quarter. Federated Hermes Inc. now owns 2,229,079 shares of the company’s stock valued at $74,540,000 after purchasing an additional 382,538 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of H World Group by 6.0% in the 3rd quarter. American Century Companies Inc. now owns 2,057,059 shares of the company’s stock valued at $81,110,000 after purchasing an additional 116,641 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in H World Group by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 931,431 shares of the company’s stock worth $31,147,000 after purchasing an additional 13,466 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades HTHT has been the topic of several recent research reports. Macquarie assumed coverage on H World Group in a report on Friday, April 19th. They set an “outperform” rating and a $48.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on H World Group from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Bank of America decreased their target price on H World Group from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Benchmark reissued a “buy” rating and issued a $64.00 price target on shares of H World Group in a research report on Friday, March 22nd. Finally, CLSA began coverage on shares of H World Group in a report on Friday, April 26th. They set a “buy” rating and a $47.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.40. Get Our Latest Analysis on HTHT H World Group Stock Down 1.7 % Shares of HTHT stock opened at $41.33 on Monday. The stock has a 50 day moving average of $39.21 and a 200-day moving average of $36.14. The firm has a market cap of $13.50 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 1.34 and a beta of 0.93. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. H World Group Limited has a 12 month low of $30.20 and a 12 month high of $48.84. H World Group (NASDAQ:HTHT – Get Free Report) last released its earnings results on Wednesday, March 20th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $759.99 million. H World Group had a net margin of 16.47% and a return on equity of 28.12%. On average, equities analysts predict that H World Group Limited will post 2 EPS for the current year. H World Group Company Profile (Free Report) H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels. Read More Five stocks we like better than H World Group The 3 Best Blue-Chip Stocks to Buy Now Canada Goose Flies Higher Driven By DTC Growth 3 Warren Buffett Stocks to Buy Now CVS Health Stock Has a Silver Lining Called Value Investing in Travel Stocks Benefits Magnificent 7 Still Magnificent as the Halfway Mark Approaches?

05/20 07:56 EST - https://www.defenseworld.net
Foundations Investment Advisors LLC Takes Position in Textron Inc. (NYSE:TXT)
Foundations Investment Advisors LLC acquired a new position in Textron Inc. (NYSE:TXT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,560 shares of the aerospace company’s stock, valued at approximately $220,000. A number of other institutional investors have also recently added to or reduced their stakes in TXT. Adage Capital Partners GP L.L.C. lifted its stake in shares of Textron by 93.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,474,191 shares of the aerospace company’s stock valued at $115,193,000 after purchasing an additional 713,169 shares during the last quarter. Swiss National Bank bought a new position in Textron in the 3rd quarter worth approximately $50,696,000. JPMorgan Chase & Co. lifted its holdings in shares of Textron by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 5,745,108 shares of the aerospace company’s stock worth $448,923,000 after buying an additional 596,214 shares during the last quarter. LSV Asset Management boosted its position in shares of Textron by 15.9% in the fourth quarter. LSV Asset Management now owns 3,793,047 shares of the aerospace company’s stock valued at $305,037,000 after acquiring an additional 521,276 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Textron in the fourth quarter worth $394,347,000. 86.03% of the stock is currently owned by institutional investors and hedge funds. Textron Trading Up 1.9 % TXT opened at $89.17 on Monday. Textron Inc. has a 1-year low of $61.27 and a 1-year high of $97.33. The stock has a market capitalization of $17.00 billion, a PE ratio of 19.05, a PEG ratio of 1.41 and a beta of 1.32. The company has a current ratio of 1.81, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $91.84 and a two-hundred day moving average price of $85.02. Textron (NYSE:TXT – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.08). The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.29 billion. Textron had a net margin of 6.75% and a return on equity of 16.30%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. As a group, equities analysts anticipate that Textron Inc. will post 6.27 earnings per share for the current fiscal year. Textron Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Friday, June 14th. Textron’s payout ratio is 1.71%. Wall Street Analyst Weigh In Several equities analysts recently commented on the stock. Susquehanna cut their target price on shares of Textron from $110.00 to $105.00 and set a “positive” rating for the company in a research note on Friday, April 26th. Bank of America raised shares of Textron from a “neutral” rating to a “buy” rating and boosted their price target for the company from $85.00 to $105.00 in a report on Friday, March 8th. Citigroup lifted their price objective on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, April 4th. The Goldman Sachs Group upped their price target on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, StockNews.com cut Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.63. View Our Latest Research Report on Textron Insider Activity In related news, Director Kathleen M. Bader sold 11,870 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $87.91, for a total value of $1,043,491.70. Following the completion of the sale, the director now owns 3,756 shares in the company, valued at $330,189.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders. Textron Company Profile (Free Report) Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.

05/20 07:54 EST - https://www.defenseworld.net
Check Capital Management Inc. CA Decreases Stake in Apple Inc. (NASDAQ:AAPL)
Check Capital Management Inc. CA lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,814 shares of the iPhone maker’s stock after selling 241 shares during the period. Apple accounts for approximately 0.2% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 14th biggest position. Check Capital Management Inc. CA’s holdings in Apple were worth $6,510,000 as of its most recent SEC filing. A number of other hedge funds also recently bought and sold shares of the business. Headinvest LLC boosted its holdings in Apple by 1.7% in the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Apple by 16.1% in the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after acquiring an additional 10,425 shares during the last quarter. DNB Asset Management AS grew its position in Apple by 6.9% in the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after acquiring an additional 279,311 shares during the period. Boltwood Capital Management increased its stake in Apple by 2.8% during the fourth quarter. Boltwood Capital Management now owns 37,178 shares of the iPhone maker’s stock worth $7,158,000 after acquiring an additional 1,021 shares during the last quarter. Finally, NewEdge Wealth LLC raised its position in Apple by 16.2% in the fourth quarter. NewEdge Wealth LLC now owns 808,709 shares of the iPhone maker’s stock valued at $155,701,000 after purchasing an additional 112,980 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock. Apple Trading Up 0.0 % NASDAQ AAPL opened at $189.87 on Monday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $199.62. The company has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.26. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. The firm’s fifty day moving average price is $174.13 and its 200 day moving average price is $182.67. Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Apple had a return on equity of 148.33% and a net margin of 26.31%. The business had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Apple Inc. will post 6.57 earnings per share for the current fiscal year. Apple announced that its board has approved a stock buyback program on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued. Apple Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a $0.25 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. This is a boost from Apple’s previous quarterly dividend of $0.24. Apple’s payout ratio is currently 15.55%. Insider Activity In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Chris Kondo sold 4,999 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $190.40, for a total transaction of $951,809.60. Following the transaction, the insider now owns 29,278 shares of the company’s stock, valued at $5,574,531.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 371,270 shares of company stock valued at $64,605,696. 0.06% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth A number of brokerages recently issued reports on AAPL. Robert W. Baird raised their price objective on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. The Goldman Sachs Group lifted their price target on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. UBS Group restated a “hold” rating and issued a $190.00 price objective on shares of Apple in a report on Monday, March 25th. Bank of America lifted their target price on shares of Apple from $225.00 to $230.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Sanford C. Bernstein upgraded Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $204.71. Get Our Latest Stock Analysis on AAPL About Apple (Free Report) Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

05/20 07:34 EST - https://www.defenseworld.net
Quadrant Capital Group LLC Acquires 2,790 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)
Quadrant Capital Group LLC raised its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 33.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,101 shares of the real estate investment trust’s stock after purchasing an additional 2,790 shares during the period. Quadrant Capital Group LLC’s holdings in Blackstone Mortgage Trust were worth $236,000 at the end of the most recent quarter. Several other large investors have also bought and sold shares of BXMT. Central Bank & Trust Co. acquired a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $25,000. GAMMA Investing LLC acquired a new stake in Blackstone Mortgage Trust during the 4th quarter valued at approximately $45,000. Sandy Spring Bank raised its holdings in Blackstone Mortgage Trust by 10,652.0% during the 4th quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 2,663 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Blackstone Mortgage Trust by 4,986.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,613 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 6,483 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $145,000. 64.15% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Several equities research analysts have recently weighed in on BXMT shares. Bank of America cut shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $21.00 in a research report on Monday, March 4th. JPMorgan Chase & Co. decreased their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Thursday, April 25th. Keefe, Bruyette & Woods dropped their price objective on Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. BTIG Research decreased their target price on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, UBS Group lowered their target price on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Hold” and an average target price of $19.93. Read Our Latest Analysis on BXMT Blackstone Mortgage Trust Price Performance Shares of BXMT opened at $18.36 on Monday. The stock has a 50-day moving average of $18.95 and a 200-day moving average of $20.31. Blackstone Mortgage Trust, Inc. has a one year low of $17.50 and a one year high of $23.82. The company has a market cap of $3.19 billion, a PE ratio of 612.00 and a beta of 1.44. Blackstone Mortgage Trust Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.62 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a yield of 13.51%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 8,266.67%. Insider Activity In related news, CEO Katharine A. Keenan sold 2,275 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the transaction, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the sale, the chief executive officer now owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $20.42, for a total transaction of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The disclosure for this sale can be found here. Insiders sold a total of 5,540 shares of company stock worth $112,642 over the last quarter. 1.02% of the stock is currently owned by corporate insiders. About Blackstone Mortgage Trust (Free Report) Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.

05/20 07:32 EST - https://www.defenseworld.net
Beacon Pointe Advisors LLC Invests $2.07 Million in Garmin Ltd. (NYSE:GRMN)
Beacon Pointe Advisors LLC purchased a new position in Garmin Ltd. (NYSE:GRMN – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,116 shares of the scientific and technical instruments company’s stock, valued at approximately $2,071,000. Several other institutional investors also recently added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. purchased a new position in shares of Garmin during the fourth quarter worth approximately $26,000. Blue Trust Inc. raised its position in Garmin by 35.2% during the 4th quarter. Blue Trust Inc. now owns 380 shares of the scientific and technical instruments company’s stock valued at $49,000 after purchasing an additional 99 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Garmin in the 4th quarter worth $51,000. Headinvest LLC bought a new position in shares of Garmin during the 3rd quarter worth $41,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in Garmin during the 4th quarter worth about $55,000. Hedge funds and other institutional investors own 73.41% of the company’s stock. Insider Transactions at Garmin In other Garmin news, Director Jonathan Burrell sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $146.15, for a total transaction of $2,192,250.00. Following the completion of the sale, the director now directly owns 623,834 shares in the company, valued at approximately $91,173,339.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Jonathan Burrell sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $146.15, for a total value of $2,192,250.00. Following the transaction, the director now directly owns 623,834 shares of the company’s stock, valued at $91,173,339.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Douglas G. Boessen sold 5,267 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $134.56, for a total transaction of $708,727.52. Following the completion of the sale, the chief financial officer now owns 30,360 shares of the company’s stock, valued at approximately $4,085,241.60. The disclosure for this sale can be found here. Insiders sold 99,476 shares of company stock valued at $14,166,944 over the last 90 days. Corporate insiders own 19.54% of the company’s stock. Analyst Upgrades and Downgrades GRMN has been the subject of several research reports. Barrington Research upped their price target on shares of Garmin from $119.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 22nd. Tigress Financial increased their price target on shares of Garmin from $175.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. boosted their price objective on shares of Garmin from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Bank of America raised their target price on shares of Garmin from $120.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, StockNews.com downgraded Garmin from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Garmin presently has an average rating of “Hold” and an average target price of $159.33. Get Our Latest Analysis on Garmin Garmin Trading Up 0.6 % Shares of NYSE:GRMN opened at $170.94 on Monday. The company has a market capitalization of $32.83 billion, a PE ratio of 24.11, a PEG ratio of 5.47 and a beta of 0.99. Garmin Ltd. has a 12-month low of $99.61 and a 12-month high of $171.47. The business has a 50 day moving average of $151.46 and a two-hundred day moving average of $134.29. Garmin (NYSE:GRMN – Get Free Report) last posted its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.42. Garmin had a return on equity of 17.26% and a net margin of 24.96%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm earned $1.02 EPS. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Equities research analysts predict that Garmin Ltd. will post 5.58 earnings per share for the current fiscal year. Garmin Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, June 17th. Garmin’s payout ratio is presently 41.18%. About Garmin (Free Report) Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform. See Also Five stocks we like better than Garmin The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number Canada Goose Flies Higher Driven By DTC Growth How to Find Undervalued Stocks CVS Health Stock Has a Silver Lining Called Value About the Markup Calculator Magnificent 7 Still Magnificent as the Halfway Mark Approaches?

05/20 07:28 EST - https://www.defenseworld.net
Meridian Wealth Management LLC Makes New $208,000 Investment in C3.ai, Inc. (NYSE:AI)
Meridian Wealth Management LLC bought a new stake in shares of C3.ai, Inc. (NYSE:AI – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,255 shares of the company’s stock, valued at approximately $208,000. Several other hedge funds have also made changes to their positions in AI. Raymond James & Associates boosted its stake in C3.ai by 148.3% during the 3rd quarter. Raymond James & Associates now owns 158,943 shares of the company’s stock valued at $4,056,000 after purchasing an additional 94,932 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of C3.ai by 23.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,883 shares of the company’s stock worth $380,000 after buying an additional 2,797 shares during the period. Daiwa Securities Group Inc. grew its holdings in C3.ai by 40.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 27,667 shares of the company’s stock worth $706,000 after buying an additional 7,901 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in C3.ai by 14.7% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,758 shares of the company’s stock valued at $555,000 after acquiring an additional 2,783 shares during the period. Finally, Private Advisor Group LLC raised its stake in C3.ai by 48.4% during the 3rd quarter. Private Advisor Group LLC now owns 31,125 shares of the company’s stock valued at $794,000 after acquiring an additional 10,151 shares in the last quarter. Institutional investors own 38.96% of the company’s stock. C3.ai Stock Performance NYSE:AI opened at $26.39 on Monday. The firm’s 50-day moving average is $25.17 and its 200-day moving average is $27.25. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -11.33 and a beta of 1.74. C3.ai, Inc. has a 52-week low of $20.23 and a 52-week high of $48.87. C3.ai (NYSE:AI – Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($0.73) by $0.13. The firm had revenue of $78.40 million for the quarter, compared to analysts’ expectations of $75.92 million. C3.ai had a negative net margin of 95.21% and a negative return on equity of 29.60%. Equities analysts predict that C3.ai, Inc. will post -2.48 EPS for the current year. Analyst Upgrades and Downgrades Several brokerages have recently weighed in on AI. Bank of America upped their price objective on C3.ai from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Canaccord Genuity Group boosted their target price on shares of C3.ai from $27.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, February 29th. Piper Sandler raised their target price on shares of C3.ai from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Finally, Wedbush cut their price objective on C3.ai from $42.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, C3.ai has a consensus rating of “Hold” and a consensus target price of $31.50. Get Our Latest Report on AI C3.ai Profile (Free Report) C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.

05/20 07:28 EST - https://www.defenseworld.net
1,600 Shares in Phillips 66 (NYSE:PSX) Acquired by Meridian Wealth Management LLC
Meridian Wealth Management LLC purchased a new position in Phillips 66 (NYSE:PSX – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,600 shares of the oil and gas company’s stock, valued at approximately $213,000. Several other large investors also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale grew its stake in Phillips 66 by 12.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock worth $26,501,000 after buying an additional 22,278 shares in the last quarter. Eldred Rock Partners LLC purchased a new stake in Phillips 66 during the fourth quarter valued at about $10,402,000. First Dallas Securities Inc. purchased a new stake in Phillips 66 during the third quarter valued at about $753,000. TIAA Trust National Association lifted its stake in Phillips 66 by 32.9% during the fourth quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company’s stock worth $1,973,000 after purchasing an additional 3,670 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Phillips 66 by 27.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 48,601 shares of the oil and gas company’s stock worth $6,470,000 after purchasing an additional 10,536 shares in the last quarter. Institutional investors own 76.93% of the company’s stock. Insider Buying and Selling at Phillips 66 In other news, VP Joseph Scott Pruitt sold 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total value of $1,132,272.00. Following the sale, the vice president now directly owns 6,583 shares of the company’s stock, valued at approximately $1,035,242.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock. Wall Street Analyst Weigh In A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Citigroup initiated coverage on shares of Phillips 66 in a research note on Wednesday, January 24th. They issued a “buy” rating for the company. Wells Fargo & Company lifted their target price on shares of Phillips 66 from $179.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Bank of America upped their price target on shares of Phillips 66 from $150.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Finally, Scotiabank boosted their target price on Phillips 66 from $148.00 to $156.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and an average target price of $156.21. Check Out Our Latest Stock Report on Phillips 66 Phillips 66 Price Performance PSX stock opened at $147.08 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.17 and a quick ratio of 0.82. Phillips 66 has a 1 year low of $89.74 and a 1 year high of $174.08. The firm has a 50-day moving average of $155.59 and a 200 day moving average of $140.68. The company has a market cap of $62.35 billion, a P/E ratio of 11.31, a PEG ratio of 1.98 and a beta of 1.41. Phillips 66 (NYSE:PSX – Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.15). Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. The firm had revenue of $36.44 billion during the quarter, compared to analysts’ expectations of $35.87 billion. During the same period in the previous year, the company earned $4.21 earnings per share. On average, sell-side analysts forecast that Phillips 66 will post 12.38 EPS for the current year. Phillips 66 Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, May 17th. This is a boost from Phillips 66’s previous quarterly dividend of $1.05. Phillips 66’s dividend payout ratio is 35.38%. About Phillips 66 (Free Report) Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.