Regeneron Pharmaceuticals (REGN) Holder Comerica Bank Has Lowered Its Stake as Share …

Some Historical TSM News: 19/04/2018 – TSMC 2330.TW SAYS IT ORDERS EQUIPMENT FOR T$650 MLN; 15/05/2018 – SAMSUNG ELEC 005930.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Logo

Keywise Capital Management Ltd decreased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 4.92% based on its latest 2019Q1 regulatory filing with the SEC. Keywise Capital Management Ltd sold 23,500 shares as the company’s stock declined 2.72% . The hedge fund held 453,800 shares of the semiconductors company at the end of 2019Q1, valued at $18.59M, down from 477,300 at the end of the previous reported quarter. Keywise Capital Management Ltd who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be less bullish one the $213.05B market cap company. The stock decreased 0.89% or $0.38 during the last trading session, reaching $41.53. About 2.34 million shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 3.75% since August 9, 2018 and is uptrending. It has outperformed by 3.75% the S&P500. Some Historical TSM News: 19/04/2018 – TSMC 2330.TW SAYS IT ORDERS EQUIPMENT FOR T$650 MLN; 15/05/2018 – SAMSUNG ELEC 005930.KS IN TALKS WITH ZTE 0763.HK , OTHER SMARTPHONE MAKERS TO SUPPLY EXYNOS CHIPS – EXEC; 19/04/2018 – TSMC cuts 2018 sales target on weak iPhone demand; 01/05/2018 – TSMC’S NANJING PLANT STARTS MASS PRODUCTION: ECONOMIC DAILY; 26/04/2018 – TSMC SAYS UNIT ORDERS EQUIPMENT FOR T$1.9 BLN; 07/03/2018 – Already under EU investigation, Taiwan company now accused of unfair competition; 16/05/2018 – TSMC 2330.TW SAYS IT ORDERS EQUIPMENT FOR T$630 MLN; 03/04/2018 – TSMC 2330.TW SAYS IT ORDERS EQUIPMENT FOR T$2.7 BLN; 10/04/2018 – TSMC 2330.TW SAYS MARCH SALES +20.8 PCT ON YEAR; 19/04/2018 – Taiwan Semiconductor Manufacturing (TMSC) said Thursday it expects second-quarter revenue to range between $7.8 billion and $7.9 billion, well below expectations

Comerica Bank decreased its stake in Regeneron Pharmaceuticals Inc (REGN) by 49.04% based on its latest 2019Q1 regulatory filing with the SEC. Comerica Bank sold 14,685 shares as the company’s stock declined 10.57% . The institutional investor held 15,261 shares of the health care company at the end of 2019Q1, valued at $6.23 million, down from 29,946 at the end of the previous reported quarter. Comerica Bank who had been investing in Regeneron Pharmaceuticals Inc for a number of months, seems to be less bullish one the $34.19B market cap company. The stock decreased 2.02% or $6.26 during the last trading session, reaching $303.61. About 312,137 shares traded. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) has declined 17.97% since August 9, 2018 and is downtrending. It has underperformed by 17.97% the S&P500. Some Historical REGN News: 19/03/2018 – REGENERON PHARMA-PHASE 3 TRIAL EVALUATING EYLEA INJECTION IN MODERATELY SEVERE TO SEVERE NON-PROLIFERATIVE DIABETIC RETINOPATHY MET PRIMARY ENDPOINT; 19/03/2018 – REGENERON PHARMACEUTICALS – EXPECT U.S. REGULATORY SUBMISSION FOR DIABETIC RETINOPATHY LATER THIS YEAR; 16/05/2018 – Regeneron and Sanofi Share First Positive Clinical Data for Cemiplimab in Advanced Non-small Cell Lung Cancer at ASCO; 03/05/2018 – REGENERON PHARMACEUTICALS INC SEES 2018 CAPITAL EXPENDITURES $420 MLN-$480 MILLION; 21/03/2018 – Regeneron and Alnylam Pharmaceuticals Announce Collaboration to Discover New Treatments for Nonalcoholic Steatohepatitis; 11/05/2018 – Bayer: Second Indication for Eylea to Be Approved in China; 10/05/2018 – @JimCramer vets biotech giants Biogen, Celgene, Gilead and Regeneron for positive prospects; 21/05/2018 – New England Journal of Medicine Publishes Two Positive Phase 3 Trials Showing Dupixent(R) (dupilumab) Improved Moderate-To-Severe Asthma; 16/05/2018 – Dupixent(R) (dupilumab) Showed Positive Phase 3 Results in Adolescents With Inadequately Controlled Moderate-To-Severe Atopic Dermatitis; 19/03/2018 – #3 With Novartis and Roche gunning to carve up Eylea franchise, Regeneron has another PhIII success story to tell $NVS $RHHBY $REGN

More notable recent Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news were published by: Fool.com which released: “Why ASML Holding Rose 10.4% in July – Motley Fool” on August 04, 2019, also Finance.Yahoo.com with their article: “Is Taiwan Semiconductor Mfg. Co. Ltd. (TSM) A Good Stock To Buy? – Yahoo Finance” published on June 07, 2019, Fool.com published: “Another Semiconductor Bellwether Points to Chip Strength in the Second Half – Motley Fool” on July 26, 2019. More interesting news about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) were released by: Fool.com and their article: “Intel Gives Chip Stocks Their Third Boost in a Week – Motley Fool” published on August 01, 2019 as well as Investorplace.com‘s news article titled: “4 Nanotech Stocks to Watch for Explosive Innovation – Investorplace.com” with publication date: August 04, 2019.

More notable recent Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) news were published by: Nasdaq.com which released: “April 26th Options Now Available For Regeneron Pharmaceuticals (REGN) – Nasdaq” on March 11, 2019, also Nasdaq.com with their article: “Regeneron (REGN) Q2 Earnings Top Estimates, Eylea Sales Solid – Nasdaq” published on August 06, 2019, Nasdaq.com published: “Will Cost Control Help Teva (TEVA) Beat on Q2 Earnings? – Nasdaq” on August 05, 2019. More interesting news about Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) were released by: Nasdaq.com and their article: “Regeneron Pharmaceuticals Earnings: REGN Stock Drops on Q1 Miss – Nasdaq” published on May 07, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About Regeneron Pharmaceuticals Inc (REGN) – Yahoo Finance” with publication date: June 14, 2019.

Investors sentiment increased to 1.96 in Q1 2019. Its up 0.83, from 1.13 in 2018Q4. It improved, as 34 investors sold REGN shares while 129 reduced holdings. 103 funds opened positions while 216 raised stakes. 71.25 million shares or 7.86% less from 77.33 million shares in 2018Q4 were reported. Eqis Cap Mgmt, California-based fund reported 6,577 shares. Moreover, Kelly Lawrence W Associates Ca has 0.32% invested in Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN). Evercore Wealth Mgmt Ltd Limited Liability Company owns 0.02% invested in Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) for 1,554 shares. Old Second Bancorporation Of Aurora holds 0.02% in Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) or 139 shares. 3,875 were accumulated by South Dakota Council. Sustainable Growth Advisers Lp holds 920,422 shares or 4.18% of its portfolio. Guardian Life Com Of America has 0.01% invested in Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) for 226 shares. Whittier Tru has 0% invested in Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) for 23 shares. Cwm Lc holds 22 shares or 0% of its portfolio. The Japan-based Mitsubishi Ufj & Corporation has invested 0.1% in Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN). Delta Asset Mngmt Limited Liability Company Tn invested in 4 shares. Pitcairn holds 0.07% or 1,633 shares in its portfolio. Mitsubishi Ufj Secs Com reported 60 shares. Caxton Associates LP owns 567 shares for 0.03% of their portfolio. Public Employees Retirement Systems Of Ohio owns 50,996 shares for 0.11% of their portfolio.

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) Institutional Positions Chart

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After Hours: Uber’s Big Q2 Whiffs, Broadcom and Symantec Seal Their Deal

There are reasons for investors to be optimistic — after months of “will they or won’t they” suspense, IT companies Broadcom (NASDAQ:AVGO) and …

In contrast to the intense optimism we saw on the market during the trading day, the after-hours scene is mixed.

There are reasons for investors to be optimistic — after months of “will they or won’t they” suspense, IT companies Broadcom(NASDAQ:AVGO) and Symantec(NASDAQ:SYMC) finally effected a sale. But there was some discouraging news, too, especially for Uber(NYSE:UBER) investors. Let’s get right to it.

A woman with a little girl reaching toward a car.

Image source: Uber.

Uber’s Q2 growth is not good enough

Maybe it’s better if you walk instead, at least if you’re looking at Uber shares. The company’s stock is one of the most prominent decliners in post-market action, following its after-market posting of Q2 of fiscal 2019 results. These landed short of expectations.

The quarter saw the ridesharing giant collect revenue of $3.16 billion, a 14% improvement on a year-over-year basis. That was on the back of gross bookings that rose 31% to $15.76 billion. The non-GAAP (adjusted) net loss deepened considerably, to $5.24 billion ($4.72 per share) from Q2 2018’s $878 million ($2.01).

Much of Uber’s growth in bookings can be ascribed to a general take-up of ride-hailing services, a dynamic that also underpinned Lyft‘s (NASDAQ:LYFT) year-over-year improvements.

The difference is that Lyft’s just-reported Q2 convincingly beat analyst estimates, while Uber’s missed them by a considerable amount. On average, prognosticators following the stock were anticipating $3.36 billion in revenue and a per-share net loss of only $3.19.

Even when backing out $3.9 billion of stock-based compensation related to the company’s IPO and a $298 million “driver appreciation award” connected with same, Uber still would have made a substantial loss.

At the moment, Uber’s stock is down by 6% in after-market trading. Perhaps this bearishness is spilling over into Lyft, too — that company’s shares are off by nearly 2%.

Broadcom buying Symantec’s enterprise unit

As widely expected, Broadcom and Symantec have reached a deal for the former to buy the latter’s enterprise security business, both companies announced after market close in separate press releases. Broadcom will pay $10.7 billion in cash for the unit.


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The agreement comes shortly after Broadcom tried to buy Symantec outright. Negotiations on that effort failed at a late stage, and Broadcom regrouped to make a play for the enterprise unit.

In its press release, the buyer said that “[t]he addition of Symantec’s enterprise security portfolio will significantly expand Broadcom’s infrastructure software footprint as it continues to build one of the world’s leading infrastructure technology companies.”

Although the purchase considerably widens Broadcom’s product range, $10.7 billion is a dear price to pay for the Symantec unit. Broadcom estimates that it will add “more than $2 billion of sustainable, incremental, run-rate revenues and approximately $1.3 billion of Pro Forma EBITDA, including synergies.”

Broadcom said it will fund the purchase price through debt financing. The deal, which has been approved by Symantec’s board of directors, is subject to the relevant regulatory authorities. Broadcom expects it will close during the company’s Q1 of fiscal 2020; Symantec believes this will occur before the end of this calendar year.

Since media reports Wednesday night strongly suggested that the two companies would reach a deal, the action was hot in the two stocks during today’s market hours. There’s still some pop in Symantec, which is up by almost 4% at the moment, while Broadcom is down marginally tonight.

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Broadcom to buy Symantec enterprise unit for US$10.7b

WASHINGTON, Aug 9 ― Broadcom announced plans yesterday to buy the enterprise unit of cybersecurity firm Symantec Corp for US$10.7 billion …
The purchase gives Broadcom, a company which returned to the United States after relocating to Singapore, a range of security software to go along with its hardware offerings. — Reuters picThe purchase gives Broadcom, a company which returned to the United States after relocating to Singapore, a range of security software to go along with its hardware offerings. — Reuters pic
The purchase gives Broadcom, a company which returned to the United States after relocating to Singapore, a range of security software to go along with its hardware offerings. — Reuters pic

WASHINGTON, Aug 9 ― Broadcom announced plans yesterday to buy the enterprise unit of cybersecurity firm Symantec Corp for US$10.7 billion (RM44.8 billion) in a move to further diversify the US semiconductor maker.

The all-cash deal was revealed after reports that Broadcom’s efforts to buy Symantec in its entirety had stalled.

The purchase gives Broadcom, a company which returned to the United States after relocating to Singapore, a range of security software to go along with its hardware offerings.

“This transaction represents the next logical step in our strategy following our acquisitions of (networking firm) Brocade and (IT management software firm) CA Technologies,” said Broadcom chief executive Hock Tan.

“Symantec’s enterprise security business is recognized as an established leader in the growing enterprise security space and has developed some of the world’s most powerful defense solutions that protect against today’s evolving threat landscape and secure data from endpoint to cloud.”

Symantec said the deal would allow it to focus its efforts on consumer security products.

“This is a transformative transaction that should maximize immediate value to our shareholders while maintaining ownership in a pure play consumer cyber safety business with predictability, growth and strong consistent profitability,” said Rick Hill, Symantec interim president and CEO.

“It also allows our Norton LifeLock business, a world-recognized leader in consumer and small business cyber safety to operate independently and give investors a clear understanding of the growth opportunity and strong financial performance.”

Broadcom failed last year, while it was still based in Singapore, in a hostile takeover attempt of US mobile chip giant Qualcomm after the White House blocked the deal on national security grounds. ― AFP

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Broadcom to buy Symantec enterprise unit for US$10.7 billion

Chipmaker Broadcom Inc. said it will buy antivirus software maker Symantec Corp.’s enterprise security unit for US$10.7 billion in cash to scale up its …

Chipmaker Broadcom Inc. said it will buy antivirus software maker Symantec Corp.’s enterprise security unit for US$10.7 billion in cash to scale up its software business through deals, Reuters reports.

Shares of Symantec rose 3.6 percent and Broadcom 2 percent in extended trading.

Broadcom last year bought US business software maker CA Inc. for US$18.9 billion and was reportedly in talks to buy infrastructure software company Tibco Software Inc., which was taken private by Vista Equity Partners for US$4.3 billion in 2014.

Its push to software came after a failed attempt last year to buy mobile chipmaker Qualcomm Inc. for US$117 billion, which was scuttled by the Trump administration, citing national security.

“M&A has played a central role in Broadcom’s growth strategy and this transaction represents the next logical step in our strategy,” Broadcom chief executive Hock Tan said.

Through a string of acquisitions, Tan has propelled the chipmaker that was worth just a few billions to a market capitalization of about US$108 billion in the 13 years that he has been at the helm.

Broadcom said the Symantec deal is expected to close in the first quarter of its fiscal year 2020 and is subject to regulatory approvals in the United States, European Union and Japan. It plans to raise fresh debt to fund the deal.

Symantec’s enterprise security unit offers a mix of security products and services to business and government customers, helping them improve their security, while reducing cost and complexity.

Revenue at the unit, which is being sold to Broadcom, rose 9.9 percent to US$611 million. Analysts on average had expected US$564.3 million.

Symantec has been struggling with severe competition from nimbler rivals and sources had told Reuters last month that it walked away from negotiations to sell the entire company to Broadcom over price disagreements.

Several of its top executives, including CEO Greg Clark, have left the company this year, while it is also being investigated by US regulators over an accounting irregularity.

Symantec, which will be left with consumer focused Norton LifeLock business, said it would issue a special dividend of US$12 per share in the fourth quarter and buy back additional US$1.1 billion worth of shares.

The company, which reported better-than-expected first-quarter results on Thursday, said it plans to cut the global workforce by about 7 percent and will take a charge of about US$100 million. It employed more than 11,900 people as of March 29.

– Contact us at [email protected]

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Broadcom acquires Symantec’s enterprise security business for $10.7B

Computer chipmaking company Broadcom Inc. announced Thursday that it’s buying Symantec Corp.’s enterprise security business in a deal valued at …

Computer chipmaking company Broadcom Inc. announced Thursday that it’s buying Symantec Corp.’s enterprise security business in a deal valued at $10.7 billion, confirming earlier reports that discussions of an acquisition were at an advanced stage.

The acquisition means Symantec will effectively split into two, with Broadcom taking over its portfolio of enterprise security products and the Symantec brand name. Symantec will be left with its consumer product portfolio, which includes the Norton antivirus software and LifeLock identity protection brand.

The companies said they expect the deal to close before the end of the year.

Symantec’s enterprise business pulled in $2.3 billion in revenue in the company’s 2019 fiscal year, which was about half of its total. The business sells software that helps big companies to detect cyberattacks across their networks and devices, It also sells security monitoring software for cloud and other computing services. The business competes in a crowded enterprise security field, with some of its main rivals including Cisco Systems Inc., Microsoft Corp., Palo Alto Networks Inc. and Zscaler Inc.

The acquisition is Broadcom’s second big bet on software following its acquisition of agile software development, DevOps and computer security software company CA Technologies Inc. for $19 billion last year. That deal was intended to help Broadcom expand its business beyond semiconductors and storage.

In 2016 Broadcom acquired the networking company Brocade Communications Systems Inc. for $5.5 billion, also to expand its business opportunities. It tried to buy fellow chipmaker Qualcomm Technologies Inc. for more than $100 billion, only to see that deal vetoed by U.S. President Donald Trump over supposed security concerns.

Broadcom is trying to expand its horizons because it’s struggling to maintain growth in its primary computer chip market thanks to tough competition and the impact of the trade dispute between the U.S. and China. In June, Broadcom cut its revenue guidance for this year after President Trump barred it from doing business with one of its biggest customers, China’s Huawei Technologies Co. Ltd.

In a conference call announcing today’s acquisition, Broadcom Chief Executive Officer Hock Tan said the increased focus on software would reduce the company’s volatility.

“There will be meaningful cross-selling opportunities with Brocade and CA solutions,” Tan told analysts during the call.

Despite the acquisition, Broadcom said its fiscal 2019 revenue forecast of $22.5 billion remains unchanged. It said about $17.5 billion of that will come from its computer chips, with infrastructure software making up the rest.

Moor Insights & Strategy analyst Patrick Moorhead said today’s deal suggests that Broadcom is struggling to find an identity.

“Is it a chip company? Is it a software company? Or is it becoming an investment vehicle, like a tech fund with very little connective tissue between investments? It’s hard to say now,” he said.

But Holger Mueller, principal analyst and vice president of Constellation Research Inc., said the deal still makes sense for Broadcom.

“This could be a good strategy for Broadcom if it manages to execute and re-position itself as a broader enterprise platform and software player,” he said.

As for Symantec, the company will now focus solely on its consumer security products.

The deal seems to have brought some relief to the company, which has faced big challenges this year with various job cuts and top executives leaving. The company is also under investigation by the U.S. government for alleged accounting irregularities, and has more than $2 billion in debt.

Following today’s announcement, the company announced a major restructuring plan that will see it shed about 7% of its workforce. It will also close a number of its data centers and other facilities. Those actions will cost it about $75 million in severance pay and termination packages and $25 million more for the closures.

Symantec reported its first-quarter financial results today as well. It reported a profit before certain costs such as stock compensation of 43 cents per share on revenue of $1.24 billion, beating expectations on both. Wall Street had forecast earnings of just 32 cents per share on revenue of $1.19 billion.

Symantec’s stock was up more than 2% in after-hours trading after rising more than 12% in the regular session.

Photo: Broadcom/Facebook

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