Cree (NASDAQ:CREE) Receives New Coverage from Analysts at BNP Paribas

Several institutional investors and hedge funds have recently modified their holdings of CREE. Millennium Management LLC purchased a new stake …

Cree, Inc. logoBNP Paribas assumed coverage on shares of Cree (NASDAQ:CREE) in a report issued on Thursday, August 29th, BenzingaRatingsTable reports. The brokerage issued an underperform rating and a $40.00 target price on the LED producer’s stock.

A number of other equities research analysts also recently issued reports on the company. CIBC restated a market perform rating on shares of Cree in a research note on Thursday, May 2nd. JPMorgan Chase & Co. set a $45.00 price target on Cree and gave the company a neutral rating in a research note on Tuesday, August 27th. BidaskClub downgraded Cree from a buy rating to a hold rating in a research note on Tuesday, August 6th. Deutsche Bank cut their price objective on Cree from $55.00 to $52.00 and set a hold rating for the company in a research note on Wednesday, August 21st. Finally, Oppenheimer downgraded Cree from an outperform rating to a market perform rating and boosted their price objective for the company from $58.00 to $64.78 in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $56.75.

CREE opened at $51.91 on Thursday. The stock has a 50-day moving average price of $53.27 and a 200-day moving average price of $57.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.27 and a quick ratio of 4.57. The firm has a market cap of $5.43 billion, a PE ratio of 195.27 and a beta of 0.92. Cree has a 1 year low of $33.72 and a 1 year high of $69.21.

Cree (NASDAQ:CREE) last issued its earnings results on Tuesday, August 20th. The LED producer reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.09). Cree had a positive return on equity of 1.23% and a negative net margin of 27.86%. The business had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $248.95 million. During the same period last year, the firm posted $0.11 EPS. Cree’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cree will post -0.2 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of CREE. Millennium Management LLC purchased a new stake in shares of Cree during the 4th quarter worth approximately $625,000. Geode Capital Management LLC raised its holdings in Cree by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 1,158,960 shares of the LED producer’s stock valued at $49,574,000 after buying an additional 104,788 shares during the period. Strs Ohio raised its holdings in Cree by 10.8% during the 1st quarter. Strs Ohio now owns 17,500 shares of the LED producer’s stock valued at $1,001,000 after buying an additional 1,700 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Cree by 34.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,053 shares of the LED producer’s stock valued at $633,000 after buying an additional 2,836 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new stake in Cree during the 1st quarter valued at $389,000.

Cree Company Profile

Cree, Inc provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products.

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Analyst Recommendations for Cree (NASDAQ:CREE)

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American Software (NASDAQ:AMSWA) Upgraded to Buy at B. Riley

Millennium Management LLC acquired a new stake in American Software in the fourth quarter valued at approximately $117,000. Dimensional Fund …

American Software logoAmerican Software (NASDAQ:AMSWA) was upgraded by research analysts at B. Riley from a “neutral” rating to a “buy” rating in a report released on Thursday, August 29th, Marketbeat Ratings reports. The brokerage currently has a $17.00 target price on the software maker’s stock, up from their previous target price of $13.00. B. Riley’s price objective would indicate a potential upside of 13.94% from the stock’s current price. B. Riley also issued estimates for American Software’s Q1 2020 earnings at $0.05 EPS, FY2020 earnings at $0.24 EPS and FY2021 earnings at $0.31 EPS.

AMSWA has been the topic of several other reports. BidaskClub raised American Software from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. ValuEngine raised American Software from a “buy” rating to a “strong-buy” rating in a report on Monday, August 26th. William Blair restated an “outperform” rating on shares of American Software in a report on Thursday, June 20th. Finally, Zacks Investment Research lowered American Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. American Software presently has an average rating of “Buy” and an average price target of $14.68.

American Software stock opened at $14.92 on Thursday. The business has a 50-day simple moving average of $14.14 and a two-hundred day simple moving average of $13.14. The company has a market cap of $476.60 million, a P/E ratio of 54.29 and a beta of 0.56. American Software has a 52-week low of $8.99 and a 52-week high of $16.06. The company has a quick ratio of 2.61, a current ratio of 2.60 and a debt-to-equity ratio of 0.02.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings data on Wednesday, August 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The company had revenue of $27.38 million during the quarter, compared to the consensus estimate of $27.49 million. American Software had a return on equity of 7.57% and a net margin of 6.04%. Research analysts anticipate that American Software will post 0.24 EPS for the current fiscal year.

In other American Software news, insider Bryan L. Sell sold 4,000 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $13.05, for a total value of $52,200.00. Following the completion of the sale, the insider now directly owns 4,000 shares in the company, valued at $52,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director J Michael Edenfield sold 1,700 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $25,500.00. Following the completion of the sale, the director now owns 417,423 shares of the company’s stock, valued at $6,261,345. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,499 shares of company stock worth $1,433,836. 11.19% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in AMSWA. Bank of America Corp DE raised its position in American Software by 10.2% during the fourth quarter. Bank of America Corp DE now owns 103,910 shares of the software maker’s stock valued at $1,085,000 after acquiring an additional 9,643 shares in the last quarter. Millennium Management LLC acquired a new stake in American Software in the fourth quarter valued at approximately $117,000. Dimensional Fund Advisors LP grew its holdings in American Software by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,155,992 shares of the software maker’s stock valued at $12,080,000 after purchasing an additional 15,304 shares during the period. Norges Bank acquired a new stake in American Software in the fourth quarter valued at approximately $712,000. Finally, BNP Paribas Arbitrage SA grew its holdings in American Software by 2,671.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock valued at $72,000 after purchasing an additional 5,770 shares during the period. Hedge funds and other institutional investors own 77.63% of the company’s stock.

American Software Company Profile

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.

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Connor Clark & Lunn Investment Management Ltd. Acquires 85200 Shares of Westport Fuel …

Millennium Management LLC boosted its stake in Westport Fuel Systems by 179.4% in the 4th quarter. Millennium Management LLC now owns …

Westport Fuel Systems logoConnor Clark & Lunn Investment Management Ltd. lifted its position in Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) by 15.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 632,885 shares of the auto parts company’s stock after buying an additional 85,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.47% of Westport Fuel Systems worth $1,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPRT. Stonehearth Capital Management LLC acquired a new position in Westport Fuel Systems in the 2nd quarter worth $28,000. Oppenheimer & Co. Inc. boosted its stake in Westport Fuel Systems by 58.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 141,200 shares of the auto parts company’s stock worth $220,000 after purchasing an additional 51,900 shares during the period. Millennium Management LLC boosted its stake in Westport Fuel Systems by 179.4% in the 4th quarter. Millennium Management LLC now owns 413,835 shares of the auto parts company’s stock worth $550,000 after purchasing an additional 265,725 shares during the period. Deutsche Bank AG boosted its stake in Westport Fuel Systems by 44,879.7% in the 4th quarter. Deutsche Bank AG now owns 449,797 shares of the auto parts company’s stock worth $598,000 after purchasing an additional 448,797 shares during the period. Finally, Granite Investment Partners LLC boosted its stake in Westport Fuel Systems by 113.5% in the 1st quarter. Granite Investment Partners LLC now owns 435,870 shares of the auto parts company’s stock worth $675,000 after purchasing an additional 231,752 shares during the period. Institutional investors and hedge funds own 20.96% of the company’s stock.

Westport Fuel Systems stock opened at $2.97 on Friday. The firm has a 50-day moving average of $2.79 and a 200-day moving average of $2.32. Westport Fuel Systems Inc has a one year low of $1.17 and a one year high of $3.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.41 and a quick ratio of 1.04. The company has a market cap of $404.14 million, a price-to-earnings ratio of -9.58 and a beta of 1.79.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its quarterly earnings data on Thursday, August 8th. The auto parts company reported ($0.02) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.02). Westport Fuel Systems had a negative net margin of 6.36% and a negative return on equity of 30.62%. The company had revenue of $82.40 million during the quarter, compared to the consensus estimate of $73.60 million. During the same period in the prior year, the business posted ($0.04) EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Westport Fuel Systems Inc will post -0.09 earnings per share for the current year.

WPRT has been the subject of a number of research analyst reports. ValuEngine raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Friday, August 16th. Cowen set a $4.00 target price on shares of Westport Fuel Systems and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, BidaskClub lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Westport Fuel Systems has a consensus rating of “Buy” and an average price target of $4.50.

About Westport Fuel Systems

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.

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Institutional Ownership by Quarter for Westport Fuel Systems (NASDAQ:WPRT)

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Crowdstrike (NASDAQ:CRWD) Research Coverage Started at Summit Insights

Research analysts at Summit Insights initiated coverage on shares of Crowdstrike (NASDAQ:CRWD) in a note issued to investors on Wednesday, …

Crowdstrike logoResearch analysts at Summit Insights initiated coverage on shares of Crowdstrike (NASDAQ:CRWD) in a note issued to investors on Wednesday, August 28th, The Fly reports. The firm set a “hold” rating and a $75.00 price target on the stock. Summit Insights’ target price would indicate a potential upside of 15.63% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Oppenheimer initiated coverage on Crowdstrike in a research note on Monday, July 8th. They set an “outperform” rating and a $90.00 price objective for the company. CIBC initiated coverage on Crowdstrike in a research note on Monday, July 8th. They set an “outperform” rating and a $90.00 price objective for the company. UBS Group raised their price objective on Crowdstrike from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on Crowdstrike in a research report on Monday, July 8th. They issued a “neutral” rating and a $70.00 target price for the company. Finally, Bank of America reissued a “buy” rating and issued a $103.00 price target (up previously from $89.00) on shares of Crowdstrike in a report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $87.44.

CRWD opened at $64.86 on Wednesday. Crowdstrike has a 52 week low of $56.00 and a 52 week high of $101.88. The firm’s fifty day moving average is $87.46.

Crowdstrike (NASDAQ:CRWD) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.25. The company had revenue of $108.10 million for the quarter, compared to analyst estimates of $103.79 million. The firm’s quarterly revenue was up 94.1% compared to the same quarter last year. Research analysts expect that Crowdstrike will post -1.06 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Executive Wealth Management LLC acquired a new stake in Crowdstrike during the second quarter valued at $34,000. Neuburgh Advisers LLC acquired a new stake in Crowdstrike during the second quarter valued at $46,000. Riverhead Capital Management LLC acquired a new stake in Crowdstrike during the second quarter valued at $55,000. Glen Harbor Capital Management LLC acquired a new stake in Crowdstrike during the second quarter valued at $63,000. Finally, Elkfork Partners LLC acquired a new stake in Crowdstrike during the second quarter valued at $80,000. 2.54% of the stock is owned by hedge funds and other institutional investors.

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Analyst Recommendations for Crowdstrike (NASDAQ:CRWD)

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ACCO Brands Co. (NYSE:ACCO) SVP Gregory J. Mccormack Sells 13608 Shares

Man Group plc bought a new position in ACCO Brands in the second quarter valued at about $141,000. Finally, Oppenheimer Asset Management Inc.

ACCO Brands logoACCO Brands Co. (NYSE:ACCO) SVP Gregory J. Mccormack sold 13,608 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $9.20, for a total transaction of $125,193.60. Following the sale, the senior vice president now directly owns 97,430 shares of the company’s stock, valued at approximately $896,356. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of ACCO stock opened at $10.03 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.20 and a current ratio of 1.94. ACCO Brands Co. has a fifty-two week low of $6.07 and a fifty-two week high of $12.40. The company has a market capitalization of $981.02 million, a P/E ratio of 8.80, a PEG ratio of 1.20 and a beta of 1.85. The stock has a 50 day moving average price of $9.31 and a two-hundred day moving average price of $8.55.

ACCO Brands (NYSE:ACCO) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $518.70 million for the quarter, compared to analysts’ expectations of $493.89 million. ACCO Brands had a return on equity of 16.06% and a net margin of 5.43%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 earnings per share. As a group, equities analysts predict that ACCO Brands Co. will post 1.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 23rd will be paid a $0.06 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.39%. ACCO Brands’s dividend payout ratio is currently 21.05%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACCO. PNC Financial Services Group Inc. lifted its holdings in shares of ACCO Brands by 138.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,642 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 2,697 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of ACCO Brands by 131.5% during the second quarter. Point72 Hong Kong Ltd now owns 9,289 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 5,276 shares in the last quarter. Raymond James Trust N.A. bought a new position in ACCO Brands in the second quarter valued at about $83,000. Man Group plc bought a new position in ACCO Brands in the second quarter valued at about $141,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in ACCO Brands by 24.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 17,359 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 3,451 shares during the period. 94.55% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. TheStreet upgraded ACCO Brands from a “c+” rating to a “b-” rating in a research note on Wednesday, August 21st. ValuEngine upgraded ACCO Brands from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Noble Financial reiterated a “buy” rating and set a $14.00 target price on shares of ACCO Brands in a research note on Thursday, August 8th. Finally, Zacks Investment Research upgraded ACCO Brands from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. ACCO Brands has a consensus rating of “Buy” and a consensus price target of $12.00.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.

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Insider Buying and Selling by Quarter for ACCO Brands (NYSE:ACCO)

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