The Zacks Analyst Blog Highlights: Amazon, Tesla, Virgin Galactic, Boeing and Lockheed Martin

This is why companies like Amazon backed Blue Origin, Tesla backed SpaceX, Virgin Galactic Holdings and Boeing are taking a number of initiatives …

For Immediate Release

Chicago, IL – December 30, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon AMZN, Tesla TSLA, Virgin Galactic Holdings SPCE, Boeing BA and Lockheed Martin LMT.

Here are highlights from Friday’s Analyst Blog:

Space Tourism to Be a 2020 Craze? Stocks in Focus

The space tourism sector is heating up with the major players getting close to their goal of delivering various forms of commercial spaceflight by 2020.

Notably, NASA’s decision to open up the International Space Station for tourism and other private ventures from 2020 is a key catalyst in expanding the scope and market of space tourism.

Space Tourism Prospects Aplenty

Space tourism, also known as “citizen space exploration” or “personal spaceflight”, has become an attractive space due to strong consumer spending.

However, the biggest roadblock for the success of space tourism is the high cost of travel. Notably, a trip to the International Space Station will cost around $35K per day of stay while a return ticket will cost around $60 million.

The cost of getting into space will decline if the next generation of space planes can reach the orbit, making it an economically feasible option for a larger customer segment. This will also help the market to expand rapidly.

Per marketstudyreport.com data, cited by MarketWatch, the space tourism market is expected to be worth $1.18 billion by 2024, witnessing CAGR of 16.6% between 2019 and 2024.

This is why companies like Amazon backed Blue Origin, Tesla backed SpaceX, Virgin Galactic Holdings and Boeing are taking a number of initiatives to gain a foothold in this promising space.

Stocks in Focus

Amazon

Amazon backed Blue Origin’s offering is based around a more traditional rocket (the New Shepard), which takes off and lands vertically, and its objectives include orbital spaceflight.

The space tourism company has performed several test flights, the most recent one on Dec 11, and is planning to put paying passengers into space by 2020. The company’s plan is to place up to six passengers on each flight, with tickets expected to cost around $200K to $300K per person.

Moreover, the company has teamed up with aerospace giants Lockheed Martin and Draper in an attempt to build a lunar landing system to meet the

U.S. government’s goal of taking humans to the moon by 2024.

Virgin Galactic

To date, Virgin Galactic has been the main competitor for Blue Origin in terms of sub-orbital space tourism. Its current space plane, VSS Unity, entered outer space in December 2018 as part of its testing process, with two additional space planes in development in Mojave, CA.

Tickets currently cost $250K per person and more than 600 people from 60 countries have reserved seats.

However, the company has been facing headwinds over the space flight. Virgin Galactic originally aimed to deliver space flight by 2009 but it got delayed. In 2014, the company’s first spaceship VSS Enterprise crashed, resulting in the death of its co-pilot, Michael Alsbury.

Tesla

Tesla backed SpaceX already has experience when it comes to launching space-bound flights and the company is hoping to get on board the space tourism bandwagon.

However, unlike other companies in this sector, it is prioritizing lunar tourism and other forms of space tourism extending beyond Earth’s orbit.

Notably, in September, SpaceX unveiled Starship MK1, its new starship that will be able to carry up to 100 people to the moon, Mars or other destinations in space or around Earth.

Moreover, SpaceX is one of the companies that will choose clients and deliver them via its own rocket-and-capsule launch systems for the International Space Station trips starting next year.

Boeing

Boeing emerged as a major player in the space tourism industry when it entered into a deal with NASA as part of their Commercial Crew Development program. This program was designed to increase private sector involvement in the production of crew vehicles to be launched into orbit.

Notably, the company’s contract with NASA provides it with the opportunity to sell seats to space tourists. In October, the company also announced its plans to invest $20 million in Virgin Galactic.

Boeing is another company that will choose and deliver clients for International Space Station trips starting next year.

Zacks Rank

While Tesla carries a Zacks Rank #2 (Buy), Amazon and Virgin Galactic currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Boeing currently carries a Zacks Rank #5 (Strong Sell).

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 top tickers for the entirety of 2020?

These 10 are painstakingly hand-picked from over 4,000 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Start Your Access to the New Zacks Top 10 Stocks >>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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Head to Head Comparison: Intel (NASDAQ:INTC) versus Finisar (NASDAQ:FNSR)

Intel (NASDAQ:INTC) and Finisar (NASDAQ:FNSR) are both computer and technology companies, but which is the superior investment? We will …

Intel (NASDAQ:INTC) and Finisar (NASDAQ:FNSR) are both computer and technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, valuation, earnings, risk, dividends, analyst recommendations and profitability.

Analyst Ratings

This is a summary of recent recommendations for Intel and Finisar, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Intel 8 12 16 0 2.22
Finisar 0 3 0 0 2.00

Intel currently has a consensus target price of $56.37, suggesting a potential downside of 6.18%. Finisar has a consensus target price of $22.50, suggesting a potential downside of 5.34%. Given Finisar’s higher probable upside, analysts clearly believe Finisar is more favorable than Intel.

Profitability

This table compares Intel and Finisar’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Intel 27.46% 28.28% 16.11%
Finisar -3.48% 4.62% 3.07%

Insider & Institutional Ownership

65.3% of Intel shares are owned by institutional investors. Comparatively, 99.7% of Finisar shares are owned by institutional investors. 0.0% of Intel shares are owned by company insiders. Comparatively, 1.1% of Finisar shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Volatility and Risk

Intel has a beta of 0.91, indicating that its share price is 9% less volatile than the S&P 500. Comparatively, Finisar has a beta of 1.52, indicating that its share price is 52% more volatile than the S&P 500.

Valuation and Earnings

This table compares Intel and Finisar’s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Intel $70.85 billion 3.69 $21.05 billion $4.58 13.12
Finisar $1.28 billion 2.23 -$53.22 million $0.59 40.29

Intel has higher revenue and earnings than Finisar. Intel is trading at a lower price-to-earnings ratio than Finisar, indicating that it is currently the more affordable of the two stocks.

Summary

Intel beats Finisar on 9 of the 14 factors compared between the two stocks.

Intel Company Profile

Intel logoIntel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products. It also provides NAND flash memory products primarily used in solid-state drives; and programmable semiconductors and related products for communications, data center, industrial, and military markets. In addition, the company develops computer vision and machine learning, data analysis, localization, and mapping for advanced driver assistance systems and autonomous driving. Its platforms are used in notebooks, systems, and desktops; cloud, enterprise, and communication infrastructure market segments; and retail, automotive, industrial, and various other embedded applications. It serves original equipment manufacturers, original design manufacturers, industrial and communication equipment manufacturers, and cloud service providers. Intel Corporation has a collaboration with Telefonaktiebolaget LM Ericsson (publ) to develop software defined infrastructure for network functions virtualization, distributed cloud, and 5G applications. The company was founded in 1968 and is based in Santa Clara, California.

Finisar Company Profile

Finisar logoFinisar Corporation provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics, and automotive companies in the United States, China, Malaysia, and internationally. The company’s optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in wireline networks comprising switches, routers, and servers, as well as wireless networks, such as antennas and base stations. It also offers wavelength selective switches that are used to switch network traffic from one optical fiber to various other fibers without converting to an electronic signal. In addition, the company provides packaged laser, receivers, and photodetectors for data communication and telecommunication applications; and passive optical components for telecommunication applications. It markets its products through direct sales force, as well as distributors, manufacturers’ representatives and resellers, and system integrators; and to the manufacturers of storage systems and telecommunication equipment, as well as to their contract manufacturers. Finisar Corporation was founded in 1987 and is headquartered in Sunnyvale, California.

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Real Estate Management Services Decreased Its Stake in William Lyon Homes (WLH) by $585000 …

Some Historical MSFT News: 10/04/2018 – C3 IOT & MICROSOFT REPORT PARTNERSHIP TO ON AI IN ENTERPRISE; 20/05/2018 – MICROSOFT …

Microsoft Corporation (NASDAQ:MSFT) Logo

Real Estate Management Services Llc decreased its stake in William Lyon Homes (WLH) by 15.5% based on its latest 2019Q2 regulatory filing with the SEC. Real Estate Management Services Llc sold 32,500 shares as the company’s stock rose 13.79% . The institutional investor held 177,200 shares of the homebuilding company at the end of 2019Q2, valued at $3.23 million, down from 209,700 at the end of the previous reported quarter. Real Estate Management Services Llc who had been investing in William Lyon Homes for a number of months, seems to be less bullish one the $736.26M market cap company. The stock decreased 0.71% or $0.14 during the last trading session, reaching $19.46. About 456,444 shares traded or 24.21% up from the average. William Lyon Homes (NYSE:WLH) has declined 9.49% since September 15, 2018 and is downtrending. It has underperformed by 9.49% the S&P500. Some Historical WLH News: 03/04/2018 – WILLIAM LYON HOMES WLH.N : WEDBUSH RAISES TARGET PRICE TO $32 FROM $31; 08/05/2018 – WILLIAM LYON 1Q ADJ EPS 27C; 08/05/2018 – WILLIAM LYON HOMES – QTRLY HOME SALES REVENUE OF $372.4 MLN, UP 44%; 09/03/2018 – William Lyon Homes Completes Acquisition Of RSI Communities, A Southern California And Texas Based Homebuilder

Schafer Cullen Capital Management Inc decreased its stake in Microsoft Corp. (MSFT) by 20.46% based on its latest 2019Q2 regulatory filing with the SEC. Schafer Cullen Capital Management Inc sold 238,834 shares as the company’s stock rose 6.56% . The hedge fund held 928,204 shares of the prepackaged software company at the end of 2019Q2, valued at $128.93M, down from 1.17 million at the end of the previous reported quarter. Schafer Cullen Capital Management Inc who had been investing in Microsoft Corp. for a number of months, seems to be less bullish one the $ market cap company. The stock decreased 0.15% or $0.2 during the last trading session, reaching $137.32. About 16.55 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 29.33% since September 15, 2018 and is uptrending. It has outperformed by 29.33% the S&P500. Some Historical MSFT News: 10/04/2018 – C3 IOT & MICROSOFT REPORT PARTNERSHIP TO ON AI IN ENTERPRISE; 20/05/2018 – MICROSOFT BUYS SEMANTIC MACHINES FOR CONVERSATIONAL AI PUSH; 07/05/2018 – MSFT: DJI is teaming up with Microsoft for new Azure solutions #msbuild; 25/04/2018 – ZERTO REPORTS CROSS-SELLING PACT WITH MICROSOFT TO DELIVER ADVA; 15/03/2018 – MICROSOFT HAD 83 SEXUAL HARASSMENT COMPLAINTS IN LAST FISCAL YR; 05/03/2018 – STATS Extends Multi-Year Agreement to Provide Sports Data Information for Microsoft; 26/03/2018 – Hartford HLS Exits CVS, Cuts Microsoft, Buys More Danaher; 22/03/2018 – Databricks Delivers Microsoft Azure Databricks Addressing Customer Demand; 17/04/2018 – Columbus to Lead Key Sessions at Summit EMEA Microsoft Dynamics Conference; 12/03/2018 – Former Microsoft CFO Chris Liddell could be Trump’s next top economic adviser It could give Silicon Valley more influence in the Trump administration

Real Estate Management Services Llc, which manages about $741.04M and $148.30M US Long portfolio, upped its stake in Brandywine Realty Trust (NYSE:BDN) by 41,100 shares to 724,900 shares, valued at $10.38 million in 2019Q2, according to the filing.

Analysts await William Lyon Homes (NYSE:WLH) to report earnings on October, 29. They expect $0.25 EPS, down 63.24% or $0.43 from last year’s $0.68 per share. WLH’s profit will be $9.46 million for 19.46 P/E if the $0.25 EPS becomes a reality. After $0.31 actual EPS reported by William Lyon Homes for the previous quarter, Wall Street now forecasts -19.35% negative EPS growth.

More notable recent William Lyon Homes (NYSE:WLH) news were published by: Businesswire.com which released: “William Lyon Homes Announces Proposed Offering of $300.0 Million of Senior Notes Due 2027 – Business Wire” on June 24, 2019, also Ocbj.com with their article: “William Lyon Homes Considers Buyout, Again – Orange County Business Journal” published on May 16, 2019, Streetinsider.com published: “Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain – StreetInsider.com” on August 16, 2019. More interesting news about William Lyon Homes (NYSE:WLH) were released by: Seekingalpha.com and their article: “Why I Bought 2 Homebuilders – Seeking Alpha” published on February 11, 2019 as well as Finance.Yahoo.com‘s news article titled: “William Lyon Homes (WLH) Q1 2019 Earnings Call Transcript – Yahoo Finance” with publication date: May 04, 2019.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on October, 23. They expect $1.24 EPS, up 8.77% or $0.10 from last year’s $1.14 per share. After $1.37 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -9.49% negative EPS growth.

Investors sentiment decreased to 0.77 in Q2 2019. Its down 0.14, from 0.91 in 2019Q1. It fall, as 47 investors sold MSFT shares while 999 reduced holdings. 139 funds opened positions while 664 raised stakes. 5.28 billion shares or 2.38% less from 5.41 billion shares in 2019Q1 were reported. Van Cleef Asset Managementinc invested in 159,086 shares. 10,788 are held by Nuwave Investment Limited Co. Lee Danner And Bass Inc has invested 1.53% in Microsoft Corporation (NASDAQ:MSFT). University Of Notre Dame Du Lac has 68,746 shares. Barometer Cap Inc holds 1.95% or 112,160 shares in its portfolio. Palisade Mngmt Limited Liability Nj invested 0.22% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). 21,881 were reported by Jaffetilchin Partners Llc. Bessemer Grp Inc reported 8.47 million shares or 3.82% of all its holdings. Metropolitan Life Ins Co Ny has invested 3.65% in Microsoft Corporation (NASDAQ:MSFT). Parkside National Bank & stated it has 0.78% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Shell Asset Commerce owns 3.23% invested in Microsoft Corporation (NASDAQ:MSFT) for 1.09 million shares. 796,242 were reported by Riverbridge Prns Lc. Moreover, Guardian Life Ins Company Of America has 0.41% invested in Microsoft Corporation (NASDAQ:MSFT). Donaldson Mgmt Limited Company stated it has 371,230 shares. Spirit Of America Mgmt Corp stated it has 33,409 shares or 0.67% of all its holdings.

Schafer Cullen Capital Management Inc, which manages about $10.62 billion and $8.50B US Long portfolio, upped its stake in Engie Sa (Adr) by 791,184 shares to 2.04M shares, valued at $31.65M in 2019Q2, according to the filing. It also increased its holding in Intel Corp. (NASDAQ:INTC) by 1.24 million shares in the quarter, for a total of 2.89 million shares, and has risen its stake in Itau Unibanco Holding Sa (Adr) (NYSE:ITUB).

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “Now More Than Ever, Microsoft Stock Is a Buy – Nasdaq” on September 03, 2019, also Nasdaq.com with their article: “Technology Sector Update for 09/04/2019: COUP, BOX, ELTK, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” published on September 04, 2019, Nasdaq.com published: “Noteworthy Friday Option Activity: MSFT, RE, KMX – Nasdaq” on August 30, 2019. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Nasdaq.com and their article: “Technology Sector Update for 09/10/2019: WB, PHR, TSM, MSFT, AAPL, CSCO, IBM, GOOG – Nasdaq” published on September 10, 2019 as well as Nasdaq.com‘s news article titled: “Technology Sector Update for 08/29/2019: MFGP, NTNX, ESTC, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” with publication date: August 29, 2019.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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Can Science Applications International Corporation Com (NYSE:SAIC)’s Tomorrow be Different …

Kohlberg Kravis Roberts Com Lp owns 4.03 million shares for 4.3% of their portfolio. Cambiar Investors Limited Liability Com invested in 0.07% or …

Science Applications International Corporation (NYSE:SAIC) Logo

Investors sentiment decreased to 0.99 in 2019 Q2. Its down 2.31, from 3.3 in 2019Q1. It dived, as 28 investors sold Science Applications International Corporation shares while 84 reduced holdings. 44 funds opened positions while 67 raised stakes. 43.41 million shares or 48.24% less from 83.87 million shares in 2019Q1 were reported.

Savant Capital Ltd Liability Com owns 0.04% invested in Science Applications International Corporation (NYSE:SAIC) for 3,097 shares. Texas Permanent School Fund holds 34,541 shares. State Street Corp holds 0.01% or 1.75 million shares. 7,178 are held by Bowling Management Limited Liability Corp. Ing Groep Nv holds 0.01% in Science Applications International Corporation (NYSE:SAIC) or 3,394 shares. New York-based Ack Asset Ltd Liability Corp has invested 3.24% in Science Applications International Corporation (NYSE:SAIC). Kohlberg Kravis Roberts Com Lp owns 4.03 million shares for 4.3% of their portfolio. Cambiar Investors Limited Liability Com invested in 0.07% or 29,912 shares. Nuveen Asset Management Limited Liability Co has 0.02% invested in Science Applications International Corporation (NYSE:SAIC) for 467,394 shares. Legal And General Gru Public Ltd Limited Liability Company owns 85,886 shares for 0% of their portfolio. Anchor Capital Advisors Limited Liability Co owns 11,838 shares for 0.04% of their portfolio. Carroll Financial has invested 0% in Science Applications International Corporation (NYSE:SAIC). Reilly Limited Liability holds 0% of its portfolio in Science Applications International Corporation (NYSE:SAIC) for 14 shares. 8 were reported by Winslow Evans & Crocker. Deutsche Bankshares Ag reported 64,481 shares stake.

The stock of Science Applications International Corporation Com (NYSE:SAIC) registered an increase of 2.54% in short interest. SAIC’s total short interest was 2.31M shares in September as published by FINRA. Its up 2.54% from 2.25 million shares, reported previously. With 464,300 shares average volume, it will take short sellers 5 days to cover their SAIC’s short positions.

The stock increased 0.95% or $0.79 during the last trading session, reaching $84.25. About 496,657 shares traded or 21.34% up from the average. Science Applications International Corporation (NYSE:SAIC) has risen 3.54% since September 15, 2018 and is uptrending. It has outperformed by 3.54% the S&P500.

Science Applications International Corporation provides technical, engineering, and enterprise information technology services primarily in the United States. The company has market cap of $4.86 billion. The companyÂ’s offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customersÂ’ IT infrastructure. It has a 29.09 P/E ratio. It serves the U.S. military comprising Army, Air Force, Navy, Marines, and Coast Guard; the U.S.

Science Applications International Corporation (NYSE:SAIC) Ratings Coverage

Among 2 analysts covering Science Applications Intl (NYSE:SAIC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Science Applications Intl has $9600 highest and $7700 lowest target. $83.33’s average target is -1.09% below currents $84.25 stock price. Science Applications Intl had 8 analyst reports since March 29, 2019 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Friday, March 29.

More notable recent Science Applications International Corporation (NYSE:SAIC) news were published by: Streetinsider.com which released: “Science Applications Int’l (SAIC) Tops Q2 EPS by 6c – StreetInsider.com” on September 05, 2019, also Seekingalpha.com with their article: “Science Applications Q2 2020 Earnings Preview – Seeking Alpha” published on September 04, 2019, Seekingalpha.com published: “SAIC slides after miss, H2 warning – Seeking Alpha” on September 06, 2019. More interesting news about Science Applications International Corporation (NYSE:SAIC) were released by: Finance.Yahoo.com and their article: “SAIC or NOW: Which Is the Better Value Stock Right Now? – Yahoo Finance” published on July 30, 2019 as well as Bizjournals.com‘s news article titled: “The deal is done. Engility is now a subsidiary of SAIC. – Washington Business Journal” with publication date: January 15, 2019.

Science Applications International Corporation (NYSE:SAIC) Institutional Positions Chart

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Osher Van De Voorde Investment Management Cut Its Qualcomm (QCOM) Position by $3.14 …

Blackrock Inc increased its stake in Finisar Corp (FNSR) by 0.6% based on its latest 2019Q2 regulatory filing with the SEC. Blackrock Inc bought …

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Blackrock Inc increased its stake in Finisar Corp (FNSR) by 0.6% based on its latest 2019Q2 regulatory filing with the SEC. Blackrock Inc bought 107,524 shares as the company’s stock declined 0.04% . The institutional investor held 18.11 million shares of the semiconductors company at the end of 2019Q2, valued at $414.14 million, up from 18.00 million at the end of the previous reported quarter. Blackrock Inc who had been investing in Finisar Corp for a number of months, seems to be bullish on the $2.76B market cap company. The stock decreased 1.33% or $0.31 during the last trading session, reaching $22.98. About 1.16 million shares traded. Finisar Corporation (NASDAQ:FNSR) has risen 39.73% since September 15, 2018 and is uptrending. It has outperformed by 39.73% the S&P500. Some Historical FNSR News: 08/03/2018 – Finisar 3Q Adj EPS 20c; 08/03/2018 – FINISAR SEES 4Q ADJ EPS 9.0C TO 15C, EST. 21.3C; 08/03/2018 – Finisar 3Q Loss/Shr 49c; 08/03/2018 – FINISAR CORP QTRLY SHR LOSS $0.49; 13/03/2018 – Finisar Introduces Industry’s First 400G QSFP-DD Active Optical Cable and Transceivers for Switching and Routing Applications; 05/04/2018 – CAFC: FINISAR CORPORATION v. NISTICA, INC. [RULE 36 JUDGMENT] – Appeal #17-1649 – 2018-04-05; 15/03/2018 – Finisar Closes Below 50-Day Moving Average: Technicals; 09/03/2018 – Tech Today: Netflix’s Halo, Finisar’s Dismal Report, Big Blue’s View — Barron’s Blog; 08/03/2018 – Finisar Sees 4Q Rev $300M-$320M; 13/03/2018 – Finisar Introduces Industry’s Smallest Coherent Optical Assembly for High-Density Line Card and Transceiver Designs at OFC 20

Osher Van De Voorde Investment Management decreased its stake in Qualcomm Inc (QCOM) by 26.17% based on its latest 2019Q2 regulatory filing with the SEC. Osher Van De Voorde Investment Management sold 41,262 shares as the company’s stock declined 15.29% . The institutional investor held 116,404 shares of the radio and television broadcasting and communications equipment company at the end of 2019Q2, valued at $8.86 million, down from 157,666 at the end of the previous reported quarter. Osher Van De Voorde Investment Management who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $95.32B market cap company. The stock decreased 0.85% or $0.67 during the last trading session, reaching $78.41. About 5.34 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 17.92% since September 15, 2018 and is uptrending. It has outperformed by 17.92% the S&P500. Some Historical QCOM News: 29/03/2018 – Tsinghua Unigroup postpones mobile chip unit IPO; 14/03/2018 – Singapore-based Broadcom Ltd is planning to scrap its bid for Qualcomm Inc, after U.S; 08/05/2018 – Australian Gov: WIPO PUBLISHES PATENT OF QUALCOMM FOR “SOURCE FOLLOWER BASED ENVELOPE TRACKING FOR POWER AMPLIFIER BIASING”; 14/03/2018 – Trump’s decision to block Broadcom’s attempt to acquire Qualcomm will deter companies from looking for growth beyond national borders, experts say; 12/03/2018 – US turns up heat on Broadcom over relocation aspect of Qualcomm battle; 02/04/2018 – Qualcomm Extends NXP Tender Offer to April 6; 16/03/2018 – Qualcomm’s Former Chairman Said to Explore Taking Company Private; 09/03/2018 – Broadcom: ‘Any Notion That a Combined Broadcom-Qualcomm Would Slash Funding or Cede Leadership in 5G Is Completely Unfounded’; 06/03/2018 – Qualcomm, Huawei in Talks to Settle Patent-Royalty Dispute; 25/04/2018 – QUALCOMM SAID CHINA SELL-THROUGH OF SMARTPHONES HAS BEEN OK

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Notable ETF Inflow Detected – QQQ, TXN, QCOM, MU – Nasdaq” on August 21, 2019, also Nasdaq.com with their article: “Will Lower Revenues Hurt Qualcomm’s (QCOM) Q3 Earnings? – Nasdaq” published on July 29, 2019, Nasdaq.com published: “Here’s Where You Buy Qualcomm Stock – Nasdaq” on July 03, 2019. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “QUALCOMM Incorporated (QCOM) Ex-Dividend Date Scheduled for June 05, 2019 – Nasdaq” published on June 04, 2019 as well as Seekingalpha.com‘s news article titled: “Qualcomm bringing 5G to lower-cost phones – Seeking Alpha” with publication date: September 06, 2019.

Osher Van De Voorde Investment Management, which manages about $219.15 million and $242.14M US Long portfolio, upped its stake in Alphabet Inc. by 7,296 shares to 7,496 shares, valued at $8.12 million in 2019Q2, according to the filing.

Investors sentiment increased to 0.85 in 2019 Q2. Its up 0.08, from 0.77 in 2019Q1. It is positive, as 66 investors sold QCOM shares while 468 reduced holdings. 172 funds opened positions while 281 raised stakes. 927.97 million shares or 2.98% more from 901.11 million shares in 2019Q1 were reported. Hamlin Cap Mngmt Ltd Liability Corp holds 2.88% or 880,469 shares. Adell Harriman And Carpenter has 62,255 shares for 0% of their portfolio. Keystone Planning has invested 1.31% in QUALCOMM Incorporated (NASDAQ:QCOM). Hbk Sorce Advisory Lc holds 18,628 shares or 0.21% of its portfolio. Argent Tru, a Tennessee-based fund reported 47,609 shares. Art Advsr Ltd Com holds 0.15% or 35,500 shares. Hallmark invested in 2,680 shares. Fosun International Limited invested 0.11% in QUALCOMM Incorporated (NASDAQ:QCOM). Manufacturers Life Ins The accumulated 1.13M shares. F&V Cap Management owns 3,920 shares or 0.18% of their US portfolio. Bamco reported 4,000 shares or 0% of all its holdings. Blue Chip Prns, Michigan-based fund reported 21,839 shares. American Grp Incorporated Incorporated holds 0.16% or 522,885 shares in its portfolio. Roosevelt Investment Group Incorporated reported 0.08% stake. Altfest L J & Communications Incorporated has invested 0.18% in QUALCOMM Incorporated (NASDAQ:QCOM).

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on November, 6. They expect $0.55 EPS, down 27.63% or $0.21 from last year’s $0.76 per share. QCOM’s profit will be $668.61 million for 35.64 P/E if the $0.55 EPS becomes a reality. After $0.64 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -14.06% negative EPS growth.

More notable recent Finisar Corporation (NASDAQ:FNSR) news were published by: Nasdaq.com which released: “Telecom Stock Roundup: Sprint Boosts Video Analytics, AT&T’s Content Deal & More – Nasdaq” on September 05, 2019, also Nasdaq.com with their article: “Finisar Introduces L-band High Resolution Optical Spectrum Analyzer for R&D and Manufacturing Applications – Nasdaq” published on September 03, 2019, Seekingalpha.com published: “Finisar EPS misses by $0.02, misses on revenue – Seeking Alpha” on September 04, 2019. More interesting news about Finisar Corporation (NASDAQ:FNSR) were released by: Nasdaq.com and their article: “3 Top Augmented Reality Stocks to Buy Right Now – Nasdaq” published on August 27, 2019 as well as Seekingalpha.com‘s news article titled: “Why I’m Fading The Finisar Deal For Now – Seeking Alpha” with publication date: September 05, 2019.

Blackrock Inc, which manages about $2337.62B US Long portfolio, decreased its stake in Plains Gp Hldgs LP by 180,751 shares to 1.80 million shares, valued at $45.06M in 2019Q2, according to the filing. It also reduced its holding in Taylor Morrison Home Corp (NYSE:TMHC) by 565,096 shares in the quarter, leaving it with 9.46M shares, and cut its stake in Bank New York Mellon Corp (NYSE:BK).

Investors sentiment decreased to 0.83 in Q2 2019. Its down 0.15, from 0.98 in 2019Q1. It dropped, as 29 investors sold FNSR shares while 49 reduced holdings. 15 funds opened positions while 50 raised stakes. 107.79 million shares or 13.16% less from 124.12 million shares in 2019Q1 were reported. Intl Gp Inc has 0.01% invested in Finisar Corporation (NASDAQ:FNSR) for 88,319 shares. Highvista Strategies Limited Liability Corp holds 1.53% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 130,661 shares. Utd Automobile Association accumulated 142,117 shares or 0.01% of the stock. Charles Schwab Invest Mngmt has invested 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Swiss State Bank holds 0.01% or 214,000 shares. Thrivent Financial For Lutherans has 0.01% invested in Finisar Corporation (NASDAQ:FNSR) for 92,497 shares. State Of Tennessee Treasury Department stated it has 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Arizona State Retirement invested in 182,893 shares. Sheets Smith Wealth Mngmt accumulated 10,475 shares. Pub Employees Retirement Of Ohio owns 4,938 shares or 0% of their US portfolio. 247,998 are held by Havens Lc. Aqr Capital Mngmt Lc reported 162,921 shares. Alpine Mngmt Inc owns 5.63 million shares for 3.78% of their portfolio. Paradigm Cap New York accumulated 0.99% or 474,200 shares. Grantham Mayo Van Otterloo & Communications Ltd Liability Corporation invested in 0.08% or 467,120 shares.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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