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LSCC

Lattice Semiconductor Corp (NASDAQ:LSCC) reported mixed Q4 FY23 results with revenue of $170.6 million missing estimates but adjusted EPS of $0.45 beating expectations. The company saw double-digit annual revenue growth in 2023, record gross margin, and profit expansion. It repurchased 900,000 shares and has authorization for up to an additional $250 million shares repurchase through December 2024. The Q1 FY24 revenue outlook is below estimates at $130 million-$150 million. LSCC shares are up 1.7%.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 3:25 pm

AULT

Ault Alliance, Inc. (NYSE:AULT) announced plans to utilize its previously authorized $50M common stock repurchase program, starting no earlier than two business days after filing its Form 10-Q for Q1 2024. The repurchases, aimed at enhancing stockholder value, will be made through a Rule 10b5-1 Plan allowing trading during blackout periods. The program, expiring on December 15, 2024, may be funded through excess cash flow, future borrowings, or financings. Shares repurchased will be returned to treasury, reducing public float. This follows the company's return to treasury of preferred and common stock in December 2023.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:06 pm

SPH

Suburban Propane Partners (NYSE:SPH) announced a dividend payout of $0.33 per share with an annualized yield of 7.02%. Despite a decrease in dividend per share from $1.80 in 2020 to $1.30 in 2023, the company's earnings per share have grown from $0.96 to $1.92 over the same period. This suggests a strategic focus on reinvesting profits rather than increasing dividends, indicating financial health and potential for future growth.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 3:05 pm

ACM

AECOM (NYSE:ACM) has been evaluated by 4 analysts over the last three months, with a consensus leaning towards a somewhat bullish stance. The average 12-month price target for AECOM has been raised to $104.00, indicating a 9.47% increase from the previous target of $95.00. Analysts' actions, including raised and maintained ratings, reflect a positive outlook on AECOM's market performance. The company, a global provider of design, engineering, and construction services, reported a 15.3% revenue growth and a strong ROE of 4.24%, despite a net margin of 2.42% and a high debt-to-equity ratio of 1.21.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 3:00 pm

TAP

Molson Coors Beverage Co (NYSE:TAP) reported Q4 2023 earnings surpassing expectations with a 6.1% Y/Y net sales increase to $2.79 billion and issued positive FY24 guidance. Adjusted EPS was $1.19, beating the $1.12 consensus. The company announced a quarterly dividend of $0.44 per share and a new $2.0 billion share repurchase program. Despite the positive report, TAP shares dropped 2.16% to $60.77.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 2:41 pm

GCTK

Glucotrack, a company focused on innovative diabetes management solutions, has appointed Luis Malavé as the new Chairman of its Board. This strategic move aims to leverage Malavé's extensive experience in the healthcare sector to guide Glucotrack towards achieving its business objectives and enhancing its market position.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:32 pm

AAPL

NVDA

TSLA

Bitcoin, Ethereum, and Dogecoin rally, with Bitcoin surpassing $50K and predictions of reaching $130K. Stellantis adopts Tesla's charging standard, NACS. Various tech and EV companies face challenges and developments, including Apple, Nvidia, and Tesla. Financial markets anticipate inflation data, and geopolitical tensions are highlighted. In the crypto space, significant investments and activities are noted, alongside regulatory and market movements.

Portfolio Pulse from Akanksha Bakshi

February 13, 2024 | 2:21 pm

BIOL

BIOLASE, Inc. (NASDAQ:BIOL), a leader in dental lasers, announced a public offering of 16M units at $0.44 each, aiming to raise $7M. Units include a share of common stock (or a pre-funded warrant), and two types of warrants exercisable at $0.66 and $0.748. The offering, managed by Lake Street Capital Markets, LLC and Maxim Group LLC, is set to close on February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:18 pm

BX

GTES

Gates Industrial Corporation plc (GTES) announced the pricing of a secondary offering of 17.5 million shares by Blackstone Inc. affiliated stockholders, with an option for underwriters to buy an additional 2.625 million shares. The offering is set to close on February 16, 2024. Gates will not offer any shares or receive proceeds from this offering. Citigroup, Goldman Sachs, and Jefferies are the lead managers. Gates also plans to repurchase $50 million of its shares at the offering price, conditioned on the offering's close. Some directors expressed interest in buying approximately 1.05 million shares.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:16 pm

JBLU

Shares of JetBlue Airways Corp. (JBLU) surged 11.5% in premarket trading following the disclosure by billionaire investor Carl Icahn, through a 13D filing, of a 9.91% stake in the airline. The filing was made public on Monday.

Portfolio Pulse from Charles Gross

February 13, 2024 | 2:14 pm