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Equity Actions

MBUU

Analyst ratings for Malibu Boats (NASDAQ:MBUU) show a mix of bullish and somewhat bullish sentiments, with recent price target adjustments reflecting a lower average target of $53.00, down from $57.33. The ratings and targets come from analysts at Raymond James, Keybanc, Baird, and Truist Securities, with actions ranging from maintaining to raising and lowering targets. Malibu Boats is a leading boat manufacturer with a strong market position, but it has faced a revenue decline of -15.35% over the last quarter. Despite this, the company has a high net margin and ROE, indicating strong profitability and financial management.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:00 pm

Dominion Energy Inc. (NYSE:D) saw a slight increase of 0.94% in the current market session to $46.17, despite a monthly decline of 4.67% and an annual drop of 25.53%. The company's P/E ratio of 15.2 is below the Multi-Utilities industry average of 22.39, which could suggest that the stock is undervalued or that shareholders have lower future performance expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:00 pm

MINM

David E. Lazar disclosed a 51% active stake in Minim, Inc. (NASDAQ:MINM) after acquiring 2 million Series A Preferred Stock, convertible into 1.4 shares of common stock each, and warrants for an additional 2.8 million shares at $1.00 each. Lazar is looking to work with the board to explore strategic options to enhance shareholder value. Minim's stock has surged on the news with trading volume significantly exceeding the average.

Portfolio Pulse from Erica Kollmann

January 31, 2024 | 6:20 pm

AMD

CNXA

MINM

NVVE

NYCB

POWL

Advanced Micro Devices, Inc. (AMD) shares fell 3.8% to $165.49 post Q4 earnings report, with non-GAAP EPS of $0.77 on $6.17 billion revenue. Other stocks showed significant movement: Connexa Sports Technologies Inc. (CNXA) regained Nasdaq compliance, surging 204%; Minim, Inc. (MINM) rose 76.4% after a stake disclosure; Powell Industries, Inc. (POWL) gained 49% on strong Q1 results and dividend raise. Notable losers included Nuvve Holding Corp. (NVVE) dropping 65.8% after a public offering announcement, and New York Community Bancorp, Inc. (NYCB) falling 34.5% on disappointing Q4 results and dividend cut.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 6:18 pm

PNR

Seven analysts have recently updated their ratings on Pentair (NYSE:PNR), with an average 12-month price target of $80.57, reflecting a 3.83% increase from the previous target. The ratings range from 'Outperform' to 'Neutral', with price targets adjusted both upwards and downwards. Pentair, a global water treatment leader, reported a revenue decline of -4.39% for the quarter ending September 30, 2023, but maintains a strong net margin of 13.09%. The company's ROE and ROA are below industry averages, and it has a higher debt-to-equity ratio of 0.69.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 6:00 pm

SWKS

Skyworks Solutions (NASDAQ:SWKS) received mixed analyst ratings over the past three months, with an average 12-month price target of $112.78, down 8.2% from the previous $122.86. Analysts' actions include both upgrades and downgrades, reflecting changing market dynamics and company performance. Skyworks Solutions, a semiconductor producer for wireless connectivity, has seen a revenue decline of -13.37% and exhibits financial metrics below industry averages, including net margin and ROE.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 6:00 pm

CNXA

Connexa Sports Technologies Inc. (NASDAQ:CNXA) shares surged after the company announced regaining compliance with Nasdaq's minimum shareholder equity rule. This was achieved through a $16.5 million investment from three non-US investors. The investment involved the sale of common stock and pre-funded warrants at $0.20 per share. CEO Mike Ballardie welcomed the new investors and highlighted the importance of meeting Nasdaq's compliance requirements.

Portfolio Pulse from Erica Kollmann

January 31, 2024 | 5:53 pm

SINT

SINTX Technologies' stock is trading lower following the announcement of a $4 million public offering pricing.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:46 pm

GNPX

Genprex shares have declined following the announcement of a 1-for-40 reverse stock split. This corporate action is often perceived negatively as it may indicate underlying issues with the company's stock, such as trying to meet exchange listing requirements or to improve the stock's appeal to investors by increasing the price per share.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:45 pm

AAPL

AMD

CIFR

EXTR

MARA

NVDA

QCOM

SMCI

STM

WOLF

Today's session revealed significant options activity for several technology stocks, with whale alerts indicating large transactions. AMD, AAPL, NVDA, MARA, CIFR, QCOM, STM, EXTR, WOLF, and SMCI had notable put and call sweeps with varying sentiments and expiration dates. The activity suggests that large investors are making strategic bets on these companies' future stock movements, which could influence the short-term price direction of their stocks.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:35 pm