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ARM

The article provides a comprehensive evaluation of ARM Holdings (NASDAQ:ARM) against its competitors in the Semiconductors & Semiconductor Equipment industry. ARM Holdings has a high PE ratio, PB ratio, and PS ratio, indicating that the stock is trading at a premium. However, the company has a low ROE, EBITDA, gross profit, and revenue growth, suggesting lower profitability and slow sales growth. ARM Holdings has a lower debt-to-equity ratio compared to its top 4 peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:00 pm

NUZE

NuZee Inc's shares have dropped by 46% to $2.77 following the company's pricing of a $1.275 million underwritten public offering of 425,000 shares at $3.00 per share. Maxim Group LLC is managing the offering, which is expected to close around October 20. NuZee's 52-week high is $21.35 and its low is $2.61.

Portfolio Pulse from Henry Khederian

October 19, 2023 | 3:35 pm

QCOM

Qualcomm's Nakul Duggal has stated that the company is working with a number of companies in China and many Japanese OEMs. He also mentioned that Qualcomm will invest and jointly develop projects, building something together.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:34 pm

NXU

Nxu, Inc. (NASDAQ:NXU) shares dropped by 40.3% after the company announced a public offering of 86 million shares of Class A common stock at a price of $0.035 per share. The company aims to raise around $3 million from this offering, with the closing date set for October 23. Maxim Group LLC is the sole placement agent for this offering.

Portfolio Pulse from Henry Khederian

October 19, 2023 | 3:31 pm

NXU

Nxu has announced a $3 million public offering of common stock, with 86 million shares being offered at an average price of $0.035 per share. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:23 pm

BACHF

CILJF

SIOLY

SWRAY

Three Hong Kong-based companies made significant announcements. Sino-Ocean Group Holding Limited (OTC:SIOLY) requested another week to make a bond interest payment, which could negatively impact its parent company, China Life Insurance Co Ltd (OTC:CILJF). Bank of China Limited (OTC:BACHF) issued a prospectus for a $1.6 billion medium term note, indicating a potentially stronger outlook. Swire Pacific Limited (OTC:SWRAY) issued a prospectus for a $5 billion medium term note offering, which could strengthen its position against struggling rivals.

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 3:20 pm

MTX

Minerals Technologies Inc (NYSE:MTX) has doubled its regular quarterly dividend to $0.10 per share and authorized a new, one-year $75 million share repurchase program. The dividend is payable on December 7, 2023, to stockholders of record at the close of business on November 1, 2023. The company's shares traded higher by 6.30% at $53.30 on the last check Thursday.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 2:54 pm

LVS

Las Vegas Sands Corp (NYSE:LVS) shares are trading higher following better-than-expected Q3 financial results. The company reported Q3 revenue of $2.79 billion, beating estimates of $2.69 billion, and Q3 EPS of 55 cents, beating estimates of 53 cents. The company's board also authorized $2 billion in stock repurchases through 2025. Stifel analyst Steven Wieczynski maintained a Buy rating for LVS and raised the price target from $69 to $70.

Portfolio Pulse from Adam Eckert

October 19, 2023 | 2:53 pm

SMTC

Semtech Corporation has announced a $250 million private placement offering, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:27 pm

LVS

Las Vegas Sands (NYSE:LVS) reported strong 3Q earnings, beating analyst estimates with a revenue of $2.8B, almost 3x last year's level. Adjusted property EBITDA of $1.12B was above last quarter's $973MM and significantly higher than last year's $191MM. The company's focus on the high-margin premium mass market has paid off, with property-level EBITDA margins of 40.1%. The company has also increased its stock buyback authorization to $2B and re-initiated the dividend at $.20/quarter. The strong results and increased capital return to shareholders are expected to be positively received by the market.

Portfolio Pulse from Gary Brode

October 19, 2023 | 2:20 pm