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OCTO

Eightco Holdings Inc. (NASDAQ:OCTO) announced the cancellation of the Forever 8 2022 merger earnout consideration, initially valued at $6.1M with a potential of up to $37M. This cancellation, effective March 17, 2024, is expected to improve the company's shareholder equity by over $7M. CEO Paul Vassilakos emphasized the move strengthens Eightco's balance sheet and capital structure, supporting future growth.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:33 pm

STI

Solidion Technology, Inc. (NASDAQ:STI) introduced its BEEP technology for solid-state batteries, aiming to revolutionize the electric vehicle (EV) industry by solving major design and manufacturing challenges. The BEEP platform enables the production of high-voltage, high-capacity battery packs with reduced weight, volume, and cost by simplifying the battery's structure. This technology is expected to facilitate the commercialization of solid-state batteries, offering advantages such as safety, fast charging, and extended range. Solidion's parent company, Global Graphene Group, has been recognized for its leading position in solid-state battery IP.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:33 pm

SCSC

ScanSource has announced a new $100M share purchase authorization, supplementing the existing authorization with approximately $45 million remaining as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:32 pm

TBIO

Telesis, trading under the symbol TBIO, announced a 1-for-18 reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:21 pm

ALZN

Alzamend Neuro, Inc. (NASDAQ:ALZN) has announced the termination of its at-the-market equity offering program to avoid uncertainty and unfavorable dilution for its stockholders. The program, in partnership with Ascendiant Capital Markets, LLC, will officially end on May 16, 2024, with no further sales of common stock. Through this program, Alzamend raised approximately $1.3 million by selling 1,076,821 shares at an average price of $1.20 per share.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:20 pm

ODII

POWI

Power Integrations (NASDAQ:POWI) has announced an agreement to acquire the assets of Odyssey Semiconductor Technologies (OTCQB:ODII), a developer of vertical gallium-nitride (GaN) transistor technology. This acquisition is aimed at enhancing Power Integrations' development of high-voltage, high-power GaN technology, supporting its PowiGaN technology roadmap. The transaction is expected to close in July 2024, with key Odyssey employees joining Power Integrations. This move is part of Power Integrations' strategy to achieve cost parity with silicon MOSFETs and expand the voltage and power capabilities of its GaN technology.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:16 pm

SGH

SMART Global Holdings (NASDAQ: SGH) has received updated analyst ratings, indicating a positive outlook with an average 12-month price target of $27.12, reflecting an 8.48% increase from the previous target. Analysts from Needham and Stifel have maintained or raised their ratings, citing the company's solid revenue growth, impressive net margin, and effective asset utilization. Despite a high debt-to-equity ratio, SGH's financial health appears robust, with a notable performance in revenue growth and profitability metrics.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 12:00 pm

WES

Western Midstream (NYSE:WES) has received varied analyst ratings over the last three months, with a recent shift towards a more bullish outlook. Four analysts have updated their ratings, leading to an increase in the average 12-month price target to $35.75, up from $31.50. This reflects a 13.49% increase and is based on improved company performance and market conditions. Western Midstream, engaged in midstream energy assets, has shown notable revenue growth, a high net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 12:00 pm

AORT

Artivion (NYSE:AORT) has received consistent bullish ratings from 4 analysts over the past quarter, with a recent update showing an average 12-month price target of $25.5, marking a 10.87% increase from the previous target of $23. The company has shown impressive revenue growth of 17.98% as of December 31, 2023, and outperforms industry standards in net margin and ROE, despite challenges in debt management.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 12:00 pm

TDC

Analysts have varied opinions on Teradata (NYSE:TDC), with recent ratings ranging from bullish to bearish. Over the past quarter, sentiments have shifted, with a notable decline in the average 12-month price target from $55.62 to $49.11, reflecting a 11.7% decrease. Analyst actions include lowering and raising price targets, indicating a dynamic perception of Teradata's market position. Despite this, Teradata's financial performance shows challenges in revenue growth, profitability, and debt management compared to industry peers.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 12:00 pm