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FN

Fabrinet (NYSE:FN) is set to report its Q4 financial results on Aug. 21, 2023. Analysts predict earnings of $1.80 per share, up from $1.68 per share a year ago, and revenue of $640.61 million, up from $587.87 million. The company's shares closed at $117.85 on Friday, up 1.4%. Several analysts have recently revised their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 1:32 pm

PSHG

Performance Shipping Inc. (NASDAQ:PSHG) has completed its $2 million share repurchase plan announced in April 2023, buying back 2,222,936 common shares. The company's Board of Directors has approved a new share repurchase plan, allowing the company to buy back up to $2 million of its outstanding common shares, approximately 12.2% of its market capitalization. The new plan is effective immediately and expires on August 31, 2024.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 1:31 pm

PKX

POSCO Holdings's (NYSE:PKX) short percent of float has risen 44.44% since its last report, with 1.98 million shares sold short, which is 0.65% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, POSCO has less short interest as a percentage of float, which is 3.84% on average.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 1:30 pm

TSM

Taiwan Semiconductor's (NYSE:TSM) short percent of float has risen 3.7% since its last report, with 14.73 million shares sold short, which is 0.28% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Taiwan Semiconductor has less short interest as a percentage of float, with an average of 4.53%.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 1:30 pm

AMAT

Applied Mat's (NYSE:AMAT) short percent of float has risen 24.24% since its last report, with 20.65 million shares sold short, which is 2.46% of all regular shares available for trading. It would take traders 2.88 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.23%.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 1:30 pm

SKLZ

Skillz Inc (NYSE:SKLZ) shares are trading higher after the company authorized a $65 million buyback. The board also authorized management to explore options to repurchase up to $65 million of its outstanding debt through 10.25% senior secured notes due in 2026. The program is set to last for 12 months and will be funded by existing cash and equivalents. Despite this, Skillz shares are down approximately 28% year-to-date and more than 75% over a one-year period.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 1:28 pm

SKLZ

Skillz Inc.'s board has authorized a $65 million share repurchase program, leading to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:28 pm

FNVT

Finnovate Acquisition Corp has announced a business combination with Scage International Limited. The newly formed holding company, Pubco, will be listed on Nasdaq with all outstanding securities converted. The transaction represents a post-combination valuation of $1B.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:23 pm

PANW

Palo Alto Networks, Inc. (NYSE:PANW) reported better-than-expected Q4 earnings and issued a strong billings outlook for the year. Several analysts, including those from Deutsche Bank, Rosenblatt, JP Morgan, Raymond James, B of A Securities, UBS, BMO Capital, and RBC Capital, have raised their price targets on Palo Alto Networks following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 1:16 pm

APCX

Apptech Payments (APCX) has entered into an at-market offering agreement to potentially sell shares of its common stock up to $18 million. The shares will be offered by prospectus supplement.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:15 pm