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SMTC

Semtech Corporation (NASDAQ:SMTC) reported a Q4 loss but saw its shares rise 6.6% after analysts upgraded their price targets. Despite missing earnings and sales estimates, the company's CEO remains optimistic about growth, particularly in the infrastructure market. Analysts from Needham, Susquehanna, Piper Sandler, Stifel, Baird, Craig-Hallum, and Northland Capital Markets raised their price targets on Semtech, citing positive outlooks.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:59 pm

CMPS

COMPASS Pathways shares surged following Morgan Stanley's initiation of coverage with an Overweight rating and a $30 price target.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:57 pm

ZIMV

ZimVie's stock price increased following the completion of its Spine business sale to an H.I.G. Capital affiliate for $375 million.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:53 pm

OXM

Oxford Industries, Inc. (NYSE:OXM) reported Q4 results below market expectations and provided weak guidance for Q1 and FY24. Adjusted earnings were $1.90 per share on sales of $404.40 million, missing estimates. FY24 earnings guidance is $9.30 to $9.70 per share with revenue expectations of $1.63 to $1.67 billion, both below market estimates. Shares fell 4% to $107.90. Analysts from Telsey Advisory Group, UBS, and Citigroup adjusted their price targets and ratings post-earnings.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:51 pm

CURV

Torrid Holdings Inc. (NYSE:CURV) reported Q4 financial results surpassing expectations with a GAAP loss of 4 cents per share against an expected 7 cents loss and sales of $293.5 million against estimates of $274.827 million. CEO Lisa Harper highlighted improvements in business fundamentals and positive customer response to new merchandise collections. Despite exceeding guidance, Torrid's shares fell 3.7% after projecting Q1 and FY24 sales below market estimates. Telsey Advisory Group and Goldman Sachs raised their price targets on Torrid following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:44 pm

GILD

GLPG

Bank of America Securities downgrades Galapagos NV (NASDAQ:GLPG) to underperform, citing a slow pipeline progress, lack of near-term catalysts, and entry into crowded markets. The firm lowered its price target from $41 to $31. Galapagos faces challenges with its primary cancer pipeline, significant cash depletion, and risks from acquiring early-stage assets. Despite aiming for a swift 7-day manufacturing turnaround for its CAR-T treatments, competitors like Gilead Sciences Inc (NASDAQ:GILD) are also improving their processes, reducing Galapagos' commercial opportunity.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 6:37 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) shares fell after disclosing a $58.19 million net loss for 2023 and warning of continued losses. Despite a successful merger with Digital World and a market cap of nearly $7 billion, the company's financial struggles include a significant interest expense and a decrease in cash reserves. Trump Media anticipates ongoing operating losses as it aims to grow its user base and attract more advertisers, relying on the appeal of the Truth Social Platform. Trump owns 57.3% of the shares, a significant portion of his net worth, with potential to receive more shares if stock targets are met.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 6:33 pm

CXAI

EIGR

NVVE

VSTE

ZPTA

Nuvve Holding Corp. shares plummeted by approximately 30% after reporting Q4 financial results significantly below market expectations. Other stocks experienced notable movements, with Vast Renewables and CXApp Inc. leading the gainers, while Eiger BioPharmaceuticals and Andretti Acquisition Corp. were among the biggest losers.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:31 pm

TSM

A significant number of investors have shown interest in Taiwan Semiconductor (NYSE:TSM) options, with a mix of bearish and bullish sentiments. Benzinga's options scanner revealed 74 unusual trades, indicating a split sentiment with 48% bullish and 51% bearish. The trades include 21 puts and 53 calls, with a focus on a price range of $90.0 to $200.0 for TSM. The largest trades include both calls and puts with varying sentiments and strike prices. Taiwan Semiconductor, a leading chip foundry with a substantial market share, has seen its stock price increase by 3.23% to $140.44. The company is approaching its next earnings report in 17 days, with an analyst from Bernstein maintaining an Outperform rating and a target price of $150.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:31 pm

AR

Antero Resources (NYSE:AR) has significantly outperformed the market with an average annual return of 26.71% over the past 5 years, turning a $100 investment into $348.81 today. The company currently has a market capitalization of $8.93 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:30 pm