Intel is making job cuts as part of its efforts to reduce spending while waiting for a sales rebound. The chipmaker is focusing on cost reductions and margin improvements through various initiatives. The company did not specify the number of jobs being eliminated or in which areas, but each business unit is making decisions on … Read more
Seasoned technology investor Paul Wick of Seligman Investments has been reducing his holdings in Nvidia Corp. in recent times. During a video call at a UBS Group event in Singapore, Wick expressed doubts about Nvidia’s future earnings growth, comparing it to Cisco Systems during the dot-com bubble. He highlighted Nvidia’s reliance on its top customers … Read more
Paul Wick, an investor at Seligman Investments, has been reducing his holdings of Nvidia Corp. in recent weeks due to concerns about the company’s earnings growth potential. Wick, who has been in the technology sector for about thirty years, compared Nvidia’s situation to that of Cisco Systems Inc. during the dot-com bubble, citing high valuations … Read more
Juncture Wealth Strategies LLC reduced its holdings of Cisco Systems, Inc. shares by 34.2% in the first quarter, selling 5,935 shares. Other institutional investors like Norges Bank and Charles Schwab Investment Management Inc. have also bought and sold shares of Cisco Systems. Cisco Systems’ stock performance shows a market capitalization of $185.2 billion and a … Read more
Moody National Bank Trust Division decreased its stake in International Business Machines Co. (IBM) by 1.1% in the first quarter, selling 87 shares and owning 7,807 shares. Other investors also made changes to their positions in IBM, with increases seen in various stakes. IBM’s stock performance has shown a 1-year low of $129.18 and a … Read more
Cwm LLC, an institutional investor, decreased its stake in Oracle Co. shares by 2.3% in the first quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). This resulted in the company owning 313,314 shares of Oracle valued at $39,355,000. Other investors, such as Invst LLC, Nemes Rush Group LLC, Avidian … Read more
Kapitalo Investimentos Ltda decreased its stake in Oracle Co. by 48.3% in the fourth quarter, as reported in their recent disclosure to the Securities and Exchange Commission. The institutional investor sold 1,509 shares, resulting in their holdings being valued at $170,000. Several other hedge funds and institutional investors have made changes to their stakes in … Read more
Virtu Financial LLC decreased its stake in Cisco Systems, Inc. by 75.9% in the last quarter, according to the latest SEC filing. The company owned 8,156 shares of Cisco worth $412,000 after selling 25,683 shares. Several other hedge funds and institutional investors also bought and sold shares of Cisco Systems recently. Cisco Systems trading increased … Read more
During the fourth quarter, Pinebridge Investments LP reduced its stake in Hewlett Packard Enterprise by 27.3%, selling 89,123 shares. Other large investors also bought and sold shares, such as Cibc World Markets Corp and Colorado Public Employees Retirement Association. Crossmark Global Holdings Inc, Tower Research Capital LLC TRC, and Blueshift Asset Management LLC also made … Read more
Google recently removed members of its Legal Investigations Support team, responsible for verifying government requests for users’ private data, raising concerns about the company’s ability to protect customer data. Approximately 20 team members were laid off or forced to relocate, which may lead to delays in responding to search warrants and other requests. The cuts … Read more