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, /PRNewswire/ -- NetEase Cloud Music Inc. (HKEX: 9899 or the "Company"), a leading interactive music streaming service provider in China, today announced its financial results for the first half of 2026 ended June 30, 2026.

Summary of Key Financial Metrics 
(RMB in thousands, unless otherwise stated)

Six months ended 30 June

2026

2025

(Unaudited)

(Unaudited)

Revenue

3,958,706

3,827,117

Gross profit

1,474,409

1,392,485

Operating profit

746,232

844,506

Profit before income tax

930,894

1,068,060

Profit for the period

809,236

1,882,142(1)

Non-IFRS Measure(2):

Adjusted operating profit

796,652

905,360

Adjusted net profit

859,656

1,946,353(1)

Note:

(1) During the period ended 30 June 2025, the Group recognised a deferred income tax credit of RMB849.4 million which primarily arose from the recognition of deferred tax assets in respect of cumulative tax losses incurred by a wholly-owned subsidiary. These tax losses are available to be carried forward against future taxable income. Deferred tax assets relating to tax losses and temporary differences are recognised to the extent that it is probable that future taxable profit will be available against which the temporary differences or tax losses can be utilised.

(2) Adjusted operating profit and adjusted net profit are defined as operating profit and profit for the period attributable to the equity holders of the Company adjusted by adding back equity-settled share-based payments as appropriate. For details of the reconciliation of the operating profit and the profit for the period attributable to the equity holders of the Company to the adjusted operating profit and the adjusted net profit of our Group, see the section headed "Financial Review" below.

First Half 2026 Key Financial Highlights

Revenue was RMB4.0 billion, an increase of 3.4% compared with RMB3.8 billion for the same period of 2025. Online music services: Revenue from online music services was RMB3.1 billion, an increase of 3.4% compared with RMB3.0 billion for the same period of 2025. Revenue from sales of membership subscriptions increased to RMB2.6 billion from RMB2.5 billion for the same period of 2025. Social entertainment services and others: Revenue from social entertainment services and others was RMB891.3 million, an increase of 3.7% compared with RMB859.8 million for the same period of 2025. Gross profit was RMB1.5 billion, a slightly increase of 5.9% compared with RMB1.4 billion for the same period of 2025. Gross margin improved to 37.2% from 36.4% for the same period of 2025. This was primarily due to increased revenue from our online music services. Operating profit was RMB746.2 million, compared with RMB844.5 million for the same period of 2025. This was primarily due to the increase in promotion and advertising expenses to enhance brand awareness and user acquisition. Adjusted operating profit was RMB796.7 million, compared with RMB905.4 million for the same period of 2025. Net profit reached RMB809.2 million, compared with net profit of RMB1,882.1 million for the same period of 2025. Adjusted net profit reached RMB859.7 million, compared with adjusted net profit of RMB1,946.4 million for the same period of 2025. The decrease was primarily due to the deferred tax credit of RMB849.4 million for the six months ended 30 June 2025 arising from the initial recognition of deferred tax assets in respect of cumulative tax losses, as these losses were utilised against taxable profits in the current period. Business Overview

We began 2026 by further strengthening our core online music business, prioritising exceptional user experiences, distinctive content and our vibrant music community to support healthy, steady growth. We continued to diversify our content offerings, improve personalised recommendations and innovate product features, enhance the platform's aesthetic and emotional appeal and boost community engagement, while enriching our membership benefits. Our platform continues to be widely recognized by music enthusiasts, demonstrating steady improvement in user engagement and loyalty. These enhancements reinforce NetEase Cloud Music's distinctive community ecosystem and brand perception, underscoring the platform's inherent value and long-term sustainable growth potential.

We continued to strengthen our music-centric community ecosystem, with enhancements to the user experience and strong brand perception driving higher user engagement and thus a larger daily active user base in the first half of 2026. Our DAU/MAU ratio remained above 30%, increasing both year-over-year and sequentially. The average daily mobile music listening time rose steadily, and community content consumption and interaction penetration rates also increased notably. In particular, we improved retention and renewal rates across our expanded membership base both year-over-year and sequentially, reflecting stronger user loyalty and connection to the platform. We remain dedicated to engaging young music lovers. Our distinctive music content and experiences, trendsetting aesthetics, and unique emotional appeal continue to drive positive word-of-mouth. We expanded our presence across devices and scenarios, including collaboration with NetEase Games, broadening with more channels to reach and engage young audiences.

We have built a diverse and distinctive content library by expanding copyrighted music and promoting original music. Earlier this year, we renewed partnerships with major labels such as Universal Music Group. We added content from Korean and Chinese labels, as well as OSTs and variety show music, and enhanced our signature genres. Notably, original artist Gareth.T's new song "Glass" (《玻璃》) achieved industry-leading streaming performance on our platform, highlighting strong user affinity for our core genres. We also deepened our collaboration with labels to optimise content distribution and co-create value. In parallel, we remained committed to promoting original Chinese music, with recent in-house releases such as "12.31" earning widespread acclaim. Our unique ecosystem of independent artists continues to grow, offering expanded avenues for music creation and promotion.

In terms of products, we remained focused on user needs, advancing innovation across music discovery and consumption experiences while revitalizing community engagement. In the first half of 2026, we further refined our new product framework, making music exploration more intuitive and engaging. We further upgraded our self-developed AI generative recommendation model, Climber, and launched innovative functions, such as "AI-inspired Playlist" (AI靈感歌單), to address users' diverse music discovery preferences. We also innovated features such as several new player interfaces and the MV playback entrance on the vinyl player page, enriching users' audio-visual music journey. Meanwhile, we further boosted community interaction by upgrading the "Listen Together" (一起聽) feature, launching voice comments and enhancing our image- and text-based community ecosystem.

In the first half of 2026, our subscription-based membership revenue sustained steady growth, driven by an expanded subscriber base, though partially offset by monthly ARPPU (average revenue per paying user) dilution due to changes in the subscriber mix. We further refined our membership benefits built around content, features, dress-up privileges, as well as artist-related offerings. In addition to premium content, we offer more distinctive emotional experiences and innovative ways for users to interact. These enhancements supported both users' willingness to pay for premium experiences and membership retention.

Looking ahead, we will remain committed to enhancing the music experience and deepening user engagement across our platform by expanding high-quality content offerings, advancing product and feature innovation, and further strengthening our community. Our strategic priorities include the following initiatives:

Further diversifying and enhancing our differentiated content offerings, with greater efficiency. We plan to deepen collaborations with copyright holders and strengthen our independent artist incubation and in-house music production capabilities, focusing on our signature music genres; Optimising music listening experiences and recommendation features to meet users' needs and deliver ultimate music experience; Nurturing our music-oriented community ecosystem and exploring innovative inter-person interaction via enhancements to our comprehensive product offerings, including broadening communicative scenarios and ecology; Cultivating our users' willingness to pay and subscribe to premium offerings by improving user experience, deepening user engagement, enhancing membership privileges and broadening consumption scenarios; and Improving profitability through continued cost optimisation, operating efficiency enhancement and disciplined cost control. Diverse and differentiated content ecosystem

We are committed to expanding our distinctive content library by further diversifying our content mix across both licensed tracks and original music. We actively promote original Chinese music by supporting independent artists and developing in-house music. At the same time, we continue to advance music genres that resonate strongly with our users, including hip-hop and Western music.

Enhancing partnerships with copyright holders

Throughout the Reporting Period, we further strengthened our copyrighted content ecosystem, maintaining a disciplined and collaborative approach to renew major labels, expand offerings particularly in signature genres and deepen collaborations with artists.

Expansive catalogue of music labels. In the first half of 2026, we continued to enrich our copyrighted music catalogue by renewing strategic partnerships with major record labels such as Universal Music Group, Warner Music and CJ Entertainment, and added extensive Chinese content from partners such as Forward Music (豐華唱片), as well as K-Pop titles from labels including DSP Media. As a result, our library now features a wider selection of hit tracks from artists including Faye Wong (王菲), YOUNG POSSE, Lee Hyori and LNGSHOT. We also expanded our OST offerings by incorporating TVB drama soundtracks and music from several popular variety shows. Amplifying offerings in signature music genres. We further enriched our music library with high-quality selections across our signature genres such as hip-hop and Western music. These included the latest releases from hip-hop artists such as BENZO (李大奔), Melo, Boss Shady (謝帝), and emerging artists including Echo, Chun (春), and BroFA. We also expanded audience engagement across these genres through targeted artist initiatives, including offline events for BENZO's (李大奔's) new album "MODEL" and artist IP-themed virtual outfits. Furthermore, we advanced our copyright collaborations with popular Western artists such as Madilyn Bailey, DEMXNTIA, and Emma Stevens. In-depth collaborations with copyright partners. We deepened our cooperation with music labels and fostered mutual value creation through tailored campaigns designed to expand the reach and engagement of new releases. Gareth.T's new song "Glass" (《玻璃》) surpassed 100 million cumulative plays on NetEase Cloud Music, demonstrating strong user affinity for our signature genres such as R&B. For Western artists, we collaborated with Bruno Mars on an exclusive badge campaign tied to album listening, complemented by offline events, generating over 15 million streams. Also, our comprehensive campaign supporting Kanye West's album launch generated nearly 20 million total streams. Online and offline artist-centric activities. We worked closely with labels and artists to deliver artist-centric campaigns both online and offline, engaging younger audiences. During the period, we launched a series of integrated online and offline events centered around the Mayday anniversary, Hua Chenyu's (華晨宇's) birthday, Chris Lee's (李宇春's) concert tour, BENZO's (李大奔's) new album release, among others. We also promoted ticketing collaborations for MAMAMOO's 12th-anniversary tour, providing fans with a premium ticketing experience while supporting SVIP membership conversions. Additionally, we rolled out the innovative "Lyric Stamp" (歌詞郵票) feature, introducing 16 themed sets tailored to different contexts and scenarios, and upgraded our "Listen Together" (一起聽) function with artist participation. Strengthening our leading independent artists' ecosystem

Beyond licensed content, we continued to strengthen our independent artist ecosystem, supported by initiatives covering creation, distribution and commercial opportunities. By the end of June 2026, more than 1.25 million registered independent artists had contributed over 7.3 million tracks to our platform.

Supporting musicians in content creation.Through collaborations with original musicians and deeper integration with NetEase Games IPs, we connect original music creation with the gaming ecosystem. These efforts have produced several hit tracks, including "For the Next Goal" (《為下一球》), a World Cup-themed song by rapper Wang Yitai (王以太) for eFootball. Enhancing musician visibility and commercial opportunities. We advanced the NetEase Cloud Music Original Campus Tour, launching in April at Nanjing Agricultural University and hosting a graduation event in June at Guizhou Normal University, connecting artists directly with student audiences. We expanded commercial exposure for independent artists through collaboration with brands and IPs. Through partnership with the "HOPICO Music Awards," we created more opportunities for our independent musicians to perform at popular music festivals. Via the special collaboration series with JD, we co-created three concerts across different cities and musical genres, featuring artists including Jude Chiu (裘德), Vanessa Jin (金玟岐) and Orange Ocean (橘子海樂隊). Developing and promoting differentiated in-house music

Our in-house studios focus on producing distinctive, high-quality original music content to enrich our content matrix. In the first half of 2026, they successfully produced and popularised multiple hit songs that gained traction both across our community and on external platforms, such as "12.31".

Diversified audio-based content offerings

In addition to music, we expanded our audio offerings to cater to users' diverse interests. In the first half of 2026, our growing audio content library drove increased user consumption, with average listening time per user continuing to rise steadily.

PGC – audiobooks & radio dramas. We continued to expand our audiobook offerings by adding top-tier IP titles such as《斗羅大陸》and《元始法則》, alongside bestsellers like Mo Yan's (莫言's) new novel "People! !《人吶》," and the children's story "《貓平安逆襲傳奇》." Our in-house audiobooks like《靈境行者》have also become new hits on our platform. In terms of content cooperation, we have established stable partnerships with leading domestic copyright organizations – including Tomato Novel, and COL Group – consistently advancing our audiobook business toward higher quality and excellence. PUGC/UGC – podcast. Our podcast offerings focused on music-themed audio content and cultural podcast IPs, introducing over ten new podcast programs in the first half of 2026. We have partnered with Shan Jixiang (單霽翔) for his debut personal podcast "100 Events in the Century of the Palace Museum" (《故宮博物院百年百事》). We have also collaborated with musicians Li Runqi (李潤祺) and Si Nan (司南), as well as the well-known Japanese artist KOKIA, to produce music-themed podcasts. Additionally, we've welcomed hosts Chen Xiaonan (陳曉楠) and Li Sisi (李思思), author Liu Tong (劉同), and philosophy professor Chen Guo (陳果) to lead various podcast series. Furthermore, we launched a dedicated video podcast segment titled "Live Dialogues" (對話現場), featuring 13 high-quality video programs from labels such as "Midnightalks" (大內密談) and Story FM. Product innovation and community ecosystem

In the first half of 2026, we advanced personalised music discovery and listening experiences, introduced new AI-powered capabilities and expanded opportunities for users to interact around music, keeping our community vibrant. These enhancements improved user engagement, increased in-app music listening time, and drove greater user participation in community content, further deepening engagement across our platform.

Optimising users' music discovery and consumption experience

We continued to advance personalised recommendations and innovative features to make music discovery and listening more intuitive, personalised and engaging. In the first half of 2026, we introduced new features that give users more choices and better control over how they find, experience and interact with music.

Music content discovery and distribution. We are dedicated to providing users with a precise and personalised music journey. During the Reporting Period, we further refined the new framework within the NetEase Cloud Music App and expanded our AI-powered recommendation capabilities. The updated "Heartbeat Mode" (心動模式) page now displays the rationale behind song recommendations, providing users with greater context around personalised suggestions. We also upgraded Climber, our self-developed AI generative recommendation model, and introduced new, AI-powered music discovery features. For example, the AI-inspired playlist feature enables users to quickly generate custom algorithmic playlists, catering to diverse user needs. Enhancing the music consumption experience. We continued to broaden the ways users can personalise and experience music through new innovative audio-visual features. We launched several new player interfaces to drive consumption including the customisable "Diamond Player style" (鑽石播放器樣式), which features extensive DIY customisation options and has gained broad user adoption. We also promoted the "Full-Screen Cover" (全屏封面) player on the Heartbeat page and added direct access to music videos on the Vinyl Player page, offering a more immersive audio-visual experience. In addition, we introduced a series of AI-powered functions designed to create more personalised and emotionally engaging experiences, including the "AI Mood Tuner" (AI 情緒調音師) & "Mood Player" (情緒播放器), "AI Pet Player" (AI 寵物播放器), and "AIGC Personal Profile Backgrounds" (AIGC 個人主頁背景). Enhancing distinctive and evolving community

We further strengthened our distinctive and evolving music-oriented community by creating more ways for users to connect and interact around music. In the first half of 2026, we expanded and enhanced interactive scenarios across the platform, increasing the proportion of users consuming and interacting with community content. We upgraded the "Listen Together" (一起聽) feature, further strengthening the shared listening experience and sense of companionship for users, and introduced voice comments to enable richer interaction within comment sections. We also continued refining our music-inspired image- and text-based community ecosystem, which encouraged deeper community participation and engagement.

Expanding music consumption scenarios

We are committed to building a music consumption ecosystem across a broad range of scenarios, integrating music into everyday life, and making our music experience more accessible for younger audiences.

IoT layouts. In the first half of 2026, we continued to expand and refine a unified IoT multi-device experience, enhancing user reach and engagement. For in-vehicle use, we expanded our coverage to, among others, Chery, XPeng Robotaxi, and FAW Jiefang. For TVs, we introduced the "Spring Festival Lucky Journey" immersive experience and optimised the homepage layout and remote-control interface. For smartwatches, we added new player designs and watch faces. For PCs, we improved the desktop recommendation experience, added features like "AI Audio Master" (AI 調音大師) and enhanced compatibility for desktop use. Game collaborations. We continued to integrate NetEase Cloud Music into core gaming scenarios in NetEase Games' ecosystem, enriching in-game content experiences while conveying NetEase Cloud Music's brand essence, building cross-scenario user engagement and brand affinity. We expanded music features across diverse gameplay scenarios, providing users with multiple ways to access our music player within various game titles, including scenarios in Identity V, Where Winds Meet, Minecraft and Sky. Through these tailored collaborations, NetEase Cloud Music continues to strengthen its connections with younger users and enhance brand perception with this demographic. Conference Call

The Company's management will host an earnings conference call at 7:00 p.m. Beijing/Hong Kong Time on Thursday, August 20, 2026 (7:00 a.m. U.S. Eastern Time on the same day). Details for the conference call are as follows:

Event Title: NetEase Cloud Music Inc. First Half 2026 Earnings Conference Call
Registration Link: https://s1.c-conf.com/diamondpass/10056360-8au2z2.html

All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of dial-in numbers, an event passcode, and a personal access PIN, which will be used to join the conference call.

A replay of the call will be accessible by phone at the following numbers and entering PIN: 10056360. The replay will be available through August 27, 2026.

Chinese Mainland:

400-120-9216

Hong Kong:

800-930-639

United States:

1-855-883-1031

Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.music.163.com.

About NetEase Cloud Music Inc.

Launched in 2013 by NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), NetEase Cloud Music Inc. (HKEX: 9899) is a well-known online music platform featuring a vibrant content community. Dedicated to providing an elevated user experience, NetEase Cloud Music Inc. provides precise, personalised recommendations, promotes user interaction and creates a strong social community. Its focus on discovering and promoting emerging musicians has made NetEase Cloud Music Inc. a destination of choice for exploring new and independent music among music enthusiasts in China. The platform has been recognised as the most popular entertainment app among China's vibrant Generation Z community.

Please see http://ir.music.163.com/ for more information.

Forward Looking Statements

This press release contains forward-looking statements relating to the business outlook, estimates of financial performance, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realised in the future. Underlying these forward-looking statements are a lot of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements.

Non-IFRS Measure

To supplement our consolidated results, which are prepared and presented in accordance with International Financial Reporting Standards ("IFRS"), our Company uses adjusted operating profit and adjusted net profit as additional financial measures, which are not required by, or presented in accordance with IFRS. We believe that these measures facilitate comparisons of operating performance from period to period and company to company by eliminating the potential impact of items that our management does not consider to be indicative of our Group's operating performance, such as certain non-cash items. The use of these non-IFRS measures has limitations as an analytical tool, and shareholders and potential investors of our Company should not consider them in isolation from, as a substitute for, as an analysis of, or superior to, our Group's results of operations or financial condition as reported under IFRS. In addition, these non-IFRS financial measures may be defined differently from similar terms used by other companies, and may not be comparable to other similarly titled measures used by other companies. Our presentation of these non-IFRS measures should not be construed as an implication that our future results will be unaffected by unusual or non-recurring items.

Investor Enquiries:

Angela Xu
NetEase Cloud Music Inc.
[email protected]

SOURCE NetEase Cloud Music

Algebris UK Ltd. purchased a new stake in Corning Incorporated (NYSE:GLW – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,783 shares of the electronics maker’s stock, valued at approximately $1,727,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. E Fund Management Co. Ltd. bought a new position in Corning in the 2nd quarter valued at about $54,154,000. Puzo Michael J bought a new stake in shares of Corning during the 2nd quarter worth approximately $243,000. Geneva Partners LLC bought a new stake in shares of Corning during the 2nd quarter worth approximately $12,695,000. Madison Asset Management LLC acquired a new stake in shares of Corning during the 2nd quarter worth approximately $348,000. Finally, Csenge Advisory Group acquired a new stake in shares of Corning during the 2nd quarter worth approximately $941,000. Institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades GLW has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Bank of America raised their target price on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a report on Monday, July 6th. Morgan Stanley decreased their price target on Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen cut Corning from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Truist Financial upgraded Corning from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $205.00 to $175.00 in a research report on Sunday, August 2nd. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.08.

View Our Latest Stock Analysis on GLW Insider Activity at Corning In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares of the company’s stock, valued at $18,138,016. The trade was a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is owned by company insiders.

Corning Trading Down 4.6% NYSE GLW opened at $152.52 on Thursday. The company has a market cap of $131.38 billion, a price-to-earnings ratio of 69.64, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. Corning Incorporated has a twelve month low of $63.37 and a twelve month high of $271.78. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $175.94 and its 200 day moving average is $163.10.

Corning (NYSE:GLW – Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts expect that Corning Incorporated will post 3.27 EPS for the current fiscal year.

Corning Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio (DPR) is 51.14%.

Corning Company Profile (Free Report)

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.

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ABN AMRO Bank N.V. boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 13.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 99,652 shares of the manufacturing equipment provider’s stock after purchasing an additional 11,532 shares during the period. ABN AMRO Bank N.V.’s holdings in Applied Materials were worth $71,856,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Freedom LLC acquired a new position in shares of Applied Materials in the first quarter worth $28,000. Elevation Wealth Partners LLC increased its holdings in Applied Materials by 34.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider’s stock worth $67,000 after purchasing an additional 24 shares during the period. Cornerstone Financial Management LLC purchased a new stake in Applied Materials during the 4th quarter worth about $25,000. Whipplewood Advisors LLC raised its position in Applied Materials by 218.8% in the 1st quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider’s stock valued at $35,000 after purchasing an additional 70 shares in the last quarter. Finally, Wilkerson Advisory Group LLC acquired a new stake in Applied Materials in the 4th quarter valued at about $26,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades A number of brokerages have recently commented on AMAT. B. Riley Financial reissued a “buy” rating and set a $700.00 price objective (down from $790.00) on shares of Applied Materials in a research report on Friday, August 14th. Royal Bank Of Canada raised their price objective on shares of Applied Materials from $520.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Wall Street Zen raised Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research upgraded Applied Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Applied Materials from $515.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $659.83.

Read Our Latest Analysis on Applied Materials Insider Buying and Selling In other Applied Materials news, SVP Omkaram Nalamasu sold 24,263 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total value of $14,398,392.09. Following the transaction, the senior vice president directly owned 146,916 shares of the company’s stock, valued at approximately $87,184,361.88. The trade was a 14.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Timothy M. Deane sold 8,621 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the transaction, the senior vice president owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is currently owned by insiders.

Key Headlines Impacting Applied Materials Here are the key news stories impacting Applied Materials this week:

Positive Sentiment: Applied Materials was included in Zacks’ Rank #1 (Strong Buy) momentum list, reflecting continued favorable technical and fundamental sentiment after its substantial 2026 rally. Best Momentum Stock to Buy for August 19th Positive Sentiment: An analyst upgrade recently supported AMAT, while longer-term bullish arguments point to AI-driven semiconductor demand, a broad equipment portfolio and strong international revenue opportunities. Applied Materials Trading Higher Following Analyst Upgrade Neutral Sentiment: Applied Materials had surged about 98% in 2026 and 31% over three months, making it a major beneficiary of the AI-capital-spending trade but also leaving the stock vulnerable to profit-taking and shifts in expectations. Applied Materials Rockets 98% in 2026 Neutral Sentiment: Analysts remain constructive on AI-related growth and semiconductor demand, but AMAT’s premium valuation requires continued execution and strong forecasts to justify further gains. Should You Buy, Sell or Hold AMAT Stock Negative Sentiment: The immediate pressure is concentrated across chip-equipment names, including Applied Materials, Lam Research and Teradyne. Because the broader market is rising while the group sells off, investors appear concerned about the durability or timing of AI-related capital expenditures rather than interest rates alone. What Is Prompting the Selloff in Chip Equipment Stocks? Negative Sentiment: Investors are also questioning whether AMAT is “priced for perfection,” with its elevated earnings multiple increasing the risk of a sharper reaction to any slowdown in AI spending or semiconductor demand. Applied Materials Is Priced For Perfection Applied Materials Stock Down 3.5% Shares of NASDAQ:AMAT opened at $496.17 on Thursday. Applied Materials, Inc. has a 1-year low of $154.46 and a 1-year high of $739.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The stock has a market cap of $393.94 billion, a P/E ratio of 42.77, a P/E/G ratio of 1.11 and a beta of 1.61. The firm has a fifty day moving average price of $565.29 and a 200 day moving average price of $449.54.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the company posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts predict that Applied Materials, Inc. will post 12.65 EPS for the current year.

Applied Materials Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials’s dividend payout ratio (DPR) is 18.28%.

Applied Materials Company Profile (Free Report)

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

See Also Five stocks we like better than Applied Materials Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT – Free Report).

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Bank of America Corp DE cut its stake in Qualys, Inc. (NASDAQ:QLYS – Free Report) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,645 shares of the software maker’s stock after selling 65,233 shares during the period. Bank of America Corp DE owned about 0.59% of Qualys worth $18,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QLYS. Root Financial Partners LLC increased its holdings in Qualys by 206.2% during the 1st quarter. Root Financial Partners LLC now owns 297 shares of the software maker’s stock worth $26,000 after purchasing an additional 200 shares during the period. Strive Financial Group LLC purchased a new position in shares of Qualys in the 4th quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Qualys by 204.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $28,000 after buying an additional 143 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Qualys during the fourth quarter worth about $43,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Qualys by 37,400.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 375 shares of the software maker’s stock worth $50,000 after buying an additional 374 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

Qualys Price Performance
Shares of NASDAQ:QLYS opened at $186.68 on Thursday. The company’s fifty day moving average price is $148.18 and its 200 day moving average price is $115.16. Qualys, Inc. has a 12 month low of $74.51 and a 12 month high of $201.54. The firm has a market capitalization of $6.46 billion, a P/E ratio of 32.30 and a beta of 0.60.

Qualys (NASDAQ:QLYS – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. Qualys had a net margin of 29.38% and a return on equity of 37.52%. The company had revenue of $182.18 million during the quarter, compared to the consensus estimate of $178.57 million. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Qualys’s revenue for the quarter was up 11.1% on a year-over-year basis. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. On average, sell-side analysts anticipate that Qualys, Inc. will post 5.85 EPS for the current year.
Wall Street Analyst Weigh In
QLYS has been the subject of a number of recent research reports. Scotiabank lifted their price target on shares of Qualys from $190.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Morgan Stanley increased their price objective on shares of Qualys from $115.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Northland Securities set a $208.00 price objective on shares of Qualys in a research report on Wednesday, August 5th. Robert W. Baird set a $160.00 target price on shares of Qualys in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised Qualys from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.53.

View Our Latest Research Report on Qualys

Insider Transactions at Qualys
In other Qualys news, insider Bruce K. Posey sold 1,000 shares of Qualys stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $155.00, for a total transaction of $155,000.00. Following the transaction, the insider owned 63,571 shares of the company’s stock, valued at $9,853,505. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Thomas Berquist sold 939 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $110.75, for a total value of $103,994.25. Following the completion of the sale, the director owned 6,781 shares of the company’s stock, valued at approximately $750,995.75. This represents a 12.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 71,979 shares of company stock worth $9,217,993. 0.72% of the stock is owned by corporate insiders.

Qualys Company Profile
(Free Report)

Qualys, Inc (NASDAQ: QLYS) is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company’s flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.

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Aurora Investment Counsel bought a new stake in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,536 shares of the data storage provider’s stock, valued at approximately $2,095,000.

Several other large investors also recently modified their holdings of the stock. Park Square Financial Group LLC raised its holdings in shares of NetApp by 68.7% in the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 103 shares during the period. Gen Wealth Partners Inc bought a new position in NetApp during the fourth quarter valued at $30,000. DV Equities LLC purchased a new stake in NetApp in the fourth quarter worth $30,000. Roble Belko & Company Inc purchased a new stake in NetApp in the first quarter worth $31,000. Finally, Torren Management LLC bought a new stake in shares of NetApp in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Wall Street Analysts Forecast Growth A number of brokerages have recently commented on NTAP. The Goldman Sachs Group reaffirmed a “buy” rating and set a $200.00 price target on shares of NetApp in a research report on Tuesday, June 2nd. Susquehanna lifted their price objective on NetApp from $110.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Wall Street Zen cut NetApp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 29th. Northland Securities upped their price objective on shares of NetApp from $137.00 to $171.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Wells Fargo & Company lifted their target price on shares of NetApp from $115.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $177.25.

View Our Latest Stock Report on NTAP Insider Transactions at NetApp In other news, President Cesar Cernuda sold 2,608 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $204.48, for a total value of $533,283.84. Following the completion of the transaction, the president directly owned 46,530 shares in the company, valued at approximately $9,514,454.40. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $193.82, for a total transaction of $193,820.00. Following the completion of the transaction, the executive vice president owned 30,297 shares of the company’s stock, valued at $5,872,164.54. This trade represents a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 55,297 shares of company stock valued at $8,758,016. 0.36% of the stock is currently owned by corporate insiders.

NetApp Trading Down 5.0% NASDAQ:NTAP opened at $194.48 on Thursday. NetApp, Inc. has a 1 year low of $93.69 and a 1 year high of $209.06. The stock’s fifty day moving average price is $171.67 and its two-hundred day moving average price is $133.81. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.44 and a quick ratio of 1.39. The company has a market cap of $38.16 billion, a P/E ratio of 30.58, a P/E/G ratio of 3.67 and a beta of 1.45.

NetApp (NASDAQ:NTAP – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.24). NetApp had a net margin of 18.43% and a return on equity of 117.23%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the firm posted $1.93 earnings per share. NetApp’s revenue for the quarter was up 12.5% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, analysts expect that NetApp, Inc. will post 7.3 EPS for the current year.

NetApp Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Friday, July 10th were given a dividend of $0.52 per share. The ex-dividend date was Friday, July 10th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. NetApp’s dividend payout ratio is currently 32.70%.

NetApp Profile (Free Report)

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.

Featured Articles Five stocks we like better than NetApp Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding NTAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetApp, Inc. (NASDAQ:NTAP – Free Report).

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ARRAY to highlight strategy to expand beyond trackers through technically integrated, interoperable energy infrastructure solutions  | Source: Array Technologies, Inc.

ALBUQUERQUE, N.M., Aug. 20, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, will host its previously announced APA Investor Technology Showcase today, Thursday, August 20, 2026, beginning at 9:00 a.m. ET.

During the event, CEO Kevin Hostetler and ARRAY’s leadership team, including senior members of APA Solar’s (APA) leadership team will detail the Company’s strategy to evolve from a pure-play tracker company into a more technically integrated energy infrastructure platform. Management will also discuss APA’s progress approximately one year following its acquisition, including its long-term financial profile and growth opportunities.

Key themes of the APA Investor Technology Showcase will include:

Building a more integrated balance-of-system platform: Expanding across foundations, trackers, wire management, controls, software and AI, with technical interoperability and integrated engineering at the center of ARRAY’s strategy.Delivering on the APA investment thesis: Highlighting APA’s progress approximately one year post-acquisition, including integration, commercial momentum, realized synergies and opportunities for continued profitable growth.Expanding addressable market and share of wallet: Extending into critical layers of utility-scale solar infrastructure through APA and following the expected close of the Company’s pending acquisition of Affordable Wire Management (AWM)(1), creating opportunities to earn a greater project share.Responding to complex customer needs through differentiated innovation: Advancing technically integrated solutions that simplify installation, reduce project risk and improve total cost of ownership, anchored by five major product launches in 2026.Executing a disciplined capital allocation strategy: Balancing continued investment in organic growth, while strengthening its capital structure and pursuing disciplined strategic M&A. “ARRAY is evolving beyond trackers into a technically integrated energy infrastructure platform, building on the engineering, innovation and customer partnerships that have long differentiated our business,” said Kevin Hostetler, Chief Executive Officer of ARRAY Technologies. “By bringing together complementary technologies that are engineered to work together, we believe we can deliver greater value to our customers, increase our project share and create additional opportunities for profitable growth. APA is tangible evidence of that strategy in action, and our pending acquisition of AWM represents another important step in expanding our platform. We see significant opportunity to continue building on this model over time.”

Registration for the live webcast is available through the Investor Relations section of the Company's website at investors.arraytechinc.com. The webcast will begin at 9:00 a.m. ET, and an archived replay of the event will be available following its conclusion.

(1) The transaction is expected to close in the third quarter of 2026, subject to receiving any required regulatory approvals and the satisfaction of other customary closing conditions

About ARRAY Technologies
ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customers, who construct, develop, and operate solar PV sites. With solutions engineered to withstand the harshest weather conditions, ARRAY’s high-quality solar trackers, fixed-tilt systems, software platforms, foundation solutions, and field services combine to optimize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology - relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit arraytechinc.com.

Investor Relations Contact:
Investor Relations
505-437-0010
[email protected]

Media Contact:
Steven Kirsch
505-738-6923
[email protected]

Forward Looking Statements
This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, technology or product developments, financing and investment plans, dividend policy, competitive position, industry and regulatory environment, including potential regulatory reform related to energy credits, uncertainty relating to the implementation of tariffs and changes in trade policy, including the reduction or elimination of certain government incentives, ability to provide 100% domestic content trackers, expectations regarding the macroeconomic environment and geopolitical developments, including the effects of tariffs and changes in trade policy, potential growth opportunities and the effects of competition. Forward-looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would,” “positioned,” “designed to” or similar expressions and the negatives of those terms.

Our actual results and the timing of events could materially differ from those anticipated in such forward-looking statements as a result of certain risks, uncertainties and other factors, including without limitation: changes in growth or the rate of growth in demand for solar energy projects; factors outside of our control affecting the variability and demand for solar energy, including but not limited to, the retail price of electricity, availability of in-demand components like high-voltage breakers, various policies related to the permitting and interconnection costs of solar plants, and the availability of incentives for solar energy and solar energy production systems, which makes it difficult to predict our future prospects; competitive pressures within our industry; competition from conventional and renewable energy sources; a loss of one or more of our significant customers, their inability to perform under their contracts, or their default in payment; a drop in the price of electricity derived from the utility grid or from alternative energy sources; fluctuations in our results of operations across fiscal periods, which could make our future performance difficult to predict and could cause our results of operations for a particular period to fall below expectations; any increase in interest rates, or a reduction in the availability of tax equity or project debt capital in the global financial markets, which could make it difficult for customers to finance the cost of a solar energy system and reduce the demand for our products; existing electric utility industry policies and regulations, and any subsequent changes or new related policies and regulations, including as a result of the One Big Beautiful Bill Act, which may present technical, regulatory and economic barriers to the purchase and use of solar energy systems and may significantly reduce demand for our products or harm our ability to compete; the interruption of the flow of materials from international vendors, which could disrupt our supply chain, including as a result of the imposition of new and/or additional duties, tariffs and other charges or restrictions on imports and exports; changes in the global trade environment, including the continuation or imposition of import tariffs or other import restrictions; geopolitical, macroeconomic and other market conditions unrelated to our operating performance including but not limited to a pandemic, the Russia-Ukraine war, attacks on shipping in the Red Sea and Strait of Hormuz, conflict in the Middle East (including, but not limited to, the war in Iran), changing trade policies, inflation and interest rates; our ability to convert our orders in backlog into revenue; the reduction, elimination or expiration, or our failure to optimize the benefits of government incentives for, or regulations mandating the use of, renewable energy and solar energy, particularly in relation to our competitors, which could reduce demand for solar energy systems; failure to, or incurrence of significant costs in order to, obtain, maintain, protect, defend or enforce, our intellectual property and other proprietary rights; delays in construction projects and any failure to manage our inventory; significant changes in the cost of raw materials; disruptions to transportation and logistics, including increases in shipping costs; defects or performance problems in our products, which could result in loss of customers, reputational damage and decreased revenue; delays, disruptions or quality control problems in our product development operations; the development, deployment and commercialization of new products, including DuraTrack D2STM, OmniTrack 2.0, the 60 degree variant of DuraTrack, and our ARRAY AtlasTM suite of foundation-to-tracker solutions; our ability to retain our key personnel or failure to attract additional qualified personnel; additional business, financial, regulatory and competitive risks due to our continued planned expansion into new markets; cybersecurity or other data incidents, including unauthorized disclosure of personal or sensitive data or theft of confidential information and the use of artificial intelligence by cyber threat actors; a failure to maintain an effective system of integrated internal controls over financial reporting, which may impair our ability to report our financial results accurately; our substantial indebtedness, risks related to actual or threatened public health epidemics, pandemics, outbreaks or crises; changes to laws and regulations, including changes to tax laws and regulations, that are applied adversely to us or our customers; our ability to complete the acquisition of Affordable Wire Management, LLC (“AWM”) on the anticipated terms and timetable, including the possibility that closing conditions may not be satisfied or waived; our ability to successfully integrate APA Solar, LLC (“APA”) and AWM into our existing operations, realize the anticipated benefits or synergies of the acquisitions of APA and AWM and achieve strategic and other objectives relating to the acquisitions; risks related to any unforeseen liabilities of AWM;  and other factors listed and described in more detail in the section captioned “Risk Factors” in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and our other documents on file with the U.S. Securities and Exchange Commission.

Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this presentation. You should read this presentation with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Infobahn, TNL Mediagene's wholly owned Japanese subsidiary, has begun offering enterprise clients in Japan an organizational design and human capital development service delivered on Miro's AI-powered visual workspace

The service applies Infobahn's design methods — including design thinking, service design, vision design, and prototyping — within Miro-powered workspace supporting MCP integration, multi-modal functions, and real-time collaboration

The launch follows the partnership between Infobahn and Miro announced in July 2026, and supports TNL Mediagene's strategy to expand AI-powered services within its digital studio business

Tokyo, Japan--(Newsfile Corp. - August 20, 2026) - TNL Mediagene (NASDAQ: TNMG) (the "Company"), a technology and digital media company providing AI-driven advertising, marketing technology, content commerce, and data analytics solutions, today announced that its wholly owned subsidiary, Infobahn, has begun delivering an enterprise organizational design and human capital development service to clients in Japan, built on Miro's AI-powered visual workspace.

The service follows the partnership between Infobahn and Miro announced in July 2026. It applies Infobahn's cultivated design methods — including design thinking, service design, vision design, insight exploration, value structuring, and prototyping to verification and improvement — to Miro's AI-driven workspace, which features capabilities such as MCP* integration, multi-modal functions, real-time collaboration, and consensus-building spaces. Infobahn is a Japan-based digital studio under the Company's umbrella. With over 28 years of business operations spanning communication design and innovation design, it serves leading Japanese companies and multinational corporations as clients.

Following the previous partnership announcement with Miro, this expansion focuses on translating the collaboration into repeatable enterprise engagements that can be deployed across organizational design, talent development, and AI-enabled workflow transformation. The service is designed to help enterprise clients strengthen cross-functional alignment and accelerate practical decision-making. The Company's digital studio business is a strategic focus area and, as reported in the Company's Annual Report on Form 20-F for fiscal year 2025, represented its largest revenue segment. The Company began offering AI-powered services within this business in the fourth quarter of fiscal year 2025.

"Enterprise transformation requires more than merely introducing generative AI tools into existing processes. It requires organizations to reconsider how teams collaborate, make decisions, develop talent, and translate strategy into execution," said Motoko Imada, Chief Executive Officer of TNL Mediagene. "By combining our established design expertise with AI-enabled visual collaboration, we intend to help our enterprise clients in Japan modernize their organizational workflows while maintaining a strong focus on practical implementation and measurable business outcomes."

"This initiative is a direct extension of the strategic direction we outlined for FY2026: increasing our focus on higher-value digital studio business and developing AI-powered offerings that complement our existing capabilities," said Joey Chung, President of TNL Mediagene. "By building on the experience within Infobahn and making those capabilities scalable, we aim to deepen enterprise client relationships in Japan."

* MCP (Model Context Protocol): A common standard for connecting AI with external tools and data. This mechanism eliminates the need to develop solutions for each individual system and enables AI to integrate securely and flexibly with various external services.

About TNL Mediagene

Headquartered in Tokyo, TNL Mediagene (NASDAQ: TNMG) is a technology company providing AI-powered advertising, marketing technology, content commerce, and data analytics solutions to brands and agencies across Asia. Formed in May 2023 through the merger of Japan's Mediagene Inc. and Taiwan's The News Lens Co., Ltd., the Company combines advertising and marketing technology platforms with a portfolio of established digital media brands to deliver integrated solutions for the evolving digital landscape.

The Company's technology offerings include AI-driven advertising, marketing and digital studio services, content commerce, and advanced data analytics capabilities. These solutions are supported by the Company's well-established multi-language digital media brands in Japanese, Chinese, and English, spanning business, technology, lifestyle, and culture, which provide audience engagement and first-party data.

Known for its appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 480 employees with offices in Japan and Taiwan.

https://www.tnlmediagene.com/

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "aim," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's management. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's Annual Report on Form 20-F filed on April 30, 2026, as may be supplemented or amended by the TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.

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Aurora Investment Counsel acquired a new stake in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,785 shares of the industrial products company’s stock, valued at approximately $1,475,000.

Other hedge funds have also added to or reduced their stakes in the company. First National Bank of Omaha purchased a new stake in shares of AptarGroup in the second quarter worth $1,061,000. Meeder Advisory Services Inc. purchased a new position in shares of AptarGroup in the 2nd quarter worth about $225,000. Nuance Investments LLC bought a new position in AptarGroup in the 2nd quarter worth about $22,933,000. BlackRock Inc. bought a new position in AptarGroup in the 2nd quarter worth about $768,464,000. Finally, Deutsche Bank AG purchased a new stake in AptarGroup during the 2nd quarter valued at about $14,903,000. 88.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets ATR has been the subject of a number of analyst reports. Zacks Research upgraded shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Wells Fargo & Company increased their price target on shares of AptarGroup from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Bank of America raised shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price target for the company in a research report on Tuesday, July 14th. Raymond James Financial restated an “outperform” rating and issued a $160.00 price objective on shares of AptarGroup in a report on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AptarGroup in a research report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $172.80.

Get Our Latest Stock Analysis on ATR Insiders Place Their Bets In other news, insider Hedi Tlili sold 8,854 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $135.00, for a total value of $1,195,290.00. Following the transaction, the insider owned 15,379 shares of the company’s stock, valued at approximately $2,076,165. The trade was a 36.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephan B. Tanda sold 9,838 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $136.16, for a total transaction of $1,339,542.08. Following the transaction, the chief executive officer owned 238,729 shares of the company’s stock, valued at approximately $32,505,340.64. This represents a 3.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,247 shares of company stock worth $2,935,161 in the last three months. 0.73% of the stock is owned by company insiders.

AptarGroup Trading Up 1.0% Shares of NYSE:ATR opened at $133.00 on Thursday. The stock has a 50 day moving average of $128.54 and a 200 day moving average of $127.53. The company has a market cap of $8.46 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 3.24 and a beta of 0.39. AptarGroup, Inc. has a 12-month low of $103.23 and a 12-month high of $146.91. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42.

AptarGroup (NYSE:ATR – Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. AptarGroup had a net margin of 9.22% and a return on equity of 13.31%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 EPS. AptarGroup has set its Q3 2026 guidance at 1.450-1.530 EPS. As a group, equities research analysts expect that AptarGroup, Inc. will post 5.48 EPS for the current year.

AptarGroup Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, July 30th. AptarGroup’s dividend payout ratio is presently 34.72%.

About AptarGroup (Free Report)

AptarGroup, Inc is a global provider of advanced dispensing, sealing and protection solutions for consumer and pharmaceutical markets. The company designs and manufactures a broad portfolio of products that enable the controlled delivery of liquids, gels, powders and aerosols. Its customer base spans beauty and personal care, home care, food and beverage, and pharmaceutical sectors, where innovation in packaging and drug‐delivery devices drives brand differentiation and regulatory compliance.

In the consumer markets, AptarGroup offers pumps, actuators, valves, closures and specialized bottles engineered for precision, convenience and sustainability.

Featured Stories Five stocks we like better than AptarGroup Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding ATR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AptarGroup, Inc. (NYSE:ATR – Free Report).

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Bank of America Corp DE grew its holdings in Crane NXT, Co. (NYSE:CXT – Free Report) by 38.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 449,024 shares of the company’s stock after acquiring an additional 125,207 shares during the quarter. Bank of America Corp DE owned 0.78% of Crane NXT worth $18,226,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Camelot Portfolios LLC acquired a new stake in Crane NXT during the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after buying an additional 535 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Crane NXT in the third quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Crane NXT by 4,080.0% in the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after buying an additional 612 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Crane NXT by 120.3% during the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after acquiring an additional 391 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analysts Set New Price Targets Several equities analysts have recently weighed in on CXT shares. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Robert W. Baird set a $68.00 price target on shares of Crane NXT in a research report on Friday, August 7th. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Northland Securities set a $65.00 price objective on shares of Crane NXT in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.20.

Check Out Our Latest Report on Crane NXT Crane NXT Stock Performance CXT opened at $48.68 on Thursday. Crane NXT, Co. has a twelve month low of $35.71 and a twelve month high of $69.00. The firm has a market capitalization of $2.80 billion, a PE ratio of 20.12 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. The firm’s 50-day moving average price is $50.09 and its 200 day moving average price is $46.50.

Crane NXT (NYSE:CXT – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.06. The business had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, sell-side analysts expect that Crane NXT, Co. will post 4.27 EPS for the current fiscal year.

Crane NXT Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 31st. Crane NXT’s dividend payout ratio is presently 29.75%.

About Crane NXT (Free Report)

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.

Further Reading Five stocks we like better than Crane NXT Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think?

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Bank of America Corp DE lifted its position in shares of Concentrix Corporation (NASDAQ:CNXC – Free Report) by 146.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 697,191 shares of the company’s stock after acquiring an additional 413,913 shares during the quarter. Bank of America Corp DE owned approximately 1.14% of Concentrix worth $19,075,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CNXC. Hussman Strategic Advisors Inc. raised its stake in Concentrix by 100.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $3,493,000 after buying an additional 42,000 shares during the last quarter. Pzena Investment Management LLC boosted its position in Concentrix by 32.3% during the fourth quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock valued at $121,713,000 after acquiring an additional 714,604 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Concentrix during the 4th quarter worth about $19,385,000. LSV Asset Management grew its holdings in Concentrix by 40.2% during the 4th quarter. LSV Asset Management now owns 257,251 shares of the company’s stock worth $10,696,000 after acquiring an additional 73,700 shares during the period. Finally, Kopernik Global Investors LLC bought a new position in shares of Concentrix in the 1st quarter worth about $44,523,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

Analysts Set New Price Targets A number of equities research analysts have commented on the company. Barrington Research reduced their price objective on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Concentrix in a report on Friday, July 24th. Robert W. Baird decreased their price target on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Bank of America dropped their price objective on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Finally, Zacks Research cut shares of Concentrix from a “hold” rating to a “strong sell” rating in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Concentrix presently has a consensus rating of “Hold” and a consensus price target of $32.75.

Get Our Latest Analysis on Concentrix Concentrix Stock Up 8.7% Shares of NASDAQ:CNXC opened at $25.72 on Thursday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -1.21, a PEG ratio of 0.43 and a beta of 0.45. Concentrix Corporation has a one year low of $19.12 and a one year high of $57.88. The firm has a fifty day moving average price of $24.46 and a two-hundred day moving average price of $27.63. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18.

Concentrix (NASDAQ:CNXC – Get Free Report) last posted its quarterly earnings data on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.01). The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.70 EPS. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. Analysts anticipate that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Friday, July 24th were issued a $0.36 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.44 annualized dividend and a yield of 5.6%. Concentrix’s payout ratio is -6.75%.

Concentrix Profile (Free Report)

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.

See Also Five stocks we like better than Concentrix Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding CNXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Concentrix Corporation (NASDAQ:CNXC – Free Report).

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Abacus FCF Advisors LLC acquired a new stake in shares of Chemed Corporation (NYSE:CHE – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,239 shares of the company’s stock, valued at approximately $3,837,000. Abacus FCF Advisors LLC owned approximately 0.06% of Chemed at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Chemed by 2,444,879.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,550,103 shares of the company’s stock worth $2,374,667,000 after buying an additional 5,549,876 shares during the last quarter. BlackRock Inc. purchased a new stake in Chemed in the second quarter valued at $691,290,000. Norges Bank purchased a new stake in Chemed in the fourth quarter valued at $76,067,000. AQR Capital Management LLC grew its position in Chemed by 89.2% during the 4th quarter. AQR Capital Management LLC now owns 325,579 shares of the company’s stock worth $139,302,000 after purchasing an additional 153,469 shares during the period. Finally, Victory Capital Management Inc. grew its position in Chemed by 1,260.2% during the 4th quarter. Victory Capital Management Inc. now owns 117,685 shares of the company’s stock worth $50,353,000 after purchasing an additional 109,033 shares during the period. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Chemed from $500.00 to $590.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings raised Chemed from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 17th. Zacks Research raised shares of Chemed from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Bank of America restated a “neutral” rating on shares of Chemed in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded Chemed from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Chemed has an average rating of “Hold” and a consensus target price of $530.75.

Read Our Latest Stock Analysis on CHE Insider Activity at Chemed In related news, Director Andrea R. Lindell sold 1,347 shares of Chemed stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $447.33, for a total value of $602,553.51. Following the completion of the transaction, the director owned 4,578 shares in the company, valued at approximately $2,047,876.74. The trade was a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patrick P. Grace sold 190 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $532.00, for a total transaction of $101,080.00. Following the sale, the director directly owned 3,533 shares in the company, valued at approximately $1,879,556. The trade was a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,537 shares of company stock worth $1,782,654. Corporate insiders own 3.33% of the company’s stock.

Chemed Stock Performance Chemed stock opened at $535.86 on Thursday. The firm has a 50 day simple moving average of $494.52 and a 200-day simple moving average of $445.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.91 and a quick ratio of 0.89. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. Chemed Corporation has a 1-year low of $365.20 and a 1-year high of $557.00.

Chemed (NYSE:CHE – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.60 by $0.46. Chemed had a net margin of 10.60% and a return on equity of 31.77%. The company had revenue of $673.25 million during the quarter, compared to analyst estimates of $665.04 million. During the same quarter last year, the firm posted $4.27 earnings per share. Chemed’s revenue was up 8.8% compared to the same quarter last year. Chemed has set its FY 2026 guidance at 25.000-25.750 EPS. On average, analysts expect that Chemed Corporation will post 23.18 EPS for the current year.

Chemed Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.5%. This is a boost from Chemed’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 17th. Chemed’s payout ratio is currently 14.06%.

Chemed Profile (Free Report)

Chemed Corporation is a diversified provider of essential home services and healthcare solutions in the United States. Headquartered in Cincinnati, Ohio, the company operates through two principal business segments—Roto-Rooter and Vitas Healthcare. Since its founding in 1974, Chemed has built a reputation for reliability and expertise, serving both residential and commercial customers across a broad range of markets.

The Roto-Rooter segment offers a comprehensive suite of plumbing, drain cleaning and water restoration services.

Read More Five stocks we like better than Chemed Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think?

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Abacus FCF Advisors LLC purchased a new stake in KLA Corporation (NASDAQ:KLAC – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 68,818 shares of the semiconductor company’s stock, valued at approximately $20,763,000. KLA makes up about 3.8% of Abacus FCF Advisors LLC’s investment portfolio, making the stock its 3rd largest holding.

Several other large investors have also modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in shares of KLA during the second quarter valued at $2,522,430,000. Handelsbanken Fonder AB boosted its position in KLA by 978.2% during the second quarter. Handelsbanken Fonder AB now owns 858,984 shares of the semiconductor company’s stock worth $259,164,000 after acquiring an additional 779,317 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in KLA by 781.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 359,277 shares of the semiconductor company’s stock worth $108,397,000 after acquiring an additional 318,520 shares during the period. Bessemer Group Inc. grew its stake in KLA by 0.7% in the 1st quarter. Bessemer Group Inc. now owns 180,279 shares of the semiconductor company’s stock worth $265,444,000 after acquiring an additional 1,291 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in KLA by 151.2% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 116,292 shares of the semiconductor company’s stock valued at $171,230,000 after acquiring an additional 70,000 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA News Roundup Here are the key news stories impacting KLA this week:

Positive Sentiment: Wall Street analysts remain broadly optimistic on KLA, with Wells Fargo maintaining an “Overweight” rating. The company’s latest quarterly results also exceeded consensus estimates, with revenue of $3.66 billion and earnings of $1.05 per share. Is KLA a Buy as Wall Street Analysts Look Optimistic? Positive Sentiment: Institutional interest was mixed but included significant second-quarter additions by Invesco, Norges Bank, Capital International Investors and JPMorgan, potentially providing longer-term support for KLAC. KLA Falls as Investors Digest Guidance and Sector Pressure Insider Buying and Selling at KLA In related news, EVP Mary Beth Wilkinson sold 13,802 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $195.50, for a total transaction of $2,698,291.00. Following the completion of the sale, the executive vice president directly owned 22,110 shares of the company’s stock, valued at approximately $4,322,505. This trade represents a 38.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bren D. Higgins sold 27,701 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $265.69, for a total value of $7,359,878.69. Following the completion of the transaction, the chief financial officer owned 263,472 shares in the company, valued at approximately $70,001,875.68. This trade represents a 9.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 258,533 shares of company stock worth $55,977,470. 91.48% of the stock is currently owned by insiders. Analyst Ratings Changes A number of equities research analysts have recently commented on KLAC shares. New Street Research lifted their price objective on KLA from $146.00 to $177.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Scotiabank set a $200.00 target price on KLA in a research report on Wednesday, June 10th. Oppenheimer reissued an “outperform” rating and issued a $260.00 price target (up from $200.00) on shares of KLA in a research note on Thursday, July 16th. Stifel Nicolaus set a $250.00 price target on KLA and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $325.00 price objective on shares of KLA in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $223.70.

Check Out Our Latest Stock Analysis on KLAC

KLA Stock Performance Shares of KLAC stock opened at $187.27 on Thursday. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.93. The company has a market cap of $244.68 billion, a PE ratio of 51.07, a P/E/G ratio of 1.50 and a beta of 1.45. The company’s fifty day simple moving average is $222.57 and its 200-day simple moving average is $185.73. KLA Corporation has a 52 week low of $83.22 and a 52 week high of $307.37.

KLA (NASDAQ:KLAC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. KLA had a net margin of 35.57% and a return on equity of 87.66%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the company earned $0.94 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. As a group, equities research analysts anticipate that KLA Corporation will post 5.42 EPS for the current year.

KLA Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.5%. This is a boost from KLA’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, August 17th. KLA’s payout ratio is currently 25.07%.

About KLA (Free Report)

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.

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Company will support NIWC in advancing next-generation intelligence, surveillance, and reconnaissance systems to strengthen maritime and information operations

Key Takeaways:

Parsons was selected for a $350 million multiple award IDIQ Seabed to Space ISR (S2ISR) contract supporting NIWC Pacific.The work spans full lifecycle engineering, from RDT&E to deployment and sustainment of ISR systems.The contract enhances Navy capabilities across space, air, land, and maritime domains to counter evolving threats. CHANTILLY, Va., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by Naval Information Warfare Center (NIWC) Pacific to provide research, development, test, and evaluation (RDT&E) and technical engineering services for the Seabed to Space (S2) Intelligence Surveillance Reconnaissance (ISR) program. The $350 million multiple award indefinite delivery indefinite quantity (IDIQ) contract supports advancing maritime ISR and Information Operations (IO) capabilities for the U.S. Navy.

As an incumbent on the current S2ISR contract vehicle, Parsons brings proven experience and a deep understanding of mission requirements, enabling seamless continuity and immediate operational readiness for critical capabilities.

Under the contract, Parsons will compete for task orders to deliver end-to-end support for ISR systems, from initial development to deployment and sustainment in the field. The company will provide a broad range of technical, operational, and cybersecurity services to ensure these systems remain effective, reliable, and mission-ready.

“Parsons’ selection for the S2ISR program reflects our proven ability to deliver integrated, multi-domain solutions that address increasingly complex mission requirements,” said Mike Kushin, president, Defense & Intelligence for Parsons. “By combining advanced engineering, data analytics, and cybersecurity expertise, we are helping the Navy accelerate the delivery of resilient, mission-critical capabilities from the seabed to space.”

This work will support the Navy’s efforts to design, develop, and field advanced capabilities that enhance communication, surveillance, and security across a wide range of operational environments. Parsons’ solutions will span space, air, land, and maritime domains, including autonomous and non-autonomous platforms, satellite systems, and tactical communications networks.

Through this effort, Parsons will help strengthen the Navy’s ability to stay ahead of evolving threats by delivering adaptable, secure, and interoperable systems that maintain operational effectiveness in dynamic and contested environments. Building on a national security portfolio that includes multi-domain, all-source ISR, autonomous systems integration, cyber and electronic warfare, and space-based mission solutions for the Department of War and the Intelligence Community, Parsons will leverage its proven experience on Navy and joint programs to rapidly field and scale capabilities that are already supporting operational forces worldwide.

To learn more about Parsons’ national security solutions, visit https://www.parsons.com/national-security/.

About Parsons:
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements:
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.

Media Contact:
Bernadette Miller
+1 980.253.9781
[email protected]

Investor Relations Contact:
Dave Spille
+1 703.775.6191
[email protected]

AssuredPartners Investment Advisors LLC bought a new position in Paychex, Inc. (NASDAQ:PAYX – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,237 shares of the business services provider’s stock, valued at approximately $613,000.

A number of other large investors have also modified their holdings of PAYX. Johnson Financial Group Inc. acquired a new position in shares of Paychex in the 2nd quarter valued at $1,021,000. Tocqueville Asset Management L.P. acquired a new stake in Paychex during the 2nd quarter valued at approximately $30,544,000. West Family Investments Inc. acquired a new stake in Paychex during the second quarter worth about $228,000. NewEdge Wealth LLC purchased a new position in shares of Paychex during the 2nd quarter valued at approximately $2,269,000. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in Paychex during the second quarter worth approximately $9,157,000. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Analyst Ratings Changes PAYX has been the topic of several research analyst reports. Citigroup raised their price objective on Paychex from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 30th. UBS Group increased their target price on Paychex from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Morgan Stanley lifted their price target on shares of Paychex from $107.00 to $109.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Stifel Nicolaus boosted their price target on shares of Paychex from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Finally, Cantor Fitzgerald restated an “underweight” rating and set a $107.00 price objective on shares of Paychex in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $109.20.

Read Our Latest Analysis on Paychex Insider Transactions at Paychex In other Paychex news, CFO Robert L. Schrader sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $115.09, for a total transaction of $299,234.00. Following the sale, the chief financial officer owned 18,547 shares of the company’s stock, valued at approximately $2,134,574.23. This trade represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph M. Tucci sold 3,907 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $98.25, for a total value of $383,862.75. Following the transaction, the director owned 67,364 shares in the company, valued at $6,618,513. This represents a 5.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.

Paychex Stock Up 2.1% Shares of NASDAQ:PAYX opened at $122.50 on Thursday. The business has a fifty day moving average of $110.13 and a two-hundred day moving average of $99.70. The stock has a market cap of $43.57 billion, a P/E ratio of 25.05 and a beta of 0.81. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. Paychex, Inc. has a 52-week low of $85.45 and a 52-week high of $141.19.

Paychex (NASDAQ:PAYX – Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The business services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.31 by $0.01. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. Paychex had a net margin of 27.03% and a return on equity of 50.90%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 EPS. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. On average, research analysts expect that Paychex, Inc. will post 5.96 earnings per share for the current year.

Paychex Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, July 28th will be issued a dividend of $1.19 per share. The ex-dividend date is Tuesday, July 28th. This represents a $4.76 dividend on an annualized basis and a yield of 3.9%. Paychex’s dividend payout ratio is 97.34%.

Paychex Profile (Free Report)

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.

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BlackRock Inc. acquired a new stake in Teledyne Technologies Incorporated (NYSE:TDY – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,125,237 shares of the scientific and technical instruments company’s stock, valued at approximately $2,751,121,000. BlackRock Inc. owned approximately 8.90% of Teledyne Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Teledyne Technologies in the first quarter valued at approximately $27,000. Allied Private Wealth LLC purchased a new position in Teledyne Technologies in the 2nd quarter valued at approximately $28,000. Trust Co. of Vermont acquired a new position in Teledyne Technologies during the second quarter worth about $28,000. DV Equities LLC purchased a new stake in Teledyne Technologies during the 4th quarter worth about $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Teledyne Technologies in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Teledyne Technologies Price Performance TDY opened at $649.11 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.39 and a current ratio of 2.18. The company has a market capitalization of $30.09 billion, a P/E ratio of 31.34, a PEG ratio of 2.89 and a beta of 0.92. Teledyne Technologies Incorporated has a 1-year low of $483.02 and a 1-year high of $697.67. The company has a 50-day moving average of $647.32 and a 200-day moving average of $641.47.

Teledyne Technologies (NYSE:TDY – Get Free Report) last released its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $6.28 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.49. Teledyne Technologies had a return on equity of 10.56% and a net margin of 15.29%.The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the business posted $5.20 EPS. Teledyne Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. Teledyne Technologies has set its FY 2026 guidance at 24.450-24.650 EPS and its Q3 2026 guidance at 6.050-6.150 EPS. Equities analysts expect that Teledyne Technologies Incorporated will post 24.69 EPS for the current fiscal year. Insiders Place Their Bets In other Teledyne Technologies news, Director Simon M. Lorne sold 6,449 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total transaction of $4,387,512.66. Following the sale, the director directly owned 55,783 shares of the company’s stock, valued at approximately $37,951,406.22. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets Several equities analysts recently weighed in on TDY shares. Zacks Research upgraded Teledyne Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Barclays boosted their target price on shares of Teledyne Technologies from $614.00 to $640.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Stifel Nicolaus lifted their price target on shares of Teledyne Technologies from $750.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Jefferies Financial Group upgraded Teledyne Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, Needham & Company LLC lifted their target price on Teledyne Technologies from $735.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $721.67.

View Our Latest Research Report on TDY

(Free Report)

Teledyne Technologies (NYSE: TDY), headquartered in Thousand Oaks, California, is a diversified industrial technology company that designs, manufactures and supports sophisticated electronic systems, instruments and imaging products. Founded in 1960 by Henry Singleton and George Kozmetsky, Teledyne has grown into a multinational provider of high-performance equipment and software for commercial, scientific and government customers. Its offerings are used in markets that include aerospace and defense, marine, industrial manufacturing, environmental monitoring and scientific research.

The company operates through businesses that develop precision instrumentation, digital imaging products, engineered systems and aerospace and defense electronics.

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Algebris UK Ltd. purchased a new position in ITT Inc. (NYSE:ITT – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,742 shares of the conglomerate’s stock, valued at approximately $1,526,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital International Investors lifted its holdings in shares of ITT by 3.0% during the fourth quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after purchasing an additional 258,936 shares in the last quarter. BlackRock Inc. bought a new stake in ITT during the 2nd quarter worth approximately $1,715,593,000. Vanguard Group Inc. lifted its position in shares of ITT by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after acquiring an additional 620,217 shares in the last quarter. State Street Corp boosted its holdings in shares of ITT by 7.4% during the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after purchasing an additional 175,367 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in ITT by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after purchasing an additional 217,360 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the sale, the chief accounting officer owned 7,159 shares in the company, valued at $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In ITT has been the topic of a number of recent analyst reports. DA Davidson increased their price objective on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a research report on Thursday, July 9th. Weiss Ratings restated a “buy (b-)” rating on shares of ITT in a report on Friday, August 7th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, KeyCorp upped their price target on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $241.08. View Our Latest Report on ITT

ITT Price Performance Shares of NYSE ITT opened at $213.34 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. ITT Inc. has a twelve month low of $164.00 and a twelve month high of $230.32. The stock has a 50 day moving average of $198.17 and a two-hundred day moving average of $198.99. The stock has a market cap of $19.07 billion, a P/E ratio of 41.83, a P/E/G ratio of 1.78 and a beta of 1.27.

ITT (NYSE:ITT – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm posted $1.64 EPS. ITT’s quarterly revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, research analysts forecast that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s payout ratio is presently 30.20%.

About ITT (Free Report)

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.

Featured Articles Five stocks we like better than ITT Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding ITT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ITT Inc. (NYSE:ITT – Free Report).

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Aurora Investment Counsel acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 51,119 shares of the specialty chemicals company’s stock, valued at approximately $1,749,000.

A number of other hedge funds have also made changes to their positions in AXTA. Covestor Ltd grew its holdings in Axalta Coating Systems by 197.7% during the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 603 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in Axalta Coating Systems in the 1st quarter valued at about $30,000. Summit Securities Group LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter valued at about $32,000. Los Angeles Capital Management LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter valued at about $35,000. Finally, IFP Advisors Inc grew its stake in shares of Axalta Coating Systems by 65.9% in the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 577 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 2.4% NYSE:AXTA opened at $36.27 on Thursday. The stock has a market cap of $7.76 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The stock’s 50-day moving average is $34.59 and its two-hundred day moving average is $31.62.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year. Analyst Ratings Changes Several research analysts have issued reports on AXTA shares. Robert W. Baird upped their price target on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Wall Street Zen lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a report on Friday, May 1st. Finally, UBS Group reiterated a “neutral” rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Hold” and a consensus target price of $36.00.

Check Out Our Latest Report on Axalta Coating Systems

(Free Report)

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.

Read More Five stocks we like better than Axalta Coating Systems Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think?

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Asahi Life Asset Management CO. LTD. acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,888 shares of the company’s stock, valued at approximately $508,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. grew its holdings in shares of Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after buying an additional 73 shares during the period. Acumen Wealth Advisors LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth $25,000. West Paces Advisors Inc. acquired a new stake in Howmet Aerospace during the 2nd quarter worth $27,000. Cornerstone Financial Management LLC bought a new position in Howmet Aerospace during the fourth quarter worth about $28,000. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of Howmet Aerospace by 65.1% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after purchasing an additional 54 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance Shares of NYSE HWM opened at $283.47 on Thursday. The stock has a market capitalization of $113.42 billion, a price-to-earnings ratio of 61.09, a PEG ratio of 2.09 and a beta of 1.20. Howmet Aerospace Inc. has a fifty-two week low of $169.45 and a fifty-two week high of $310.00. The business has a 50-day moving average of $278.29 and a 200-day moving average of $258.07. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year. Howmet Aerospace Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, August 7th. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio is presently 12.07%.

Analyst Upgrades and Downgrades Several equities analysts have recently weighed in on HWM shares. TD Cowen lifted their price objective on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a report on Monday, July 13th. Sanford C. Bernstein reissued an “outperform” rating and set a $318.00 target price on shares of Howmet Aerospace in a research note on Tuesday, June 16th. BTIG Research raised their target price on shares of Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Howmet Aerospace in a research note on Monday, August 10th. Finally, UBS Group raised their price objective on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $315.67.

Check Out Our Latest Stock Analysis on HWM

(Free Report)

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.

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Aurora Investment Counsel acquired a new position in shares of e.l.f. Beauty (NYSE:ELF – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 38,751 shares of the company’s stock, valued at approximately $2,868,000. e.l.f. Beauty accounts for approximately 1.5% of Aurora Investment Counsel’s holdings, making the stock its 6th largest holding. Aurora Investment Counsel owned about 0.07% of e.l.f. Beauty at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of e.l.f. Beauty in the second quarter worth about $428,262,000. BNP Paribas Financial Markets raised its holdings in shares of e.l.f. Beauty by 3,131.7% during the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after acquiring an additional 896,282 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after acquiring an additional 711,540 shares in the last quarter. Swedbank AB lifted its position in shares of e.l.f. Beauty by 97.0% in the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after acquiring an additional 672,071 shares in the last quarter. Finally, Prime Capital Management Co Ltd acquired a new position in e.l.f. Beauty in the 2nd quarter worth approximately $44,736,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 25,357 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the transaction, the insider directly owned 28,699 shares in the company, valued at $2,295,920. This trade represents a 46.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Milsten sold 4,162 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $214,467.86. Following the completion of the sale, the insider owned 144,581 shares of the company’s stock, valued at approximately $7,450,258.93. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 134,028 shares of company stock worth $9,422,961 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets A number of analysts have recently issued reports on ELF shares. B. Riley Financial increased their target price on e.l.f. Beauty from $70.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Jefferies Financial Group lifted their price target on e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Zacks Research raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group increased their price objective on e.l.f. Beauty from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley decreased their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.31. Read Our Latest Research Report on ELF

e.l.f. Beauty Price Performance ELF opened at $99.40 on Thursday. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 99.40, a PEG ratio of 2.91 and a beta of 1.58. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $77.92 and a 200 day moving average price of $71.88.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s quarterly revenue was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts forecast that e.l.f. Beauty will post 2.61 EPS for the current fiscal year.

e.l.f. Beauty Company Profile (Free Report)

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.

Featured Stories Five stocks we like better than e.l.f. Beauty Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty (NYSE:ELF – Free Report).

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HONG KONG, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Operational Highlights

Total number of funded accounts1 increased 33.6% year-over-year to 3,842,667 as of June 30, 2026.Total number of brokerage accounts2 increased 26.6% year-over-year to 6,639,583 as of June 30, 2026.Total number of users3 increased 15.2% year-over-year to 31.3 million as of June 30, 2026.Total client assets increased 43.6% year-over-year to HK$1.40 trillion as of June 30, 2026.Daily average client assets were HK$1.39 trillion in the second quarter of 2026, an increase of 55.6% from the same period in 2025.Total trading volume in the second quarter of 2026 increased by 78.8% year-over-year to HK$6.42 trillion, in which trading volume for U.S. stocks was HK$5.02 trillion, and trading volume for Hong Kong stocks was HK$1.17 trillion.Margin financing and securities lending balance increased 85.1% year-over-year to HK$95.1 billion as of June 30, 2026. Second Quarter 2026 Financial Highlights 

Total revenues increased 35.6% year-over-year to HK$7,200.2 million (US$918.2 million). Total gross profit increased 33.9% year-over-year to HK$6,214.8 million (US$792.5 million).Net income increased 41.6% year-over-year to HK$3,641.9 million (US$464.4 million). Non-GAAP adjusted net income⁴ increased 40.1% year-over-year to HK$3,725.1 million (US$475.0 million).  Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, said, “In the second quarter, we added 252 thousand net new funded accounts, bringing total funded accounts to 3.8 million, up 33.6% year-over-year. Growth in funded accounts this quarter was supported by continued momentum across our international markets, reinforcing the diversification of our client base. Malaysia led new funded account additions for the third consecutive quarter. Hong Kong and Singapore followed as key contributors, with new client cohorts in both markets demonstrating stronger initial monetization compared with prior periods, a signal of ongoing quality improvement in our more established markets.”

“Total client assets were HK$1.40 trillion as of quarter end, up 43.6% year-over-year and 14.5% quarter-over-quarter. The growth was mainly attributable to higher market valuation of clients’ stock holdings, and to a lesser extent, net asset inflow. Margin financing and securities lending balance rose 30.5% quarter-over-quarter to HK$95.1 billion, driven by an active Hong Kong IPO market, alongside upbeat sentiment that fueled higher utilization of leverage.”

“Total trading volume reached a record HK$6.42 trillion, up 78.8% year-over-year and 54.6% quarter-over-quarter, supported by a meaningful acceleration in U.S. stock trading activity. U.S. stock trading volume rose 67.2% sequentially to HK$5.02 trillion, driven by heightened client interest in semiconductor and other AI value chain names. Hong Kong stock trading volume grew 15.9% quarter-over-quarter to HK$1.17 trillion, reflecting client engagement in semiconductor, China internet, and newly listed AI names.”

“Total client assets in wealth management increased 10.4% year-over-year and 1.0% quarter-over-quarter to HK$180.2 billion, primarily supported by growth in equity fund holdings amid strong global equity market performance. In Hong Kong, we added new global equity mutual funds to our platform and expanded thematic investor engagement around frontier areas such as the space economy. In Singapore, we further broadened our fund shelf with new local equity strategies aligned with the country's capital markets development priorities.”

“As of quarter end, we cumulatively served 683 IPO distribution and IR clients, up 32.1% year-over-year. Against a robust Hong Kong IPO backdrop, we provided investment banking services to nearly 60% of new listings during the quarter, including those of Star Sports Medicine, Lightelligence, and Metis TechBio.”

“In recent months, we made meaningful progress across our global franchise. In June, Moomoo launched Prediction Markets in the U.S., broadening the ways our clients can engage with financial markets and real-world developments, driving active client participation. Futu Securities also received SFC approval to launch a virtual asset financing service through our proprietary trading platform PantherTrade, further expanding our product runway within Hong Kong's evolving virtual asset framework. In July, we obtained a Type A license from the Thailand Securities and Exchange Commission, positioning us to launch Moomoo Thailand and further extend our footprint across Southeast Asia. Together, these developments deepen the product breadth and expand the geographic reach of our platform for global investors.”

Mr. Arthur Yu Chen, Futu’s Chief Financial Officer, added, “As of June 30, 2026, we have repurchased approximately 3.8 million ADSs for an aggregate consideration of approximately US$418 million in open market transactions in accordance with the authorization under the current share repurchase program.”

Second Quarter 2026 Financial Results

Revenues

Total revenues were HK$7,200.2 million (US$918.2 million), an increase of 35.6% from HK$5,310.9 million in the second quarter of 2025. 

Brokerage commission and handling charge income was HK$3,360.6 million (US$428.5 million), an increase of 30.3% from the second quarter of 2025. This was mainly due to higher trading volume, partially offset by a decline in blended commission rate. 

Interest income was HK$3,123.8 million (US$398.3 million), an increase of 36.5% from the second quarter of 2025. The increase was mainly driven by higher interest income from margin financing and bank deposit. 

Other income was HK$715.8 million (US$91.3 million), an increase of 61.2% from the second quarter of 2025. The increase was primarily attributable to higher currency exchange income and IPO financing service income. 

Costs

Total costs were HK$985.4 million (US$125.7 million), an increase of 46.9% compared to HK$670.9 million in the second quarter of 2025. 

Brokerage commission and handling charge expenses were HK$247.5 million (US$31.6 million), an increase of 54.1% from the second quarter of 2025. The increase was primarily due to higher trading volume.

Interest expenses were HK$512.9 million (US$65.4 million), an increase of 35.8% from the second quarter of 2025. The increase was primarily due to higher expenses associated with our margin financing. 

Processing and servicing costs were HK$225.0 million (US$28.7 million), an increase of 69.6% from the second quarter of 2025. The increase was primarily due to increasing cloud service fees in AI capabilities. 

Gross Profit

Total gross profit was HK$6,214.8 million (US$792.5 million), an increase of 33.9% from HK$4,639.9 million in the second quarter of 2025. Gross margin was 86.3%, as compared to 87.4% in the second quarter of 2025. 

Operating Expenses

Total operating expenses were HK$1,751.3 million (US$223.3 million), an increase of 35.1% from HK$1,296.0 million in the second quarter of 2025. 

Research and development expenses were HK$501.0 million (US$63.9 million), an increase of 13.4% from the second quarter of 2025. This was primarily driven by increased investment in strategic initiatives.

Selling and marketing expenses were HK$657.1 million (US$83.8 million), an increase of 53.1% from HK$429.1 million in the second quarter of 2025. This was driven by the increase of new funded accounts. 

General and administrative expenses were HK$593.1 million (US$75.6 million), an increase of 39.6% from the second quarter of 2025. The increase was primarily due to an increase in general and administrative personnel to support business development.

Income from Operations

Income from operations increased by 33.5% to HK$4,463.5 million (US$569.2 million) from HK$3,344.0 million in the second quarter of 2025. Operating margin declined to 62.0% from 63.0% in the second quarter of 2025. 

Net Income

Net income increased by 41.6% to HK$3,641.9 million (US$464.4 million) from HK$2,572.6 million in the second quarter of 2025. Net income margin for the second quarter of 2026 increased to 50.6% from 48.4% in the year-ago quarter.

Non-GAAP adjusted net income increased by 40.1% to HK$3,725.1million (US$475.0 million) from the second quarter of 2025. Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses. For further information, see "Use of Non-GAAP Financial Measures" at the bottom of this press release.

Net Income per ADS

Basic net income per American Depositary Share ("ADS") was HK$26.32 (US$3.36), compared with HK$18.48 in the second quarter of 2025. Diluted net income per ADS was HK$26.08 (US$3.33), compared with HK$18.24 in the second quarter of 2025. Each ADS represents eight Class A ordinary shares.

Conference Call and Webcast

Futu's management will hold an earnings conference call on Thursday, August 20, 2026, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).

Please note that all participants will need to pre-register for the conference call, using the link

https://register-conf.media-server.com/register/BIc3f2e0e4bf004756b6d281e81ca215dd

It will automatically lead to the registration page of "Futu Holdings Ltd First Quarter 2026 Earnings Conference Call", where details for RSVP are needed.

Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers and personal PINs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

Additionally, a live and archived webcast of this conference call will be available at https://ir.futuholdings.com/.

About Futu Holdings Limited

Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and Moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses non-GAAP adjusted net income, a non-GAAP measure, as a supplemental measure to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines non-GAAP adjusted net income as net income excluding share-based compensation expenses. The Company presents the non-GAAP financial measure because it is used by the management to evaluate the operating performance and formulate business plans. Non-GAAP adjusted net income enables the management to assess the Company's operating results without considering the impact of share-based compensation expenses, which are non-cash charges. The Company also believes that the use of the non-GAAP measure facilitates investors' assessment of its operating performance.

Non-GAAP adjusted net income is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This non-GAAP financial measure has limitations as analytical tools. One of the key limitations of using non-GAAP adjusted net income is that it does not reflect all items of expense that affect the Company's operations. Share-based compensation expenses have been and may continue to be incurred in the business and is not reflected in the presentation of non-GAAP adjusted net income. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance.

For more information on this non-GAAP financial measure, please see the table captioned "Unaudited Reconciliations of Non-GAAP and GAAP Results" set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain HK dollars ("HK$") amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from HK$ to US$ were made at the rate of HK$7.8420 to US$1.00, the noon buying rate in effect on June 30, 2026 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ or US$ amounts referred could be converted into US$ or HK$, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from the management team of the Company, contain forward-looking statements. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Futu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu's goal and strategies; Futu's expansion plans; Futu's future business development, financial condition and results of operations; Futu's expectations regarding demand for, and market acceptance of, its credit products; Futu's expectations regarding keeping and strengthening its relationships with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor inquiries, please contact:

Investor Relations
Futu Holdings Limited
[email protected]

_________________

1 The number of funded accounts refers to the number of brokerage accounts with Futu that have a positive account balance. Multiple funded accounts by one client are counted as one funded account.
2 Multiple brokerage accounts by one client are counted as one brokerage account.
3 The number of users refers to the number of user accounts registered with Futu.
4 Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses.

FUTU HOLDINGS LIMITEDUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except for share and per share data)

     As of December 31, As of June 30, 2025 2026 2026 HK$ HK$ US$ASSETS     Cash and cash equivalents10,465,888 18,380,950 2,343,911Cash held on behalf of clients113,398,356 135,824,565 17,320,143Restricted cash2,510 110,479 14,088Term deposit- 202,212 25,786Short-term investments6,688,871 6,612,010 843,154Securities purchased under agreements to resell507,767 451,189 57,535Loans and advances-current (net of allowance of HK$374,604 thousand and HK$1,212,916 thousand as of December 31, 2025 and June 30, 2026, respectively)64,607,370 91,875,630 11,715,842Receivables:     Clients838,521 817,675 104,269Brokers18,459,373 22,416,500 2,858,518Clearing organizations5,522,472 6,455,474 823,192Fund management companies and fund distributors1,997,086 514,423 65,598Interest852,186 950,861 121,252Amounts due from related parties6,780 5,100 650Prepaid assets77,960 151,625 19,335Other current assets225,478 450,466 57,445Total current assets223,650,618 285,219,159 36,370,718      Operating lease right-of-use assets569,939 698,407 89,060Long-term investments615,220 921,141 117,463Loans and advances-non-current139,668 67,002 8,544Other non-current assets3,461,431 5,701,904 727,096Total non-current assets4,786,258 7,388,454 942,163Total assets228,436,876 292,607,613 37,312,881 LIABILITIES     Amounts due to related parties67,143  130,170  16,599 Payables:     Clients125,249,957  145,416,920  18,543,345 Brokers38,678,396  66,150,701  8,435,438 Clearing organizations750,964  5,119,024  652,770 Fund management companies and fund distributors1,277,467  165,342  21,084 Interest62,527  103,922  13,252 Borrowings12,143,237  15,735,475  2,006,564 Securities sold under agreements to repurchase4,743,096  11,844,449  1,510,386 Lease liabilities-current200,089  211,910  27,022 Accrued expenses and other current liabilities4,527,129  7,842,828  1,000,105 Total current liabilities187,700,005  252,720,741  32,226,565       Lease liabilities-non-current393,843  527,530  67,272 Other non-current liabilities21,906  154,873  19,749 Total non-current liabilities415,749  682,403  87,021 Total liabilities188,115,754  253,403,144  32,313,586             SHAREHOLDERS’ EQUITY     Class A ordinary shares73  61  8 Class B ordinary shares27  27  3 Additional paid-in capital19,158,175  14,096,984  1,797,626 Treasury Stock(5,199,257) (3,275,796) (417,725)Accumulated other comprehensive income51,503  426,150  54,342 Retained earnings25,990,667  27,629,264  3,523,243 Total shareholders' equity40,001,188  38,876,690  4,957,497             Non-controlling interests319,934  327,779  41,798 Total equity40,321,122  39,204,469  4,999,295 Totalliabilities andequity228,436,876  292,607,613  37,312,881        FUTU HOLDINGS LIMITEDUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVEINCOME

(In thousands, except for share and per share data)

     For the Three Months Ended For the Six Months Ended June 30,
2025 June 30,
2026 June 30,
2026 June 30,
2025 June 30,
2026 June 30,
2026 HK$ HK$ US$ HK$ HK$ US$Revenues           Brokerage commission and handling charge income2,578,602  3,360,646  428,545  4,888,822  6,002,080  765,376 Interest income2,288,156  3,123,775  398,339  4,358,625  5,774,009  736,293 Other income444,132  715,793  91,276  758,080  1,280,115  163,238 Total revenues5,310,890  7,200,214  918,160  10,005,527  13,056,204  1,664,907 Costs           Brokerage commission and handling charge expenses(160,597) (247,503) (31,561) (304,102) (411,977) (52,535)Interest expenses(377,629) (512,877) (65,401) (846,962) (927,564) (118,282)Processing and servicing costs(132,716) (225,033) (28,696) (268,831) (395,153) (50,389)Total costs(670,942) (985,413) (125,658) (1,419,895) (1,734,694) (221,206)Total gross profit4,639,948  6,214,801  792,502  8,585,632  11,321,510  1,443,701             Operating expenses           Research and development expenses(441,925) (501,021) (63,889) (827,904) (979,901) (124,955)Selling and marketing expenses(429,132) (657,127) (83,796) (888,334) (1,213,878) (154,792)General and administrative expenses(424,908) (593,112) (75,633) (840,153) (1,134,029) (144,610)Total operating expenses(1,295,965) (1,751,260) (223,318) (2,556,391) (3,327,808) (424,357)            Income from operations3,343,983  4,463,541  569,184  6,029,241  7,993,702  1,019,344             Others, net(168,114) (188,648) (24,056) (188,712) (2,322,072) (296,107)            Income before income tax expense and share of (loss)/gain from equitymethod investments3,175,869  4,274,893  545,128  5,840,529  5,671,630  723,237             Income tax expense(579,809) (698,375) (89,056) (1,070,768) (1,305,359) (166,457)Share of (loss)/gain from equity method investments(23,500) 65,338  8,332  (54,497) 106,570  13,590             Net income2,572,560  3,641,856  464,404  4,715,264  4,472,841  570,370             Attributable to:           Ordinary shareholders of the Company2,574,209  3,646,775  465,031  4,719,532  4,497,325  573,492 Non-controlling interests(1,649) (4,919) (627) (4,268) (24,484) (3,122) 2,572,560  3,641,856  464,404  4,715,264  4,472,841  570,370  Net income per share attributable to ordinary shareholders of the
Company           Basic2.31  3.29  0.42  4.24  4.03  0.51 Diluted2.28  3.26  0.42  4.19  3.99  0.51             Net income per ADS           Basic18.48  26.32  3.36  33.92  32.24  4.11 Diluted18.24  26.08  3.33  33.52  31.92  4.07             Weighted average number of ordinary shares used in computing
net income per share           Basic1,114,047,038  1,109,913,839  1,109,913,839  1,113,738,611  1,115,651,677  1,115,651,677 Diluted1,128,991,818  1,120,132,347  1,120,132,347  1,127,802,882  1,126,861,434  1,126,861,434             Net income2,572,560  3,641,856  464,404  4,715,264  4,472,841  570,370 Other comprehensive income/(loss), net of tax           Changes in the fair value of financial assets-  (3,233) (412) -  (15,392) (1,963)Foreign currency translation adjustment327,589  125,697  16,029  392,804  386,179  49,245 Total comprehensive income2,900,149  3,764,320  480,021  5,108,068  4,843,628  617,652             Attributable to:           Ordinary shareholders of the Company2,902,320  3,769,417  480,671  5,112,872  4,871,972  621,266 Non-controlling interests(2,171) (5,097) (650) (4,804) (28,344) (3,614) 2,900,149  3,764,320  480,021  5,108,068  4,843,628  617,652              FUTU HOLDINGS LIMITEDUNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS

(In thousands)

     For the Three Months Ended For the Six Months Ended June 30,
2025 June 30,
2026 June 30,
2026 June 30,
2025 June 30,
2026 June 30,
2026 HK$ HK$ US$ HK$ HK$ US$            Net income2,572,560 3,641,856 464,404 4,715,264 4,472,841 570,370Add: Share-based compensation expenses87,254 83,253 10,616 161,453 171,799 21,908Adjusted net income2,659,814 3,725,109 475,020 4,876,717 4,644,640 592,278             Non-GAAP to GAAP reconciling items have no income tax effect. 

Aurora Investment Managers LLC. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 23.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,702 shares of the e-commerce giant’s stock after purchasing an additional 5,256 shares during the quarter. Amazon.com makes up approximately 4.0% of Aurora Investment Managers LLC.’s holdings, making the stock its 14th largest holding. Aurora Investment Managers LLC.’s holdings in Amazon.com were worth $6,602,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Red Crane Wealth Management LLC boosted its holdings in Amazon.com by 2.3% in the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock valued at $346,000 after acquiring an additional 38 shares in the last quarter. Robinson Smith Wealth Advisors LLC increased its stake in shares of Amazon.com by 0.7% during the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after purchasing an additional 40 shares in the last quarter. Sfam LLC raised its stake in Amazon.com by 3.4% during the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after buying an additional 40 shares during the last quarter. Measured Risk Portfolios Inc. raised its position in shares of Amazon.com by 3.4% in the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock worth $251,000 after purchasing an additional 40 shares during the last quarter. Finally, CoreFirst Bank & Trust grew its position in Amazon.com by 1.1% during the 1st quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant’s stock valued at $754,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance AMZN opened at $265.84 on Thursday. The company’s 50 day moving average is $249.09 and its 200 day moving average is $239.06. The company has a market cap of $2.87 trillion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.73 and a beta of 1.45. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same period in the prior year, the business posted $1.68 EPS. Amazon.com’s revenue was up 19.6% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current year. Insider Buying and Selling In related news, CEO Douglas J. Herrington sold 3,741 shares of Amazon.com stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $262.76, for a total transaction of $982,985.16. Following the sale, the chief executive officer owned 467,138 shares of the company’s stock, valued at approximately $122,745,180.88. This trade represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of Amazon.com stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 16,011 shares of company stock valued at $4,256,608. Company insiders own 8.90% of the company’s stock.

Key Amazon.com News Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Prime Air expansion: Amazon plans to expand drone delivery to nearly 500 U.S. cities and towns by the end of 2026, roughly six times its current footprint. Deliveries could arrive in as little as 30 minutes for packages weighing up to five pounds. The move reinforces Amazon’s delivery advantage and supports efforts to compete with Walmart, FedEx and other logistics providers. Amazon to expand drone service to nearly 500 cities Positive Sentiment: AWS and AI momentum: AWS revenue reportedly grew 37% year over year to $42.2 billion in the latest quarter, its fastest growth in 18 quarters. Amazon also said its AWS AI business surpassed a $25 billion annualized revenue run rate, strengthening the case that AI workloads are accelerating cloud growth and could improve long-term earnings. Amazon’s AI business passed a $25 billion run rate Positive Sentiment: Infrastructure investment: Amazon increased its planned investment in a northwest Louisiana data-center campus from $12 billion to approximately $18 billion, signaling sustained demand for AWS capacity and allowing the company to secure power and water infrastructure in advance of regional grid constraints. Amazon Plugs $18B Into the Southern Power Grid Positive Sentiment: Analyst support: Wall Street’s average price target implies substantial potential upside, with analysts citing improving earnings estimates and AWS reacceleration. Wall Street analysts think Amazon could surge Neutral Sentiment: Alexa+ availability: Amazon made its AI-powered Alexa+ available at no additional cost to Fire TV users without requiring Prime membership. The broader user base could support future engagement and monetization, although the immediate financial impact is unclear. Amazon makes Alexa+ free on Fire TV Negative Sentiment: Capital-spending risks: The rapid data-center and AI buildout may pressure free cash flow, depreciation and returns. AWS also faces rising competition from other cloud providers and specialized AI infrastructure companies. Negative Sentiment: Insider transaction: CEO Douglas Herrington sold 3,741 shares worth approximately $983,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 0.79%, making it a limited bearish signal. SEC insider transaction filing Analyst Upgrades and Downgrades AMZN has been the subject of a number of analyst reports. Mizuho set a $330.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Barclays reiterated an “overweight” rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. TD Cowen reissued a “buy” rating and set a $350.00 price target (up from $340.00) on shares of Amazon.com in a research report on Friday, July 31st. Oppenheimer reissued an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $335.00 price objective (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.56.

Check Out Our Latest Report on AMZN

Amazon.com Company Profile (Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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China's Alibaba (9988.HK), on Thursday reported a 9% rise in quarterly ​revenue, as strong demand for AI services ‌fueled growth in its cloud business, while an extended "618" shopping festival boosted its core e-commerce ​unit.

As businesses increasingly deploy artificial intelligence ​applications, demand for the cloud computing power ⁠needed to train and run those ​systems has surged, benefiting China's largest technology companies.

Alibaba, ​the country's biggest cloud services provider, has stepped up investment in AI infrastructure, proprietary models and ​applications, positioning the technology as a key ​growth driver for its cloud and consumer businesses.

The company's ‌AI ⁠cloud and compute services revenue rose 45% to 48.44 billion yuan in the quarter.

Alibaba's capital expenditures rose 75% to 67.68 ​billion yuan in ​the ⁠quarter ended June 30, as it continued to invest in AI ​infrastructure to meet strong customer demand.

The ​company ⁠reported revenue of 268.95 billion yuan ($40.02 billion) in the first quarter, compared with analysts' average estimate of 268.88 ⁠billion ​yuan, according to data ​compiled by LSEG.

($1 = 6.7207 Chinese yuan renminbi)

Benjamin Edwards Inc. boosted its holdings in shares of Johnson & Johnson (NYSE:JNJ – Free Report) by 21.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 160,633 shares of the company’s stock after buying an additional 28,700 shares during the period. Benjamin Edwards Inc.’s holdings in Johnson & Johnson were worth $40,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. World Investment Advisors increased its position in shares of Johnson & Johnson by 19.6% during the 4th quarter. World Investment Advisors now owns 161,343 shares of the company’s stock valued at $33,390,000 after purchasing an additional 26,450 shares during the last quarter. Benchmark Financial LLC bought a new stake in Johnson & Johnson in the 4th quarter worth approximately $554,000. Principal Financial Group Inc. lifted its position in Johnson & Johnson by 0.8% in the 4th quarter. Principal Financial Group Inc. now owns 3,410,177 shares of the company’s stock worth $705,736,000 after buying an additional 28,370 shares during the last quarter. SageGuard Financial Group LLC purchased a new stake in Johnson & Johnson in the fourth quarter worth approximately $1,019,000. Finally, Signal Advisors Wealth LLC grew its position in Johnson & Johnson by 76.1% during the first quarter. Signal Advisors Wealth LLC now owns 15,126 shares of the company’s stock valued at $3,697,000 after acquiring an additional 6,539 shares during the last quarter. 69.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Johnson & Johnson In other Johnson & Johnson news, EVP Vanessa Broadhurst sold 23,054 shares of Johnson & Johnson stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $251.27, for a total transaction of $5,792,778.58. Following the sale, the executive vice president directly owned 23,003 shares of the company’s stock, valued at approximately $5,779,963.81. The trade was a 50.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Elizabeth Forminard sold 15,918 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $257.00, for a total value of $4,090,926.00. Following the completion of the transaction, the executive vice president directly owned 16,994 shares of the company’s stock, valued at $4,367,458. This represents a 48.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 63,972 shares of company stock valued at $16,245,605. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth Several analysts have weighed in on JNJ shares. Royal Bank Of Canada boosted their price target on shares of Johnson & Johnson from $265.00 to $287.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Guggenheim lifted their price objective on Johnson & Johnson from $270.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Stifel Nicolaus set a $260.00 target price on Johnson & Johnson in a research note on Wednesday, July 15th. Freedom Capital upgraded Johnson & Johnson from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Leerink Partners upgraded Johnson & Johnson from a “market perform” rating to an “outperform” rating and set a $265.00 price target on the stock in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $268.22. Read Our Latest Report on Johnson & Johnson

Key Johnson & Johnson News Here are the key news stories impacting Johnson & Johnson this week:

Positive Sentiment: Strong earnings and higher guidance remain key catalysts. Second-quarter revenue rose 6.6% to $25.31 billion, exceeding estimates, while adjusted EPS of $2.90 topped the $2.84 consensus. Management also raised its 2026 outlook, reinforcing confidence in near-term earnings growth. Johnson & Johnson Stock Jumps as Healthcare Rotation Lifts Shares Positive Sentiment: FDA clearance expands JNJ’s medical-technology opportunity. The company received authorization for MONARCH QUEST 3, an AI-powered software upgrade adding 3D imaging, planning, and navigation capabilities to its robotic bronchoscopy platform. The development supports JNJ’s broader push into robotic surgery and advanced diagnostics. Johnson & Johnson Expands Robotic Bronchoscopy Push Positive Sentiment: Analysts continue to favor JNJ as a defensive growth and income stock. Several analysts maintain Buy or Strong Buy views, citing immunology and neuroscience medicines as potential growth engines that can help offset Stelara’s loss of exclusivity. JNJ’s 64-year record of dividend increases and recent quarterly payout of $1.34 also support its appeal to income-focused investors. Analysts Favor Dividend Aristocrats JNJ and LIN Neutral Sentiment: Above-average call-option activity points to increased short-term bullish positioning, but options flows may also increase volatility and are not a substitute for fundamental demand. Negative Sentiment: Executive Vice President Jennifer Taubert sold 15,000 shares for approximately $3.95 million, reducing her holdings by 7.16%. Continued insider selling by multiple executives could weigh modestly on sentiment, although the transaction does not by itself indicate weakening business conditions. SEC insider transaction filing Johnson & Johnson Stock Performance Shares of JNJ stock opened at $273.19 on Thursday. The stock has a fifty day moving average of $253.89 and a 200 day moving average of $242.23. Johnson & Johnson has a 52 week low of $173.33 and a 52 week high of $276.47. The firm has a market capitalization of $658.37 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 2.59 and a beta of 0.24. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.44.

Johnson & Johnson (NYSE:JNJ – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.06. The business had revenue of $25.31 billion for the quarter, compared to the consensus estimate of $25.06 billion. Johnson & Johnson had a net margin of 21.48% and a return on equity of 32.42%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.77 EPS. Johnson & Johnson has set its FY 2026 guidance at 11.600-11.750 EPS. As a group, research analysts expect that Johnson & Johnson will post 11.61 earnings per share for the current year.

Johnson & Johnson Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th will be issued a $1.34 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $5.36 annualized dividend and a yield of 2.0%. Johnson & Johnson’s dividend payout ratio (DPR) is 62.11%.

(Free Report)

Johnson & Johnson is a multinational healthcare company headquartered in New Brunswick, New Jersey, that develops, manufactures and markets a broad range of products across pharmaceuticals, medical devices and previously consumer health. Founded in 1886 by the Johnson family, the company has grown into a global healthcare organization with operations and sales in many countries around the world.

The company’s pharmaceuticals business, organized largely under its Janssen research and development organization, focuses on prescription medicines across therapeutic areas such as immunology, infectious disease, oncology and neuroscience.

Recommended Stories Five stocks we like better than Johnson & Johnson Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding JNJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson & Johnson (NYSE:JNJ – Free Report).

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Vancouver, British Columbia--(Newsfile Corp. - August 20, 2026) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce preliminary gamma probe equivalent uranium results from drilling at Lucky Cliff, Copper Mountain (see Figure 1). These estimates are not chemical assays and remain subject to laboratory verification.

Highlights

Myriad's current Phase II drill program is designed to achieve two primary objectives:

Verify mineralization that underpins a historical resource estimate1 of 26.63 Mlbs eU₃O₈ and generate modern data to support a future maiden mineral resource estimate.

Evaluate exploration upside by testing historical targets identified through drilling in the 1970s and assessing new targets generated by Myriad's own exploration work, that could deliver an exploration target2 of between 245 and 655 Mlbs eU₃O₈.

Myriad has now completed four drill holes at Lucky Cliff for a total of 716.6 metres (2,351 feet) of drilling.

All four holes intersected numerous broad intervals of near-surface uranium mineralization.

Across the four holes, 50 mineralized intervals exceed 100 ppm eU₃O₈.

The longest mineralized interval is 19.96 metres (65.49 feet) at 269 ppm eU₃O₈ from 18 m.

The highest grade intercepted is 1,336 ppm eU₃O₈.

Because Lucky Cliff lies outside any area with a historical resource or endowment estimate, any mineral resource that may in future be defined there would be new and incremental to the Copper Mountain Uranium Project mineral endowment, if supported by sufficient exploration and estimation work.

Best Intervals Above 100 ppm eU₃O₈ Threshold

Hole IDFrom (m)To (m)Length (m)eU₃O₈ (ppm)eU₃O₈ (%)GT (m%)¹Peak (ppm)LUC0001DD118.46130.8012.341580.0160.19314LUC0002DD29.6134.494.881390.0140.07255LUC0002DD36.6241.194.572000.0200.09399LUC0002DD45.1651.566.404080.0410.261,034including46.6846.980.306650.0670.02-including47.5948.661.078210.0820.09-including48.9749.270.305990.0600.02-LUC0002DD85.08100.6315.541790.0180.28281LUC0003DD18.9421.692.743890.0390.111,109LUC0003DD28.5431.142.592530.0250.07437LUC0003DD33.2740.747.471860.0190.14361LUC0004DD18.0037.9619.962690.0270.541,336including26.9928.971.988660.0870.17-including34.9135.670.766480.0650.05-LUC0004DD58.2361.893.662590.0260.09522¹ GT (m%) = grade-thickness product (interval length in metres multiplied by grade in %), a standard metric for comparing the relative scale of mineralized intercepts.Equivalent uranium (eU₃O₈) grades are radiometric estimates derived from downhole gamma logging and are not chemical assays. They are preliminary, may be affected by disequilibrium, borehole diameter, casing, water, probe calibration and other borehole conditions, and will be verified by laboratory assay results. Verification will include standard QAQC protocols such as the insertion of blanks, standards (Certified Reference Materials) and duplicates as well as the implementation of chain of custody procedures.The intervals above are selected preliminary radiometric intervals reported above a 100 ppm eU3O8 threshold and are intended to highlight the most material intercepts by length, grade and grade-thickness. They should be read together with Appendix 1, which provides the full interval summaries at the stated reporting thresholds.Reported intervals are downhole lengths and do not represent true widths, which have not yet been determined. Myriad's CEO, Thomas Lamb, commented: "These are encouraging preliminary radiometric results from a new area in the north of our recently expanded Copper Mountain Project Area and outside historical estimate boundaries. Mineralization occurs at shallow depths with some remarkably long intervals. All four boreholes encountered significant equivalent uranium mineralization. While the grades are typically not as high as we saw at Canning during Phase I, they are generally well above average historical grades for the Copper Mountain Project, and the intervals are much longer and shallower than we saw at Canning. We currently see 50 intervals above 100 ppm eU3O8, several of them quite long (the longest being 19.96 m (65.49 ft) at 269 ppm from 18 m) with a peak grade of 1,336 ppm eU3O8. These estimates remain subject to confirmation by chemical assay and may increase or decrease once disequilibrium, borehole conditions, and laboratory results are assessed. During our Phase I drilling at Canning reported here, chemical assays reported were higher than downhole gamma probe grades by an average of 50% above 500 ppm and 60% above 1,000 ppm. However, the relationship between radiometric equivalent grades and assay grades at Lucky Cliff has not yet been established, and no similar adjustment should be assumed for Lucky Cliff until assay results are received and assessed. Regardless, we consider these to be excellent preliminary results. Because Lucky Cliff sits outside the northern boundary of the Bendix Assessment Area (see Figure 1 and the assessment reported here), and entirely outside any area with a historical uranium resource or endowment estimate, any resource ultimately estimated there will be entirely new and incremental to the Copper Mountain Uranium Project, if supported by sufficient exploration and estimation work."

Lucky Cliff

The Lucky Cliff target area is located about 2,000 metres (6,500 feet) north of the Canning deposit, along the Myrtle's Fault trend. Lucky Cliff was explored by Union Pacific in the late 1970s, but the data was insufficient for the estimation of mineral resources and does not form part of the historical 26.63 Mlb eU3O8 estimate reported by Union Pacific at the time (see note on Historical Estimates below). It also falls outside of the Bendix Assessment Area, which was estimated to contain an Exploration Target of between 245 and 655 Mlbs contained within 1,111 Mt to 2,971 Mt (at 100 ppm eU3O8) and 222 Mt to 594 Mt (at 500 ppm eU3O8), as described here and in the NI 43-101 Technical report. The potential quantity and grade of the Exploration Target are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the Exploration Target being delineated as a mineral resource.

The target area was selected by Union Pacific as a drill target on the basis of favourable geological and geochemical criteria. Several strong N45°E structural trends are present, and the associated rock types are similar to those found at other mineralized occurrences in the project area. A close-spaced (500-foot center) stream sediment sampling program undertaken by Union Pacific identified several highly anomalous (to 118 ppm) zones, and follow-up work was designed to test these anomalies. Ground-truthing of radiometric anomalies by Myriad following the helicopter survey completed late last year identified one point above the target area with a surface measurement of 193.2 ppm eU, using a calibrated RS-230 Handheld Gamma-Ray Spectrometer. Handheld spectrometer readings are preliminary and indicative only, may be affected by environmental and geometric factors, are not assay results, do not measure eU3O8 directly, and may not be representative of uranium concentrations in rock samples.

At least twenty holes were drilled by Union Pacific in the late 1970s, and at least 10 holes were reported to have intersected mineralization in excess of 100 ppm eU3O8 from depths as shallow as 6 m (20 ft). LK-9 was reported to have intersected 355 ft of 0.027% eU3O8 starting at 59 ft, including 207 ft of 0.032% eU3O8. LK-11 was reported to have intersected 31 ft of 0.020% at 21.5 ft and 59.5 ft of 0.025% at 83.5 ft. Other reported intersections in this target area included 15.5 ft of 0.055% eU3O8 at 55 ft in hole LK-10. Higher grades were reported to be associated with a mafic dyke intruding the main fault zone through the target area. Reported widths are historical downhole widths and true widths are unknown. Equivalent ("e") uranium grades were determined by AEC gamma probes using appropriate calibration factors. No original assay certificates, complete QAQC records, probe calibration records or full original datasets have been reviewed by the Company or the Qualified Person for these historical drill results, and the results should not be relied upon as current exploration results. There is no historical mineral resource estimate for Lucky Cliff.

Myriad selected borehole positions to coincide with similar historical Union Pacific hole positions (the exact historical hole positions are not marked on surface). Thus, LUC0001DD coincides with LK-10; LUC0002DD coincides with LK-9; LUC0003DD coincides with LK-11; and LUC0004DD coincides with LHC-42 (Table 1 and Figure 1). Mineralized intervals for these holes are documented in historical reports, as mentioned above, but original data is not available for verification. Furthermore, only the most significant intervals were mentioned in the historical reports, and no comprehensive summary of intervals is available. Therefore, direct comparison of new and historical grade intervals is not possible.

Table 1: Drilled location details at Lucky Cliff

Borehole IDXYInclinationAzimuthTD (m)TD (ft)LUC0001DD2682344811962-900152.7501LUC0002DD2681064812026-900158.8521LUC0003DD2681324811885-900153.0502LUC0004DD2679914811749-900252.1827Coordinate System: WGS84 UTM13N

Figure 1: Drilled locations at Lucky Cliff

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6301/310576_2e8b7d4294216ac4_002full.jpg

Downhole Logging

Downhole logging was undertaken by Century Geophysical (Century), a respected downhole probe manufacturer and logging company based in Tulsa, Oklahoma and in business since 1946. Century deployed their "Uranium E-Log Suite", which includes Natural Gamma Ray, Resistivity, Spontaneous Potential (S.P.) and Deviation probes. Borehole deviations were additionally measured using a Gyro Deviation tool, which is unaffected by magnetic influence. Century delivered data in electronic format for each hole including log plots and calculated equivalent uranium grades.

Equivalent Uranium Grade Calculations

Century uses its OREGRADE system to convert raw gamma-ray logs into uranium grade estimates expressed as eU3O8. The process relies on a trial-and-error iterative deconvolution algorithm to model the distribution of radioactivity from gamma-ray log data. Raw gamma counts are normalized and corrected for borehole conditions by applying dead time correction, geometric multipliers for area-based K-factors and linear depth, and environmental corrections such as water factor below the water table and casing factor within cased sections. The system uses synthetic log creation and iterative interval calculations to estimate eU3O8 grades over 15 cm (0.5 foot) intervals. The final output is a grade curve and a printed report that identifies distinct zones and calculates cut-off analyses and best intervals based on grade-thickness product. These estimates remain subject to the limitations of gamma logging and confirmation by laboratory assays.

Historical Resource Estimates

The historical estimate of 26.63 Mlbs eU₃O₈ in 44.1 Mt at 171 ppm eU₃O₈, using a 100 ppm cut-off, was compiled from internal Rocky Mountain Energy Company reports, which are summarised in a report titled "Copper Mountain Exploration Project Report" by Southard, G.G., et. al. (1979). A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Myriad is not treating the historical estimate as current mineral resources or mineral reserves.

The historical estimates were completed using polygonal methods based on modelled mineralization geometries. The historical estimates used U.S. Bureau of Mines categories at the time, including terms described as "Inferred" and "Indicated," which are not current CIM terminology and should not be interpreted as current mineral resource categories. Details of the historical resource estimates are available in the current NI 43-101 Technical Report. While the QP has determined that the historical estimates described in this news release are relevant to the Copper Mountain Project Area, are reasonably reliable given the authors and circumstances of their preparation, and are suitable for public disclosure, the estimates are decades old and based on drilling data for which the logs are, as of yet, predominantly unavailable. Readers are cautioned not to place undue reliance on these historical estimates as an indicator of current mineral resources or mineral reserves at the Project Area. Also, while the Copper Mountain Project Area contains all or most of each deposit referred to, some of the resources referred to may be located outside the current Copper Mountain Project Area.

Inherent limitations of the historical estimates include that the nature of mineralization (fracture hosted) makes estimation from drill data less reliable than other deposit types (e.g. those that are thick and uniform). From Myriad Uranium's viewpoint, limitations include that the Company has not been able to verify the original data itself and that the estimates may be optimistic relative to subsequent work which applied a "delayed fission neutron" (DFN) factor to calculate grades. On the other hand, DFN is controversial, in that the approach is viewed by some experts as too conservative. Nevertheless, it was applied in later resource estimations by Union Pacific relating to Copper Mountain. To verify the historical estimates and re-state them as current resources, a program of re-drilling is required to generate new data that can be used to establish the correlation and continuity of geology and grades between boreholes with sufficient confidence to estimate mineral resources.

Qualified Person

The scientific and technical information in this news release, including the eU3O8 methodology and historical disclosure, has been reviewed and approved by George van der Walt, MSc., Pr.Sci.Nat., FGSSA, a "Qualified Person" as defined under NI 43-101. Mr. van der Walt is a Principal Consultant with The MSA Group (Pty) Ltd, an independent consultancy, and is independent of the Company for the purposes of NI 43-101. A Qualified Person has not done sufficient work to verify historical exploration results or to classify the historical estimates referred to in this news release as current mineral resources or mineral reserves, and Myriad is not treating such historical estimates as current mineral resources or mineral reserves.

About Myriad Uranium Corp.

Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project in Wyoming, USA, with a definitive agreement in place to acquire the remaining 25% via the acquisition of Rush Rare Metals Corp. Copper Mountain hosts multiple historical uranium deposits and past-producing mines, including the Arrowhead Mine (approximately 500,000 lbs U₃O₈ produced). Union Pacific conducted extensive exploration and development in the district during the late 1970s, including approximately 2,000 boreholes and advanced mine planning, before the uranium market downturn in 1980. Union Pacific is estimated to have invested approximately C$125 million (2026 dollars) in the project, generating significant historical resource estimates.

A news release detailing a comprehensive assessment of Copper Mountain's uranium endowment by Bendix Engineering for the US Department of Energy published in 1982 can be viewed here.

Myriad holds a 10% free carried interest in the Red Basin Uranium Project, recently sold to 8VC- and Overmatch-backed Subatomic Industries. Red Basin carries significant historical resource estimates from extensive drilling by Occidental Oil in the late 1970s, and also hosts vanadium, which has been designated a strategic and critical mineral by the U.S. government. Note the caution on historical estimates below.

Myriad's 100%-owned Breccia Pipe Project in Arizona comprises at least 23 breccia pipes that are prospective for uranium and REEs. One of the pipes, the Wate Pipe, was previously owned and explored by Energy Fuels and is the subject of a historical resource estimate. The Breccia Pipe Project has been optioned to Wedgemount Resources (release here).

Note: A qualified person has not done sufficient work to classify the Copper Mountain, Red Basin, and Breccia Pipe Project historical estimates as current mineral resources or mineral reserves, and Myriad is not treating those historical estimates as current mineral resources or mineral reserves. Myriad intends to conduct further work to determine whether the historical estimates can be verified and, if appropriate, supported by current mineral resource estimates.

Forward-Looking Statements

This news release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Company's mineral properties, the proposed work program on the Company's mineral properties and the potential and economic viability of the Company's mineral properties. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: inability to verify historical data, no assurance of defining mineral resources, permitting, drilling delays and changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law. The CSE has not reviewed, approved or disapproved the contents of this news release.

APPENDIX 1: Preliminary eU3O8 Grade Interval Summaries at 100, 200 and 500 ppm thresholds
Reported intervals are downhole lengths; true widths have not yet been determined.

100 ppm (minimum interval 0.91 metre / 3 feet)Hole IDFrom (m)To (m)Length (m)eU3O8 (ppm)eU3O8 (%)GT (m%)LUC0001DD18.4920.311.831760.0180.03LUC0001DD21.0821.990.911550.0150.01LUC0001DD25.0425.950.911900.0190.02LUC0001DD36.0136.930.911070.0110.01LUC0001DD38.3039.971.681600.0160.03LUC0001DD45.4648.362.901530.0150.04LUC0001DD53.2354.761.521520.0150.02LUC0001DD57.8158.570.761530.0150.01LUC0001DD59.6361.621.981360.0140.03LUC0001DD67.5670.302.741470.0150.04LUC0001DD77.4678.991.521370.0140.02LUC0001DD103.37104.290.911460.0150.01LUC0001DD105.20107.792.591120.0110.03LUC0001DD118.46130.8012.341580.0160.19LUC0002DD21.6923.521.831750.0180.03LUC0002DD29.6134.494.881390.0140.07LUC0002DD36.6241.194.572000.0200.09LUC0002DD43.3343.940.611520.0150.01LUC0002DD45.1651.566.404080.0410.26LUC0002DD66.8068.171.371200.0120.02LUC0002DD72.1375.183.051380.0140.04LUC0002DD79.4580.821.371550.0150.02LUC0002DD83.4184.631.221580.0160.02LUC0002DD85.08100.6315.541790.0180.28LUC0002DD101.09103.982.901540.0150.04LUC0002DD105.35107.341.981460.0150.03LUC0002DD113.89114.650.761180.0120.01LUC0002DD129.59132.182.591200.0120.03LUC0002DD138.58140.411.831820.0180.03LUC0003DD11.7812.540.761210.0120.01LUC0003DD18.9421.692.743890.0390.11LUC0003DD25.5026.110.611350.0140.01LUC0003DD28.5431.142.592530.0250.07LUC0003DD33.2740.747.471860.0190.14LUC0003DD48.3649.581.221050.0100.01LUC0003DD57.0457.960.911240.0120.01LUC0003DD58.5759.941.371200.0120.02LUC0003DD68.6371.372.741220.0120.03LUC0003DD76.8677.620.761120.0110.01LUC0004DD18.0037.9619.962690.0270.54LUC0004DD55.0356.251.221910.0190.02LUC0004DD58.2361.893.662590.0260.09LUC0004DD62.6564.942.291860.0190.04LUC0004DD66.6168.291.681220.0120.02LUC0004DD85.3686.270.911170.0120.01LUC0004DD88.1088.860.761630.0160.01LUC0004DD89.3291.151.831380.0140.03LUC0004DD189.75190.670.911140.0110.01LUC0004DD206.67207.430.761240.0120.01LUC0004DD249.34250.100.761370.0140.01200 ppm Cut-off (minimum interval 0.3 metre / 1 foot)Hole IDFrom (m)To (m)Length (m)eU3O8 (ppm)eU3O8 (%)GT (m%)LUC0001DD18.6419.400.762520.0250.02LUC0001DD125.62126.691.072220.0220.02LUC0001DD127.76129.591.832500.0250.05LUC0002DD22.6023.210.612280.0230.01LUC0002DD33.8834.340.462450.0250.01LUC0002DD37.2337.690.462010.0200.01LUC0002DD38.6039.520.912970.0300.03LUC0002DD40.1340.580.463110.0310.01LUC0002DD46.5351.254.725010.0500.24LUC0002DD85.6986.911.222640.0260.03LUC0002DD88.8989.660.762450.0250.02LUC0002DD90.5791.490.912090.0210.02LUC0002DD93.4794.531.072470.0250.03LUC0002DD97.7398.801.072440.0240.03LUC0002DD139.03139.640.612590.0260.02LUC0003DD19.1021.382.294380.0440.10LUC0003DD28.8530.531.683160.0320.05LUC0003DD35.8636.320.463230.0320.01LUC0003DD37.8440.282.442280.0230.06LUC0004DD23.0324.251.222350.0240.03LUC0004DD24.8630.345.495080.0510.28LUC0004DD34.6135.981.374930.0490.07LUC0004DD60.5261.741.223600.0360.04500 ppm (minimum interval 0.3 metre / 1 foot)Hole IDFrom (m)To (m)Length (m)eU3O8 (ppm)eU3O8 (%)GT (m%)LUC0002DD46.6846.980.306650.0670.02LUC0002DD47.5948.661.078210.0820.09LUC0002DD48.9749.270.305990.0600.02LUC0004DD26.9928.971.988660.0870.17LUC0004DD34.9135.680.766480.0650.051 A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Myriad is not treating the historical estimate as current mineral resources or mineral reserves. See note about historical estimates.
2 The potential quantity and grade of the Exploration Target are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the Exploration Target being delineated as a mineral resource.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310576

Source: Myriad Uranium Corp.

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Aurora Investment Counsel purchased a new position in shares of Globe Life Inc. (NYSE:GL – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,763 shares of the company’s stock, valued at approximately $2,280,000. Globe Life accounts for 1.2% of Aurora Investment Counsel’s investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds also recently bought and sold shares of the stock. Compound Planning Inc. grew its holdings in Globe Life by 4.3% during the 4th quarter. Compound Planning Inc. now owns 1,968 shares of the company’s stock worth $275,000 after acquiring an additional 82 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Globe Life by 23.3% in the 1st quarter. Root Financial Partners LLC now owns 439 shares of the company’s stock valued at $61,000 after purchasing an additional 83 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Globe Life by 5.6% during the 4th quarter. Parallel Advisors LLC now owns 1,651 shares of the company’s stock worth $231,000 after purchasing an additional 87 shares during the last quarter. First United Bank & Trust lifted its position in shares of Globe Life by 2.1% during the 1st quarter. First United Bank & Trust now owns 4,355 shares of the company’s stock worth $606,000 after purchasing an additional 90 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Globe Life by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,366 shares of the company’s stock worth $329,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Globe Life Stock Performance Shares of GL opened at $171.74 on Thursday. The company’s 50 day simple moving average is $178.16 and its 200-day simple moving average is $158.21. The firm has a market cap of $13.20 billion, a PE ratio of 11.40 and a beta of 0.48. Globe Life Inc. has a 12-month low of $127.85 and a 12-month high of $191.55. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.43.

Globe Life (NYSE:GL – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $3.61 EPS for the quarter, missing the consensus estimate of $3.67 by ($0.06). Globe Life had a net margin of 19.58% and a return on equity of 20.52%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the company earned $3.05 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, equities analysts predict that Globe Life Inc. will post 15.71 EPS for the current year. Globe Life Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Monday, October 5th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. Globe Life’s dividend payout ratio (DPR) is currently 8.76%.

Globe Life declared that its Board of Directors has initiated a stock repurchase plan on Monday, August 10th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 17.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes Several equities analysts recently commented on the company. Piper Sandler increased their target price on Globe Life from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Wells Fargo & Company lifted their price target on Globe Life from $172.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods lowered their price objective on Globe Life from $192.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Truist Financial upped their price objective on Globe Life from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Jefferies Financial Group increased their price objective on Globe Life from $147.00 to $166.00 and gave the company a “hold” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

Check Out Our Latest Stock Analysis on GL

Insider Transactions at Globe Life In other news, CEO James Matthew Darden sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $182.43, for a total value of $9,121,500.00. Following the transaction, the chief executive officer owned 58,451 shares of the company’s stock, valued at approximately $10,663,215.93. The trade was a 46.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frank M. Svoboda sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $156.68, for a total value of $3,133,600.00. Following the completion of the transaction, the chief executive officer directly owned 54,020 shares in the company, valued at approximately $8,463,853.60. The trade was a 27.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 179,844 shares of company stock worth $31,616,279 over the last three months. 2.11% of the stock is currently owned by company insiders.

Globe Life Company Profile (Free Report)

Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.

The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.

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