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State Street SPDR Portfolio Developed World ex-US ETF (SPDW -0.30%) targets established international economies with extremely low fees, while iShares Core MSCI Emerging Markets ETF (IEMG +0.40%) provides exposure to higher-growth developing nations.

Investors seeking international diversification must often decide between established developed markets and faster-growing emerging economies. While both the State Street and iShares funds provide broad exposure outside the United States, they target different geographic regions and risk profiles. This comparison examines how their costs, yields, and underlying holdings differ.

Snapshot (cost & size)MetricIEMGSPDWIssueriSharesSPDRShare price$78.09 (as of 2026-10-15)$49.52 (as of 2026-10-15)Expense ratio0.09%0.03%1-yr return (as of Oct. 15, 2026)20.3%18.5%Dividend yield2.4%3.1%Beta0.760.86AUM$154.5 billion$40.8 billionBeta measures price volatility relative to the S&P 500; beta is calculated from monthly returns over the available fund history (up to five years). The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.

The State Street fund is significantly more affordable, with an expense ratio of 0.03% that undercuts the 0.09% fee charged by the iShares ETF. It also offers a more significant income stream, with a trailing yield 0.84 percentage points higher.

Performance & risk comparisonMetricIEMGSPDWMax drawdown (5 yr)(32.7%)(29.8%)Growth of $1,000 over 5 years (total return)$1,417$1,557What's insideState Street SPDR Portfolio Developed World ex-US ETF focuses on major economies like Japan, the United Kingdom, and Canada. Its portfolio is concentrated in financial services (25%), industrials (18%), and technology (15%). The fund holds 2,417 stocks, and its largest positions include Samsung Electronics (KOSE:A005930)) at 2.32%, ASML Holding (ASML +0.72%) at 1.95%, and SK Hynix (SKHY +4.05%) at 1.72%. It was launched in 2007. State Street SPDR Portfolio Developed World ex-US ETF has paid $1.52 per share over the trailing 12 months, which on its recent ~$49.52 share price works out to a 3.1% yield.

The iShares Core MSCI Emerging Markets ETF provides a different flavor of international exposure by tracking 2,801 companies in developing nations like China, India, and Brazil. It leans significantly more into technology at 42%, followed by financial services at 21% and consumer cyclicals at 8%. Top holdings include Taiwan Semiconductor Manufacturing (TSM +1.49%) at 13.99%, Samsung Electronics at 5.94%, and SK Hynix at 4.06%. It was launched in 2012. iShares Core MSCI Emerging Markets ETF has paid $1.80 per share over the trailing 12 months, which on its recent ~$78.09 share price works out to a 2.2% yield.

For more guidance on ETF investing, check out the full guide at this link.

Which looks like the better buyBoth funds offer compelling opportunities outside the U.S., but for long-term investors, the State Street SPDR Portfolio Developed World ex-US ETF looks like the better buy.

The iShares Core MSCI Emerging Markets ETF is certainly attractive given its substantial exposure to the semiconductor industry. Companies like Taiwan Semiconductor Manufacturing, Samsung Electronics, and SK Hynix are central to the global AI infrastructure buildout, providing investors with exposure to one of the most significant growth trends in today's market.

However, that opportunity comes with additional risks. Emerging markets remain sensitive to currency fluctuations, geopolitical uncertainty, and shifts in global investor sentiment. With roughly 42% of its portfolio concentrated in technology, the fund is also heavily dependent on the industry's continued strength.

Meanwhile, the State Street fund offers a considerably lower expense ratio of just 0.03%, a higher dividend yield, and exposure to established international economies. It also maintains holdings in semiconductor leaders, allowing investors to participate in the AI boom without concentrating so heavily on technology.

For investors looking to build a diversified international portfolio, State Street's ETF looks better positioned. The iShares fund may deliver greater upside, but the State Street SPDR Portfolio Developed World ex-US ETF offers a more balanced combination of income, cost efficiency, and long-term growth potential.

Crossmark Global Holdings Inc. increased its stake in Eli Lilly and Company (NYSE:LLY – Free Report) by 5.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,657 shares of the company’s stock after purchasing an additional 2,507 shares during the period. Eli Lilly and Company makes up 0.7% of Crossmark Global Holdings Inc.’s holdings, making the stock its 25th biggest holding. Crossmark Global Holdings Inc.’s holdings in Eli Lilly and Company were worth $53,986,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Maseco LLP increased its stake in Eli Lilly and Company by 466.7% in the first quarter. Maseco LLP now owns 34 shares of the company’s stock valued at $31,000 after acquiring an additional 28 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in shares of Eli Lilly and Company by 60.0% in the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 40 shares of the company’s stock valued at $37,000 after purchasing an additional 15 shares in the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Eli Lilly and Company during the 1st quarter worth $42,000. Caitlin John LLC bought a new stake in shares of Eli Lilly and Company during the 2nd quarter worth $64,000. Finally, IMG Wealth Management Inc. boosted its stake in Eli Lilly and Company by 500.0% in the second quarter. IMG Wealth Management Inc. now owns 60 shares of the company’s stock valued at $72,000 after buying an additional 50 shares in the last quarter. Institutional investors own 82.53% of the company’s stock.

Trending Headlines about Eli Lilly and Company Here are the key news stories impacting Eli Lilly and Company this week:

Positive Sentiment: Manufacturing expansion supports long-term growth. Lilly broke ground on a $5 billion facility in Goochland County, Virginia, its first U.S. site designed to produce both active pharmaceutical ingredients and finished medicines. The project is part of a more than $50 billion U.S. manufacturing expansion and is expected to create 650 jobs, improving supply capacity for next-generation cancer and other complex medicines. Lilly Richmond manufacturing facility announcement Positive Sentiment: Weight-loss drug demand remains a major growth driver. Analysts expect emerging-market sales of weight-loss drugs to become a significant opportunity, supporting the long-term outlook for Mounjaro, Zepbound and related incretin products. Lilly’s recent growth has been driven by increasing volume, even as pricing has declined. JP Morgan emerging-market weight-loss drug outlook Positive Sentiment: Some analysts are raising earnings expectations. Erste Group Bank increased its FY2027 EPS forecast for Lilly to $47.77 from $47.30, signaling confidence in the company’s longer-term earnings trajectory. Erste Group Bank EPS estimate update Neutral Sentiment: ESG progress may support the company’s reputation but is unlikely to drive near-term trading. Lilly was cited for combining philanthropy with environmental initiatives while maintaining rapid commercial growth. Eli Lilly sustainability leadership article Negative Sentiment: Near-term earnings risk is weighing on sentiment. Previews anticipate a decline in third-quarter earnings, raising concerns that the stock’s elevated valuation leaves limited room for disappointment ahead of the upcoming report. Lilly Q3 earnings preview Negative Sentiment: Institutional trimming adds selling pressure. Polen Capital reduced its position in Lilly during the third quarter, although it reportedly maintained confidence in the company’s outlook. Polen Capital trims Lilly position Analyst Ratings Changes A number of research analysts have issued reports on the company. Weiss Ratings upgraded Eli Lilly and Company from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $1,500.00 price target on shares of Eli Lilly and Company in a research note on Monday, October 12th. Wells Fargo & Company raised their price objective on Eli Lilly and Company from $1,280.00 to $1,330.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. The Goldman Sachs Group restated a “buy” rating and set a $1,413.00 price objective on shares of Eli Lilly and Company in a research report on Tuesday. Finally, TD Cowen reaffirmed a “buy” rating and issued a $1,250.00 target price on shares of Eli Lilly and Company in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,317.93. Get Our Latest Stock Report on Eli Lilly and Company

LLY stock opened at $1,275.50 on Friday. The stock’s 50 day simple moving average is $1,186.64 and its 200 day simple moving average is $1,120.24. The company has a market cap of $1.20 trillion, a P/E ratio of 42.80, a price-to-earnings-growth ratio of 1.74 and a beta of 0.46. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.00 and a current ratio of 1.35. Eli Lilly and Company has a fifty-two week low of $809.63 and a fifty-two week high of $1,321.21.

Eli Lilly and Company (NYSE:LLY – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $8.38 EPS for the quarter, topping the consensus estimate of $6.40 by $1.98. Eli Lilly and Company had a net margin of 33.53% and a return on equity of 97.83%. The company had revenue of $22.97 billion during the quarter, compared to the consensus estimate of $20.82 billion. During the same period in the previous year, the firm posted $6.31 earnings per share. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. Eli Lilly and Company has set its FY 2026 guidance at 35.500-36.500 EPS. On average, research analysts expect that Eli Lilly and Company will post 33.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Eli Lilly and Company In other Eli Lilly and Company news, EVP Anat Hakim sold 5,000 shares of Eli Lilly and Company stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $1,190.00, for a total transaction of $5,950,000.00. Following the completion of the transaction, the executive vice president owned 11,875 shares in the company, valued at approximately $14,131,250. The trade was a 29.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Patrik Jonsson sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,175.10, for a total value of $7,638,150.00. Following the completion of the transaction, the executive vice president owned 54,147 shares in the company, valued at $63,628,139.70. This represents a 10.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 13,500 shares of company stock worth $15,958,170. Insiders own 0.14% of the company’s stock.

Eli Lilly and Company Profile (Free Report)

Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company that discovers, develops, manufactures and markets medicines for a range of medical conditions. Its major therapeutic areas include diabetes and obesity, oncology, immunology, neuroscience and cardiovascular health.

The company’s portfolio includes Mounjaro and Trulicity for diabetes, Zepbound for chronic weight management, Humalog insulin, Taltz for inflammatory diseases, Verzenio for certain breast cancers and Kisunla for early symptomatic Alzheimer’s disease.

Featured Articles Five stocks we like better than Eli Lilly and Company Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat

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Halter Ferguson Financial Inc. trimmed its position in Eli Lilly and Company (NYSE: LLY) by 90.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 814 shares of the company's stock after selling 7,473 shares during the

Brookstone Capital Management reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,082 shares of the aerospace company’s stock after selling 852 shares during the quarter. Brookstone Capital Management’s holdings in Lockheed Martin were worth $10,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LMT. SeaCrest Wealth Management LLC boosted its stake in Lockheed Martin by 2.9% in the third quarter. SeaCrest Wealth Management LLC now owns 1,621 shares of the aerospace company’s stock valued at $825,000 after acquiring an additional 46 shares during the last quarter. NBT Bank N.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at $4,194,000. Isthmus Partners LLC raised its position in shares of Lockheed Martin by 0.6% during the 3rd quarter. Isthmus Partners LLC now owns 24,384 shares of the aerospace company’s stock valued at $12,418,000 after acquiring an additional 138 shares during the last quarter. Precedent Wealth Partners LLC lifted its stake in shares of Lockheed Martin by 19.3% in the 3rd quarter. Precedent Wealth Partners LLC now owns 5,673 shares of the aerospace company’s stock valued at $2,889,000 after purchasing an additional 919 shares during the period. Finally, Smith Chas P & Associates PA Cpas lifted its stake in shares of Lockheed Martin by 0.8% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 88,708 shares of the aerospace company’s stock valued at $48,975,000 after purchasing an additional 668 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance Shares of LMT opened at $604.87 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.01 and a current ratio of 1.26. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The firm’s 50 day moving average price is $538.52 and its two-hundred day moving average price is $542.30. The firm has a market cap of $139.60 billion, a P/E ratio of 21.49, a PEG ratio of 1.27 and a beta of 0.09.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. The firm had revenue of $20.71 billion during the quarter, compared to analyst estimates of $20.48 billion. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.95 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 30.49 EPS for the current fiscal year. Lockheed Martin Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 annualized dividend and a dividend yield of 2.4%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio (DPR) is 51.15%.

Wall Street Analysts Forecast Growth Several research analysts have recently issued reports on LMT shares. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 17th. Vertical Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a report on Wednesday, October 14th. Morgan Stanley increased their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Finally, Citigroup boosted their target price on Lockheed Martin from $691.00 to $706.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $632.33.

Get Our Latest Stock Report on Lockheed Martin

Lockheed Martin News Summary Here are the key news stories impacting Lockheed Martin this week:

Positive Sentiment: Q3 beat and raised outlook: Lockheed reported adjusted EPS of $7.97 versus the $7.52 consensus, while revenue rose 11.3% year over year to $20.71 billion. Management now expects 2026 sales of $80 billion-$82 billion and EPS of $30.35-$30.75. Lockheed Martin Reports Third Quarter 2026 Financial Results Positive Sentiment: Record backlog supports future revenue: Total backlog reached approximately $292 billion, up sharply from the prior quarter, with much of the increase coming from PAC-3 and THAAD missile-defense orders. Missiles and Fire Control sales grew 24% as production accelerated, strengthening visibility into long-term growth. Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Positive Sentiment: Long-term F-35 commitment: The Pentagon and Lockheed announced an initial framework for producing 850 F-35 aircraft over 10 years. The agreement provides greater production visibility and could improve supply-chain efficiency, although Lockheed will invest about $7 billion in supporting projects. Pentagon, Lockheed announce agreement for 850 F-35 jets Positive Sentiment: Cash flow and shareholder returns: Lockheed raised its 2026 free-cash-flow outlook to roughly $7.8 billion-$8.0 billion and recently increased its quarterly dividend 4.4% to $3.60 per share. Lockheed Martin, Interactive Brokers, AEP Hike Dividends on Strong Growth Neutral Sentiment: Industry forecasts point to strong growth in defense electronics and land-based C4ISR, potentially expanding Lockheed Martin’s addressable market, but these reports are third-party projections rather than new company contracts. Negative Sentiment: Execution and funding risks remain: The backlog must be converted into deliveries and cash. F-35 deliveries fell year over year, and Lockheed said spending on the Lot 20 advance contract has exceeded currently authorized funding. Higher contract assets and supply-chain constraints could also delay cash collection or pressure margins. Lockheed is spending its own money before Washington signs off (Free Report)

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.

Recommended Stories Five stocks we like better than Lockheed Martin Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT – Free Report).

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Carderock Capital Management Inc. acquired a new position in Cummins Inc. (NYSE:CMI – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,184 shares of the company’s stock, valued at approximately $612,000.

Other large investors also recently modified their holdings of the company. BIP Wealth LLC lifted its position in shares of Cummins by 44.5% during the 3rd quarter. BIP Wealth LLC now owns 448 shares of the company’s stock worth $231,000 after buying an additional 138 shares in the last quarter. River Street Advisors LLC boosted its stake in shares of Cummins by 10.5% in the 3rd quarter. River Street Advisors LLC now owns 7,621 shares of the company’s stock worth $3,937,000 after buying an additional 724 shares during the last quarter. MBL Wealth LLC grew its holdings in shares of Cummins by 114.3% in the third quarter. MBL Wealth LLC now owns 885 shares of the company’s stock valued at $457,000 after acquiring an additional 472 shares in the last quarter. OLD Second National Bank of Aurora grew its holdings in shares of Cummins by 2.5% in the third quarter. OLD Second National Bank of Aurora now owns 15,355 shares of the company’s stock valued at $7,932,000 after acquiring an additional 374 shares in the last quarter. Finally, NBT Bank N.A. purchased a new stake in shares of Cummins during the third quarter valued at approximately $678,000. Institutional investors own 83.46% of the company’s stock.

Analysts Set New Price Targets
Several equities research analysts have recently issued reports on CMI shares. Wall Street Zen lowered Cummins from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Wells Fargo & Company cut their price target on shares of Cummins from $874.00 to $760.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. CICC Research began coverage on shares of Cummins in a research report on Sunday, August 23rd. They set an “outperform” rating and a $781.00 price target for the company. Barclays decreased their price objective on shares of Cummins from $760.00 to $675.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Evercore lowered their price objective on shares of Cummins from $845.00 to $782.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cummins currently has a consensus rating of “Moderate Buy” and a consensus target price of $703.18.

View Our Latest Research Report on Cummins
Insider Activity at Cummins
In related news, VP Earl Newsome sold 698 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $572.22, for a total value of $399,409.56. Following the completion of the transaction, the vice president directly owned 4,479 shares of the company’s stock, valued at approximately $2,562,973.38. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

Cummins Trading Down 0.4%
Shares of Cummins stock opened at $517.64 on Friday. Cummins Inc. has a 52-week low of $413.98 and a 52-week high of $737.76. The stock’s 50-day simple moving average is $545.26 and its 200 day simple moving average is $619.42. The stock has a market capitalization of $71.26 billion, a P/E ratio of 26.45, a P/E/G ratio of 1.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.73.

Cummins (NYSE:CMI – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.48). The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. Cummins had a return on equity of 25.29% and a net margin of 7.82%. Cummins’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.43 EPS. As a group, research analysts anticipate that Cummins Inc. will post 29.98 EPS for the current year.

Cummins Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Friday, November 20th will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 20th. Cummins’s dividend payout ratio is presently 44.97%.

Cummins Company Profile
(Free Report)

Cummins Inc is a global power technology company headquartered in Columbus, Indiana. Founded in 1919, the company designs, manufactures, sells and services engines and power systems for commercial vehicles, industrial equipment, mining, construction, agriculture, marine applications and other markets.

Cummins’ product portfolio includes diesel and natural gas engines, generators and other power-generation equipment, as well as fuel systems, filtration products, emissions-control systems, turbochargers and drivetrain components.

Featured Stories

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Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat

Want to see what other hedge funds are holding CMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cummins Inc. (NYSE:CMI – Free Report).

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Crossmark Global Holdings Inc. decreased its holdings in shares of Cummins Inc. (NYSE:CMI – Free Report) by 16.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,706 shares of the company’s stock after selling 1,551 shares during the period. Crossmark Global Holdings Inc.’s holdings in Cummins were worth $3,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Cummins in the second quarter valued at $8,204,241,000. Bank of America Corp DE acquired a new stake in shares of Cummins in the second quarter valued at about $1,408,353,000. Bank of New York Mellon Corp purchased a new stake in shares of Cummins during the 2nd quarter worth approximately $973,198,000. Legal & General Group Plc acquired a new stake in shares of Cummins in the second quarter valued at approximately $666,635,000. Finally, Amundi grew its holdings in Cummins by 19.7% during the 2nd quarter. Amundi now owns 893,772 shares of the company’s stock valued at $637,446,000 after buying an additional 147,093 shares during the last quarter. 83.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cummins In related news, VP Earl Newsome sold 698 shares of Cummins stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $572.22, for a total value of $399,409.56. Following the completion of the transaction, the vice president owned 4,479 shares in the company, valued at approximately $2,562,973.38. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

Cummins Trading Down 0.4% NYSE CMI opened at $517.64 on Friday. Cummins Inc. has a twelve month low of $413.98 and a twelve month high of $737.76. The company has a market capitalization of $71.26 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.37 and a beta of 1.24. The stock’s 50-day simple moving average is $545.26 and its two-hundred day simple moving average is $619.42. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.48. Cummins (NYSE:CMI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $6.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.21 by ($0.48). Cummins had a return on equity of 25.29% and a net margin of 7.82%. The firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same period last year, the business earned $6.43 EPS. Cummins’s revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Cummins Inc. will post 29.98 EPS for the current fiscal year.

Cummins Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 20th will be given a dividend of $2.20 per share. The ex-dividend date is Friday, November 20th. This represents a $8.80 annualized dividend and a yield of 1.7%. Cummins’s dividend payout ratio (DPR) is 44.97%.

Analyst Ratings Changes Several research analysts have commented on CMI shares. UBS Group cut their price objective on Cummins from $835.00 to $741.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Barclays dropped their target price on shares of Cummins from $760.00 to $675.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Weiss Ratings cut shares of Cummins from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 31st. Zacks Research lowered shares of Cummins from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Cummins from $874.00 to $760.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $703.18.

View Our Latest Analysis on Cummins

About Cummins (Free Report)

Cummins Inc is a global power technology company headquartered in Columbus, Indiana. Founded in 1919, the company designs, manufactures, sells and services engines and power systems for commercial vehicles, industrial equipment, mining, construction, agriculture, marine applications and other markets.

Cummins’ product portfolio includes diesel and natural gas engines, generators and other power-generation equipment, as well as fuel systems, filtration products, emissions-control systems, turbochargers and drivetrain components.

Further Reading Five stocks we like better than Cummins Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat

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Axxcess Wealth Management LLC lessened its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 37.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,570 shares of the business services provider’s stock after selling 3,904 shares during the period. Axxcess Wealth Management LLC’s holdings in Automatic Data Processing were worth $1,695,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADP. Northwestern Mutual Wealth Management Co. acquired a new position in Automatic Data Processing during the second quarter worth approximately $13,283,000. Royal Capital Wealth Management LLC purchased a new stake in Automatic Data Processing in the second quarter valued at approximately $1,226,000. Canada Pension Plan Investment Board acquired a new stake in shares of Automatic Data Processing in the second quarter valued at approximately $152,706,000. Fulton Bank N.A. boosted its holdings in shares of Automatic Data Processing by 192.0% in the second quarter. Fulton Bank N.A. now owns 7,165 shares of the business services provider’s stock valued at $1,605,000 after acquiring an additional 4,711 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Automatic Data Processing during the second quarter worth approximately $1,231,175,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Trading Down 1.2% NASDAQ:ADP opened at $304.16 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $309.40. The firm has a market capitalization of $120.52 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 2.79 and a beta of 0.83. The business’s 50-day moving average is $275.45 and its two-hundred day moving average is $245.48.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.44 billion. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 earnings per share. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Research analysts predict that Automatic Data Processing, Inc. will post 12.27 earnings per share for the current fiscal year. Automatic Data Processing Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 11th. Automatic Data Processing’s payout ratio is currently 62.16%.

Insider Transactions at Automatic Data Processing In other news, VP Joseph Desilva sold 631 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $282.87, for a total value of $178,490.97. Following the completion of the transaction, the vice president owned 18,824 shares in the company, valued at approximately $5,324,744.88. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Maria Black sold 29,810 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $280.91, for a total value of $8,373,927.10. Following the sale, the chief executive officer directly owned 80,624 shares in the company, valued at approximately $22,648,087.84. This represents a 26.99% 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. Insiders sold 33,773 shares of company stock valued at $9,450,629 in the last three months. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In Several brokerages have recently weighed in on ADP. Wells Fargo & Company increased their target price on shares of Automatic Data Processing from $248.00 to $283.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. BMO Capital Markets increased their price target on Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Stifel Nicolaus increased their price target on Automatic Data Processing from $260.00 to $285.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Citigroup lifted their price objective on shares of Automatic Data Processing from $230.00 to $287.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, Guggenheim boosted their price objective on shares of Automatic Data Processing from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus price target of $276.36.

Get Our Latest Stock Analysis on Automatic Data Processing

(Free Report)

Automatic Data Processing, Inc (NASDAQ: ADP) is a global provider of human capital management and business outsourcing solutions. The company helps employers manage payroll, human resources, workforce administration, benefits, tax compliance, time and attendance, talent management, and related employment processes.

ADP offers cloud-based platforms and services designed for businesses of various sizes, from small enterprises to large organizations. Its portfolio includes payroll processing, human resources management, employee benefits administration, retirement services, workforce management, data analytics, and professional employer organization services through ADP TotalSource.

Founded in 1949, ADP serves businesses in the United States and international markets.

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The 70 million baby boomers have just started turning 80, and five landlords are racing to collect on that wave. But their yields split into two very different stories about risk, and one of them just posted a nine-figure loss…

Senior housing landlords are now collecting on the largest age wave in U.S. history. On the company’s July 30, 2026 earnings call, Ventas (NYSE:VTR) CEO Debra A. Cafaro said: “The leading edge of the nearly 70 million baby boomers has just begun turning 80 this year, ushering in a decade where the growth rate of the senior population more than doubles.” She also laid out the supply gap in one line: “There were a little over 1,000 starts this quarter, and 2 million people are turning 80 just in 2026.”

All five REITs below are equity REITs. They own buildings and collect rent or operating income. That sets them apart from mortgage REITs, which hold property loans and carry interest rate and credit risk that landlords avoid. (Some of these REITs do make loans to operators, and we flag that below.) Their yields split them into two groups. Welltower (NYSE:WELL) and Ventas are large owners of private-pay senior housing, and the market prices them for growth. CareTrust REIT (NYSE:CTRE), Sabra Health Care REIT (NASDAQ:SBRA), and LTC Properties (NYSE:LTC) pay more because more of their income comes from skilled nursing operators, who depend on Medicare and Medicaid. Every dividend-safety read below uses funds from operations (FFO) or adjusted FFO/funds available for distribution (FAD). Those REIT cash-flow measures add back depreciation, which makes a GAAP earnings payout ratio misleading for property owners.

REIT
Price
Dividend Yield
Annualized Dividend
Payout vs. 2026 Guidance Midpoint

Welltower
$237.38
1.31%
$3.40
About 53% of Normalized FFO

Ventas
$86.55
2.34%
$2.08
About 54% of Normalized FFO

CareTrust REIT
$36.85
4.07%
$1.56
About 76% of Normalized FAD

Sabra Health Care REIT
$19.57
6.18%
$1.20
About 75% of Normalized AFFO

LTC Properties
$43.48
5.43%
$2.28
About 80% of Core FAD

Welltower: A Fresh Dividend Hike With Half the Cash Flow Left Over
What it owns: Welltower is the biggest name in the group, with a market cap of about $170.8 billion. It owns operating and triple-net senior housing, outpatient medical buildings, and long-term/post-acute care properties. Its senior housing operating portfolio (SHOP) produced about 70% of total NOI in the second quarter. The company expanded into Canada by acquiring Amica Senior Lifestyles, which added 38 communities worth C$4.1 billion on a pro rata basis. That deal closed on April 1, 2026.

Demand background: SHOP same-store NOI grew 20.5% in Q2. Same-store occupancy rose to 89.4% from 86.1%, and revenue per occupied room (RevPOR) increased 5.2%. Management called it the 15th consecutive quarter of NOI growth above 20%.

Yield and coverage: The stock yields 1.31%. Welltower raised its quarterly dividend 15% to $0.85, which was its 221st consecutive quarterly dividend. Against full-year Normalized FFO guidance of $6.36 to $6.44 per share, the $3.40 annualized payout uses about 53% of FFO. Leverage is also light, with net debt to adjusted EBITDA at 2.99x.

Bull case: Welltower’s customers have the money to keep paying higher rents. CEO Shankh S. Mitra put it this way on the call: “We serve the wealthiest age cohorts in history, with a significant concentration of wealth held by the baby boomer generation.” The company has completed or signed about $15.5 billion of investments so far this year. Investors have already priced in much of that growth: shares are up 29.25% year to date.

Risk: In a SHOP structure, Welltower bears operating costs directly, so the health of the operator workforce matters. Mitra said long-term labor availability remains a concern because the labor force is shrinking and there are fewer family caregivers. If wage inflation outpaces RevPOR, the margin story starts to unwind.

Ventas: Payout Growth Backed by an Occupancy Runway
What it owns: Ventas, with a market cap of about $44.4 billion, reports three segments: SHOP, Outpatient Medical and Research, and Triple-Net Leased Properties. Management expects SHOP to make up 60% of a $60 billion enterprise by year-end.

Demand background: SHOP same-store cash NOI grew 16.3% in Q2, and U.S. SHOP grew 18%. U.S. same-store occupancy rose 360 basis points, and RevPOR increased 5%. U.S. senior housing occupancy remains at only 87%, leaving room for further gains.

Yield and coverage: The stock yields 2.34%. The quarterly dividend is $0.52, up from $0.48 through 2025, for an annualized $2.08. Full-year Normalized FFO guidance rose to $3.85-$3.90 per share, so the payout uses about 54% of FFO at the center. Net debt to adjusted EBITDA improved to 4.7x from 5.6x. Retirees should know the history, though. Ventas cut its quarterly payout from $0.7925 to $0.45 in 2020, and the current dividend is still below that pre-pandemic level.

Bull case: Fuller buildings earn significantly more. Justin Hutchens, who runs the senior housing business, said: “The communities currently 90% or more occupied delivered 25% NOI growth.” Ventas raised its 2026 investment target to $4.5 billion, with an average expected year-one yield of 6.6%.

Risk: Much of the growth depends on operator turnarounds. Non-same-store assets, a large share of them former Brookdale communities now moving to new operators, account for about 25% of SHOP NOI. Ventas is also funding growth with equity: it has raised $4.2 billion, and $1.6 billion of that is still pending. If the turnarounds stall, those new shares dilute existing holders.

CareTrust REIT: Skilled Nursing Income With Low Leverage
What it owns: CareTrust’s portfolio leans toward triple-net skilled nursing. It also has a growing book of senior housing leases, a small SHOP segment, and U.K. care homes acquired through Care REIT plc, which make up about 18% of annualized rent. The portfolio includes 628 properties and 58,775 beds/units. Its loans, which add credit exposure, go almost entirely to skilled nursing operators and usually come attached to purchase options on the real estate.

Operator health: Because CareTrust collects rent from operators, the key measure is EBITDARM coverage: operator earnings before interest, taxes, depreciation, amortization, rent, and management fees, divided by rent. It was at 3.21x for skilled nursing and 2.16x for senior housing. CareTrust collected 100% of contractual rent and interest. Stabilized portfolio occupancy was 83.9%.

Yield and coverage: The stock yields 4.07% on a $0.39 quarterly dividend. The company puts its payout at about 76% of Normalized FAD, and full-year FAD guidance is $2.01 to $2.04 per share. Net debt to normalized run-rate EBITDA is just 1.0x, and the company has no scheduled debt maturities before 2028.

Bull case: CareTrust is growing FFO per share faster than anyone else in this group. Normalized FFO guidance of $2.03 to $2.06 means 16.2% growth over 2025 at the center. It closed $899.6 million in Q2 investments at a combined stabilized yield of 8.9%. Chief Investment Officer James Callister explained the math behind favoring skilled nursing: stabilized SHOP assets trade at “mid- to low-5 cap,” while “SNF and other opportunities” offer yields in the “high-8s or 9s.”

Risk: Medicare and Medicaid reimbursement, along with federal staffing rules such as the CMS minimum staffing requirement, ultimately decide whether operators can pay rent. CEO David Sedgwick called the environment “stable from a regulatory and reimbursement standpoint,” but CareTrust still recorded a $4.67 million provision for loan losses in Q2.

Sabra Health Care REIT: An Ultra-High Yield With a Write-Down in the Numbers
What it owns: Sabra owns skilled nursing and transitional care facilities, leased and managed senior housing, behavioral health hospitals, and specialty hospitals. CEO Rick Matros said the company will soon be “roughly 95% senior housing and skilled nursing.”

Demand background: Same-store managed senior housing cash NOI grew 13.7%. Managed portfolio occupancy rose to 85.4% from 82.8%, and margin extended to 31.2% from 27.3%. Skilled nursing EBITDARM coverage reached 2.49x.

Yield and coverage: At 6.18%, Sabra is the only ultra-high-yield name here, so check coverage first. The quarterly dividend of $0.30 was 75% of Q2 Normalized AFFO. Full-year Normalized AFFO guidance is $1.59 to $1.61 per share, and Normalized FFO guidance of $1.53 to $1.55 means about a 78% FFO payout. GAAP results show why earnings payout ratios mislead for REITs. Sabra posted a GAAP loss of $0.10 per share, mostly because of a non-cash $102.4 million loan-loss provision, while Normalized FFO came in at $0.38. The dividend has held at $0.30 since Sabra cut it from $0.45 in 2020.

Bull case: The combined SHOP portfolio grew from 73 to 94 properties over the past year. Year-to-date investments total about $599 million at a 7.5% initial cash yield. The Avamere rent reset lifted annualized fixed cash rent to $48 million from $41 million. On reimbursement, the final Medicare market basket came in at 2.4%, and management expects Medicaid rates to rise about 2%.

Risk: Operator credit is the main risk. The $102.4 million reserve shows how fast a struggling tenant or borrower can hit results. With 51.1% of its debt at variable rates, Sabra also has less room to bear that kind of hit if borrowing costs rise.

LTC Properties: A Monthly Payer Moving Out of Skilled Nursing
What it owns: LTC, the smallest REIT here with a market cap of about $2.3 billion, is moving quickly from triple-net skilled nursing into SHOP. It now has 39 SHOP communities run by 12 operators. Management expects SHOP to reach about 50% of NOI by year-end and 75% by the end of 2028. Skilled nursing, which made up more than 50% of NOI in 2024, is expected to fall to the low-20s range.

Demand background: The core 27-property SHOP portfolio averaged 90.0% occupancy with a 26.9% NOI margin and produced $13.3 million of NOI.

Yield and coverage: LTC is a high-yield name at 5.43%. It pays $0.19 monthly, or $2.28 a year, and that rate has not changed since 2020. Against Core FFO guidance of $2.76 to $2.78, the payout is about 82%. Against Core FAD of $2.83 to $2.85, it is about 80%. The dividend is covered, but LTC has the smallest buffer in the group. Co-CEO Pam Kessler described this year’s growth this way: “This has been a heavy lift transformation year, turning over the portfolio as we did, and the 1.5% growth this year is the price we paid for that investment.”

Bull case: LTC raised its SHOP investment guidance by 50% to $900 million, and it expects $730 million from asset sales and loan repayments to help fund the shift. Debt to annualized adjusted EBITDA is 4.2x. The market has rewarded the change: shares are up 32.75% year to date.

Risk: LTC now depends on how well its operators run the buildings. Core portfolio occupancy is about 90 basis points behind internal projections. Standalone memory care, which accounts for roughly 30% to 32% of core units, can swing from quarter to quarter.

Yields Rise as the Cushion Shrinks
Welltower and Ventas pay out roughly half of their FFO and raised their dividends within the past year. Sabra and LTC pay out 75% to 82% of cash flow, and neither has raised its dividend since 2020. CareTrust falls between the two groups, combining a sub-80% FAD payout with the lowest leverage on the list. Across these five, the extra yield is what the market pays investors to take on skilled nursing operator and reimbursement risk, so check FFO and FAD coverage before the yield (we wrote up the seven warning signs that a big yield is about to be cut in a free report here: Dividend Traps).

Contact [email protected] for any questions or corrections.

Atlatl Advisers LLC boosted its position in shares of Fortinet, Inc. (NASDAQ:FTNT – Free Report) by 6,534.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,126 shares of the software maker’s stock after purchasing an additional 42,476 shares during the period. Fortinet makes up 1.8% of Atlatl Advisers LLC’s portfolio, making the stock its 11th biggest position. Atlatl Advisers LLC’s holdings in Fortinet were worth $7,709,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. MBL Wealth LLC increased its holdings in Fortinet by 363.0% during the 3rd quarter. MBL Wealth LLC now owns 8,612 shares of the software maker’s stock worth $1,539,000 after purchasing an additional 6,752 shares during the last quarter. Compass Wealth Management LLC acquired a new position in shares of Fortinet in the 3rd quarter valued at approximately $196,000. Howland Capital Management LLC boosted its stake in shares of Fortinet by 9.4% during the 3rd quarter. Howland Capital Management LLC now owns 7,443 shares of the software maker’s stock valued at $1,331,000 after buying an additional 639 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Fortinet by 102.1% during the 3rd quarter. Brookstone Capital Management now owns 14,647 shares of the software maker’s stock valued at $2,618,000 after buying an additional 7,400 shares during the last quarter. Finally, Cadinha & Co. LLC purchased a new position in shares of Fortinet during the 3rd quarter valued at approximately $215,000. 83.71% of the stock is owned by institutional investors and hedge funds.

More Fortinet News Here are the key news stories impacting Fortinet this week:

Positive Sentiment: Jefferies expects Fortinet’s third-quarter product revenue growth to reach roughly 50% year over year, well above the 31% consensus forecast. The broker cited favorable industry checks, price increases and accelerated firewall replacement activity. Fortinet growth outlook for 2027 becomes key test for investors, says Jefferies Positive Sentiment: Investors are looking for another strong quarterly result, with analysts expecting double-digit year-over-year EPS growth. Fortinet’s ability to sustain product growth into fiscal 2027 will be the central focus of the earnings outlook. What to Expect From Fortinet’s Next Quarterly Earnings Report Positive Sentiment: Recent bullish positioning, including a previously raised $200 price target, reflects expectations for continued cybersecurity spending and AI-related demand. Fortinet’s hardware-software combination was also highlighted as a potential long-term competitive advantage. Fortinet versus Cisco and Palo Alto Networks Neutral Sentiment: Jefferies maintained a “hold” rating, emphasizing that forward guidance for 2027 matters more than simply beating near-term estimates. Fortinet trades at a premium valuation, increasing the importance of durable growth and strong cash generation. Neutral Sentiment: Fortinet released coordinated security-hardening updates for multiple products, which may have improved sentiment amid broader cybersecurity concerns, although the updates are not a major direct earnings catalyst. Negative Sentiment: JPMorgan raised its price target from $118 to $140 but retained an “underweight” rating, implying substantial downside from recent trading levels. JPMorgan Fortinet rating Negative Sentiment: Arete Research reportedly downgraded Fortinet to “sell,” adding to concerns that the stock’s elevated valuation already discounts much of its expected growth. Negative Sentiment: Reported insider activity shows executives made no open-market purchases and sold shares during the past six months, a potentially cautionary signal, though such sales may reflect scheduled diversification. Analysts Set New Price Targets FTNT has been the subject of a number of research analyst reports. Piper Sandler restated a “neutral” rating and issued a $175.00 price target (up from $110.00) on shares of Fortinet in a research note on Thursday, July 30th. Wells Fargo & Company increased their price objective on shares of Fortinet from $135.00 to $160.00 and gave the company an “underweight” rating in a research note on Thursday, October 15th. Jefferies Financial Group increased their price objective on shares of Fortinet from $165.00 to $190.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Mizuho set a $160.00 target price on shares of Fortinet and gave the stock an “underperform” rating in a research report on Thursday, October 15th. Finally, Morgan Stanley restated a “positive” rating and issued a $136.00 target price (up from $133.00) on shares of Fortinet in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $162.36. View Our Latest Report on FTNT

Fortinet Stock Performance FTNT stock opened at $179.99 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The firm has a market cap of $132.06 billion, a P/E ratio of 63.38, a P/E/G ratio of 3.23 and a beta of 1.03. Fortinet, Inc. has a 12-month low of $73.55 and a 12-month high of $197.13. The stock’s 50 day simple moving average is $170.47 and its 200 day simple moving average is $146.08.

Fortinet (NASDAQ:FTNT – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.15. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. Fortinet’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. As a group, equities research analysts predict that Fortinet, Inc. will post 3.10 EPS for the current year.

Insider Activity at Fortinet In related news, CEO Ken Xie sold 161,482 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $8,616,486,029.52. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Whittle sold 53,865 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $165.44, for a total value of $8,911,425.60. Following the completion of the sale, the chief operating officer directly owned 96,987 shares in the company, valued at $16,045,529.28. This represents a 35.71% 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. Insiders sold 221,303 shares of company stock worth $36,164,034 in the last 90 days. 17.60% of the stock is currently owned by company insiders.

Fortinet Profile (Free Report)

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.

Featured Stories Five stocks we like better than Fortinet Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat

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Boomfish Wealth Group LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ: EXPD) by 91.8% during the undefined quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,633 shares of the transportation company's stock after selling 18,307 shares during the quarter. Boomfish Wealth

Atlatl Advisers LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 89.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,646 shares of the semiconductor company’s stock after selling 14,564 shares during the quarter. Atlatl Advisers LLC’s holdings in Lam Research were worth $541,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. World Equity Group Inc. increased its holdings in shares of Lam Research by 0.5% during the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock valued at $2,416,000 after acquiring an additional 29 shares during the last quarter. Vann Equity Management LLC lifted its position in Lam Research by 1.1% during the 3rd quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company’s stock worth $944,000 after acquiring an additional 31 shares during the last quarter. Tenzing Financial LLC boosted its holdings in Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 34 shares during the period. Advus Financial Partners LLC boosted its holdings in Lam Research by 1.0% during the second quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after acquiring an additional 34 shares during the period. Finally, Paragon Private Wealth Management LLC grew its position in shares of Lam Research by 1.3% in the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock valued at $1,178,000 after purchasing an additional 35 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets In related news, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the transaction, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.31% of the company’s stock.

Lam Research Trading Down 0.0% Shares of LRCX opened at $230.10 on Friday. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.48 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $287.95 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 0.83 and a beta of 1.85. The stock’s 50-day moving average price is $301.90 and its 200 day moving average price is $309.32. Lam Research (NASDAQ:LRCX – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.18 by $0.02. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The firm had revenue of $8.22 billion during the quarter, compared to analysts’ expectations of $8.14 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 54.4% on a year-over-year basis. As a group, research analysts predict that Lam Research Corporation will post 9.48 earnings per share for the current year.

Lam Research Increases Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were paid a $0.33 dividend. The ex-dividend date was Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research’s dividend payout ratio is currently 22.92%.

Analysts Set New Price Targets A number of equities analysts have recently commented on LRCX shares. Berenberg Bank set a $420.00 price objective on Lam Research in a research note on Wednesday, September 9th. Fundamental Research set a $390.00 target price on Lam Research in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $375.00 price target on shares of Lam Research in a research report on Monday. Jefferies Financial Group set a $335.00 price target on Lam Research and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, HSBC reissued a “hold” rating and issued a $333.00 price objective on shares of Lam Research in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $354.55.

Check Out Our Latest Report on Lam Research

Trending Headlines about Lam Research Here are the key news stories impacting Lam Research this week:

Positive Sentiment: Record results and strong profitability: Fiscal first-quarter revenue rose 54.4% year over year to $8.22 billion, exceeding estimates, while adjusted EPS of $2.20 also beat forecasts. Operating margin topped 40% for the first time, supported by strong systems sales, memory demand and record foundry revenue. Lam Research Q1 Earnings Beat on Systems Sales and Margin Gains Positive Sentiment: Long-term AI and memory demand remains supportive: Lam expects wafer-fabrication-equipment spending to exceed $200 billion in 2027, driven by AI infrastructure, memory upgrades and advanced manufacturing. Customer Support revenue is expected to grow more than 30%, while Aether dry-resist revenue is projected to reach $2.5 billion cumulatively. LRCX Q1 Earnings Call Highlights Positive Sentiment: Some analysts remain bullish: Mizuho reiterated an Outperform rating and recommended buying the pullback, while Bank of America maintained a Buy rating. Erste Group also modestly increased its FY2027 and FY2028 EPS estimates. Mizuho recommends buying the pullback Neutral Sentiment: Guidance was broadly in line but leaves limited room for disappointment: Fiscal second-quarter revenue guidance of $8.2 billion-$9.0 billion and EPS guidance of $2.18-$2.48 bracket consensus estimates of $8.5 billion and $2.30, respectively. Mizuho trimmed its price target to $360 from $365, signaling continued upside but greater near-term caution. Negative Sentiment: Supply bottlenecks are limiting shipments: Component shortages and cleanroom capacity constraints could restrict equipment deliveries through 2027, preventing Lam from fully converting strong demand into revenue. Lam Research says supply bottlenecks are holding back revenue Negative Sentiment: China exposure and sector pressure are weighing on sentiment: China’s revenue contribution is expected to decline substantially from 35% in the September quarter. Citi warned of additional downside for Lam and peers, while a broad AI-chip sell-off amplified concerns about valuations and spending. Lam Research Profile (Free Report)

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.

Featured Articles Five stocks we like better than Lam Research Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat

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Brookstone Capital Management lifted its position in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 6,226.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,596 shares of the apparel retailer’s stock after buying an additional 63,575 shares during the quarter. Brookstone Capital Management’s holdings in Ross Stores were worth $15,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Ross Stores by 89.2% during the second quarter. Wellington Management Group LLP now owns 6,615,682 shares of the apparel retailer’s stock worth $1,408,148,000 after purchasing an additional 3,118,591 shares in the last quarter. United Capital Financial Advisors LLC acquired a new position in Ross Stores in the 2nd quarter valued at $3,390,000. NewEdge Advisors LLC boosted its holdings in Ross Stores by 40.6% in the 2nd quarter. NewEdge Advisors LLC now owns 17,353 shares of the apparel retailer’s stock valued at $3,694,000 after purchasing an additional 5,012 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Ross Stores during the second quarter worth $34,867,000. Finally, Elevation Point Wealth Partners LLC lifted its stake in shares of Ross Stores by 459.5% in the first quarter. Elevation Point Wealth Partners LLC now owns 26,095 shares of the apparel retailer’s stock valued at $5,653,000 after purchasing an additional 21,431 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Price Performance Shares of NASDAQ:ROST opened at $229.30 on Friday. Ross Stores, Inc. has a 12 month low of $156.41 and a 12 month high of $257.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.98. The stock’s 50 day moving average price is $231.44 and its 200 day moving average price is $230.04. The stock has a market cap of $73.25 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.99 and a beta of 0.83.

Ross Stores (NASDAQ:ROST – Get Free Report) last announced its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.71. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter last year, the business posted $1.56 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Ross Stores, Inc. will post 8.15 earnings per share for the current fiscal year. Ross Stores Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th were given a dividend of $0.4450 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s payout ratio is 21.55%.

Wall Street Analysts Forecast Growth Several equities research analysts recently commented on the stock. Evercore set a $290.00 price objective on shares of Ross Stores in a research report on Friday, August 21st. Barclays increased their target price on Ross Stores from $260.00 to $298.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Morgan Stanley increased their price objective on shares of Ross Stores from $231.00 to $234.00 and gave the stock an “equal weight” rating in a research report on Friday, August 21st. Telsey Advisory Group boosted their price target on Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Robert W. Baird boosted their price target on Ross Stores from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $264.61.

View Our Latest Research Report on Ross Stores

Insider Transactions at Ross Stores In other news, insider Stephen C. Brinkley sold 6,424 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $229.66, for a total transaction of $1,475,335.84. Following the completion of the sale, the insider owned 51,665 shares in the company, valued at approximately $11,865,383.90. This represents a 11.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James Conroy sold 49,205 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $229.48, for a total value of $11,291,563.40. Following the completion of the transaction, the chief executive officer directly owned 134,349 shares in the company, valued at $30,830,408.52. The trade was a 26.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is currently owned by corporate insiders.

About Ross Stores (Free Report)

Ross Stores, Inc is an off-price apparel and home fashion retailer headquartered in Dublin, California. The company operates primarily through its Ross Dress for Less stores, which offer branded and designer apparel, accessories, footwear, and home merchandise at discounts to regular department and specialty store prices.

Ross Stores also operates dd’s DISCOUNTS, a chain focused on value-oriented apparel, accessories, footwear, and home products. Both retail formats generally purchase merchandise opportunistically from manufacturers, department stores, and other suppliers, allowing the company to offer changing assortments and discounted prices.

Founded in 1950, Ross Stores serves customers across the United States through its store network and e-commerce presence.

Featured Articles Five stocks we like better than Ross Stores Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST – Free Report).

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Axxcess Wealth Management LLC increased its stake in Western Digital Corporation (NASDAQ:WDC – Free Report) by 947.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,613 shares of the data storage provider’s stock after purchasing an additional 3,268 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Western Digital were worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Western Digital during the second quarter worth $28,000. Dunhill Financial LLC acquired a new position in Western Digital in the 2nd quarter valued at $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Western Digital in the 2nd quarter valued at $31,000. Gables Capital Management Inc. acquired a new position in shares of Western Digital in the second quarter valued at $32,000. Finally, Ares Financial Consulting LLC grew its stake in shares of Western Digital by 45.5% in the 2nd quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock valued at $51,000 after purchasing an additional 25 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In
WDC has been the topic of several research analyst reports. BNP Paribas Exane increased their target price on Western Digital from $660.00 to $700.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Wedbush boosted their target price on Western Digital from $540.00 to $650.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. TD Cowen lowered their price target on Western Digital from $540.00 to $430.00 and set a “buy” rating for the company in a research note on Friday. Summit Insights downgraded shares of Western Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald cut their target price on shares of Western Digital from $900.00 to $625.00 and set an “overweight” rating on the stock in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $584.00.

Get Our Latest Analysis on Western Digital
Key Western Digital News
Here are the key news stories impacting Western Digital this week:

Positive Sentiment: Western Digital reported fiscal Q1 2027 adjusted EPS of $4.64, above the roughly $4.09–$4.11 consensus, while revenue rose 55.5% year over year to $4.38 billion. Growth was driven by strong cloud and data-center demand, higher-capacity drives and improved pricing. Western Digital Q1 earnings and revenues beat estimates
Positive Sentiment: Management issued substantially stronger-than-expected fiscal Q2 guidance, calling for revenue of approximately $5.0 billion to $5.2 billion and adjusted EPS of $5.60 to $6.00, versus consensus estimates near $4.5 billion and $4.72, respectively. Western Digital forecasts strong second-quarter growth
Positive Sentiment: AI-related storage demand remains durable, with management citing growing requirements from inference, robotics and long-term data retention. Analysts and industry commentators expect HDDs to remain an important, cost-effective storage layer for data centers, potentially supporting demand visibility into 2030–2031. Western Digital CEO discusses durable AI storage demand
Positive Sentiment: Western Digital generated about $1.38 billion in free cash flow and increased its quarterly dividend 16.7% to $0.175 per share. JPMorgan also raised its price target to $650 and maintained an overweight rating. Western Digital Q1 revenue and dividend update
Neutral Sentiment: Other analysts remained bullish but reduced some price targets, reflecting elevated expectations and uncertainty around the pace of future growth. TD Cowen, for example, lowered its target to $430 while retaining a buy rating; Rosenblatt and Cantor Fitzgerald also cut targets but remained positive.
Negative Sentiment: The stock’s strong results were not enough to overcome a broad sell-off in AI, memory and technology shares. Investors are questioning whether hyperscaler capital spending can remain elevated and whether Western Digital’s unusually strong HDD pricing and margins are sustainable.
Negative Sentiment: Higher planned capital expenditures, possible industry supply increases, inventory concerns and execution risks surrounding the HAMR technology transition are weighing on sentiment. Management also acknowledged that HDD price growth could eventually moderate. Western Digital faces capex and supply concerns
Negative Sentiment: A disclosed insider sale of 807 shares worth approximately $306,660 added a modest sentiment overhang, although it was conducted under a pre-arranged Rule 10b5-1 plan and represented only a small portion of the insider’s holdings. SEC insider transaction filing

Insider Buying and Selling
In other news, insider Vidyadhara K. Gubbi sold 1,795 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $459.87, for a total value of $825,466.65. Following the completion of the sale, the insider directly owned 80,571 shares of the company’s stock, valued at $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the transaction, the chief executive officer owned 575,966 shares of the company’s stock, valued at $256,287,591.02. This represents a 3.36% decrease in their ownership of the stock. 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 90 days, insiders sold 25,436 shares of company stock worth $11,340,064. Company insiders own 0.20% of the company’s stock.

Western Digital Stock Performance
Shares of NASDAQ WDC opened at $343.67 on Friday. The stock has a 50 day moving average price of $432.18 and a 200 day moving average price of $479.51. The stock has a market capitalization of $128.64 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.50 and a beta of 2.11. Western Digital Corporation has a 52 week low of $121.85 and a 52 week high of $799.87.

Western Digital (NASDAQ:WDC – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.53. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.14 billion. Western Digital had a return on equity of 56.91% and a net margin of 69.20%. The business’s quarterly revenue was up 55.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 EPS. As a group, research analysts forecast that Western Digital Corporation will post 19.69 EPS for the current year.

Western Digital Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be issued a dividend of $0.1750 per share. The ex-dividend date is Friday, December 4th. This is an increase from Western Digital’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 0.2%. Western Digital’s dividend payout ratio is 2.48%.

Western Digital Company Profile
(Free Report)

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.

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Want to see what other hedge funds are holding WDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Corporation (NASDAQ:WDC – Free Report).

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Andrew Hill Investment Advisors Inc. acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 72,065 shares of the restaurant operator's stock, valued at approximately $2,302,000. Chipotle Mexican Grill accounts

Iridium Communications (IRDM +1.39%) announced its Q3 2026 earnings Tuesday morning, Oct. 20. Shares of the satellite communications company are basically flat since -- they cost $44.18 Monday evening before earnings, and they cost $44.25 at Wednesday's close. Rocket Lab (RKLB +2.69%) stock, on the other hand, is up a healthy 4.5% since Iridium reported its earnings.

Why is that?

It's because it doesn't really matter much anymore -- or soon won't -- how well Iridium does. Rocket Lab is buying Iridium, you see (in an $8 billion deal). And for this reason, Iridium's good news is actually really Rocket Lab's good news.

Image source: Getty Images.

How Iridium beat earnings in Q3
Heading into its report Tuesday, Wall Street analysts had Iridium pegged for a $ 0.34-per-share profit on $236.3 million in sales. Iridium crushed both numbers, reporting $0.98 per share in profit (nearly three times what the Street predicted) on sales of $245.7 million.

How did Iridium do that? Largely by making an acquisition of its own, of space-based air traffic surveillance company Aireon.

Iridium reacquired Aireon in July, and Iridium management credits this acquisition with much of its 8% year-over-year revenue increase. Gains "related to the acquisition of Aireon" likewise accounted for Iridium's earnings coming in triple what Wall Street expected. Perhaps more important for Rocket Lab investors, Iridium noted that bringing Aireon in-house gave Iridium control over "the world's only space-based Automatic Dependent Surveillance-Broadcast (ADS-B) air traffic surveillance system."

And when Rocket Lab's own acquisition of Iridium takes effect mid-next-year, that will mean Rocket Lab owns the world's only space-based air traffic surveillance system, making it a key part of Rocket Lab's plan to expand into satellite-based Internet of Things (IoT), direct-to-cell communications, and "position, navigation, and timing" (PNT) markets.

IRDM Iridium Communications$44.40+$0.61 (+1.39%)

NASDAQ · As of 4:00 PM ET 10/23/26

Speaking of which, now that Iridium shareholders have voted to approve the merger -- and now that Iridium has reported its latest financials -- it's worth taking a second look at how this merger will affect Rocket Lab once it absorbs Iridium (and Aireon) next year.

As I've already pointed out, analysts are optimistic about Iridium. Forecasts compiled by S&P Global Market Intelligence indicate Iridium should earn more than $210 million next year, up 35.5% year over year, even if revenue doesn't grow much at all. Free cash flow is expected to grow more slowly, but still to rise a very respectable 28% to $379 million.

Assuming the analysts are doing their math right, that should be more than enough to cover Rocket Lab's expected $74 million loss next year, and make whole its $83 million in negative free cash flow as well. Thanks entirely to its prescient decision to buy Iridium, Rocket Lab should end up both profitable and free cash flow positive in 2027.

Indeed, Iridium might end up making even more money for Rocket Lab than analysts currently expect.

Consider: Current analyst estimates have Iridium earning $155 million this year, but according to the just-released Q3 earnings results, Iridium has already earned more than $138 million in just the first three quarters of 2026.

With 75% of the year over, Iridium is already 89% of the way to hitting the analysts' target for this year! And if Iridium is this far ahead of the game already in 2026, and growing faster than expected, it stands to reason that 2027's results might similarly come in stronger than what analysts have forecast.

RKLB Rocket Lab$52.60+$1.38 (+2.69%)

NASDAQ · As of 4:00 PM ET 10/23/26

What it means for Rocket Lab investors
At least, that's what Rocket Lab investors will be hoping. Back-of-the-napkin, it's looking now like a combined Rocket Lab-plus-Iridium might generate $300 million or so in positive free cash flow next year, which on Rocket Lab's current $45 billion market capitalization works out to a 150x forward price-to-free cash flow ratio on the stock.

That's... not exactly cheap. For Rocket Lab to be a buy at its current price, it had better hope Iridium performs even better in 2027 than it's already performing in 2026.

Lilly presents first clinical data in platinum-sensitive ovarian cancer for its investigational, next-generation, FRα-targeting ADC at ESMO 2026PR NewswireINDI

Atlatl Advisers LLC lowered its position in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 14.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,815 shares of the technology company’s stock after selling 834 shares during the period. Atlatl Advisers LLC’s holdings in Lumentum were worth $4,677,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Red Spruce Capital LLC lifted its stake in Lumentum by 0.4% in the 3rd quarter. Red Spruce Capital LLC now owns 3,200 shares of the technology company’s stock worth $3,108,000 after purchasing an additional 12 shares in the last quarter. CYBER HORNET ETFs LLC increased its stake in shares of Lumentum by 7.2% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company’s stock worth $179,000 after acquiring an additional 14 shares during the last quarter. Hilltop National Bank grew its holdings in shares of Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock valued at $61,000 after purchasing an additional 15 shares during the period. Sachetta LLC raised its stake in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares during the period. Finally, Kieckhefer Group LLC raised its stake in shares of Lumentum by 0.8% in the 3rd quarter. Kieckhefer Group LLC now owns 3,191 shares of the technology company’s stock valued at $3,099,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum In other news, insider Yuen Wupen sold 307 shares of the stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the sale, the insider directly owned 108,320 shares in the company, valued at $102,362,400. This represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the sale, the chief financial officer directly owned 75,074 shares in the company, valued at approximately $78,715,089. The trade was a 24.64% 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. In the last three months, insiders have sold 94,496 shares of company stock worth $85,978,498. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades Several equities analysts recently issued reports on LITE shares. Stifel Nicolaus increased their target price on Lumentum from $1,100.00 to $1,232.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft began coverage on Lumentum in a research report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 target price for the company. Raymond James Financial reiterated an “outperform” rating and set a $1,036.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Needham & Company LLC reissued a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Finally, Evercore assumed coverage on shares of Lumentum in a research note on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 price objective for the company. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,080.83. Get Our Latest Stock Analysis on LITE

Trending Headlines about Lumentum Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Jefferies reportedly raised its price target on Lumentum to $1,250, signaling continued confidence in the company’s AI-optics growth prospects. Lumentum stock rises pre-market; Jefferies lifts target to USD 1,250 Positive Sentiment: Brown Advisory identified Lumentum as an opportunity within AI infrastructure, reflecting institutional support for the company’s exposure to optical components used in data centers. Management has also highlighted strong AI demand through early 2029. Brown Advisory Sees AI Infrastructure Opportunity in Lumentum Holdings Inc. (LITE) Neutral Sentiment: Investors are looking ahead to Lumentum’s fiscal first-quarter update on November 4. The company has guided revenue above the prior quarter, while its latest reported quarter exceeded analyst expectations for both earnings and revenue, creating a potentially important catalyst but also raising expectations. Negative Sentiment: Lumentum shares have fallen sharply over the past week as investors reduced exposure to AI-optics stocks following a hotter-than-expected September inflation report. Higher interest-rate concerns are weighing particularly heavily on high-growth technology valuations. Lumentum Holdings (LITE) Fell In The AI Optics Selloff, Is It Still Undervalued? Negative Sentiment: The broader technology selloff has spread across optical-networking peers, including Coherent and Applied Optoelectronics, suggesting the recent weakness is driven more by sector-wide positioning and valuation concerns than by a new company-specific setback. Optics Stocks Tumble as Tech Selloff Deepens Ahead of Earnings Negative Sentiment: Lumentum’s CFO reportedly sold approximately $25.7 million of stock ahead of earnings. Although insider selling does not necessarily indicate deteriorating fundamentals, the timing may add to investor caution. Lumentum Slips Off Its $1,143 Peak as CFO Sells $25.7 Million Ahead of Earnings Lumentum Trading Up 0.5% NASDAQ LITE opened at $756.17 on Friday. The firm’s fifty day moving average price is $924.34 and its 200 day moving average price is $877.75. Lumentum Holdings Inc. has a 12 month low of $173.73 and a 12 month high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company has a market capitalization of $68.50 billion, a price-to-earnings ratio of -9.20 and a beta of 1.53.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The firm’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts expect that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Lumentum Profile (Free Report)

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.

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AppLovin has been sued for securities fraud after its stock plummeted 20% because AppLovin allegedly misrepresented the strength, viability, and development of its AI-based business model and products.

New York, New York--(Newsfile Corp. - October 24, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against AppLovin Corporation (NASDAQ: APP) and certain of the company's senior executives for securities fraud after significant stock drops resulting from potential violations of the federal securities laws.

If you invested in AppLovin, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/applovin-class-action-lawsuit.

Key Details of the AppLovin ($APP) Class Action:

Lead Plaintiff Deadline: November 16, 2026Alleged Misconduct: Securities fraud alleging AppLovin misrepresented the strength, viability, and development of its AI-based business model and products Largest Alleged Stock Drop: August 5, 2026 – 20% Stock DropCourt: U.S. District Court for the Northern District of CaliforniaAction: Contact BFA Law to discuss your rightsInvestors have until November 16, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in AppLovin securities. The class action is pending in the U.S. District Court for the Northern District of California. It is captioned Talbot v. AppLovin Corp., et al., No. 26-cv-10584.

Why is AppLovin Being Sued for Securities Fraud?

AppLovin is an advertising solutions company. AppLovin claims its advertising products use artificial intelligence ("AI") models, among other things, to more effectively match advertisers to prospective customers.

According to the complaint, AppLovin touted the purported strength of the company's AI models as a major driver of the company's growth, telling investors that AppLovin was "constantly improving" its models and that "we don't really see a reason why that's going to slow down."

As alleged, the company's new generative AI video tool in its AppLovin Ads platform experienced significant development delays, which stymied improvements to AppLovin's AI model.

Why did AppLovin's Stock Drop?

On July 13, 2026, a Bank of America Securities analyst published a note stating that "AppLovin's eCommerce footprint expanded at a slower pace in June" and "[w]eekly data has not shown a clear uptick since AppLovin [Ads] opened to all eComm advertisers on 6/22, suggesting a muted GA start." Accordingly, Bank of America Securities lowered its estimate for AppLovin's annual revenue.

On this news, AppLovin's stock price dropped $64.13 per share, or 12.6%, from a closing price of $506.80 per share on July 10, 2026, to a closing price of $442.85 per share on July 13, 2026.

Then, on August 5, 2026, after the market closed, AppLovin announced that it missed consensus estimates for quarterly revenue, delivering $1.92 billion of revenue against consensus estimates of $1.94 billion. Defendants attributed the miss, in part, to delays in the roll out of AppLovin Ads' generative AI video creation tool, which led to lower-than-expected AppLovin Ads revenue and hampered AppLovin's AI "model performance[.]"

On this news, AppLovin's stock price dropped $82.13 per share, or 19.6%, from a closing price of $417.80 per share on August 5, 2026, to a closing price of $335.67 per share on August 6, 2026.

Click here for more information: https://www.bfalaw.com/cases/applovin-class-action-lawsuit.

What Can You Do?

If you invested in AppLovin, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/applovin-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360, and "SuperLawyers" by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."

BFA's notable successes include a recovery of over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/applovin-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320497

Source: Bleichmar Fonti & Auld

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BFA Law is investigating the announced $212.00 per share merger in which Roger Penske and Mistui & Co., Ltd. are set to acquire Penske Automotive Group, Inc.; current shareholders are notified to contact the firm.

New York, New York--(Newsfile Corp. - October 24, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating the going private merger whereby Penske Automotive Group, Inc. (NYSE: PAG) is being taken private by its controlling stockholders, Roger Penske and Mitsui & Co., Ltd. Penske is incorporated in Delaware.

If you are a current shareholder of Penske, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/penske-investigation.

Key Details of the Penske ($PAG) Investigation:

Investigation Overview: Breaches of Fiduciary Duty in connection with the merger under which Roger Penske and Mitsui will acquire the public stock of Penske for $212.00 per shareAction: Contact BFA Law to discuss your rightsWhy is the Penske Transaction being Investigated?

Penske Automotive Group, Inc. ("Penske") is a company that is controlled by two majority stockholders—Roger Penske (via "Penske Corporation") and Mitsui & Co., Ltd. ("Mitsui"). Those two stockholders alone control 72.3% of the company's voting power.

Penske's initial disclosures have reported that the company utilized a special committee to evaluate the merger and that the merger is conditioned on the approval of the public stockholders at an upcoming stockholder vote. Penske has not yet disclosed the full details of the process that resulted in the merger, and key questions about whether those protective mechanisms were effective remain unanswered.

BFA is investigating whether the terms of the merger comply with Delaware law, including whether the $212.00 per share price is a fair price for the public stockholders' shares of Penske stock.

Click here for more information:

https://www.bfalaw.com/cases/penske-investigation

What Can You Do?

If you are a current holder of Penske stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/penske-investigation

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/penske-investigation

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320508

Source: Bleichmar Fonti & Auld

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Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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Fluence has been sued for securities fraud after its stock plummeted 35% because Fluence allegedly misrepresented the status of its manufacturing operations and ability to achieve its revenue and EBITDA guidance.

New York, New York--(Newsfile Corp. - October 24, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Fluence Energy, Inc. (NASDAQ:FLNC) and certain of the company's senior executives for securities fraud after significant stock drops resulting from potential violations of the federal securities laws.

If you invested in Fluence, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/fluence-class-action-lawsuit.

Key Details of the Fluence ($FLNC) Class Action:

Lead Plaintiff Deadline: November 27, 2026Alleged Misconduct: Securities fraud alleging Fluence misrepresented the status of its manufacturing operations and ability to achieve its revenue and EBITDA guidance Largest Alleged Stock Drop: February 5, 2026 – 34.6% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until November 27, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Fluence securities. The class action is pending in the U.S. District Court for the Southern District of New York. It is captioned Hatweek v. Fluence Energy, Inc. et al., No. 26-cv-8475.

Why is Fluence Being Sued for Securities Fraud?

Fluence is a provider of energy storage systems and optimization software for the renewable energy and energy storage industries.

According to the complaint, Fluence provided record breaking fiscal year 2026 revenue guidance and significantly increased adjusted EBITA guidance based on its purported ability to capitalize on surging demand for data centers. Fluence assured investors that it had contracted with multiple key production facilities to fulfill demand.

As alleged, Defendants failed to disclose that several new contract manufacturing facilities were not completed, not operational, and/or not capable of producing at the volumes Fluence's guidance provided.

Why did Fluence's Stock Drop?

On February 4, 2026, Fluence reported a net loss of $62.6 million and a GAAP gross profit margin of 4.9%, a 6.5% decline year over year, due to "additional estimated costs on two projects" located outside the U.S.

On this news, Fluence's stock dropped $10.04 per share, or 34.6%, from a closing price of $28.99 per share on February 4, 2026, to $18.95 per share on February 5, 2026.

On August 5, 2026, Fluence reported "weaker than expected revenue" and slashed revenue and adjusted EBITDA guidance because of "production delays at new contract manufacturing facilities."

On this news, Fluence's stock dropped $1.02 per share, or 7.2%, from a closing price of $14.23 per share on August 5, 2026, to $13.21 per share on August 6, 2026.

On September 16, 2026, Fluence issued a mid-quarter guidance update and further slashed revenue and adjusted EBITDA guidance because of "delays in the ramp-up of our contract manufacturing facility."

On this news, Fluence's stock dropped $1.39 per share, or 15.4%, from a closing price of $9.05 per share on September 16, 2026, to $7.66 per share on September 17, 2026.

Click here for more information: https://www.bfalaw.com/cases/fluence-class-action-lawsuit.

What Can You Do?

If you invested in Fluence, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/fluence-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360, and "SuperLawyers" by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."

BFA's notable successes include a recovery of over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/fluence-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320503

Source: Bleichmar Fonti & Auld

Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML, ASX:SAU) has agreed with Synergy Capital to push back the maturity of its US$100 million senior secured debt by six months, to June 2027 from December 2026. 

The interest rate on the facility is unchanged at SOFR plus 6.95% per year, according to a statement from the company. 

The extension defers the final repayment requirement due in December and lengthens 93% of the Brazil-focused lithium producer’s debt profile to June 2027, giving it more financial flexibility as it executes its plans. 

The new agreement keeps the same basic terms and default triggers as the original December 2022 deal. 

The extra time comes as Sigma ramps up output following the restart of operations. The company resumed work on October 5 after Brazil’s Federal Superior Court reinstated all of its environmental licenses, and it produced 7,090 tonnes of lithium oxide concentrate between October 5 and October 21. 

Sigma maintains its target of scaling annualized production of lithium oxide concentrate to 330,000 tonnes by the end of 2027, supported by existing capacity at its Cleantech Industrial Plant and its recycling and reprocessing circuits. 

The deal follows a period of deleveraging. Sigma has repaid more than US$90 million in debt since the second quarter of 2024 through cash generation, cutting total debt by about 40% over two years to US$125 million as of October 21. 

“The six-month extension provides additional time to continue ramping up production ahead of the new maturity date,” Sigma CEO Ana Cabral said in a statement. 

“Together with our low costs and current lithium pricing levels, we expect to regain operational cash flow momentum,” Cabral added. 

Sigma said it supports 19,000 jobs and about 80,000 family members in Brazil’s Vale do Jequitinhonha region, where it operates across 12 municipalities. 

The company will report third-quarter 2026 production, sales, realized prices, costs and cash by November 13. 

BBB Foods Inc. (TBBB) Q2 2026 Earnings Call Transcript

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Juan Pablo Cappello, a director at BBB Foods Inc. (TBBB +1.56%), reported the disposition of 7,660 shares valued at $312,000 on August 7, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value~$312,000Shares sold7,660Post-transaction shares (directly held)97,295Post-transaction value$3.97 millionTransaction value based on SEC Form 4 weighted average sale price ($40.67); post-transaction value based on the August 7 market close ($40.80).

Key questionsWhat was the nature of this transaction?
This was a non-discretionary transaction executed to cover tax obligations associated with the exercise of stock options and does not reflect a change in the director's personal outlook on the company.How did the underlying security structure change?
Footnotes in the filing indicate that the options exercised were originally for Class C Common Shares, which automatically converted into an equal number of Class A Common Shares on August 7.What is the director's remaining equity stake?
Following this disposition, Cappello retains direct ownership of 97,295 Class A Common Shares, representing a total market value of $3.97 million based on the transaction-date market close.Company OverviewMetricValueShare Price (as of market close 2026-08-10)$40.65Market Capitalization$4.7 billionRevenue (TTM)$83.3 billionNet Income (TTM)-$3.3 billionCompany SnapshotBBB Foods Inc. operates a network of discount grocery retail outlets throughout Mexico, offering customers a comprehensive selection of essential food and beverages, personal care products, household cleaning supplies, coffee, tea, dessert items, and specialized goods for infants and pets, alongside both established brands and private label merchandise.The company generates revenue through retail sales across its discount store network, leveraging a diversified product portfolio that combines well-known national brands with proprietary private label lines and strategically sourced spot products to optimize margins and customer value.BBB Foods serves Mexican consumers seeking affordable groceries and household essentials, with particular emphasis on price-conscious households that prioritize value and convenience in their retail shopping.BBB Foods Inc. operates as a significant discount retail grocer in Mexico with substantial scale, managing a network of approximately 29,202 employees and generating $83.3 billion in TTM revenue. The company's competitive positioning centers on its ability to offer a diverse merchandise mix at discount pricing while maintaining operational efficiency across its Mexican retail footprint. Despite current profitability challenges, as reflected in a TTM net loss of $3.3 billion, the company's substantial revenue base and market presence underscore its significance in the Mexican consumer defensive sector.

What this transaction means for investorsCappello is one of a few BBB Foods insiders to have options vest on the same day, with shares sold purely to cover the taxes, and like in those cases, this filing says nothing about how he views the stock, especially given that he holds more than 97,000 shares still.

What's worth a look, however, is what sits beneath the company's fast growth. A big part of BBB's edge is private label. Its Tiendas 3B stores lean heavily on their own brands, which carry better margins than national ones and let the chain undercut rivals on price, and that mix helped widen gross margin even as revenue grew 39% last quarter. The company is opening stores at a breakneck clip, more than 150 in the quarter, and funding it from its own cash. Chairman and CEO Anthony Hatoum noted the results came "despite a soft consumer environment in Mexico." That last phrase is one important thing to consider for long-term investors. BBB appears to be thriving precisely because cash-strapped shoppers are trading down to hard discounters, as has been the case with discount retailers and even pawn shops in the U.S., so a stronger consumer could ease the tailwind, even as a weaker one tests how much lower-income households can spend at all.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BBB Foods. The Motley Fool has a disclosure policy.

Tiendas 3B delivered another exceptional quarter, with same-store sales up ~20% and revenue growth accelerating to 38.7% year-over-year. TBBB continues aggressive expansion, opening 155 new stores in Q2 and maintaining strong traffic despite low food inflation and broader retail weakness. Adjusted EBITDA grew 43.8% to ~6.1% margin, but share count dilution from SBC remains a concern, potentially reaching ~142 million shares by FY 2030.