TiVo Corporation (TIVO) Shares Sold by Credit Suisse AG
Credit Suisse AG lowered its position in TiVo Corporation (NASDAQ:TIVO) by 40.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,633 shares of the technology company’s stock after selling 75,654 shares during the period. Credit Suisse AG owned about 0.09% of TiVo Corporation worth $2,131,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Tyers Asset Management LLC boosted its stake in shares of TiVo Corporation by 2.6% in the first quarter. Tyers Asset Management LLC now owns 5,432 shares of the technology company’s stock worth $102,000 after buying an additional 140 shares in the last quarter. Bank of Montreal Can increased its stake in TiVo Corporation by 156.6% in the first quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock worth $118,000 after buying an additional 3,849 shares during the last quarter. Flinton Capital Management LLC increased its stake in TiVo Corporation by 2.6% in the first quarter. Flinton Capital Management LLC now owns 6,596 shares of the technology company’s stock worth $124,000 after buying an additional 170 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in TiVo Corporation by 25.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,074 shares of the technology company’s stock worth $132,000 after buying an additional 1,433 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in TiVo Corporation during the first quarter worth $143,000. Institutional investors own 89.59% of the company’s stock.
TiVo Corporation (NASDAQ TIVO) traded down 1.190% during midday trading on Tuesday, hitting $18.675. 79,044 shares of the stock were exchanged. The firm has a market capitalization of $2.24 billion, a P/E ratio of 122.059 and a beta of 0.16. The firm’s 50-day moving average price is $18.84 and its 200 day moving average price is $18.58. TiVo Corporation has a 1-year low of $15.15 and a 1-year high of $23.40.
TiVo Corporation (NASDAQ:TIVO) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The business had revenue of $208.60 million for the quarter, compared to analysts’ expectations of $192.72 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 66.6% compared to the same quarter last year. Analysts expect that TiVo Corporation will post $0.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, September 6th. TiVo Corporation’s dividend payout ratio is presently 240.00%.
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A number of equities research analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $31.00 price target on shares of TiVo Corporation in a research report on Monday, May 15th. Cowen and Company reiterated a “buy” rating and issued a $30.00 price target on shares of TiVo Corporation in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a research report on Friday, July 7th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. TiVo Corporation presently has a consensus rating of “Buy” and an average price target of $26.17.
TiVo Corporation Company Profile
TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.
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