Schwab Charles Investment Management Inc. Boosts Holdings in TiVo Corporation (TIVO)
Schwab Charles Investment Management Inc. raised its position in shares of TiVo Corporation (NASDAQ:TIVO) by 13.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 838,385 shares of the technology company’s stock after acquiring an additional 98,816 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.70% of TiVo Corporation worth $15,636,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TIVO. BlackRock Inc. boosted its position in shares of TiVo Corporation by 62,480.7% in the 1st quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock worth $280,814,000 after purchasing an additional 14,952,875 shares in the last quarter. State Street Corp bought a new stake in shares of TiVo Corporation in the 1st quarter worth approximately $56,025,000. Vanguard Group Inc. boosted its position in shares of TiVo Corporation by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 10,945,977 shares of the technology company’s stock worth $205,238,000 after purchasing an additional 910,594 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of TiVo Corporation by 21.6% in the 1st quarter. JPMorgan Chase & Co. now owns 3,070,239 shares of the technology company’s stock worth $57,567,000 after purchasing an additional 545,944 shares in the last quarter. Finally, Highbridge Capital Management LLC boosted its position in shares of TiVo Corporation by 592.1% in the 1st quarter. Highbridge Capital Management LLC now owns 518,107 shares of the technology company’s stock worth $9,715,000 after purchasing an additional 443,247 shares in the last quarter. 89.00% of the stock is currently owned by institutional investors and hedge funds.
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A number of analysts have recently commented on the company. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a research report on Thursday. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 price target on shares of TiVo Corporation in a research report on Tuesday, May 30th. B. Riley reissued a “buy” rating and issued a $31.00 price target on shares of TiVo Corporation in a research report on Wednesday, June 14th. Cowen and Company reissued an “outperform” rating and issued a $30.00 price target on shares of TiVo Corporation in a research report on Wednesday, June 28th. Finally, Zacks Investment Research cut TiVo Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. TiVo Corporation presently has an average rating of “Buy” and an average target price of $26.17.
In other TiVo Corporation news, insider Dustin Finer sold 2,369 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $18.15, for a total value of $42,997.35. Following the completion of the sale, the insider now directly owns 53,405 shares in the company, valued at $969,300.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.57% of the stock is owned by company insiders.
TiVo Corporation (NASDAQ TIVO) opened at 19.15 on Monday. TiVo Corporation has a one year low of $15.15 and a one year high of $22.05. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 105.80 and a beta of 0.14. The company has a 50-day moving average of $18.43 and a 200-day moving average of $18.39.
TiVo Corporation (NASDAQ:TIVO) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $208.60 million for the quarter, compared to the consensus estimate of $192.72 million. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was up 66.6% on a year-over-year basis. On average, equities analysts forecast that TiVo Corporation will post $0.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were paid a $0.18 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.72 annualized dividend and a yield of 3.76%. TiVo Corporation’s dividend payout ratio (DPR) is 240.00%.
TiVo Corporation 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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