最新ニュース HP (NYSE:HPQ) 株価情報

HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

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市場が動揺する不確実な時期、多くの投資家は高配当の株に目を向けがちだ。その多くは、フリーキャッシュ・フローが大きく、株主に高い配当を提供する銘柄である。

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HPQ Silicon Inc

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<h4>Key Takeaways:</h4>
<ul>
<li>Lenovo consolidated its place as the world&rsquo;s leading PC maker in the third quarter, boosting its share of the market to 24% from 22.7% a year earlier, according to IDC</li>
<li>The company&rsquo;s gross margins trail its rivals as it sacrifices profitability to gain a foothold in the business of providing infrastructure for cloud and data center operators</li>
</ul>
By Doug Young
Profits or market share, which is more important?
If you&rsquo;re a computer investor, the answer appears to be market share, at least right now. That factor is currently playing to the advantage of&nbsp;Lenovo Group Ltd.&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/lnvgf#OTC">LNVGF</a>), which further consolidated its position as the world&rsquo;s leading PC seller in the third quarter, according to new data from industry tracker IDC this week.
Lenovo and longtime rivals&nbsp;HP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpq#NYSE">HPQ</a>) and&nbsp;Dell&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) have been locked in a race these last few years to find the next &ldquo;big thing&rdquo; for their maturing traditional PC businesses, and have largely settled on artificial intelligence (AI) as that next major driver. Accordingly, all three are rushing to develop not only AI-optimized PCs, but servers and software that are the backbone of cloud and data centers that are increasingly taking over the role of computing once done on traditional laptops and desktop PCs.
In such a landscape, it&rsquo;s perhaps not unreasonable that investors are focused on market share over profits, since such market share is a key pathway to selling new AI-based products when demand begins to pick up. But while Lenovo, HP and Dell are all touting their AI efforts, consumers and businesses have yet to start buying such products in big numbers, IDC said.
&ldquo;While we expect AI to reach ubiquity at some point at the end of this decade, the ramp up towards mass market will take longer than expected, well into 2026,&rdquo; said Linn Huang, IDC&rsquo;s research vice president of devices and displays, in a statement with its&nbsp;<a href="https://www.idc.com/getdoc.jsp?containerId=prUS52644924">global PC sales</a>&nbsp;data for the third quarter.
Huang said the major obstacles holding back higher adoption for AI-optimized PCs is a lack of software and applications that can take advantage of such high-powered products. It noted that much of the broader PC industry&rsquo;s growth recently has been coming at the lower end of the market, rather than at the premium end that includes AI models.
That broader market actually contracted by 2.4% in the third quarter to 68.8 million units shipped, according to IDC. Lenovo managed to buck that trend by boosting its shipments 3% during the quarter to 16.5 million units, raising its share of the market to 24% from 22.7% in the year-ago quarter.
HP also managed to post 0.4% growth, also defying the overall market&rsquo;s contraction, raising its global market share to 13.6% from 13.5%, making it the second largest brand. Dell&rsquo;s PC shipments fell 4% to 9.8 million units, dropping it share to 14.3% of the market, while Taiwan&rsquo;s&nbsp;Asustek&nbsp;was a relative winner, finishing fourth with 10% growth to take 7.9% of the market.
Lenovo&rsquo;s stock fell 7% in the three trading days after the announcement, though much of that was in sync with a broader selloff for Chinese shares following a major rally for the group over the month before that. The stock is down slightly so far this year, in sharp contrast to a 25% gain for the broader Hang Seng Index due to the recent stock rally.
<h3>Still Highly Valued</h3>
Lenovo&rsquo;s lackluster stock performance this year could owe partly to the fact that it&rsquo;s no longer considered a China stock, since it&rsquo;s truly a global company that derives its revenue from all major global markets. Still, the company&rsquo;s base in China has raised a few concerns amid recent tensions with the West, which may have been a factor in the company&rsquo;s&nbsp;<a href="https://thebambooworks.com/lenovo-makes-critical-calculation-with-middle-east-pivot/">recent plan</a>&nbsp;to build a major new production base in the Middle East.
In terms of valuation ratios, Lenovo is still a relative favorite among investors with a price-to-earnings (P/E) of 17. That&rsquo;s ahead of 13 for HP and 14 for Asustek, though it trails the 23 for Dell, whose shares have gotten a major boost over the past year on big hopes for its AI-optimized servers.
Investors certainly aren&rsquo;t interested in Lenovo for its gross margins, which are a key indicator of how profitably a company conducts its core business. The company&rsquo;s gross margin stood at 17.2% in its latest fiscal year, well behind the 21.4% for HP and 22.4% for Dell and also trailing the 17.8% for Asustek. What&rsquo;s worse, Lenovo&rsquo;s gross margin actually dropped to 16.6% in its latest fiscal quarter through June from 17.5% a year earlier.
That brings us back to the market share versus profits issue we raised earlier, since a big factor behind Lenovo&rsquo;s eroding profitability appears to be its focus on gaining share in an important segment of the market. That segment is infrastructure owners, which includes cloud computing center operators, which are some of the most aggressive buyers of AI technology and could become just as important as consumer and enterprise PC buyers in the future.
Lenovo reported its overall revenue rose 20% year-on-year to $15.4 million in the three months to June, largely driven by a 65% jump in revenue to more than $3 billion for its infrastructure solutions group, one of the company&rsquo;s three main business segments. Its other two segments, including the one that accounts for most of its PC sales, both grew by far slower rates of about 10%.
That means the infrastructure division, whose core products include servers and storage devices, now accounts for about one-fifth of the company&rsquo;s overall sales, and the ratio is likely to grow further still. In fact, Lenovo said in its latest report that such non-PC products accounted for a record 47% of its revenue in its latest quarter, putting such products on track to overtake PC sales quite possibly by the end of 2024.
The problem right now for Lenovo is that its infrastructure division that achieved such stellar sales growth is also the only one of its three main segments that reported an operating loss in its latest fiscal quarter. But at least that loss is shrinking, falling to $37 million in the three months to June from $60 million a year earlier.
At the end of the day, Lenovo and its peers are doing whatever they feel is necessary to position themselves for the AI era that will be the next big growth driver for their industry. Investors seem willing to accept that companies may need to sacrifice profits to improve their positioning to do that, at least for the next year or two.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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Lenovo Gains Market Share In Computing Race To Reap Profits From AI

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 9.81%</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and lowered the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 75%.</li>
<li>Citigroup analyst Asiya Merchant initiated coverage on the stock with a Sell rating and a price target of $11 on June 28. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Sept. 17, Xerox said CFO Xavier Heiss will retire on Feb. 1, 2025.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1">latest XRX news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="878" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071017/image-59.png" alt="" class="wp-image-587363" style="width:636px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071017/image-59.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071017/image-59-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071017/image-59-768x724.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
<h3 class="wp-block-heading">HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</h3>
<ul>
<li>Dividend Yield: 3.06%</li>
<li>Citigroup analyst Asiya Merchant downgraded the stock from Buy to Neutral with a price target of $37 on Oct. 1. This analyst has an accuracy rate of 74%.</li>
<li>B of A Securities analyst Wamsi Mohan downgraded the stock from Buy to Neutral with a price target of $37 on Sept. 27. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Sept. 25, HP reported the acquisition of Vyopta for an undisclosed price.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1">latest HPQ news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="825" height="772" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071034/image-60.png" alt="" class="wp-image-587364" style="width:600px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071034/image-60.png 825w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071034/image-60-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071034/image-60-768x719.png 768w" sizes="(max-width: 825px) 100vw, 825px" /></a></figure>
<h3 class="wp-block-heading">Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</h3>
<ul>
<li>Dividend Yield: 3.03%</li>
<li>Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and raised the price target from $55 to $60 on Sept. 20. This analyst has an accuracy rate of 74%.</li>
<li>New Street Research analyst Pierre Ferragu upgraded the stock from Neutral to Buy with a price target of $57 on Aug. 15. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Oct. 1, VAST Data expanded its partnership with Cisco to deliver end-to-end, full stack AI infrastructure.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1"> trend in CSCO stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="911" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071248/image-61.png" alt="" class="wp-image-587367" style="width:581px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071248/image-61.png 911w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071248/image-61-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071248/image-61-768x697.png 768w" sizes="(max-width: 911px) 100vw, 911px" /></a></figure>
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Wall Street's Most Accurate Analysts Spotlight On 3 Tech Stocks Delivering High-Dividend Yields

In the latest slew of departures, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;veteran leader quit ahead of its Robotaxi event on October 10 at&nbsp;Warner Bros. Discovery Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) movie studio lot in Burbank, California.
Chief Information Officer Nagesh Saldi joined Tesla in 2012 from&nbsp;HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) and gradually became the CIO in 2018.
Saldi reported directly to Tesla chief Elon Musk, and Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-03/tesla-s-top-data-executive-is-leaving-as-robotaxi-event-looms?sref=TBDibEcD" rel="noreferrer noopener">cited</a> familiar sources.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41169516/tesla-recalls-27-185-cybertruck-vehicles-over-rearview-camera-delay" rel="noreferrer noopener">Tesla Recalls 27,185 Cybertruck Vehicles Over Rearview Camera Delay</a>
Saldi is credited with building Tesla&#8217;s new data centers in Texas and New York.
In 2024, several executive departures occurred since Musk&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41169516/tesla-recalls-27-185-cybertruck-vehicles-over-rearview-camera-delay" rel="noreferrer noopener">announced a downsizing</a>, surpassing 10%&nbsp;of its staff.
In May, Tesla&#8217;s head of product launches, Rich Otto, resigned from the company <a target="_blank" href="https://www.benzinga.com/news/24/05/38722034/teslas-head-of-product-launches-departs-after-feeling-ev-giant-took-pound-of-flesh-amid-mass-firings" rel="noreferrer noopener">after seven years</a>.
Otto&#8217;s exit coincided with the resignation of the senior director of charging infrastructure, Rebecca Tinucci, the director of new product introduction, Daniel Ho, and the senior vice president of powertrain and energy engineering, Drew Baglino.
Artificial intelligence Manager Paril Jain also exited in the same month <a target="_blank" href="https://www.benzinga.com/news/24/05/38864517/tesla-ai-manager-who-resigned-doesnt-see-ceo-elon-musks-capacity-eroding-to-retain-talent-amid-layof" rel="noreferrer noopener">after seven years</a> to join&nbsp;The Bot Company, which he co-founded.
Also, in May, Cybertruck manufacturing&nbsp;head&nbsp;Renjie Zhu <a target="_blank" href="https://www.benzinga.com/news/24/05/38807839/another-tesla-exec-departs-as-musk-downsizes-cybertruck-manufacturing-head-marks-end-of-adventure-wi" rel="noreferrer noopener">resigned after five years</a>. Tesla started delivering the Cybertruck in November.
In August, Tesla&#8217;s Vice President of Finance and Business Operations,&nbsp;Sreela Venkataratnam, who is credited with ramping vital models, <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40498320/teslas-veteran-finance-and-business-operations-vp-to-leave-after-11-year-stint-at-elon-musk-led-" rel="noreferrer noopener">departed after eleven years</a>.
Tesla&#8217;s stock has been down close to 6% in the last 12 months due to industrywide demand weakness and competition from <a href="https://www.benzinga.com/news/24/08/40156978/tesla-ceo-elon-musk-admits-lower-priced-evs-from-rival-automakers-are-a-problem-but-not-one-that-wil" target="_blank" rel="noreferrer noopener">lower-priced electric vehicles</a>.
<h2 class="wp-block-heading">Tesla Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Tesla's revenue has grown at an average rate of 41.16% annually over the past 5 years. The average 1-year price target from analysts is $226.86, representing an expected -8.53% downside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Tesla have seen an annualized return of -2.61%, underperforming the S&amp;P500 index by 12.46%. This compares to 3.79% growth in the overall Consumer Discretionary sector. Tesla has a beta of 0.62.
Price Action: TSLA stock is up 3.33% at $248.67 at last check on Friday.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41145803/tesla-q3-deliveries-step-in-the-right-direction-analyst-says-more-heavy-lifting-nee" target="_blank" rel="noreferrer noopener">Tesla Q3 Deliveries &#8216;Step In The Right Direction&#8217;: Analyst Says More &#8216;Heavy Lifting&#8217; Needed From Elon Musk To Turn Growth Story Around</a></li>
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Image via Shutterstock

Management

Media

TSLA

Tesla CIO Quits Before Major Robotaxi Event, Exec Departures Continue in 2024

WIIM

HP shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and maintained its $37 price target.

Citigroup analyst Asiya Merchant downgrades HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) from Buy to Neutral and maintains the price target from $37 to $37.

Downgrades

Citigroup Downgrades HP to Neutral, Maintains Price Target to $37

U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.2% on Friday.
Shares of Cassava Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) fell sharply in today's pre-market trading after the SEC charged the company, two former executives for misleading claims about <a href="https://www.benzinga.com/quote/SAVA/news">Alzheimer&#8217;s clinical trial</a>.
Cassava Sciences shares dipped 10.8% to $28.40 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>enVVeno Medical Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNO#NASDAQ">NVNO</a>) shares tumbled 16.4% to $3.7600 in pre-market trading after the company announced a proposed public offering.</li>
<li>Uranium Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UEC#NYSE">UEC</a>) shares declined 5% to $6.05 in pre-market trading.</li>
<li>Udemy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UDMY#NASDAQ">UDMY</a>) shares fell 4.6% to $7.76 in pre-market trading.</li>
<li>TORM plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMD#NASDAQ">TRMD</a>) shares declined 4% to $33.96 in pre-market trading.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) shares declined 3.2% to $35.70 in pre-market trading after gaining over 2% on Thursday.</li>
<li>Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) shares fell 2.6% to $121.05 in pre-market trading.</li>
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Cassava Sciences, enVVeno Medical And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64d204a0a2d7e70001a19db1/andy-chen">Wolfe Research analyst Andy Chen</a> downgraded the rating for Celldex Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLDX#NASDAQ">CLDX</a>) from Outperform to Peer Perform. Celldex Therapeutics shares fell 8.7% to close at $32.86 on Thursday. <a href="https://www.benzinga.com/quote/cldx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Justin Patterson downgraded Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) from Overweight to Sector Weight. Bumble shares gained 1.9% to close at $6.44 on Thursday. <a href="https://www.benzinga.com/quote/bmbl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58e64305b85e9300014c97f9/wamsi-mohan">B of A Securities analyst Wamsi Mohan</a> downgraded the rating for HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) from Buy to Neutral and maintained the price target of $37. HP shares gained 2.2% to close at $36.85 on Thursday. <a href="https://www.benzinga.com/quote/hpq/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Leerink Partners analyst Andrew Berens downgraded Agios Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIO#NASDAQ">AGIO</a>) from Outperform to Market Perform while cutting the price target from $60 to $56. Agios Pharmaceuticals shares fell 2% to close at $48.05 on Thursday. <a href="https://www.benzinga.com/quote/agio/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>M<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e7b9f8a5f2b9b000115d436/josh-baer">organ Stanley analyst Josh Baer </a>downgraded the rating for Udemy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UDMY#NASDAQ">UDMY</a>) from Equal-Weight to Underweight and slashed the price target from $10 to $7.5. Udemy shares gained 1.3% to close at $8.13 on Thursday. <a href="https://www.benzinga.com/quote/udmy/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying HP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="509" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27081537/image-224-1024x509.png" alt="" class="wp-image-569695" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27081537/image-224-1024x509.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27081537/image-224-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27081537/image-224-768x382.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27081537/image-224.png 1330w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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CLDX

This HP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

HP shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and maintained a $37 price target.

B of A Securities analyst Wamsi Mohan downgrades HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) from Buy to Neutral and maintains the price target from $37 to $37.

B of A Securities Downgrades HP to Neutral, Maintains Price Target to $37

Shares of Establishment Labs Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESTA#NASDAQ">ESTA</a>) rose sharply in today's pre-market as the company received U.S. FDA approval for Motiva Implants.
Establishment Labs Holdings shares jumped 28.3% to $52.88 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Fangdd Network Group Ltd.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) rose 51.3% to $1.62 in pre-market trading after jumping 110% on Thursday.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) shares rose 40.1% to $4.75 in pre-market trading. Onconetix recently announced a 1-for-40 reverse stock split.</li>
<li>The Real Good Food Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGF#NASDAQ">RGF</a>) gained 38.9% to $0.5140 in pre-market trading after announcing debt refinancing transactions with PMC Financial Services and Emblem Investment Fund for a $60 million new term loan.</li>
<li>Expion360 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) rose 30.2% to $0.0840 in pre-market trading after declining around 23% on Thursday.</li>
<li>Cardio Diagnostics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDIO#NASDAQ">CDIO</a>) shares rose 26.5% to $0.3162 in pre-market trading after falling around 5% on Thursday.</li>
<li>Mercurity Fintech Holding Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) shares surged 16% to $1.60 in pre-market trading after falling around 4% on Thursday.</li>
<li>Sonim Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) shares gained 10.1% to $3.27 in pre-market trading. Sonim Technologies recently announced a strategic distribution partnership with TCCM.</li>
<li>IonQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NASDAQ">IONQ</a>) gained 7% to $8.62 in pre-market trading after the company said it inked $54.5 million contract with the United States Air Force Research Lab.</li>
<li>Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) shares jumped 6.3% to $53.29 in pre-market trading as the company said the U.S. FDA has approved COBENFY&#x2122; (xanomeline and trospium chloride), an oral medication for the treatment of schizophrenia in adults.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Volato Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#NYSE">SOAR</a>) shares dipped 19% to $0.4156 in pre-market trading after jumping 83% on Thursday.</li>
<li>enVVeno Medical Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNO#NASDAQ">NVNO</a>) fell 16.4% to $3.76 in pre-market trading after announcing a proposed public offering.</li>
<li>Momentus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares fell 16% to $0.4504 in pre-market trading after the company received non-compliance notice from Listing Qualifications Department of Nasdaq.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) fell 13.8% to $0.2058 in pre-market trading after gaining more than 7% on Thursday.</li>
<li>Telesis Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBIO#NASDAQ">TBIO</a>) shares declined 12.8% to $3.48 in pre-market trading. Telesis Bio shares jumped 72% on Thursday after the company announced a partnership with Beckman Coulter Life Sciences to revolutionize DNA and mRNA synthesis.</li>
<li>Theriva Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOVX#NASDAQ">TOVX</a>) shares fell 11.8% to $1.80 in pre-market trading after the company announced the pricing of $2.5 million public offering.</li>
<li>Cassava Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) declined 10.8% to $28.40 in pre-market trading after the SEC charged the company, two former executives for misleading claims about Alzheimer&#8217;s clinical trial.</li>
<li>AtlasClear Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#NASDAQ">ATCH</a>) shares declined 9.8% to $0.2643 in pre-market trading.</li>
<li>Gryphon Digital Mining, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) fell 9.6% to $0.5533 in today's pre-market trading after gaining 10% on Thursday.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) shares fell 3.2% to $35.70 in pre-market trading after gaining over 2% on Thursday.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/41061511/costco-scholastic-and-3-stocks-to-watch-heading-into-friday">Costco, Scholastic And 3 Stocks To Watch Heading Into Friday</a></li>
</ul>

ATCH

Cardio Diagnostics Holdings Inc. - Common stock

CDIO

ESTA

GRYP

IONQ

MBIO

MNTS

ONCO

SOAR

SONM

TBIO

TOVX

XPON

Why Establishment Labs Shares Are Trading Higher By Around 28%; Here Are 20 Stocks Moving Premarket

HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) announced Wednesday the acquisition of Vyopta for an undisclosed price.
Vyopta is an Austin, Texas-based provider of collaboration management solutions. It offers analytics and monitoring for extensive, unified communications and collaboration (UC) networks.
Also Read: <a href="https://www.benzinga.com/news/24/09/41020880/broadcom-chipset-fuels-fss-high-performance-ai-networking-solutions" target="_blank" rel="noreferrer noopener">Broadcom Chipset Fuels FS&#8217;s High-Performance AI Networking Solutions</a>
Vyopta brings vast expertise and infrastructure to turbocharge the development of HP&#8217;s Workforce Experience&nbsp;Platform.
The HP Workforce Experience Platform offers customers control over their digital ecosystem from a single pane of glass.
This acquisition will accelerate HP&#8217;s existing platform strategy and expand its space and application management capabilities.
HP held $2.8 billion in <a href="https://www.benzinga.com/news/earnings/24/08/40620967/hp-inc-tightens-the-belt-mixed-q3-results-and-cautious-fy24-outlook" target="_blank" rel="noreferrer noopener">cash and equivalents</a> as of July 31. The company&#8217;s topline grew by 2.4% to $13.52 billion in the third quarter, beating the analyst consensus of $13.38 billion. Adjusted operating margin contracted 70 bps to 8.1%.
Bank of America Securities analyst Wamsi Mohan <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40904501/hewlett-packard-analyst-gives-5-reasons-to-be-bullish-as-juniper-deal-promises-to-s" target="_blank" rel="noreferrer noopener">projected upside from</a> cost cuts, Juniper-related synergies, and AI optionality.
HP&nbsp;stock is up over 36% in the last 12 months. Investors can gain exposure to the stock through First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNGZ#NASDAQ">KNGZ</a>) and First Trust Exchange-Traded Fund First Trust S&amp;P 500 Diversified Free Cash Flow ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCFY#NYSE">FCFY</a>).
Price Action: HPQ stock is down 0.28% at $35.74 premarket at the last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/09/41012678/super-micro-unveils-next-gen-servers-powered-by-intels-latest-xeon-chips" target="_blank" rel="noreferrer noopener">Super Micro Unveils Next-Gen Servers Powered by Intel&#8217;s Latest Xeon Chips</a></li>
</ul>
Image: Shutterstock

FCFY

KNGZ

HP Strengthens Digital Ecosystem Control With Vyopta Acquisition

HP Inc. today announced it has acquired <a href="https://www.globenewswire.com/Tracker?data=vBaJo0IFSWPauTiVr18BgONElNeJxEo4WUCKTsvkA2nv1fhm5nkba-C_CNiA-29fCfdzj6XF6S56WIpNL3SNBA==">Vyopta</a>, an Austin based provider of collaboration management solutions, offering analytics and monitoring for large, unified communications and collaboration (UC) networks. Vyopta brings extensive expertise and infrastructure to turbocharge the development of HP's Workforce Experience <a href="https://www.globenewswire.com/Tracker?data=Ml4veUajLM-NC38x7lJ0YfaYxuS1lWxQIAzM6ObRbm-RrX2ccfWDvGRSA4iy46X8UXwgK4euo9ctJLHqKKuJA2n7BHXgubmTQKbuXq6o9LA=">Platform</a> and provide customers with more insights and capabilities.
The HP Workforce Experience Platform, launched earlier this year, is designed to improve the employee experience and simplify IT management by giving customers control over their digital ecosystem from a single pane of glass. Today's news marks the next step in the Platform journey to create a more comprehensive workplace view for customers and set HP further apart from competitors.

HP Strengthens Workforce Experience Platform With Acquisition Of Vyopta; No Financial Terms Disclosed

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 9.83%</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and cut the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 74%.</li>
<li>Citigroup analyst Asiya Merchant initiated coverage on the stock with a Sell rating and a price target of $11 on June 28. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Sept. 17, Xerox said CFO Xavier Heiss will retire on Feb. 1, 2025.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1">latest XRX news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="810" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050204/image-184.png" alt="" class="wp-image-562635" style="width:682px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050204/image-184.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050204/image-184-300x268.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050204/image-184-768x686.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 4.93%</li>
<li>Jefferies analyst Saree Boroditsky initiated coverage on the stock with a Hold rating and a price target of $12 on April 9. This analyst has an accuracy rate of 60%</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Sept. 12, Methode Electronics&#8217; board named Mark Schwabero as new Chairman of the Board.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify th<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1">e trend in MEI stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050309/image-185.png" alt="" class="wp-image-562636" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050309/image-185.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050309/image-185-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050309/image-185-768x704.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</h3>
<ul>
<li>Dividend Yield: 3.13%</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and cut the price target from $37 to $35 on Sept. 5. This analyst has an accuracy rate of 75%.</li>
<li>Barclays analyst Tim Long maintained an Equal-Weight rating and lowered the price target from $33 to $32 on Aug. 29. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Aug. 28, HP reported better-than-expected third-quarter financial results and increased its share repurchase authorization to $10 billion in total.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1">breakout in HPQ shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="891" height="810" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050350/image-186.png" alt="" class="wp-image-562638" style="width:641px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050350/image-186.png 891w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050350/image-186-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050350/image-186-768x698.png 768w" sizes="(max-width: 891px) 100vw, 891px" /></a></figure>
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Read More: 
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<li><a href="https://www.benzinga.com/markets/24/09/40991631/jim-cramer-says-this-utilities-stock-is-a-buy-we-need-cheap-power">Jim Cramer Says This Utilities Stock Is A Buy: &#8216;We Need Cheap Power&#8217;</a></li>
</ul>

Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields

Shares of Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) climbed in early trading on Tuesday, <a href="https://www.benzinga.com/news/24/09/40901313/compass-minerals-torrid-holdings-icahn-enterprises-hewlett-packard-enterprise-and-other-big-stocks-m">along with some other stocks</a>.
The company is poised to benefit from cost cuts, Juniper-related synergies and AI optionality, according to Bank of America Securities.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58e64305b85e9300014c97f9/wamsi-mohan">Analyst Wamsi Mohan</a> upgraded the rating from Neutral to Buy, while raising the price target from $21 to $24.
The Thesis: The Juniper acquisition will lower the company's reliance on compute and "shift focus to the higher margin networking business," Mohan said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The analyst mentioned five reasons for the upgrade:
<ul>
<li>Significant cost cuts driven by new CFO Marie Myers, who has a proven track record at HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</li>
<li>Cyclical recovery across servers, storage and networking</li>
<li>Increased revenues and cost synergies from the Juniper acquisition, which is expected to close soon</li>
<li>Margin recovery in High-Performance Compute (HPC)</li>
<li>AI-related benefits, "as Enterprise/Sovereign demand increases"</li>
</ul>
The tech company could leverage its partnership with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and "capitalize on Juniper&#8217;s Mist platform utilizing A.I. in the networking market," he further wrote.
Price Action: Hewlett Packard shares spiked 6.09% to $18.28 at the time of publication on Tuesday.
Read More: <a href="https://www.benzinga.com/24/09/40898216/cramer-hewlett-packard-is-a-very-inexpensive-stock-likes-this-big-tech-stock">Hewlett Packard Is A &#8216;Very Inexpensive&#8217; Stock, Cramer Says</a>
Courtesy Hewlett Packard Enterprise

Analyst Color

Long Ideas

Upgrades

NVDA

Hewlett Packard Analyst Gives 5 Reasons To Be Bullish As Juniper Deal Promises To 'Shift Focus'

Loop Capital analyst Ananda Baruah maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Hold and lowers the price target from $37 to $35.

Loop Capital Maintains Hold on HP, Lowers Price Target to $35

Last Wednesday, HP Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpq#NYSE">HPQ</a>) issued a mixed fiscal third quarter report. Following the promise of&nbsp;CEO Enrique Lores that better results are coming with the AI-powered PCs ramp up and cost cuts, stock jumped 4% the following day.
HP followed the trend previously shown&nbsp;by its rival Xerox Holdings Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xrx#NASDAQ">XRX</a>). With its latest earnings report,&nbsp;Xerox also reported weak earnings and issued a cautious guidance. But unlike Xerox that reported a revenue decline in its second quarter,&nbsp;HP Inc reported its first sales increase in two years, fueled by resurgence of corporate computer purchases and Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) deciding to end support for Windows 10, forcing its users to make upgrades.
<h3>HP&rsquo;s Mixed Fiscal Third Quarter Highlights</h3>
The printer and PC maker reported revenue rose&nbsp;2.4% to $13.5 billion.
Consumer PCs reported a 1%&nbsp;sales drop while&nbsp;commercial sales improved 8% as like in the previous quarter, commercial consumers were upgrading their equipment ahead of the Microsoft Corporation ending support for Windows 10 that is scheduled for October 2025. HP and Microsoft have one of the longest standing strategic alliances o its kind in the global industry. Titled&nbsp;the HP and Microsoft Frontline Partnership, HP and Microsoft joined their strengths in technology, engineering and other resources to develop solutions for improving productivity across the globe. But in the new era in the making, the alliance between HP and Microsoft evolved from enhancing PCs to the cloud, and now to data center innovations and emerging technologies of all sizes.The entire division reported an overall 8% increase in sales.&nbsp;&nbsp;IDC issued that during the second quarter of 2024, worldwide PC shipments rose 3% YoY as they reached 64.9 million, but the market hasn&rsquo;t recovered as much as HP had hoped.&nbsp;
As for the struggling printing division, overall sales dropped 3% YoY to $4.14 billion,&nbsp;with consumer printing sales rising 2% and commercial sales contracting by 5%. The segment&rsquo;s operating margins shrinked to 17.3%, down from last year&rsquo;s comparable quarter when they amounted to 19%.&nbsp;
Adjusted earnings per share amounted to 86 cents.
A weak short-term guidance from both HP and Xerox.
Due to&nbsp;PC pricing not having improved as much as HP hoped, and the printing segment remaining the biggest concern of analysts with a continued decline due to stiff price competition and the shift to home offices, HP&nbsp;cut its full-year profit outlook. HP guided for full fiscal year adjusted profit between&nbsp;$3.35 a share and $3.45 a share. It previously expected profit of $3.60 per share.
A brighter long-term outlook
Despite a 10% revenue decline and a lowered annual outlook, even Xerox CEO is anticipating a turnaround. Like another one of its peers, Dell Technologies Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) HP is hoping the so-called AI PCs will spur the much-needed enthusisasm but despite the good momentum, they still make only a fraction of the business. Therefore, for the good of the above companies, may the AI-era upgrades continue!
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Small Cap

MSFT

HP Inc Delivers A Mixed Report But The PC Market Hasn't Recovered As Much As Hoped

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$110.00</td>
<td>$26.5K</td>
<td>32.2K</td>
<td>134.5K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$155.00</td>
<td>$26.0K</td>
<td>5.2K</td>
<td>21.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$150.00</td>
<td>$29.9K</td>
<td>12.5K</td>
<td>8.4K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$11.50</td>
<td>$104.0K</td>
<td>262</td>
<td>4.0K</td>
</tr>
<tr>
<td>HPQ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$37.00</td>
<td>$27.1K</td>
<td>4.3K</td>
<td>3.3K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$412.50</td>
<td>$40.1K</td>
<td>946</td>
<td>2.4K</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$141.00</td>
<td>$28.7K</td>
<td>585</td>
<td>1.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/06/24</td>
<td>$445.00</td>
<td>$32.5K</td>
<td>737</td>
<td>1.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$139.00</td>
<td>$1.5 million</td>
<td>33.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$20.00</td>
<td>$36.4K</td>
<td>22.1K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on September 6, 2024. Parties traded 100 contract(s) at a $110.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $265.0 per contract. There were 32283 open contracts at this strike prior to today, and today 134576 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on September 6, 2024. Parties traded 50 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $520.0 per contract. There were 5269 open contracts at this strike prior to today, and today 21817 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 17 day(s) on September 20, 2024. This event was a transfer of 146 contract(s) at a $150.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $205.0 per contract. There were 12578 open contracts at this strike prior to today, and today 8403 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a call option sweep with bearish sentiment. It expires in 24 day(s) on September 27, 2024. Parties traded 4000 contract(s) at a $11.50 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $104.0K, with a price of $26.0 per contract. There were 262 open contracts at this strike prior to today, and today 4029 contract(s) were bought and sold. 
• For HPQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on September 6, 2024. This event was a transfer of 186 contract(s) at a $37.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $146.0 per contract. There were 4362 open contracts at this strike prior to today, and today 3390 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on September 6, 2024. This event was a transfer of 100 contract(s) at a $412.50 strike. The total cost received by the writing party (or parties) was $40.1K, with a price of $401.0 per contract. There were 946 open contracts at this strike prior to today, and today 2431 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a put option trade that happens to be bearish, expiring in 17 day(s) on September 20, 2024. This event was a transfer of 50 contract(s) at a $141.00 strike. The total cost received by the writing party (or parties) was $28.7K, with a price of $575.0 per contract. There were 585 open contracts at this strike prior to today, and today 1712 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with neutral sentiment. It expires in 3 day(s) on September 6, 2024. Parties traded 20 contract(s) at a $445.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.5K, with a price of $1627.0 per contract. There were 737 open contracts at this strike prior to today, and today 1644 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bearish, expiring in 45 day(s) on October 18, 2024. This event was a transfer of 1580 contract(s) at a $139.00 strike. The total cost received by the writing party (or parties) was $1.5 million, with a price of $960.0 per contract. There were 33859 open contracts at this strike prior to today, and today 1607 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a put option sweep that happens to be bullish, expiring in 836 day(s) on December 18, 2026. This event was a transfer of 80 contract(s) at a $20.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $455.0 per contract. There were 22116 open contracts at this strike prior to today, and today 1270 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AVGO

CLSK

INTC

MSTR

ORCL

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

Wall Street rallied robustly on Thursday, with traders embracing a risk-on approach after government data revealed the U.S. economy grew by 3% in the second quarter, outpacing earlier estimates of 2.8%, driven by strong upward <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40629012/gdp-data-shows-economy-in-good-shape-job-market-key-for-rest-of-2024-economists">revisions in household consumption. </a>
The upbeat market sentiment prevailed even as NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), the year&#8217;s top-performing S&amp;P 500 stock, slipped over 3% following its earnings report, with revenue projections for the current quarter failing to impress the heightened expectations.
Other semiconductor stocks decoupled from Nvidia <a href="https://www.benzinga.com/news/earnings/24/08/40630439/semiconductor-etfs-rally-despite-nvidia-dip-10-chipmakers-defy-the-ai-darlings-drop">and showed strong gains</a>, with the broader iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) up over 2%. 
Small caps rallied 1.4%, positively reacting to the upwardly revised GDP data. The Dow Jones Industrial Average rose 1.1%. achieving fresh record highs to over 41,500 points. 
Commodities gained strength, with natural gas rallying 2%, oil prices climbing 1.6%, gold advancing 0.8%, and silver rising 1.3%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 2.5%, on track to snap three straight session of losses. 
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,223.27</td>
<td>1.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,614.94</td>
<td>1.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,562.92</td>
<td>1.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,645.35</td>
<td>1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.9% higher to $563.17.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.1% to $416.02.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was up 1.2% to $477.23.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.4% to $220.24.</li>
<li>The Industrials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) outperformed, up by 1.5%. The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down by 0.4%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Chipmaker stocks rallying the most on Thursday despite Nvidia&#8217;s dip were Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) up 5.6%, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) up 4.7% and ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) up 4.3%.</li>
<li>Other stocks moving on earnings are American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) down 3.3%, Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) up 33%, Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) up 15%, Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) up 0.7%, Campbell Soup Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) down 1.5%, Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) up over 11%, CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) up 5%, Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) down 30%, Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) down 1%, HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) up 4%, Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) up 19%, NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) down 8%, Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) down 16%, Pure Storage, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) down 15%, Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) up 0.5% and Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) down 1.3%.</li>
<li>Those reporting after the close include Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) and Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>).</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40628887/nvidia-analysts-say-pullback-is-buying-opportunity-pushing-ai-envelope-too-signific">Nvidia Analysts Say Pullback Is Buying Opportunity: &#8216;Pushing AI Envelope Too Significant To Slow Down&#8217;</a></li>
</ul>
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US Stocks Rally, Dow Jones Achieves Record Highs As GDP Outperforms, Nvidia Falls: What's Driving Markets Thursday?

HP shares are trading higher after the company reported better-than-expected Q3 financial results and increased its share repurchase authorization to $10 billion in total. The stock initially traded lower, but it has since reversed.

Morgan Stanley analyst Erik Woodring maintains HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) with a Equal-Weight and lowers the price target from $37 to $36.

Morgan Stanley Maintains Equal-Weight on HP, Lowers Price Target to $36

During economic uncertainty, dividend growth stocks are a smart choice for stable passive income, inflation protection, and potential for increasing dividends, offering security in a volatile market. Therefore, investors might consider buying dividend growth stocks like Elevance Health (ELV), Enterprise Products Partners (EPD), and HP (HPQ), each with over 10 years of dividend payout increases. Read on… Dividend growth stocks offer rising dividends, boost yield on cost (<a href="https://www.investopedia.com/terms/y/yield-on-cost.asp">YOC</a>) and provide growing income. Ideal for investors seeking steady growth, these stocks also allow reinvesting dividends to compound returns over time.
Hence, income investors might consider investing in strong dividend growth stocks like Elevance Health, Inc. (<a href="https://stocknews.com/stock/ELV/">ELV</a>), Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>), and HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>), as their payouts have been increasing for over 10 years.
The mixed U.S. economy creates uncertainty for investors, with fluctuating inflation trends and Fed policies. The economic scenario ahead remains uncertain amid rate cuts and the upcoming presidential election. Amid this landscape, dividend growth stocks offer stable cash flows and low volatility, making them a safer choice.
Moreover, core inflation rose by <a href="https://www.jpmorgan.com/insights/outlook/economic-outlook/cpi-report-august-2024#:~:text=Core%20CPI%20findings,%25%20YoY%2C%20unchanged%20from%20July.&amp;text=The%20monthly%20rise%20was%20fueled,not%20think%20will%20be%20sustained.">0.3% in August 2024</a>, signaling that inflation is stabilizing, which supports more predictable dividend payouts as pressures ease. With the U.S. Consumer Price Index (CPI) slowing and core inflation moderating, the economy could shift toward steady growth, making dividend payers an attractive option for consistent returns in a more stable environment.
Furthermore, dividend growth stocks typically have lower payout ratios, strong balance sheets, and stable cash flows, making them more resilient in economic downturns. Considering these conducive trends, let's analyze the fundamental aspects of the three dividend stock picks.
Elevance Health, Inc. (<a href="https://stocknews.com/stock/ELV/">ELV</a>)
ELV operates as a health benefits company. The company operates through four segments: Commercial &amp; Specialty Business, Government Business, CarelonRx, and Other. It supports consumers, families, and communities across the entire care journey, connecting to the care, support, and resources to lead healthier lives.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, ELV's 6.63% is 1.3% higher than the 6.54% industry average. Likewise, its 1.55x trailing-12-month asset turnover ratio is 275.5% higher than the 0.41x industry average. Its 6.14% trailing-12-month EBIT margin is 122.1% higher than the 2.77% industry average.
ELV has paid dividends for 12 consecutive years.  Its annual dividend is $6.52, which translates to a yield of 1.25% at the current share price. Its four-year average dividend yield is 1.12%. Moreover, the company's dividend payouts have increased at a CAGR of 13.6% over the past three years.
ELV's net revenues for the second quarter ended June 30, 2024, increased marginally year-over-year to $43.89 billion. Similarly, the company's adjusted shareholders' net income was $2.36 billion, or $10.12 per share, up 9.9% and 11.9%, respectively, compared to the prior-year quarter.
Additionally, as of June 30, 2024, ELV's total assets stood at $112.99 billion, compared to $108.93 billion as of December 31, 2023.
Street expects ELV's EPS and revenue for the quarter ending September 30, 2024, to increase 7.9% and 1.6% year-over-year to $9.70 and $43.16 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 16.1% to close the last trading session at $520.28.
ELV's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #3 out of 10 stocks in the A-rated <a href="https://stocknews.com/category/health-insurance/">Medical - Health Insurance</a> industry. It has a B grade for Stability. <a href="https://stocknews.com/stock/ELV/">Click here</a> to see ELV's ratings for Growth, Value, Momentum, Sentiment, and Quality.
Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>)
EPD provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines &amp; Services, Crude Oil Pipelines &amp; Services, Natural Gas Pipelines &amp; Services, and Petrochemical &amp; Refined Products Services.
On August 21, 2024, EPD announced it will acquire Piñon Midstream for $950 million in cash. This deal boosts EPD's natural gas treating operations in the Delaware Basin and is expected to close in Q4 2024.
On July 10, 2024, EPD declared a quarterly cash distribution of $0.525 per unit for the second quarter, a 5.0% increase from the prior year. The distribution will be paid on August 14, 2024, to unitholders of record as of July 31, 2024.
In terms of the trailing-12-month Return on Total Assets, EPD's 7.82% is 44% higher than the 5.43% industry average. Its 0.78x trailing-12-month asset turnover ratio is 57.6% higher than the 0.49x industry average. Also, its 20.73% trailing-12-month Return on Common Equity is 59.2% higher than the 13.02% industry average.
EPD pays an annual dividend of $2.10, which translates to a yield of 7.27% at the current share price. Its four-year average dividend yield is 7.63%. In addition, the company's dividend payouts have increased at a CAGR of 4.6% over the past three years. EPD has paid dividends for the past 25 years.
During the second quarter, which ended on June 30, EPD's total revenues increased 26.6% year-over-year to $13.48 billion. The company's operating income stood at $1.77 billion, up 11.8% year-over-year. Its net income attributable to common unitholders and earnings per common unit amounted to $1.41 billion and $0.64, representing increases of 12.1% and 12.3% year-over-year, respectively.
For the quarter ending September 30, 2024, EPD's EPS and revenue are expected to increase 10.12% and 17% year-over-year to $0.67 and $14.04 billion, respectively.  EPD's stock has gained 10.2% over the past nine months to close the last trading session at $28.88.
EPD's robust outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
Within the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs - Oil &amp; Gas</a> industry, it is ranked #10 out of 23 stocks. It has a B grade for Value, Momentum, and Stability. To see the other ratings of EPD for Growth, Sentiment, and Quality, <a href="https://stocknews.com/stock/EPD/">click here</a>.
HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>)
HPQ provides personal computing and other digital access devices, imaging and printing products, and related technologies, solutions, and services worldwide. The company operates through three segments: Personal Systems, Printing, and Corporate Investments.
On September 25, 2024, HPQ announced its acquisition of Vyopta, a provider of collaboration management solutions, to enhance its Workforce Experience Platform. This acquisition will improve HPQ's ability to offer customers advanced analytics, monitoring, and AI-driven insights for better employee experience and IT management.
In terms of the trailing-12-month EBIT margin, HPQ's 7.90% is 59.4% higher than the 4.95% industry average. Its 29.05% trailing-12-month Return on Total Capital is 941% higher than the 2.79% industry average. In addition, its 5.33% trailing-12-month net income margin is 47.2% higher than the industry average of 3.62%.
HPQ's annualized dividend of $1.10 per share translates to a dividend yield of 2.99% on the current share price. Its four-year average yield is 3.10%. Its dividend payouts have increased at a CAGR of 12.5% over the past three years. Also, HPQ has paid dividends for 13 consecutive years.
In the fiscal third quarter ended July 31, 2024, HPQ reported total net revenue of $13.52 billion, up 2.4% year-over-year. Its non-GAAP earnings from operations were $1.09 billion. Moreover, the company's non-GAAP net earnings were $819 million, or $0.83 per share.
Analysts expect HPQ's EPS for the quarter ending October 31, 2024, to increase 3.4% year-over-year to $0.93. Its revenue for the same quarter is expected to grow 1.4% year-over-year to $14.01 billion. HPQ's stock has gained 43.3% over the past year to close the last trading session at $36.85.
HPQ's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Value and Quality. Within the <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, it is ranked #12 out of 41 stocks. To access the additional POWR Ratings of HPQ for Growth, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/HPQ/">click here</a>.
What To Do Next?
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<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
ELV shares were trading at $525.55 per share on Friday afternoon, up $5.27 (+1.01%). Year-to-date, ELV has gained 12.49%, versus a 21.41% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/elv-epd-hpq-3-dividend-growth-stocks-with-payouts-increasing-for-10-years/>3 Dividend Growth Stocks With Payouts Increasing for 10+ Years</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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AAPL

AGCO

AMGN

AMKR

AMZN

BBWI

BERY

CMCSA

CTSH

CWEN

EBAY

EXPE

FIXT

FOXA

GILD

GOOG

GOOGL

LNVGY

MTDR

NXPI

QCOM

QQQM

SCHD

SCHG

SIRI

SPLG

SSNC

SWKS

VRSN

WYNN

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