Two SAG-AFTRA members filed a class action lawsuit against the union’s health plan, claiming that it failed to make adequate safeguards to prevent a recent data breach . The lawsuit was filed on Dec. 5 by members Matthew Rouillard and Kristy Munden, and seeks class action status. “SAG Health failed to protect the very customer information it was entrusted, compromising the personal information of an undisclosed number of its members,” the lawsuit alleged. It was filed in U.S. District Court in Los Angeles. The data breach was disclosed on Dec. 2 as SAG-AFTRA notified members of an email phishing attack. Read the members’ SAG-AFTRA Health Plan lawsuit . The lawsuit contended that SAG Health “failed to comply with industry standards to protect information systems that contain Private Information, and failed to provide timely and adequate notice to Plaintiffs and other members of the Class that their Private Information had been accessed and compromised.” The suit claimed that members were hit with “out-of-pocket expenses associated with preventing, detecting, and remediating identity theft, social engineering, and other unauthorized use of their Private Information,” as well as other injuries including the increased risk of fraud and identity theft. The lawsuit claimed violation of California’s unfair competition law, the Confidentiality of Medical Information Act, deceit by concealment, negligence, breach of express warranty, invasion of privacy and unjust enrichment. The litigation is seeking a slate of remedies, including adequate security protocols and the use of independent third party security auditors, as well as unspecified actual, statutory and punitive damages. A SAG-AFTRA spokesperson did not immediately respond to a request for comment. The Hollywood Reporter first reported on the lawsuit.
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Atria Investments Inc lessened its stake in Trimble Inc. ( NASDAQ:TRMB – Free Report ) by 14.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,485 shares of the scientific and technical instruments company’s stock after selling 587 shares during the quarter. Atria Investments Inc’s holdings in Trimble were worth $216,000 at the end of the most recent quarter. Several other institutional investors have also bought and sold shares of the company. Farrow Financial Inc. increased its position in Trimble by 0.5% in the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock worth $2,425,000 after buying an additional 192 shares during the last quarter. SVB Wealth LLC grew its stake in shares of Trimble by 4.8% during the 1st quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock worth $286,000 after acquiring an additional 204 shares during the period. Profund Advisors LLC grew its stake in shares of Trimble by 4.6% during the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock worth $276,000 after acquiring an additional 219 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Trimble by 5.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after acquiring an additional 219 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Trimble by 4.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock valued at $352,000 after acquiring an additional 237 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts have weighed in on the stock. Oppenheimer reiterated an “outperform” rating and set a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Piper Sandler increased their target price on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted their price target on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.40. Trimble Price Performance Shares of NASDAQ:TRMB opened at $72.32 on Friday. The company has a 50 day moving average of $63.66 and a 200 day moving average of $58.36. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market cap of $17.66 billion, a P/E ratio of 12.09, a P/E/G ratio of 3.05 and a beta of 1.49. Trimble Inc. has a 12 month low of $43.51 and a 12 month high of $74.22. Trimble Profile ( Free Report ) Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades. Featured Articles Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. ( NASDAQ:TRMB – Free Report ). Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter .
Christian Lazore walked to the top of the Central Park concrete exercise staircase in Saugus, then back down. He did it 100 times. And he did it in one day over the course of nine and a half hours without a break, eating and drinking while he walked. According to Melissa Mann, most people participating in the “August 100” challenge of 2023 did no more than 10 to 30 sets at a time on a given day to complete their monthly goal of 100 sets. That was the case for Mann and her friends. On the last day of the challenge, she and her group were finishing their sets when they saw Lazore, who just kept going up and down the steps. “He wasn’t leaving,” Mann said. “Then all of a sudden, it comes out later, he was doing all 100 sets on the last day.” She pointed to the Central Park stairs and added, “He did 100 of these in one day.” Saugus residents Mann, 37, and Lazore, 43, spoke with The Signal earlier this month at Central Park about a movement they lead called the SCV Stairs Project. What started as a Facebook group to encourage local residents to go out to the steps and walk 100 sets in one month has since grown to well over 1,000 followers on multiple social media platforms, and into a community of people who go out to the stairs regularly to exercise and help others. According to city of Santa Clarita Communications Division Manager Carrie Lujan, the response to the stairs, which are open daily to the public from sunrise to sunset, has been enormously positive since the city installed them. The staircase, she said, which is made up of 172 steps, cost approximately $11.87 million and was part of the Central Park Buildout project that was completed in October of 2023. She added that the plan included “much more than just the staircase,” and that funding came from the American Rescue Plan Act COVID-19 Response Fund. “The city was able to utilize these funds,” Lujan wrote in an email, “because they could be used for ‘loss of economic impact’ due to a number of sports tournaments and events, which are held at the park (and) had been put on hold as a result of COVID-19.” Lazore was out at the steps on the Fourth of July in 2023 before the official ribbon cutting ceremony. He and a friend were doing 50 sets of steps for the 50 U.S. states, the two of them carrying full-size American flags while they did their sets. And when they finished, they secured the flags at the top of the staircase. Both flags were still there earlier this month. “The city left them up there,” Lazore said. “And I was like, ‘I want to share this with everybody.’ I really felt like I left a piece of myself up there that day.” The next month, Lazore got the idea to do what has since become the annual “August 100” challenge. The idea was that those who were up to it would, during the month of August, complete 100 sets of the stairs. “There were already quite a few regulars,” Lazore said. “So, I invited them to the ‘August 100’ Facebook group.” The group took off, with many wanting to walk the 100 sets of steps in the span of the month. “I was just looking for 20 or 30 friends to come here and stay motivated together,” Lazore said. According to Mann, the “August 100” drew upwards of 200 people. She didn’t know Lazore at the time. A friend of hers, who knew Lazore’s wife, invited Mann into the group. “I didn’t know what it was,” Mann said. “She (her friend) just added me in there. And I was like, ‘Oh, this is cool. I’m into the health and wellness space, and I’m always up for a good challenge.’ I rallied a bunch of friends, and I asked, ‘Hey, you want to do this with me?’” When she got to the stairs and started walking, she also got to talking with others participating in Lazore’s challenge. Mann thrived on the support she saw among people there, and she enjoyed encouraging others, as well. She admitted it was addicting. She was immediately hooked. Mann later reached out to Lazore through the Facebook group and expressed how impressed she was with what he was doing. “The next day,” Mann said, “he sent me a message, and he was like, ‘Hey, do you want to go grab Starbucks?’ In my mind, I’m like, ‘Oh, I’m married. How do I make this clear?’ I didn’t know what he wanted or what his intention was. I wrote back, ‘I need to chat with my husband. What’s on your mind?’” Lazore wrote back, clarifying that he was married, too, and he assured her that he just wanted help. The project, he said, had grown too big for him to manage himself. Mann was eager to get involved. She joined forces with Lazore in September 2023, and that’s when the SCV Stairs Project was born. Lazore and Mann began coming up with new monthly challenges, like the 9/11 climb where participants did 14 sets of steps (14 because the World Trade Center towers were about 1,400 feet tall), and October’s contest where people were challenged to do 31 sets of steps for Halloween. Part of the work that Lazore and Mann do includes collecting pictures and video of people finishing their sets and cataloguing the names of those who finish. Much of that content is on social media. For the “August 100” challenges, the SCV Stairs Project produces T-shirts with the names of those who complete their 100-sets challenge. That’s only fueled the popularity of the project, and more and more people have been joining the community. “It’s incredible,” Mann said. “You had people who were sharing stories of overcoming cancer, some saying, ‘I’m walking for my dad who just passed away,’ and then people like me and my girlfriends who do this because we’re moms and we want to stay healthy and fit for our kids and fit for ourselves. You just had these deep stories that were coming out.” According to 61-year-old Sand Canyon resident Jenny Andrade-Rodgers, she got involved with the SCV Stairs Project last year because of the community that had formed around it. “Honestly, I didn’t even know those stairs existed,” she said in a telephone interview. “I don’t usually go to Saugus. I saw someone posting on Facebook and I got curious and went over there.” Andrade-Rodgers added that she bonded with people right away. They’d constantly challenge each other to top what they’d previously accomplished. “You meet a lot of people — very nice people,” she said. “And then you’re exercising — it’s really good cardio. It’s outdoors, it’s free. The scenery is nice — you get to see the most beautiful sunrises and really beautiful sunsets.” Andrade-Rodgers really got int it. Through the month of October 2023, she did 1,000 sets of steps. That’s not a typo. That’s a thousand. She’s since slowed down because she doesn’t want to overdo it, but she’s still a regular and very active. Canyon Country resident Carlos Soria said he’s seen the SCV Stairs Project community really inspire others. While some in the group enjoy friendly competition, people are mostly there to support one another and do their personal best. “You get people who are wanting to do it as exercise — at all different levels and for different reasons,” he said. “Next thing you know, you get that FOMO — fear of missing out. People are posting, ‘Hey, I was at the stairs.’ And you’re like, ‘Oh, man, I haven’t been there in a while. I’ve got to get out there.’” Mann said that she and Lazore don’t discourage anyone from coming out to the steps. It’s not about how many sets you do or how fast you can do them. Mann used to do a mom’s walking group. But that targeted mostly young moms only. The SCV Stairs Project is for the young and the old, male and female, and everyone in between. “I also don’t just want to appeal to the people who are the regulars who are already motivated,” she said. “I want to help reach the people who are too intimidated to even show up.” She makes an effort to reach out to those people who find themselves in dark places. It’s a place Mann knows well, having dealt with depression and anxiety. She used exercise during her tough times. Much of her passion came out of wanting to help people going through similar battles. “One of the sayings I carry with me always is, ‘You’re best equipped to help your previous self,’” she said. “If we’re not out there advocating for and helping support people who are struggling as we have in the past, then what’s the purpose of this life?” But helping others doesn’t stop there. The SCV Stairs Project also raises money through various challenges for charitable causes. They did a turkey trot last November and donated $1,500 to the Santa Clarita Grocery on Centre Pointe Parkway. They’re planning another one this year. They’ve also done fundraisers for the Michael Hoefflin Foundation for children’s cancer and one in memory of Los Angeles County Sheriff’s Deputy Ryan Clinkunbroomer, a Santa Clarita Valley resident, who was murdered in September 2023 while on duty in Palmdale. Lazore is thrilled with how the SCV Stairs Project has been making its mark and bringing people together. It has far exceeded his expectations so far, but it’s what he’d hoped for. “My goal has been for these stairs to be like the heartbeat of Santa Clarita,” he said. “It’s a place where we can all come together for whatever needs to be celebrated or mourned. I want it to be a place where everyone could just come and congregate and give and be together, whether it’s laughing or crying.” According to the SCV Stairs Project Facebook page, every step taken on the Central Park stairs represents progress toward a stronger, more connected community. The goal is to elevate the stairs into a symbol of unity, where a simple greeting and a friendly smile become second nature. As Lazore and Mann told their story, several people going up and down the stairs said hello to the two. Mann shouted to a father of two girls, “Good job, dad. Good job getting the girls out here,” to which the father replied, “They’re making me do it.” Some folks walking the steps even wore their “August 100” shirts, one woman showing off her name on the back of the shirt when she stopped by to say hello. Lazore and Mann were all smiles. “I’m so grateful for our community,” Lazore said. “Even though we continue to get larger and larger, I don’t ever want that small-town feel to get away from us. Because every time there’s something that goes on in Santa Clarita, whether it was the Saugus shooting or that deputy going down, this community continues to rally.” Know any unsung heroes or people in the SCV with an interesting life story to tell? Email [email protected] .
In a recent segment on the '7 PM in Brooklyn' podcast, NBA legend Carmelo Anthony looked back on the trade that sent J.R. Smith and Iman Shumpert to play with LeBron James. Carmelo still resents the Knicks for that deal and recently described his reaction after hearing the news all those years ago: "F--k them! I told LeBron, I said 'That's what we doing?' When it happened, the only thing going through my mind was LeBron. I know this is a chess game... I gotta get these guys away from him," said Anthony . "Sh-t is f---ed up because I could have used Shump and J.R. to go win a championship. That's why I flipped out like that in the locker room because you do not touch this nucleus right here! I don't give a f--k what you do. I said 'Y'all can't say sh-t to me. Do y'all know what the f--k you just did? You're gonna send them to him?" The Knicks /Cavaliers trade happened back in January of 2015. It was a three-team deal that involved sending Dion Waiters to the Thunder , Shumpert, and Smith to the Cavaliers, while the Knicks received Lou Amundson, Alex Kirk, Lance Thomas, and a 2019 second-round pick. The Knicks were not a championship team by any stretch, but many saw the deal as a step-down for the team, including Carmelo Anthony , who described how he went off in the locker room after finding out about the trade. The worst part about it for Melo is that they were sent to play with LeBron James, his biggest rival at the time. At the height of his career, Anthony was competing with LeBron James for supremacy in the East. With career averages of 22.5 points, 6.2 rebounds, and 2.7 assists per game on 44.7% shooting, Anthony was an expert three-level scorer who often went toe-to-toe with some of the game's top superstars. LeBron James, however, was arguably his biggest competitor. The two were known to be close friends, and it's a relationship that stands even now , but they were also rivals back in the day who played the same position in the same era of the game. When Carmelo forced his way to the Knicks in 2011, it put him in the same Conference as LeBron and he knew that it was going to take a massive effort to defeat him. Sadly, Carmelo never got further than the second round in his Knicks tenure. He eventually left the team in disgrace after a falling out with Phil Jackson and his career took a rapid decline from here. Meanwhile, LeBron James is still going strong to this day as a 4x MVP, 4x champion, and the NBA's all-time leading scorer. He defeated a lot of people on his way to victory and Carmelo was just one of many of them. Of course, the Knicks helped Lebron win all those years ago by gaining him the support he needed to beat the competition. If only they had done the same for Carmelo, his career might have taken a radically different turn. This article first appeared on Fadeaway World and was syndicated with permission.CHICAGO — If the life and times of Chicago Alderman Daniel Solis a decade ago were pitched as the plot of a daytime soap opera, it might be rejected as too fantastical. Sexual trysts at massage parlors, procuring erectile dysfunction pills from friends, an affair with his Chinese translator, a bag of cash handed over at a hotel in Beijing, a breakup with his wife, and near financial ruin — all playing out over a period of several years when Solis was chair of the City Council’s powerful Zoning Committee. Solis’ complicated back story began to emerge Monday in the corruption trial of former House Speaker Michael Madigan, where Solis, who agreed to become an FBI mole in 2016 after being confronted with some of the salacious details, is the prosecution’s key witness. So far, Solis has walked the jury through many of the allegations contained in a bombshell FBI search warrant affidavit that was inadvertently made public in 2019, including Solis’ involvement with a number of Chicago political power players. Among them: Solis’ sister, Democratic political consultant Patti Solis Doyle, who he said offered to split a $100,000 payment with him from the developer of the Nobu Hotel, who needed Solis’ help with zoning, according to Solis’ testimony. “She said she could split it with me,” Solis said. “I told her I couldn’t do it. It would be illegal.” Solis testified he also received $200,000 for referring his sister to another friend, Brian Hynes, who wanted her on board with his company Vendor Assistance Program, which made tens of millions of dollars buying up unpaid bills from the state and then collecting the late fees. Solis also testified about other friends, such as Juan Gaytan, the influential head of Monterrey Security, showering him with perks like flights and hotels in Las Vegas and tickets to Bulls and Bears games that Solis never declared on any ethics reports. “I made a mistake,” Solis said when asked why he accepted the favors. “I thought they were my friends and I was wrong.” Solis, 71, the former 25th Ward alderman, took the witness stand late last week to begin what will be a fascinating dive into one of the biggest public corruption cases in Chicago’s sordid history. His testimony — which could stretch well into December — will include clandestine video recordings Solis made in face-to-face meetings with Madigan, where the longtime House leader and head of the state Democratic Party allegedly used his official influence to shake down developers for business for his private tax appeal law firm. When a prosecution witness has a checkered past like Solis, prosecutors frequently ask about the alleged wrongdoing early in their testimony. “Fronting” the information strategically aims to take the sting out of it, rather than let defense attorneys seize on it during cross-examination. But rarely does a witness come with quite so much baggage. Solis testified that Roberto Caldero, a college buddy of his who became a lobbyist and consultant, would call Solis for help when his clients had problems with the city’s red tape. At the same time, Caldero connected Solis with free tabs of Viagra and – to the obvious amusement of at least one juror – erotic massages. “Why didn’t you just get a prescription?” Assistant U.S. Attorney Diane MacArthur asked. “It was more convenient and quicker than contacting my doctor,” Solis said. “Why was it, do you think, Mr. Caldero was willing to do those things for you?” MacArthur asked. “He wanted to influence me in his requests,” Solis said. The back-scratching continued, he said: Solis got a loan from a bank that needed help with expressway signage; his son’s graduation party was hosted and paid for by developer Fred Latsko; he got a six-figure off-the-books loan from a businessman who wanted Solis’s help connecting him with Emanuel. But the most dramatic revelations came from Solis’s testimony about his time in China. Solis visited China and Taiwan multiple times from 2005 to 2013, mostly in his capacity as a public official, to understand the 2008 Olympic Games’ effect on Beijing when Chicago was considering its Olympic bid, for example, or to learn about Chinese culture in order to better support Chinatown, Solis said. Shortly after a trip in 2009, Solis – who was married – began an affair with his translator, Bing Tie. He said Tie introduced him to developer Lumeng Li, who was interested in projects in Chinatown. Tie and Solis accompanied Li on a tour of his properties in different Chinese cities. At one point, he was in a Shanghai hotel room with Tie and Li. On the bed, Solis saw a briefcase full of Chinese cash, he said. It was $10,000, Solis said based on what Tie told him. “I think (Li) was giving it to me to influence me in the work he was trying to do in the States,” Solis testified. Tie took the suitcase off the bed and used the money to buy furniture for the condo Solis was renting from her, he testified. “She gave me her receipts for everything,” he said. Solis’s marriage began to fall apart in 2010 after his wife learned of his affair, Solis testified. They were separated for a few years, during which time Solis paid his wife’s rent and his son’s private school tuition as well as his own expenses, Solis testified. The house he and his wife shared had been foreclosed on, putting his credit in the gutter, he said. By 2013 he was getting calls from bill collectors, one of whom he lied to and said he was out of a job, he testified. “I was exasperated,” he said. “I think I was about to go into a meeting.” Madigan, 82, of Chicago, who served for decades as speaker of the Illinois House before stepping down in 2021, faces racketeering charges alleging he ran his state and political operations like a criminal enterprise. He is charged alongside Michael McClain, 77, a former ComEd contract lobbyist from downstate Quincy, who for years was one of Madigan’s closest confidants. Both men have pleaded not guilty and denied wrongdoing. Solis’ testimony is the culmination of a saga that began nearly eight and a half years ago, when FBI agents confronted him at his home in June 2016 and showed him evidence they’d gathered of his own misdeeds. The feds had been prepared that day to raid Solis’ City Hall offices. Instead, he flipped, offering what prosecutors have described as “singular” cooperation that helped bring down not only Madigan, but another Chicago political giant in former Alderman Edward M. Burke. Lawyers for Madigan and McClain, meanwhile, will have plenty of ammunition to bring to what is expected to be a lengthy and grueling cross-examination. Unlike in last year’s trial of Burke, in which Solis was called as a defense witness, he’ll be subjected to a much broader line of questioning this time around, with the defense probing not only Solis’ unprecedented deferred-prosecution deal, but also episodes from the FBI’s investigation into his own misdeeds that could prove personally embarrassing. In his opening statement to the jury last month, Madigan attorney Tom Breen painted Solis as a “BS-er” with “a decrepit personal and professional life,” someone who lied to cut a sweetheart deal with the feds that not only will keep him out of prison, but also help him maintain a fat city pension. Earlier Monday, jurors got their first look at a secretly recorded video of the then-powerful House speaker soliciting business for his law firm from the developer of a Chinatown hotel project. “We’re not looking for a quick killing here,” Madigan said near the end of the August 2014 meeting, which was recorded on a hidden camera by developer See Wong, who was cooperating with the FBI. “We’re interested in a long term relationship.” Before the video was played, Solis testified he’d arranged the meeting at Madigan’s request. At the time, Solis was not cooperating. In fact, the meeting took place nearly two years before the FBI confronted him with evidence of his own wrongdoing, leading to Solis’ decision to go undercover himself. The charges against Madigan do not allege anything illegal occurred during the 2014 meeting. But a state-owned parcel of land discussed by Madigan and the developers would later become a key focus of prosecutors, who allege Madigan used it as a way to squeeze the developer for business. In the video, which was taken more than a decade ago, a much younger looking Madigan came into the office carrying a bottle of water and shook Wong’s hand. Also in the room was Vincent “Bud” Getzendanner, Madigan’s law partner. The developer, Kin Chong, who spoke only Chinese, was mainly off screen. Madigan’s face appeared intermittently as he made small talk about Chicago’s Chinatown and how it compared to others on the West Coast. After a few minutes, Solis came in with two assistants and some coffees. They then got down to brass tacks, with Madigan explaining his firm and what they do. “We do quite a few hotels and, uh, we have a little different approach to representation on hotels than the other law firms that do the work,” Madigan said. “And, and Bud can explain background, but it does make a difference in terms of the results that you get from the assessor.” After Madigan’s partner gave a lengthy spiel about the firm’s approach to reducing property taxes, talk turned to a the Chinatown parking lot along the Red Line on Wentworth Avenue. Solis told the jury he was not expecting the parking lot to come up. In the recording, Solis jumped in and explained that the parking lot was part of a corridor of land once owned by Tony Rezko — the longtime influence peddler who was convicted of corruption as part of Operation Board Games, the federal investigation that took down Gov. Rod Blagojevich. “Oh yeah,” Madigan said when Solis brought up Rezko. After Wong spreads a map on the table, Madigan appeared to study it. “Is this owned by the state?” the speaker asked at one point. “The parking lot? Yes,” Solis said. “What, what about that vacant land?” Madigan asked. “This is east of the CTA. This is Clark Street.” The conversation then turned back to the hotel project, which was a proposed Best Western with about 60 rooms. After a lot of talk about how much Madigan’s firm might save them in taxes, Solis jumped in again. “There is no better firm than this firm in terms of doing real estate taxes in the state,” Solis said. “I think that’s not only my opinion, it’s across (the board).” After making his comment about a “quick killing,” Madigan also extolled the virtues of his firm. “And in terms of the quality of representation in terms of this law firm we don’t take a second seat to anybody,” he said. As the meeting broke up, Wong said the developer wanted to take a picture with the speaker. The video showed Madigan standing together with the others on the screen of Wong’s cell phone as he took the photo. After Madigan left, Wong and Solis walked to the elevators of the Madigan & Getzendanner offices on North LaSalle Street. Wong told the alderman that Chong would “love to give the business to Mr. Speaker” but the zoning change was critical. “If he works with the speaker, he will get anything he needs for that hotel,” Solis said. “And he’s gonna benefit from being with the Speaker.” Before they parted, Solis told Wong, “I like your shoes.” After the video concluded, Solis testified that the zoning change requested by the developers passed his committee. But the Best Western ever never built, he said. ©2024 Chicago Tribune. Visit at chicagotribune.com . Distributed by Tribune Content Agency, LLC.In keeping with a long-standing Thanksgiving tradition, President Joe Biden recently pardoned a pair of turkeys . During a ceremony at the White House, the birds — named Peach and Blossom — were spared from the dinner table and given a new lease on life. While it was an act of pure political pageantry, it highlights the president’s expansive pardon powers — which could be used liberally during his final two months in office. Historically, presidents have issued numerous pardons during their lame duck periods, including quite a few that have raised eyebrows. Here is what to know about presidential pardons. Presidential pardon power Article II of the Constitution enables the president to grant clemency for any federal crime, according to a Congressional Research Service (CRS) report. This authority is rooted in an old English law that permits monarchs to bestow mercy on criminals. “The president’s power to pardon is astronomical,” Taylor Stoermer, a historian at Johns Hopkins University, told McClatchy News. “The Constitution doesn’t even require an explanation. The only real limits are that it doesn’t apply to state crimes or impeachment cases.” “So the president can grant full pardons, commute sentences, or even offer amnesty, on an individual basis or for an entire class of people,” Stoermer said. How often do presidents grant clemency? Most presidents have issued numerous acts of clemency throughout their terms in office, according to historians. For example, Donald Trump, during his first term, granted 143 pardons and 94 commutations, according to the Pew Research Center. During Barack Obama’s eight years in office, he issued 212 pardons and 1,715 commutations. Among the commutations granted by both men were multiple that concerned low-level drug offenses , such as possession of marijuana. However, these acts of clemency have not typically been distributed evenly throughout a president’s tenure. Since 1945, every president — with the exception of Lyndon Johnson — granted clemency at a higher rate during the last four months of their terms, according to CRS. For example, Obama granted an average of 296 acts of clemency per month during his final four months in office, compared with an average of eight per month before that. Similarly, Trump issued an average of 50 per month during the last four months compared with an average of one per month before that. “Trump certainly kept to that pattern, and I would not be surprised if Biden does as well,” Thomas Balcerski, a presidential historian at Eastern Connecticut State University, told McClatchy News. Additionally, these 11th hour acts of mercy tend to be the most controversial ones. “Most save the big, bold pardons for the end of their terms,” Stoermer said. “And because exactly why you’d think: No voters to answer to.” Controversial acts of clemency Throughout history, presidents have issued a fair number of pardons, commutations and acts of amnesty that have received widespread scrutiny. “The most famous, of course, is Gerald Ford’s pardoning of Richard Nixon,” Vernon Burton, an emeritus history professor at Clemson University, told McClatchy News. In September 1974, following the Watergate scandal and Nixon’s resignation, Ford issued a full pardon for any crimes Nixon “committed or may have committed” against the United States. Jimmy Carter also took flak for pardoning “all of the Vietnam War draft dodgers,” Burton said. “That was huge.” This pardon, issued on Carter’s first day in office in 1977, applied to roughly 100,000 military-age men who avoided going to war , according to Politico. “Then there’s George H.W. Bush pardoning key players in Iran-Contra,” Stoermer said. With less than one month until he left office, Bush pardoned six people , including a former secretary of defense, wrapped up in the illegal arms scandal. More recently, Obama reduced the sentence of Oscar Lopez Rivera, a Puerto Rican activist whose political organization was responsible for dozens of robberies and bombings in the U.S. And Trump preemptively pardoned adviser Steven Bannon, who was charged with bilking donors out of money they gave toward the construction of a border wall. “These kinds of moves show how the pardon power can get tangled up in political strategy or personal connections — and that’s what makes it fascinating (or infuriating) to watch,” Stoermer said. Have presidents pardoned family members? Given that Biden’s son Hunter Biden has been convicted of felony offenses , some have wondered whether he will issue a pardon before he leaves office. “Would he pardon Hunter Biden? That’d be quite something,” Balcerski said. “There is some precedent.” On his last day in office, President Bill Clinton issued a pardon for his half-brother Roger Clinton, who had pleaded guilty to a cocaine distribution charge. “That was slightly less impactful because Roger Clinton had already served the time,” Stoermer said. “So that was mostly about clearing his record than dodging accountability.” Biden, though, has said he has no plans to grant clemency to his son. Could Trump break the mold? Trump could break with long-standing tradition of issuing controversial pardons at the end of his term, historians said. The president-elect has vowed to pardon some of the people convicted of participating in the Jan. 6, 2021, Capitol riot on his first day in office. “I am inclined to pardon many of them ,” he wrote on social media in March, according to ABC News. Throughout the country, about 1,500 people have been charged in connection with the riot, including about 547 who were charged with “assaulting, resisting, or impeding officers or employees.” “It wouldn’t be surprising to see an unprecedented wave of pardons right out of the gate, particularly for January 6 rioters,” Stoermer said. “That would take the use of the pardon power into completely uncharted territory.” “Of course, there is a precedent: Carter’s first-day pardon of draft evaders of the Vietnam era,” Stoermer said. “That applied to hundreds of thousands of people. But that’s not quite the same as a coup.” ©2024 The Charlotte Observer. Visit charlotteobserver.com . Distributed by Tribune Content Agency, LLC.CDC chief urges focus on health threats as agency confronts political changes
Former Kentucky wide receiver Dane Key, one of the top offensive players in the transfer portal, announced on social media Tuesday that he will transfer to Nebraska. Key posted a photo of himself in a Nebraska uniform wearing the No. 6 he wore at Kentucky. The simple post contained the letters "GBR," short for "Go Big Red," with an emoji heart. Key led Kentucky this past season with 47 receptions for 715 yards and two touchdowns in 12 games as the Wildcats finished 4-8. In three seasons, the 6-foot-3, 210-pounder has 126 receptions for 1,870 yards and 14 TDs in 38 games (35 starts). Key has one season of eligibility remaining after he was a four-star recruit in the class of 2022. --Field Level MediaPHOENIX — The 2 million Arizonans who cast a historic vote to protect abortion rights in the state Constitution might have to wait a while for that vote to make a difference. That could come as a surprise to voters. The next phase of the battle over reproductive rights in Arizona starts Monday, after Gov. Katie Hobbs certifies the November election results. Hobbs’ signature will give the cue to lawsuits asking courts to overturn the state's existing anti-abortion laws so Prop 139 can take effect. The legal fight could take months or even years. “In Arizona, nothing is automatic,” Prop 139 spokeswoman Dawn Penich said on this weekend's “Sunday Square Off.” “Every existing abortion regulation will go in front of Arizona judges. Nothing will fall away automatically. That process of legal challenge is where we will start to see maybe a 15-week ban fall away.” The state’s existing ban on abortion after 15 weeks of pregnancy is expected to be the first legal target. That law provides an exception only to save the life of the mother. “Abortion, in other words, will be in the headlines in Arizona for a very long time,” Penich said. Advocates in other states that passed abortion-rights measures are also gearing up for legal fights. Christine Jones, an attorney and former Republican candidate for Arizona governor, said abortion opponents here will push back against the constitutional amendment itself. “The anti-abortion, pro-life groups are going to be gearing up their own constitutional amendment," Jones said. "This is not a settled rule.” Prop 139 — known as the Arizona Abortion Access Act — was approved with 62 percent of the vote. Organizers turned in a record 800,000 voter signatures to put the initiative on the ballot. Also on this weekend’s “Sunday Square Off," former Arizona public health director Will Humble explains how Arizonans’ well-being would be affected by President-elect Donald Trump’s picks of Robert F. Kennedy Jr. and Dr. Mehmet Oz for top public health roles. “Sunday Square Off” airs at 8 a.m. Sundays on 12News, after NBC’s “Meet the Press” at 7 a.m. You can now watch 12News content anytime, anywhere thanks to the 12News+ app! The free 12News+ app from 12News lets users stream live events — including daily newscasts like "Today in AZ" and "12 News" and our daily lifestyle program, "Arizona Midday"—on Roku and Amazon Fire TV . 12News+ showcases live video throughout the day for breaking news, local news, weather and even an occasional moment of Zen showcasing breathtaking sights from across Arizona. Users can also watch on-demand videos of top stories, local politics, I-Team investigations, Arizona-specific features and vintage videos from the 12News archives. Roku: Add the channel from the Roku store or by searching for "12 News KPNX." Amazon Fire TV: Search for "12 News KPNX" to find the free 12News+ app to add to your account , or have the 12News+ app delivered directly to your Amazon Fire TV through Amazon.com or the Amazon app. Sunday Square Off Watch previous interviews and segments of Sunday Square Off on our 12News YouTube channel. Be sure to subscribe to receive updates on new uploads!
SANTA CLARA, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its third quarter of fiscal year 2025 ended October 31, 2024. Total cash, cash equivalents and marketable debt securities on hand at the end of the third quarter of fiscal 2025 was $226.5 million, compared with $219.8 million at the end of the prior quarter and $222.3 million at the end of the same quarter a year ago. "Company specific factors are more than offsetting broad market weakness, and we are reporting 30% sequential revenue growth in fiscal Q3, above the high-end of our guidance range, with strength led again by our customers' new products, especially those incorporating our higher priced AI inference processors. Edge AI revenue represented about 70% of our total revenue, establishing a new record level, and this momentum is expected to enable growth in both our IoT and Auto markets in F2025 and F2026,” said Fermi Wang, President and CEO. "With the anticipated revenue growth, we intend to drive positive operating leverage and build upon our 15 consecutive fiscal years of positive free-cash-flow.” Quarterly Conference Call Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the third quarter of fiscal year 2025 results. A live and archived webcast of the call will be available on Ambarella's website at http://www.ambarella.com/ for up to 30 days after the call. About Ambarella Ambarella's products are used in a wide variety of human vision and edge AI applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella's low-power systems-on-chip (SoCs) offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing to enable intelligent perception, fusion and planning. For more information, please visit www.ambarella.com . "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as "outlook,” "projected,” "intends,” "will,” "estimates,” "anticipates,” "expects,” "believes,” "could,” "should,” or similar expressions, including the guidance for the fourth quarter of fiscal year 2025 ending January 31, 2025, and the comments of our CEO relating to our expectation of future revenue growth, customer demand for our edge AI inference products, the growth potential of our new products, and our ability to generate positive free-cash flow in future periods. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of our future performance. The risks and uncertainties referred to above include, but are not limited to, global economic and political conditions, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our customers' products; our customers' ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as computer vision, AI functionality and advanced networks, including vision-language models and GenAI; our ability to retain and expand customer relationships and to achieve design wins; the expansion of our current markets and our ability to successfully enter new markets, such as the OEM automotive and robotics markets; anticipated trends and challenges, including competition, in the markets in which we operate; risks associated with global health conditions and associated risk mitigation measures; our ability to effectively manage growth; our ability to retain key employees; and the potential for intellectual property disputes or other litigation. Further information on these and other factors that could affect our financial results is included in the company's Annual Report on Form 10-K for our 2024 fiscal year, which is on file with the Securities and Exchange Commission. Additional information will also be set forth in the company's quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings the company makes with the Securities and Exchange Commission from time to time, copies of which may be obtained by visiting the Investor Relations portion of our web site at www.ambarella.com or the SEC's web site at www.sec.gov . Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. The results we report in our Quarterly Report on Form 10-Q for the third fiscal quarter ended October 31, 2024 could differ from the preliminary results announced in this press release. Ambarella assumes no obligation and does not intend to update the forward-looking statements made in this press release, except as required by law. Non-GAAP Financial Measures The company has provided in this release non-GAAP financial information, including non-GAAP gross margin, net income (loss), and earnings (losses) per share, as a supplement to the condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles ("GAAP"). Management uses these non-GAAP financial measures internally in analyzing the company's financial results to assess operational performance and liquidity. The company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting and analyzing future periods. Further, the company believes these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial metrics that the company uses in making operating decisions and because the company believes that investors and analysts use them to help assess the health of its business and for comparison to other companies. Non-GAAP results are presented for supplemental informational purposes only for understanding the company's operating results. The non-GAAP information should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from non-GAAP measures used by other companies. With respect to its financial results for the third quarter of fiscal year 2025, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company's expectations for the fourth quarter of fiscal year 2025, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
Fiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results 1 See the section titled "About Non-GAAP Financial Measures" in the accompanying financial tables for further details. Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights 1 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, Ranadip Chandra, Sam Grinter, Ron Hanscome, Chris Pang, Anand Chouksey, Josie Xing, Harsh Kundulli, David Bobo, Laura Gardiner, Hiten Sheth, Emi Chiba, Travis Wickesberg, and Michelle Shapiro, 23 October 2024. 2 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, Robert Anderson, Denis Torii, Sam Grinter, Naveen Mahendra, Tomas Kienast, Johan Jartelius, 4 November 2024. 3 Gartner Magic Quadrant for Financial Planning Software, Regina Crowder, Vaughan Archer, Matthew Mowrey, Michelle Carlsen, 18 November 2024. Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: 1 The Company has not provided a reconciliation of its forward outlook for non-GAAP operating margin with its forward-looking GAAP operating margin in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure, particularly related to stock-based compensation and its related tax effects, acquisition- related costs, and realignment costs. Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Condensed Consolidated Balance Sheets (in millions) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,311 $ 2,012 Marketable securities 5,846 5,801 Trade and other receivables, net 1,404 1,639 Deferred costs 244 232 Prepaid expenses and other current assets 273 255 Total current assets 9,078 9,939 Property and equipment, net 1,263 1,234 Operating lease right-of-use assets 335 289 Deferred costs, noncurrent 490 509 Acquisition-related intangible assets, net 383 233 Deferred tax assets 1,031 1,065 Goodwill 3,479 2,846 Other assets 365 337 Total assets $ 16,424 $ 16,452 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 74 $ 78 Accrued expenses and other current liabilities 323 287 Accrued compensation 476 544 Unearned revenue 3,447 4,057 Operating lease liabilities 102 89 Total current liabilities 4,422 5,055 Debt, noncurrent 2,983 2,980 Unearned revenue, noncurrent 64 70 Operating lease liabilities, noncurrent 278 227 Other liabilities 53 38 Total liabilities 7,800 8,370 Stockholders' equity: Common stock 0 0 Additional paid-in capital 11,115 10,400 Treasury stock (1,208) (608) Accumulated other comprehensive income (loss) 16 21 Accumulated deficit (1,299) (1,731) Total stockholders' equity 8,624 8,082 Total liabilities and stockholders' equity $ 16,424 $ 16,452 Workday, Inc. Condensed Consolidated Statements of Operations (in millions, except number of shares which are reflected in thousands and per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription services $ 1,959 $ 1,691 $ 5,678 $ 4,843 Professional services 201 175 557 494 Total revenues 2,160 1,866 6,235 5,337 Costs and expenses (1) : Costs of subscription services 329 264 924 759 Costs of professional services 201 181 606 552 Product development 647 619 1,952 1,829 Sales and marketing 620 538 1,804 1,581 General and administrative 198 176 609 512 Total costs and expenses 1,995 1,778 5,895 5,233 Operating income (loss) 165 88 340 104 Other income (expense), net 62 41 178 114 Income (loss) before provision for (benefit from) income taxes 227 129 518 218 Provision for (benefit from) income taxes 34 15 86 25 Net income (loss) $ 193 $ 114 $ 432 $ 193 Net income (loss) per share, basic $ 0.73 $ 0.43 $ 1.63 $ 0.74 Net income (loss) per share, diluted $ 0.72 $ 0.43 $ 1.61 $ 0.73 Weighted-average shares used to compute net income (loss) per share, basic 265,411 262,153 265,062 260,747 Weighted-average shares used to compute net income (loss) per share, diluted 268,549 266,377 268,936 264,087 (1) Costs and expenses include share-based compensation expenses as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Costs of subscription services $ 35 $ 30 $ 108 $ 90 Costs of professional services 28 29 86 87 Product development 162 162 498 494 Sales and marketing 78 65 226 212 General and administrative 65 63 204 188 Total share-based compensation expenses $ 368 $ 349 $ 1,122 $ 1,071 Workday, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net income (loss) $ 193 $ 114 $ 432 $ 193 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Inspire Advisors LLC grew its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,866 shares of the computer hardware maker’s stock after buying an additional 1,314 shares during the period. Inspire Advisors LLC’s holdings in NVIDIA were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds have also recently modified their holdings of NVDA. Legal & General Group Plc lifted its position in shares of NVIDIA by 884.0% in the second quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker’s stock worth $26,329,751,000 after buying an additional 191,469,114 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NVIDIA by 854.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 182,622,629 shares of the computer hardware maker’s stock worth $22,561,200,000 after acquiring an additional 163,482,580 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of NVIDIA by 870.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 102,422,225 shares of the computer hardware maker’s stock valued at $12,658,922,000 after acquiring an additional 91,867,031 shares during the last quarter. Dimensional Fund Advisors LP increased its position in NVIDIA by 1,123.2% in the second quarter. Dimensional Fund Advisors LP now owns 92,039,713 shares of the computer hardware maker’s stock worth $11,371,255,000 after purchasing an additional 84,515,429 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in NVIDIA by 808.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 82,689,605 shares of the computer hardware maker’s stock valued at $10,215,474,000 after purchasing an additional 73,589,208 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have commented on NVDA. Melius Research lifted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Sanford C. Bernstein lifted their price target on NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Morgan Stanley upped their price objective on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and set a $200.00 price target on shares of NVIDIA in a report on Monday, November 18th. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.15. NVIDIA Stock Down 3.2 % Shares of NASDAQ NVDA opened at $141.95 on Friday. NVIDIA Co. has a 12-month low of $45.01 and a 12-month high of $152.89. The stock’s fifty day simple moving average is $134.01 and its two-hundred day simple moving average is $122.28. The stock has a market capitalization of $3.48 trillion, a PE ratio of 55.89, a price-to-earnings-growth ratio of 1.53 and a beta of 1.66. The company has a current ratio of 4.10, a quick ratio of 3.79 and a debt-to-equity ratio of 0.13. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. As a group, analysts expect that NVIDIA Co. will post 2.68 EPS for the current fiscal year. NVIDIA Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%. NVIDIA announced that its board has approved a share repurchase program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued. Insider Activity at NVIDIA In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total transaction of $119,270,000.00. Following the transaction, the director now directly owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. This represents a 14.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link . Also, Director Mark A. Stevens sold 155,000 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the sale, the director now directly owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 2,156,270 shares of company stock valued at $254,784,327 over the last 90 days. Insiders own 4.23% of the company’s stock. NVIDIA Company Profile ( Free Report ) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. Further Reading Five stocks we like better than NVIDIA Why Understanding Call Option Volume is Essential to Successful Options Trading Vertiv’s Cool Tech Makes Its Stock Red-Hot What is the S&P/TSX Index? MarketBeat Week in Review – 11/18 – 11/22 Insider Trades May Not Tell You What You Think 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter .