Unusual Options Activity Thur 12/7/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• HPQ Dec 29.5 calls (volume: 16.3K, open int: 40, implied vol: ~35%, prev day implied vol: 22%). Co is expected to report earnings late February,
• DDOG Dec 117 calls (volume: 4120, open int: 230, implied vol: ~49%, prev day implied vol: 44%). Stifel upgraded to Buy. Co is expected to report earnings mid-February,
• INGN Jan24 7.5 calls (volume: 2670, open int: 0, implied vol: ~35%, prev day implied vol: 31%). Co is expected to report earnings late February.
  

Bearish Put Activity:

• COIN Dec 130 puts (volume: 3140, open int: 9760, implied vol: ~100%, prev day implied vol: 88%). Co is expected to report earnings late February.
• TSM Dec 96 puts (volume: 2220, open int: 4030, implied vol: ~42%, prev day implied vol: 31%). 1750 contracts traded in a single transaction. Co is expected to report earnings mid-January.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.89, VIX: (13.01, +0.04, +0.3%).
December 15 is options expiration -- the last day to trade December equity options.

Insider Trading Fri 10/6/23

Notable purchases -- Director adds more to OSTK; notable sales -- Buffett active in HPQ

Buyers:

• AURA Director bought 20,066 shares at $8.00 - $8.66 worth ~$168K.
• OSTK Director Lemons bought another 31,800 shares at $15.35 -$16.03 worth ~$498K.
• RRGB 10% owner bought 56,000 shares at $7.43 - $7.57 worth ~$417K.

Sellers:

• HPQ 10% owner Berkshire Hathaway (Warren Buffett) sold another 3,067,508 shares at $26.025 - $26.60 worth more than $80 mln.

Insider Trading : Thur 9/14/23

Notable purchases -- CEO & Co-President add to VIRT; notable sales -- Buffett active in HPQ

Buyers:

• JYNT 10% owner Bandera Partners bought 47,156 shares at $9.26 - $9.51 worth ~$442K.
• MEG Director bought 10,000 shares at $32.815 - $32.98 worth ~$329K.
• MODV 10% owner Coliseum Capital bought 213,248 shares at $28.84 - $31.00 worth ~$6.4 mln.
• NRDS Chief Executive Officer bought 30,588 shares at $8.36 - $8.42 worth ~$256K.
• PIII 10% owner bought 270,000 shares at $2.33 - $2.65 worth ~$685K.
• SMLR Director bought 77,771 shares at $26.98 - $28.11 worth ~$2.1 mln.
• UWMC Director bought 40,000 shares at $5.20 worth ~$208K.
• VIRT Chief Executive Officer and Co-President & Co-COO bought a total of 65,000 shares at $16.89 - $17.25 worth ~$1111K.

Sellers:

• HPQ 10% owner Warren E. Buffett sold 5,502,172 shares worth more than $158 mln.
• QCOM Chief Technology Officer sold 27,962 shares at $112.93 - $113.40 worth ~$3.2 mln.

==-=HP (HPQ) reported earnings on Tue 30 May 23 (a/h)

 

HP Inc. beats by $0.04, misses on revs; guides JulQ EPS in-line; guides FY23 EPS in-line

• Reports Q2 (Apr) earnings of $0.80 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $0.76; revenues fell 21.7% year/year to $12.91 bln vs the $13.07 bln FactSet Consensus.
  • Personal Systems revenue was $8.2 billion, down 29% year over year (down 25% in constant currency) with a 5.4% operating margin. Consumer PS net revenue was down 39% and Commercial PS net revenue was down 24%. Total units were down 28% with Consumer PS units down 34% and Commercial PS units down 23%.
  • Printing revenue was $4.7 billion, down 5% year over year (down 2% in constant currency) with a 19.0% operating margin. Consumer Printing net revenue was down 19% and Commercial Printing net revenue was up 5%. Supplies net revenue was down 4% (down 3% in constant currency). Total hardware units were down 4% overall, with Consumer Printing units down 5% and Commercial Printing units flat.
• Co issues in-line guidance for Q3 (Jul), sees EPS of $0.81-0.91, excluding non-recurring items, vs. $0.86 FactSet Consensus.
• Co issues in-line guidance for FY23, sees EPS of $3.30-3.50, excluding non-recurring items, vs. $3.34 FactSet Consensus and vs $3.20-3.60 prior guidance.

BRK.A Berkshire Hathaway (Warren Buffett) : updated portfolio positions in 13F filing

Affirms OXY HPQ positions.

New C ALLY CE PARA CE MCK positions.

Exited WFC BMY ABBV

Highlights from 2022 Q1 filing as compared to Q4 2021:

• New positions in: OXY (~136.37 mln shares), HPQ (~104.48 mln), PARA (~68.95 mln), C (~55.16 mln), ALLY (~8.97 mln), CE (~7.88 mln), MCK (~2.92 mln), MKL (~0.42 mln)
• Increased positions in: CVX (to ~159.18 mln shares from ~38.25 mln shares), ATVI (to ~64.32 mln from ~14.66 mln), FWONK (to ~7.72 mln from ~2.12 mln), FND (to ~4.78 mln from ~0.84 mln), GM (to ~62.05 mln from ~60 mln) RH (to ~2.17 mln from ~1.82 mln)
• Maintained positions in: BAC (~1010.1 mln shares), AAPL (~890.92 mln shares), KO (~400 mln shares), KHC  (~325.63 mln shares), AXP (~151.61 mln shares), USB (~126.42 mln shares), DVA (~36.1 mln shares), MCO (~24.67 mln shares)
• Closed positions in: BMY (from ~5.2 mln), ABBV (from ~3.03 mln), WFC (from ~0.68 mln)
• Decreased positions in: VZ (to ~1.38 mln shares from ~158.82 mln shares), STOR (to ~14.75 mln from ~24.42 mln), RPRX (to ~1.5 mln from ~8.65 mln), KR (to ~57.99 mln from ~61.41 mln)

Plantronics, Inc. (PLT) (Poly) reported earnings on Thur 13 May 21 (a/h)

Mar 28, 2022: Poly was acquired by HP in an all-cash deal worth $3.3 billion including debt. 

 

** charts before earnings **

 

** charts after earnings **

 

Poly to change ticker symbol to "POLY", effective May 24

• Poly announced that its ticker symbol on the NYSE will change to "POLY" at the open of market trading on May 24. Poly, formerly Plantronics and Polycom, has traded under the ticker "PLT" since Plantronics' initial public offering in 1994.

Poly beats by $0.30, beats on revs; guides Q1 EPS below consensus, revs below consensus

Reports Q4 (Mar) earnings of $1.23 per share, excluding non-recurring items, $0.30 better than the S&P Capital IQ Consensus of $0.93; revenues rose 16.9% year/year to $478 mln vs the $454.93 mln S&P Capital IQ Consensus.

The global semiconductor chip shortage has impacted companies worldwide and we expect we will continue to experience ongoing tightness in our supply chain. End market demand remains strong for Video and Headsets, while Voice demand is recovering. However, the Company's ability to execute on this demand is subject to availability of certain components. Absent supply shortages, we believe demand would support sequential revenue growth off the March quarter. 

Co issues downside guidance for Q1, sees EPS of $0.35-0.55, excluding non-recurring items, vs. $0.79 S&P Capital IQ Consensus; Based on current supply and expected availability of specific components, the Company expects Q1 revs of $410-430 mln vs. $438.76 mln S&P Capital IQ Consensus.

-=HP (HPQ) reported earnings on Wed 27 May 20 (a/h)

HP beats by $0.06, misses on revs; guides Q3 EPS in-line

Reports Q2 (Apr) earnings of $0.51 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $0.45; revenues fell 11.2% year/year to $12.47 bln vs the $12.78 bln S&P Capital IQ Consensus.

Co issues in-line guidance for Q3 (Jul), sees EPS of $0.39-0.45, excluding non-recurring items, vs. $0.45 S&P Capital IQ Consensus.

Co is not providing full year guidance.

"We are seeing strong demand from our customers in notebook PC orders and Instant Ink subscriptions, as well as growing interest in 3D printing and digital manufacturing in key verticals such as healthcare. The current environment will be a catalyst for transformation and innovation across HP."

=HP (HPQ) reported earnings on Wed 27 Feb 19 (a/h)

HP reports EPS in-line, revs in-line; guides Q2 EPS in-line; reaffirms FY19 EPS guidance

• Reports Q1 (Jan) earnings of $0.52 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.52; revenues rose 1.3% year/year to $14.71 bln vs the $14.81 bln S&P Capital IQ Consensus.
  • Personal Systems net revenue was up 2% year over year (up 3% in constant currency) with a 4.2% operating margin. Commercial net revenue increased 3% and Consumer net revenue increased 1%. Total units were down 3% with Notebooks units down 1% and Desktops units down 8%.
  • Printing net revenue was mostly flat year over year (down 0.7% in constant currency) with a 16.2% operating margin. Total hardware units were up 3% with Commercial hardware units up 4% and Consumer hardware units up 2%. Supplies net revenue was down 3% (down 3% in constant currency).
• Co issues in-line guidance for Q2, sees EPS of $0.50-0.53, excluding non-recurring items, vs. $0.53 S&P Capital IQ Consensus.
  • Fiscal 2019 second quarter non-GAAP diluted net EPS estimates exclude $0.05 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), tax adjustments and the related tax impact on these items.
• Co reaffirms guidance for FY19, sees EPS of $2.12-2.22, excluding non-recurring items, vs. $2.20 S&P Capital IQ Consensus.
  • 2019 non-GAAP diluted net EPS estimates exclude $0.12 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), tax adjustments and the related tax impact on these items. HP also reaffirms its previous estimate for fiscal 2019 free cash flow of at least $3.7 billion.

=HP Inc. (HPQ) reported earnings on Wed 22 Feb 2017 (a/h)

HP Inc. HPQ released its first-quarter fiscal 2017 earnings Wednesday, after its split from Hewlett-Packard Company. The company reported better-than-expected results for the first quarter, wherein both its top and bottom line surpassed the Zacks Consensus Estimate. Following the results, shares of the company went up more than 2% in after-hours trading yesterday.

The company reported non-GAAP earnings per share of 38 cents per share, which came ahead of the Zacks Consensus Estimate by a penny. Also, earnings increased from the year-ago figure of 36 cents per share.

Notably, Hewlett-Packard Company split itself into two standalone companies — HP Inc. and Hewlett-Packard Enterprise HPE — effective Nov 1, 2015. Post the split, its PC and printer business has been operating as HP Inc., while Hewlett-Packard Enterprise specializes in commercial tech products.

The stock has gained approximately 50.28% over the last one year, outperforming the Zacks categorized Computer-Mini Computers industry’s return of 41.27%.

=HP (HPQ) reported earnings on Tue 11/22/16 (a/h)

HP reports EPS in-line, beats on revs; guides Q1 EPS below consensus; reaffirms FY17 EPS, in-line  :

• Reports Q4 (Oct) earnings of $0.36 per share, in-line with the Capital IQ Consensus of $0.36; revenues rose 5.2% year/year to $12.51 bln vs the $11.88 bln Capital IQ Consensus.
  • Personal Systems net revenue was up 4% year over year (up 5% in constant currency) with a 4.3% operating margin.
    • Commercial net revenue increased 3% and Consumer net revenue increased 7%.
    • Total units were up 5% with Notebooks units up 9% and Desktops units up 1%.
  • Printing net revenue was down 8% year over year (down 6% in constant currency) with a 14.0% operating margin.
    • Total hardware units were up 1% from the prior-year period, with Commercial hardware units up 10% and Consumer hardware units down 3%.
    • Supplies net revenue was down 12% (down 10% in constant currency).
• Co issues downside guidance for Q1, sees EPS of $0.35-0.38 vs. $0.38 Capital IQ Consensus Estimate.
• Co reaffirms guidance for FY17, sees EPS of $1.55-1.65 vs. $1.60 Capital IQ Consensus Estimate.

== HP (HPQ) reported earnings Tue 24 Nov 2015 (after close)

** charts before earnings **





** charts after earnings **

HP misses by $0.04, misses on revs; guides Q1 EPS below consensus; guides FY16 EPS in-line :

• Reports Q4 (Oct) earnings of $0.93 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus of $0.97; revenues fell 9.5% year/year to $25.71 bln vs the $26.72 bln Capital IQ Consensus.
• Co issues downside guidance for Q1, sees EPS of $0.33-0.38 vs. $0.42 Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY16, sees EPS of 1.59-1.69 (Prior guidance $1.67-1.77) vs. $1.71 Capital IQ Consensus Estimate.
• The free cash flow outlook is updated to be $2.4 billion to $2.7 billion for fiscal 2016 (Prior $2.5-2.8 bln), down $100 million due to the payment of separation costs that moved from fiscal 2015 to fiscal 2016.

Reminder: HPQ split companies on November 1 (HPE is now the enterprise group). The 'prior' guidance was given during its Analyst Day.

Hewlett-Packard (HPQ) reported earnings on Tue 11/20/12

Hewlett-Packard Co. (HPQ, $11.71, -$1.59, -11.95%) swung to a fiscal fourth-quarter loss as the technology giant was hit by a massive write-down tied to its acquisition of search-software developer Autonomy Corp. last year.

 ** daily **

 ** weekly **

** daily - Heikin **

DELL and HPQ reported earnings the week of Aug. 20

• It was a publicly traded company (NASDAQ: DELL), as well as a component of the NASDAQ-100 and S&P 500, until it was taken private in a leveraged buyout which closed on October 30, 2013.

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Both stocks down for the week

DELL

 

HPQ

Aruba Networks (ARUN) reported earnings Thur 23 Aug 2012

Aruba Networks (ARUN): On March 2, 2015, Hewlett-Packard announced that it would acquire Aruba for $2.7 Bn.  On May 19, 2015, HP completed the acquisition of Aruba Networks for a transaction value of $3 billion. Aruba is now wholly owned by HP and has been combined into the HP Networking business within HP’s Enterprise Group organization.

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 ** charts before earnings **

 

Aruba Networks swung to a loss in the fiscal fourth-quarter on a year-earlier tax benefit of $72.8 million, though the WiFi-equipment maker posted strong revenue growth. Shares rose 13% to $19.20 in after-hours trading as adjusted earnings and revenue exceeded expectations.

 ** chart after earnings **

 

Bought HPQ @ 39.72

Looks like a good day to go long

HP FY Q3 Results, Q4 Guidance In Line With Pre-Anouncement

HPQ in late trading is down 18 cents, or 0.4%, to $40.58.

Hewlett-Packard (HPQ) this afternoon reported results for its fiscal third quarter ended July 31 that matched the company’s pre-announcement issued earlier this month in conjunction with the surprise exit of former CEO Mark Hurd.

As the company had expected, it reported revenue of $30.7 billion and profits of 75 cents GAAP, $1.08 non-GAAP. HP likewise repeated its forecast for FY Q4 revenue of $32.5 billion to $32.7 billion, with non-GAAP profits of $1.25 to $1.27 a share. And the company repeated its full year forecast for revenue of $125.3 billion to $125.5 billion and non-GAAP profits of $4.49 - $4.51 a share.

The company said revenue from its services business was up 1% from a year. Enterprise storage and severs was up 19%, with industry standard servers up 31%m, storage up 10% and business critical systems down 10%. The HP Software unit was up 2%. The Personal Systems Group - the PC business - was up 12%, with notebook revenue up 10%, and desktop up 27%; commercial PC revenue was up 25%, with consumer up 12%.

Revenue for the imaging and printer group was up 9%, with supplies up 5%, commercial hardware up 28% and consumer hardware up 4%. Printer units were up 16%, reflecting a 44% rise in commercial printers and a 9% increase in consumer printers.

Bought HPQ @ 40.90

Hewlett-Packard Company (HP) is a global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors.

Headquarters:3000 Hanover Street Palo Alto, CA 94304

Web Address:http://www.hp.com