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Park West Asset Management Has Increased Holding in Silicon Motion Technology Co (SIMO) as Stock Value Declined; Guggenheim Capital Lifted Global Pmts (GPN) Position

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Peter S. Park increased its stake in Silicon Motion Technology Co (SIMO) by 68.43% based on its latest 2017Q4 regulatory filing with the SEC. Park West Asset Management Llc bought 465,338 shares as the company’s stock declined 8.05% with the market. The hedge fund run by Peter S. Park held 1.15M shares of the semiconductors company at the end of 2017Q4, valued at $60.66 million, up from 680,000 at the end of the previous reported quarter. Park West Asset Management Llc who had been investing in Silicon Motion Technology Co for a number of months, seems to be bullish on the $1.72B market cap company. The stock decreased 0.78% or $0.38 during the last trading session, reaching $48.15. About 366,538 shares traded. Silicon Motion Technology Corporation (NASDAQ:SIMO) has risen 8.09% since April 23, 2017 and is uptrending. It has underperformed by 3.46% the S&P500.

Guggenheim Capital Llc increased its stake in Global Pmts Inc (GPN) by 45.97% based on its latest 2017Q4 regulatory filing with the SEC. Guggenheim Capital Llc bought 254,315 shares as the company’s stock rose 10.72% while stock markets declined. The institutional investor held 807,566 shares of the business services company at the end of 2017Q4, valued at $80.95M, up from 553,251 at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in Global Pmts Inc for a number of months, seems to be bullish on the $17.75B market cap company. The stock decreased 0.94% or $1.06 during the last trading session, reaching $111.28. About 673,295 shares traded. Global Payments Inc. (NYSE:GPN) has risen 42.24% since April 23, 2017 and is uptrending. It has outperformed by 30.69% the S&P500.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.10, from 1.08 in 2017Q3. It improved, as 31 investors sold GPN shares while 137 reduced holdings. 50 funds opened positions while 149 raised stakes. 150.74 million shares or 3.00% less from 155.40 million shares in 2017Q3 were reported. Blackrock Incorporated stated it has 11.04M shares. Liberty Mutual Gru Asset stated it has 0.02% in Global Payments Inc. (NYSE:GPN). Great West Life Assurance Can invested in 106,513 shares or 0.03% of the stock. Captrust Advsrs accumulated 205 shares. Daiwa Secs accumulated 113,125 shares. 20,122 were accumulated by Nuveen Asset Mngmt Ltd Llc. Hightower Advisors Ltd Limited Liability Company owns 5,167 shares. Echo Street Capital Management Ltd holds 1.39% or 460,711 shares. Nomura Incorporated invested 0% in Global Payments Inc. (NYSE:GPN). The Minnesota-based Gradient Invests Ltd Liability has invested 0% in Global Payments Inc. (NYSE:GPN). Chevy Chase Trust Incorporated accumulated 138,142 shares. Nomura Asset Management Com Limited holds 0.8% in Global Payments Inc. (NYSE:GPN) or 693,407 shares. Prescott Grp Inc Cap Ltd Liability Corp holds 0.42% or 20,400 shares. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 2,033 shares. Employees Retirement Of Texas stated it has 0.09% in Global Payments Inc. (NYSE:GPN).

Since December 12, 2017, it had 0 insider purchases, and 16 insider sales for $5.69 million activity. BALDWIN ROBERT H B JR had sold 6,000 shares worth $634,588 on Monday, February 12. 600 shares were sold by JACOBS WILLIAM I, worth $62,172 on Tuesday, January 16. The insider MARSHALL RUTH ANN sold 6,250 shares worth $714,500.

Guggenheim Capital Llc, which manages about $25.60B and $42.21 billion US Long portfolio, decreased its stake in Dte Energy Co (NYSE:DTE) by 77,754 shares to 425,184 shares, valued at $46.54M in 2017Q4, according to the filing. It also reduced its holding in Gentex Corp (NASDAQ:GNTX) by 314,290 shares in the quarter, leaving it with 309,150 shares, and cut its stake in Telephone & Data Sys Inc (NYSE:TDS).

Among 38 analysts covering Global Payments Inc. (NYSE:GPN), 31 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Global Payments Inc. had 128 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Friday, February 16. The company was maintained on Thursday, February 15 by SunTrust. The firm has “Buy” rating given on Monday, July 24 by Robert W. Baird. On Thursday, February 15 the stock rating was upgraded by Credit Suisse to “Buy”. The stock of Global Payments Inc. (NYSE:GPN) earned “Outperform” rating by Oppenheimer on Wednesday, July 29. Stephens maintained the stock with “Buy” rating in Tuesday, February 27 report. The company was maintained on Tuesday, March 29 by Citigroup. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, July 6 report. Guggenheim initiated it with “Buy” rating and $82 target in Tuesday, December 20 report. Stephens maintained the stock with “Buy” rating in Thursday, February 15 report.

Among 19 analysts covering Silicon Motion (NASDAQ:SIMO), 15 have Buy rating, 1 Sell and 3 Hold. Therefore 79% are positive. Silicon Motion had 42 analyst reports since July 28, 2015 according to SRatingsIntel. Craig Hallum maintained it with “Buy” rating and $60.0 target in Friday, January 19 report. Topeka Capital Markets maintained Silicon Motion Technology Corporation (NASDAQ:SIMO) rating on Friday, January 29. Topeka Capital Markets has “Buy” rating and $37 target. The firm has “Buy” rating by Loop Capital Markets given on Tuesday, June 6. The stock has “Buy” rating by Standpoint Research on Wednesday, August 30. The firm has “Underperform” rating by Bank of America given on Tuesday, August 18. The company was maintained on Thursday, February 8 by Needham. The firm earned “Buy” rating on Thursday, January 14 by Standpoint Research. The firm has “Buy” rating given on Tuesday, March 7 by Standpoint Research. On Wednesday, July 29 the stock rating was maintained by Brean Capital with “Buy”. On Friday, July 7 the stock rating was maintained by Craig Hallum with “Buy”.

Global Payments Inc. (NYSE:GPN) Institutional Positions Chart

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