Delphi Technologies (DLPH) Neutral Rating Reiterated at Buckingham; The Target Price per Share Given is $48; A-R-T- Advisors Trimmed By $850,320 Its 8X8 New (EGHT) Stake

August 10, 2018 - By Margaret Guttierez

Delphi Technologies PLC (NYSE:DLPH) Logo

A-R-T- Advisors Llc decreased 8X8 Inc New (EGHT) stake by 81.4% reported in 2018Q1 SEC filing. A-R-T- Advisors Llc sold 47,240 shares as 8X8 Inc New (EGHT)’s stock declined 0.27%. The A-R-T- Advisors Llc holds 10,791 shares with $201,000 value, down from 58,031 last quarter. 8X8 Inc New now has $2.08B valuation. The stock increased 1.37% or $0.3 during the last trading session, reaching $22.25. About 480,247 shares traded. 8×8, Inc. (NASDAQ:EGHT) has risen 41.06% since August 10, 2017 and is uptrending. It has outperformed by 28.49% the S&P500. Some Historical EGHT News: 24/05/2018 – 8X8 4Q REV. $79.3M, EST. $76.8M; 15/05/2018 – 8X8 INC – FINANCIAL TERMS OF ACQUISITION ARE NOT BEING DISCLOSED; 24/05/2018 – 8X8 INC – SEES FY 2019 SERVICE REVENUE IN THE RANGE OF $333 MILLION TO $338 MILLION, REPRESENTING APPROXIMATELY 19% TO 21% YEAR-OVER-YEAR INCREASE; 24/05/2018 – 8X8 4Q Rev $79.3M; 16/03/2018 – 8X8 INC EGHT.N : DOUGHERTY RAISES TARGET PRICE TO $23 FROM $20; 15/05/2018 – 8X8 ACQUIRES MARIANAIQ TO STRENGTHEN Al CAPABILITIES FOR ENTERPRISE COMMUNICATIONS; 25/04/2018 – Springer Nature sets price range for Frankfurt flotation; 19/04/2018 – DJ 8×8 Inc, Inst Holders, 1Q 2018 (EGHT); 21/05/2018 – 8×8, Inc. to Participate in Upcoming Investor Conferences; 24/05/2018 – 8X8 4Q Loss/Shr 14c

Buckingham have a $48 target on the stock. The target would indicate a potential upside of 15.03% from Delphi Technologies (NYSE:DLPH)‘s last close price. This rating was revealed to investors in analysts report on Friday, 10 August.

Among 9 analysts covering Delphi Technologies PLC Ordinary Shares (NYSE:DLPH), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Delphi Technologies PLC Ordinary Shares has $70.0 highest and $52 lowest target. $59.44’s average target is 42.44% above currents $41.73 stock price. Delphi Technologies PLC Ordinary Shares had 14 analyst reports since February 22, 2018 according to SRatingsIntel. Guggenheim maintained the stock with “Buy” rating in Thursday, February 22 report. The stock has “Outperform” rating by Robert W. Baird on Tuesday, April 17. The stock has “Overweight” rating by Barclays Capital on Thursday, August 9. The firm has “Equal-Weight” rating given on Thursday, March 22 by Morgan Stanley. The stock has “Overweight” rating by Morgan Stanley on Monday, July 9. The firm has “Buy” rating by Cowen & Co given on Monday, April 16. The stock of Delphi Technologies PLC (NYSE:DLPH) earned “Buy” rating by BMO Capital Markets on Sunday, March 4. The rating was upgraded by Oppenheimer on Monday, July 23 to “Outperform”. The rating was initiated by Wells Fargo on Wednesday, June 20 with “Buy”. Oppenheimer maintained the shares of DLPH in report on Thursday, August 9 with “Outperform” rating.

Since February 16, 2018, it had 0 insider buys, and 1 sale for $578,882 activity. $578,882 worth of Delphi Technologies PLC (NYSE:DLPH) shares were sold by Paja David.

Delphi Automotive PLC, together with its subsidiaries, manufacturers vehicle components; and provides electrical and electronic, powertrain, and safety technology solutions to the automotive and commercial vehicle markets worldwide. The company has market cap of $3.71 billion. It operates through three divisions: Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety. It has a 13.24 P/E ratio. The Electrical/Electronic Architecture segment offers complete design of the vehicleÂ’s electrical architecture, including connectors, wiring assemblies and harnesses, electrical centers, and hybrid high voltage and safety distribution systems.

Investors sentiment increased to 0.33 in 2018 Q1. Its up 0.32, from 0.01 in 2017Q4. It is positive, as 11 investors sold Delphi Technologies PLC shares while 1 reduced holdings. 0 funds opened positions while 4 raised stakes. 1.55 million shares or 66.65% less from 4.65 million shares in 2017Q4 were reported. Schroder Invest Management stated it has 130,328 shares or 0.02% of all its holdings. Moreover, Cleararc Capital has 0.09% invested in Delphi Technologies PLC (NYSE:DLPH). Amundi Pioneer Asset Mngmt Incorporated owns 1.14M shares. Eqis Management owns 4,572 shares for 0.01% of their portfolio. Capital Fund Sa, France-based fund reported 262,931 shares. Gemmer Asset Management Ltd Liability Corporation has 0% invested in Delphi Technologies PLC (NYSE:DLPH).

The stock decreased 0.60% or $0.25 during the last trading session, reaching $41.73. About 1.10 million shares traded or 30.47% up from the average. Delphi Technologies PLC (NYSE:DLPH) has 0.00% since August 10, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical DLPH News: 22/03/2018 – DELPHI TECHNOLOGIES PLC DLPH.N : MORGAN STANLEY CUTS TO EQUAL-WEIGHT FROM OVERWEIGHT; 27/04/2018 – Chmn Manganello Disposes 283 Of Delphi Technologies PLC; 27/04/2018 – Dir Cantie Disposes 600 Of Delphi Technologies PLC; 27/04/2018 – Dir Haffner Disposes 72 Of Delphi Technologies PLC; 09/05/2018 – Delphi Technologies 1Q Adj EPS $1.30; 30/04/2018 – MFS Value Fund Exits Delphi Technologies; 23/05/2018 – Delphi Technologies at Royal Bank of Canada Conference May 31; 12/03/2018 Research Report Identifies Essent Group, BanColombia S.A, Aegon NV, Delphi Technologies, IRSA Inversiones Y Representaciones S; 27/04/2018 – Dir Adams Disposes 72 Of Delphi Technologies PLC; 27/04/2018 – Dir Wright Disposes 72 Of Delphi Technologies PLC

More notable recent Delphi Technologies PLC (NYSE:DLPH) news were published by: Seekingalpha.com which released: “Delphi Technologies Plc (DLPH) Q2 2018 Results – Earnings Call Transcript” on August 08, 2018, also Seekingalpha.com with their article: “Oppenheimer sees bounceback for Delphi Technologies” published on July 23, 2018, 247Wallst.com published: “6 Stocks Defying the Bull Market With Multiple Analyst Downgrades and Price Target Cuts” on August 09, 2018. More interesting news about Delphi Technologies PLC (NYSE:DLPH) were released by: Benzinga.com and their article: “Earnings Scheduled For August 8, 2018” published on August 08, 2018 as well as Seekingalpha.com‘s news article titled: “Auto supplier sector on watch” with publication date: July 25, 2018.

Since February 16, 2018, it had 1 buy, and 2 sales for $190,716 activity. $183,173 worth of stock was sold by Deklich Dejan on Friday, March 9. Shares for $140,217 were bought by Verma Vikram on Wednesday, May 30. $147,760 worth of stock was sold by Hakeman Darren J. on Friday, February 16.

Among 8 analysts covering 8X8 (NASDAQ:EGHT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. 8X8 had 10 analyst reports since March 16, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Friday, May 25 by Bank of America. Northland Capital maintained it with “Buy” rating and $2600 target in Thursday, April 19 report. The stock has “Neutral” rating by FBR Capital on Monday, July 30. The stock has “Buy” rating by Needham on Friday, March 16. Oppenheimer initiated it with “Buy” rating and $2500 target in Tuesday, May 1 report. FBR Capital maintained it with “Hold” rating and $1600 target in Tuesday, May 29 report. Morgan Stanley maintained the shares of EGHT in report on Friday, April 27 with “Overweight” rating. The stock has “Buy” rating by Robert W. Baird on Friday, May 25.

More important recent 8×8, Inc. (NYSE:EGHT) news were published by: Seekingalpha.com which released: “Comms firm 8×8 +6.6% amid 20% revenue growth” on July 26, 2018, also Seekingalpha.com published article titled: “8×8 Inc. Earnings In A Few Days. Should You Buy?”, Seekingalpha.com published: “Comms firm 8×8 introduces X Series unified cloud platform” on July 17, 2018. More interesting news about 8×8, Inc. (NYSE:EGHT) was released by: Seekingalpha.com and their article: “Cloudera – Fly Me To The Moon” with publication date: July 23, 2018.

Analysts await 8×8, Inc. (NYSE:EGHT) to report earnings on October, 25. They expect $-0.14 earnings per share, down 250.00% or $0.10 from last year’s $-0.04 per share. After $-0.14 actual earnings per share reported by 8×8, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.27 in Q1 2018. Its up 0.36, from 0.91 in 2017Q4. It increased, as 21 investors sold EGHT shares while 38 reduced holdings. 27 funds opened positions while 48 raised stakes. 61.38 million shares or 1.14% more from 60.69 million shares in 2017Q4 were reported. 56,880 were accumulated by Citigroup. Cornerstone Advisors holds 0% in 8×8, Inc. (NYSE:EGHT) or 31 shares. Amalgamated State Bank has invested 0.01% in 8×8, Inc. (NYSE:EGHT). Agf Investments Inc holds 0.11% or 563,068 shares in its portfolio. Great West Life Assurance Company Can invested 0.01% in 8×8, Inc. (NYSE:EGHT). Pub Sector Pension Invest Board accumulated 59,620 shares. Moreover, Piedmont Inv Limited Liability Corporation has 0.01% invested in 8×8, Inc. (NYSE:EGHT). State Of Wisconsin Investment Board reported 654,950 shares or 0.04% of all its holdings. Gemmer Asset Management Ltd Limited Liability Company holds 0% or 294 shares. Moreover, Amundi Pioneer Asset Mgmt Inc has 0% invested in 8×8, Inc. (NYSE:EGHT). Legal & General Group Inc Inc Public Ltd holds 0% of its portfolio in 8×8, Inc. (NYSE:EGHT) for 192,072 shares. Waddell And Reed Finance has 1.09M shares. Segall Bryant Hamill Llc holds 197,926 shares or 0.09% of its portfolio. Manufacturers Life Insurance Co The reported 66,242 shares. Creative Planning holds 0.01% in 8×8, Inc. (NYSE:EGHT) or 90,205 shares.

A-R-T- Advisors Llc increased Ceva Inc (NASDAQ:CEVA) stake by 18,900 shares to 26,092 valued at $944,000 in 2018Q1. It also upped Tile Shop Hldgs Inc (NASDAQ:TTS) stake by 142,274 shares and now owns 255,943 shares. Honeywell Intl Inc (NYSE:HON) was raised too.

8x8, Inc. (NYSE:EGHT) Institutional Positions Chart

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