Kopp Investment Advisors Decreased Stake in Finisar Corp. (FNSR) as Valuation Declined; Heico New (HEI.A) Stake Has Increased by Telemark Asset Management Llc

June 10, 2018 - By Hazel Jackson

HEICO Corporation (NYSE:HEI.A) Logo

Telemark Asset Management Llc increased its stake in Heico Corp New (HEI.A) by 25% based on its latest 2018Q1 regulatory filing with the SEC. Telemark Asset Management Llc bought 20,000 shares as the company’s stock 0.00% . The hedge fund held 100,000 shares of the company at the end of 2018Q1, valued at $7.10 million, up from 80,000 at the end of the previous reported quarter. Telemark Asset Management Llc who had been investing in Heico Corp New for a number of months, seems to be bullish on the $8.99 billion market cap company. The stock increased 0.52% or $0.4 during the last trading session, reaching $77.65. About 318,200 shares traded or 122.32% up from the average. HEICO Corporation (NYSE:HEI.A) has risen 52.26% since June 10, 2017 and is uptrending. It has outperformed by 39.69% the S&P500.

Kopp Investment Advisors Llc decreased its stake in Finisar Corp. (FNSR) by 31.58% based on its latest 2018Q1 regulatory filing with the SEC. Kopp Investment Advisors Llc sold 56,088 shares as the company’s stock declined 6.94% with the market. The institutional investor held 121,508 shares of the semiconductors company at the end of 2018Q1, valued at $1.92M, down from 177,596 at the end of the previous reported quarter. Kopp Investment Advisors Llc who had been investing in Finisar Corp. for a number of months, seems to be less bullish one the $1.97 billion market cap company. The stock decreased 1.32% or $0.23 during the last trading session, reaching $17.15. About 2.01 million shares traded. Finisar Corporation (NASDAQ:FNSR) has declined 31.34% since June 10, 2017 and is downtrending. It has underperformed by 43.91% the S&P500. Some Historical FNSR News: 08/03/2018 – Finisar 3Q Loss/Shr 49c; 21/03/2018 – Finisar Conference Call Scheduled By Aliya Capital for Mar. 26; 08/03/2018 – Finisar Sees 4Q Adj EPS 9c-Adj EPS 15c; 05/04/2018 – Jon Najarian: rumor earlier in the week about a deal with sensor for $AAPL, today $MS raised $FNSR to Overweight from Equal; 27/04/2018 – Global Fiber Optical Coupler Market to 2022 – Dominated by Corning, Finisar, Fujikura, Furukawa Electric, and Sumitomo Electric – ResearchAndMarkets.com; 08/03/2018 – Finisar 3Q Adj EPS 20c; 13/03/2018 – Finisar Introduces lndustry’s First 400G QSFP-DD Active Optical Cable and Transceivers for Switching and Routing Applications at OFC 2018; 15/05/2018 – ENGAGED CAPITAL ADDED FNSR, PETX IN 1Q: 13F; 08/03/2018 – FINISAR 3Q ADJ EPS 20C, EST. 23C; 08/03/2018 – FINISAR CORP QTRLY SHR LOSS $0.49

More notable recent Finisar Corporation (NASDAQ:FNSR) news were published by: Streetinsider.com which released: “Acacia (ACIA), Finisar (FNSR) Shares on Watch Amid Potential ZTE Resolution” on May 14, 2018, also Nasdaq.com with their article: “Apple Inc. Is Trying to Corner the Augmented Reality Market” published on June 06, 2018, Livetradingnews.com published: “Finisar Corporation (NASDAQ:FNSR) Heffx Technical Analysis” on May 15, 2018. More interesting news about Finisar Corporation (NASDAQ:FNSR) were released by: Seekingalpha.com and their article: “Finisar: 64% Upside Potential” published on June 01, 2018 as well as Globenewswire.com‘s news article titled: “Finisar to Announce Fiscal 2018 Financial Results” with publication date: June 04, 2018.

Since December 13, 2017, it had 0 buys, and 8 insider sales for $2.91 million activity. Shares for $154,031 were sold by CLARK JOHN H on Wednesday, December 13. Adzema Kurt had sold 20,025 shares worth $443,554 on Monday, December 18. Another trade for 3,000 shares valued at $51,900 was made by FERGUSON ROGER C on Thursday, March 22. Another trade for 1,692 shares valued at $37,478 was made by Colyar Mark on Monday, December 18.

Kopp Investment Advisors Llc, which manages about $252.21M and $98.36M US Long portfolio, upped its stake in Aflac Inc. (NYSE:AFL) by 9,580 shares to 20,036 shares, valued at $877,000 in 2018Q1, according to the filing.

Among 19 analysts covering Finisar Corporation (NASDAQ:FNSR), 11 have Buy rating, 1 Sell and 7 Hold. Therefore 58% are positive. Finisar Corporation had 86 analyst reports since August 18, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 24 by Stifel Nicolaus. The rating was maintained by Piper Jaffray on Tuesday, June 13 with “Buy”. The stock has “Buy” rating by B. Riley & Co on Friday, March 11. Loop Capital maintained it with “Hold” rating and $17 target in Monday, February 26 report. Needham maintained it with “Buy” rating and $28 target in Tuesday, September 6 report. On Friday, June 16 the stock rating was maintained by Dougherty with “Buy”. The firm earned “Buy” rating on Wednesday, August 23 by Stifel Nicolaus. Jefferies reinitiated the shares of FNSR in report on Wednesday, November 1 with “Buy” rating. The company was maintained on Friday, September 8 by Barclays Capital. The company was downgraded on Tuesday, November 7 by Goldman Sachs.

Investors sentiment increased to 1.37 in Q1 2018. Its up 0.39, from 0.98 in 2017Q4. It is positive, as 31 investors sold FNSR shares while 61 reduced holdings. 53 funds opened positions while 73 raised stakes. 113.82 million shares or 12.64% more from 101.05 million shares in 2017Q4 were reported. Susquehanna International Group Ltd Liability Partnership holds 28,824 shares or 0% of its portfolio. Metropolitan Life New York invested in 0% or 37,065 shares. Teton Advsrs holds 0.02% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 14,900 shares. Nj State Employees Deferred Compensation Plan owns 28,000 shares. Td Asset Mgmt owns 0% invested in Finisar Corporation (NASDAQ:FNSR) for 116,012 shares. California Employees Retirement, a California-based fund reported 185,500 shares. Piedmont Investment Advsr Limited Liability Co owns 24,371 shares. Everence reported 0.05% in Finisar Corporation (NASDAQ:FNSR). Parkside Retail Bank has 0% invested in Finisar Corporation (NASDAQ:FNSR). Alphaone Invest Ltd, a Pennsylvania-based fund reported 731 shares. Pinebridge Invs LP reported 0.01% stake. Cap World Investors holds 755,000 shares. Engaged Cap Limited Company reported 2.54 million shares stake. 3.06M were accumulated by State Street Corporation. Missouri-based Stifel has invested 0% in Finisar Corporation (NASDAQ:FNSR).

Telemark Asset Management Llc, which manages about $460.03 million and $685.43 million US Long portfolio, decreased its stake in Trimble Inc (NASDAQ:TRMB) by 150,000 shares to 400,000 shares, valued at $14.35M in 2018Q1, according to the filing.

More news for HEICO Corporation (NYSE:HEI.A) were recently published by: Businesswire.com, which released: “HEICO Corporation Reports Record Net Sales and Operating Income for the Second Quarter of Fiscal 2018; Full Fiscal …” on May 29, 2018. Businesswire.com‘s article titled: “HEICO Corporation Announces Regular Quarterly Conference Call” and published on May 15, 2018 is yet another important article.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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