5 Companies Reach Yearly Highs

Multiple companies have achieved 52-week milestones

Author's Avatar
Apr 11, 2017
Article's Main Image

According to GuruFocus list of 52-week highs, these stocks have reached their 52-Week Highs.

Activision Blizzard reached the 52-week high of $49.61

Activision Blizzard Inc. (ATVI, Financial) is a developer and publisher of online, personal computer, video game console, handheld, mobile and tablet games. Its business segments are Activision Publishing Inc. and Blizzard Entertainment Inc.

Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. The combined firm remains one of the world's largest video game publishers. Activision's impressive franchise portfolio includes "World of Warcraft," which boasts more than $8 billion of lifetime sales, and "Call of Duty," which has sold over 175 million copies across 14 titles over 12 years.

The price of Activision Blizzard shares has reached $49.61, which is 1.6% off the 52-week high of $50.40. Activision Blizzard has a market cap of $37.49 billion; its shares were traded around $49.61 with a price-earnings (P/E) ratio of 40.68 and price-sales (P/S) ratio of 5.64. Activision Blizzard's trailing 12-month dividend yield is 0.61%. The forward dividend yield is 0.61%.

Activision Blizzard had an annual average earnings growth of 22.60% over the past 10 years. GuruFocus rated Activision Blizzard the business predictability rank of 4-star.

For the quarter ended Dec. 31, 2016, Activision Blizzard's net revenues presented in accordance with GAAP were an all-time record of $2.01 billion, as compared with $1.35 billion for the fourth quarter of 2015, an increase of 49%. GAAP net revenues from digital channels were an all-time record of $1.45 billion, growing 101% year over year. GAAP operating margin for the fourth quarter was 21%. GAAP earnings per diluted share were 33 cents compared with 21 cents for the fourth quarter of 2015, an increase of 57%. Non-GAAP (redefined) operating margin was a fourth-quarter record 34%. On a non-GAAP (redefined) basis, the company's earnings per diluted share were an all-time record 65 cents compared with 25 cents for the fourth quarter of 2015, an increase of 160%.

President and CEO of Blizzard Entertainment Michael Morhaime sold 29,624 shares for $49.18 per share on March 15. The stock price has increased by 0.87% since.

Albemarle reached the 52-week high of $105.94

Albemarle Corp. (ALB, Financial)Â is a developer, manufacturer and marketer of engineered specialty chemicals. It provides services to end markets including petroleum refining, consumer electronics, construction, automotive, lubricants and pharmaceuticals. Albemarle is a chemical company with operations in lithium (used in batteries), bromine (used in flame retardants) and oil refining catalysts.

The price of Albemarle shares has reached $105.94, which is 1.5% off the 52-week high of $107.56. Albemarle has a market cap of $11.89 billion; its shares were traded around $105.94 with a P/E ratio of 18.66 and P/S ratio of 4.16. The trailing 12-month dividend yield is 1.16%. Albemarle's forward dividend yield is 1.21%. It had an annual average earnings growth of 7.70% over the past 10 years.

The company reported that fourth quarter 2016 earnings were $602.1 million, or $5.30 per diluted share, including $546.3 million in after-tax gains related to the sale of the Chemetall Surface Treatment business. Fourth quarter adjusted EBITDA was $187.4 million, an increase of 12% over the prior year, excluding the impact of divestitures. Full-year cash from operations was a record $733.4 million, an increase of 103% over the prior year. The company completed sale of Chemetall Surface Treatment business on Dec. 14 and completed the acquisition of the lithium hydroxide and lithium carbonate conversion assets of Jiangxi Jiangli New Materials Science and Technology Co. Ltd. on Dec. 31.

Liberty SiriusXM Group reached the 52-week high of $39.44

Liberty SiriusXM Group (LSXMK, Financial) through its subsidiary holding is engaged in providing a subscription-based satellite radio service.

Liberty SiriusXM Group has changed its name from Liberty Media Corp. The company through its subsidiary holding is engaged in providing a subscription based satellite radio service. It transmits music, sports, entertainment, comedy, talk, news, traffic and weather channels as well as infotainment services in the U.S. on a subscription fee basis through its two proprietary satellite radio systems the Sirius system and the XM system.

The price of Liberty SiriusXM Group shares has reached $39.44, which is 0.9% off the 52-week high of $39.80. Liberty Siriusxm Group has a market cap of $13.01 billion; its shares were traded around $39.44 with a P/E ratio of 35.36 and P/S ratio of 2.49.

Liberty SiriusXM Group's revenue increased 9% to $1.3 billion in the fourth quarter 2016 and increased 10% to $5.0 billion for the year. Operating income increased 17% to $306 million in the fourth quarter and increased 26% to $1.4 billion for the year. Adjusted OIBDA increased 21% to $467 million in the fourth quarter and increased 11% to $1.8 billion for the year. The increases in revenue, operating income and adjusted OIBDA were primarily attributable to an increase in SiriusXM's daily weighted average number of subscribers and an increase in SiriusXM's average monthly revenue per subscriber due to certain rate increases.

KLA-Tencor reached the 52-week high of $96.54

KLA-Tencor Corp. (KLAC, Financial) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. KLA-Tencor designs and manufactures yield-management and process-monitoring systems for the semiconductor industry. The systems are used to analyze the manufacturing process at various steps in a product's development. The firm's laser-scanning products are used for wafer qualification, process monitoring and equipment monitoring. KLA-Tencor also provides systems for optical metrology and e-beam metrology.

The price of KLA-Tencor shares has reached $96.54, which is 1.0% off the 52-week high of $97.49. KLA-Tencor has a market cap of $14.9 billion; its shares were traded around $96.54 with a P/E ratio of 17.55 and P/S ratio of 4.65. KLA-Tencor's trailing 12-month dividend yield is 2.20%. The forward dividend yield is 2.25%.

The company recently announced operating results for its second quarter of fiscal year 2017, which ended on Dec. 31, 2016, and reported GAAP net income of $238 million and GAAP earnings per diluted share of $1.52 on revenues of $877 million.

Executive Vice President Bobby R. Bell sold 10,933 shares for $93.61 per share on March 16. The stock price has increased by 3.13% since.

Laboratory Corp. of America Holdings reached the 52-week high of $143.39

Laboratory Corp. of America Holdings (LH, Financial) is a health care diagnostics company. The company along with its subsidiaries provides clinical laboratory services and end-to-end drug development support. Laboratory Corp. of America is the nation's second-largest independent clinical laboratory with roughly 20% of the independent lab market. The company operates more than 1,800 patient-service centers, offering a broad range of clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing.

The price of Laboratory Corp. of America Holdings shares has reached $143.39, which is 1.6% off the 52-week high of $145.64. Laboratory Corp. of America Holdings has a market cap of $14.7 billion; its shares were traded around $143.39 with a P/E ratio of 20.65 and P/S ratio of 1.57. It had an annual average earnings growth of 8.10% over the past 10 years. GuruFocus rated Laboratory Corp. of America Holdings the business predictability rank of 5-star.

The company has reported the following for the fourth quarter of 2016:

  • Net Revenue: Fourth quarter of $2.4 billion, up 6% over 2015; full year of $9.4 billion, up 11% over 2015.
  • Diluted EPS: Fourth quarter of $1.75, up 63% over 2015;fFull year of $7.02, up 61% over 2015.
  • Adjusted EPS: Fourth quarter of $2.15, up 9% over 2015; full year of $8.83, up 12% over 2015.
  • Free Cash Flow: Fourth quarter of $375 million, up 25% over 2015; full year of $897 million, up 23% over 2015.

Disclosure: I do not own these stocks.

Start a free seven-day trial of Premium Membership to GuruFocus.