Five Companies Hit 52-Week Highs

Recently, a number of companies have all managed to achieve yearly highs.

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Jan 16, 2018
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According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.

Freeport-McMoRan Inc. (FCX, Financial) reached the 52-week high of $19.75

Freeport-McMoRan Inc. is a mining company. It mines more copper than any other publicly traded company in the world. Its assets include the Indonesian Grasberg mining complex, the world's largest copper and gold mine in terms of recoverable reserves, as well as significant mining operations in the Americas.

The prices of Freeport-McMoRan Inc. shares have reached $19.75, which is 1.6% off the 52-week high of $20.07. Freeport-mcmoran Inc. has a market cap of $28.59 billion; its shares were traded around $19.75 with a P/E ratio of 24.09 and P/S ratio of 1.81.

Freeport-McMoRan Inc. recently reported net income attributable to common stock of $280 million ($0.19 per share) for third-quarter 2017 and $776 million ($0.53 per share) for the first nine months of 2017, compared with net income attributable to common stock of $217 million ($0.16 per share) for third-quarter 2016 and a net loss attributable to common stock of $4.4 billion ($3.45 per share) for the first nine months of 2016.

Kite Pharma Inc. (KITE, Financial) Reached the 52-Week High of $179.79

Kite Pharma Inc. is a clinical-stage biopharmaceutical company. It is engaged in the development and commercialization of novel cancer immunotherapy products designed to harness the power of a patient's own immune system to eradicate cancer cells. In partnership with the National Cancer Institute through a cooperative research and development agreement, Kite is advancing a pipeline of proprietary product candidates, both chimeric antigen receptor and T-cell receptor products, targeting a wide range of cancer indications. The company also has a strategic collaboration with Amgen to develop and commercialize next-generation CAR-T therapies.

The prices of Kite Pharma Inc. (KITE, Financial) shares have reached $179.79, which is 0.1% off the 52-week high of $179.95. Kite Pharma Inc has a market cap of $10.31 billion; its shares were traded around $179.79 with and P/S ratio of 292.34.

Kite Pharma Inc. recently reported second quarter 2017 financial results. Revenue was $10.1 million for the second quarter of 2017. Research and development expenses were $70.9 million for the second quarter of 2017, including $13.1 million of non-cash stock-based compensation expense. General and administrative expenses were $41.1 million for the second quarter of 2017, including $12.1 million of non-cash stock-based compensation expense. Net loss was $109.8 million, or $1.94 per share, for the second quarter of 2017. Non-GAAP net loss for the second quarter of 2017 was $84.7 million, or $1.50 per share, excluding non-cash stock-based compensation expense of $25.2 million.

PPG Industries Inc. (PPG, Financial) Reached the 52-Week High of $118.17

PPG Industries Inc is engaged in manufacturing and distributing coatings, specialty materials and glass products. It sells its products to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. PPG is a global producer of coatings and glass. The company is the world's largest producer of coatings after the purchase of selected AkzoNobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

The prices of PPG Industries Inc. (PPG, Financial) shares have reached $118.17, which is 1.4% off the 52-week high of $119.85. PPG Industries Inc. has a market cap of $30.07 billion; its shares were traded around $118.17 with a P/E ratio of 17.15 and P/S ratio of 2.04. The trailing 12-month dividend yield of PPG Industries Inc. stocks is 1.44%. The forward dividend yield of PPG Industries Inc. stocks is 1.52%. PPG Industries Inc. had an annual average earnings growth of 4.30% over the past 10 years. GuruFocus rated PPG Industries Inc. the business predictability rank of 3.5-star.

PPG recently reported third quarter 2017 net sales of approximately $3.8 billion, up more than 3% versus the prior year. Third quarter 2017 net income from continuing operations was $392 million, or $1.52 per diluted share, which includes an unfavorable natural disaster-related impact of approximately 5 cents. Third quarter 2016 reported net loss from continuing operations was $211 million, or $0.79 per share. Third quarter 2016 adjusted net income from continuing operations was $405 million, or $1.52 per share.

NXP Semiconductors NV (NXPI, Financial) reached the 52-week high of $119.58

NXP Semiconductors NV is a global semiconductor company. It provides High Performance Mixed Signal and Standard Product solutions that leverage its combined portfolio of intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography security, high-speed interface, radio frequency, mixed-signal analog-digital, power management, digital signal processing and embedded system design. The company's product solutions are used in a wide range of end-market applications including, automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.

The prices of NXP Semiconductors NV (NXPI, Financial) shares have reached $119.58, which is 0.1% off the 52-week high of $119.70. NXP Semiconductors NV has a market cap of $40.54 billion; its shares were traded around $119.58 with a P/E ratio of 20.76 and P/S ratio of 4.53. NXP Semiconductors NV had an annual average earnings growth of 15.50% over the past 5 years.

NXP Semiconductors NV recently reported financial results for the third quarter ended Oct. 1. NXP delivered revenue of $2.39 billion, a decline of 3 percent year on year. Within the Automotive group, third quarter revenue was $948 million, up 11 percent year on year. Within the Secure Connected Devices group, third quarter revenue was $713 million, up 20 percent year on year. In the Secure Interface and Infrastructure group, third quarter revenue was $488 million, up 3% year on year. Lastly, in Secure Identification Solutions group, third quarter revenue was $139 million, down 22% versus the same period a year ago.

Splunk Inc. (SPLK, Financial) reached the 52-week high of $89.64

Splunk Inc. provides software for machine log analysis. Its flagship product is Splunk Enterprise and at its core is a proprietary machine data engine, comprised of collection, indexing, searching, reporting analysis and data management capabilities, used across a multitude of use cases including application management, IT operations and security. The company primarily deploys its solutions on-premises, though the SaaS delivery model is growing in popularity with Splunk Cloud. The company derives roughly 60% of its revenue from software licenses, with the remainder coming from maintenance and support.

The prices of Splunk Inc. (SPLK, Financial) shares have reached $89.64, which is 1.2% off the 52-week high of $90.69. Splunk Inc. has a market cap of $12.68 billion; its shares were traded around $89.64 with and P/S ratio of 10.67. Splunk Inc had an annual average earnings growth of 65.70% over the past five years.

Splunk Inc. recently announced results for its fiscal third quarter ended October 31, 2017.Total revenues were $328.7 million, up 34% year-over-year. Total billings were $381.6 million, up 38% year-over-year. GAAP operating loss was $50.8 million; GAAP operating margin was negative 15.5%. Non-GAAP operating profit was $32.3 million; non-GAAP operating margin was positive 9.8%. GAAP loss per share was $0.36; non-GAAP earnings per share was $0.17. Operating cash flow was $52.3 million with free cash flow of $46.9 million.

Note: I do not own these stocks.