Technology Roundup  – Bezos offloads $3B of Amazon shares, Qualcomm, Qorvo stocks lead semis higher after earnings

科技精选——贝佐斯减持30亿美元亚马逊股票;高通、Qorvo领涨半导体股
Published on: November 5, 2020
Author: Amy Liu

Accelerating stock sales, Bezos offloads $3B of Amazon shares

Jeff Bezos has unloaded another 1M shares of Amazon (NASDAQ:AMZN) for $3B as part of a prearranged 10b5-1 trading plan, marking the latest in a series of sales that now exceed $10B this year.

That’s a notable jump from 2019, when the Amazon CEO sold $2.8B worth of shares, though he continues to hold more than 10% of the company – a stake worth around nearly $170B and makes him the richest person in the world.

Bezos has previously said he sells about $1B of Amazon stock each year to fund his rocket startup, Blue Origin, and launched a $10B Earth Fund back in February to combat the effects of climate change.

Qualcomm, Qorvo stocks lead semis higher after earnings

The Philadelphia Semiconductor Index is up is up 3.8% vs. the 2.8% gain from the broader tech sector (NYSEARCA:XLK) driven by the ‘stunning’ earnings report from Qualcomm (QCOM +13.0%) driven by 5G trends, and Qorvo’s (QRVO +7.7%) beats and strong current quarter forecast.

Other top semi gainers include Applied Materials (AMAT +6.1%), MKS Instruments (MKSI +6.0%), Cree (CREE +5.4%), and Skyworks (SWKS +4.9%). Skyworks shares started the week in the red despite reporting its own FQ4 beats and upside guidance.

Fluidigm EPS beats by $0.12, beats on revenue

Fluidigm (NASDAQ:FLDM): Q3 GAAP EPS of -$0.08 beats by $0.12.

Revenue of $39.86M (+50.5% Y/Y) beats by $7.39M.

Turtle Beach EPS beats by $0.82, beats on revenue

Turtle Beach (NASDAQ:HEAR): Q3 Non-GAAP EPS of $1.05 beats by $0.82; GAAP EPS of $1.04 beats by $0.78.

Revenue of $112.49M (+140.8% Y/Y) beats by $25.76M.

Shares +6.13% AH.

Telephone and Data Systems EPS beats by $0.45, beats on revenue

Telephone and Data Systems (NYSE:TDS): Q3 GAAP EPS of $0.66 beats by $0.45.

Revenue of $1.32B (flat Y/Y) beats by $30M.

Technology