On Tuesday, Jabil Circuit, Inc. (NYSE:JBL)’s shares declined -3.46% to $18.68.
Jabil Circuit, Inc. (JBL) declared that its Board of Directors has authorized the repurchase of up to $100 million worth of shares of the Company’s common stock during the period from recently through August 31, 2016. The shares will be repurchased from time-to-time in the open market at the Company’s discretion and subject to market conditions and other factors.
Jabil Circuit, Inc., together with its auxiliaries, provides electronic manufacturing services and solutions worldwide. It offers electronics design, production, and product administration services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications, and wearable technology industries.
LPL Financial Holdings Inc (NASDAQ:LPLA)’s shares dropped -2.04% to $39.40.
Investment advisors looking to have smarter, more in-depth and more complete conversations with clients are quickly gravitating to eVestment’s new SmartVision Analytics solution. The cloud-based solution gives advisors the full picture of trends in the investment world, counting unique insights into the market-moving investment trends of large institutional investors like pension funds, insurance companies, sovereign wealth funds and foundations.
LPL Financial, the nation’s largest independent broker-dealer*, is the first company to incorporate SmartVision Analytics on a vendor platform. It is being offered to its advisors through LPL Financial’s Vendor Affinity Program, a new initiative designed to assist advisors reduce the complexity and costs of running their businesses. The program offers a centralized repository of vendors who have been reviewed by LPL and have agreed to provide their products and services to LPL advisors at discounted prices.
Investment advisors making decisions based on retail investment data alone are missing about half of the story. Of the multi-trillion-dollar pool of investable cash around the world, about half is controlled by institutional investors. Their investment moves tend to lead retail investment trends by several months and, until now, were among the hardest for investment advisors to track.
LPL Financial Holdings Inc., together with its auxiliaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings comprise variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income products, and alternative investments; and insurance offerings comprise personalized advance case design, point-of-sale service, and product support for a range of life, disability, and long-term care products.
At the end of Tuesday’s trade, Amkor Technology, Inc. (NASDAQ:AMKR)‘s shares dipped -6.03% to $5.06.
Amkor Technology, Inc. (AMKR), a leading provider of semiconductor packaging and test services, recently declared financial results for the second quarter ended June 30, 2015.
Based upon presently accessible information, we have the following expectations for the third quarter 2015:
- Net sales of $700 million to $750 million, down 5% to up 2% from the preceding quarter
- Gross margin of 13% to 16%
- Net loss of $7 million to net income of $14 million, or ($0.03) to $0.06 per share
Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, China, Ireland, Japan, Singapore, Taiwan, Thailand, and internationally. The company offers turnkey packaging and test services, counting semiconductor wafer bumps, wafer probes, wafer backgrinds, package design, packaging, and test and drop shipment services. Its packages employ wirebond, flip chip, and copper clip interconnect technologies; and leadframe and substrate package carriers are used for various testing services.
Leucadia National Corp. (NYSE:LUK), ended its Tuesday’s trading session with -3.49% loss, and closed at $20.71.
Leucadia National Corporation (LUK) declared its financial results for the three and six month periods ended June 30, 2015. Adjusted net income attributable to Leucadia National Corporation common shareholders, which excludes the operating results of Jefferies’ Bache business, was $42.3 million, or $0.11 per diluted share, for the second quarter, and $430.1 million, or $1.12 per diluted share, for the six months ended June 30, 2015. Counting the results of the Bache business, net income attributable to Leucadia National Corporation common shareholders was $16.4 million, or $0.04 per diluted share, for the second quarter, and $397.2 million, or $1.04 per diluted share, for the six months ended June 30, 2015.
Financial Services Businesses
Jefferies stated strong second quarter revenues, with investment banking revenues in excess of $400 million, an enhance of 49% contrast to this year’s first quarter and 22% as compared to the second quarter last year. Equity net revenues were also strong, and Fixed income net revenues, not taking into account Bache, reflected a 56% enhance over the slow first quarter.
In April, Jefferies agreed with Societe General S.A. to transfer certain of the client activities of its Bache business. During the second quarter, Jefferies transferred about 50% of Bache’s client accounts to Societe General S.A. and other brokers, and anticipates to be substantially complete by the end of the summer.
We continued to experience good progress in the development of our various asset administration platforms. Launched in March 2015, Folger Hill continued to grow assets under administration and add quality portfolio managers, and is now poised to fully implement its investment strategy. Despite choppy markets due to developments in China and Greece, Topwater extended its streak of positive months to 20, showcasing the value of its first-loss model. Mazama also performed well, particularly relative to its peers, and has seen some traction in its fundraising efforts. The Planned Investment Division, with its flagship Structured Alpha fund, produced positive results in the first half and is considering ways to expand its suite of systematic trading strategies.
Leucadia National Corporation, through its partner, Jefferies Group LLC, primarily operates in the investment banking and capital markets sector. Leucadia National Corporation also owns and holds investments in various other businesses, counting beef processing, manufacturing, energy projects, asset administration, and real estate. It offers equities research, sales, and trading services; financing, securities lending, and other prime brokerage services; wealth administration services; fixed income sales and trading services; futures, foreign exchange, and commodities trading services; and equity and debt capital markets services, in addition to provides mergers and acquisition, and restructuring and recapitalization services in the Americas, Europe, and Asia.
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