Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Anneliese Olson, President of Imaging, Printing & Solutions at HP Inc. (NYSE:HPQ), recently sold a notable amount of the company’s stock. According to a recent SEC filing, Olson disposed of 21,545 shares at a price of $28.49 per share, totaling approximately $613,817. Following this transaction, Olson retains 169 shares of HP Inc. stock. The sale was executed under a Rule 10b5-1 trading plan, which was adopted in December 2024. Despite this insider sale, HP has maintained dividend payments for 55 consecutive years and currently offers a 4% dividend yield. For deeper insights into insider trading patterns and comprehensive analysis, check out HP’s detailed research report on InvestingPro.
In other recent news, HP Inc. reported its first-quarter earnings for 2025, with earnings per share (EPS) of $0.74, aligning with analyst expectations, and revenue reaching $13.5 billion, slightly surpassing the anticipated $13.38 billion. Despite meeting these forecasts, Loop Capital Markets adjusted its outlook on HP, lowering the price target from $35.00 to $30.00, while maintaining a Hold rating. The company experienced its third consecutive quarter of year-over-year revenue growth, with the Personal Systems segment showing a 5% increase, driven by strong commercial demand and AI-powered PCs. However, Print revenue dipped by 1%, affected by weaker commercial demand in China, though operating margins remained robust due to disciplined cost management.
HP unveiled new AI-driven products, including over 80 AI-powered PCs and quantum-safe printers, aiming to redefine work and play. The company is also contemplating shifting some manufacturing operations to the United States, amidst tariff threats and a push for domestic investment. CEO Enrique Lores mentioned that this potential move is under evaluation, considering the complexities of coordinating with suppliers and restoring operations domestically. Additionally, HP is optimistic about its Personal Systems segment, expecting it to surpass market growth, and anticipates that AI PC shipments will account for a significant portion of total PC sales by the end of fiscal year 2025.
The company is focusing on AI-driven product innovation and supply chain diversification, with a projection for AI PCs to command a 5-10% average selling price premium over traditional PCs. HP has set a full-year non-GAAP EPS guidance between $3.45 and $3.75 and expects stronger margins in the latter half of the year. The company also aims to reduce reliance on China, with less than 10% of US revenue expected to come from China by the end of FY2025.
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