Boothbay Fund Management adds QLogic Corporation (QLGC) to its portfolio

QLogic Corporation (QLGC) : Boothbay Fund Management added new position in QLogic Corporation during the most recent quarter end. The investment management firm now holds 138,700 shares of QLogic Corporation which is valued at $2,224,748 , the company said in a statement filed on Aug 15, 2016 with the SEC.QLogic Corporation makes up approximately 0.96% of Boothbay Fund Management’s portfolio.

Other Hedge Funds, Including , Teachers Retirement System Of The State Of Kentucky reduced its stake in QLGC by selling 12,000 shares or 28.1% in the most recent quarter. The Hedge Fund company now holds 30,700 shares of QLGC which is valued at $492,428. QLogic Corporation makes up approx 0.01% of Teachers Retirement System Of The State Of Kentucky’s portfolio.Pacad Investment Ltd. boosted its stake in QLGC in the latest quarter, The investment management firm added 6,800 additional shares and now holds a total of 23,300 shares of QLogic Corporation which is valued at $373,732. QLogic Corporation makes up approx 0.05% of Pacad Investment Ltd.’s portfolio.Blackrock Investment Management boosted its stake in QLGC in the latest quarter, The investment management firm added 27,902 additional shares and now holds a total of 381,781 shares of QLogic Corporation which is valued at $6,123,767. QLogic Corporation makes up approx 0.01% of Blackrock Investment Management’s portfolio.Louisiana State Employees Retirement System boosted its stake in QLGC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 36,800 shares of QLogic Corporation which is valued at $570,768. QLogic Corporation makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

On the company’s financial health, QLogic Corporation reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.25. The company had revenue of $119.40 million for the quarter, compared to analysts expectations of $116.93 million. The company’s revenue was down -10.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

QLogic Corporation (QLogic) designs and supplies server and storage networking connectivity products that provide and manage computer data communication. These products facilitate the transfer of data and enable resource sharing between servers networks and storage. The Company’s products are used in enterprise managed service provider consumer Web and cloud service provider data centers along with other environments dependent on data networking. It offers products in two categories: Advanced Connectivity Platforms and Legacy Connectivity Products. The advanced Connectivity Platforms consist primarily of adapters and application-specific integrated circuits (ASICs) for server and storage connectivity applications. The legacy Connectivity Products consist primarily of Fiber Channel switch products. The Company’s products are based primarily on Fiber Channel and Ethernet technologies and are used in connection with storage networks local area networks and converged networks.

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