Gardner Lewis Asset Management L P adds QLogic Corporation (QLGC) to its portfolio

QLogic Corporation (QLGC) : Gardner Lewis Asset Management L P added new position in QLogic Corporation during the most recent quarter end. The investment management firm now holds 1,517,414 shares of QLogic Corporation which is valued at $24,339,321 , the company said in a statement filed on Aug 15, 2016 with the SEC.QLogic Corporation makes up approximately 3.49% of Gardner Lewis Asset Management L P’s portfolio.

Other Hedge Funds, Including , Panagora Asset Management Inc sold out all of its stake in QLGC during the most recent quarter. The investment firm sold 200 shares of QLGC which is valued $3,208.Citadel Advisors reduced its stake in QLGC by selling 204,360 shares or 93.41% in the most recent quarter. The Hedge Fund company now holds 14,420 shares of QLGC which is valued at $231,297.State Board Of Administration Of Florida Retirement System reduced its stake in QLGC by selling 713 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 117,911 shares of QLGC which is valued at $1,858,277. QLogic Corporation makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio. Sg Americas Securities added QLGC to its portfolio by purchasing 448,474 company shares during the most recent quarter which is valued at $7,000,679. QLogic Corporation makes up approx 0.05% of Sg Americas Securities’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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