Firsthand Technology Value Fund Inc Stock Price, News & Analysis

Firsthand Technology Value Fund (NASDAQ: SVVC) reported third-quarter financial results for the period ending September 30, 2020. The Fund's net assets decreased to approximately $95.2 million, or $13.81 per share, compared to $101.3 million or $14.70 per share at the end of Q2 2020. Portfolio values included approximately $93.2 million in public and private securities. The Fund reported $1.1 million in investment income and net investment income of approximately $262,000, but faced net realized and unrealized losses of around $6.4 million.

Firsthand Technology Value Fund (NASDAQ: SVVC) announced a preliminary net asset value (NAV) of $13.81 as of September 30, 2020. The Fund's top five holdings are Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR, which collectively constitute 87.3% of the Fund's net assets. Total investments reached $95.5 million, approximately $13.85 per share. The complete financial statements and investment details will be disclosed in the upcoming 10-Q report in November 2020.

Firsthand Technology Value Fund (NASDAQ: SVVC) disclosed its top five holdings as of August 31, 2020, which include Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. These holdings constituted 88.3% of the Fund’s estimated total investments, valued at approximately $94 million, or $13.70 per share. Pivotal Systems accounted for 36.8% of the total investments, while IntraOp Medical and Wrightspeed made up 24.2% and 15.1%, respectively. The Fund plans to release its quarterly report on Form 10-Q in November 2020.

Firsthand Technology Value Fund (NASDAQ: SVVC) disclosed its top five holdings as of July 31, 2020, which include Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. The total investments of the Fund are approximately $99 million or $14.40 per share, with cash equivalents around $0.45 per share. The top five holdings account for 87.2% of total investments, highlighting concentrated exposure to these companies. A detailed financial report is expected in November 2020.

Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) reported its financial results for Q2 2020, with net assets increasing to approximately $101.3 million or $14.70 per share, up from $79.8 million or $11.58 per share at the end of Q1. The Fund’s portfolio, valued at approximately $101.4 million, included significant investment income of approximately $922 thousand and a net realized/unrealized gain of $21.3 million for the quarter. The Fund emphasizes ongoing portfolio management to enhance performance and identify exit opportunities.

As of June 30, 2020, Firsthand Technology Value Fund (NASDAQ: SVVC) reported a preliminary net asset value (NAV) of $14.70 per share and total investments of $102.0 million. The top five holdings amounted to 90.7% of the Fund's NAV, with Pivotal Systems representing 39.6%, followed by IntraOp Medical at 21.3%. The Fund plans to disclose complete financial statements in its upcoming Form 10-Q filing in August 2020. This Fund focuses on investing in technology and cleantech companies.

Firsthand Technology Value Fund (NASDAQ: SVVC) announced its 2020 Annual Meeting of Stockholders will be virtual on July 2, 2020, at 2:00 PM Pacific Time, due to COVID-19 health concerns. Stockholders as of March 13, 2020, can attend and vote online using a control number from their proxy card. Those holding shares through intermediaries must register in advance by submitting a legal proxy. The Fund focuses on long-term capital growth by investing primarily in technology and cleantech companies. For more information, visit www.firsthandtvf.com.

Firsthand Technology Value Fund (NASDAQ: SVVC) announced its top five holdings as of May 31, 2020, comprising Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. The total estimated investments reached approximately $94 million, equating to $13.70 per share, with the top five holdings representing 88.3% of this total. Notably, Pivotal Systems accounted for about 39.1%, while IntraOp Medical and Wrightspeed made up 15.1% and 14.2%, respectively. A detailed financial report will be released in August 2020.

As of April 30, 2020, Firsthand Technology Value Fund (NASDAQ: SVVC) reported its top five holdings, namely Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR, amounting to 88% of total investments estimated at $91 million, or $13.25 per share. The Fund's largest investment is in Pivotal Systems, representing 40.8% of total investments. The quarterly report, including detailed financial statements, will be available in August 2020. The Fund's investment strategy focuses on long-term capital growth, primarily in technology and cleantech sectors.