Tuya Inc. (NYSE:TUYA) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its position in shares of Tuya Inc. (NYSE:TUYA - Free Report) by 108.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 423,721 shares of the company's stock after acquiring an additional 220,056 shares during the period. Northern Trust Corp owned 0.08% of Tuya worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boothbay Fund Management LLC increased its stake in Tuya by 46.0% during the 4th quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock valued at $36,000 after purchasing an additional 6,300 shares in the last quarter. Sei Investments Co. grew its position in Tuya by 37.5% during the fourth quarter. Sei Investments Co. now owns 58,726 shares of the company's stock valued at $105,000 after buying an additional 16,010 shares during the period. Catalina Capital Group LLC purchased a new position in Tuya during the fourth quarter valued at $29,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Tuya by 157.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock valued at $52,000 after purchasing an additional 17,877 shares in the last quarter. Finally, Diametric Capital LP lifted its holdings in Tuya by 12.6% during the fourth quarter. Diametric Capital LP now owns 160,853 shares of the company's stock valued at $288,000 after purchasing an additional 17,990 shares in the last quarter. Hedge funds and other institutional investors own 11.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Tuya from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

Tuya Trading Down 6.7%

Tuya stock traded down $0.18 during midday trading on Friday, hitting $2.43. 3,578,925 shares of the stock were exchanged, compared to its average volume of 1,853,060. Tuya Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $4.63. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -80.83 and a beta of 0.46. The stock's 50-day simple moving average is $2.43 and its 200 day simple moving average is $2.46.

Tuya (NYSE:TUYA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The business had revenue of $74.69 million during the quarter, compared to analysts' expectations of $73.20 million.

Tuya Dividend Announcement

The company also recently declared a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 13th were paid a $0.0608 dividend. The ex-dividend date was Thursday, March 13th. This represents a yield of 6.1%. Tuya's dividend payout ratio is currently 100.00%.

Tuya Profile

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.