Exelixis, Inc. (EXEL): Renaissance Technologies Likes This Stock

Exelixis, Inc. (NASDAQ:EXEL) is different semipermanent holding successful the 13F portfolio of Renaissance Technologies. The money archetypal disclosed a involvement successful the institution backmost successful the archetypal 4th of 2011. This presumption comprised implicit 762,000 shares. By the mediate of 2012, this involvement had been sold disconnected completely. After buying and selling a involvement successful the steadfast 2 much times, the money declared a caller presumption successful the institution successful the 3rd 4th of 2016. Since then, the steadfast has featured consistently successful the portfolio of the fund. Filings for the archetypal 4th of 2026 amusement that the money owned 13.7 cardinal shares successful the firm, down 1% compared to filings for the erstwhile quarter.

Exelixis, Inc. (NASDAQ:EXEL) precocious outperformed Wall Street expectations for the archetypal 4th of 2026, showcasing elite operating leverage. It reported full Q1 2026 gross of $610.8 million, beating statement estimates and representing a 10% year-over-year increase. Non-GAAP diluted EPS landed astatine $0.87, beating the expert statement estimation of $0.77. Driven by well-controlled objective expenses, Q1 non-GAAP nett income surged 30% year-over-year to $232.8 million. The company’s trailing 12-month nett net borderline expanded importantly to 35.1%, up from 28% successful the anterior trailing period.

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