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UPDATE: J.P. Morgan Color On NATI
Tuesday, February 22, 2011 - 8:27am | 187J.P. Morgan, which lowered its PT on shares of National Instruments Corporation (NASDAQ: NATI), is providing some color on the company. “We are adjusting our model for the 3-for-2 stock split,” J.P. Morgan writes. “Given the split, our revised diluted shares outstanding estimate for the March...
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Piper Jaffray Maintains Dolby Overweight, $75 PT (DLB)
Tuesday, February 22, 2011 - 8:11am | 94Piper Jaffray maintained its Dolby Laboratories (NYSE: DLB) Overweight rating and $75 price target in a research report published today. In the report, Piper Jaffray states, "Industry data q/q growth is tracking below historical norms by 3 percentage points, but we are modeling for Dolby's...
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JP Morgan Lowers PT On National Instruments To $36.50
Tuesday, February 22, 2011 - 8:00am | 27JP Morgan has lowered the price target on National Instruments (NASDAQ: NATI) from $45 to $36.50 and maintains its Overweight rating.
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Checkpoint Systems reports Q4 EPS of $0.36 vs. $0.40
Tuesday, February 22, 2011 - 7:34am | 129Checkpoint Systems, Inc. (NYSE: CKP) today reported financial results for the fourth quarter and full year ended December 26, 2010. Net revenues for the fourth quarter of 2010 were $235.5 million compared to net revenues for the fourth quarter of 2009 of $237.8 million. Net earnings attributable...
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GSI Group Inc. Announces Release of Shares Held in Escrow
Friday, February 18, 2011 - 10:35am | 173GSI Group Inc. (Nasdaq: GSIG) today that the United States District Court for the District of Massachusetts has entered an order granting final approval of the previously announced settlement in the putative shareholder class action entitled Wiltold Trzeciakowski, Individually and on behalf of all...
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Advanced Photonix States That Its Policy Is Not to Comment on Unusual Market Activity
Friday, February 18, 2011 - 9:55am | 54In view of the unusual market activity in the common stock of Advanced Photonix on February 17, 2011 (NYSE: API), the NYSE has contacted the company in accordance with its usual practice. The company stated that it is our company policy not to comment on unusual market activity.
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MOCON Increases Quarterly Dividend by 5% to $0.10
Friday, February 18, 2011 - 7:43am | 57MOCON, Inc. (NASDAQ: MOCO) announced today that on February 17, 2011, its Board of Directors declared a quarterly cash dividend of ten cents ($0.10) per share, payable on May 20, 2011, to shareholders of record on May 6, 2011. This is a five percent increase over the previous rate of nine and one-...
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IntriCon Reports Q4 EPS of $(0.03)
Thursday, February 17, 2011 - 4:15pm | 97IntriCon Corporation (NASDAQ: IIN) today announced financial results for its fourth quarter and year ended December 31, 2010. For the fourth quarter, the company reported net sales of $14.5 million, an increase of 2 percent from net sales of $14.2 million for the prior-year period. The company...
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Wedbush Upgrades Itron to Outperform
Thursday, February 17, 2011 - 12:31pm | 17Wedbush upgrades Itron (NASDAQ: ITRI) from Neutral to Outperform.
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J.P Morgan Comments On Itron Following Disappointing Guidance; Lowers PT
Thursday, February 17, 2011 - 8:47am | 173Itron (NASDAQ: ITRI) reported 4Q results that approximately aligned with expectations adjusting for one-time items, but this was not a clean quarter and ITRI will probably not get credit for a record year with PF EPS up 88% on 34% sales growth. Guidance for 2011 captures consensus EPS expectations...
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Wunderlich Securities Reiterates Itron Hold, $63 PT (ITRI)
Thursday, February 17, 2011 - 8:28am | 143Wunderlich Securities reiterated its Itron (NASDAQ: ITRI) Hold rating and $63 price target in a research report published today. In the report, Wunderlich Securities states, "We believe revenue growth for Itron, Inc. (ITRI) has peaked in the near term and that, barring a significant uptick in...
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Benzinga's Top Downgrades (NTAP, DWA, ITRI, GENZ)
Thursday, February 17, 2011 - 8:24am | 128NetApp Inc (NASDAQ: NTAP) was downgraded by Citigroup from "buy" to "hold." NTAP's shares closed at $58.54 yesterday. NetApp's PEG ratio is 1.66. Stifel Nicolaus downgraded Dreamworks Animation SKG Inc (NASDAQ: DWA) from "hold" to "sell." DWA's shares closed at $29.10 yesterday. DWA's PEG ratio is...
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JP Morgan Lowers PT On Itron To $80
Thursday, February 17, 2011 - 7:57am | 27JP Morgan has lowered the price target on Itron, Inc. (NASDAQ: ITRI) from $95 to $80 and maintains its Overweight rating.
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L-1 Identity Solutions Completes the Sale of Intelligence Services Businesses to BAE Systems
Tuesday, February 15, 2011 - 3:01pm | 70L-1 Identity Solutions, Inc. (NYSE: ID) today announced the completion of the sale of the L-1 intelligence services businesses (SpecTal, LLC, Advanced Concepts, Inc. and McClendon, LLC) to BAE Systems, Inc. (BAESY). As previously announced, the purchase price includes $295.8 million in cash and...
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Vishay Precision Group Reports Q4 EPS of $0.24
Tuesday, February 15, 2011 - 9:03am | 100Vishay Precision Group, Inc. (NYSE: VPG) today announced results for the fourth quarter ended December 31, 2010. VPG was spun-off from Vishay Intertechnology (NYSE: VSH) as an independent publicly traded company on July 6, 2010 and began trading on the New York Stock Exchange on July 7, 2010....