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ARM Holdings Showing Strength Today
Monday, June 13, 2011 - 9:48am | 75ARM Holdings plc (NASDAQ: ARMH) shares are up sharply today, gaining 67 cents to $28.46, a gain of 2.4% as the broader equity markets are showing early morning strength on a series of mergers announced. ARM Holdings plc designs microprocessors, physical intellectual property (IP), and related...
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Deutsche Bank Reiterates Buy Rating On Intel
Monday, June 13, 2011 - 8:18am | 98According to Deutsche Bank, Intel (NASDAQ: INTC) Buy rating is reiterated. Deutsche Bank said that it believes investors are too quick to dismiss Intel's manufacturing muscle. “By our est Intel grew units +75% from 2005 to 2010 while direct MPU costs were flat. This led to GM rising as - 40% MPU...
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Benzinga's Top Downgrades
Monday, June 13, 2011 - 8:18am | 129Analysts at Robert W. Baird downgraded Fairchild Semiconductor International Inc. (NYSE: FCS) from “outperform” to “neutral.” FCS's shares closed at $16.69 on Friday. FCS' trailing-twelve-month ROA is 7.45%. Analysts at Wunderlich Securities downgraded Nokia Corp (NYSE: NOK) from “buy” to “hold.”...
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Benzinga's Top Pre-Market NASDAQ Gainers
Monday, June 13, 2011 - 8:10am | 150Ness Technologies Inc (NASDAQ: NSTC) shares advanced 12.72% to $7.53 in the pre-market session. NSTC agreed to be purchased by an affiliate of Citigroup Inc's (NYSE: C) venture capital arm for $307 million in cash. A123 Systems Inc (NASDAQ: AONE) shares advanced 7.96% to $4.88 in the pre-market...
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A Peek Into The Market Before The Trading Starts
Monday, June 13, 2011 - 7:38am | 363Pre-open movers US stock futures are higher this morning. Futures on the Dow Jones Industrial Average gained 43 points to 11,916.00 and futures on the S&P 500 stock index rose 4.20 points to 1,268.70. Nasdaq 100 futures gained 5.00 points to 2,222.75. A Peek Into Global Markets Asian...
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Options Brief: Atmel Corporation
Friday, June 10, 2011 - 12:31pm | 77Shares of Atmel Corporation (NASDAQ: ATML) are lower on the session by 3.06%, trading at $13.31. Overall call volume is now running at 2.33x the daily average, with 33% of all calls traded being purchases on the offer. 5,534 contracts have traded on the session so far. Atmel Corporation is...
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8 Stocks With Significant Insider Buying
Friday, June 10, 2011 - 12:07pm | 556Insider Monkey provides free insider trading and hedge fund holdings data. We believe insiders have an edge over other investors because insiders know more about their companies than do outsiders. That's why insiders aren't allowed to trade based on material non-public information. Most insiders...
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Diodes Incorporated Falling over 12% on the Session after Updating Guidance
Friday, June 10, 2011 - 11:08am | 89Diodes Incorporated (Nasdaq: DIOD) today updated its guidance for the second quarter of 2011. The Company is maintaining its revenue guidance for the second quarter of 2011 as it anticipates revenue to range between $170 million and $178 million, an increase of 5 to 10 percent sequentially. The...
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Options Brief: Trina Solar Limited
Friday, June 10, 2011 - 10:55am | 75Shares of Trina Solar Limited (NYSE: TSL) are lower on the session by 1.98%, trading at $18.79. Overall put volume is now running at 2.57x the daily average, with 40% of all puts traded being purchases on the offer. 6,235 contracts have traded on the session so far. Trina Solar Limited is an...
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UPDATE: Wells Fargo Upgrades Micron Technology to Outperform
Friday, June 10, 2011 - 9:44am | 80Wells Fargo is out with its report today on Micron Technology (NYSE: MU), upgrading MU to Outperform. In a note to clients, Wells Fargo writes, "We are upgrading Micron to Outperform from Market Perform. Our valuation range of $10-12, based on 10-12x our FY2012 EPS estimate of $1.01, implies good...
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News Summary
Friday, June 10, 2011 - 9:37am | 263Shares of Toyota Motor Corp (NYSE: TM) dropped about 0.9% after the company projects operating profit for the business year to drop 35% to 300 billion yen ($3.7 billion). However, analysts expected 434 billion yen operating profit for the year. Toyota's operating profit in the year to March 2011...
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Wells Fargo Upgrades Micron Technology To Outperform
Friday, June 10, 2011 - 8:33am | 21Wells Fargo has upgraded Micron Technology (NASDAQ: MU) from Market Perform to Outperform.
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Benzinga's Top Pre-Market NASDAQ Gainers
Friday, June 10, 2011 - 8:13am | 119Verigy Ltd (NASDAQ: VRGY) shares advanced 10.60% to $14.92 in the pre-market session. VRGY.'s trailing-twelve-month revenue is $553.00 million. Lululemon Athletica Inc (NASDAQ: LULU) shares advanced 5.87% to $91.20 in the pre-market session. LULU reported better-than-expected Q1 results and issued...
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Deutsche Bank Reports Strong F4Q Results On National Semiconductor
Friday, June 10, 2011 - 7:52am | 79According to Deutsche Bank, National Semiconductor (NYSE: NSM) saw solid F4Q11 results. Deutsche Bank said that NSM reported solid F4Q results, beating DB and the Street on both revenue and EPS. “Our $25 P/T is based on 22x our CY11 EPS estimate of $1.15. This target multiple is above the analog...
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J.P. Morgan Raises PT On NSM To $25
Friday, June 10, 2011 - 7:11am | 111J.P. Morgan, citing strong F4Q11 results from the company, is raising its price target on National Semiconductor (NYSE: NSM) from $15 to $25. Says J.P. Morgan, in its report, “Yesterday after the close, National reported solid F4Q11 results but did not provide specific F1Q12 guidance due to the...