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Benchmark Terminates Atheros Communications Coverage
Thursday, May 26, 2011 - 7:05am | 33Benchmark is terminating its coverage of Atheros Communications (NASDAQ: ATHR) following its acquisition by Qualcomm (NASDAQ: QCOM).
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Citi Reiterates Buy on Semtech, Increases PT to $35
Thursday, May 26, 2011 - 6:40am | 173Citi reiterated its Buy rating on Semtech (NASDAQ: SMTC). At the same time, Citi raised its price target on the company from $31 to $35. In a research report published today, Citi stressed its optimism about the company as its Q1 results and Q2 guidance managed to beat market expectations. In the...
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US Stock Futures Up As Investors Await Jobless Claims, GDP Data
Thursday, May 26, 2011 - 6:16am | 568US stock futures are higher this morning, as investors are awaiting data on jobless claims and first-quarter economic growth. Futures on the Dow Jones Industrial Average surged 29 points to 12,380.00 and futures on the S&P 500 stock index rose 2.70 points to 1,319.30. Nasdaq 100 futures gained...
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Citi Raises Semtech Target from $30 to $31
Thursday, May 26, 2011 - 6:11am | 21Citi is raising its PT on shares of Semtech (NASDAQ: SMTC) from $30 to $31.
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Morgan Keegan Raises Semtech PT from $31.50 to $33
Thursday, May 26, 2011 - 5:56am | 23Morgan Keegan is raising its PT on shares of Semtech Corp. (NASDAQ: SMTC) from $31.50 to $33.00.
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Earnings Scheduled For May 26
Thursday, May 26, 2011 - 12:45am | 491Big Lots Inc (NYSE: BIG) is projected to report its Q1 earnings at $0.69 per share on revenue of $1.23 billion. Fred's Inc (NASDAQ: FRED) is expected to post its Q1 EPS at $0.24 on revenue of $485.05 million. Tiffany & Co (NYSE: TIF) is projected to report its Q1 EPS at $0.57 on revenue of $...
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Stocks To Watch For May 26
Thursday, May 26, 2011 - 12:13am | 293Some of the stocks that may grab investor focus today are: Wall Street expects Tiffany & Co (NYSE: TIF) to report its Q1 EPS at $0.57 on revenue of $703.32 million. TIF shares surged 4.23% to $73.00 in after-hours trading. Guess? Inc (NYSE: GES) reported upbeat results for its fiscal first-...
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Chanos vs. China?
Wednesday, May 25, 2011 - 10:36pm | 2099Svea Herbst-Bayliss and Matthew Goldstein of Reuters report, Top hedge fund chiefs: short green tech, store gems: Bet against solar energy, says famed short seller James Chanos. Squirrel away gems, advises bond guru Jeffrey Gundlach. Go long on discount retailer Family Dollar, counsels...
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Calls Purchased on Advanced Micro Devices
Wednesday, May 25, 2011 - 2:12pm | 135Shares of Advanced Micro Devices (NYSE: AMD) are higher on the session by 0.48%, currently trading at $8.43. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short...
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Micron Technology Continues To Fall; Buying Opportunity?
Wednesday, May 25, 2011 - 12:21pm | 139Shares of semiconductor device maker Micron Technology (NYSE: MU) have had a miserable month, and the stock continues to fall on Wednesday. Over the last 3 months, MU has lost 16.39%, including 15.58% in the last month and around 5% in just the last 5 trading days. Furthermore, the stock has fallen...
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Volterra Announces Favorable Rulings: Court Determines That Infineon Infringed Volterra Patents, Jury Unanimously Upholds Validity of Volterra Patents
Wednesday, May 25, 2011 - 12:01pm | 100Volterra Semiconductor Corporation (Nasdaq: VLTR) today announced recent favorable rulings in its patent infringement lawsuit against Infineon Technologies AG and its subsidiaries Infineon Technologies N.A. and Primarion, Inc. On May 23, 2011, the United States District Court granted pre-verdict...
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Options Brief: NetLogic Microsystems, Inc.
Wednesday, May 25, 2011 - 10:26am | 95Shares of NetLogic Microsystems, Inc. (NASDAQ: NETL) are lower on the session by 2.24%, trading at $33.54. Overall call volume is now running at 2.95x the daily average, with 42% of all calls traded being purchases on the offer. 4,823 contracts have traded on the session so far. NetLogic...
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Citadel Maintains Add on Intel
Wednesday, May 25, 2011 - 9:20am | 184Citadel is out with its report today on Intel (NASDAQ: INTC). maintaining Add. In a note to clients, Citadel writes, "While the fate of the Intel's discrete application processors is unlikely to matter much to the stock in the near term, we think the opposite is true of Intel's total handset...
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Morgan Keegan Reiterates Market Perform on OmniVision Technologies
Wednesday, May 25, 2011 - 8:29am | 99Morgan Keegan is out with its report today on OmniVision Technologies (NASDAQ: OVTI), reiterating Market Perform. In a note to clients, Morgan Keegan writes, "We continue to believe the risk/reward ratio is unfavorable given the increased competition and high dependence on Apple products, which...
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Wedbush Raises PT On OmniVision To $45
Wednesday, May 25, 2011 - 8:24am | 27Wedbush Securities has raised the price target on Omnivision Technologies (NASDAQ: OVTI) from $44 to $45 and maintains its Outperform rating.