-
UPDATE: Evercore Partners Lowers PT on Volterra Semiconductor
Wednesday, August 24, 2011 - 9:03am | 82Evercore Partners has published a research report on Volterra Semiconductors (NASDAQ: VLTR) lowering the price target. In the report, Evercore Partners wrote, "We now model a $2mn push-out from 4Q11 to 1Q12 and expect server revenues to peak in 3Q12 rather than 2Q12. Our lower estimates also...
-
Maxim Group Lowers Price Target On Trina Solar To $22
Wednesday, August 24, 2011 - 8:55am | 60According to Maxim Group, Trina Solar (NYSE: TSL) price target is lowered to $22. Maxim Group said that while shipments of 396 MW (+24%) were in line, revenue of $580m trailed the Street at $599m on lower ASPs of $1.46, below peers at ~$1.59. “Maintaining Buy Rating but Lowering PT to $22, from $...
-
Collins Stewart Maintains Buy on Volterra Semiconductor
Wednesday, August 24, 2011 - 8:50am | 94Collins Stewart is out with its report today on Volterra Semiconductor (NASDAQ: VLTR), maintaining Buy. In its report, Collins Stewart writes, "Following Inphi's negative preannouncement last night, we are lowering our forward estimates on VLTR reflecting a delay in the ramp of Intel's Romley (...
-
Wedbush Lowers Price Target On OmniVision Technologies To $38
Wednesday, August 24, 2011 - 8:44am | 109According to Wedbush, OmniVision Technologies (NASDAQ: OVTI) price target is lowered to $38. Wedbush said that it reiterates its OUTPERFORM rating on OmniVision (OVTI), and it is reducing its PT to $38 from $45 largely on multiple compression and a modest change to the estimates ahead of the...
-
Citi Has Buy On Trina Solar
Wednesday, August 24, 2011 - 8:28am | 165Citi Investment Research is out with a research report on Trina Solar (NYSE: TSL) and it has a Buy rating and a $25 price target on shares. In a note to clients, Citi Investment Research writes, "TSL had pre-announced earlier this month, and Q2:11 results were largely inline with our expectations...
-
Maxim Group Lowers PT On Trina Solar To $22
Wednesday, August 24, 2011 - 8:25am | 27Maxim Group has lowered the price target on Trina Solar (NYSE: TSL) from $26 to $22 and maintains its Buy rating.
-
Benzinga's Top Pre-Market Losers
Wednesday, August 24, 2011 - 7:48am | 111Starbucks Corporation (NASDAQ: SBUX) fell 4.55% to $35.06 in the pre-market trading. SBUX shares have surged 60.96% over the past 52 weeks, while the S&P 500 index has gained 10.50% in the same period. Oracle Corporation (NASDAQ: ORCL) dipped 1.64% to $25.77 in the pre-market session. Oracle...
-
Goldman Sachs Maintains Sell on Micron Technology
Wednesday, August 24, 2011 - 7:48am | 96Goldman Sachs is out with its report today on Micron Technology (NYSE: MU), maintaining Sell. In its report, Goldman Sachs writes, "We maintain our Sell rating. We expect Micron to generate losses in 2H11 driven by weak DRAM ASPs, and our CY2012E EPS is more than 50% below the Street. We would...
-
Financial Breakfast for August 24, 2011
Wednesday, August 24, 2011 - 7:42am | 521This is your Benzinga news summary and traders' outlook for Wednesday, August 24, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading lower. At last check, Dow futures are down about 75 points and the U.S...
-
Piper Jaffray Upgrades Trina Solar To Overweight, Lowers PT To $19
Wednesday, August 24, 2011 - 7:25am | 28Piper Jaffray has upgraded Trina Solar (NYSE: TSL) from Neutral to Overweight and has lowered the price target from $27 to $19.
-
Wedbush Lowers PT on OmniVision Technologies To $38
Wednesday, August 24, 2011 - 7:11am | 27Wedbush Securities has lowered the price target on OmniVision Technologies (NASDAQ: OVTI) from $45 to $38 and maintains its Outperform rating.
-
Evercore Partners Lowers PT on Volterra Semiconductor To $21
Wednesday, August 24, 2011 - 6:38am | 27Evercore Partners has lowered the price target on Volterra Semiconductor (NASDAQ: VLTR) from $24 to $21 and maintains its Equal-weight rating.
-
Earnings Scheduled For August 24
Wednesday, August 24, 2011 - 4:14am | 362Applied Materials Inc (NASDAQ: AMAT) is expected to report its Q3 EPS at $0.33 on revenue of $2.68 billion. Collective Brands Inc (NYSE: PSS) is projected to report its Q2 EPS at $0.14 on revenue of $868.02 million. American Eagle Outfitters Inc (NYSE: AEO) is estimated to report its Q2 EPS at $0...
-
Benzinga's Top ETF Decliners, August 23rd (SOXS, ERY, FSG, SQQQ)
Tuesday, August 23, 2011 - 7:29pm | 195Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) led the decliners among the ETFs on Tuesday, with a 15.59% loss. SOXS closed at $90.25, and it had a volume of 90K traded shares. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) fell 13.70%, and closed at $18.45. In the energy space,...
-
Benzinga's Top ETF Gainers, August 23rd (SOXL, TNA, ERX, TQQQ)
Tuesday, August 23, 2011 - 7:10pm | 179Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) traded 15.30% higher on Tuesday as NVIDIA Corporation (NASDAQ: NVDA) spiked 10.80%, and Advanced Micro Devices, Inc. (NYSE: AMD) gained 7.44%. Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) traded higher today, along with the...