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Goldman Sachs Neutral On Marvell Technology
Tuesday, August 23, 2011 - 7:38am | 110Goldman Sachs is out with a research report on Marvell Technology Group Ltd. (NASDAQ: MRVL) and it has a Neutral rating and a $14 price target on shares. In a note to clients, Goldman Sachs writes, "We believe Marvell is executing well and will likely continue to see a benefit from HDD share gains...
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Oppenheimer Reduces Estimates On Semtech
Tuesday, August 23, 2011 - 7:33am | 60According to Oppenheimer, Semtech (NASDAQ: SMTC) reports 2Q results on Wednesday. Oppenheimer said that it is reducing estimates to better reflect the general slowdown evidenced by SMTC's HPA peers' earnings. “SMTC remains one of the best-run, best-positioned small-cap names in analog semis, but...
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Piper Jaffray Lowers PT On Intel To $21
Tuesday, August 23, 2011 - 5:57am | 27Piper Jaffray has lowered the price target on Intel Corporation (NASDAQ: INTC) from $23 to $21 and maintains its Neutral rating.
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Earnings Scheduled For August 23
Tuesday, August 23, 2011 - 3:23am | 481Williams-Sonoma Inc (NYSE: WSM) is expected to report its Q2 EPS at $0.36 on revenue of $823.97 million. American Woodmark Corporation (NASDAQ: AMWD) is estimated to post a Q1 loss at $0.17 per share on revenue of $116.18 million. La-Z-Boy Incorporated (NYSE: LZB) is projected to report its FQ1...
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MIPS Technologies to Present at Investor Conferences
Monday, August 22, 2011 - 3:19pm | 145MIPS Technologies, Inc. (Nasdaq: MIPS), today announced that its CEO Sandeep Vij and CFO Maury Austin will present at the following investor conferences: Deutsche Bank 2011 Technology Conference, September 13-15, 2011, The Cosmopolitan of Las Vegas Hotel, Las Vegas, Nevada. Sandeep Vij is...
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Starboard Value Delivers Letter to DSP Group; Says Significant Opportunities Exist to Improve Shareholder Value
Monday, August 22, 2011 - 9:36am | 207Starboard Value LP, one of the largest shareholders of DSP Group, Inc. (Nasdaq: DSPG), today announced that it delivered a letter to Ofer Elyakim, DSP Group's Chief Executive Officer, and to the members of the Board of Directors. In the letter, Starboard expressed its belief that DSP Group's...
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Maxim Announces $750 Million Share Repurchase Authorization
Monday, August 22, 2011 - 9:00am | 105Maxim Integrated Products, Inc. (Nasdaq: MXIM) today announced that its Board of Directors has authorized the repurchase of up to $750 million of the Company's Common Stock. All repurchases will be subject to market and economic conditions. The stock repurchase authorization does not have an...
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Piper Jaffray Overweight On Altera
Monday, August 22, 2011 - 7:46am | 181Piper Jaffray is out with a research report on Altera Corporation (NASDAQ: ALTR) and it has an Overweight rating and a $52 price target on shares. In a note to clients, Piper Jaffray writes, "Historically, we have not commented much on market share shift between ALTR and XLNX. We frankly believe...
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Benzinga's Top ETF Decliners, August 19th (ZSL, TYH, TAN, SOXL)
Friday, August 19, 2011 - 8:38pm | 165ProShares UltraShort Silver (ETF) (NYSE: ZSL) traded 9.86% lower on Friday as silver continued its uptrend. ZSL closed at $11.33, and it had a volume of 15.64M traded shares. Direxion Daily Technology Bull 3x Shares (ETF) (NYSE: TYH) fell 8.13% as Hewlett-Packard Company (NYSE: HPQ) slipped 20.03...
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Afternoon Movers; LDK Solar Down on Lower Guidance
Friday, August 19, 2011 - 3:43pm | 89Silicon Graphics International (NASDAQ: SGI) +26.32% on upbeat earnings reported yesterday. LDK Solar Co (NYSE: LDK) -21.61% on lower revenue guidance that was announced yesterday. Barnes & Noble, Inc. (NYSE: BKS) -17.37% after Liberty Media decides to invest in the company instead of...
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Zoran Receives Ruling From Israeli Tax Authority Regarding Israeli Tax Withholding on Merger Consideration in CSR Transaction
Friday, August 19, 2011 - 3:24pm | 172Zoran Corporation (NASDAQ: ZRAN) has received a tax ruling from the Israeli Tax Authority with respect to the application of Israeli tax withholding to the consideration payable to Zoran stockholders in the proposed merger of Zoran with CSR plc. In general, Zoran stockholders that hold 5% or less...
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Sterne Agee Reiterates Cree Buy, Maintains PT
Friday, August 19, 2011 - 2:32pm | 43Sterne Agee reiterated its Cree (NASDAQ: CREE) Buy rating and maintained its Cree price target in a research report published today. At last check, shares of Cree were trading at $30.47, down 2.50% from Thursday's market close.
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iPad 3 in Early 2012, World Domination Forever?
Friday, August 19, 2011 - 11:35am | 901We have heard the countless iPad 3 rumors, but it looks like we finally have a concrete date for the next tablet from Apple (NASDAQ: AAPL). The Wall Street Journal is reporting Steve Jobs and the rest of his team in Cupertino, Calif. are planning to launch the third version of the iPad in early...
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Morning Gainers; Miners Gaining After Gold Hits All-time Highs
Friday, August 19, 2011 - 11:13am | 129Ann Inc (NYSE: ANN) +12.97 on upbeat Q2 earnings. Intuit Inc. (NASDAQ: INTU) +11.87 on upbeat Q4 earnigs that were reported yesterday. Mentor Graphics Corporation (NASDAQ: MENT) +10.68% on upbeat Q2 earnings and Q3 guidance. Marvell Technology (NASDAQ: MRVL) +10.36% on upbeat Q2...
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Morgan Stanley Lowers PT on Cree to $38
Friday, August 19, 2011 - 9:25am | 125Morgan Stanley is out with its report today on Cree (NASDAQ: CREE), lowering its PT to $38 from $40. In its report, Morgan Stanley writes, "Cree's acquisition of Ruud Lighting raises questions: Is Ruud the right partner? Is North American outdoor lighting the right focus market? Did Cree overpay?...