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Jefferies Reiterates Buy on Microchip Technology, Reduces PT to $38
Friday, August 5, 2011 - 6:43am | 47Jefferies reiterated its Buy rating on Microchip Technology (NASDAQ: MCHP). At the same time, the rating agency reduced its price target on the company's stock from $40 to $38. On Wednesday, MCHP lost 3.96% of its value to end the day at $31.77.
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Citigroup Lowers PT On Microchip Technology To $32
Friday, August 5, 2011 - 6:33am | 26Citigroup has lowered the price target on Microchip Technology (NASDAQ: MCHP) from $36 to $32 and maintains its Hold rating.
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Jefferies Lowers PT On Microchip Technology To $38
Friday, August 5, 2011 - 5:55am | 27Jefferies & Company has lowered the price target on Microchip Technology (NASDAQ: MCHP) from $40 to $38 and maintains its Buy rating.
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Mad Money Lightning Round: Cramer Advises Investors Not To Sell Alcoa
Friday, August 5, 2011 - 3:57am | 142On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Triquint Semiconductor (NASDAQ: TQNT) is “levered to cell phones and I do not like tech. I also don't like banks and I don't like health care or defense, either." For SodaStream (NASDAQ: SODA), he said, "The highest growth...
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MIPS Technologies CFO Maury Austin to Retire
Thursday, August 4, 2011 - 4:21pm | 52MIPS Technologies, Inc. (Nasdaq: MIPS) announced today that its Vice President and CFO Maury Austin plans to retire. The company is in the process of searching for a new CFO. Mr. Austin will continue in the role of CFO until a successor is named.
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Options Brief: RF Micro Devices
Thursday, August 4, 2011 - 1:10pm | 71Shares of RF Micro Devices (NASDAQ: RFMD) are lower on the session by 5.34%, trading at $6.38. Overall put volume is now running at 9.30x the daily average, with 90% of all puts traded being purchases on the offer. 7,665 contracts have traded on the session so far. RF Micro Devices, Inc. is...
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Puts Purchased on Analog Devices
Thursday, August 4, 2011 - 11:17am | 110Shares of Analog Devices (NYSE: ADI) are lower on the session by 3.37%, currently trading at $32.37. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago...
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Wednesday's NASDAQ Top Winners: Energy Focus, STARR Surgical, Silicon Image, Global Traffic Network
Thursday, August 4, 2011 - 10:43am | 532investors, reports on top percentage gainers on the NASDAQ for Aug. 03, 2011. In Wednesday's session, Energy Focus was the notable gainer, as the stock soared 45.24%. Energy Focus, Inc. (NASDAQ: EFOI) was the biggest gaineron Nasdaq and soared 0.190 (45.24%) to $0.610. U.S. Rep. Steven C....
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Sterne Agee Reiterates Buy on O2Micro International, Reduces PT to $8
Thursday, August 4, 2011 - 9:28am | 43Sterne Agee reiterated its Buy rating on O2Micro International (NASDAQ: OIIM). At the same time, the rating agency reduced its price target on the company's stock to $8. On Wednesday, OIIM closed the day at $5.17.
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Pre-Market Losers 8/4
Thursday, August 4, 2011 - 9:27am | 97Dendreon (NASDAQ: DNDN) -63.81% on multiple analyst downgrades this morning Entropic Communications (NASDAQ: ENTR) -24.4% on lower earnings and several analyst downgrades this morning. Zumiez (NASDAQ: ZUMZ) -13.28% on lower than expected same store sales increase. Walter Energy (NYSE: WLT) -...
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UPDATE: Wedbush Lowers PT on Atmel to $15
Thursday, August 4, 2011 - 8:53am | 139Wedbush is out with its report today on Atmel (NASDAQ: ATML), lowering its PT from $17 to $15. In its report, Wedbush writes, "Although we maintain our long-term constructive view on Atmel due to its strong position to benefit from the secular tailwind of mobile connectivity, in the near-term, we...
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Lazard Capital Downgrades Entropic Communications to Neutral
Thursday, August 4, 2011 - 8:41am | 61Lazard Capital downgraded its rating on Entropic Communications (NASDAQ: ENTR) from Buy to Neutral. At the moment, the rating agency does not have a price target placed on the company's stock. On Wednesday, ENTR closed the day at $6.68. Its shares are having a disastrous session in today's pre-...
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Jefferies Rating and PT Updates 8/4
Thursday, August 4, 2011 - 8:12am | 1311Jefferies made a number of rating and price target changes in a research report published today. AstraZeneca PLC (NYSE: AZN) had its rating upgraded from Underperform to Hold. On Wednesday, AZN lost 0.34% of its value to finish the day at $47. Its shares continued to slide in today's pre-market...
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Citi Has Buy On ON Semiconductor After Earnings
Thursday, August 4, 2011 - 8:03am | 140Citi Investment Research is out with a research report on ON Semiconductor (NASDAQ: ONNN) and it has a $17 price target on shares and a Buy rating. In a note to clients, Citi Investment Research writes, "ONNN ticked down 4.3% after market, we think because GM missed guidance by 180bps in 2Q and...
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News Summary for August 4, 2011
Thursday, August 4, 2011 - 7:51am | 587This is your Benzinga news summary and traders' outlook for Thursday, August 4, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for a weak morning as traders wait for the jobless claims data. At last check...