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UPDATE: MicroVision Signs Agreement with Intel to Expand SHOWWX+ Distribution
Thursday, July 28, 2011 - 9:04am | 132MicroVision (NASDAQ: MVIS) today announced an agreement with Intel (NASDAQ: INTC) to distribute and resell its SHOWWX family of laser pico projectors through Intel's U.S. distribution channels. The agreement enables Intel's small and mid-size business and education customers to gain access to one...
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FBR Reiterates Outperform on LSI, Raises PT to $10
Thursday, July 28, 2011 - 8:59am | 52FBR reiterated its Outperform rating on LSI (NYSE: LSI). At the same time, the rating agency raised its price target on the company's stock from $9 to $10. On Wednesday, LSI closed the day at $6.44. Its shares skyrocketed in today's pre-market trading, rising 11.8% to stand around $7.20.
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Ramtron Prices Public Offering of 4.75M Shares at $2.00
Thursday, July 28, 2011 - 8:36am | 137Ramtron International Corporation (NASDAQ: RMTR) today announced the pricing of an underwritten public offering of 4,750,000 shares of its common stock at a price to the public of $2.00 per share, for initial gross offering proceeds of $9.5 million. Ramtron also granted to the underwriters a 30-day...
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UPDATE: J.P. Morgan Lowers PT on Linear Technology to $31.50
Thursday, July 28, 2011 - 8:33am | 99J.P. Morgan is out with its report today on Linear Technology (NASDAQ: LLTC), lowering its PT from $34.50 to $31.50. In a note to clients, J.P. Morgan writes, "LLTC is trading at 13.3X our new C12 EPS estimate, only slightly below the S&P multiple of 14.0X. We are reiterating our Neutral...
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Deutsche Bank Drops PT To $15 On ISIL
Thursday, July 28, 2011 - 8:24am | 125Deutsche Bank, citing guidance into 3Q11, is lowering its price target from $17 to $15 on Intersil (NASDAQ: ISIL), In the report, Deutsche Bank writes, “Intersil delivered solid 2Q11 results but 3Q11 guidance is well below DB/Street pointing to more cautious view by customers ahead of 2H11....
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JP Morgan Raises PT On LSI Corporation To $8.50
Thursday, July 28, 2011 - 8:23am | 27JP Morgan has raised the price target on LSI Corporation (NYSE: LSI) from $8 to $8.50 and maintains its Neutral rating.
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Deutsche Bank Provides Color on Maxim Integrated
Thursday, July 28, 2011 - 8:06am | 161Deutsche Bank provided color on Maxim Integrated (NASDAQ: MXIM). In a research report published today, the rating agency commented on the company's Q2 results, which are due to be published later today after the markets close. In the report, Deutsche Bank states, “MXIM guided F4Q sales in the $610...
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Benzinga's Top Pre-Market Gainers
Thursday, July 28, 2011 - 7:48am | 115LSI Corporation (NYSE: LSI) rose 8.70% to $7.00 in the pre-market session. LSI reported upbeat Q2 earnings. Polo Ralph Lauren Corporation (NYSE: RL) added 3.72% to $137.98 in the pre-market session. RL is scheduled to report its Q1 results on August 10, 2011. Cisco Systems Inc (NASDAQ: CSCO)...
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Deutsche Bank Lowers PT On Intersil To $15
Thursday, July 28, 2011 - 7:02am | 26Deutsche Bank has lowered the price target on Intersil (NASDAQ: ISIL) from $17 to $15 and maintains its Buy rating.
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Stocks to Watch for Thursday 7/28/2011: Fresh 52 Week Highs and Lows
Thursday, July 28, 2011 - 2:37am | 3403Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more clearly defined. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to...
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Benzinga's Top ETF Decliners, July 27th (SOXL, TYH, URTY, DRN)
Wednesday, July 27, 2011 - 6:37pm | 188Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) led the decliners among the ETFs on Wednesday, with a loss of 10.95%. In the semiconductor space, MEMC Electronic Materials, Inc. (NYSE: WFR) lost 6.20%, and Analog Devices, Inc. (NYSE: ADI) fell 5.27%. Direxion Daily Technology Bull 3x...
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Benzinga's Top ETF Gainers, July 27th (TVIX, SOXS, TZA, DRV)
Wednesday, July 27, 2011 - 6:20pm | 187VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) spiked 11.52% in the regular trading session on Wednesday, and it added 2.05% in the regular trading session. Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) gained 10.97% as Analog Devices, Inc. (NYSE: ADI) dropped 5.27%, and MEMC...
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Options Brief: ON Semiconductor
Wednesday, July 27, 2011 - 12:12pm | 74Shares of ON Semiconductor (NASDAQ: ONNN) are lower on the session by 2.91%, trading at $9.02. Overall call volume is now running at 2.92x the daily average, with 78% of all calls traded being purchases on the offer. 2,059 contracts have traded on the session so far. ON Semiconductor Corporation...
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TI Shipped Over 30M Units of Powerstack
Wednesday, July 27, 2011 - 10:04am | 38Texas Instruments Incorporated (NYSE: TXN) has shipped more than 30 million units of its PowerStack packaging technology , which significantly boosts performance, lowers power and improves chip densities in power management devices.
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UPDATE: Lazard Capital Lowers PT on Supertex to $25
Wednesday, July 27, 2011 - 9:42am | 139Lazard Capital is out with its report today on Supertex (NASDAQ: SUPX), lowering its PT from $28 to $25. In a note to clients, Lazard Capital writes, "Despite the recent performance, we recommend SUPX for deep value small cap investors for the following reasons: 1) the remainder of the buyback in...