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UPDATE: Piper Jaffray Upgrades Volterra Semiconductor to Overweight
Tuesday, July 26, 2011 - 7:43am | 164Piper Jaffray is out with its report today on Volterra Semiconductor (NASDAQ: VLTR), upgrading VLTR from Neutral to Overweight. In a note to clients, Piper Jaffray writes, "VLTR reported a strong Q2 and provided in-line EPS guidance for Q3 of $0.29-$0.35 versus consensus of $0.33. We think the...
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Bank of America Merrill Lynch Maintains Buy on Texas Instruments
Tuesday, July 26, 2011 - 7:38am | 116Bank of America Merrill Lynch is out with its report today on Texas Instruments (NYSE: TXN), maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "We rate TXN stock a Buy based on expected market share gains in the attractive analog semiconductor market. With its new fabs,...
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Benzinga's Top Pre-Market Gainers
Tuesday, July 26, 2011 - 7:33am | 105Broadcom Corporation (NASDAQ: BRCM) rose 8.85% to $38.00 in the pre-market session. BRCM issued upbeat Q3 revenue forecast. Lexmark International Inc (NYSE: LXK) added 6.45% to $30.70 in the pre-market session. LXK reported its Q2 non-GAAP EPS of $1.36. Ford Motor Co (NYSE: F) moved up 3.80% to $...
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Benzinga's Top Upgrades
Tuesday, July 26, 2011 - 7:33am | 133Analysts at Robert W. Baird upgraded EastGroup Properties Inc (NYSE: EGP) from “neutral” to “outperform.” EGP's shares closed at $46.25 yesterday. EastGroup Properties' trailing-twelve-month operating margin is 31.14%. Analysts at FBR Capital upgraded Salient MLP And Energy Infrastructure (NYSE:...
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Deutsche Bank Has Hold Rating On Texas Instruments
Tuesday, July 26, 2011 - 7:28am | 123Deutsche Bank is out with a research report on Texas Instruments (NYSE: TXN) after it reported earnings last night, and it has a Hold rating and a $35 price target on shares. In a note to clients, Deutsche Bank writes, "TXN delivered solid 2Q results, but lower than expected 3Q guidance to reflect...
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Jefferies PT Changes 7/26
Tuesday, July 26, 2011 - 7:11am | 203Jefferies & Company has changed the price target on the following companies: Archer-Daniels-Midland (NYSE: ADM) Buy, PT from $44.00 to $40.00 B/E Aerospace (NASDAQ: BEAV) Buy, PT from $44.00 to $48.00 Broadcom (NASDAQ: BRCM) Buy, PT from $41.00 to $46.00 Canadian National Railway (NYSE:...
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US Stock Futures Flat Ahead Of Earnings, Economic Data
Tuesday, July 26, 2011 - 6:23am | 561US stock futures are flat this morning, as investors are awaiting earnings reports and economic data. Futures for the Dow Jones Industrial Average gained 1 point to 12,551.00 and S&P 500 index futures fell 0.50 points to 1,333.00. Nasdaq 100 futures dropped 0.25 points to 2,423.25. US stocks...
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Piper Jaffray Upgrades Volterra Semiconductor To Overweight, Raises PT To $28
Tuesday, July 26, 2011 - 6:07am | 28Piper Jaffray has upgraded Volterra Semiconductor (NASDAQ: VLTR) from Neutral to Overweight and has raised the price target from $25.50 to $28.
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UPDATE: Arm Holdings Reports 21% Surge In Q2 Net Profit
Tuesday, July 26, 2011 - 5:04am | 57Arm Holdings PLC (NASDAQ: ARMH) reported a 21% rise in its Q2 net profit. ARMH's quarterly net profit rose to 26.6 million pounds ($43.4 million).Its revenue climbed 18% to 117.8 million pounds. ARMH's adjusted earnings per share came in at 2.98 pence, versus analysts' estimates of 2.43 pence....
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Benzinga's Top ETF Decliners, July 25th (SOXL, URTY, DRN, XBI)
Monday, July 25, 2011 - 8:10pm | 186Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) fell 3.82% on Monday as Teradyne, Inc. (NYSE: TER) lost 2.52%, and Broadcom Corporation (NASDAQ: BRCM) dropped 1.58%. In the after hours, BRCM spiked 7.62% after posting better than expected earnings. ProShares UltraPro Russell2000 ETF (NYSE...
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Final Countdown... 07-25-2011
Monday, July 25, 2011 - 6:52pm | 906Cusick's Corner Just like the infamous lyrics from the rock band Europe, "we are in the Final Countdown" and we have republicans and democrats making loop de loops while the Fed prepares to miss a payment, and at whose expense? Ours? Washington has one shot to get this right before they form a...
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Texas Instruments Rises on Q2 Earnings Results
Monday, July 25, 2011 - 5:00pm | 180Shares of Texas Instruments (NYSE: TXN) are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 0.67%, trading at $31.68; they ended they regular session lower by 0.98%, at $31.47. Texas Instruments reported Q2 EPS of $0.56...
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Broadcom Jumps on Q2 Earnings Results
Monday, July 25, 2011 - 4:34pm | 160Shares of Broadcom (NASDAQ: BRCM) are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 9.57%, trading at $38.25; they ended they regular session lower by 1.58%, at $34.91. Broadcom reported Q2 EPS of $0.72 on revenues of...
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Mindspeed Acquires IPG Communications; Terms Not Disclosed
Monday, July 25, 2011 - 4:23pm | 289Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that it has acquired substantially all of the assets of privately held IPG Communications, Inc. of San Diego, CA. IPG specialized in advanced signal...
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Broadcom Flying After Earnings
Monday, July 25, 2011 - 4:16pm | 136Broadcom (NASDAQ: BRCM) released its Q2 earnings results on Monday after the closing bell. The company reported adjusted EPS of $0.72 compared to Wall Street consensus EPS estimates of $0.63. Revenues came in at $1.8 billion, which was in line with consensus revenue estimates. Looking ahead, BRCM...