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Jefferies Initiates ON Semiconductor At Hold, $10.50 PT
Tuesday, July 19, 2011 - 6:30am | 25Jefferies & Company has initiated coverage on ON Semiconductor (NASDAQ: ONNN) with a Hold rating and $10.50 price target.
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Earnings Scheduled For July 19
Tuesday, July 19, 2011 - 3:20am | 474Harley-Davidson Inc (NYSE: HOG) is projected to report its Q2 EPS at $0.71 on revenue of $1.26 billion. Yahoo! Inc (NASDAQ: YHOO) is projected to report its Q2 earnings at $0.18 per share on revenue of $1.11 billion. Bank of America Corporation (NYSE: BAC) is expected to post a Q2 loss at $0.90...
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Benzinga's Top ETF Decliners, July 18th (ZSL, TNA, SOXL, FAS)
Monday, July 18, 2011 - 7:17pm | 191ProShares UltraShort Silver (ETF) (NYSE: ZSL) traded lower for the fifth trading session in a row on Monday. It lost 6.82%, and closed at $13.25 as silver continued to move higher. Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) traded lower today, along with the Russell 2000 Index. TNA...
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Benzinga's Top ETF Gainers, July 18th (AGQ, TZA, TVIX, SOXS)
Monday, July 18, 2011 - 7:06pm | 184ProShares Ultra Silver (ETF) (NYSE: AGQ) traded higher today along with silver. ProShares Ultra Silver (ETF) (AGQ) gained 6.27%, and closed at $220.81. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) added 4.67% as the Russell 2000 Index struggled. TZA closed at $35.63, and it had a volume of...
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Hsieh Resigns, Shocks The Street
Monday, July 18, 2011 - 1:55pm | 710This morning LDK solar (NYSE: LDK) announced surprising news. Mr. Louis T. Hsieh, an independent director, has resigned from the company's board of directors. Mr. Hsieh's resignation surprised traders, sending share values down from 6.296 to 6.08 in just 12 minutes once trading had resumed. Share...
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Monday's Mid-Day Options Volume Leaders
Monday, July 18, 2011 - 12:25pm | 83Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 298,362 contracts, 60.0% calls, 40.0% puts 2. Apple Inc. (NASDAQ: AAPL) 205,298 contracts, 67.5% calls, 32.5% puts 3. Citigroup Inc. (NYSE: C) 98,784 contracts, 77.6% calls, 22.4% puts 4. JP Morgan (NYSE: JPM) 65,567...
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LDK Solar Announces Resignation of Independent Director
Monday, July 18, 2011 - 10:57am | 335LDK Solar Co., Ltd. (NYSE: LDK) today announced (i) the resignation yesterday of Mr. Louis Tung-jung Hsieh, formerly an independent director, from its board of directors and (ii) the appointment today of Mr. Maurice Wai-fung Ngai as an independent director to fill the vacancy created by Mr. Hsieh...
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Winners and Losers as of 10:55AM
Monday, July 18, 2011 - 10:56am | 262Winners: Walter Energy (NYSE: WLT) is trading up roughly 6.90% near $118.5 after Citigroup initiated coverage with a Buy rating. First Majestic Silver (NYSE: AG) is trading up roughly 5% near $23.70 as the price of silver has risen over 2%. Greenhill & Co (NYSE: GHL) is trading up over 4.70...
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Intersil Announces Opening of New Enhanced Low Dose Rate Sensitivity (ELDRS) Testing Facility
Monday, July 18, 2011 - 10:03am | 246Intersil Corporation (NASDAQ: ISIL) today announced its continued commitment to the global space community by introducing its new Palm Bay, Florida ELDRS testing facility. The facility will perform low dose rate total ionizing dose acceptance testing for all Intersil radiation hardened products...
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Deutsche Bank Maintains Buy on Intel
Monday, July 18, 2011 - 9:50am | 131Deutsche Bank is out with its report today on Intel (NASDAQ: INTC), maintaining Buy. In a note to clients, Deutsche Bank writes, "We believe Intel is well positioned to benefit new product introductions, improved execution and stable PC demand. Additionally, we expect MPU price competition to...
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UPDATE: Benchmark Upgrades Diodes To Buy
Monday, July 18, 2011 - 9:13am | 139Benchmark has published a report on Diodes, Inc. (NASDAQ: DIOD) anticipating 2Q11 results. In the report, Benchmark says, "Diodes, Inc. is scheduled to report 2Q11 results after the market close on August 9. Given that the company provided a mid-quarter update just five weeks ago, we expect in-...
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Stifel Nicolaus Downgrades Entropic Communications To Sell, Removes PT
Monday, July 18, 2011 - 8:21am | 26Stifel Nicolaus has downgraded Entropic Communications (NASDAQ: ENTR) from Buy to Sell and has removed its $12 price target.
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ChipMOS Reports Q2 Revenue of $162.2M; up 4.5% from Q1
Monday, July 18, 2011 - 8:10am | 119ChipMOS TECHNOLOGIES (Bermuda) LTD. (NASDAQ: IMOS) today reported its unaudited consolidated revenue for the month and quarter ending June 30, 2011. Revenue for the month of June 2011 was NT$1,526.7 million or US$53.0 million, a decrease of 6.5% from the month of May 2011 and a decrease of 3.2%...
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J.P. Morgan Reiterates Overweight on Intel
Monday, July 18, 2011 - 8:10am | 113J.P. Morgan is out with its report today on Intel (NASDAQ: INTC), reiterating Overweight. In a note to clients, J.P. Morgan writes, "We reiterate our Overweight rating on INTC as pricing remains strong and inventory levels are healthy. We expect consensus estimates for Intel to increase following...
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Maxim Acquires SensorDynamics for $130M and Assumption of $34M in Debt
Monday, July 18, 2011 - 7:16am | 39Maxim Integrated Products (Nasdaq: MXIM) today announced it has acquired SensorDynamics, a privately held semiconductor company that develops proprietary sensor and microelectromechanical solutions. SensorDynamics is based in Lebring, near Graz, Austria.