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Goldman Sachs Neutral On Microchip Technology
Tuesday, July 12, 2011 - 7:36am | 167Goldman Sachs has a Neutral rating and a $32 price target on shares of Microchip Technology Inc. (NASDAQ: MCHP). In a note to clients, Goldman Sachs writes, "Microchip negatively pre-announced 2QCY11 results in an unscheduled update after the market close on July 11. Microchip now expects sales to...
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Trina Solar Announces Changes to Board of Directors and Committees
Tuesday, July 12, 2011 - 7:30am | 273Trina Solar Limited (NYSE: TSL) announced today the following changes to its board and board committees, including its audit and corporate governance and nominating committees. Mr. Peter Mak, an independent director and chairman of the audit committee of the Company, has resigned from the...
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UPDATE: J.P. Morgan Lowers PT on Microchip Technology to $29
Tuesday, July 12, 2011 - 7:20am | 82J.P. Morgan is out with its report today on Microchip Technology (NASDAQ: MCHP), lowering its PT from $36 to $29. In a note to clients, J.P. Morgan writes, "We are lowering our December 2011 price target from $36.00 to $29.00 or 15X our new C12 EPS estimate, roughly in line with the S&P 500....
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Goldman Sachs Lowers PT On Microchip Technology To $32
Tuesday, July 12, 2011 - 6:13am | 27Goldman Sachs has lowered the price target on Microchip Technology (NASDAQ: MCHP) from $34 to $32 and maintains its Neutral rating.
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JP Morgan Lowers PT On Microchip Technology To $29
Tuesday, July 12, 2011 - 6:05am | 27JP Morgan has lowered the price target on Microchip Technology (NASDAQ: MCHP) from $36 to $29 and maintains its Neutral rating.
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Mad Money Lightning Round: Cramer Likes Continental Resources
Tuesday, July 12, 2011 - 2:47am | 156On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Continental Resources (NYSE: CLR) is a “Bakken shale play and I reiterate my buy. You want to own American oil companies with American oil." Cramer said that MIPS Technologies (NASDAQ: MIPS) has “been a nightmare.” He added, "We...
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Benzinga's After Hours Movers
Monday, July 11, 2011 - 6:20pm | 341Among the stock's that are moving on heavy volume in the after hours trading session are Radient Systems (NASDAQ: RADS), Clean Energy Fuels Corp. (NASDAQ: CLNE), Microchip Technology (NASDAQ: MCHP), Novellus Systems (NASDAQ: NLS), Intel (NASDAQ: INTC) and Annaly Capital Management (NYSE: NLY)....
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Stocks to Watch for Tuesday 07/12/11: Fresh 52 Week Highs and Lows
Monday, July 11, 2011 - 5:09pm | 1546Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to lowest): 1) BioSante Pharmaceuticals (NASDAQ: BPAX...
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Microchip Tech Falling Over 7% After Lowering Guidance
Monday, July 11, 2011 - 4:38pm | 117Microchip Technology Incorporated (NASDAQ: MCHP) announced today that it expects its net sales for its first quarter of fiscal 2012 ending June 30, 2011 to be down about 1.5% sequentially. On May 5, 2011, Microchip provided guidance of net sales increasing 1% to 6% sequentially. Microchip also...
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MicroChip Tech Expects Net Sales Down 1.5% vs Previous Guidance of Up 1-6%
Monday, July 11, 2011 - 4:16pm | 264Microchip Technology Incorporated (NASDAQ: MCHP) announced today that it expects its net sales for its first quarter of fiscal 2012 ending June 30, 2011 to be down about 1.5% sequentially. On May 5, 2011, Microchip provided guidance of net sales increasing 1% to 6% sequentially. Microchip also...
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Monday's Put/Call Ratio Leaders
Monday, July 11, 2011 - 12:27pm | 78Here are today's Put/Call Ratio leaders… 1. Lender Processing Services (NYSE: LPS) 10,272 puts, 26 calls 2. Baxter International (NYSE: BAX) 3,581 puts, 264 calls 3. Arm Holdings (NASDAQ: ARMH) 9,045 puts, 1,028 calls 4. Infosys Limited (NASDAQ: INFY) 7,213 puts, 848 calls 5. HSBC Holdings (NYSE:...
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Benzinga's Top Upgrades
Monday, July 11, 2011 - 9:03am | 125Analysts at PritchardCapital Partners upgraded Venoco (NYSE: VQ) from “neutral” to “buy.” Venoco's shares closed at $13.00 on Friday. Venoco's PEG ratio is 1.16. Analysts at Oppenheimer upgraded Microsemi Corp (NASDAQ: MSCC) from “perform” to “outperform.” Microsemi's shares closed at $20.87 on...
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UPDATE: Wunderlich Lowers PT on CREE to $34
Monday, July 11, 2011 - 8:58am | 150Wunderlich is out with its report today on CREE (NASDAQ: CREE), lowering its PT from $40 to $34. In a note to clients, Wunderlich writes, "In the last two weeks, damaging information about the LED market has impacted Cree Inc. shares. We believe this will make it difficult for the stock to rise,...
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Oppenheimer Upgrading Microsemi Corp.
Monday, July 11, 2011 - 8:28am | 160Oppenheimer & Co. is upgrading shares of Microsemi Corp. (NASDAQ: MSCC) to Outperform and putting a $28 price target on shares. In a note to clients, Oppenheimer & Co. writes, "We are upgrading MSCC to Outperform from Perform and establishing a $28 price target. In selecting the best semi...
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UPDATE: Oppenheimer Upgrades Microsemi to Outperform
Monday, July 11, 2011 - 8:16am | 111Oppenheimer is out with its report today on Microsemi (NASDAQ: MSCC), upgrading MSCC from Perform to Outperform. In a note to clients, Oppenheimer writes, "We are upgrading MSCC to Outperform from Perform and establishing a $28 price target. In selecting the best semi names to play for 2H11 into...