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Sterne Agee Reiterates Buy on CEVA, Raises PT to $35
Wednesday, July 6, 2011 - 8:34am | 41Sterne Agee reiterated its Buy rating on CEVA (NASDAQ: CEVA). At the same time, the rating agency raised its price target on the company's stock to $35. On Tuesday, CEVA closed the day at $31.68.
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Biggest Pre-Market Winners and Losers
Wednesday, July 6, 2011 - 8:26am | 226Winners: Atmel (NASDAQ: ATML) is up over 2.75%, trading near $14.85. General Motors (NYSE: GM) is up over 1.25%, trading near $31.26. Yahoo! (NASDAQ: YHOO) is up over 0.70%, trading near $15.60 despite a lawsuit by InnerWorkings (NASDAQ: INWK) alleging defamation. Ford (NYSE: F) is up over 0.75...
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Benzinga's Top Pre-Market NASDAQ Gainers
Wednesday, July 6, 2011 - 8:18am | 101ProShares UltraPro Short QQQ (NASDAQ: SQQQ) shares advanced 0.51% to $23.44 in the pre-market session. Magic Software Enterprises Ltd (NASDAQ: MGIC) shares advanced 0.39% to $5.20 in the pre-market session. MGIC is scheduled to report its Q2 results on August 3. American Capital Agency Corp (...
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Chipmos And Connectec Japan Corporation Enter Joint Technology Development Agreement; Chipmos Takes 30% Equity Stake
Wednesday, July 6, 2011 - 8:02am | 147ChipMOS TECHNOLOGIES LTD.(Nasdaq: IMOS) today announced that its majority-owned Taiwanese subsidiary, ChipMOS TECHNOLOGIES INC., has agreed to invest in CONNECTEC JAPAN Corporation for a 30% equity stake of CTJ pursuant to a share subscription agreement dated July 4, 2011. On the same day, the...
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A Peek Into The Market Before The Trading Starts
Wednesday, July 6, 2011 - 7:22am | 363Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 40 points to 12,493.00 and futures on the S&P 500 stock index fell 6 points to 1,330.70. Nasdaq 100 futures dropped 6.25 points to 2,365.75. A...
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Microsemi Acquires ASIC Advantage, Inc.
Wednesday, July 6, 2011 - 7:00am | 167Microsemi Corporation (Nasdaq: MSCC) today announced it has acquired privately-held ASIC Advantage, Inc. Known for its technical innovation with high levels of quality and reliability, ASIC Advantage is a fabless semiconductor company that designs and manufactures a broad portfolio of high-...
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Market After Last Week's Rally 07-05-2011
Tuesday, July 5, 2011 - 2:57pm | 927Cusick's Corner Because of an absence of trading catalysts, the market is likely to stay in a range for the rest of the day and just continue to chop around. This makes the current market a little more difficult to trade, at least from a two-sided perspective. I previously noted that spreading...
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Rodman & Renshaw Maintains Market Outperform on DSP Group
Tuesday, July 5, 2011 - 9:41am | 135Rodman & Renshaw is out with its report today on DSP Group (NASDAQ: DSPG), maintaining Market Outperform. In a note to clients, Rodman & Renshaw writes, "DSPG reported 1Q11 revenues of $48.8 million; increase of 12%Q/Q and down 13% Y/Y. The core DECT products (82% of the mix) increased 27%...
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Sterne Agee Neutral On Nvidia
Tuesday, July 5, 2011 - 9:39am | 163Sterne Agee is lowering its earnings estimates on NVIDIA Corporation (NASDAQ: NVDA). It still rates shares at Neutral. In a note to clients, Sterne Agee writes, "We are lowering our July quarter estimates from prior $1.02B/$0.27 to $975M/$0.26. While NVDA has some near-term tailwinds with Atrix,...
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Marvell Technology Group Increases Share Repurchase Program by $500M
Tuesday, July 5, 2011 - 8:34am | 60Marvell (NASDAQ: MRVL) announced that the Board of Directors has authorized Marvell to repurchase up to an additional $500 million under its share repurchase program. With this increase, the cumulative total share repurchase authorized by the Board will amount to $1.5 billion. Marvell has made...
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Benzinga's Top ETF Decliners, July 1st (VZZ, SOXS, DRV, FAZ)
Friday, July 1, 2011 - 6:30pm | 182iPath Long Enhanced S&P 500 VIX Mid Term Futures ETN (NYSE: VZZ) led the decliners among the ETFs on Friday, with a loss of 15.85%. This was the fifth consecutive trading session that VZZ closed lower. Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) dropped 6.41%, and closed at $60.16...
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Calls Purchased on Entropic Communications, Inc.
Friday, July 1, 2011 - 12:26pm | 108Shares of Entropic Communications, Inc. (NASDAQ: ENTR) are higher on the session by 2.36%, currently trading at $9.10. The stock has been moving largely higher over the past five weeks and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A...
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Will Wall Street Ever Be the Same?
Friday, July 1, 2011 - 10:27am | 753By Todd Harrison The leaders coming out won't be the same as the leaders we're used to. The Wall Street Journal had an interesting article yesterday entitled Wall Street Turns the Gun on Itself, and I would like to add some observations from my perch. We've seen a seismic shift in the DNA of...
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Spreadtrum Communications Soaring Nearly 10%
Friday, July 1, 2011 - 10:15am | 75Spreadtrum Communications, Inc (NASDAQ: SPRD) shares are soaring today, gaining almost 10% today, to tack on gains from yesterday. The company has been in the new recently, as Muddy Waters initially produced a negative research report on the company, then later essentially retracted the comments...
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Benchmark Reiterates Buy and PT of $45 on Netlogic Microsystems
Friday, July 1, 2011 - 6:43am | 59Benchmark reiterated its Buy rating on Netlogic Microsystems (NASDAQ: NETL). At the same time, Benchmark left its price target on the company's stock unchanged at $45. On Thursday, Netlogic added 0.42% to its value to end the day at $40.42. Its shares lost all of yesterday's gains in today's pre-...