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Rodman & Renshaw Outperform On Tower Semiconductor Ltd.
Thursday, June 16, 2011 - 9:21am | 137Rodman & Renshaw has an Outperform rating and a $2 price target on shares of Tower Semiconductor Ltd. (NASDAQ: TSEM) after the company announced new revenue guidance. In a note to clients, Rodman & Renshaw writes, "Management expects margins to be marginally lower for the remaining...
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Benzinga's Top Pre-Market NASDAQ Losers
Thursday, June 16, 2011 - 8:23am | 112Finisar Corporation (NASDAQ: FNSR) dipped 17.15% to $14.69 in the pre-market session. FNSR issued downbeat projections for the first quarter. ARM Holdings plc (NASDAQ: ARMH) dropped 2.55% to $27.11 in the pre-market trading. ARMH's PEG ratio is 2.98. ASML Holding NV (NASDAQ: ASML) moved down 2.38...
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Benzinga's Top Downgrades
Thursday, June 16, 2011 - 8:16am | 137Analysts at Robert W. Baird downgraded Korn/Ferry International (NYSE: KFY) from “outperform” to “neutral.” KFY's shares closed at $22.95 yesterday. Korn/Ferry's PEG ratio is 1.25. Analysts at FBR Capital downgraded Intel Corporation (NASDAQ: INTC) from “outperform” to “market perform.” Intel's...
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Kopin Wins $23.2 Million in Follow-On Orders for U.S. Army's Thermal Weapon Sight Program
Thursday, June 16, 2011 - 8:05am | 150Kopin^® Corporation (NASDAQ: KOPN), the leading U.S. manufacturer of display systems for mobile consumer and military applications, today announced it has been awarded $23.2 million in follow-on production orders for display systems in support of U.S. Army's Thermal Weapon Sight Bridge (TWS-IIB)...
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Benzinga's Top Upgrades
Thursday, June 16, 2011 - 8:05am | 135FBR Capital upgraded Advanced Micro Devices Inc (NYSE: AMD) from “market perform” to “outperform.” AMD's shares closed at $7.50 yesterday. Advanced Micro's trailing-twelve-month ROE is 61.51%. Analysts at Auriga upgraded Mettler-Toledo International Inc (NYSE: MTD) from “hold” to “buy.” MTD's...
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Stifel Nicolaus Lowers PT On FNSR, LLTC, MXIM, MCRL, SLAB
Thursday, June 16, 2011 - 8:01am | 86Stifel Nicolaus has lowered price targets on the following companies: Finisar Corporation (NASDAQ: FNSR) from $34 to $30, Buy Linear Technology Corporation (NASDAQ: LLTC) from $38 to $37, Buy Maxim Integrated Products (NASDAQ: MXIM) from $31 to $29, Buy Micrel (NASDAQ: MCRL) from $15 to $13,...
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FBR Capital Upgrades AMD To Outperform, Raises PT To $12
Thursday, June 16, 2011 - 7:43am | 111FBR Capital Markets has published a research report on Advanced Micro Devices (NYSE: AMD) and has upgraded the company from Market Perform to Outperform. In the report, FBR Capital writes, "[Our] positive stance on AMD is largely tactical in nature and less of a long-term investment until these...
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Morgan Stanley Upgrades ALTR, EWBC, XLNX
Thursday, June 16, 2011 - 7:11am | 61Morgan Stanley has upgraded the following companies: Altera Corporation (NASDAQ: ALTR) from Underweight to Equal-weight, $39 PT removed East West Bancorp (NASDAQ: EWBC) from Equal-weight to Overweight, $25 PT established Xilinx (NASDAQ: XLNX) from Underweight to Equal-weight, $29 PT removed
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Top 4 Mid-Cap Stocks In The Semiconductor-Integrated Circuits Industry With The Lowest PEG Ratio
Thursday, June 16, 2011 - 1:01am | 123Below are the top mid-cap semiconductor-integrated circuits stocks on the NYSE and the NASDAQ in terms of PEG ratio MEMC Electronic Materials Inc (NYSE: WFR) has a PEG ratio of 0.56. WFR's trailing-twelve-month ROE is 2.90%. Marvell Technology Group Ltd (NASDAQ: MRVL) has a PEG ratio of 0.64....
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Diosdado Banatao Elected Interim President and CEO of Ikanos
Wednesday, June 15, 2011 - 4:13pm | 65Ikanos Communications, Inc. (NASDAQ: IKAN) today announced that, effective immediately, John Quigley has resigned as president and CEO, and as a member of its board of directors. Diosdado Banatao, the executive chairman of Ikanos' board of directors, was elected interim president and CEO effective...
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Opa! Short Gyros, Long Windex 06-15-2011
Wednesday, June 15, 2011 - 3:06pm | 1007Cusick's Corner On the surface the catalyst of this latest pullback is Greece. But the reality is that it's a larger mix of a strong Dollar, weak Euro with potential contraction of economic growth and a bad CPI that are the true catalysts. While I am surprised about the strength of the push to...
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Options Brief: Intersil Corporation
Wednesday, June 15, 2011 - 1:11pm | 72Shares of Intersil Corporation (NASDAQ: ISIL) are lower on the session by 3.02%, trading at $12.86. Overall call volume is now running at 35.74x the daily average, with 18% of all calls traded being purchases on the offer. 6,719 contracts have traded on the session so far. Intersil Corporation...
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Puts Purchased on ON Semiconductor Corporation
Wednesday, June 15, 2011 - 12:58pm | 130Shares of ON Semiconductor Corporation (NASDAQ: ONNN) are lower on the session by 0.39%, currently trading at $10.12. The stock has been moving largely lower over the past two months though it is currently trading above the 200-day moving average. Options traders are buying puts on the name today...
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Puts Purchased on Spreadtrum Communications
Wednesday, June 15, 2011 - 11:10am | 121Shares of Spreadtrum Communications (NASDAQ: SPRD) are lower on the session by 5.08%, currently trading at $14.10. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A...
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Sterne Agee Reiterates Buy Rating On CEVA
Wednesday, June 15, 2011 - 9:03am | 125According to Sterne Agee, CEVA (NASDAQ: CEVA) Buy rating is reiterated. Sterne Agee said that in 2010, almost 1B 2G/2.5G handsets were shipped which continues to be a strong target market for CEVA with Nokia (NOK, $6.26, Not Rated). We believe CEVA is also seeing strong traction with STEric (ERIC...