The sector slips in the wake of some weak earnings results and forecasts, as well as several downgrades by industry analysts. MarketWatch's Rex Crum reports.
Shares of LSI Corp. hit a new 52-week low on Thursday, dropping 13.5% in recent trading to $4.09 each. The stock was the biggest decliner within the S&P 500 Index . The semiconductor developer reported a swing to second-quarter profit late Wednesday, matching an average estimate of 11 cents a share on an adjusted basis, according to FactSet Research.
Marvell's Weili Dai takes her place on our list of entrepreneurs, innovators and businesspeople who left home and made their mark in the U.S. 2010 07 30 18:08
Street analyst Peter Navarro cross-references yesterday's high volume losers with his Always a Winner forecasting model and Market Edge's technical analysis and he says to short Kellogg and pair trade McAftee (long) and Symantec (short). Also go short Daystar as it continues to deteriorate. 2010 07 30 10:10
SAN FRANCISCO (Reuters) - Nvidia Corp shares tumbled 10 percent on Thursday, as analysts slashed price targets after the graphics chipmaker cut its sales outlook. 2010 07 29 12:49
NEW YORK (MarketWatch) -- Shares of LSI Corp. hit a new 52-week low on Thursday, dropping 13.5% in recent trading to $4.09 each. The stock was the biggest decliner within the S&P 500 Index . The semiconductor developer reported a swing to second-quarter profit late Wednesday, matching an average estimate of 11 cents a share on an adjusted basis, according to FactSet Research. Despite returning to profitability, management noted a slowdown in orders in the hard-disk drive space and desktops in particular, during the quarter. Following the results, analysts at FBR Capital Markets maintaine???
NEW YORK (MarketWatch) -- Shares of LSI Corp. gave up 8.4% to $4.34 each in early Thursday trading after the semiconductor developer said it swung to a second-quarter profit late Wednesday. In recent trading, the stock was one of the top decliners within the S&P 500 Index . The Milpitas, Calif., company posted earnings of $7.4 million, or 1 cent a share, compared with a loss of $61.5 million, or 9 cents a share, for the year-earlier period. Adjusted profit was 11 cents a share. Analysts had estimated 11 cents a share on revenue of $655.3 million, according to...
Citrix Systems, Inc. (CTXS): 19.73% Ameriprise Financial Inc. (AMP): 12.28% Interpublic Group of Companies, Inc. (IPG): 8.85% Teradyne Inc. (TER): 8.42% Lincoln National Corp. (LNC): 6.93%
The last year has been a roller coaster ride for stocks in general, but scarcely has it been more dramatic than in the semiconductor space. Over the past three months, one group of small integrated circuit, broad line and specialized semiconductor stocks has had an especially harrowing ride, losing half of their value after doubling during the trailing twelve months.
Meanwhile, these companies have turned earnings positive over the past quarter or two. Valuations coming into existence may have contributed to the adjustment, but the recent sell off in equities as a whole has really taken...
The following is a list of companies that are undervalued, when comparing Wednesday's closing price to the average analyst target price (according to Zacks Investment Research). All of these stocks are part of the S&P 500 index.
The list was compiled by using Kapitall's screener tool (free registration required). All discount values are based on the closing values of Wednesday, June 17. Other data provided by Finviz.
Omnivision Technologies (OVTI) is a blast from the past for me as it was one of the fundamentally strong new stocks that put in an incredible move during the 2003 powerful bull market. It was a great stock with great fundamentals back in 2003 and once again it is a well performing stock with great fundamentals.
Omnivision Technologies designs digital/analog image sensors for compact cameras used in mobile phones, notebook computers, and web cams and the demand for these products are very heavy right now and can completely be seen...
(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund filings.)
Next up is George Soros' hedge fund firm, Soros Fund Management. While he is still slightly involved, the bulk of the portfolio activity you see below comes from his son Robert Soros who runs the flagship Quantum Endowment. For 2009, Soros' Quantum Endowment Fund was up 28% as...
To identify potentially attractive investment ideas, The Applied Finance Group (AFG) usually uses a combination of proprietary variables to develop a focused group of potential buy ideas that meet criteria based on valuation, economic performance, management quality, and earnings quality. Although this set of investment criteria has proven successful in generating buy ideas, AFG’s valuation on a standalone basis has consistently been able to identify mispriced securities and investment opportunities that outperform their chosen benchmark.
Several times over the last year ValueExpectations.com has released lists of companies narrowed only...
Palm stops sweating after H-P deal. Hewlett-Packard (HPQ) agreed to buy Palm (PALM) in a $1.2B deal, saying Palm's webOS operating system will help it compete in the smartphone market. Palm shareholders who watched the beleaguered stock rollercoaster in recent weeks will receive $5.70 in cash for each share of common stock, a 23% premium over Palm's share price before the deal was announced. The buyout news buried Palm's disclosure that it expects revenue for the...
The Applied Finance Group’s (AFG’s) proprietary screening criteria (Economic Margin, valuation, quality of earnings, and management’s ability to create shareholder wealth) provide a robust framework that will help investors in their research process. Specifically, AFG’s Buy/Sell lists are a good starting place for investors searching for Large-Cap ideas. Over a ten-year period, companies that come up on AFG’s buy list have significantly outperformed those on the sell list.
LSI Corporation (NYSE: LSI): Shares of the storage-chip maker hit a new 52 week low of $3.89 on Friday. Brocade Communications Systems, Inc. (NASDAQ: BRCD): The stock today touched a new 52-week ...
UBS analyst says, "...We believe that revenue is likely to grow at a slower pace versus our prior expectations due to push out in design win ramp and increasing competition across most of the ...
Below are the top 10 Mid-Cap stocks (market cap between $2 billion and $10 billion) with highest upside potential, based on the difference between current price and Wall Street analysts' average ...
LSI Corporation recently launched in the channel new high port count 6Gb/s SATA+SAS MegaRAID and 3ware RAID controller cards and host bus adapters (HBAs). The new storage adapters support both ...
Network Engines, Inc. (NASDAQ: NENG) went down by 34% to close at $1.98 whereas overall traded volume stood at 4.18 million shares. NENG's total market capitalization arrived at $84.41 million ...
LSI Corporation (LSI) [Chart - Analysis - News] established a new 52-week low yesterday at $4.42. Clearly investors are not enthusiastic about the firm's prospects. The decline was accompanied by ...
GSI Commerce reported a wider than expected quarterly loss, of 41 cents per share. That compares to a 27 cent loss in the same quarter last year. Shares of GSI Commerce fell about 16% in midday ...
This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today. Citrix Systems, Inc. (Nasdaq: CTXS) high of $56.00. The company reported a Q2 ...
By Chip Brian LSI (NYSE:LSI) maintained Outperform, target lowered to $6.25 from $7.5, at FBR Capital. The stock closed yesterday at $4.75 on volume of 9,281,200 shares, above average daily volume ...
VistaPrint NV (NASDAQ:VPRT) is the biggest loser and slumped 35% to $32.68 after creating a new 52-week low of $31.65 earlier in the session. The company forecasted first-quarter profit of 27 ...
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