Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) plunged -13.25% after the company reported weaker than expected quarter guidance along with mixed first quarter earnings. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) net profit margin is 8.00% and weekly performance is -23.92%. On last trading day company shares ended up $6.68. Analysts mean target price for the company is $10.81. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) distance from 50-day simple moving average (SMA50) is -42.32%.
Avago Technologies Limited (AVGO) and LSI Corporation (NASDAQ:LSI) announced Avago has completed its acquisition of LSI Corporation for $11.15 per share in an all-cash transaction valued at approximately $6.6 billion. The acquisition creates a highly diversified semiconductor market leader with approximately $5 billion in projected annual revenues. LSI Corp (NASDAQ:LSI) shares advanced 0.18% in last trading session and ended the day on $11.14. LSI Corp (NASDAQ:LSI) quarterly performance is 1.00%.
Cirrus Logic, Inc.(NASDAQ:CRUS) and Wolfson Microelectronics plc announced the terms of a recommended transaction under which Cirrus Logic would acquire Wolfson at a price of £2.35 per share in cash, implying an enterprise value of £278 million, or approximately $467 million. The transaction, if approved, is expected to strengthen Cirrus Logic’s ability to expand its customer base with highly differentiated, end-to-end audio solutions for portable audio applications. The transaction will be financed by a combination of existing cash on Cirrus Logic’s balance sheet and $225 million in debt funding. Cirrus Logic, Inc. (NASDAQ:CRUS) shares moved down -0.13% in last trading session and was closed at $22.72, while trading in range of $22.39 – $22.89. Cirrus Logic, Inc. (NASDAQ:CRUS) year to date (YTD) performance is 11.21%.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) the best-performing Chinese solar manufacturer in the past year, agreed to supply panels for a 35-megawatt power project in southern Arizona. Construction on the Avalon Solar project in Pima County is expected to begin this quarter and will be complete by year-end, Shangrao, China-based JinkoSolar said in a statement. Power will be sold to Tucson Electric Power Co. under a 20-year contract. JinkoSolar Holding Co., Ltd. (NYSE:JKS) ended the last trading day at $26.16. Company weekly volatility is calculated as 6.44% and price to cash ratio as. JinkoSolar Holding Co., Ltd. (NYSE:JKS) showed a negative weekly performance of -6.37%.
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