Two former Qualcomm Inc. (NASDAQ:QCOM) sales directors were charged with insider trading, allegedly making $230,000 in profit from trades in Atheros Communications Inc. when Qualcomm bought the company in 2011. Derek Cohen and Robert Herman, both 52, were charged with four counts of securities fraud, the U.S. attorney’s office in San Diego said. QUALCOMM, Inc. (NASDAQ:QCOM) net profit margin is 26.90% and weekly performance is 0.52%. On last trading day company shares ended up $79.97. Analysts mean target price for the company is $84.84. QUALCOMM, Inc. (NASDAQ:QCOM) distance from 50-day simple moving average (SMA50) is 2.10%.
LSI Corp (NASDAQ:LSI)’s acquisition is seen as a strategic move by Avago Technologies Ltd (NASDAQ:AVGO) to become a leader in the storage market business. The amount for the acquisition of LSI Corp (NASDAQ:LSI) is approximately $6.6 billion or $11.15 per share in an all-cash deal. 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%.
NVIDIA Corporation (NASDAQ:NVDA) disclosed the financial results for the first quarter of their fiscal year 2015. The company has started off with an encouraging performance in this quarter. NVIDIA showed a good improvement on a year-over-year basis. The company has proved that it knows how to move towards growth, which is the only key to success. Eventually, NVIDIA would start to achieve greater heights if it does well not only on a yearly basis but also on a quarterly basis. NVIDIA Corporation (NASDAQ:NVDA) shares moved up 2.94% in last trading session and was closed at $18.58, while trading in range of $18.08 – $18.62. NVIDIA Corporation (NASDAQ:NVDA) year to date (YTD) performance is 16.49%.
Vitesse Semiconductor (NASDAQ:VTSS) introduced the latest generation of its widely adopted 10 Gigabit Ethernet (GE) PHY portfolio, the VSC8489 physical layer transceiver family. Vitesse Semiconductor (NASDAQ:VTSS) ended the last trading day at $3.44. Company weekly volatility is calculated as 7.54% and price to cash ratio as 4.17.
Broadcom (NASDAQ:BRCM) EVP Robert A. Rango sold 14,061 shares of Broadcom stock on the open market in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $30.38, for a total value of $427,173.18. Following the transaction, the executive vice president now directly owns 429,540 shares in the company, valued at approximately $13,049,425. Broadcom Corporation (NASDAQ:BRCM) net profit margin is 4.80% and weekly performance is -1.64%. On last trading day company shares ended up $29.94. Analysts mean target price for the company is $32.29. Broadcom Corporation (NASDAQ:BRCM) distance from 50-day simple moving average (SMA50) is -1.87%.
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