Semiconductor Broadline: Integrated Device Technology Inc (NASDAQ:IDTI), NXP Semiconductors NV (NASDAQ:NXPI), Avago Technologies Ltd (NASDAQ:AVGO), Freescale Semiconductor Ltd (NYSE:FSL)

Posted by on Jul 09, 2014

Integrated Device Technology Inc (NASDAQ:IDTI), and eSilicon Corporation announced a collaboration to expedite development of next-generation RapidIO® switches to meet the growing performance demands of new system architectures for wireless, embedded and computing infrastructures. The two companies will work together to initially research and develop RapidIO switches operating at 40 Gbps per port based on the RapidIO 10xN specification. Integrated Device Technology Inc (NASDAQ:IDTI), net profit margin is 17.80% and weekly performance is -2.01%. On last trading day company shares ended up $15.15. Analysts mean target price for the company is $14.14. Integrated Device Technology Inc (NASDAQ:IDTI), distance from 50-day simple moving average (SMA50) is 12.60%.

Equities research analysts at Pacific Crest increased their price objective on shares of NXP Semiconductors NV (NASDAQ:NXPI), from $72.00 to $80.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. Pacific Crest’s price objective would suggest a potential upside of 24.13% from the company’s current price. NXP Semiconductors NV (NASDAQ:NXPI), fell 1.85% in last trading session and ended the day on $65.67. NXPI, Gross Margin is 46.30% and its return on assets is 7.30%. NXP Semiconductors NV (NASDAQ:NXPI), quarterly performance is 17.86%.

On june 23, 2014, Singapore-based chip maker Avago Technologies Ltd (NASDAQ:AVGO), agreed Monday to acquire U.S.-based peer PLX Technology, Inc. (PLXT: Quote) for $6.50 per share in an all-cash deal valued at around $309 million, or $293 million net of cash and debt acquired. Avago Technologies Ltd (NASDAQ:AVGO), shares moved down 1.53% in last trading session and was closed at $73.39, while trading in range of $72.10 – 74.50. Avago Technologies Ltd (NASDAQ:AVGO), year to date (YTD) performance is 39.95%.

Freescale Semiconductor Ltd (NYSE:FSL), CEO Gregg A. Lowe sold 66,466 shares of the company’s stock on the open market in a transaction dated Monday, July 7th. The shares were sold at an average price of $23.70, for a total transaction of $1,575,244.20. Following the completion of the sale, the chief executive officer now directly owns 372,923 shares of the company’s stock, valued at approximately $8,838,275. Freescale Semiconductor Ltd (NYSE:FSL), ended the last trading day at $23.51. Company weekly volatility is calculated as 1.96% and price to cash ratio as 10.03. Freescale Semiconductor Ltd

(NYSE:FSL), showed a negative weekly performance of 0.04%.

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