NVIDIA Corporation (NASDAQ:NVDA) gained 3.23% after analysts at RBC upgraded the stock to “outperform” from “sector perform” in a note. In the note analyst Doug Freedman said the chipmakers wull see stronger cash generation as the sector moves “into a more mature era.” NVIDIA Corporation (NASDAQ:NVDA) net profit margin is 11.70% and weekly performance is 1.22%. On last trading day company shares ended up $18.24. Analysts mean target price for the company is $18.94. NVIDIA Corporation (NASDAQ:NVDA) distance from 50-day simple moving average (SMA50) is -0.38%.
Cadence Design Systems, Inc. (CDNS) announced the signing of the first EDA (Electronic Design Automation) Technology Access Agreement with ARM Holdings plc (ADR) (NASDAQ:ARMH) that includes access to the ARM Cortex-A50 processor series, based on the ARMv8-A 64-bit architecture. This agreement also provides access to ARMv7 32-bit processor technology, ARM Mali GPUs (graphic processor units), System IP and ARM Artisan® libraries. ARM Holdings plc (ADR) (NASDAQ:ARMH) shares advanced 3.55% in last trading session and ended the day on $44.35. Gross Margin is 94.80% and its return on assets is 7.00%. ARM Holdings plc (ADR) (NASDAQ:ARMH) quarterly performance is -6.69%.
QUALCOMM, Inc. (NASDAQ:QCOM) announced that Qualcomm Connected Experiences, Inc., a subsidiary of Qualcomm Technologies, Inc., will release a major update to the Qualcomm® Vuforia™ mobile vision software platform in the coming weeks. The Vuforia 3.0 SDK will feature Smart Terrain™, a new 3D reconstruction capability that brings a new level of interactivity to augmented reality (AR) experiences. Additionally, Qualcomm announced a major enhancement to Vuforia object recognition technology that will soon be available to select developers in a beta program. QUALCOMM, Inc. (NASDAQ:QCOM) shares moved down -0.24% in last trading session and was closed at $79.67, while trading in range of $79.12 – $79.98. QUALCOMM, Inc. (NASDAQ:QCOM) year to date (YTD) performance is 7.81%.
First Solar, Inc. (NASDAQ:FSLR) Rio Tinto and Ingenero announced that agreement has been reached for the development of the Weipa Solar Photovoltaic (PV) Project in Queensland, Australia. The project has received official confirmation of funding from the Commonwealth Government, with an initial commitment of $3.5 million from the Australian Renewable Energy Agency (ARENA) to be followed by an allocation of up to $7.8 million for the project’s second phase. First Solar, Inc. (NASDAQ:FSLR) ended the last trading day at $60.39. Company weekly volatility is calculated as 3.40% and price to cash ratio as 4.38. First Solar, Inc. (NASDAQ:FSLR) showed a negative weekly performance of -2.42%.
Suntech Power Holdings Co. (OTCMKTS:STPFQ) announced that the administrator of Suntech Power International Ltd. (“SPI”), the Company’s principal operating subsidiary in Europe, has called for a meeting of the creditors of SPI on June 10, 2014 to consider a proposed dividend agreement to resolve the claims of SPI’s creditors. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ) On last trading day company shares ended up $0.300.
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