QUALCOMM, Inc. (NASDAQ:QCOM), which is the industry leader in LTE baseband shipments and has the most mature and widely used portfolio of five-mode chipsets, should benefit from a near-term spurt in baseband demand from China Mobile as local players ramp up five-mode production. More importantly, it removes the risk of three-mode usurping five-mode as the more widely sourced standard at China Mobile, making it easier for Qualcomm to collect royalties on handsets that support global standards. QUALCOMM, Inc. (NASDAQ:QCOM) shares after opening at $79.03 moved to $79.03 on last trade day and at the end of the day closed at $78.19. Company price to sales ratio in past twelve months was calculated as 5.18 and price to cash ratio as 7.64. QUALCOMM, Inc. (NASDAQ:QCOM) showed a positive weekly performance of 4.62%.
Nomura initiated coverage of Applied Materials, Inc. (NASDAQ:AMAT) with a “buy” endorsement this morning. On the charts, the shares have added more than 10% in 2014, and yesterday tagged a new five-plus-year high of $19.76. However, fewer than half the analysts following AMAT consider it worthy of a “buy” or better recommendation, and the average 12-month price target of $18.79 is south of the security’s current price. Meanwhile, the equity’s Schaeffer’s put/call open interest ratio (SOIR) of 1.15 stands just 12 percentage points from an annual high, suggesting short-term options players are more put-heavy than usual right now. More upbeat analyst attention or an unwinding of bearish bets in the options pits could translate into contrarian tailwinds for Applied Materials, Inc. Applied Materials, Inc. (NASDAQ:AMAT) shares fell -0.10% in last trading session and ended the day on $20.17. AMAT return on equity ratio is recorded as 7.20% and its return on assets is 4.30%. Applied Materials, Inc. (NASDAQ:AMAT) yearly performance is 59.45%.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) rose to a new one-year high of $46.97. The Thursday session was characterized with solid volume where far more shares changed hands than in a normal day. The strong gain in the stock came on the back of the report that TXN once again featured on the list of the most ethical companies. The Ethisphere Institute which is an independent center that seeks to promote best businesses practices, identified Texas Instruments for the eighth straight year for its best corporate ethics and leadership practices. In the electronics category, Texas Instruments Incorporated (NASDAQ:TXN) was one of the only five companies which featured on the list of honor this year.Texas Instruments Incorporated (NASDAQ:TXN) shares moved up 0.43% in last trading session and was closed at $47.15, while trading in range of $46.49-$47.65.Texas Instruments Incorporated (NASDAQ:TXN) year to date performance is 41.59%.
GT Advanced Technologies (NASDAQ:GTAT) Director Ernest Godshalk III sold 50,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $18.51, for a total value of $925,500.00. Following the completion of the sale, the director now directly owns 63,832 shares of the company’s stock, valued at approximately $1,181,530. The sale was disclosed in a filing with the Securities & Exchange Commission.GT Advanced Technologies Inc (NASDAQ:GTAT) weekly performance is 10.71%. On lasttrading day company shares ended up $18.61.GT Advanced Technologies Inc (NASDAQ:GTAT) distance from 50-day simple moving average is 48.30%. Analysts mean target price for the company is $18.44.