Chip Movers: Intel Corporation (NASDAQ:INTC), ARM Holdings plc (NASDAQ:ARMH), QUALCOMM (NASDAQ:QCOM)

Intel Corporation (NASDAQ:INTC) said that, through the enhanced Android Kitkat 4.4 with a 64 bit Kernel, the company is making an effort to make things simpler for future developers. Intel stated, “With this release, the company ported, validated and tested the Android Open Source code on IA, taking on the work that developers typically would need to do on their own.” It added that the release would provide a favorable environment for the future generation devices. Intel Corporation (NASDAQ:INTC) shares advanced 2.01% in last trading session and ended the day on $26.41. INTC return on equity ratio is recorded as 17.60% and its return on assets is 10.90%. Intel Corporation (NASDAQ:INTC) yearly performance is 29.78%.

ARM Holdings plc (ADR) (NASDAQ:ARMH) had its price target upped by Barclays from GBX 1,125 ($18.72) to GBX 1,200 ($19.97) in a research note issued to investors on Monday, Analyst Ratings Netreports. The firm currently has an overweight rating on the stock.  ARM Holdings plc (ADR) (NASDAQ:ARMH) shares moved down -1.24% in last trading session and was closed at $50.95, while trading in range of $50.70-$51.95. ARM Holdings plc (ADR) (NASDAQ:ARMH) year to date performance is -6.91%.

QUALCOMM, Inc. (NASDAQ:QCOM) is trending higher along with the broader equities market. In the stock’s options pits, calls are trading at nearly three times the intraday average. Diving deeper reveals the majority of call traders are upping the bullish ante over last Friday’s speculators and betting on a move to levels not seen since January 2000. QUALCOMM, Inc. (NASDAQ:QCOM) weekly performance is 1.90%. On last trading day company shares ended up $80.55. QUALCOMM, Inc. (NASDAQ:QCOM) distance from 50-day simple moving average is 6.40%. Analysts mean target price for the company is $81.78.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *