Chip Stocks in News: NVIDIA Corporation (NASDAQ:NVDA), QUALCOMM, (NASDAQ:QCOM), Alcatel Lucent SA (NYSE:ALU), Intel Corporation (NASDAQ:INTC)

NVIDIA Corporation (NASDAQ:NVDA) CAO David Shannon unloaded 2,445 shares of NVIDIA stock on the open market in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $18.32, for a total transaction of $44,792.40. Following the transaction, the chief accounting officer now directly owns 115,101 shares in the company, valued at approximately $2,108,650. NVIDIA Corporation (NASDAQ:NVDA) shares after opening at $17.56 moved to $17.98 on last trade day and at the end of the day closed at $17.82. Company price to sales ratio in past twelve months was calculated as 2.45 and price to cash ratio as 2.17. NVIDIA Corporation (NASDAQ:NVDA) showed a negative weekly performance of -2.94%.

Goldman Sachs lifted their price objective on shares of QUALCOMM (NASDAQ:QCOM) from $82.00 to $90.00 in a research note issued on Wednesday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Goldman Sachs’ price target would suggest a potential upside of 19.00% from the company’s current price. QUALCOMM, Inc. (NASDAQ:QCOM) shares fell -1.18% in last trading session and ended the day on $74.74. QUALCOMM, Inc. (NASDAQ:QCOM) return on equity ratio is recorded as 18.40% and its return on assets is 14.70%. QUALCOMM, Inc. (NASDAQ:QCOM) yearly performance is 14.56%.

Alcatel-Lucent (NYSE:ALU) and Etisalat on Mar. 3 announced an agreement to extend Etisalat’s LTE coverage in the United Arab Emirates, one of the largest and fastest growing markets for mobile data services. Alcatel Lucent SA (ADR) (NYSE:ALU) shares moved down -1.54% in last trading session and was closed at $3.84, while trading in range of $3.80 – $3.90. Alcatel Lucent SA (ADR) (NYSE:ALU) year to date (YTD) performance is -12.73%.

Intel Corporation (NASDAQ:INTC) plans to report first-quarter financial results on April 15, 2014, promptly after the close of market. Intel Corporation (NASDAQ:INTC) weekly performance is -0.57%. On last trading day company shares ended up $24.50. Intel Corporation (NASDAQ:INTC) distance from 50-day simple moving average (SMA50) is -1.26%. Analysts mean target price for the company is $25.20.

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