Chip Stocks To Watch: NVIDIA Corporation (NASDAQ:NVDA), ARM Holdings plc (NASDAQ:ARMH), Intel Corporation (NASDAQ:INTC), Micron Technology (NASDAQ:MU)

Posted by on Apr 17, 2014

Shares of NVIDIA Corporation (NASDAQ:NVDA) were the recipient of a significant decline in short interest in January. As of March 31st, there was short interest totalling 56,654,501 shares, a decline of 3.1% from the March 14th total of 58,440,553 shares, AnalystRatings.NET reports. Based on an average daily volume of 9,315,852 shares, the days-to-cover ratio is currently 6.1 days. Currently, 10.8% of the shares of the stock are sold short. NVIDIA Corporation (NASDAQ:NVDA), shares after opening at $18.54 moved to $18.56 on last trade day and at the end of the day closed at $18.49. Company price to sales ratio in past twelve months was calculated as 2.49 and price to cash ratio as 2.21. NVIDIA Corporation (NASDAQ:NVDA), showed a negative weekly performance of 1.86%.

ARM Holdings plc (ADR) (NASDAQ:ARMH), stock had its “outperform” rating restated by stock analysts at Credit Suisse in a report issued on Monday, Stock Ratings News reports. They currently have a GBX 1,200 ($20.08) target price on the stock. Credit Suisse’s price objective would indicate a potential upside of 29.03% from the stock’s previous close. ARM Holdings plc (ADR) (NASDAQ:ARMH), shares advanced 1.48% in last trading session and ended the day on $48.01. ARM Holdings plc (ADR) (NASDAQ:ARMH), return on equity ratio is recorded as 8.00% and its return on assets is 6.50%. ARM Holdings plc (ADR) (NASDAQ:ARMH), yearly performance is 20.66%.

Intel Corporation (NASDAQ:INTC) released its earnings numbers for the first quarter of 2014 this afternoon after the market closed in New York. The company showed earnings of 38 cents per share for the three month period. Revenue in the first quarter came to $12.8 billion. On Tuesday’s market the chip-maker’s stock traded slightly up to finish the day at $26.77 per share. Intel Corporation (NASDAQ:INTC), shares moved up 0.60% in last trading session and was closed at $26.93, while trading in range of $ 26.59 – 27.24. Intel Corporation (NASDAQ:INTC), year to date (YTD) performance is 4.75%.

Micron Technology, Inc. (NASDAQ:MU), was upgraded by analysts at EVA Dimensions from a “hold” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, ARNreports. Micron Technology, Inc. (NASDAQ:MU), weekly performance is -0.53%. On last trading day company shares ended up $22.48. Micron Technology, Inc. (NASDAQ:MU), distance from 50-day simple moving average (SMA50) is -5.94%. Analysts mean target Price for the company is $28.36.

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