Chipmaker Stocks In News: Advanced Micro Devices (NYSE:AMD), Micron Technology (NASDAQ:MU), ARM Holdings (NASDAQ:ARMH), QUALCOMM (NASDAQ:QCOM)

Advanced Micro Devices, Inc. (NYSE:AMD)’s shares gained 2.32% to $3.97. The company will webcast its quarterly earnings conference call on Thursday, April 17, 2014 at 5:30 p.m. EDT / 2:30 p.m. PDT to discuss the results of its fiscal first quarter ending March 29, 2014. Advanced Micro Devices, Inc.(NYSE:AMD) shares after opening at $3.93 moved to $4.02 on last trade day and at the end of the day closed at $4.01. Company price to sales ratio in past twelve months was calculated as 0.58 and price to cash ratio as 2.78. Advanced Micro Devices, Inc. (NYSE:AMD) showed a negative weekly performance of -0.99%.

Micron Technology, Inc. (NASDAQ:MU) jumped 7.99% yesterday after Stifel said it believes that Micron’s stock has been under pressure lately because some expect that flash memory prices to fall after DRAM spot prices fell 9% month-over-month in March. However, the firm thinks that spot prices are not should not be seen a leading indicator, and it believes that the company’s manufacturing costs can fall more than its average selling prices this quarter. Micron Technology, Inc. (NASDAQ:MU) shares advanced 7.99% in last trading session and ended the day on $23.66. MU return on equity ratio is recorded as 18.80% and its return on assets is 9.30%. Micron Technology, Inc. (NASDAQ:MU) yearly performance is 152.24%.

ARM Holdings plc (ADR) (NASDAQ:ARMH) rose by 2.86%, or 28.50 pence, to 1 026.50 pence. ARM Holdings plc (ADR) (NASDAQ:ARMH) shares moved up 4.00% in last trading session and was closed at $50.97, while trading in range of $ 49.99 – 51.09. ARM Holdings plc (ADR)(NASDAQ:ARMH) year to date (YTD) performance is -6.87%.

Analysts at Jefferies Group lifted their price target on shares of QUALCOMM Inc. (NASDAQ:QCOM) from $86.00 to $95.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 20.47% from the company’s current price. QUALCOMM, Inc. (NASDAQ:QCOM) weekly performance is 1.44%. On last trading day company shares ended up $78.86. QUALCOMM, Inc. (NASDAQ:QCOM) distance from 50-day simple moving average (SMA50) is 4.61%. 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Your email address will not be published.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 *