Gainers on Major News: Apple Inc. (NASDAQ:AAPL), SanDisk Corporation (NASDAQ:SNDK), Yahoo! Inc. (NASDAQ:YHOO), Intel Corporation (NASDAQ:INTC)

Apple Inc. (NASDAQ:AAPL) is reportedly planning to bring a new music identification feature to iOS that will be powered by Shazam, reports Bloomberg. Shazam’s popular app for iOS can quickly determine which song is playing using the built-in microphone. Apple Inc. (NASDAQ:AAPL) shares after opening at $518.05 moved to $521.09 on last trade day and at the end of the day closed at $519.01. Company price to sales ratio in past twelve months was calculated as 2.66 and price to cash ratio as 11.37. Apple Inc. (NASDAQ:AAPL) showed a negative weekly performance of -2.13%.

SanDisk Corporation (NASDAQ:SNDK) posted its quarterly earnings results on Wednesday. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.19, Stock Ratings News reports. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. SanDisk Corporation (NASDAQ:SNDK) shares advanced 0.68% in last trading session and ended the day on $75.85. SNDK return on equity ratio is recorded as 14.80% and its return on assets is 10.60%. SanDisk Corporation (NASDAQ:SNDK) yearly performance is 37.56%.

Yahoo Inc. (NASDAQ:YHOO) which posted anemic first-quarter revenue growth, said it has nominated three new members to its board. The three members include billionaire Charles Schwab, namesake chairman and chief executive of discount broker Charles Schwab Corp. Yahoo! Inc. (NASDAQ:YHOO) shares moved up 6.26% in last trading session and was closed at $36.35, while trading in range of $35.81 – $37.30. Yahoo! Inc. (NASDAQ:YHOO) year to date (YTD) performance is -10.11%.

Intel Corporation (NASDAQ:INTC) showed some improvement as the personal computer market appears to be stabilizing. On Tuesday, the Sillicon Valley chip maker posted a profit decline of 4.8% in the first quarter. But, showed improvement in revenue that grew 1.5%, while its gross profit margin too improved marginally against the company’s 59% forecast. Intel Corporation (NASDAQ:INTC) weekly performance is -0.19%. On last trading day company shares ended up $26.93. Intel Corporation (NASDAQ:INTC) distance from 50-day simple moving average (SMA50) is 7.29%. Analysts mean target price for the company is $25.43.