Hittite Microwave Corporation(NASDAQ: HITT) announced it has acquired the assets of Keragis Corporation, a provider of extremely high power, wideband amplifier modules, located in San Diego, CA. This acquisition expands Hittite’s power amplifier portfolio and capabilities. This union combines Hittite’s world class capabilities of design and manufacture of high performance integrated circuits (IC’s), modules and subsystems with Keragis’ patented extremely wideband high power amplifier module products. Keragis’ power amplifiers utilize both Gallium Arsenide and Gallium Nitride semiconductor technologies. Hittite will initially offer 10 military grade and rugged commercial amplifier products featuring broadband ultra high power, compact size and world class efficiency. Hittite Microwave Corporation (NASDAQ: HITT) shares after opening at $58.56 moved to $58.31 on last trade day and at the end of the day closed at $58.32. Company price to sales ratio in past twelve months was calculated as 6.80 and price to cash ratio as 3.94. Hittite Microwave Corporation (HITT) showed a negative weekly performance of -5.19%.
PLX Technology (NASDAQ:PLXT) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Wednesday, AR Network reports. PLX Technology Inc. (NASDAQ:PLXT) shares advanced 1.04% in last trading session and ended the day on $5.82. PLXT return on equity ratio is recorded as 12.30% and its return on assets is 9.20%. PLX Technology Inc. (PLXT) yearly performance is 30.20%.
Exar Corporation (NYSE:EXAR), a leading provider of analog mixed-signal, video and data management solutions, through a wholly owned subsidiary, has signed a definitive agreement to acquire Integrated Memory Logic Limited (iML TW:3638), a leading provider of analog mixed-signal solutions for the flat panel display market. The iML acquisition supports Exar’s strategy of building a large scale diversified analog mixed-signal business. Under the terms of the transaction, Exar’s subsidiary will commence a tender offer to acquire all of the outstanding shares of iML for NT$91.00 (approximately US$3.00) per iML share in cash and acquire any remaining shares at NT$91.00 per share pursuant to a follow-on merger. The gross transaction value will be NT$6.8 billion (approximately US$223 million), or NT$3.1 billion (approximately US$94 million), net of cash acquired. Exar Corp. (NYSE:EXAR ) shares moved up 0.57% in last trading session and was closed at $10.52, while trading in range of $ 10.42 – 10.57. Exar Corp. (EXAR) –NYSE year to date (YTD) performance is -10.77%.
MoSys Inc. (NASDAQ:MOSY), a leader in semiconductor solutions that enable fast, intelligent data access for network and communications systems, announced the production release of its second generation Bandwidth Engine® family of ICs. MoSys’ Bandwidth Engine products provide a computational and memory solution with serial interfaces for high-speed networking equipment. MoSys Inc.(NASDAQ:MOSY) weekly performance is 787%. On last trading day company shares ended up $3.77.
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