Avago Technologies announced that Micron Technology, Inc. (NASDAQ:MU) has licensed Avago’s 28nm Low Power 30Gbps Serializer/Deserializer (SerDes) IP for use in Micron’s next generation Hybrid Memory Cube (HMC) devices. Micron Technology, Inc. (NASDAQ:MU) shares after opening at $21.36 moved to $22.14 on last trade day and at the end of the day closed at $21.90. Company price to sales ratio in past twelve months was calculated as 1.76 and price to cash ratio as 5.20. Micron Technology, Inc. (NASDAQ:MU) showed a positive weekly performance of 0.88%.
Alcoa Inc (NYSE:AA) was upgraded by analysts at Deutsche Bank from a “sell” rating to a “hold” rating. They now have a $10.00 price target on the stock, up previously from $7.50. Alcoa Inc (NYSE:AA) shares advanced 2.55% in last trading session and ended the day on $12.86. AA return on equity ratio is recorded as -22.00% and its return on assets is -7.10%. Alcoa Inc (NYSE:AA) yearly performance is 61.96%.
Microsoft Corporation (NASDAQ:MSFT) is set to announce a new partnership with the University of Texas at San Antonio involving sustainable technology research. Microsoft Corporation (NASDAQ:MSFT) shares moved down -0.07% in last trading session and was closed at $39.18 while trading in range of $38.90 – $39.41 – Microsoft Corporation (NASDAQ:MSFT) year to date (YTD) performance is 5.52%.
Rite Aid Corporation (NYSE:RAD) announced that it will acquire RediClinic, an operator of retail clinics, according to a Thursday press release. RediClinic currently operates 30 retail clinics throughout several metropolitan areas in Texas, including San Antonio, Houston, and Austin. Rite Aid Corporation (NYSE:RAD) weekly performance is 17.36%. On last trading day company shares ended up $7.10. Rite Aid Corporation (NYSE:RAD) distance from 50-day simple moving average (SMA50) is 11.42%. Analysts mean target price for the company is $7.56.
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