The QUALCOMM, Inc. (NASDAQ:QCOM) on Mar. 10 announced that Derek Aberle, executive vice president of Qualcomm Incorporated and group president has been promoted to president of Qualcomm Incorporated. In his new role, Aberle will have oversight for all business divisions across the organization as well as the Company’s global market development and marketing groups. He will also continue to formulate and drive key strategies for diversifying and growing the company in both our core businesses as well as new business opportunities. Aberle will report to Steve Mollenkopf, chief executive officer of Qualcomm Incorporated. QUALCOMM, Inc. (NASDAQ:QCOM) shares after opening at $78.82 moved to $79.62 on last trade day and at the end of the day closed at $78.31.Company price to sales ratio in past twelve months was calculated as 5.19 and price to cash ratio as 7.65. QUALCOMM, Inc. (NASDAQ:QCOM) showed a positive weekly performance of 1.95%.
Brocade Communications Systems (NASDAQ:BRCD) VP Ken Cheng sold 15,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $10.35, for a total transaction of $155,250.00. Following the transaction, the vice president now directly owns 292,625 shares in the company, valued at approximately $3,028,669.Brocade Communications Systems, Inc. (NASDAQ:BRCD) shares fell -2.01% in last trading session and ended the day on $10.25. BRCD return on equity ratio is recorded as 13.40% and its return on assets is 8.70%. Brocade Communications Systems, Inc. (NASDAQ:BRCD) yearly performance is 78.26%.
Investment analysts at Nomura assumed coverage on shares of KLA-Tencor Corp. (NASDAQ:KLAC) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $75.00 price target on the stock. Nomura’s price target would suggest a potential upside of 7.11% from the stock’s previous close. KLA-Tencor Corporation (NASDAQ:KLAC) shares moved down -1.17% in last trading session and was closed at $68.99, while trading in range of $68.97-$70.78. KLA-Tencor Corporation (NASDAQ:KLAC) year to date performance is 7.78%.
Shares of Sonic Corporation (NASDAQ:SONC) are currently trading up and have already touched a new 52-week, thanks to the encouraging second quarter results. The company managed to pull solid earnings and sales growth in key businesses during the second quarter despite the harsh weather. The results were full of interesting aspects. First and foremost, the management expressed deep satisfaction with the results. The CEO and President of Sonic Mr. Cliff Hudson observed that second quarter results were exciting in many ways, more so considering that the company managed to post solid results in light of the tough weather condition. Sonic Corporation (NASDAQ:SONC) weekly performance is 4.54%. On last trading day company shares ended up $22.58. Sonic Corporation (NASDAQ:SONC) distance from 50-day simple moving average is 14.60%. Analysts mean target price for the company is $19.92.
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