In 2011, reports surfaced claiming that Apple had threatened to abandon Intel Corporation’s (NASDAQ:INTC) chips if the company did not find a solution to slash power consumption on its processors. Rumors also surfaced saying that Apple could migrate from Intel to ARM processors “as soon as possible,” while some reports, as far back as 2011, had speculated that Apple already had an ARM (A5) powered MacBook Air in its labs. Intel Corporation (NASDAQ:INTC) net profit margin is 18.00% and weekly performance is 1.82%. On last trading day company shares ended up $26.29. Analysts mean target price for the company is $26.86. Intel Corporation (NASDAQ:INTC) distance from 50-day simple moving average (SMA50) is 1.40%.
Vitesse Semiconductor Corporation (NASDAQ:VTSS), a leading provider of advanced IC solutions for Carrier, Enterprise and Internet of Things (IoT) networks, announced that Freescale® Semiconductor is using Vitesse Semiconductor Corporation (NASDAQ:VTSS)’s VSC9953-01 SparX™ Gigabit Ethernet switch IP core in Freescale’s 28nm QorIQ® T1040 quad-core and T1020 dual-core communications processors, now sampling to customers. Vitesse Semiconductor (NASDAQ:VTSS) shares fell -0.28% in last trading session and ended the day on $3.62. VTSS Gross Margin is 55.80% and its return on assets is -25.20%. Vitesse Semiconductor (NASDAQ:VTSS) quarterly performance is -0.55%.
TranSwitch Corp (OTCMKTS:TXCCQ) shares moved down -14.61% in last trading session and was closed at $0.0076, while trading in range of $0.01 – $0.01.
Semtech Corp. (NASDAQ:SMTC) had its target price lifted by RBC Capital from $30.00 to $31.00 in a research note released on Thursday morning. They currently have an outperform rating on the stock. Semtech Corporation (NASDAQ:SMTC) ended the last trading day at $24.96. Company weekly volatility is calculated as 4.10% and price to cash ratio as 6.90. Semtech Corporation (NASDAQ:SMTC) showed a positive weekly performance of 11.88%.
Microchip Technology Inc. (NASDAQ:MCHP) has made a $328.5 million deal to acquire ISSC Technologies Corp., a fabless chip company in Taiwan, as its first major overseas acquisition. ISSC develops Bluetooth chips designed into a variety of wireless audio applications, including headset and speakers, as well as the growing IoT space. Microchip Technology Inc. (NASDAQ:MCHP) net profit margin is 2050% and weekly performance is 1.35%. On last trading day company shares ended up $46.66. Analysts mean target price for the company is $51.23. Microchip Technology Inc. (NASDAQ:MCHP) distance from 50-day simple moving average (SMA50) is -0.23%.
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