On June 12, 2014, As a result of stronger than expected demand for business PCs, Intel Corporation (NASDAQ:INTC), now expects second-quarter revenue to be $13.7 billion, plus or minus $300 million, as compared to the previous range of $13.0 billion, plus or minus $500 million. The company is forecasting the mid-point of the gross margin range to increase by 1 point to 64 percent, plus or minus a couple of percentage points, driven mostly by higher PC unit volume. R&D plus MG&A spending is expected to be approximately $4.9 billion, $100 million higher than the prior expectation of approximately $4.8 billion, driven largely by revenue- and profit-dependent items. The tax rate for the second quarter is expected to be 28 percent as compared to the prior expectation of 27 percent due to higher profits in higher tax jurisdictions. The expectation for second-quarter depreciation remains unchanged. Intel Corporation (NASDAQ:INTC), net profit margin is 18.00% and weekly performance is 6.06%. On last trading day company shares ended up $29.95. Analysts mean target price for the company is $29.28. Intel Corporation (NASDAQ:INTC), distance from 50-day simple moving average (SMA50) is 11.83%.
Advanced Micro Devices, Inc. (NYSE:AMD) on June 16 announced that in connection with its previously announced tender offer (the “Tender Offer”) and consent solicitation (the “Consent Solicitation”) with respect to any and all of its outstanding 8.125% Senior Notes due 2017 (the “8.125% Notes”), each commencing on June 2, 2014, AMD has extended the deadline by which holders of the 8.125% Notes (“Holders”) may early tender their 8.125% Notes and receive an additional payment of $20.00 for each $1,000 principal amount of 8.125% Notes purchased pursuant to the Tender Offer (the “Consent Payment”) in accordance with the terms of the Tender Offer (the “Consent Payment Deadline”), for an aggregate purchase price of $1,045.88 per $1,000 principal amount of 8.125% Notes. Advanced Micro Devices, Inc. (NYSE:AMD), advanced 0.68% in last trading session and ended the day on $4.47. AMD, Gross Margin is 36.00% and its return on assets is 1.00%. Advanced Micro Devices, Inc. (NYSE:AMD), quarterly performance is 14.91%.
On June 10, 2014, Atmel Corporation (NASDAQ:ATML), stated that the ultra new launch of Atmel® | SMART™ is the Atmel® MCU and has a expanded SMART portfolio with the modules of SmartConnect SAM W23, enabled with Wi-Fi connectivity, high performing and low power technology for IoT (Internet of Things) application. In the era of IoT, ARM based microcontroller, Atmel® | SMART™ delivers the platform of wireless, energy efficient and intelligent solutions. Atmel Corporation (NASDAQ:ATML), shares moved up 5.25% in last trading session and was closed at $9.63, while trading in range of $9.10 – 9.76. Atmel Corporation (NASDAQ:ATML), year to date (YTD) performance is 22.99%.
ON Semiconductor Corp (NASDAQ:ONNN)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Friday. They currently have a $9.50 price target on the stock.Zacks‘s price objective indicates a potential upside of 5.79% from the stock’s previous close. ON Semiconductor Corp (NASDAQ:ONNN), ended the last trading day at $9.18. Company weekly volatility is calculated as 2.39% and price to cash ratio as 6.56. ON Semiconductor Corp (NASDAQ:ONNN), showed a positive weekly performance of 1.32%.
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