Harwood Feffer LLP is investigating potential claims against the board of directors of Aeroflex Holding Corp. (NYSE:ARX) concerning the proposed acquisition of the Company by Cobham PLC (“Cobham”). Under the terms of the transaction, Cobham will acquire Aeroflex in a deal valuing Aeroflex at approximately $1.5 billion. Aeroflex Holding Corp. (NYSE:ARX) shareholders will receive $10.50 in cash for each company share owned. Aeroflex Holding Corp. (NYSE:ARX) net profit margin is -10.30% and weekly performance is 21.73%. On last trading day company shares ended up $10.42. Analysts mean target price for the company is $10.00. Aeroflex Holding Corp. (NYSE:ARX) distance from 50-day simple moving average (SMA50) is 26.07%.
Solar panel maker SunEdison Inc. (NYSE:SUNE) is spinning off its wafer-making business into a new company called SunEdison Semiconductor Ltd. The Singapore-based company is offering 7.2 million ordinary shares in an expected price range of $13 to $15 a share. Sunedison Inc (NYSE:SUNE) shares fell -3.36% in last trading session and ended the day on $17.57. SUNE Gross Margin is 7.20% and its return on assets is -11.10%. Sunedison Inc (NYSE:SUNE) quarterly performance is 11.48%.
RF Micro Devices, Inc (NASDAQ:RFMD) CFO William A. Priddy sold 25,805 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $8.85, for a total value of $228,374.25. Following the transaction, the chief financial officer now directly owns 554,891 shares of the company’s stock, valued at approximately $4,910,785. RF Micro Devices, Inc. (NASDAQ:RFMD) shares moved down -1.33% in last trading session and was closed at $8.92, while trading in range of $8.88 – $9.09. RF Micro Devices, Inc. (NASDAQ:RFMD) year to date (YTD) performance is 72.87%.
Broadcom Corporation (NASDAQ:BRCM) was upgraded by investment analysts at Morgan Stanley from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday. The analysts wrote, “We think management is closely monitoring the progress of LTE investments and is carefully considering implications to ROI in terms of assessing future investments.” Freedman continued to say, “Stronger contributions, with implied share gains, within its core markets should drive a more attractive GM and OP margin profile. We believe that BRCM could exhibit stronger cost controls going forward, similar to Q1.” Broadcom Corporation (NASDAQ:BRCM) ended the last trading day at $30.30. Company weekly volatility is calculated as 1.58% and price to cash ratio as 6.04. Broadcom Corporation (NASDAQ:BRCM) showed a positive weekly performance of 1.34%.
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