Sunedison Inc (NYSE:SUNE), is buying AES’ 50% stake in Silver Ridge Power (SRP) for an undisclosed sum. The deal gives SunEdison 50% ownership of 336MW of operating solar projects, and 40% ownership of a 183MW CA solar project to be finished in 2016. (PR)The remaining 50% stake in SRP will continue to be owned by Riverstone Holdings. But Riverstone and SunEdison expect SRP to contribute a 266MW operating CA solar project in its possession to SunEdison’s TerraForm Power (TERP) YieldCo unit.SunEdison also expects to buy Riverstone’s share of SRP’s interest in the 183MW project, and to contribute a 40% interest in the project to TerraForm in 2016. Sunedison Inc (NYSE:SUNE), net profit margin is 53.00% and weekly performance is 15.01%. On last trading day company shares ended up $22.15. Analysts mean target price for the company is $23.09. Sunedison Inc (NYSE:SUNE), distance from 50-day simple moving average (SMA50) is 17.45%.
RF Micro Devices Inc. (NASDAQ:RFMD), VP James D. Stilson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $9.85, for a total value of $98,500.00. Following the transaction, the vice president now directly owns 511,677 shares of the company’s stock, valued at approximately $5,040,018. RF Micro Devices Inc. (NASDAQ:RFMD), advanced 3.05% in last trading session and ended the day on $10.13. RFMD, Gross Margin is 35.30% and its return on assets is 1.40%. RF Micro Devices Inc. (NASDAQ:RFMD), quarterly performance is 30.54%.
Marvell Technology Group Ltd. (NASDAQ:MRVL), was downgraded by research analysts at Susquehanna from a “positive” rating to a “neutral” rating in a report released on Friday,TheFlyOnTheWall.com reports. They currently have a $16.00 price target on the stock, down from their previous price target of $19.00. Susquehanna’s price objective suggests a potential upside of 9.66% from the company’s current price. Marvell Technology Group Ltd. (NASDAQ:MRVL), shares moved up 1.64% in last trading session and was closed at $14.83, while trading in range of $14.58 – 14.94. The Southern Company (NYSE:SO), year to date (YTD) performance is 3.92%.
On June 12, 2014, Semiconductor manufacturing company, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), having agreed to build computer chips for Intel Corporation (NASDAQ:INTC) has filed a lawsuit seeking to block Zond LLC from infringing 6 of its U.S Patents used for making microchips. The company claims that Zond is using “One size fits” patents to collect licensing fees and other settlements that bear no relation to the value of the patents. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), ended the last trading day at $21.26. Company weekly volatility is calculated as 47.50% and price to cash ratio as 15.70. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), showed a negative weekly performance of 10.84%.
Broadcom Corporation (NASDAQ:BRCM), has announced getting into a partnership agreement with Globostat, a Brazil based satellite television service and multi channel cable provider and Elemental, leading software defined video services providing company which provides solutions for multi screen content globally. Broadcom Corporation (NASDAQ:BRCM), net profit margin is 4.80% and weekly performance is 1.42%. On last trading day company shares ended up $38.48. Analysts mean target price for the company is $38.91. Broadcom Corporation (NASDAQ:BRCM), distance from 50-day simple moving average (SMA50) is 20.98%.
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