Semiconductor Integrated Circuits: Sunedison (NYSE:SUNE), RF Micro Devices (NASDAQ:RFMD), China Sunergy (NASDAQ:CSUN)
Sunedison Inc (NYSE:SUNE) dropped a solar power project in India as local equipment shortages and prices make it unviable. Sunedison Inc (NYSE:SUNE), shares after opening at $17.30 moved to $18.55 on last trade day and at the end of the day closed at $18.46. Company price to sales ratio in past twelve months was calculated as 2.46 and price to cash ratio as 8.60. Sunedison Inc (NYSE:SUNE), showed a negative weekly performance of -6.96%.
RF Micro Devices, Inc. (NASDAQ:RFMD)’s stock gained 4.94% to $8.08. The company on Mar. 25 announced it has signed a $9.7 million agreement with the Manufacturing and Industrial Technologies Directorate within the Air Force Research Laboratory (AFRL) to transfer and produce a 0.14 micron Gallium Nitride (GaN) monolithic microwave integrated circuit (MMIC) technology. The technology will be scaled to 6-inch diameter wafers using RFMD’s industry-leading 6-inch GaN-on-Silicon Carbide (SiC) manufacturing line. RF Micro Devices, Inc. (NASDAQ:RFMD), shares advanced 1.73% in last trading session and ended the day on $8.22. RF Micro Devices, Inc. (NASDAQ:RFMD), return on equity ratio is recorded as –0.40% and its return on assets is -0.20%. RF Micro Devices, Inc. (NASDAQ:RFMD), yearly performance is 53.36%.
Solar cell and Solar Module manufacturer, China Sunergy Co Ltd (NASDAQ:CSUN), has hinted that it expects to record higher shipments for this year after registering higher than expected sales for its recent fourth Quarter. As a result of improved sales, the solar panel maker was able to report a smaller than expected loss for the quarter. The company has not been profitable for the past 11 even quarters. China Sunergy Co Ltd (NASDAQ:CSUN), weekly performance is -1.73%. On last trading day company shares ended up $5.10. China Sunergy Co Ltd (NASDAQ:CSUN), distance from 50-day simple moving average (SMA50) is -4.45%. Analysts mean target Price for the company is $6.50.
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