Stocks to Watch: Broadcom Corporation (NASDAQ:BRCM), Align Technology (NASDAQ:ALGN), Yasheng Group (OTCMKTS:HERB), HSBC Holdings (NYSE:HSBC)

Broadcom Corporation (NASDAQ:BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, yesterday announced that Lava International Limited, one of the region’s fastest growing mobile device providers, selected Broadcom’s quad-core HSPA+ turnkey platform for Lava’s newly released QPAD e704 tablet. Broadcom Corporation (NASDAQ:BRCM) shares after opening at $29.86 moved to $29.87 on last trade day and at the end of the day closed at $29.87. Company price to sales ratio in past twelve months was calculated as 2.10 and price to cash ratio as 7.18. Broadcom Corporation (NASDAQ:BRCM) showed a negative weekly performance of -3.86%.

Zacks downgraded shares of Align Technology (NASDAQ:ALGN) from an outperform rating to a neutral rating in a research note released on Thursday morning, Stock Ratings Network reports. They currently have $57.00 target price on the stock. Align Technology, Inc. (NASDAQ:ALGN) shares advanced 1.23% in last trading session and ended the day on $51.68. ALGN return on equity ratio is recorded as 11.20% and its return on assets is 8.50%. Align Technology, Inc. (NASDAQ:ALGN) yearly performance is 67.90%.

Yasheng Group (OTCMKTS:HERB) and Natural Capital Investment Ltd are delighted to announce that following the change of name of the latter’s operation and in accordance with the spirit of the Memorandum of Understanding and the Joint Venture Term Sheet it had entered into with Yasheng Group in 2013, they have now adjusted all the relevant documentation accordingly to reflect the change of name and the two companies are taking all the necessary steps to complete the relevant documentation to be able to start a joint operation to conduct the acquisition, development and commercialisation of land-based assets representing high value both in terms of income and positive eco-social impacts in the developing world, Latin America in particular. Yasheng Group (OTCMKTS:HERB) shares moved up 0.78% in last trading session and was closed at $1.30, while trading in range of $1.21 – $1.32.

HSBC Holdings plc (ADR) (NYSE:HSBC) gets the go ahead to sue Deutsche Bank over reps and warrants. HSBC Holdings plc (ADR) (NYSE:HSBC) weekly performance is 0.23%. On last trading day company shares ended up $51.96. HSBC Holdings plc (ADR) (NYSE:HSBC) distance from 50-day simple moving average (SMA50) is 1.55%. Analysts mean target price for the company is $65.10.