Kirby McInerney LLP is investigating potential claims against the Board of Directors of ATMI Inc (NASDAQ:ATMI) concerning the proposed acquisition of the Company by Entegris, Inc. (“Entegris”) (NASDAQ: ENTG). Under the terms of the definitive merger agreement, ATMI stockholders will receive $34.00 in cash for each share of ATMI owned, valuing the transaction at approximately $1.15 billion on a fully-diluted basis. ATMI Inc (NASDAQ:ATMI) stock opened at $33.76 in last trading session, and closed at $33.79, trading in the range of $33.75 – $33.84. The stock showed a positive weekly performance of 18.52%.
RBC Capital downgraded shares of Applied Materials (NASDAQ:AMAT) from an outperform rating to a sector perform rating in a research note released on Monday morning, TheFlyOnTheWall.com reports. They currently have $18.00 target price on the stock, down from their previous target price of $20.00. The analysts noted that the move was a valuation call. Applied Materials, Inc. (NASDAQ:AMAT) shares closed at $16.78 on last trade day, by gaining 0.12%. Stock 52 week range is $12.65 – $18.18. Company’s market capitalization is $20.22 billion.
Entegris Inc (NASDAQ:ENTG) was upgraded by equities research analysts at Sidoti from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. Entegris Inc (NASDAQ:ENTG) stock advanced 11.19% and finished the last session at $11.43. The EPS of the stock remained 0.47. Company’s market capitalization is $1.58 billion.
Lam Research Corp. (NASDAQ:LRCX) was downgraded by research analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a report released on Monday, TheFlyOnTheWall.com reports. They currently have a $57.00 price target on the stock, down from their previous price target of $62.00. RBC Capital’s target price would indicate a potential upside of 12.63% from the company’s current price. Lam Research Corporation (NASDAQ:LRCX) stock opened at $49.00 in last trading session and closed at $49.46. The 52 week range of the stock is $39.94 – $56.52 and the day range was $48.58 – $49.46.