The boards of directors of Wolfson Microelectronics plc and Cirrus Logic, Inc. (NASDAQ:CRUS) are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of Wolfson by Cirrus Logic pursuant to which Cirrus Logic will acquire the entire issued and to be issued ordinary share capital of Wolfson (the “Acquisition”). It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement. Cirrus Logic, Inc. (NASDAQ:CRUS) shares after opening at $22.33 moved to $22.70 on last trade day and at the end of the day closed at $22.52. Company price to sales ratio in past twelve months was calculated as 1.96 and price to cash ratio as 4.75. Cirrus Logic, Inc. (NASDAQ:CRUS) showed a positive weekly performance of 4.11%.
Trina Solar Limited (ADR) (NYSE:TSL) very impressive revenue growth greatly exceeded the industry average of 3.4%. Since the same quarter one year prior, revenues leaped by 73.6%. Growth in the company’s revenue appears to have helped boost the earnings per share. Trina Solar Limited (ADR) (NYSE:TSL) shares ended the day on $11.29. TSL return on equity ratio is recorded as -8.70% and its return on assets is -2.70%. Trina Solar Limited (ADR) (NYSE:TSL) yearly performance is 113.02%.
GT Advanced Technologies Inc. (NASDAQ:GTAT) of Merrimack, NH, USA (a provider of polysilicon production technology as well as sapphire and silicon crystalline growth systems and materials for the solar, LED and power electronics markets) has announced several new initiatives aimed at expanding its portfolio of sapphire and silicon carbide (SiC) solutions for next-generation consumer and industrial products.GT Advanced Technologies Inc. (NASDAQ:GTAT) shares moved down 1.80% in last trading session and was closed at $16.91, while trading in range of $16.66 – $17.34. GT Advanced Technologies Inc. (NASDAQ:GTAT) year to date (YTD) performance is 93.92%.
ARM Holdings plc (ADR) (NASDAQ:ARMH) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. ARM Holdings plc (ADR) (NASDAQ:ARMH) weekly performance is -5.78%. On last trading day company shares ended up $44.95. ARM Holdings plc (ADR) (NASDAQ:ARMH) distance from 50-day simple moving average (SMA50) is -7.93%. Analysts mean target price for the company is $53.65.
On April 24, 2014, Lattice Semiconductor Corporation (NASDAQ:LSCC) issued a press release announcing the Company’s financial results for the first quarter ended March 29, 2014. Lattice Semiconductor (NASDAQ:LSCC) shares moved down 3.31% in last trading session and was closed at $8.18, while trading in range of $8.15 – $8.54. Lattice Semiconductor (NASDAQ:LSCC) year to date (YTD) performance is 49.00%.