Qualcomm Technologies, Inc., a wholly owned subsidiary of QUALCOMM, Inc. (NASDAQ:QCOM) announced that the Qualcomm® Snapdragon™ 805 processor and Qualcomm® Gobi™ 9×35 modem are powering the Samsung Galaxy S5 Broadband LTE-A in Korea, the world’s first commercially available LTE Advanced Cat 6 smartphone. The Samsung Galaxy S5 Broadband LTE-A smartphone is the first commercial mobile device to feature the Snapdragon 805 processor and Gobi 9×35 LTE Advanced Category 6 modem, enabling Ultra HD video capture and playback, connectivity for mobile web streaming and downloads and a leading-edge graphics and gaming experience for consumers. QUALCOMM, Inc. (NASDAQ:QCOM) net profit margin is 26.90% and weekly performance is -0.03%. On last trading day company shares ended up $79.19. Analysts mean target price for the company is $85.53. QUALCOMM, Inc. (NASDAQ:QCOM) distance from 50-day simple moving average (SMA50) is 7.69%.
VMware (NYSE:VMW) was upgraded by Piper Jaffray from a “neutral” rating to an “overweight” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. VMware, Inc. (NYSE:VMW) shares advanced 0.58% in last trading session and ended the day on $95.28. VMW Gross Margin is 85.60% and its return on assets is 8.50%. VMware, Inc. (NYSE:VMW) quarterly performance is -12.87%.
Broadcom (NASDAQ:BRCM) was the recipient of a significant drop in short interest in the month of May. As of May 30th, there was short interest totalling 11,066,875 shares, a drop of 13.6% from the May 15th total of 12,810,746 shares, American Banking and Market News reports. Based on an average daily volume of 5,129,203 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.1% of the shares of the company are short sold. Broadcom Corporation (NASDAQ:BRCM) shares moved down -0.05% in last trading session and was closed at $38.46, while trading in range of $38.14 – $38.55. Broadcom Corporation (NASDAQ:BRCM) year to date (YTD) performance is 30.73%.
Nomura upgraded shares of Marvell Technology Group (NASDAQ:MRVL) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning, TheFlyOnTheWall.com reports. The firm currently has $19.00 price target on the stock, up from their previous price target of $15.00. Marvell Technology Group Ltd. (NASDAQ:MRVL) ended the last trading day at $14.78. Company weekly volatility is calculated as 2.47% and price to cash ratio as 3.81. Marvell Technology Group Ltd. (NASDAQ:MRVL) showed a negative weekly performance of -2.44%.
Netherlands public radio signs six-year services deal with Ericsson (ADR) (NASDAQ:ERIC). Contract covers six public radio stations and NPO has the option of extending the agreement; Ericsson will coordinate and manage playout for the six radio stations while prioritizing quality, continuity, efficiency and innovation ; NPO and Ericsson continue their longstanding relationship, benefitting the national broadcaster`s listeners. Ericsson (ADR) (NASDAQ:ERIC) shares moved up 0.66% in last trading session and was closed at $12.23, while trading in range of $102.1 – $12.26. Ericsson (ADR) (NASDAQ:ERIC)year to date (YTD) performance is 3.56%.