Vitesse Semiconductor (NASDAQ:VTSS) announced after the bell Wednesday that it is offering to sell shares of its common stock in an underwritten public offering. The stock is now down $0.40 on 41K shares. Vitesse Semiconductor (NASDAQ:VTSS) net profit margin is -22.10% and weekly performance is -9.36%. On last trading day company shares ended up $3.39. Analysts mean target price for the company is $4.58. Vitesse Semiconductor (NASDAQ:VTSS) distance from 50-day simple moving average is -9.10%.
China-based chipmaker Montage Technology Group Ltd (NASDAQ:MONT) has agreed to be acquired by Chinese state-owned Shanghai Pudong Science and Technology Investment Co. Ltd. or PDSTI for $22.60 per share, the two companies said Wednesday. The deal values Montage’s equity at about $693 million.Montage Technology Group Ltd (NASDAQ:MONT) shares fell -2.33% in last trading session and ended the day on $20.99. MONT Gross Margin is 63.70% and its return on assets is 17.70%. Montage Technology Group Ltd (NASDAQ:MONT) quarterly performance is -3.54%.
Analog Devices Inc., Norwood, company that makes a vast array of signal-processing microchips to power consumer electronic devices, is enlarging its product line in a big way, by purchasing Hittite Microwave Corp (NASDAQ:HITT), of Chelmsford, for $2 billion in cash. Hittite Microwave Corp (NASDAQ:HITT) shares moved down -0.06% in last trading session and was closed at $77.95, while trading in range of $77.89-$78.24. Hittite Microwave Corp (NASDAQ:HITT) year to date performance is 26.91%.
MRV Communications, Inc. (NASDAQ:MRVC) a leading provider of innovative packet and optical solutions, announced that its OptiDriver(TM) optical transport platform has been named a finalist in the 2014 American Business Awards (also known as “The Stevies”) in the Best New Product category. MRV Communications, Inc. (NASDAQ:MRVC) ended the last trading day at $14.50. Company weekly volatility is calculated as 6.27% and price to cash ratio as 3.86. MRV Communications, Inc. (NASDAQ:MRVC) showed a positive weekly performance of 2.11%.