Zacks reaffirmed their outperform rating on shares of Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM), in a report released on Friday. Zacks currently has a $12.46 price objective on the stock. Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM), net profit margin is -19.60% and weekly performance is -1.71%. On last trading day company shares ended up $9.22. Analysts mean target price for the company is $15.00. Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM), distance from 50-day simple moving average (SMA50) is 4.45%.
Cirrus Logic, Inc. (NASDAQ:CRUS), was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 10,596,730 shares, a decrease of 9.4% from the April 30th total of 11,694,824 shares, American Banking News.com reports. Based on an average daily trading volume, of 1,192,713 shares, the days-to-cover ratio is currently 8.9 days. Currently, 17.1% of the company’s shares are short sold. Cirrus Logic, Inc. (NASDAQ:CRUS), fell 3.67% in last trading session and ended the day on $22.58. CRUS, Gross Margin is 49.90% and its return on assets is 17.70%. Cirrus Logic, Inc. (NASDAQ:CRUS), quarterly performance is 17.18%.
Comverse Inc (NASDAQ:CNSI), reported a first quarter loss of $0.72 per share Monday morning, compared to the loss of $0.14 per share last year. Analysts expected a profit of $0.06 per share. Comverse Inc (NASDAQ:CNSI), shares moved down 8.53% in last trading session and was closed at $22.83, while trading in range of $22.00 – 23.60. Comverse Inc (NASDAQ:CNSI), year to date (YTD) performance is 23.67%.
On June 02, 2014, AudioCodes Ltd. (NASDAQ:AUDC), a leading provider of converged voice solutions that enable enterprises and service providers to transition to all-IP voice networks, announced that its Session Border Controller (SBC) products have been selected by toplink GmbH, one of Germany’s leading alternative telecommunication service providers. toplink incorporates AudioCodes’ SBCs to enable seamless connectivity between the Lync deployments of enterprise customers and toplink’s SIP trunking network. AudioCodes Ltd. (NASDAQ:AUDC), ended the last trading day at $6.68. Company weekly volatility is calculated as 3.36% and price to cash ratio as 3.21. AudioCodes Ltd. (NASDAQ:AUDC), showed a negative weekly performance of 3.09%.
On June 03, 2014, Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL), a developer, owner and operator of casino gaming and entertainment resort facilities in Asia, announced that the development of the Company’s Studio City project is on track for a mid-2015 opening. Studio City International Holdings Limited (“SCH”), the developer of Studio City, increased the Studio City construction budget (including construction and fit out costs, design and consultant fees) by approximately US$300 million, from approximately US$2.0 billion to approximately US$2.3 billion. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL), net profit margin is 15.50% and weekly performance is -13.74%. On last trading day company shares ended up $30.71. Analysts mean target price for the company is $49.81. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL), distance from 50-day simple moving average (SMA50) is -12.25%.