LSI Corp (NASDAQ:LSI), is one of the market leaders with PCI Express SSD technology, which can enhance storage performance of regular storage drives due to the fast connectivity offered. PCIe storage is presently a niche domain, but is expected to mature soon. Going forward, LSI’s components business is expected to contribute an estimated $40-50 million per quarter during fiscal 2015. On last trading day company shares ended up $11.14.
Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Edwin Medlin sold 38,051 shares of the stock on the open market in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $35.45, for a total transaction of $1,348,907.95. Following the sale, the vice president now directly owns 29,786 shares of the company’s stock, valued at approximately $1,055,914. Maxim Integrated Products Inc. (NASDAQ:MXIM) shares fell -0.26% in last trading session and ended the day on $35.00. MXIM gross Margin is 57.30% and its return on assets is 9.50%.Maxim Integrated Products Inc. (NASDAQ:MXIM) quarterly performance is 11.11%.
On May 7, 2014, PMC-Sierra Inc. (NASDAQ:PMCS) entered into a new Executive Employment Agreement effective as of April 28, 2014, with its Chief Executive Officer, Gregory Lang, in connection with the expiration of the prior Amended and Restated Executive Employment Agreement (the “Prior Agreement”) effective as of February 22, 2012 between the Company and Mr. Lang. PMC-Sierra Inc. (NASDAQ:PMCS) shares moved down -1.19% in last trading session and was closed at $7.48, while trading in range of $7.42 – $7.64. PMC-Sierra Inc. (NASDAQ:PMCS) year to date (YTD) performance is 16.33%.
Marvell Technology Group Ltd. (NASDAQ:MRVL) downgraded to Neutral from Positive by Susquehanna. Marvell Technology Group Ltd. (NASDAQ:MRVL) ended the last trading day at $14.89. Company weekly volatility is calculated as 2.75% and price to cash ratio as 3.84.Marvell Technology Group Ltd. (NASDAQ:MRVL) showed a negative weekly performance of -1.72%.
The communications integrated circuit supplier, Vitesse Semiconductor (NASDAQ:VTSS) recently announced a public offering of its 7.4 million common shares and has revealed intentions to use the net proceeds for working capital requirements. Vitesse Semiconductor (NASDAQ:VTSS) net profit margin is -22.10% and weekly performance is -3.57%. On last trading day company shares ended up $3.51. Analysts mean target price for the company is $4.58. Vitesse Semiconductor (NASDAQ:VTSS) distance from 50-day simple moving average (SMA50) is -5.46%.