In a $1.6 billion all-stock deal, Greensboro, N.C.-based RF Micro Devices (Nasdaq: RFMD) agreed to acquire Hillsboro, Ore.-headquartered TriQuint Semiconductor Inc. (Nasdaq:TQNT). Billed by both chipmakers as a merger of equals, TriQuint and RF Micro will form a new company with a new name and new leadership that will offer a broader range of mobile chips. The companies say the deal will provide growth opportunities in the mobile devices, network infrastructure, and aerospace/defense sectors. RF Micro Devices, Inc. (NASDAQ:RFMD) stock opened at $6.66 in last session, and closed at $7.03, while the day range of RFMD stock is $6.44-$7.08.The stock showed a positive weekly performance of 19.56%.
Inovio Pharmaceuticals Inc(NYSEMKT:INO), one of the leading biotechnology companies in the crowded cutting edge pharmaceutical companies does hold the highest promise. Working extensively on vaccine development, the company has been committed and largely focused on one of the most innovative and highly-advanced platforms for targeted results and has since adopted the – DNA platform. Inovio Pharmaceuticals Inc (NYSEMKT:INO) stock opened at $3.40, in last session and closed at $3.72, by gained 15.53%.The 52 week range was $0.49-$3.95. Company’s market capitalization is $775.16 million.
Shares of J.C. Penney Co. Inc. (NYSE: JCP) were battered in early trading Monday morning. The company is scheduled to report earnings after markets close on Wednesday, and that is reason enough for investors to bail. The company reported preliminary results earlier this month that were barely better than nothing and well below expectations. Then it said that it would close 33 stores and fire more than 2,000 employees. J.C. Penney Company, Inc. (NYSE:JCP) stock loosed -7.27% and finished the last session at $5.23.The EPS of the stock remained -8.70.Company’s market capitalization is $1.59 billion.
GT Advanced Technologies Inc. (NASDAQ:GTAT)’s partnership with the industry heavyweight Apple Inc (NASDAQ:AAPL) may be a game changer for the company but it has more aces up its sleeves. The company is into sapphire glass and related technologies and the use of sapphire glass extends beyond smartphones and tablets. GT Advanced Technologies Inc (NASDAQ:GTAT) stock opened the session at $13.06, and closed the session at $14.14. The 52 week range of the GTAT stock remained $2.61-14.32 and the day range was $12.84-$14.32.