Diodes Incorporated (NASDAQ:DIOD), a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete, logic and analog semiconductor markets, provided updated guidance for the second quarter ending June 30, 2014. The Company currently expects second quarter revenue to range between $218 million and $227 million, or up 3.9 percent to 8.1 percent sequentially, compared to its original guidance of between $216 million and $229 million, or up 2.9 percent to 9.1 percent sequentially. Additionally, Diodes is raising its gross profit margin guidance from 30.5 percent, plus or minus 2 percent, to 31.0 percent, plus or minus 2 percent. Diodes is maintaining its prior guidance for operating expenses to be approximately 21.8 percent of revenue, plus or minus 1 percent, income tax rate to range between 19 and 25 percent, and shares used to calculate GAAP earnings per share to be approximately 48.2 million. Diodes Incorporated (NASDAQ:DIOD), net profit margin is 4.50% and weekly performance is 8.07%. On last trading day company shares ended up $29.47. Analysts mean target price for the company is $30.78. Diodes Incorporated (NASDAQ:DIOD), distance from 50-day simple moving average (SMA50) is 9.19%.
Skyworks Solutions Inc (NASDAQ:SWKS), offers a solution in the form of ultra-low noise amplifiers that offer improved receiver sensitivity along with dynamic range of 4G applications. Skyworks Solutions Inc (NASDAQ:SWKS), fell 0.26% in last trading session and ended the day on $46.69. SWKS, Gross Margin is 43.80% and its return on assets is 13.50%. Skyworks Solutions Inc (NASDAQ:SWKS), quarterly performance is 28.27%.
Analog Devices, Inc. (NASDAQ:ADI ), a global leader in high-performance semiconductors for signal processing applications, and Hittite Microwave Corp (NASDAQ:HITT), an innovative designer and manufacturer of high performance integrated circuits, modules, subsystems and instrumentation for RF, microwave and millimeter wave applications, announced that the two companies have entered into a definitive agreement whereby ADI will acquire Hittite for $78 per share in cash. The closing price of Hittite’s common stock on June 6, 2014 was $60.56 per share. Hittite Microwave Corp (NASDAQ:HITT), shares moved up 28.63% in last trading session and was closed at $77.90, while trading in range of $77.71 – 78.39. Hittite Microwave Corp (NASDAQ:HITT), year to date (YTD) performance is 26.83%.
Broadcom Corporation (NASDAQ:BRCM), CEO Scott A. Mcgregor sold 125,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $37.95, for a total transaction of $4,743,750.00. Following the transaction, the chief executive officer now directly owns 1,761,547 shares of the company’s stock, valued at approximately $66,850,709. Broadcom Corporation (NASDAQ:BRCM), ended the last trading day at $38.11. Company weekly volatility is calculated as 3.07% and price to cash ratio as 7.60. Broadcom Corporation (NASDAQ:BRCM), showed a positive weekly performance of 9.39%.
On June 06, 2014, RF Micro Devices, Inc. (NASDAQ:RFMD), wireless solutions, radio system and broadband communications maker continues to grow in Apple Inc shadow. The previous quarter results are a point to prove. The revenue results showed that the company had net revenue in the region of $256 million for the fourth quarter. RF Micro Devices, Inc. (NASDAQ:RFMD), net profit margin is 1.10% and weekly performance is 3.72%. On last trading day company shares ended up $9.75. Analysts mean target price for the company is $10.46. RF Micro Devices, Inc. (NASDAQ:RFMD), distance from 50-day simple moving average (SMA50) is 13.91%.