San Jose, California–based InvenSense, Inc. (NYSE:INVN) announced (July 7, 2014) that it has signed a definitive agreement to acquire Trusted Positioning Inc. (TPI), a privately-held indoor/outdoor positioning software company based in Calgary, Alberta, Canada, and Movea, a provider of software for low-power location, activity tracking, and context sensing. InvenSense Inc. (NYSE:INVN) net profit margin is 11.90% and weekly performance is 9.00%. On last trading day company shares ended up $23.97. Analysts mean target price for the company is $23.33. InvenSense Inc. (NYSE:INVN) distance from 50-day simple moving average (SMA50) is 18.67%.
Globalstar Inc. (NYSEMKT:GSAT) the company behind the affordable Spot satellite phone, has a new device on the market that can turn any smartphone into a globally connected handset. Globalstar, Inc. (NYSEMKT:GSAT) shares declined -0.67% in last trading session and ended the day on $4.43. GSAT gross Margin is 41.40% and its return on assets is -59.50%.
On June 25, 2014, Memorial Resource Development Corp., a Delaware corporation (NASDAQ:MRD), entered into a purchase agreement (the “Purchase Agreement”), by and among the Company, the subsidiary guarantors named therein (the “Guarantors”), and Citigroup Global Markets Inc., as representative of the several initial purchasers listed therein (collectively, the “Initial Purchasers”), pursuant to which the Company agreed to issue and sell to the Initial Purchasers $600,000,000 in aggregate principal amount of the Company’s 5.875% senior notes due 2022 (the “Notes”). Memorial Resource Development Corp (NASDAQ:MRD) shares moved up 1.40% in last trading session and was closed at $25.36, while trading in range of $25.36 – $25.36. Memorial Resource Development Corp (NASDAQ:MRD) year to date (YTD) performance is 14.44%.
Cadence Design Systems, Inc. (NASDAQ:CDNS) to announce second quarter 2014 financial results via webcast on 21st July. Cadence Design Systems Inc. (NASDAQ:CDNS) ended the last trading day at $17.48. Company weekly volatility is calculated as 1.08% and price to cash ratio as 8.04.Cadence Design Systems Inc. (NASDAQ:CDNS) showed a positive weekly performance of 0.81%.