GT Advanced Technologies Inc (NASDAQ:GTAT) surged 2.16% after analysts at Dougherty initiated coverage on the company with a “buy” rating and a $27 price target. GT Advanced Technologies Inc (NASDAQ:GTAT) net profit margin is -40.00% and weekly performance is 4.97%. On last trading day company shares ended up $14.57. Analysts mean target price for the company is $20.67. GT Advanced Technologies Inc (NASDAQ:GTAT) distance from 50-day simple moving average (SMA50) is -11.06%.
Oppenheimer expects the growth of higher end smartphones made by Chinese companies to be “largely favorable” for Himax Technologies, Inc. (ADR) (NASDAQ:HIMX). The firm expects the trends to be favorable for the company’s margins, and it expects the company’s market share in China to rise. However, Oppenheimer thinks the company could lose share in the display driver market. But Oppenheimer keeps an Outperform rating on the stock. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares advanced 3.47% in last trading session and ended the day on $7.45. Gross Margin is 24.90% and its return on assets is 8.30%. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) quarterly performance is -46.17%.
The Children’s Place Retail Stores, Inc. (NASDAQ:PLCE) the largest pure-play children’s specialty apparel retailer in North America, today announced that it entered into a franchise agreement with Grupo David, a leading retail corporation headquartered in Panama, to expand its brand to Latin America and the Caribbean with the potential to open 35 to 40 stores over the next few years beginning in the fall of 2014. Children’s Place Retail Stores, Inc. (NASDAQ:PLCE) shares moved down -2.86% in last trading session and was closed at $45.49, while trading in range of $45.35 – $47.83. Children’s Place Retail Stores, Inc. (NASDAQ:PLCE) year to date (YTD) performance is -19.94%.
Marathon Petroleum Corp (NYSE:MPC) agreed to acquire Hess Corp.’s gasoline stations and retail business for a total of $2.87 billion, expanding its footprint to 23 states from nine. The deal includes all of Hess’s retail locations, transport operations and shipper history on various pipelines, including about 40,000 barrels a day on the Colonial Pipeline, according to a statement today from Findlay, Ohio-based Marathon. Marathon Petroleum Corp (NYSE:MPC) ended the last trading day at $87.69. Company weekly volatility is calculated as 2.18% and price to cash ratio as 11.69. Marathon Petroleum Corp (NYSE:MPC) showed a negative weekly performance of -4.05%.
The Buckle, Inc. (NYSE:BKE) announced today that net income for the fiscal quarter ended May 3, 2014 was $37.3 million, or $0.78 per share ($0.78 per share on a diluted basis). Net sales for the 13-week fiscal quarter ended May 3, 2014 increased 0.7 percent to $271.7 million from net sales of $269.7 million for the prior year 13-week fiscal quarter ended May 4, 2013. Comparable store net sales for the 13-week period ended May 3, 2014 decreased 0.9 percent from comparable store net sales for the prior year 13-week period ended May 4, 2013. The Buckle, Inc. (NYSE:BKE) net profit margin is 14.40% and weekly performance is -5.50%. On last trading day company shares ended up $45.35. Analysts mean target price for the company is $45.40. The Buckle, Inc. (NYSE:BKE) distance from 50-day simple moving average (SMA50) is -1.25%.