Nokia Corporation (ADR) (NYSE:NOK) hit a 52-week high on Wednesday after the communications company announced it would buy back some of its shares. The company plans to buy up to 370 million shares, or the equivalent of 1.25 billion euros. Nokia will start the buyback after it announces its second-quarter results for the fiscal year 2014, which it plans to reveal on July 24. Nokia Corporation (ADR) (NYSE:NOK) net profit margin is -9.50% and weekly performance is 3.48%. On last trading day company shares ended up $8.33. Analysts mean target price for the company is $8.23. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is 9.98%.
NVIDIA Corporation (NASDAQ:NVDA) EVP Debora Shoquist sold 5,524 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $19.50, for a total transaction of $107,718.00. Following the completion of the transaction, the executive vice president now directly owns 186,480 shares in the company, valued at approximately $3,636,360. NVIDIA Corporation (NASDAQ:NVDA) shares fell -0.10% in last trading session and ended the day on $19.59. NVDA gross Margin is 55.00% and its return on assets is 7.90%.NVIDIA Corporation (NASDAQ:NVDA) quarterly performance is 6.06%.
Cisco Systems Inc. (NASDAQ:CSCO) is making its second acquisition of the year in as many months, agreeing Tuesday to pay $175 million for Sweden networking software developer Tail-f Systems, according to Re/code. Cisco Systems, Inc. (NASDAQ:CSCO) shares moved up 0.53% in last trading session and was closed at $24.63, while trading in range of $24.46 – $24.75. Cisco Systems, Inc. (NASDAQ:CSCO) year to date (YTD) performance is 11.60%.
LDK Solar Co., Ltd. (ADR) (OTCMKTS:LDKSY) in provisional liquidation and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced on 25 April that its Chinese subsidiary, Jiangxi LDK Solar Hi-Tech Co., Ltd. (“Jiangxi LDK Solar”), has signed a wafer supply agreement with Solartech Energy Corporation, a Taiwanese company listed on the Taiwan exchange with solar collection manufacturing operations. Under the terms of the agreement, Jiangxi LDK Solar will provide wafers totaling 765 megawatts with shipments commencing in May 2014 through April 2017. LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY) ended the last trading day at $0.620.
Giant of China’s computer industry, Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) is once again in the news with United States government approval of its IBM Corp server takeover rumored to be less than a given. Lenovo’s managers have often said publicly that it’s the company’s goal to be the first Chinese company to reach genuine global brand status. On last trading day company shares ended up $25.75.