Chipmaker Intel Corporation (NASDAQ:INTC) raised its outlook for the second quarter and the full year yesterday, citing stronger-than-expected demand for personal computers used by businesses. Shares of Intel jumped more than 4% in extended trade as the chipmaker’s improved forecast lifted hopes for a PC industry that been shrinking due to consumers’ preferences for tablets and smartphones. Intel said it now expects second-quarter revenue of US$13.7 billion, plus or minus US$300 million. Intel had previously forecast revenue of US$13 billion, plus or minus US$500 million. Intel Corporation (NASDAQ:INTC) net profit margin is 18.00% and weekly performance is 1.08%. On last trading day company shares ended up $27.96. Analysts mean target price for the company is $26.92. Intel Corporation (NASDAQ:INTC) distance from 50-day simple moving average (SMA50) is 5.21%.
Broadcom Corporation (NASDAQ:BRCM) EVP Terri L. Timberman unloaded 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $37.93, for a total value of $341,370.00. Following the completion of the transaction, the executive vice president now directly owns 245,060 shares in the company, valued at approximately $9,295,126. Broadcom Corporation (NASDAQ:BRCM) shares advanced 0.68% in last trading session and ended the day on $38.26. BRCM gross Margin is 50.50% and its return on assets is 3.50%.Broadcom Corporation (NASDAQ:BRCM) quarterly performance is 27.36%.
VMware Inc. (NYSE:VMW) relationship with Cisco Systems, Inc. (NASDAQ:CSCO), the rival of Hewlett-Packard Company (NYSE:HPQ), is growing increasingly acrimonious and VMware has close ties with SimpliVity. Competing against Cisco will become more effective for HP once it brings SimpliVity into the fold. VMware, Inc. (NYSE:VMW) shares moved down -2.46% in last trading session and was closed at $94.11, while trading in range of $93.61 – $96.63. VMware, Inc. (NYSE:VMW) year to date (YTD) performance is 4.90%.
Marvell Technology Group Ltd. (NASDAQ:MRVL) recently got an upgrade by Nomura on June 11. The stock was upgraded from ‘Neutral’ to ‘Buy’ with price guidance raised from $15 to $19. Shares of Marvel were up by 2.8% following the upgrade. Marvell Technology Group Ltd. (NASDAQ:MRVL) ended the last trading day at $14.94. Company weekly volatility is calculated as 2.48% and price to cash ratio as 3.86.Marvell Technology Group Ltd. (NASDAQ:MRVL) showed a negative weekly performance of -1.45%.
Japan’s Panasonic Corporation (ADR) (OTCMKTS:PCRFY) on Thursday unveiled its new LUMIX DMC-FZ1000, which it claimed is “the world’s first digital compact camera to offer 4K video recording capability.” The camera, which is the latest addition to the company’s popular LUMIX FZ series, will be available in the U.S. in July for $899.99. On last trading day company shares ended up $11.45.