Put players were active in Nokia Corporation’s (ADR) (NYSE:NOK) options pits yesterday, with the contracts trading at more than four times the typical daily pace. The most active put on the day was the April 6 strike, and by the looks of it, one trader in particular braced for a big move lower over the next two months — or perhaps protected their portfolio against one. Nokia Corporation (ADR) (NYSE:NOK) stock opened at $7.61 in last session, and closed at $7.69, while the day range of NOK stock is $7.57-$7.73.The stock showed a positive weekly performance of 5.20%.
Ericsson (ADR) (NASDAQ:ERIC) currently has just over 100 licensees for its IPR, with ongoing negotiations with approximately 40 firms, including renewals of existing business. Based on indications from management, we believe ERIC currently licenses to about two-thirds (in volume terms) of the global smart phone market, with most of the gap coming from low-end Chinese vendors. Ericsson (ADR) (NASDAQ:ERIC) stock opened at $12.80, in last session and closed at $12.80, by loosed -0.39%.The 52 week range was $10.67-$14.22.Company’s market capitalization is $42.30 billion.
Qualcomm, Inc. (NASDAQ:QCOM)’s 64-bit Snapdragon 610 and 615 chips which include Cortex A53 cores with LTE are targeted at mid to low tier LTE SKUs in China. We expect this targeted product approach vs. its prior strip-down parts is a key to meeting its 18-20% op margin goal in its QCT segment as China LTE volumes ramp in 2H14. We estimate total China LTE volume in CY14 at 100M and total LTE at 350M. QUALCOMM, Inc. (NASDAQ:QCOM) stock gained 0.19% and finished the last session at $75.19.The EPS of the stock remained 3.66.Company’s market capitalization is $127.15 billion.
NVIDIA (NASDAQ:NVDA) was upgraded by equities researchers at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued on Monday, Analyst Ratings News reports. NVIDIA Corporation (NASDAQ:NVDA) stock opened the session at $18.71, and closed the session at $18.50. The 52 week range of the NVDA stock remained $12.04-$19.05 and the day range was $18.45-$18.90.
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