Trader’s Recap: Sanmina (NASDAQ:SANM), LG Display (NYSE:LPL), Alliance Fiber Optic Products (NASDAQ:AFOP), Nam Tai Property (NYSE:NTP), Silicon Motion Technology (NASDAQ:SIMO)

June 6, 2014 — Sanmina Corporation (NASDAQ:SANM) is calling for redemption on July 7, 2014, $135,585,000 in aggregate principal amount of its 7% Senior Notes due 2019 (the “Notes”). The aggregate principal amount of the Notes currently outstanding is approximately $235,585,000. The CUSIP numbers for the Notes being called for redemption are 800907AQ0 and U80024AE9. Upon redemption, holders of the Notes being redeemed will receive $1,052.50 per $1,000 principal amount of Notes, plus accrued and unpaid interest on the Notes being redeemed to, but excluding, the redemption date. Sanmina Corp (NASDAQ:SANM) net profit margin is 1.70% and weekly performance is 10.31%. On last trading day company shares ended up $22.36. Analysts mean target price for the company is $19.86. Sanmina Corp (NASDAQ:SANM) distance from 50-day simple moving average (SMA50) is 14.67%.

LG Display Co Ltd. (ADR) (NYSE:LPL) was upgraded by research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a report released on Monday, TheFlyOnTheWall.com reports.LG Display Co Ltd. (ADR) (NYSE:LPL) shares fell -0.14% in last trading session and ended the day on $14.48. Gross Margin is 13.40% and its return on assets is 1.60%. LG Display Co Ltd. (ADR) (NYSE:LPL) quarterly performance is 34.20%.

On June 2, Alliance Fiber Optic Products Inc (NASDAQ:AFOP) tumbled -9.10% after SEC filing revealed Alliance Fiber Optic Products CEO Peter Chang sold a total of 203,332 shares between Tuesday and Wednesday at a price of roughly $21.06 per share. Alliance Fiber Optic Products Inc (NASDAQ:AFOP) shares moved up 0.41% in last trading session and was closed at $21.79, while trading in range of $21.50 – $21.84. Alliance Fiber Optic Products Inc (NASDAQ:AFOP) year to date (YTD) performance is 44.78%.

Nam Tai Property Inc (NYSE:NTP) announced the results of the Company’s Annual Meeting of Shareholders (the “AGM”) held in Shenzhen, China on June 6, 2014. At the AGM, the shareholders approved and ratified: (i) the appointment of Mr. Ming Kown Koo, Mr. Charles Chu, Mr. Peter R. Kellogg, Dr. Wing Yan (William) Lo and Mr. Mark Waslen as members of the Board of Directors to serve for the ensuing year; and (ii) the appointment of Moore Stephens as independent registered public accounting firm of the Company for the year ending December 31, 2014. Nam Tai Property Inc (NYSE:NTP) ended the last trading day at $7.91. Company weekly volatility is calculated as 1.85% and price to cash ratio as 1.50. Nam Tai Property Inc (NYSE:NTP) showed a negative weekly performance of -0.38%.

June 4, 2014 — Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO)a global leader in designing and marketing NAND flash controllers for solid state storage devices, announced that its SM2246EN SATA (6Gb/s) client SSD controller now supports Micron’s 16nm 128 gigabit (Gb) MLC NAND flash, ideal for high performance, high capacity SSD solutions up to 1 Terabyte. Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) net profit margin is 12.10% and weekly performance is 7.34%. On last trading day company shares ended up $18.08. Analysts mean target price for the company is $20.94. Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) distance from 50-day simple moving average (SMA50) is 9.92%.