The National Bank of Greece (NYSE:NBG) announced on Friday it had successfully completed its equity offering, with its new shares priced at 2.2 euros each as the order book closed Thursday. NBG aims to raise 2.5 billion euros to boost its capital base. NBG is the latest Greek bank to tap the equity markets for a capital increase as the prospects of Greek economy‘s growth renew confidence in the country’s banking system. National Bank of Greece (ADR) (NYSE:NBG) net profit margin is 11.10% and weekly performance is -7.65%. On last trading day company shares ended up $3.62. Analysts mean target price for the company is $4.65. National Bank of Greece (ADR) (NYSE:NBG) distance from 50-day simple moving average (SMA50) is -25.58%.
Leading semiconductor manufacturer Broadcom Corp. (NASDAQ:BRCM) reported modest first quarter 2014 results buoyed by stronger-than-expected gross margin and stringent cost-cutting measures. GAAP net income for the reported quarter was $165 million or 28 cents per share versus $191 million or 33 cents in the year-ago quarter. The year-over-year decrease in earnings was primarily attributable to lower revenues. Broadcom Corporation (NASDAQ:BRCM) shares fell -0.50% in last trading session and ended the day on $29.74. BRCM gross Margin is 50.50% and its return on assets is 3.50%.Broadcom Corporation (NASDAQ:BRCM) quarterly performance is -1.98%.
Marvell (NASDAQ:MRVL) announced on 5 may that an emerging Smart Home leader Broadlink Electronics Technologies has selected Marvell’s Wi-Fi microcontroller Internet of Things (IoT) platform to power Broad link’s family of products for Smart Home automation. Marvell Technology Group Ltd. (NASDAQ:MRVL) shares moved up 0.52% in last trading session and was closed at $15.48, while trading in range of $15.16 – $15.54. Marvell Technology Group Ltd. (NASDAQ:MRVL) year to date (YTD) performance is 8.10%.
Sources inform”Globes” that Qualcomm Corporation (NASDAQ:QCOM) will acquire high-speed wireless chipset developer Wilocity Ltd. for more than $300 million. Qualcomm has been seeking to acquire an Israeli company in this sector for a long time. It previously invested in Wilocity, has sits on its board of directors. QUALCOMM, Inc. (NASDAQ:QCOM) ended the last trading day at $79.50. Company weekly volatility is calculated as 1.60% and price to cash ratio as 8.07.QUALCOMM, Inc. (NASDAQ:QCOM) showed a positive weekly performance of 0.65%.
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