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Stock Market & Financial Investment News

News Breaks
May 28, 2014
09:00 EDTSYNA, HIMXHimax sell-off on potential deal a buying opportunity, says Topeka
Topeka views the sell-off in shares of Himax (HIMX) following news of a potential acquisition of Renesas' SP Driver venture by Synaptics (SYNA) as overdone. The firm believes the potential merger between a display driver and touch vendor validates Himax's strategy, and that the possible deal valuation implies Himax shares are attractive. Topeka recommends adding to Himax positions at current levels and reiterates a Buy rating on the name.
News For HIMX;SYNA From The Last 14 Days
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October 30, 2014
10:18 EDTSYNASynaptics has a conference call hosted by JPMorgan
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October 27, 2014
10:32 EDTSYNAVeriFone rises after Barron's says Apple Pay positive for company
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October 26, 2014
13:28 EDTSYNAApple Pay could make winners of VeriFone, others, Barron's says
Apple Pay (AAPL) could provide long-term investors with confidence in Visa (V) and MasterCard (MA) as well as make winners of VeriFone (PAY), NXP Semiconductors (NXPI), and Synaptics (SYNA), Barron's contends in a feature article. Reference Link
October 24, 2014
09:18 EDTSYNAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Microsoft (MSFT), up 4.3%... KLA-Tencor (KLAC), up 8.8%... Rubicon Project (RUBI), up 17.8%... Gigamon (GIMO), up 16%. ALSO HIGHER: Procter & Gamble (PG), up 2.7% after earning report, announcing plans to exit Duracell business by creating a stand-alone Duracell company... Vitae Pharmaceuticals (VTAE), up 40% following its report of top-line results from two Phase 1 clinical trials... Digital River (DRIV), up 47% after agreeing to be acquired by investor group for $26.00 per share. LOWER: Amazon (AMZN), down 9.3%, downgraded at Cowen and Janney Capital following the company's Q3 report... DryShips (DRYS), down 26% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 4.4% following PDUFA date for Natpara extended three months to January 24... Abercrombie & Fitch (ANF), down 4% after downgraded at Goldman and BMO Capital. DOWN AFTER EARNINGS: Pandora (P), down 7%... Synaptics (SYNA), down 9.9%... Flowserve (FLS), down 5%... New Oriental Education (EDU), down 4%.
08:56 EDTSYNASynaptics price target lowered to $90 from $100 at Cowen
Cowen lowered its price target on Synaptics to $90 from $100, citing lower Q1 revenues and gross margins and the company's reduced guidance for 2015. Cowen maintains it Outperform rating on Synaptics shares.
06:08 EDTHIMXGoogle won't make additional investments in Himax Display, DigiTimes says
Himax announced that Google has decided not to exercise its purchase options to make additional investments in Himax Display, reports DigiTimes. Himax stated that Google will continue to work closely as a strategic partner on future technologies and products and will remain a board observer. Reference Link
October 23, 2014
18:52 EDTSYNAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Rubicon Project (RUBI), up 19.2%... KLA-Tencor (KLAC), up 15.8%... Gigamon (GIMO), up 13.5%... Maxwell (MXWL), up 11.3%... Qlik Technologies (QLIK), up 9.8%... NetSuite (N), up 5.5%... Microsoft (MSFT), up 3.3%... Juniper Networks (JNPR), reverses in after-hours trading and is up 1.4% after reporting third quarter results and announcing a $1.1B increase to the company's share repurchase authorization. ALSO HIGHER: Vitae Pharmaceuticals (VTAE), up 38.6% following positive top-line results from two Phase 1 clinical trials of BI1181181/VTP-37948... Pfizer (PFE), up 1.8% after announcing a new $11B share repurchase program. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.7%... Synaptics(SYNA), down 12.7%... Pandora (P), down 6.8%... Lattice Semiconductor (LSCC), down 5.6%... Maxim Integrated (MXIM), down 5.8%. ALSO LOWER: DryShips (DRYS), down 16.5% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 7.9% following PDUFA date for Natpara extended three months to January 24... GoPro (GPRO), down 2.8% after being initiated with an Underperform at Oppenheimer.
16:34 EDTSYNASynaptics sees Q4 revenue $415M-$450M, consensus $435.8M
Kathy Bayless, CFO, added, "With the growth of Synaptics' core business and the addition of Renesas SP Drivers this quarter, we are very pleased to note that December quarter revenue is expected to be more than double last year's December quarter revenue. Considering seasonal market dynamics and customer ramp cycles, we expect downward sequential revenue trends in our core business from the September quarter. Based on the combined backlog of Synaptics and Renesas SP Drivers of approximately $260 million entering the December quarter, customer forecasts, and expected product mix, we anticipate revenue to be in the range of $415 million to $450 million, a new record for Synaptics."
16:33 EDTSYNASynaptics reports Q1 adjusted EPS $1.04, consensus $1.19
Reports Q1 revenue $283M, consensus $288.38M.
October 22, 2014
09:21 EDTHIMXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
October 21, 2014
18:36 EDTHIMXOn The Fly: After Hours Movers
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17:38 EDTHIMXHimax announces Google will not exercise additional investment option in company
Himax Technologies (HIMX) announced that Google (GOOG) has decided not to exercise its previously issued purchase option to make an additional investment into Himax's subsidiary, Himax Display. Himax has been authorized by Google to make the following statement: "Google continues to work closely with Himax as a strategic partner on future technologies and products and will remain a board observer." Shares of Himax are down 13.7% following the report.
07:22 EDTSYNASynaptics coverage assumed with a Buy at Sterne Agee
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