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Stock Market & Financial Investment News

News Breaks
August 20, 2014
12:45 EDTCODE, POWI, SMTC, IFNNY, FCS, IRFInfineon acquires International Rectifier in $3B deal
German semiconductor maker Infineon (IFNNY) agreed to buy U.S. chip marker International Rectifier (IRF) for $40 per share, the companies just announced. WHAT'S NEW: International Rectifier will be acquired by Infineon for $40 per share in cash, or $3B. Infineon said that the deal would create "a highly complementary and innovative semiconductor product portfolio, distribution strength and a stronger regional presence." It will also "complement Infineonís expertise in power semiconductors and add system know-how in power conversion, while expanding its expertise in compound semiconductors and driving greater economies of scale in production," the German company stated. WHAT'S NOTABLE: Before Infineon and International Rectifier announced the deal, Bloomberg reported that Infineon was nearing a deal to acquire a semiconductor company for $2B, but did not name the takeover target. The news service identified Power Integrations (POWI), Fairchild Semiconductor (FCS) and Semtech (SMTC) as takeover targets in the semiconductor space that have market capitalizations under $2B. The shares of all three companies, along with those of semiconductor company Spansion (CODE), rose following Bloomberg's report. Those four stocks gave back some of their gains after International Rectifier's shares were halted for news shortly before 12 PM ET. PRICE ACTION: In early afternoon trading, International Rectifier jumped 47% to $39, while Infineon gave back 3% to $11.20. Power Integrations climbed 4% to $60, Fairchild Semiconductor advanced 6% to $17, Semtech climbed 4% to $24, and Spansion gained 3% to $19.80.
News For IRF;IFNNY;POWI;FCS;SMTC;CODE From The Last 14 Days
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November 21, 2014
07:27 EDTCODENeedham to hold a tour
Needham Tech Tour travels throughout Silicon Valley on November 20-21.
November 19, 2014
18:22 EDTSMTCOn The Fly: After Hours Movers
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16:34 EDTSMTCSemtech sees Q4 EPS 32c-34c, consensus 41c
Sees Q4 revenue $128M-$132M, consensus $139.99M.
16:32 EDTSMTCSemtech reports Q3 EPS ex-items 46c, consensus 44c
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15:31 EDTSMTCNotable companies reporting after market close
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November 18, 2014
08:02 EDTFCSFairchild weakness on COO change a buying opportunity, says Morgan Stanley
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November 17, 2014
13:07 EDTFCSFairchild to resume trading at 1:30 pm ET
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13:04 EDTFCSFairchild says Ullal had 'different perspectives' than company
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13:01 EDTFCSFairchild president and COO Vijay Ullal departs company
Fairchild announced management changes that streamline the company's reporting structure. Vijay Ullal, president and COO, has departed the company. The changes are effective immediately. The company announced that this team will report directly to Mark Thompson, Fairchild's chairman and CEO. The changes are effective immediately.
13:00 EDTFCSFairchild president and COO Vijay Ullal departs company
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12:56 EDTFCSFairchild trading halted, pending news
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November 14, 2014
10:22 EDTCODESpansion management to meet with Roth Capital
Meeting to be held in San Francisco on November 17 hosted by Roth Capital.
November 12, 2014
07:04 EDTCODESpansion licenses ARM's Cortex-M7 processor
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November 9, 2014
15:40 EDTPOWIPower Integrations management to meet with Sidoti
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