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Stock Market & Financial Investment News

News Breaks
January 8, 2013
12:55 EDTSPRD, SPRD, MXL, MXL, INVN, INVN, AMBA, AMBA, MRVL, MRVL, SIMO, SIMO, CAVM, CAVMNeedham to host management meetings at 2013 International CES
Needham's Management Meetings at CES will be held in Las Vegas on January 7-9; on January 8, meetings start at 1 pm with Spreadtrum, followed by MaxLinear, InvenSense, Ambarella, Marvell, Silicon Motion and Cavium.
News For SPRD;MXL;INVN;AMBA;MRVL;SIMO;CAVM From The Last 14 Days
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November 26, 2014
07:05 EDTAMBAGoPro poised for strong holiday season, says Piper Jaffray
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November 25, 2014
13:03 EDTINVNInvenSense continues to have downside risk, says Pacific Crest
Pacific Crest said InvenSense assumes 100% market share for their motion sensors in both the iPhone and Samsung phones to make guidance, but both STMicroelectronics and Bosch are gaining share at both companies. The analyst expects earnings to get squeezed from market share losses and further margin pressure. Shares are Sector Perform rated.
November 21, 2014
10:19 EDTMRVLMarvell rises sharply after results, levels to watch
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07:43 EDTMRVLMarvell outlook still positive, says RBC Capital
After Marvell reported lower than expected Q3 revenue, RBC Capital says that the revenue shortfall was caused by weakness in the company's least profitable business. The firm expects the company's wireless business to rebound in 1Q15, and it expects Marvell's payment to Carnegie Mellon to be reduced. It keeps a Top Pick rating on the shares.
07:27 EDTSIMONeedham to hold a tour
Needham Tech Tour travels throughout Silicon Valley on November 20-21.
November 20, 2014
16:10 EDTMRVLMarvell sees Q4 EPS 24c plus or minus 2c, consensus 26c
Sees Q4 revenue $880M-$900M, consensus $930.89M.
16:09 EDTMRVLMarvell reports Q3 EPS 29c, consensus 29c
Reports Q3 revenue $930.14M, consensus $976.14M.
15:28 EDTMRVLNotable companies reporting after market close
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07:24 EDTINVNGoldman to hold a conference
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07:19 EDTSIMOUBS to hold a conference
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November 19, 2014
11:08 EDTCAVMCavium management to meet with JMP Securities
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10:29 EDTCAVMGoogle now top competitor to Apple, Jefferies says
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07:36 EDTMRVLMarvell volatility elevated into Q1 and outlook
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November 18, 2014
11:28 EDTAMBAGoPro rises after company, shareholders file to sell 10.36M shares
Shares of GoPro (GRPO) are rising in early trade after the company filed to sell 10.36M shares of its stock on behalf of the company and its stockholders. WHAT'S NEW: GoPro announced in a prospectus that it is selling about 1.29M shares of class A common stock and that selling stockholders are selling 9.073M shares of class A common stock. The holders of the company's outstanding class B common stock will hold approximately 96.1% of the voting power following this offering, with its executive officers and directors and their affiliates holding approximately 65% and CEO Nicholas Woodman holding approximately 42.5% after his sale of about 4.08M shares of class A common stock in this offering, the company explained. GoPro estimated that it will receive net proceeds of $97.1M from the sale of class A shares, assuming a public offering price of $79.15 per share. The company said it expects to use the net proceeds of this offering for general corporate purposes including working capital, adding that it may also use a portion of the net proceeds to acquire or invest in complementary businesses, technologies or assets. "However, we have no present commitments or agreements to enter into any acquisitions or make any investments," GoPro noted. WHAT'S NOTABLE: On November 10, GoPro shares slipped after its CEO acknowledged he planned to sell some of his stake as part of this stock offering. In a regulatory filing at that time, the company shared an email message sent by Woodman to employees, in which he assured that he plans to be a "significant shareholder in GoPro for a long time." Additionally, on its earnings conference call this morning, Dick's Sporting Goods (DKS) management said it continues to be "extremely enthusiastic" about the electronics category, particularly wearables, GoPro cameras, and the Fitbit activity tracker. ANALYST OPINION: In a note to investors this morning, Pacific Crest said channel checks for high end GoPros are looking better than expected. The firm said it sees upside to the upcoming quarter for Ambarella (AMBA), which provides components used by GoPro in its cameras. Pacific Crest increased its price target on Ambarella shares to $55 from $47 and maintains its Outperform rating on the stock. PRICE ACTION: In morning trading, shares of GoPro rose 4.2% to $84.92, while Ambarella (AMBA) gained 5.8% to $51.60.
November 14, 2014
16:52 EDTMRVLGreenlight Capital gives quarterly update on stakes
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08:01 EDTCAVMCavium price target raised to $63 from $54 at Stifel
Stifel increased its price target on Cavium after meeting with the company's CFO, as the firm thinks that the company's ARM-based server CPU, ThunderX, appears to be gaining design win traction. Stifel keeps a Buy rating on the shares.
07:32 EDTCAVMHayman Capital gives quarterly update on stakes
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