Supertex to resume trading at 8:00 am ET Quotation to resume at 7:55 am ET, according to Nasdaq. Note that Microchip Technology (MCHP)has signed a definitive agreement to acquire Supertex (SUPX) for $33 per share in cash. Supertex closed trading Friday at $24.38.
Jefferies ups view on Semis to Positive from Negative Jefferies upped its view on the Semiconductors space to Positive from Negative after hosting a dozen companies at its annual conference in Miami. The firm notes that most companies noted an "OK" demand environment, which it views as supporting its thesis that the recent inventory correction and lower capex has created a "great opportunity" to add to Semi positions. After meeting with management, Jefferies has increased conviction that NXP Semiconductors (NXPI) will soon sell its HPRF business and return to its stock buyback program before most expect. It has Buy ratings on AMD (AMD), Microchip (MCHP), NXP and Texas Instruments (TXN).