24/7 Wall St. » PLT

Top After-Hours Movers (SWKS, IDTI, LM, MSPD, PLT, RMBS, SANM, UCTT, VECO, ZRAN)

Administrator — Mon, 26 Jul 2010 21:24:04 +0000

We have many after-hours stocks on the move. Most are on earnings but some are on other issues. The stocks on the move are Skyworks Solutions, Inc. (NASDAQ: SWKS), Integrated Device Technology, Inc. (NASDAQ: IDTI), Legg Mason, Inc. (NYSE: LM), Mindspeed Technologies, Inc. (NASDAQ: MSPD), Plantronics, Inc. (NYSE: PLT), Rambus Inc. (NASDAQ: RMBS), Sanmina-SCI Corporation (NASDAQ: SANM), Ultra Clean Holdings, Inc. (NASDAQ: UCTT), Veeco Instruments Inc. (NASDAQ: VECO), and Zoran Corporation (NASDAQ: ZRAN).

Skyworks Solutions, Inc. (NASDAQ: SWKS) is not a price mover after the close but it was today after an IBD move. Shares closed up 2% at $19.13, but the trading volume was over 3X at over 20 million shares. We have seen prints for 7.3 million shares, some of which may be clean-up prints. The price change is listed as only 0.1% at $19.15 but that takes the cake for a most active in hours trading.

Integrated Device Technology, Inc. (NASDAQ: IDTI) closed up 3.1% at $5.63 and shares are up almost 4% more at $5.85 on about 100,000 shares in the after-hours session after the company announced a new $255 million share buyback against a $914 million market cap.

Legg Mason, Inc. (NYSE: LM) was hit after earnings showed a 4% drop in net income. Shares closed up 3.4% at $30.08, but the stock is lower by 3.3% at $29.10 on over 70,000 shares since the closing bell.

Mindspeed Technologies, Inc. (NASDAQ: MSPD) is getting drummed in the after-hours trading session. Revenues grew 8% to $43.3 million and non-GAAP was $0.18 EPS versus $0.15 last quarter… It expects Q4 revenue growth of 1% to 6% to $43.7 to $45.9 million. Shares are down almost 3.5% at $8.50 on over 20,000 shares in the after-hours.

Plantronics, Inc. (NYSE: PLT) beat its earnings estimates but guidance on revenue was light for next quarter. This closed up 1.5% at $33.36 but shares are down 4.4% at $31.90 on more than 20,000 shares since the close.

Rambus Inc. (NASDAQ: RMBS) was already active in options today and shares closed up over 3% at $19.59. There have been over 125,000 shares since the closing bell and the stock is up 6% at $20.70 ahead of the NVIDIA ruling.

Sanmina-SCI Corporation (NASDAQ: SANM) closed up 4.6% at $15.86 ahead of the EMS company’s earnings announcement: the company posted a profit on a mixed fanfare in the quarter and its guidance is mostly in-line. Shares are selling off because this one recovered so much against its trading lows by exponential amounts. Shares are down 6.3% at $14.85 on about 50,000 shares since the 4:00 PM Close.

Ultra Clean Holdings, Inc. (NASDAQ: UCTT) said that Q2 revenue was $105.9 million, up 7.5% from Q1 but up 355.4% from the same period a year ago. This one is up 10.05% at $10.40 on more than 30,000 shares in the after-hours trading session.

Veeco Instruments Inc. (NASDAQ: VECO) closed up 4.6% at $44.69 before earnings and after its halt was lifted the stock is up another 4% at $46.47 on over 250,000 shares. The company beat earnings estimates and raised guidance, but keep in mind that the 52-week range is $14.06 to $54.50.

Zoran Corporation (NASDAQ: ZRAN) was down 0.1% before earnings but the stock is down 9.3% at $8.86 on almost 100,000 shares since it re-opened after a halt. Q2 was mixed, but Q3 guidance is failing to live up to expectations. This one is becoming a serial-disappointment.

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JON C. OGG

Filed under: After-Hours Activity, Trading Alert Tagged: IDTI, LM, MSPD, PLT, RMBS, SANM, SWKS, UCTT, VECO, ZRAN

Top Analyst Upgrades (BBT, CMA, FEIC, GOOG, HBI, HD, LOW, NEM, PLT, ROP, TGT, TSCO, WMT)

247wallst — Wed, 03 Jun 2009 11:43:05 +0000

These are top pre-market analyst upgrades and positive research notes we have seen from Wall Street early this Wednesday morning:

BB&T (BBT) Raised to Market Perform at KBW.
Comerica (CMA) Raised to Overweight at JPMorgan.
FEI Co. (FEIC) Raised to Buy at Janney Montgomery Scott.
Google (GOOG) Target Raised to $486 from $414 at Goldman Sachs.
Hanesbrands (HBI) Started as Overweight at Thomas Weisel.
Home Depot (HD) Started as Outperform at Baird.
Lowe’s (LOW) Started as Outperform at Baird.
Newmont Mining (NEM) Raised to Overweight at JPMorgan.
Plantronics (PLT) Raised to Overweight at JPMorgan.
Roper Industries (ROP) Raised to Outperform at Oppenheimer.
Target (TGT) Started as Outperform at Baird.
Tractor Supply (TSCO) Started as Outperform at Baird.
Wal-Mart (WMT) Started as Outperform at Baird.

Jon C. Ogg

Posted in Analyst Calls Tagged: BBT, CMA, FEIC, GOOG, HBI, HD, LOW, NEM, PLT, ROP, TGT, TSCO, WMT

Top 10 Pre-Market Analyst Calls (CAT, EMN, GIS, K, GNTX, MEDX, MRK, N, NE, PLT, WAG)

247wallst — Mon, 28 Jan 2008 07:22:43 +0000

These are not the only analyst calls impacting stocks pre-market, but these are the top calls that 247WallSt.com is focusing on:
Caterpillar (NYSE: CAT) raised to Outperform at Bear Stearns.
Eastman Chemical (NYSE: EMN) raised to Buy at UBS.
General Mills (NYSE: GIS) & Kellogg (NYSE: K) raised to Buy at Citigroup.
Gentex (NASDAQ: GNTX)raised to Neutral at UBS.
Medarex (NASDAQ: MEDX) raised to Buy at Jefferies.
Merck (NYSE: MRK) raised to Buy at UBS.
Netsuite (NYSE: N) initiated as Outperform at JMP Securities.
Noble Corp. (NYSE: NE) downgraded to Neutral at JPMorgan.
Plantronics (NYSE: PLT) raised to Neutral at JPMorgan.
Walgreens (NYSE: WAG) downgraded to Sell at Citigroup.

Jon C. Ogg
Januar 28, 2008

Many Major Tech, Media, Telecom Hitting New 52-Week Lows

247wallst — Thu, 17 Jan 2008 15:51:36 +0000

With about 20 minutes to go into the close and on one ugly day, we have the DJIA down nearly 300 points, the NASDAQ down almost 40 points, and even the S&P 500 down over 35 points. We have been commenting about the recession for some time now and this is going from the good to the bad to the fugly. Of course financials, REIT’s, retail, and other classic sectors had more than their fair share of 52-week lows. But Telecom, Media, and Tech reached these critical 52-week lows and these are looking horrible.

The markets are hostage to the ratings agencies now. Here is what happens when you look at "VALUE INVESTING" in technology:

Alliance Data (ADS), Answers (ANSW), ATMI Inc. (ATMI), BigBand Networks (BBND), British Sky ADR’s (BSY), CA inc. (CA), CBS Corp. (CBS), Century Tel (CTL), Cincinatti Bell (CBB)…

Cisco Systems (CSCO) is a new entrant, this was surprising but those teen prices were in 2006.

Cogent (COGT), Cohu Inc. (COHU), Computer Science (CSC), Compuware (CPWR), DireTV (DTV),
Echostar (DISH).. unsure because of reorg…, Emulex (ELX), Epicor Software (EPIC), General Electric (GE), Getty Images (GYI), Gluu Mobile (GLUU), Hungarian Telecom (HTC), Internet Capital Group (ICGE), Interactive Intelligence (ININ), J2 Global (JCOM), ML Internet HOLDRs (HHH), ML Telecom HOLDRs (TTH), PlanetOut (LGBT), Liberty Media (LINTA), Loral Space (LORL), Live Nation (LYV), Sourcefire (FIRE), Flextronics (FLEX), Monster Worldwide (MNST)….

Motorola (MOT), Martha Stewart (MSO), Mattson Tech (MTSN), Network Appliance (NTAP), Orbitz Worldwide (OWW), Plantronics (PLT), Powershares Dynamic Media (PBS), Qwest Communications (Q), RCN Corp. (RCNI), RF Micro Devices (RFMD), Riverbed Tech (RVBD), Savvis (SVVS), Sprint Nextel (S), SiRF Tech (SIRF), Stamps.com (STMP), Time Warner (TWX), Trimble Navigation (TRMB), Veeco Inst. (VECO), Vishay (VSH), Voltera Semiconductor (VLTR), Xinhua Finance Media (XFML) ,

Yahoo! (YHOO) ouch.

This is almost enough to make many people cry. The VIX is trading at 27.34 and is up 2.96 points but we aren’t even at 30 yet meaning that massive critical oversold and true panic levels haven’t yet been reached.

Jon C. Ogg
January 17, 2008

Top 10 Pre-Market Analyst Calls (BIIB, BMC, COF, CLNE, FSLR, PLT, PMCS, RHT, SLM, WM)

247wallst — Thu, 13 Dec 2007 08:05:18 +0000

There are many other analyst calls today, but these are the main calls we are looking at this morning:

Biogen Idec (BIIB) raised from Underperform to Neutral at Credit Suisse.
BMC Software (BMC) raised from Neutral to Outperform at Credit Suisse.
Capitol One (COF) downgraded from Buy to Hold at Jefferies.
Clean Energy Fuels (CLNE) started as Strong Buy at Broadpoint Capital.
First Solar (FSLR) started as BUY at UBS.
Plantronics (PLT) downgraded from Neutral to Underweight at J.P.Morgan.
PMC-Sierra (PMCS) started as Sell at Banc of America.
Red Hat (RHT) downgraded from Buy to Neutral at Banc of America.
SLM Corp. (SLM) raised to Outperform at at Keefe Bruyette Woods.
Washington Mutual (WM) downgraded from Neutral to Sell at Banc of America.

Jon C. Ogg
December 13, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.