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