Semiconductor Stocks on the Move (TechSonian)
Value Stock Pick is a leading Investment Newsletter. Our Research Team conducts research on different stocks, doing their due diligence to provide a detailed report, including both technical and fundamental analysis, on NYSE, NASDAQ, AMEX, OTCBB and Pink Sheet Stocks. …SunPower Corporation (NASDAQ:SPWR), the price of the stock moved up +10.45% and finished the day at $12.26 on above average volume. The day started out with a higher opening price of $11.22 versus its prior close of $11.10. The total number of shares traded on the latest trading day was 7,369,202 shares, and changed hands at average prices of $11.22 to $12.35 apiece. The shares gain about +118.15% since the start of 2013 and had a +53.25% gain in last three months.
SunPower Rating Increased to Outperform at Robert W. Baird (SPWR) (Zolmax)
SunPower Corporation (NASDAQ:SPWR) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a $16.00 price target on the stock, up from their previous price target of $10.00. A number of other analysts have also recently weighed in on SPWR. Analysts at S&P Equity Research upgraded shares of SunPower Corporation (NASDAQ:SPWR) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, April 10th. They now have a $14.00 price target on the stock, up previously from $12.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of SunPower Corporation (NASDAQ:SPWR) in a research note to investors on Thursday, March 21st. They now have a $13.00 price target on the stock.
Stock Losers: SunPower Corporation, VirnetX Holding Corporation, Skechers USA Inc, Celgene Corporation (SBWire)
Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks …VirnetX Holding Corporation (NYSEAMEX:VHC) shares climbed 3.93% to $19.55. The company on April 22 announced that on April 22, 2013, it filed a complaint against Microsoft Corporation in the United States District Court for the Eastern District of Texas, Tyler Division. The complaint includes allegations of willful patent infringement regarding six patents owned by VirnetX Holding Corporation (NYSEAMEX:VHC), U.S. Patent Nos. 6,502,135, 7,188,180, 7,418,504, 7,490,151, 7,921,211, and 7,987,274.
Who Loves VirnetX Holding Corporation (VHC)? (InsiderMonkey)
VirnetX Holding Corporation (NYSEAMEX:VHC) investors should pay attention to a decrease in enthusiasm from smart money lately. At the moment, there are plenty of gauges investors can use to monitor stocks. A couple of the most useful are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best hedge fund managers can outclass the market by a healthy margin.
Western Digital: Hard Drive Shipments Not Affected by Growing SSD Popularity. (XBitlabs)
Western Digital Corp. (NASDAQ:WDC) claims that despite of rapidly growing popularity of solid-state drives, total available market (TAM) of hard disk drives (HDDs) has not been affected by SSDs. In fact, the decrease of HDD TAM is mostly conditioned by slow PC sales as well as reduced production of hard drives due to lower production capacities after Thailand flooding in 2011. “[Hard drive TAM] is obviously down, it is down from 170 million pre-flood to 135 million this past quarter. Clearly, we have been impacted in that regard by lower PC sales. But it is not because of SSD replacements within PCs. In fact, we have actually seen that pure SSD as an alternative for hard drives has not changed significantly from what we expected or from what we have seen historically.
Western Digital Corp. Given New $62.00 Price Target at Deutsche Bank (WDC) (ZolMax)
Investment analysts at Deutsche Bank AG (NYSE:DB) upped their price target on shares of Western Digital Corp. (NASDAQ:WDC) from $60.00 to $62.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. A number of other firms have also recently commented on WDC. Analysts at BMO Capital Markets raised their price target on shares of Western Digital Corp. (NASDAQ:WDC) from $45.00 to $53.00 in a research note to investors on Thursday. Separately, analysts at Barclays Capital raised their price target on shares of Western Digital Corp. (NASDAQ:WDC).
Western Digital forecasts strong revenue on internet storage demand (Reuters)
Hard disk drive maker Western Digital Corp. (NASDAQ:WDC) forecast current-quarter revenue largely above analysts’ expectations as higher demand for internet storage more than offsets the effects of a fall in personal computer sales. The company forecast fourth-quarter earnings of $1.65 to $1.80 per share on revenue of $3.55 billion to $3.65 billion. Analysts on average were expecting earnings of $1.74 per share on revenue of $3.58 billion, according to Thomson Reuters I/B/E/S. Hard drive sales have been hit as consumers buy fewer personal computers and increasingly shift to smartphones.
