National Semiconductor Corp. (NYSE: NSM) shares traded higher following late yesterday’s announcement that Texas Instruments will buy the tech firm for $6.5 billion in cash. At last check, the stock was up 71.43% to $24.12 on high volume of 123.91 million shares. It set a new 52-week high of $24.14 early in t he session. (NYSE:NSM), (NSM)
Texas Instruments Inc. (NYSE: TXN) is up 1.96% to $34.78 on above-average volume of 18.73 million shares. The chip maker was cut to Underweight from Marketweight at CreditSights following news of acquisition. (NYSE:TXN), (TXN)
SemiLEDs Corp. (NASDAQ: LEDS) is down 17.05% to $11.99 on volume of over 638K shares. It set a new 52-week low of $11.80 early in the session. The LED chip maker swung to a Q2 loss of 5 cents a share compared to earnings of 4 cents from the same period a year ago, expects further losses in the third quarter. (NASDAQ:LEDS), (LEDS)
Analog Devices Inc. (NYSE: ADI) is up 0.75% to $2.72 million shares. The chip maker was upgraded to a Hold rating at Auriga. (NYSE:ADI), (ADI)
KB Home (NYSE: KBH) dropped following a disappointing earnings report for the first quarter. At last check, the stock was down 2.46% to $11.90 on volume of 8.13 million shares. (NYSE:KBH), (KBH)
Abercrombie & Fitch Co.(NYSE: ANF) shares jumped up after the clothing maker’s first analyst day presentation in several years. At last check, the stock was up 9.01% to $64.50 on volume of 7.20 million shares. It set a new 52-week high of $65.01 in early trading. (NYSE:ANF), (ANF)
Intersil Corp. (NASDAQ: ISIL) is up 10.60% to $13.40 on volume of 5.30 million shares. It has a 52-week range of $9.80 – $16.97. (NASDAQ:ISIL), (ISIL)
Inspire Pharmaceuticals Inc. (NASDAQ: ISPH) were boosted on news that it would be acquired by Merck $430 million. At last check, the stock was up 24.62% to $4.96 on high volume of 31.59 million shares. (NASDAQ:ISPH), (ISPH)
Teva Pharmaceutical Industries Ltd (ADR) (NASDAQ: TEVA) is up 1.02% to $50.55 on volume of 1.44 million shares. TEVA has been granted a license to sell a generic version of Cubist Pharmaceuticals’ Cubicin antibiotic. (NASDAQ:TEVA), (TEVA) For the latest updates PRESS CTR + D or visit Stock Market news Today
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