Top Semiconductor Stocks Today - POWI, HITT, RBCN
Power Integrations, Hittite Microwave ,Rubicon Technology were the Top Semiconductor Stocks today
(EMAILWIRE.COM, October 24, 2009 ) Dallas, TX - Power Integrations, Inc. (NASDAQ:POWI) was one of the top movers of today`s as it rallied 6.78% to close at $34.66 on over 1.31 million shares after today it announced that for the fourth quarter of 2009, it expects revenue to increase by 5% to 10% compared with the third quarter of 2009, which would be an increase of between 49% and 56% compared with the fourth quarter of 2008. The Company reported revenue of $60 million for the third quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report $56 million for the fourth quarter of 2009. Today the stock also created a new 52-week high at $36.25.
Hittite Microwave Corporation (NASDAQ:HITT) was among the most active gainers as it rallied 5.13% to $39.32 in trade today on over 599K shares after it announced that for the fourth quarter of 2009, it expects revenue to be in the range of $42.5 to $43.5 million and net income to be in the range of $11.3 to $12.3 million, or $0.38 to $0.41 per diluted share. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $0.37 and net profit of $11.1 million on revenue of $42.0 million for the same period. Today the stock also created a new 52-week high at $40.75.
Rubicon Technology, Inc. (NASDAQ:RBCN) surged 5.82% or $0.99 to close at $18.00 in trade today on over 342K shares after UBS upgrades Rubicon Technology two-notches from Sell to Buy.. The stock made an intraday high and also a new 52-week high of $18.22 and an intraday low of $17.74 respectively. So far the stock prices jumped over 137% in last six months of trade.
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The website alerts investors on Top Stocks that would help investors to generate higher than average returns. These include various types of stocks with huge volume, penny stocks that are moving to the upside quickly, penny stocks with buy signals and companies with news. Our regular Stock pick Alerts helps investors to achieve incredible results in a short amount of time.
Hittite Microwave Corporation (NASDAQ:HITT) was among the most active gainers as it rallied 5.13% to $39.32 in trade today on over 599K shares after it announced that for the fourth quarter of 2009, it expects revenue to be in the range of $42.5 to $43.5 million and net income to be in the range of $11.3 to $12.3 million, or $0.38 to $0.41 per diluted share. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $0.37 and net profit of $11.1 million on revenue of $42.0 million for the same period. Today the stock also created a new 52-week high at $40.75.
Rubicon Technology, Inc. (NASDAQ:RBCN) surged 5.82% or $0.99 to close at $18.00 in trade today on over 342K shares after UBS upgrades Rubicon Technology two-notches from Sell to Buy.. The stock made an intraday high and also a new 52-week high of $18.22 and an intraday low of $17.74 respectively. So far the stock prices jumped over 137% in last six months of trade.
ABOUT http://www.PennyStockPickalert.com
The website alerts investors on Top Stocks that would help investors to generate higher than average returns. These include various types of stocks with huge volume, penny stocks that are moving to the upside quickly, penny stocks with buy signals and companies with news. Our regular Stock pick Alerts helps investors to achieve incredible results in a short amount of time.
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PennyStockPickAlert.com
Robert Wilson
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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