Stock Price Updates, Closure of Revolving Credit Facility, Acquisitions, and Prestigious Accolades - Research Report on Intel, Atmel, Avago, Maxim Integrated, and ON Semiconductor
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NEW YORK, December 31, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Intel Corporation (NASDAQ: INTC), Atmel Corporation (NASDAQ: ATML), Avago Technologies Limited (NASDAQ: AVGO), Maxim Integrated Products Inc. (NASDAQ: MXIM), and ON Semiconductor Corp. (NASDAQ: ONNN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Intel Corporation Research Report
On December 26, 2013, Intel Corporation's (Intel) stock increased 1.06%, ending the day's trading session at $25.70. Over the previous three trading sessions, shares of Intel increased 2.55%, compared to the Nasdaq Composite Index which increased 1.52% during the same period. The Full Research Report on Intel Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/3f94_INTC
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Atmel Corporation Research Report
On December 9, 2013, Atmel Corporation (Atmel) reported that it has successfully closed with a group of lenders on an oversubscribed five-year, $300 million senior secured revolving credit facility led by Morgan Stanley Senior Funding, Inc., who will also serve as administrative agent on the facility. According to the Company, borrowings will be available for general corporate purposes, including working capital, stock repurchases, acquisitions, and other purposes. Atmel informed that the facility will bear interest at LIBOR or a base rate along with an applicable margin that varies based on the Company's total leverage ratio. The facility entails customary affirmative, negative and financial covenants. The Full Research Report on Atmel Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/3d14_ATML
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Avago Technologies Limited Research Report
On December 16, 2013, Avago Technologies Limited (Avago) reported that it has entered into a definitive agreement with LSI Corporation (LSI) to acquire the latter for $11.15 per share in an all-cash transaction valued at $6.6 billion. According to the Company, the combined company will be strongly positioned to capitalize on the growing opportunities created by the rapid increases in data center IP and mobile data traffic. Hock Tan, President and CEO of Avago said, "This highly complementary and compelling acquisition positions Avago as a leader in the enterprise storage market and expands our offerings and capabilities in wired infrastructure, particularly system-level expertise. This combination will increase the Company's scale and diversify our revenue and customer base. In addition to these powerful strategic benefits, as we integrate LSI onto the Avago platform, we expect to drive LSI's operating margins toward Avago's current levels, creating significant additional value for stockholders." The Full Research Report on Avago Technologies Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/a6fc_AVGO
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Maxim Integrated Products Inc. Research Report
On December 4, 2013, Maxim Integrated Products Inc. (Maxim) reported that it has won a 2013 Elektra European Electronics Industry Award for Zeus, the Company's highly integrated smart meter system-on-a-chip (SoC). Zeus informed that it combines accurate metrology, multiple layers of security and a wide range of communication functions on a single chip. According to Maxim, Zeus successfully met the independent jury's criteria for the "Renewable Energy Design Award of the Year." Kris Ardis, Executive Director of Energy Solutions at Maxim, said, "Zeus demonstrates that a highly integrated embedded solution can make the grid more intelligent, responsive and secure. Winning an Elektra Award is a prestigious honor, and we are very excited that Maxim's complete smart meter SoC has been acknowledged by the Elektra Award Committee." The Full Research Report on Maxim Integrated Products Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/a8f1_MXIM
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ON Semiconductor Corp. Research Report
On December 26, 2013, ON Semiconductor Corp.'s (ON Semiconductor) stock increased 0.62%, ending the day's trading session at $8.14. Over the previous three trading sessions, shares of ON Semiconductor increased 3.69%, compared to the Nasdaq Composite Index which increased 1.52% during the same period. The Full Research Report on ON Semiconductor Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/513c_ONNN
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