Himax Technologies, Inc. (NASDAQ:HIMX) shares dropped 13.58% after reports revealed that Renasas Eletronics plans to sell its stake in a unit that supplies display driver chips for the Apple iPhone. According to Reuters Renesas will sell its stake to Synaptics. The unit is the sole supplier to for display driver chips in the iPhone. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) stock performance was -13.58% in last session and finished the day at $6.62. Traded volume was 28.11million shares in the last session and the average volume of the stock remained 6.91million shares. The beta of the stock remained 1.86. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) insider ownership is 12.38%.
Taipei, May 28 (CNA) Shares of local dynamic random access memory (DRAM) chip makers moved higher Wednesday after U.S.-based counterpart Micron Technology Inc. (NASDAQ:MU) posted gains overnight amid optimism over the market’s prospects, dealers said. Micron Technology, Inc. (NASDAQ:MU) rose 2.67 percent to $28.06 Tuesday on volume of 23.53million shares. The intra-day range of the stock was $27.48 to $28.11. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $30.03billion.
Applied Materials, Inc (NASDAQ:AMAT) VP Jay Kerley sold 6,755 shares of Applied Materials stock on the open market in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $19.94, for a total transaction of $134,694.70. Following the completion of the transaction, the vice president now directly owns 75,131 shares of the company’s stock, valued at approximately $1,498,112. Applied Materials, Inc. (NASDAQ:AMAT)’s stock on May 27, 2014 reported a increase of 2.69% to the closing price of $20.58. Its fifty two weeks range is $14.46 -$21.16. The total market capitalization recorded $25.05billion. The overall volume in the last trading session was 20.05million shares. In its share capital, AMAT has 1.22billion outstanding shares.
AT&T Inc. (NYSE:T) today confirmed that it will offer the LG G3 this year. The LG G3 is set to join the nation’s most reliable 4G LTE network. “We are excited to add the LG G3 to AT&T Inc. (NYSE:T)’s leading device portfolio this year,” said Jeff Bradley, senior vice president – Devices, AT&T. “With its razor sharp 5.5 inch Quad HD display to its laser auto camera focus, the LG G3 is an innovative smartphone for consumers looking for the latest technologies all running on the network that covers more than 99 percent of all Americans.” On Tuesday, shares of AT&T Inc. (NYSE:T) dropped -0.31% to close the day at $35.21. Company return on investment (ROI) is 12.80% and its monthly performance is recorded as 2.09%. AT&T Inc. (NYSE:T) quarterly revenue growth is 10.90%.
Research analysts at Piper Jaffray dropped their price target on shares of Zynga Inc (NASDAQ:ZNGA) from $5.00 to $4.50 in a report released on Thursday. Piper Jaffray’s target price would indicate a potential upside of 37.20% from the stock’s previous close. Zynga Inc (NASDAQ:ZNGA) stock performance was 3.96% in last session and finished the day at $3.41. Traded volume was 26.42million shares in the last session and the average volume of the stock remained 33.10million shares. Zynga Inc (NASDAQ:ZNGA) insider ownership is 0.10%.