Nomura downgraded Broadcom Corporation (NASDAQ:BRCM) to “neutral” from “buy” and set a $30 price target. The firm noted the company is likely not seeing enough design wins in LTE to drive earnings. Separately, TheStreet Ratings team rates Broadcom Corporation (NASDAQ:BRCM) as a Hold with a ratings score of C+. Broadcom Corporation (NASDAQ:BRCM) stock performance was 0.33% in last session and finished the day at $30.66. Traded volume was 7.75million shares in the last session and the average volume of the stock remained 6.57million shares. The beta of the stock remained 1.18. Broadcom Corporation (NASDAQ:BRCM) insider ownership is 1.10%.
JDS Uniphase Corp (NASDAQ:JDSU) had its price target reduced by Evercore Partners to $14.00 in a research report sent to investors. JDS Uniphase Corp (NASDAQ:JDSU) has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of JDS Uniphase Corp (NASDAQ:JDSU) Uniphase Corp from $15.00 to $13.00 in a research note. JDS Uniphase Corp (NASDAQ:JDSU) rose 0.83 percent to $10.96 Friday on volume of 8.26million shares. The intra-day range of the stock was $10.80 to $11.08. JDS Uniphase Corp (NASDAQ:JDSU) has a market capitalization of $2.56billion.
Applied Materials Inc. (NASDAQ:AMAT) lead in ranking due to its strength in deposition and etch followed by ASML, Lam Research. The semiconductor material market has nearly doubled from 2003 to 2013. In 2003 it was around US dollar 23-24 billion and in 2013 it is estimated by SEMI that the total semiconductor material market of US dollar 43.5 billion. Applied Materials, Inc. (NASDAQ:AMAT)’s stock on May 2, 2014 reported a increase of 0.42% to the closing price of $18.96. Its fifty two weeks range is $14.32 -$21.16. The total market capitalization recorded $22.96billion. The overall volume in the last trading session was 10.14million shares. In its share capital, AMAT has 1.21billion outstanding shares.
Marvell Technology Group Ltd (NASDAQ:MRVL) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 3,489,071 shares, a drop of 66.5% from the March 31st total of 10,415,458 shares, ARN reports. Approximately 0.9% of the shares of the company are short sold. On Friday, shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) dropped -0.13% to close the day at $15.83. Company return on investment (ROI) is 6.20% and its monthly performance is recorded as -2.46%. JDS Uniphase Corp (NASDAQ:JDSU) quarterly revenue growth is 6.46%.