NXP Semiconductors NV (NASDAQ:NXPI), the provider of High Performance Mixed Signal and Standard Product solutions, has been downgraded to a sell rating from neutral at Goldman Sachs. The firm also reduced their price target on the stock to $54 from $58 per share. This represents a 15% downside. In addition, Goldman has also lowered its view of the Semiconductor sector as a whole and has downgraded the sector to “Cautious.” This action comes following signs the cycle is turning based on expectations for a reduced speed in semiconductor revenue growth such as slower shipment growth and expectations that Q4 could disappoint compared to current analyst expectations. NXP Semiconductors NV (NASDAQ:NXPI) belongs to Technology sector. Its net profit margin is 10.10% and weekly performance is 1.18%. On last trading day company shares ended up $63.26. NXP Semiconductors NV (NASDAQ:NXPI) distance from 50-day simple moving average (SMA50) is -1.59%.
Micron Technology (NASDAQ:MU) VP Steven L. Thorsen, Jr. unloaded 68,750 shares of the stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $30.38, for a total transaction of $2,088,625.00. Following the sale, the vice president now directly owns 246,474 shares in the company, valued at approximately $7,487,880. Micron Technology Inc. (NASDAQ:MU) shares moved up 1.12% in last trading session and ended the day at $32.40. MU Gross Margin is 31.80% and its return on assets is 18.00%. Micron Technology Inc. (NASDAQ:MU) quarterly performance is 22.03%.
Communications Systems, Inc. (NASDAQ:JCS) (“CSI” or the “Company”), a global provider of physical connectivity infrastructure and services for deployments of broadband networks, on 06 Aug 2014 announced financial results for the second quarter ended June 30, 2014 (Q2 2014), including a discussion of results of operations by segment. Consolidated sales rose 4% to $33.2 million from $31.9 million in Q2 2013. Suttle sales grew 37% from Q2 2013. Transition Networks sales rose 11% from Q2 2013. JDL Technologies sales declined 65% from Q2 2013. Gross profit improved to $12.1 million, or 36.4% of revenues, from $11.5 million, or 36.1% of revenues, in Q2 2013. Operating income was $2.4 million compared to $2.6 million in Q2 2013. Suttle operating income grew $1.8 million to $2.9 million. Transition Networks declined $0.3 million to an operating loss of $0.2 million. JDL Technologies declined $1.6 million to an operating loss of $0.3 million. Net income was $1.4 million, or $0.17 per diluted share, compared to net income of $1.6 million, or $0.19 per diluted share, in Q2 2013. At June 30, 2014, cash, cash equivalents, and investments were $31.5 million. On 19 August, Communications Systems Inc. (NASDAQ:JCS) shares moved down -0.92% and was closed at $10.80. JCS EPS growth in last 5 year was -16.50%. Communications Systems Inc. (NASDAQ:JCS) year to date (YTD) performance is -0.46%.
The New Mexico Public Regulation Commission (PRC) on 13 Aug 2014 decided unanimously that TECO Energy Inc. (NYSE:TE)’s pending stock acquisition of New Mexico Gas Intermediate Inc. (NMGI), the parent company of New Mexico Gas Co. (NMGC), is in the public interest and can proceed. he vote allows TECO Energy to close the purchase of the Albuquerque-based companies within about a month, unless one of the parties requests a rehearing. The parties in the case reached a settlement on the acquisition, and the PRC staff did not oppose it. TECO Energy, Inc. (NYSE:TE) ended the last trading day at $17.69. Company weekly volatility is calculated as 1.29%and price to cash ratio as 30.14. TECO Energy, Inc. (NYSE:TE) showed a weekly performance of 3.15%.
The Montanore Positive Action Committee held a public meeting in the Ponderosa Room Wednesday night to discuss the future of the Montanore Silver-Copper Project that some believe is nearing the end of long-time environmental assessments, procedural delays and legal conflicts. The site of the Montanore project, overseen by Mines Management Inc. (NYSEMKT:MGN), is estimated to contain more than 230 million ounces of silver and nearly 2 billion pounds of copper deposits, according to the Mines Management company website. Mines Management, Inc. (NYSEMKT:MGN) shares moved up 3.75% in last trading session and ended the day on $0.83. MGN return on assets is -71.70%. Mines Management, Inc. (NYSEMKT:MGN) quarterly performance is -27.83%.