Bank of America lowered shares of NVIDIA Corporation (NASDAQ:NVDA) from a neutral rating to an underperform rating in a report released on Thursday,TheFlyOnTheWall.com reports. Bank of America currently has $19.00 price objective on the stock, down from their previous price objective of $19.12. The analysts noted that the move was a valuation call. NVIDIA Corporation (NASDAQ:NVDA) stock performance was -1.10% in last session and finished the day at $18.93. Traded volume was 8.83million shares in the last session and the average volume of the stock remained 7.74million shares. The beta of the stock remained 1.74. NVIDIA Corporation (NASDAQ:NVDA) insider ownership is 0.50%.
Advanced Micro Devices, Inc. (YSE:AMD) earlier this year got slapped with a shareholder class action lawsuit for allegedly overstating the sales prospects of its first generation Llano APUs (Accelerated Processing Units) — chips that house the GPU and CPU on the same die —between October 27, 2011 and October 18, 2012. Advanced Micro Devices, Inc. (NYSE:AMD) dropped -5.96 percent to $4.10Friday on volume of 54.60million shares. The intra-day range of the stock was $4.07 to $4.37. Advanced Micro Devices, Inc. (YSE:AMD) has a market capitalization of $3.12billion.
Large-cap chipmakers Intel, Micron Technology (MU) andTexas Instruments (TXN) outperformed small caps, says Andrew Burkly, Oppenheimer Asset Management’s head of institutional portfolio strategy. Micron Technology, Inc. (NASDAQ:MU)’s stock on June 20, 2014 reported a increase of 0.13% to the closing price of $31.85. Its fifty two weeks range is $12.31-$32.43. The total market capitalization recorded $34.09billion. The overall volume in the last trading session was 28.28million shares. In its share capital, MU has 1.07billion outstanding shares.
Alcatel Lucent SA (ADR) (NYSE:ALU) on June 19, 2014 signed the commercial and technological partnership agreement with EBlink for expansion of its capabilities for 4GLTE ultra-broadband mobile access networks as well as small cells. Euro 3 million investment of Alcatel Lucent SA in EBlink is also a part of the agreement. On Friday, shares of Alcatel Lucent SA (ADR) (NYSE:ALU) close the day at $3.57. Company return on investment (ROI) is -6.30% and its monthly performance is recorded as -8.23%. Alcatel Lucent SA (ADR) (NYSE:ALU) quarterly revenue growth is -7.75%.
Telefonica has sold bonds it held which are exchangeable for Telecom Italia SpA (ADR) (NYSE:TI), a source at the Spanish telecoms company said on Friday, adding it had shed them for financial reasons. Telecom Italia SpA (ADR) (NYSE:TI) stock performance was -2.55% in last session and finished the day at $12.59. Traded volume was 103.60K shares in the last session and the average volume of the stock remained 120.80K shares. The beta of the stock remained 1.38.