Stock Price Updates, Closure of Revolving Credit Facility, Acquisitions, and
Prestigious Accolades - Research Report on Intel, Atmel, Avago, Maxim
Integrated, and ON Semiconductor
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 31, 2013
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:
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:
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:
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:
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:
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