Companies whose shares are expected to trade actively in today’s session are Marvell Technology Group Ltd. (NASDAQ:MRVL) (FRA:MVL), BCD Semiconductor Manufacturing Ltd (NASDAQ:BCDS), Emerson Radio Corp (NYSEAMEX:MSN), Smith & Wesson Holding Corporation (NASDAQ:SWHC), TeleCommunication Systems, Inc. (NASDAQ:TSYS) and Toyota Motor Corporation (NYSE:TM).
Marvell Technology Group Ltd. (NASDAQ:MRVL) (FRA:MVL): The chip maker’s shares were continuously sliding late Wednesday, and are expected to plunge further today. A Pittsburgh federal jury has asked Marvell Technology Group Ltd. (NASDAQ:MRVL) (FRA:MVL) to pay $1.17 billion to Carnegie Mellon University in a patent infringement case. Marvell said it hasn’t yet determined the impact of the verdict on its fourth quarter financial performance. Shares were down 3.78 percent to $7.12 in early trading.
At this year's SALT New York conference, Cathie Wood, founder, and CEO of ARK Investment Management LLC, spoke about her view on Bitcoin, the outlook for Tesla and Ark's investment process. Q2 2021 hedge fund letters, conferences and more The investment manager explained that the team at ARK has a five-year investment horizon, with a Read More
BCD Semiconductor Manufacturing Ltd (NASDAQ:BCDS) Shares of the Shanghai-based chip maker jumped 94.72 percent to $7.75 after Diodes Incorporated (NASDAQ:DIOD) agreed to acquire it for $151 million. Diodes wants to expands its business in China and broaden its analog-product portfolio. Diodes Inc. will pay $8 per U.S. share of BCD, almost double of its closing price of $3.98.
Emerson Radio Corp (NYSEAMEX:MSN): Emerson announced Wednesday that it has extended its licensing agreement with Funai Corp. till March 31, 2015. Shares plunged 4.15 percent after the announcement to close at $1.71.
Smith & Wesson Holding Corporation (NASDAQ:SWHC): The gun maker said that its board has approved another share purchase of $15 million, after spending $20 million on stock buybacks three weeks ago. Smith & Wesson Holding Corporation (NASDAQ:SWHC) has a market capitalization of $525 million. Shares were up 2.51 percent to $8.16 in early trading.
TeleCommunication Systems, Inc. (NASDAQ:TSYS): The software firm said Wednesday that it sold two patents to a South Korean company, IP Cube Partners Co., for an undisclosed amount. Shares gained 2.69 percent to $2.68 in early market trading.
Toyota Motor Corporation (NYSE:TM): The Japanese automaker has settled a class-action lawsuit. Toyota Motor Corporation (NYSE:TM) agreed to pay $1.1 billion to set new security equipment in 16 million cars that were recalled in 2009-10, after complaints of a malfunction that caused cars to accelerate unintentionally. Toyota shares rose 1.80 percent to $91.99.