Oct 8- On Semiconductor Corp, a maker of power-management chips, said it would cut up to 870 jobs at its Sanyo Semiconductor unit as it looks to reduce costs. The company said it would cut 600-700 jobs through a voluntary retirement program and take a related charge of about $40 million to $48 million, mostly in the fourth quarter.
The "Fast Money" traders share their final trades of the day.
*Baird cuts ON Semiconductor Corp price target to $8 from $9. *Baird raises SanDisk Corp price target to $47 from $32. Reuters Station users, click. 1568.
Oct 8- ON Semiconductor Corp:.
The Nasdaq Composite Index added 14.98 points, or 0.48 percent, to 3,128.51. **ARQULE INC $2.14, down 57.73 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **SIRIUS XM RADIO INC, $2.62, up 2 pct.
*FBR cuts International Rectifier Corp to market perform from. *FBR cuts Intel Corp price target to $24 from $26; rating market perform. *FBR cuts Fairchild Semiconductor price target to $17 from $18; rating.
S&P 500 futures rose 7.7 points, Dow Jones industrial average futures rose 23 points, and Nasdaq 100 futures. The biotechnology company and Japan's Daiichi Sankyo Co Ltd. CNBC Mad Money host Jim Cramer said the Internet company has "real value because it has some really terrific assets", and new Chief Executive Marissa Mayer is committed to unlocking its value.
Oct 2- ON Semiconductor Corp:. *Thinkequity raises ON Semiconductor Corp to buy from hold; price. Reuters Station users, click. 1568.
Considering the XSD has corrected about 15% off recent highs, is the pullback an opportunity? How should you put money to work in the space?
Yet another Vivus takeover rumor circulating through the market Tuesday got me thinking: When do most biotech and drug takeovers happen?
We take a closer look at several stocks under $5 that are making large-percentage moves to the upside.
Bill Smead, portfolio manager for the Smead Value Investor Fund, offers up four unloved stocks that he thinks are a “buy.”
Mike Driscoll, a former Wall Street equities trader turned Adelphi University professor, likens social media market commentary to anonymous chat rooms in the late 1990s, where people tried to "pump and dump" obscure, thinly traded stocks for a quick profit.
Semiconductor stocks such as Intel, Texas Instruments, Xilinx, Analog Devices, and ON Semiconductor could see further upside, according to JPMorgan, which believes the PC market may be growing faster-than-expected.
It will take until the second half of 2012 before the impact of this year's flooding in Thailand is lessened for semiconductor companies, FBR Capital Markets senior analyst Craig Berger told CNBC Wednesday.
Intel shares plummeted on the company’s lowered profit outlook Monday, leading the “Fast Money” experts to look at other stocks for a better play.
If there is a rebound in the tech sector, some of the beaten-down tech stocks could easily see huge moves if large institutional buyers return and overwhelm the sellers, reports TheStreet.
During a choppy trading session, the "Fast Money" traders on Monday were watching these market movers.
Get Cramer's calls on ON Semiconductor, GNC, BP Prudhoe Bay Royalty Trust and more.
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