Shares of PMC-Sierra Inc (NASDAQ:PMCS), declined -0.59% to $10.18, during its last trading session. In the last trading session, the stock moved on high volume, trading at a volume of 60.80 M as compared to its average daily volume of 6.09 million shares.
The stock, as of recent close, has shown weekly upbeat performance of 50.37% which was maintained at 58.57% in 1-month period, after the data center chipmaker was purchased by rival Skyworks Solutions (SWKS) for $2 billion.
Skyworks will pay $10.50 per share in cash for PMC-Sierra, a 37% premium over the stock’s closing price from Tuesday.
“We plan to leverage PMC’s innovative storage systems, flash controllers, optical switches and network infrastructure solutions to expand our engagements with some of the world’s leading OEMs and ODMs in addition to emerging hyperscale data center customers,” Skyworks CEO David Aldrich said in a statement.
Skyworks anticipates the acquisition to improvement its annual earnings by 75 cents per share.
PMC-Sierra, Inc. designs, develops, markets, and supports semiconductor solutions for communications network infrastructure equipment worldwide.
On Wednesday, Shares of JPMorgan Chase & Co. (NYSE:JPM), gained 0.10% to $62.11. The stock attained the volume of 12.82 million shares.
The year-to-date (YTD) performance reflected a 1.97% above last year. During the past month the stock loses -0.92%, bringing three-month performance to -5.34% and six-month performance to 2.47%. The stock holds the market capitalization of 229.76B.
JPMorgan Chase & Co. (JPM) declared a $3 million grant to Advocate Charitable Foundation to launch the Healthcare Workforce Collaborative run by Advocate Health Care that will provide healthcare-focused, skill-based training for middle-skill occupations to unemployed and underemployed populations. This grant is the largest single corporate gift in Advocate’s 20-year history as an integrated health system.
JPMorgan Chase released a Chicago Skills Gap report that determined there will be more than 14,000 middle-skill job openings every year in Chicago’s healthcare sector through 2019. These middle-skill jobs require more than a high school degree, but not a Bachelor’s degree, and the average pay is higher than the region’s living wage of $18.98/hour. The report also said that the region’s workforce doesn’t have the skills to fill these new jobs.
“Our Skills Gap report identified the growing opportunity gap for low-income and low-skilled workers, which is one of our greatest workforce precedingities,” said Melissa Bean, Chairman of the Midwest for JPMorgan Chase. “This investment will assist people gain the work skills they need to transform their lives and strengthen our region’s economy.”
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of ON Semiconductor Corp (NASDAQ:ON), inclined 3.94% to $10.28, during its last trading session. In the last trading session, the stock moved on high volume, trading at a volume of 8.80 M as compared to its average daily volume of 4.59 million shares.
The stock, as of recent close, has shown weekly upbeat performance of 9.36% which was maintained at -1.81% in 1-month period.
ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, has introduced three new KNX certified twisted pair transceivers for smart building applications. The new devices allow small, low-cost external components, while delivering raised regulator current and boosting overall efficiency by up to 20 percent contrast to existing solutions.
“The three new transceivers we are launching recently support the world’s most adopted standard for building automation, and enable designers to create even more cost-effective products offering greater functionality and energy efficiency,” said Ryan Cameron, vice president of Industrial and Timing products for ON Semiconductor. “Making buildings smarter is key to preserving the environment and ensuring energy security, as buildings presently represent about 40 percent of the world’s energy consumption.”
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
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