On Wednesday, Shares of Southwest Airlines Co. (NYSE:LUV), lost -0.40% to $34.45.
Analysts at JPMorgan wrote a note applauding Southwest Airlines Co., raising its prices following a much publicized sale last week.
The firm said that it was encouraged by the company’s decision to enhance fares by $5 each way.
JPMorgan analyst Jamie Baker said that the enhance appears to cover about 50% of the airline’s fares with the hike concentrating on tickets that require no more than a seven-day advance purchase.
Analysts at the firm lowered the company’s price target yesterday to $52 from $53 while reaffirming its “neutral” rating on the stock after the company said that its passenger revenue per accessible seat mile (PRASM) would decline between 6% and 8% from a year ago.
For the current quarter the company said PRASM would fall between 4% and 5%.
Brokerage firm Deutsche Bank Maintains its rating on Southwest Airlines(NYSE:LUV). As per the latest information, Deutsche Bank Lowers the price target to $51.00 per share from a preceding target of $60.00. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jun 10, 2015.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), inclined 0.28% to $14.17, during its last trading session.
On June 1, Marvell Technology Group, declared new products within the Prestera® DX and Link Street® SOHO switching families. The Prestera DX and Link Street SOHO product families continue the company’s leadership in highly integrated switching products with built-in advanced ARM-based CPUs and full turnkey networking software solution. The next-generation Prestera DX devices are optimized for high density 1-Gigabit Ethernet (GbE)/2.5-Gigabit Ethernet (2.5GbE) deployment at the enterprise edge and 10GbE/40GbE at aggregation in the small and medium-sized enterprise (SME) and business (SMB) environments; the newest Link Street device offers the industry’s leading switch/PHY with 10GbE interfaces and 8 integrated GbE PHYs, enabling radically new power and size options.
“The proliferation of new 802.11ac-enabled wireless access points and higher throughput 4G/LTE small cells is forcing an infrastructure upgrade from 1GbE to 2.5GbE over existing cable plants,” said Michael Zimmerman, Vice President and General Manager, Connectivity, Storage and Infrastructure (CSI) BU, Marvell. “SME networks are also faced with upgrades to support growing 10GbE connectivity requirements, driven by a new generation of network appliances and storage systems. Marvell’s newest switching devices and software solutions in the Prestera DX family, the 8212/08 and 4211/10, are ongoing steps in our effort to enable more 2.5GbE/5GbE- and 10/40 GbE-centric solutions with higher performance for feature-rich and secure networking platforms.”
The DX8212 and DX8208 packet processors are highly optimized solutions for 10GbE/40GbE network appliance connectivity in the SMB and SME environment. Coupled with Marvell’s X3240 10GBase-T PHYs, the Prestera DX8212 and 8208 devices offer a unique way to migrate from 1GbE Copper or Fiber to 10GbE Copper or Fiber through the use of the auto-media feature.
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; and connectivity solutions, counting Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, in addition to silicon solutions and Kinoma software.
Finally, ON Semiconductor Corp. (NASDAQ:ON), ended its last trade with 1.36% gain, and closed at $12.64.
On June 1, ON Semiconductor Corporation, declared that it intends to offer, subject to market and other conditions, $600 million aggregate principal amount of Convertible Senior Notes due 2020 in a private offering. The notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended. ON Semiconductor also anticipates to grant to the initial purchasers of the notes a 30-day option to purchase up to an additional $90 million aggregate principal amount of notes.
ON Semiconductor anticipates the purchase price per share of its common stock in repurchases conducted concurrently with the pricing of the notes to equal the last stated sale price per share of its common stock on the NASDAQ Global Select Market on the date of the pricing of the notes. Any such repurchases could enhance, or prevent a decrease in, the market price of ON Semiconductor’s common stock concurrently with the pricing of the notes, and could result in a higher effective conversion price for the notes.
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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