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Saturday 18 July 2015
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Stocks in the Spotlight - ON Semiconductor Corp (NASDAQ:ON), Ingersoll-Rand PLC (NYSE:IR), Pengrowth Energy Corp (USA)(NYSE:PGH)

On Monday, in the course of current trade, Shares of ON Semiconductor Corp (NASDAQ:ON), dropped -2.34%, and is now trading at $11.07.

ON Semiconductor, driving energy efficiency innovations, is expanding its highly-regarded 1/3-inch 1 megapixel (MP) image sensor portfolio with early sampling of the company’s first backside illuminated (BSI) sensor technology for the automotive imaging market. The innovative new sensor technology delivers 4x better low light signal-to-noise ratio, a 40 percent enhance in visible light sensitivity, and greater than 60 percent improvement in near infrared (NIR) performance than the current market leading AR0132AT CMOS image sensor for advanced driver assistance systems (ADAS).

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.

During an Afternoon trade, Shares of Ingersoll-Rand PLC (NYSE:IR) , climbed 1.29%, and is now trading at $67.28.

Ingersoll Rand, introduced a pumping system called the ARO Station at the 2015 ACHEMA tradeshow in Frankfurt, Germany, held June 15-19. The ARO Station, developed for the European market, is a customized solution that houses an ARO pump and piping in a durable housing in order to reduce leaks and fumes during chemical transfer from one container to another. Standing independently from a truck, the ARO Station assists operators comply with changing environmental regulations, while enhancing operator safety.

“ARO understands the importance of transporting and securing hazardous material and minimizing its exposure. The risks with chemical handling are a daily reality and the ARO Station was designed to protect operators in addition to the environment during the transfer of these materials,” said Fausto Lotti, EMEA marketing leader of Ingersoll Rand Fluid Administration.

Ingersoll-Rand plc, together with its auxiliaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products. It operates through Climate and Industrial segments.

Finally, Pengrowth Energy Corp (USA)(NYSE:PGH), lost -1.32% Monday.

Pengrowth Energy Corporation, declared that its August 17, 2015 cash dividend will be Cdn $0.02 per common share. The ex-dividend date is July 20, 2015. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of July 22, 2015.

The dividend of Cdn $0.02 per common share is equivalent to about U.S. $0.016 per common share using a Canadian/U.S. dollar exchange rate of Cdn $1.00:U.S. $0.786. The actual U.S. dollar equivalent of the dividend will be based upon the actual Canadian/U.S. dollar exchange rate in effect on the payment date, net of applicable Canadian withholding taxes for U.S. residents who hold their Pengrowth shares in taxable accounts.

Pengrowth Energy Corporation engages in the acquisition, development, exploration, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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