On Friday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost -1.35% to $26.33, as analysts at Nomura cut their earnings per share estimates and price target on the global provider of semiconductor devices.
The firm said it reduced its numbers on Micron Technology based on the ongoing softness in prices resulting from the persistently weak PC backdrop, theflyonthewall.com reports.
For the August quarter Nomura cut its earnings estimate to 61 cents per share from 75 cents per share. For the 2015 full year the firm sees earnings coming it at $2.83 per share from its previous $3.33 per share estimate.
The firm cut its price target on Micron Technology to $25 from $28.
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.
Shares of HCP, Inc. (NYSE:HCP), inclined 1.38% to $39.80, during its last trading session.
HCP, priced an offering of $750 million of 4.00% senior unsecured notes due 2025. The price to investors was 99.126% of the principal amount of the notes representing a yield-to-maturity of 4.107%.
The net proceeds from the offering after expenses are about $736.5 million. HCP intends to allocate the net proceeds from this offering (i) to pay a portion of the respective purchase prices of the formerly declared $849 million acquisition of a portfolio of 35 private pay senior housing communities from Chartwell Retirement Residences through a RIDEA structure with Brookdale Senior Living Inc. and $161 million acquisition of a medical office building located in Philadelphia, Pennsylvania and (ii) for general corporate purposes, counting future acquisitions, investments or repayment of indebtedness.
The offering is predictable to close on May 20, 2015, subject to customary closing conditions.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry counting sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing. The fund also invests in mezzanine loans and other debt instruments.
At the end of Friday’s trade, Shares of Radian Group Inc. (NYSE:RDN), lost -1.59% to $17.94.
Radian Group, declared that its stockholders re-elected ten directors, who serve one-year terms and are re-elected annually. The company’s stockholders approved all proposals recommended by the board of directors and presented for vote at Radian’s 2015 Annual Meeting, counting an advisory proposal on Radian’s executive compensation.
As formerly revealed, Jan Nicholson, a director of Radian since 2003, stepped down from the Board upon the conclusion of Radian’s 2015 Annual Meeting. The Board was reduced from 11 to 10 members upon Ms. Nicholson’s retirement.
Radian also declared that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on June 8, 2015 to stockholders of record as of May 26, 2015.
Radian Group Inc., through its auxiliaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES).
Finally, Urban Outfitters Inc. (NASDAQ:URBN), ended its last trade with 0.71% gain, and closed at $39.59.
Urban Outfitters, is projected to report first-quarter earnings of 30 cents a share, up from 26 cents a share in the first quarter last year, according to a consensus survey by FactSet.
Urban Outfitters, Inc., a lifestyle specialty retail company, engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and Wholesale. It serves its customers directly through retail stores, Websites, mobile applications, catalogs, and customer contact centers.
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