On Wednesday, Shares of ON Semiconductor Corp (NASDAQ:ON), gained 0.20% to $10.09.
In 1960, Hamilton Electro Sales and Motorola Inc. signed a contract that would not only make history as the world’s first semiconductor distribution contract, but would also grow into one of the most enduring supply chain relationships in the electronics sector. Avnet, Inc. (NYSE: AVT), a leading global technology distributor, and ON Semiconductor (Nasdaq: ON), driving energy-efficient innovations, recently marked the signing of that historic contract—and the thousands of innovative customer solutions for which it paved the way.
For the past five-plus decades, Avnet, which attained Hamilton in 1962, and ON Semiconductor, spun off from Motorola in 1999, have continued to drive the advancement and proliferation of high-performance power semiconductor technology in global markets counting automotive, communication, computing, consumer, medical, industrial, mobile phone and military/aerospace. In 2015, Avnet shipped over 8 billion ON Semiconductor components, representing more than 18 percent of ON Semiconductor’s distributor sales and about 9 percent of ON Semiconductor’s global revenue.
“As we commemorate the continued strength and success of the Avnet-ON Semiconductor relationship, I think about all of the extraordinary customer achievements we have had the privilege to facilitate as a result of our enduring cooperation and our mutual commitment to design and supply chain excellence,” said Ed Smith, president, Avnet Electronics Marketing Americas. “What’s most exciting to me is the knowledge that our shared vision for driving innovation in emerging technologies like the Internet of Things, will only fortify the unique history we share for years and decades to come.”
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.
Shares of Energy XXI Ltd (NASDAQ:EXXI), inclined 12.96% to $1.22, during its last trading session.
Moments ago, Trader’s Choice released new research updates concerning several important developing situations counting the following equities: Alamos Gold Inc. (AGI), Nomura Holdings Inc. (NMR), Energy XXI Ltd. (EXXI) and United Microelectronics Corp. (UMC). Trader’s Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
Highlights from recently’s reports comprise:
On Tuesday, December 22, 2015, Nasdaq Composite ended at 5,001.11, up 0.65%, Dow Jones Industrial Average advanced 0.96%, to finish the day at 17,417.27, and the S&P 500 closed at 2,038.97, up 0.88%.
- The stock of Alamos Gold Inc. gained 1.21% to close Tuesday’s session at USD 3.35. The shares of the company moved in the range of USD 3.27 and USD 3.38. A trading volume of 0.63 million shares was recorded, which was greater than its 150-day daily average volume of 0.53 million shares and below its 52-week average volume of 1.04 million shares. Over the last five days, Alamos Gold Inc.’s shares have advanced 6.69%. However, over the last three months the stock has declined 12.10% and in the past six months the shares have registered a loss of 35.60%. The company has returned 13.95% in the past one month, on a compounded total return basis. Alamos Gold Inc. has a current dividend yield of 0.57%. Further, the stock is trading at a price to cash flow (TTM) ratio of 19.33 and price to sales (TTM) ratio of 3.04.
- Nomura Holdings Inc.’s stock reduced by 0.36% to close Tuesday’s session at USD 5.61. The company’s shares fluctuated in the range of USD 5.55 and USD 5.64. A total of 0.342 million shares exchanged hands, which was marginally above its 50-day daily average volume of 0.340 million shares and was below its 52-week average volume of 0.407 million shares. Over the last three days Nomura Holdings Inc.’s shares have declined by 3.11% and in the past one week the stock has moved down 1.41%. Furthermore, over the last three months the stock has lost 6.34% and in the past six months the shares have shed 17.38%. Nomura Holdings Inc. has a current dividend yield of 3.29%. Further, the company is trading at a price to earnings (TTM) ratio of 9.40. This compares to a historical PE ratio of 11.75. Further, the stock is trading at a price to sales (TTM) ratio of 1.54 and price to book (MRQ) ratio of 0.90.
- Energy XXI Ltd.’s stock added 0.93% to close Tuesday’s session at USD 1.08. The company’s shares oscillated between USD 1.02 and USD 1.16. The stock recorded a trading volume of 1.65 million shares, which was below its 50-day daily average volume of 1.85 million shares and its 52-week average volume of 3.60 million shares. Over the last five days Energy XXI Ltd.’s shares have declined by 8.47% and in the past one month the shares have lost 32.50%. In addition, over the last three months the stock has lost 2.70% and year to date the shares have shed 66.26%. The stock is trading at a price to cash flow (TTM) ratio of 0.36 and price to sales (TTM) ratio of 0.10. Additionally, the stock is trading below its 50-day and 200-day moving averages of USD 1.53 and USD 1.86, respectively. Further, the company has an EV/Revenue (TTM) ratio of 3.77 and EV/EBITDA (TTM) ratio of 5.54.
Energy XXI Ltd engages in the acquisition, exploration, development, and operation of oil and natural gas properties onshore in Louisiana and Texas, and on the Gulf of Mexico. As of June 30, 2015, the company had net proved reserves of 183.5 million barrels of oil equivalent.
Finally, Southern Co (NYSE:SO), ended its last trade with 1.40% gain, and closed at $47.10.
Southern Company partner Southern Generation Technologies has signed a letter of intent with South Korean company Alps Energy and Kellogg, Brown & Root, LLC (KBR) to evaluate the deployment of the company’s proprietary coal gasification technology at the new, 1,000-megawatt (MW) Alps Energy power plant in the Saemangeum Industry & Research Area in South Korea. The agreement underscores the noteworthy international interest in Transport Integrated Gasification – or TRIG™ – the 21st century coal technology at the center of Southern Company partner Mississippi Power’s Kemper County energy facility.
Jointly developed by Southern Company and KBR, TRIG™ is designed to generate electricity from low-rank coal with resulting carbon emissions better than a similarly sized natural gas plant. At least 65 percent of the Kemper project’s carbon emissions are predictable to be captured and repurposed through improved oil recovery, increasing domestic oil production.
“Southern Company is committed to developing real solutions to efficiently generate electricity using all of our domestic energy resources,” said Southern Company Chairman, President and CEO Thomas A. Fanning. “By deploying TRIG™ for the first time at the Kemper County energy facility, we are creating a better energy future and improving America’s energy security. Our partnership with South Korea’s Alps Energy is a continuation of our long-standing commitment to delivering energy solutions that can benefit customers and communities across the U.S. and around the world.”
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
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