Hot Movers: LSI Corp, Taiwan Semiconductor Mfg. Co. Ltd., Electronic Arts, Maxim Integrated Products

Lakeway, TX -- (SBWIRE) -- 03/16/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

LSI Corp (NASDAQ:LSI) shares fell 2.06% to $6.91. Rambus Inc. (NASDAQ: RMBS) has signed a patent license agreement with LSI on Feb. 19. This agreement allows LSI Corporation to include Rambus patented innovations in all its products. In addition, the two companies have settled all outstanding claims, including pending disputes related to Rambus’ patented innovations. This patent license agreement will terminate in 2018. Other terms of the agreement are confidential.

Additionally, FBR Capital downgraded LSI’s stock from Outperform to Market Perform with a price target of $8.00 (from $8.50) saying near-term risk of a financial reset somewhat elevated on Feb. 26.

How Should Investors Trade LSI The Recent Movement? Find Out Here

Taiwan Semiconductor Mfg. Co. Ltd. (ADR)(NYSE:TSM) shares dropped 1.58% to $17.76. TSM’s stock was downgraded by UBS AG from a “buy” rating to a “neutral” rating in a research note issued on Mar. 13. They currently have a $18.54 price target on the stock. Additionally, analysts at TheStreet reiterated a “buy” rating on shares of Taiwan Semiconductor Mfg. Co. in a research note to investors on Mar. 4.

Is TSM Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Electronic Arts Inc. (NASDAQ:EA) shares declined 2.22% to $18.92. EA and ESPN, on Mar. 11, announced the official players and brackets for the Madden NFL 25 Cover Vote. The vote will include two brackets, one composed of 32 new-school NFL stars and one of 32 old-school NFL legends, with the winner of each bracket facing off in the finals for the right to appear on the cover. The Madden NFL Cover Vote has proven to be extremely popular with the fans, garnering over 33 million votes since its introduction in 2011.

Is EA a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Maxim Integrated Products Inc. (NASDAQ:MXIM) shares dropped 1.70% to $32.74. The company, on Mar. 11, announced the offering and pricing of $500 million of its 3.375% Senior Notes due 2023. Subject to market conditions and other factors, Maxim Integrated intends to use the net proceeds from this offering to repurchase shares of its common stock and for general corporate purposes. Maxim Integrated will use its cash on hand to redeem, repurchase or repay at maturity all of its outstanding 3.45% Senior Notes due June 14, 2013.

How Should Investors Trade MXIM After The Latest Earnings Report? Find Out Here

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