Hot Movers: NXP Semiconductors NV (NASDAQ:NXPI), Ericsson (ADR) (NASDAQ:ERIC), MEMC Electronic Materials, Inc.(NYSE:WFR)

Lakeway, TX -- (SBWIRE) -- 03/18/2013 -- 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:-

NXP Semiconductors NV (NASDAQ:NXPI) shares fell 2.95% to $30.29. The company, on Mar. 18, introduced a groundbreaking family of programmable AISG transceivers for wireless base stations and antenna line devices (ALDs) such as tower-mounted amplifiers (TMAs) and remote electric tilt (RET) antennas. The new family includes the industry's first fully integrated dual-modem AISG transceivers, as well as the first AISG system solution to integrate an ARM® Cortex™-M3 processor alongside two AISG modems.

How Should Investors Trade NXPI After The Recent Movement? Find Out Here

Ericsson (ADR) (NASDAQ:ERIC) shares fell 2.33% to $12.97. STMicroelectronics NV today announced that Ericsson and STMicroelectronics NV have entered into an agreement on the way forward for the joint venture (JV) ST-Ericsson. Following announcements in December 2012, STMicroelectronics NV and Ericsson have been working together toward a strategic solution for the JV. As a result, several steps have been agreed upon to split up the JV. Firstly, Ericsson will take on the design, development and sales of the long-term evolution (LTE) multimode thin modem products, including 2G, 3G and 4G multimode. Next, ST will take on the existing ST-Ericsson products, other than LTE multimode thin modems, and related business as well as certain assembly and test facilities.

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

MEMC Electronic Materials, Inc.(NYSE:WFR) shares decreased 1.77% to $4.45. Research analysts at Jefferies Group cut their target price on shares of WFR from $4.50 to $4.00 in a report released last week

Additionally, the company, on Mar. 13, said it is filing a Form 8-K with the Securities and Exchange Commission to provide the slides that will be presented later today at the company's Capital Markets Day in Belmont, California, as well as a 2013 financial outlook and details on a forthcoming company name change proposal to shareholders.

Looking ahead, the company expects Capex between $30 million and $40 million for the first quarter of 2013, and between $120 million and $140 million for the full year 2013.

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

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