News Buzz: Delek US Holdings, Analog Devices, Linear Technology Corporation, Altera Corporation

Lakeway, TX -- (SBWIRE) -- 03/15/2013 -- 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:-

Delek US Holdings, Inc.(NYSE:DK) shares fell 2.49% to $39.11.The company today announced the pricing of an underwritten secondary offering of 9,000,000 shares of its common stock offered by Delek Hungary Holding Limited Liability Co. (the “Selling Stockholder”) at $39.50 per share.

Additionally, the company, on March 7, reported that its fourth-quarter net income attributable to the company was $64.3 million or $1.06 per share, compared to prior year's net loss of $6 million or $0.10 per share. Net sales for the quarter increased to $2.18 billion from last year's $2 billion, while analysts expected $1.31 billion. And also Cash dividend payment of $0.1 per share is scheduled to be paid on March 19, 2013 by the company.

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

Analog Devices, Inc.(NASDAQ:ADI) shares declined 1.77% to $45.69. The company on March 13, held its Annual Meeting of Shareholders.

Additionally, the company on Feb 25, said it will begin trading ex-dividend on February 27, 2013. A cash dividend payment of $0.34 per share is scheduled to be paid on March 12, 2013. Shareholders who purchased ADI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 13.33% increase over the prior quarter.

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

Linear Technology Corporation(NASDAQ:LLTC) shares decreased 1.63% to $37.80.The company on March 12, introduced the LTM8001 a step-down µModule® (micromodule) regulator consisting of an array of five low noise 1A linear regulators. The linear regulators are also configurable to deliver 2A, 3A, 4A or 5A, depending on the number and combination of current shared outputs.

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

Altera Corporation(NASDAQ:ALTR) shares dropped 1.26% to $35.16. The company,on Feb.25 expanded its FPGA-based solutions targeting smart energy systems by announcing a High-availability Seamless Redundancy (HSR) and Parallel Redundancy Protocol (PRP) reference design targeting smart grid substation automation equipment.

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

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