Stocks in Focus: MGIC Investment Corp, TASER International, Spreadtrum Communications, Veeco Instruments Inc

Lakeway, TX -- (SBWIRE) -- 03/01/2013 -- 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:-

MGIC Investment Corp. (NYSE:MTG) shares jumped 6.43% to $2.98 after the company yesterday reported a net loss for the quarter ended December 31, 2012 of $386.7 million, compared with a net loss of $135.3 million for the same quarter a year ago. Diluted loss per share was $1.91 for the quarter ending December 31, 2012, as compared to diluted loss per share of $0.67 for the same quarter a year ago.

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

TASER International, Inc. (NASDAQ:TASR) shares gained 6.41% to $7.47. The company, on Feb. 26, said that its Board of Directors has authorized a new share repurchase program for up to $25 million of its common stock. The repurchases will be funded by available cash. The amount of shares purchased will be made on working capital requirements. The new share repurchase program is in addition to the three programs fully executed in 2011 and 2012 for a total of $52.5 million.

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

Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) shares increased 5.93% to $17.51. The company, on Feb. 26, announced that for first quarter of 2013, it expects revenue to be in the range of USD180 million to USD186 million, a sequential decrease of 8.4% to 11.4%. Analysts are expecting the company to report revenue of USD171 million for first quarter of 2013.

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

Veeco Instruments Inc. (NASDAQ:VECO) shares jumped 5.66% and closed at $31.91 in the last trading session. The company, on Feb. 8, said its unable to report fourth-quarter results at this time because it is still reviewing its accounting. As a partial glimpse of its performance, the company said its fourth-quarter bookings rose to $92.3 million from $83.7 million in the third quarter.

Additionally, JPMorgan Chase cut shares of VECO from an overweight rating to a neutral rating in a research report sent to investors on Feb. 19.

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

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