Orlando, FL -- (SBWIRE) -- 10/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On ON Semiconductor Corp (NASDAQ:ONNN), FLIR Systems, Inc. (NASDAQ:FLIR).
ON Semiconductor Corp (NASDAQ:ONNN) stock declined 2.35% to $7.07. The company plans to announce its financial results for the third quarter ending September 27, 2013, after the market closes on Thursday, October 31, 2013.
Additionally, ONNN’s stock had its price target trimmed by Raymond James from $10.00 to $8.00 in a research report sent to investors on Oct. 14. The firm currently has an outperform rating on the stock.
Moreover, the company on Oct. 10 announced that it has entered into an amended and restated senior revolving credit facility with a group of lenders. The amended and restated facility, which amends the Company's facility entered into in December of 2011, now enables the company to borrow up to $800 million under revolving loans. The new facility has a five year term that expires in October of 2018. Fees and interest expense under the revolving credit facility can vary based on the company's total leverage ratio.
Are investors worried about the recent updates with ONNN? Find out with a free trend analysis HERE
FLIR Systems, Inc. (NASDAQ:FLIR) shares declined 13.81% to $28.59. The company on Oct. 15 announced that it is realigning multiple production and engineering organizations and streamlining its global operations in order to better position FLIR(R) to develop, produce and market products more quickly and cost-effectively. The realignment includes closing up to six not-to-scale sites in the United States and Europe and a proposed transfer of those operations to larger FLIR facilities. FLIR also intends to consolidate its optics and laser manufacturing businesses to better realize the benefits of vertical integration in these areas.
Is FLIR going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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