Orlando, FL -- (SBWIRE) -- 08/16/2013 -- 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 Newpark Resources Inc (NYSE:NR), Volterra Semiconductor Corporation (NASDAQ:VLTR).
Newpark Resources Inc (NYSE:NR) shares dropped 0.35% and closed at $11.41 in the last trading session. Clarkson Capital upgraded shares of Newpark Resources from a market perform rating to an outperform rating in a research report released on August 13. Separately, Analysts at SunTrust raised their price target on shares of Newpark Resources from $10.00 to $12.00 in a research note to investors on Monday, July 29th. They now have a neutral rating on the stock.
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Additionally, the company on July 25 posted second-quarter net income of $15.7 million or $0.17 per share, compared to $14.5 million or $0.15 per share in the prior year quarter. Total revenues for the latest second quarter of 2013 increased 13% to $276.62 million from $245.76 million in the comparable quarter last year. Analysts expected the company to earn $0.19 per share on revenues of $271.04 million.
Volterra Semiconductor Corporation (NASDAQ:VLTR) shares surged 54.80% to $22.91. Maxim Integrated Products, Inc. (NASDAQ:MXIM) on August 15 announced it has entered into a definitive agreement to acquire Volterra Semiconductor for $23 per share, which represents a 55% premium to Volterra Semiconductor's closing share price on August 14, 2013. The transaction value is approximately $605 million equity value or $450 million net of Volterra's cash position of approximately $155 million.
Is VLTR going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Additionally, Rigrodsky & Long, P.A. on August 15 announces that it is investigating potential legal claims against the board of directors of Volterra Semiconductor Corporation regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Maxim Integrated Products, Inc. ("Maxim") (NASDAQ GS: MXIM) in a transaction valued at approximately $605 million.
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