Volume Spike Investor » ALTR

Xilinx Guidance Taking Out 52-Week Highs (XLNX)

247admin — Wed, 23 Sep 2009 12:28:23 +0000

Xilinx, Inc. (Nasdaq: XLNX) is soaring on its September guidance up approximately 10% sequentially in sales, above the prior 2% to 6% gain expected. Virtex-5 sales will increase significantly in the September quarter to be above 20% of total sales. Delinquent sales are now shipping and gross margin guidance is ~61%. At 8:25 AM EST we have seen over 1.1 million shares trade hands versus 6.9 million shares on average. The gain is 7.4% at $24.40. Be advised that $24.28 is the old 52-week high.

We would watch Altera Corporation (NASDAQ: ALTR) for a similar trading pattern today as these two often trade hand in hand.

-JON OGG

Price Tank Alert: Altera Corp. (ALTR)

247admin — Mon, 17 Nov 2008 15:06:51 +0000

Altera Corp. (NASDAQ: ALTR) is getting hit hard this Monday morning, although maybe not by as much as if you just looked at the headline and pretended this was somewhat normal times. Goldman Sachs downgraded the stock by putting it on the Conviction Sell List.

Shares are down 4% at $14.40 9:06 AM EST. So far there have only been 2,000 shares traded and it normally sees around 10 million shares trade hands. Its 52-week trading range is at risk today as the listed range is $14.20 to $24.19.

JON OGG

NOV. 17, 2008

After-Hours Volume Surge: Sun & Altera (JAVA, ALTR)

247admin — Tue, 15 Jul 2008 21:02:02 +0000

Sun Microsystems Inc. (NASDAQ: JAVA) rocketed after-hours after the company managed to issue better than expected guidance of $0.25 to $0.35 non-GAAP EPS on $3.725 to $3.8 Billion in revenues, compared to estimates of $0.27 EPS and $3.24 Billion in revenues. With more than 60 million shares short and with fresh 52-week lows day after day, this stock rocketed in after-hours trading by almost 14% to $10.00 after an $8.80 close. At 5:05 PM EST this one has traded some 6.4 million shares in after-hours trading.

Altera Corp. (NASDAQ: ALTR) reported earnings of $0.32 EPS on a 7.1% revenue gain to $359.9 million. First Call consensus estimates were $0.27 and $346.7 million. It also issued upside guidance for Q3 with revenue growth at “flat to down 3%” or about $349 to 360 million versus $350.5 million estimates. At 5:05 PM EST this one has traded about 430,000 shares and shares are up 7.6% at $20.68.

Jon Ogg

July 15, 2008