Overbought Zone : Verifone Systems , Skyworks Solutions , Applied Materials , Activision Blizzard

VeriFone Systems Inc. (PAY) reported second quarter adjusted EPS of $0.37 following the bell Thursday, down from $0.42 in the previous year. The consensus estimate was for EPS of $0.33. The company expects to report third quarter adjusted EPS of $0.33 to $0.34 and between $1.42 and $1.44 for the full year. Analysts are expecting EPS of $0.37 and $1.43.

VeriFone Systems Inc (NYSE) touched 52 overbought level score with $30.62 average price trading 1,718,000 average volume shares. VeriFone Systems Inc (NYSE : PAY), Business Equipment stock ended the day at $36.45, which fostered $0.19 (or +0.52%) and registered an intraday range of $36.03 and $36.67. VeriFone Systems Inc’s return on investment is -14.90. The stock’s 52-week range is $37.00 – $15.56. We recommend to ‘Hold’ the stock.

Skyworks Solutions Inc. (SWKS) gained its third quarter adjusted EPS forecast to $0.80 Tuesday morning, from prior expectations of $0.73. The company also surged its revenue guidance to $570 million, from 535 million. Analysts are expecting EPS of $0.73 and revenues of $535.53 million. Skyworks Solutions gapped open sharply higher Tuesday and climbed in early trade.

Skyworks Solutions Inc (NASDAQ) attained 52 overbought level score with $35.54 average price trading 3,239,000 average volume shares. Skyworks Solutions Inc (NASDAQ : SWKS), Semiconductors stock ended the day at $47.81, which surged $0.93 (or +1.98%) and registered an intraday range of $46.93 and $48.32. The stock is currently trading with difference of -$0.51 and $27.19 from this year’s highest and lowest prices. Skyworks Solutions Inc recorded $1.681 earnings (per share). Trade experts mull over it as ‘Buy’ stock.

Applied Materials Inc. (AMAT) announced second quarter adjusted EPS of $0.28 later the close Thursday, up from $0.16 last year. Analysts expected EPS of $0.28. The company expects third quarter adjusted EPS to be in the range of $0.25 to $0.29. Analysts at this time mean EPS of $0.27. Applied Materials gapped up sharply Friday and climbed during the first half hour of trade, before settling into a range.

Applied Materials Inc (NASDAQ) touched 52 overbought level score with $18.83 average price trading 13,161,000 average volume shares. Applied Materials Inc (NASDAQ : AMAT), Semiconductor Equipment & Materials company, boosted $0.00 (or 0.00%) in last regular trading to $21.89, after vacillating among $21.75 and $22.06. Applied Materials Inc’s return on investment is 9.20. The stock’s 52-week range is $22.10 – $14.62. Trade experts mull over it as ‘Buy’ stock.

Activision Blizzard, Inc. (ATVI) reported the pricing of on all sides of 41.5 million common shares offering by Vivendi S.A. (VIV.L,VIVEF.PK). The offering and sale of shares owned by Vivendi S.A. are being made as per the agreements signed in connection with the transactions reported on July 25, 2013. The offering may close and settle on May 28, 2014.

Activision Blizzard Inc (NASDAQ) met 52 overbought level score with $19.33 average price trading 6,631,000 average volume shares. On last trading day Activision Blizzard Inc (NASDAQ : ATVI), Electronic Gaming & Multimedia company, shares ended up $21.48, while trading in range of $21.30 and $21.57 by shares surged +0.14%. ATVI’s debt to equity ratio is 0.62. Company is trading at a P/E multiple of 24.38. EPS is estimated to be 15.00 in next year. The stock’s return on equity is 12.20x and traded in range of $13.27 – $21.50 in past 52 weeks. Trade experts mull over it as ‘Buy’ stock.

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Jason Tolbert is a stock analyst with The Downtown Leader. If you have a great story idea for Jason Tolbert, you can write at [Jason.Tolbert@downtownleader.com ].

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