Rambus (RMBS) Hits New High With Baytex Energy (BTE), Hugoton Royalty (HGT), Fairchild Semiconductor International (FCS)

Technology solutions company Rambus Inc. (RMBS) reported Wednesday that it has signed a comprehensive patent license contract with Qualcomm Global Trading Pte. Ltd., a subsidiary of mobile chip maker Qualcomm Inc (QCOM). The financial terms of the deal were not disclosed. In pre-market activity, Rambus shares are gaining $0.99 or 8.01 percent, and trading at $13.35. The deal delivers Qualcomm and its units with access to innovative patented memory, interface, and security technologies from Rambus. Rambus Inc. (RMBS), Semiconductor- Memory Chips, is currently trading at $14.38, which surged 5.43%. The stock is trading 1.91% below its 50 days high and 31.56% above its 50 days low. With 1694472 of its shares exchanged hands during the day and 1.36 relative volume ratio, market capitalization of Rambus Inc. moved to $1635.73 million. The float was recorded 113.10 million compared to 113.75 million outstanding shares. RMBS’s monthly performance is 25.59%. Experts rate it a ‘Hold’ stock.

Australia’s Aurora Oil & Gas Ltd. (AEF.TO,AOG), which is in contract to be acquired by Canadian crude oil producer Baytex Energy Corp. (BTE.TO,BTE), Monday told the Federal Court of Australia has made orders approving the scheme of arrangement for the acquisition. It was in early February that Aurora agreed for the deal, under which Baytex’s unit Baytex Energy Australia Pty Ltd will make the acquisition. Baytex Energy Corp. (BTE), Independent Oil & Gas, is currently trading at $45.44, which swung 1.11%. The stock is trading 1.00% below its 50 days high and 12.50% above its 50 days low. The RSI of stock currently approaches at the level of 81.98 with 1.73% weekly volatility. The firm maintained its $1.48 EPS for the stock. BTE showed 19.96% half yearly performance. Analysts rate it a ‘Buy’ stock.

Hugoton Royalty Trust announced a cash distribution of $0.263851 per unit, payable on June 13, to unitholders of record on May 30. Hugoton Royalty Trust (HGT), Oil & Gas Drilling & Exploration, is currently trading at $11.70, which fell -0.17%. The stock is trading -0.63% below its 50 days high and 58.48% above its 50 days low. At the closing bell, shares in Hugoton Royalty Trust recorded a trading volume of 393969. Its total outstanding shares are 40.00 million with the market capitalization of $468.00 million. HGT showed 4.74% weekly performance.

Fairchild Semiconductor International Inc. (FCS) declared first-quarter 2014 net loss of $9.3 million or $0.07 per share, versus a loss of $0.5 million or $0.00 per share, last year. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $0.03 for the quarter. Analysts’ estimates typically exclude one-time items. The company generated quarterly sales of $344.1 million, slightly higher than $343.2 million in the first quarter of 2013. Fairchild Semiconductor International Inc. (FCS), Semiconductor – Integrated Circuits, is currently trading at $16.04, which soared 1.71%. The stock is trading 1.39% below its 52-week high and 38.87% above its 52-week low. The RSI of stock currently approaches at the level of 85.60 with 2.46% weekly volatility. The firm maintained its -$0.03 EPS for the stock. FCS showed 27.30% half yearly performance. Trade experts think of it as ‘Hold’ stock.

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Jennifer McKinney, CFA, is an equity analyst for The Downtown Leader. If you have a great story idea for Jennifer McKinney, you can write at [Jennifer.McKinney@downtownleader.com ].

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