Movers roundup: Broadcom, SiRF Technology

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Among the stock activity stories for Tuesday, Aug. 26, from AP Financial News:

NEW YORK (AP) _ Shares of Broadcom Corp. fell Tuesday after an analyst downgraded the telecommunications chip maker saying he expects a deceleration beginning in the fourth quarter that could affect the company's multiple for several quarters.

NEW YORK (AP) _ Shares of SiRF Technology Holdings Inc. hit an all-time low on Tuesday after a judge at the U.S. International Trade Commission recommended that imports of some of SiRF's GPS chips be banned.

NEW YORK (AP) _ A Jefferies & Co. analyst on Tuesday maintained a "Buy" rating on power generator Entergy Corp., saying a deal with New York state authorities is a positive step in the company's plan to spin off its three nuclear plants in New York.

NEW YORK (AP) _ Shares of Parlux Fragrance rose 6 percent Tuesday after an analyst upgraded the company's shares to "Buy" from "Hold," based on strong demand for a new Jessica Simpson perfume.

NEW YORK (AP) _ Psychiatric Solutions Inc. will likely see an increase in patients, boosting revenue and driving both earnings per share and the company's stock price, according to Citi analyst Gary Taylor.

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11/9/2009 4:01 PM
ETR $77.58 Up +1.32 +1.73%
Entergy Corp CAPS Rating: *****
BRCM $28.29 Up +1.41 +5.25%
Broadcom Corp CAPS Rating: ***
PSYS $20.94 Up +0.55 +2.70%
Psychiatric Soluti… CAPS Rating: **
SIRF $4.11 Down +0.00 +0.00%
SiRF Technology Ho… CAPS Rating: ****

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