Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Silicon Image Inc. (NASDAQ:SIMG) for potential breaches of fiduciary duties in connection with the sale of the Company to Lattice Semiconductor for approximately $600 million. On Tuesday shares of Silicon Image, Inc. (NASDAQ:SIMG) closed at $7.29. Company’s sales growth for last 5 years was 0.10% and EPS growth for next 5 years is recorded as 20.00%.
CommScope Holding Co Inc (NASDAQ:COMM) said it will buy Swiss electronics firm TE Connectivity’s network equipment business for about $3 billion in cash to expand in Europe and Asia. CommScope Holding Company, Inc. (NASDAQ:COMM) in last trading activity advanced 18.32% to close at $25.57. Company weekly performance is 20.22% while its quarterly performance stands at 12.05%. CommScope Holding Company, Inc. (NASDAQ:COMM) is -8.55% away from its 52 week high.
Lattice Semiconductor Corporation (NASDAQ:LSCC) will acquire Silicon Image in an all-cash tender offer of USD 7.30 per share, representing an equity value of approximately USD 600 million. On last trading day Lattice Semiconductor Corporation (NASDAQ:LSCC) advanced 10.77% to close at $7.30. Its volatility for the week is 4.94% while volatility for the month is 3.34%. LSCC’s sales growth for past 5 years was 8.40% and its EPS growth for past 5 years was 20.80%. Lattice Semiconductor Corporation (NASDAQ:LSCC) monthly performance is 6.57%.
Informatica Corporation (NASDAQ:INFA) announced Total revenues for the fourth quarter of 2014 were $303.7 million, an increase of 10 percent from $276.0 million in the fourth quarter of 2013. Software revenues were $150.2 million, an increase of 12 percent from $134.6 million in the fourth quarter of 2013. Within software revenues, license revenues were $129.2 million, up 7 percent year-over-year, and subscription revenues were $21.1 million, up 53 percent year-over-year. Informatica Corporation (NASDAQ:INFA) has 1.10% insider ownership while its institutional ownership stands at 95.10%. In last trading activity company’s stock closed at $43.12.
Silicon Motion Technology Corporation (NASDAQ:SIMO) announced its financial results for the quarter ended December 31, 2014. For the fourth quarter, net sales decreased 7% quarter-over-quarter to US$80.5 million from US$86.6 million in the third quarter. Net income (non-GAAP) decreased quarter-over-quarter to US$16.6 million or US$0.48 per diluted ADS from a net income (non-GAAP) of US$19.7 million or US$0.57 per diluted ADS in the third quarter. On last trading day Silicon Motion Technology Corp. (NASDAQ:SIMO) advanced 6.33% to close at $28.57. Its volatility for the week is 7.84% while volatility for the month is 5.60%. SIMO’s sales growth for past 5 years was -47.30% and its EPS growth for past 5 years was -19.10%. Silicon Motion Technology Corp. (NASDAQ:SIMO) monthly performance is 20.55%.