Sector Update: Technology Shares Mixed Pre-Market, NXP Semiconductors Sinks 2% on Public Offering Plans


Top Technology Stocks:

MSFT: -0.21%

AAPL: -0.55%

IBM: flat

CSCO: +0.08%

GOOG: -0.23%

Technology shares are mixed in pre-bell trading.

Among technology stocks noting movement today, NXP Semiconductors ( NXPI ) priced a previously announced secondary offering of 25,000,000 shares of its common stock at a price of $37.65 per share. The offering is expected to settle and close on September 18, 2013, subject to customary closing conditions. NXP will not receive any proceeds from the sale of shares in the offering.

NXP is down 2% at $37.42 in pre-market trade.

And Twitter is gearing up for an IPO, this according to the company saying it expects to file an S-1 in the next few weeks and launch an IPO shortly thereafter. Some cite the value of Twitter at about $14 billion.

Finally, Analogic Corp. ( ALOG ) is up 3% at $82.25 in pre-market trade after it posted and EPS of $1.53, better than Capital IQ estimates of $1.28, higher than EPS of $1.32 per diluted share in Q4 2012.

Revenue of $166.2 million topped CIQ estimates of $162.0 million, higher than revenues of $151.0 million reported in the prior year period.

ALOG declared a $0.10 cash dividend for each common share for Q4. The cash dividend will be paid on October 10, 2013, to shareholders of record on September 26, 2013.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: ALOG , NXPI

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