Hot Stock List: Microchip Technology Inc. (NASDAQ:MCHP), Netflix, Inc. (NASDAQ:NFLX), Union Bankshares, Inc. (NASDAQ:UNB), TheStreet, Inc. (NASDAQ:TST), IMRIS, Inc. (NASDAQ:IMRS)

Technology Stocks News 6

On 10 October Microchip Technology Inc. (NASDAQ:MCHP) said that it expects to report sales of $546.2 million for its fiscal second-quarter ending in September. The company had earlier forecast revenue in a range of $560 million to $575.9 million. Microchip Technology Inc. (NASDAQ:MCHP) belongs to Technology sector. Its net profit margin is 20.40% and weekly performance is -3.93%. On last trading day company shares ended up $38.39. Microchip Technology Inc. (NASDAQ:MCHP) distance from 50-day simple moving average (SMA50) is -17.59%.

On 15 October Netflix, Inc. (NASDAQ:NFLX) said it has started a new tide with the planned release of “Crouching Tiger, Hidden Dragon” and four Adam Sandler movies online. It will allow the company to offer fresh content to its customers eliminating the 7 to 18 month waiting period before streaming movies online. Netflix is all set to release Sandler movies online reaching their 50 million customers directly, although the company is working over the International rights for these movies. Netflix, Inc. (NASDAQ:NFLX) shares decreased -1.27% in last trading session and ended the day at $357.09. NFLX Gross Margin is 30.80% and its return on assets is 3.60%. Netflix, Inc. (NASDAQ:NFLX) quarterly performance is -20.99%.

On 15 October Union Bankshares, Inc. (NASDAQ:UNB) announced Net Income for the third quarter 2014 of $2.13 million, or $0.47 per share, compared to $2.07 million, or $0.47 per share, for 2013, an increase of 2.6% quarter over quarter. Results for the third quarter 2014 reflect a year to year increase in net interest income of $107 thousand, or 1.9%, and an increase in noninterest income of $493 thousand, or 24.2%, partially offset by an increase in the provision for loan losses of $55 thousand, or 57.9%, an increase in noninterest expenses of $454 thousand, or 8.9% and an increase in the provision for income taxes of $66 thousand or 12.1%. On 17 October, Union Bankshares, Inc. (NASDAQ:UNB) shares advanced 0.68% and was closed at $23.60. UNB EPS growth in last 5 year was 7.00%. Union Bankshares, Inc. (NASDAQ:UNB) year to date (YTD) performance is 4.84%.

On 7 October TheStreet, Inc. (NASDAQ:TST) announced it signed a definitive agreement to acquire Management Diagnostics Limited, the developer of the leading relationship capital management service BoardEx. TheStreet expects to pay net cash consideration of approximately $21 million at closing. In addition, an earn-out may be payable in 2018 based on 2017 net revenue of BoardEx’s existing products and services, subject to adjustment. The acquisition is expected to close during the fourth quarter of 2014, subject to customary closing conditions. TheStreet, Inc. (NASDAQ:TST) ended the last trading day at $2.20. Company weekly volatility is calculated as 3.22% and price to cash ratio as 1.35. TheStreet, Inc. (NASDAQ:TST) showed a weekly performance of -2.22%.

IMRIS, Inc. (NASDAQ:IMRS) announced that its horseshoe headrest has been selected one of 10 New Technology Showcase Winners by Twin Cities-based Life Sciences Alley (LSA), the nation’s largest regional medical industry association. The first MR-safe and CT-compatible horseshoe headrest was introduced in February and will be among the products featured at the LSA Health Technology Leadership Conference on Nov. 19 in Minneapolis. IMRIS, Inc. (NASDAQ:IMRS) shares advanced 4.08% in last trading session and ended the day at $0.51. IMRIS, Inc. (NASDAQ:IMRS) quarterly performance is -48.48%.

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