Stocks in News : ON Semiconductor Corp. (NASDAQ:ONNN), Altera Corp. (NASDAQ:ALTR), National Bank of Greece (ADR) (NYSE:NBG), Sun Communities Inc. (NYSE:SUI), GEO

Technology Stocks News 18

ON Semiconductor Corp. (NASDAQ:ONNN) recently entered into a strategic partnership with Transphorm, a company engaged in the development and marketing of modular power conversion products. Transphorm is also known for its progress in developing and bringing to market gallium nitride (GaN) solutions. ON Semiconductor Corp. (NASDAQ:ONNN) belongs to Technology sector. Its net profit margin is 7.80% and weekly performance is -16.42%. On last trading day company shares ended up $7.48. ON Semiconductor Corp. (NASDAQ:ONNN) distance from 50-day simple moving average (SMA50) is -18.74%.

Altera Corporation (NASDAQ:ALTR) and its co-partner Lime Microsystems are showcasing their new multi-standard SDR (software-defined radio) platform at the Military Communications Conference (MILCOM) 2014. MILCOM is happening on October 6 – 8 at Baltimore Convention Center. Altera Corp. (NASDAQ:ALTR) shares moved down -4.38% in last trading session and ended the day at $31.21. ALTR Gross Margin is 67.60% and its return on assets is 8.10%. Altera Corp. (NASDAQ:ALTR) quarterly performance is -10.65%.

Deputy CEO of the National Bank of Greece (NYSE: NBG), Petros Christodoulou, recently told that the country’s banks raised enough capital this year and will not need any extra capital in the upcoming ECB stress tests. Several sectors of the economy, especially tourism, have turned around and credit is improving on a rebounding housing sector. National Bank of Greece (ADR) (NYSE:NBG) belongs to Financial sector. Its net profit margin is 22.70% and weekly performance is -6.29%. On last trading day company shares ended up $2.68. National Bank of Greece (ADR) (NYSE:NBG) distance from 50-day simple moving average (SMA50) is -15.55%.

Sun Communities (NYSE:SUI) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Friday. Sun Communities Inc. (NYSE:SUI) ended the last trading day at $51.44. Company weekly volatility is calculated as 1.70% and price to cash ratio as 324.95. Sun Communities Inc. (NYSE:SUI) showed a weekly performance of 1.06%.

With the surge of unauthorized immigration this year, the impulse to protect American borders seems more critical than ever for many citizens. In response to the influx, the U.S. Immigration and Customs Enforcement has created immigration detention centers as temporary housing for undocumented immigrants before deportation. More are on the way. Within these detention centers, however, are serious risks for the detainees. Recently, women at one facility in southern Texas have allegedy experienced sexual abuse, bringing into question the safety of these shelters. According to CNN, women of Karnes Country Residential Center spoke out about sexual abuse by employees, claiming that they had been pulled from their cells at night for sexual favors and were fondled in front of children. In fact, guards offering immigration help, money and false promises for sex, has become a grave issue. In an almost unbelievable response to these allegations, Geo Group, Inc. (NYSE:GEO), which owns the center, denied all of these complaints stating, “The Karnes County Residential Center provides a safe, clean, and family-friendly environment for mothers and children awaiting required processing by the U.S. Immigration and Customs Enforcement Agency. The center provides high quality care, and our company strongly denies any allegations to the contrary.” The GEO Group, Inc. (NYSE:GEO) shares increased 0.36% in last trading session and ended the day at $36.75. GEO Gross Margin is 26.30% and its return on assets is 4.30%. The GEO Group, Inc. (NYSE:GEO) quarterly performance is 3.35%.

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