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Investor Ideas Snapshot for NASDAQ Top Percentage Gainers; (HIMX), (ZOLT), (CREE), (ASNA)
Category: Investment
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Visit: Himax Technologies Inc.
New York, New York - March 5, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for March 5th, 2013.
Himax Technologies Inc., (NASDAQ:HIMX) trading at $4.35 showed a gain of $0.91 or 26.45% on a volume of 6,221,663 shares, making it today's top percentage gainer on the NASDAQ.
Zoltek Companies Inc., (NASDAQ:ZOLT) trading at $10.83 rose by $1.58 or 17.08% on a volume of 1,274,832 shares.
Quinpario Partners LLC announced yesterday the formation of a group consisting of highly competent and reputable investors and director candidates with respect to Quinpario's investment in Zoltek Companies, Inc. The Quinpario Group disclosed in a Schedule 13D filing yesterday with the Securities and Exchange Commission aggregate ownership of approximately 10.13% of Zoltek's outstanding shares, making the Quinpario Group the Company's largest unaffiliated common shareholder.
Quinpario stated that it has been following Zoltek closely and has devoted considerable time and resources to analyzing Zoltek's product offerings, operational performance and corporate structure, as well as the competitive environment in the carbon fiber space. Quinpario Group's substantial investment in Zoltek is based upon Quinpario's analysis of the carbon fiber industry, generally, and Zoltek, specifically, which has exceptional technology, product offerings and a strong customer base in the wind and aircraft brake markets, but has yet to realize the full potential consistent with its strong technical capabilities. Quinpario believes that an opportunity exists to dramatically improve Zoltek's operational performance, unlock Zoltek's significant growth potential and enhance shareholder value.
Cree Inc., (NASDAQ:CREE) trading at $51.86 moved up $7.14 or 15.97% on a volume of 6,826,734 shares.
Cree hit a new 52-week high today as it is traded above its previous 52-week high of $46.88, with average volume also being two million shares over the past 30 days
For the quarter, the LED lighting company now sees revenue of $335 million to $350 million, up from a previous range of $325 million to $345 million. The company continues to target non-GAAP gross margin of 39.5%. The company now sees non-GAAP profits of 31-36 cents a share, up from a previous range of 30-35 cents.
The company also announced a new line of LED bulbs, at price points it contends will be low enough to give consumers a reason to switch to LED lighting, with a 40-watt warm white replacement bulb at $9.97, a 60-watt warm white bulb at $12.97 and a 60 watt day light at $13.97. The company claims using Cree's LED bulbs in a home's five most used light fixtures can save $61 a year in electricity costs. The new bulbs will be sold exclusively at Home Depot.
Ascena Retail Group Inc., (NASDAQ:ASNA) trading at $18.93 gained $2.40 or 14.52% on a volume of 4,299,693 shares.
Ascena Retail's profit fell, but not as much as analysts had predicted. The company earned $0.26 in its second quarter, which was above the consensus of $0.23. Sales of $1.24 billion also edged ahead of the $1.23 billion average forecast.
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