AAPL: + 0.20%
Technology stocks were mixed Thursday afternoon, with the shares of tech stocks in the S&P 500 dropping around 0.2% while the Philadelphia Semiconductor Index was up 0.2%.
Among technology stocks moving on news:
(+) SemiLEDS (LEDS) fell 8% Thursday afternoon, giving up some of Wednesday's gains after the company received an offer from Xian Chang Ma, chairman and CEO of Chinese biomedical firm Shandong Tengjunxiang Biotechnology, to acquire a 19% stake in the chip maker.
In other sector news:
(+) Viomi Technology (VIOT) was down nearly 3% in the afternoon, after it posted Q2 non-GAAP earnings of RMB1.37 ($0.19) per American depositary share that surged from RMB 0.70 a year ago.
(-) Analog Devices (ADI) edged up 0.3% after the analog technology company on Wednesday posted fiscal Q3 adjusted earnings of $1.26 per share, down from $1.51 per share in the comparable period a year ago but exceeding the estimate of $1.23 per share from analysts polled by Capital IQ.
(+) Tesla (TSLA) was up more than 1% amid a report that Scottish asset management firm Baillie Gifford's James Anderson, a principal backer of Tesla, said CEO Elon Musk is damaging the battery car maker with his "micromanagement," and that Musk does not have to be the company's CEO.
Price: 137.42, Change: -1.37, Percent Change: -0.99
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