This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Supertex Misses, Plunges

Supertex (SUPX) plunged 35% after missing third-quarter financial targets and shaking up its executive suite.

The Sunnyvale, Calif., chip company said Richard Siegel quit as executive vice president and as a member of the board to pursue other opportunities. The company named founder and senior vice president of technology Benedict Choy to replace Siegel on the board. Siegel's executive vice president post won't be filled.

Supertex also promoted Ahmed Masood to vice president of marketing from director of marketing, and Michael Tsang to vice president of standard products for medical ultrasound, telecom and LED markets from director of standard products for these markets.

For the quarter ended Dec. 31, Supertex made $3.7 million, or 26 cents a share, up from $2.3 million, or 17 cents a share a year earlier. Revenue rose to $19.9 million from $14.9 million a year ago. Analysts were looking for a 35-cent profit on sales of $21.7 million.

Late Thursday, Supertex fell $15.33 to $27.92.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SUPX $32.98 0.00%
AAPL $132.74 1.90%
FB $82.37 1.00%
GOOG $556.95 -1.40%
TSLA $238.55 9.20%


DOW 18,134.66 +54.52 0.30%
S&P 500 2,121.30 +3.61 0.17%
NASDAQ 5,103.0280 +10.9430 0.21%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs