Top After-Hours Stocks on the Move (IDTI, MHP, OPWV, SPIL, SNCR, TXRH)

Investing

Published: August 1, 2011 5:30 pm

We are tracking several key movers and shakers after the close in this Monday’s after-hours evening trading session. Some are earnings related but some moves are from other data. Those on the move are as follows: Integrated Device Technology, Inc. (NASDAQ: IDTI); The McGraw-Hill Companies, Inc. (NYSE: MHP); Openwave Systems Inc. (NASDAQ: OPWV); Siliconware Precision Industries Company, Ltd. (NASDAQ: SPIL); Synchronoss Technologies, Inc. (NASDAQ: SNCR); and Texas Roadhouse, Inc. (NASDAQ: TXRH). We have outlined a brief summary of the news and the moves on each.

Integrated Device Technology, Inc. (NASDAQ: IDTI) met estimates, but missed on revenues after the close. Shares are trading down 8.2% at $6.16 in the after-hours session.

The McGraw-Hill Companies, Inc. (NYSE: MHP) is surging on news that Jana Partners and the Ontario Teachers are not just going activist… They took a stake and are pushing for the company to bust itself up to enhance value. Shares are up almost 6% at $43.85 in active trading after the close.

Openwave Systems Inc. (NASDAQ: OPWV) is one that many have already forgotten long ago, but a wider loss and announcing job cuts is not going to help matters. Shares closed down almost 2% today and shares are down another 6.3% at $2.07 in the after-hours session.

Siliconware Precision Industries Company, Ltd. (NASDAQ: SPIL) fell after reporting almost 2% sequential sales growth that seems to have missed the mark. Shares are down 8.8% at $4.52 after the close.

Synchronoss Technologies, Inc. (NASDAQ: SNCR) turned in an 8.5% earnings gain but also announced a patent settlement with Dashwire for cloud management patents; Synchronoss shares are up 6.7% at $30.70 in the after-hours session.

Texas Roadhouse, Inc. (NASDAQ: TXRH) is getting clipped in after-hours trading after posting a penny-lite $0.22 EPS and giving 5% growth guidance on earnings rather 5% to 10% previously along with lower margins. Shares are down 9.7% at $15.00 in the Monday evening post-close period.

JON C. OGG

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