PMC-Sierra (PMCS) Soars on Takeover Battle; Spherix (SPEX) Continues Patent Monetization


Shares of PMC-Sierra Inc. (Nasdaq:PMCS) soared to touch a new 52-week high of $11.78 on Monday’s trading session after chip maker Microsemi Corp. (Nasdaq:MSCC) made an $11.50 per share bid offer for the company, surpassing the $10.50 per share takeover offer proposed recently by semiconductor company Skyworks Solutions Inc. (Nasdaq:SWKS)

PMCS stock closed at $11.73, up $1.49 (or +14.55%) with a total volume of 43,533,109 shares traded, a large increase in activity versus its average volume (3m) of 5,925,280

PMC-Sierra, a semiconductor and software solutions company, has195.68M Shares Outstanding and Market Capitalization (intraday) of $2.30B



The price of the stock of Spherix Inc. (Nasdaq:SPEX) climbed $0.057 (or + 12.03%) to $0.53 and 3,501,159 of its shares exchanged hands on Monday’s market activity as the company said that it has settled the patent litigation with Huawei, which has taken a license from Spherix as part of the deal between the companies.

Spherix, an intellectual property development company, has 34.40M Shares Outstanding, Market Capitalization (intraday) of $18.23M and SPEX stock 52-week range is between $0.20 and $1.65 per share


Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. GalaxyStocks is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read full disclaimer at