Agilent Technologies — Shares rose more than 4% a day after the company announced a $2 billion share repurchase program. Agilent also said it was investing $725 million to double manufacturing capacity.
On Semiconductor — The semiconductor stock shed nearly 3% after being downgraded by William Blair to market perform. Analysts said On Semiconductor continues to struggle with GT Advanced technologies and that its silicon carbide yields are half of their origination assumptions.
Dish Network — The satellite TV company dropped 3% in midday trading. Goldman Sachs reinstated its neutral rating on Tuesday, noting that while the company is positioned to gain share, it faces significant execution risk and the acceleration of cord-cutting. The firm’s $14 price target implies 11.5% downside from Monday’s close.
