CNH Industrial, Planet Labs, Ferguson Enterprises And Other Big Stocks Moving Higher On Monday
U.S. stocks rallied Monday; CNH surged 13.5% after strong Q3 results and raised guidance, while several stocks posted double-digit gains.
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Reed Semiconductor has successfully defended itself in a patent infringement lawsuit initiated by Monolithic Power Systems, Inc.
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U.S. stocks rallied Monday; CNH surged 13.5% after strong Q3 results and raised guidance, while several stocks posted double-digit gains.
GlobalFoundries announced Q3 2026 results with $1.899 billion revenue, record 31.4% non-IFRS gross margin, and non-IFRS net income of $298 million. The company secured major partnerships including a landmark U.S.-Japan initiative providing up to $21 billion in funding for two new fabs in Malta, New York, a $955 million CHIPS Act amendment, a $2 billion manufacturing agreement with TSMC for silicon interposers, and expanded agreements with Marvell and Monolithic Power Systems. Q4 2026 guidance projects $2 billion revenue with 31.5% non-IFRS gross margin.
Monolithic Power Systems announced a new $500 million share repurchase authorization, bringing its total current buyback capacity to $1 billion.
Truist Securities maintained a Buy rating on Monolithic Power Systems and increased its price target to $1,906 from $1,889.
Rosenblatt Securities has upgraded its rating on Monolithic Power Systems to 'Buy' with a new price target.