Lantronix Inc. fell 9.3% to $5.47, with a market cap of $254 million. The Irvine-based Edge AI and IoT provider reported on Wednesday that fourth-quarter revenue of $31.2 million, up 8% from last year (Nasdaq: LTRX).
Shimmick Corp rose 5% to $4.20 per share, giving it a market cap of $173 million. The Irvine construction and engineering firm is trading at 26% below its typical volume (Nasdaq: SHIM).
Rip of $22.6 billion. The decline followed the resignation of Chief Financial Officer Claire McDonough at the Irvine-based electric vehicle maker (Nasdaq: RIVN)
Lantronix Inc. rose 5.3% to $5.96 per share
Lantronix Inc. rose 5.3% to $5.96 per share with a $268 million market cap during midday trading. Shares of the Irvine-based computer networking and electronics products maker are up after coming out with fourth quarter revenue of $31.2 million on Wednesday, exceeding the $30.7 million expected by analysts (Nasdaq: LTRX).
Biomerica Inc. jumped 15% to $1.93 apiece and a $6.5 million market cap. The biomedical company, which makes diagnostic tests with a focus on gastrointestinal and inflammatory diseases, today announced the closing of a $2.23 million private placement that will help the company strengthen its balance sheet, according to officials (Nasdaq: BMRA).
The Nasdaq increased 1.3% to 26,476.73.
Santa Ana-based TTM Technologies is up 7.5% to $120.69 a share for a market cap of $12.8 billion. On Tuesday, CEO and President Edwin Roks purchased 10,000 shares of stock, according to a regulatoryfiling (NASDAQ:TTMI).
Irvine-based Riet cap of $23 billion amid
Irvine-based Riet cap of $23 billion amid a broader sell off in the EV sector (Nasdaq: RIVN). Year-to-date, the stock is down 19%
SEMICONDUCTORS
Semiconductor company Skyworks Solutions dipped 3.8% to $64.29 per share for a market cap of $9.7 billion after investor website Stock Analysis said that according to 24 analysts polled by S&P Global, the Irvine-based company’s stock has a consensus rating of “Hold” and an average price target of $68.35 (Nasdaq: SWKS).
HEALTHCARE
Newport Beach-based PMGC Holdings was down 13% at $5.67 apiece for a market cap of $4.6 million after the company announced a proposed spaceflight study focused on muscle changes in mice (Nasdaq: ELAB).
MARKETS
The price for a barrel of oil fell 3.4% to $82.15 after the Trump administration outlined new economic sanctions against Iran called “Operation Economic Outcast.”
Shares in Irvine-based computer memory products maker Netlist Inc. decreased 5.3% to $4.83 apiece on Monday (OTCQB: NLST). The stock has fallen 31% since reaching a new 52-week high of $7 per share on Aug. 17, previously driven by Netlist’s filing of a patent infringement action at the U.S. International Trade Commission and a $5 price target upgrade from analyst firm Roth Capital.
Irvine-based Lantronix Inc. fell 5.4% to $5.66 per share with a $251 million market cap during midday trading (Nasdaq: LTRX). Shares of the computer networking and electronics products maker were down ahead of reporting fiscal fourth quarter results on Wednesday, where analysts are expecting a 6.54% increase in revenue to $30.7 million.
Crude oil was down 2% to $85.35 a barrel.
Rip of $24.6 billion. The Irvine-based electric vehicle maker is trading at 34% less than its usual volume (Nasdaq: RIVN)
El Pollo Loco rose 3% to $15.82, with a market cap of $481.6 million. The Costa Mesa-based fast casual chain’s shares are up 5.6% since hitting a low of $14.74 on Aug. 11 (Nasdaq: LOCO).
TTM Technologies Inc
TTM Technologies Inc. shares dropped 3% to $110.76, giving it a market cap of $11.6 billion. Despite the Santa Ana-based circuit board maker’s latest performance, some analysts are concerned that the shares appear overvalued, according to Simply Wall St (Nasdaq: TTMI).
Eledon Pharmaceuticals Inc. fell 3.5% to $3.43 apiece with a $278 million market cap. Shares in the Irvine-based biotechnology company are down 7.3% since Aug. 13 after reporting second quarter net loss widened to $31.6 million, from $11.2 million a year earlier (Nasdaq: ELDN).
Virgin Galactic Holdings Inc. decreased 5% to $3.04 per share and a $461 million market cap. The Tustin-based space tourism company, which is facing a delayed commercial launch, on Tuesday announced it received a $2.75 million settlement in shareholder lawsuits with no finding of wrongdoing (NYSE: SPCE).
The yield on a 10-year Treasury bond increased 1% to 4.7%.
Crude oil rose 2.6% to $86.60 per barrel.
Broadcom is down 4.4% to $362.89 apiece
Broadcom is down 4.4% to $362.89 apiece with a market cap of $1.7 trillion. Shares of the chipmaker, with offices in Irvine, fell after its key rival, Marvell, announced today a significant deal with Google for custom AI chips (Nasdaq: AVGO).
TTM Technologies fell 6.7% to $117.34 per share, with a market cap of $12.4 billion. Shares continued to slide after the Santa Ana-based printed circuit board maker announced this week plans to buy Epiq Design Solutions of Illinois from Veritas Capital for about $1.1 billion (Nasdaq: TTMI). Read more about the acquisition in the Aug. 24 edition of the Business Journal.
Chipotle Mexican Grill rose 4% to $34.67 a share with a market cap of $44.4 billion. Today, the Newport Beach-based fast casual chain launched a digital-only kids’ quesadilla meal with influencer Salish Matter (NYSE: CMG).
Agricultural products company American Vanguard Corporation is up
Agricultural products company American Vanguard Corporation is up 10% to $2.36 a share with a market cap of $72.3 million. The Irvine-based company recently named Mark Helt as U.S. Crop President (NYSE:AVD).
Gold is up nearly 3% to $4,542.90 an ounce
Crude oil is up nearly 2% to $85.45 a barrel
SEMICONDUCTORS
Aliso Viejo-based Indie Semiconductor fell 9.9% to $4.25 per share for a market cap of $982 million. Investor website MarketBeat.com said earlier today that the company “continues to report negative margins and return on equity” (Nasdaq: INDI).
PRINTED CIRCUIT BOARDS
Santa Ana-based TTM Technologies dropped 12% to $124.04 per share for a market cap of $13 billion, a day after saying it had agreed to buy Epiq Design Solutions of Illinois for about $1.1 billion (Nasdaq: TTMI).
INDEXES
The Nasdaq was down 1.1% at 26,344.19 amid a continuing tech selloff.
MARKETS
Gold was down 1.2% at $4,421.50.
Staar Surgical Co. fell 8% to $24.05 apiece and a $1.2 billion market cap. Shares in the Lake Forest-based maker of implantable eye lenses are down after analyst firm Stifel cut its price target on the stock from $31 to $28, while maintaining a Hold rating (Nasdaq: STAA).
MDxHealth SA rose 5.3% to 85 cents per share with a $44 million market cap
MDxHealth SA rose 5.3% to 85 cents per share with a $44 million market cap. Shares of the Irvine-based medical diagnostics company are up 85% since Aug. 13 after reporting second quarter revenue rose 16% to $27.2 million, surpassing the Zacks Consensus Estimate by 5.5% (Nasdaq: MDXH).
Gold increased 1% to $4,484.60 per ounce.
Mobix Labs Inc. shares dropped 21% to $1.20, giving the company a market cap of $18.2 million. The Irvine semiconductor and national security firm signed an agreement Thursday to acquire Special Project Delivery, expanding Mobix into rare earth elements, critical minerals and energy (Nasdaq: MOBX).
Shares of Alignment Healthcare Inc. rose 5% to $14.15, raising its market cap to $2.9 billion. The Orange-based health services company is trading at 84% below its usual volume (Nasdaq: ALHC).
Lantronix, Inc. jumped 4.5% to $6.37, putting
Lantronix, Inc. jumped 4.5% to $6.37, putting its market cap at $284 million. The Irvine company, which provides Edge AI and IoT solutions, said Thursday it will release its fiscal 2026 fourth-quarter results, for the period ending June 30, after the market closes on Aug. 26 (Nasdaq: LTRX).
Reborn Coffee Inc. decreased 12% to $1.31 apiece with a $10.7 million market cap. Volume of the Brea-based coffee chain is more than 10 times greater than its daily average of 61,000. Shares in Reborn are down despite news of a $20 million supply deal with agricultural products supplier The Mighty Oak Inc. (Nasdaq: REBN).
Virgin Galactic Holdings Inc. fell 7% to $3.06 per share and a $464 million market cap. The Tustin-based space tourism company yesterday said it’s delaying the start of its commercial spaceflights, originally slated for the fourth quarter, to February 2027 (NYSE: SPCE).
Gold dropped 1% to $4,422.70 per ounce.
Crude oil fell 1.7% to $81.87 per barrel.
