John Ransom

Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.

Click here to listen to Ransom Notes Radio live or for archives of previous shows.

Stock number one: Hittite Microwave Corporation

Analog Devices Bids $2B for Hittite Microwave—The

Semiconductor company Analog Devices (ADI_) said Monday it would acquire rival Hittite Microwave (HITT_) in a $2 billion deal that would boost its radio frequency and signal conversion chip offerings. Terms of the deal call for Analog to pay $78 per share for Chelmsford, Mass.-based Hittite, a premium of 28.8% over the target's $60.56 Friday close.

Symbol: HITT

Trailing PE: 35; Forward PE: 23

PEG: 0.08

Dividend: 1.00

Estimate Trend: Flat

Ransom Note Trendline: Sell Hittite

HITT Chart

HITT data by YCharts

Stock number two: Staples, Inc.

Business Interiors by Staples and Metropolis Magazine Announce Second Annual Workplace of the Future Design Competition--Business Wire

Students, emerging designers and industry professionals can architect their vision for the workplace of the future in a competition hosted by Business Interiors by Staples, the furniture and interior design division of Staples Advantage, and Metropolis, the magazine of architecture, culture and design. The second annual contest, Workplace of the Future 2.0, starts July 1, 2014 with a call for entries that invites architects and designers to submit concepts that depict how the workplace will change in the next 10-15 years.

Symbol: SPLS

Trailing PE: NA; Forward PE: 11

PEG: -9.72

Dividend: NA (Div Cut)

Estimate Trend: Flat

Ransom Note Trendline: Sell Staples

SPLS Chart

SPLS data by YCharts

Stock number three: Pilgrim's Pride Corporation

Tyson knocks Pilgrim's out of Hillshire bidding with new offer--Fly on the Wall

Shares of food processor and distributor Hillshire Brands (HSH) are rising after Tyson Foods (TSN) submitted an increased offer to acquire the company, prompting rival Pilgrim's Pride (PPC) to withdraw its own takeover proposal. WHAT'S NEW: Tyson submitted a unilaterally binding offer to acquire all outstanding shares of Hillshire for a price of $63 per share in cash.

Symbol: PPC

Trailing PE: 11; Forward PE: 15

PEG: 1.57

Dividend: NA

Estimate Trend: Flat

Ransom Note Trendline: Avoid Pilgrim’s Pride

PPC Chart

PPC data by YCharts

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!