01:02 PM EST, 11/26/2024 (MT Newswires) -- Semtech (SMTC) reported late Monday fiscal Q3 earnings and revenue that beat consensus estimates. The chipmaker also issued fiscal Q4 guidance above analyst forecasts.

Semtech shares recently were up more than 17%, easing slightly from an earlier advance of 25%. Trading volume was of nearly 4.3 million shares compared with an average of 1.6 million shares per day.

Arrowhead Pharmaceuticals ( ARWR ) Tuesday announced a global licensing and partnership agreement with Sarepta Therapeutics ( SRPT ) to develop new therapies for genetic diseases of the muscle, central nervous system, and lungs. The deal includes an $500 million upfront payment and a $325 million equity investment by Sarepta in Arrowhead upon closing, the companies said.

Arrowhead shares were trading more than 17% higher. More than 4.9 million shares were traded compared with an average of less than 1.1 million shares.

NRG Energy ( NRG ) received an upgrade on Tuesday from analysts at Jefferies who upgraded the electricity supplier to buy from hold and also increased their price target to $113 from $93.

NRG shares were nearly 10% higher in recent trading. Nearly 2 million shares have traded so far on Tuesday compared with a daily average of around 2.6 million shares per day.

Price: 62.64, Change: +9.20, Percent Change: +17.22