PLX Technology Inc. (PLXT) reported a first quarter loss of $0.12 per share after the close Monday, compared to the loss of $0.09 per share last year. The consensus estimate was for a loss of $0.06.
Integrated Device Technology (IDTI) also announced that it agreed to acquire PLX Technology for $3.50 in cash and 0.525 shares of IDT common stock for each PLX common share outstanding. The transaction is valued at approximately $330 million.
PLX Technology gapped open dramatically higher Tuesday, but traded in a narrow range throughout the session. The stock closed up by 2.68 at $6.66 on the highest volume of the year. PLX Technology leaped to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.