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Long Island stocks on move

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Man holding chart Photo Credit: Photos.com

Here are two Long Island companies whose stocks moved significantly during the week ending April 29, 2011.

State Bancorp
(STBC)
Jericho
$13.20 (week's change: +24.5%) 
52-week return: +36.1%
The bank company agreed to be acquired by New Jersey-based Valley National Bancorp in a deal valued at $222 million. State Bank has 13 branches on Long Island and five in Queens.

Standard Microsystems
(SMSC)
Hauppauge
$27.15 (week's change: +4.5%) 
52-week return: +5.7%
The company said its Inter-Chip Connectivity technology has been licensed by semiconductor giant Advanced Micro Devices. The technology is used in USB ports and controllers.

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