Stocks making the biggest moves midday: Dell, On Semiconductor, PayPal, Catalent & more

Check retired the companies making headlines successful midday trading Monday.

On Semiconductor — Shares gained much than 1% aft the institution reported net Monday that bushed Wall Street estimates. The institution posted $2.1 cardinal successful gross for the quarter, a 13.5% increase from $1.85 cardinal successful gross past year.

Dell — The tech institution saw its shares autumn 3.7% aft it announced its plans to laic disconnected 5% of its workforce. Dell co-chief operating serviceman Jeff Clarke said the unit cuts are an effort to "stay up of downturn impacts." The institution has been struggling with the planetary slowdown successful request for PCs and laptops during the past year.

Tyson Foods — Shares of the nutrient processing elephantine suffered a 4.8% driblet pursuing the company's weaker-than-expected results for its most-recent quarter. Tyson earned 85 cents per stock connected gross of $13.26 billion. Analysts expected $1.34 per stock successful net and gross of $13.52 billion, according to Refinitiv.

T-Mobile – The telecom banal fell 2.4% aft MoffettNathanson downgraded shares to marketplace execute from an outperform rating, citing concerns astir slowing growth.

Children's Place — Shares dropped much than 5.1% aft absorption said it expects to study a nett loss successful the scope of $52 cardinal to $57 cardinal for the 4th quarter, citing a "deterioration successful gross margin" due to the fact that of a hard macro environment.

PayPal — Shares of the payments institution fell much than 3% aft Raymond James downgraded the banal to marketplace execute from outperform. The Wall Street steadfast said it holds a cautious stance connected the banal up of PayPal's fourth-quarter net acceptable for aboriginal this week, expecting "flat to antagonistic maturation for branded checkout."

Energizer Holdings — The artillery maker's banal terms mislaid 8.5% aft fourth-quarter gross and net fell abbreviated of expectations.. The institution reaffirmed net per stock and gross maturation guidance for the afloat year.

Catalent — Shares of the declaration shaper surged 20.4% pursuing a Bloomberg News report showing Danaher has expressed involvement successful taking implicit the company. Shares of Danaher mislaid 1%. 

Under Armour — Shares of the sports instrumentality retailer mislaid 3% successful midday trading. However, Baird connected Monday said that sentiment for the company's shares are improving much positively since past fall, citing hopes of an net betterment this twelvemonth disconnected of prospects for a brushed landing. Year to date, Under Armour's Class A banal is up 20%.

Align Technology — The aesculapian instrumentality institution roseate much than 1% aft it announced a $250 cardinal accelerated banal repurchase statement with Citibank.

— CNBC's Tanaya Macheel, Samantha Subin, Alex Harring, Sarah Min, Yun Li, and Hakyung Kim contributed reporting.