NEW YORK, November 21, 2016 /PRNewswire/ --
This morning, Stock-Callers.com looks at the Semiconductor Integrated Circuits industry which is involved in the design, manufacture, and sale of processors for industrial use, including parts for consumer and business devices. Companies in this space tend to offer below-average dividend yields. Equities in focus this morning are: Taiwan Semiconductor Manufacturing Co. Ltd (NYSE: TSM), Marvell Technology Group Ltd (NASDAQ: MRVL), Skyworks Solutions Inc. (NASDAQ: SWKS), and Analog Devices Inc. (NASDAQ: ADI). Learn more about these stocks by downloading their comprehensive and free reports at:
Taiwan Semiconductor Manufacturing
Shares in Hsinchu, Taiwan headquartered Taiwan Semiconductor Manufacturing Co. Ltd ended Friday's session flat at $29.47 with a total trading volume of 5.14 million shares. The stock has advanced 3.77% over the previous three months and 34.40% on an YTD basis. The Company's shares are trading 11.02% above their 200-day moving average. Moreover, shares of Taiwan Semiconductor Manufacturing, which engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices, have a Relative Strength Index (RSI) of 42.48. TSM complete research report is just a click away and free at:
Marvell Technology Group
Hamilton, Bermuda headquartered Marvell Technology Group Ltd's shares jumped 10.78%, closing the day at $14.80. A total volume of 25.43 million shares was traded, which was above their three months average volume of 5.04 million shares. The stock has advanced 13.41% in the last month, 19.62% in the previous three months, and 70.56% since the start of this year. The Company's shares are trading 14.43% above their 50-day moving average and 35.27% above their 200-day moving average. Additionally, shares of Marvell Technology, which designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits, have an RSI of 76.47.
On November 17th, 2016, Marvell Technology reported that Q3 FY17 GAAP net income was $73 million, or $0.14 per share (diluted) compared to a GAAP net loss of $57 million, or loss of $0.11 per share in Q3 FY16. Non-GAAP net income for Q3 FY17 was $105 million, or $0.20 per share (diluted). Cash flow from operations for the reported quarter was $121 million. For Q4 FY17, the company's revenue is expected to be $565 million plus or minus 2%, excluding discontinued operations and reflecting normal seasonality.
On November 18th, 2016, research firm Susquehanna upgraded the Company's stock rating from 'Neutral' to 'Positive'. The complimentary report on MRVL can be downloaded at:
Last Friday, shares in Woburn, Massachusetts headquartered Skyworks Solutions Inc. gained 0.33%, closing the session at $78.21 with a total trading volume of 2.18 million shares. The stock has advanced 0.53% in the last one month, 8.11% over the previous three months, and 3.48% on an YTD basis. The Company's shares are trading 3.23% above their 50-day moving average and 12.19% above their 200-day moving average. Furthermore, shares of Skyworks Solutions, which together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide, have an RSI of 57.35.
On November 04th, 2016, research firm Craig Hallum reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $85 a share to $90 a share.
On November 09th, 2016, Skyworks Solutions launched its portfolio of cable TV infrastructure solutions targeting DOCSIS 3.1 and EuroDOCSIS 3.1 cable applications. Skyworks' suite of products includes ultra-linear RF amplifiers - the first devices commercially available for frequencies up to 1218 MHz in Europe - optimized to support high signal fidelity. Skyworks has already secured a key design win with a major European CATV OEM. Sign up for your complimentary research report on SWKS at:
Norwood, Massachusetts headquartered Analog Devices Inc.'s shares finished the session 0.38% higher at $68.47 with a total trading volume of 1.58 million shares. The stock has advanced 7.88% in the last month, 7.96% in the previous three months and 26.53% on YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 7.83% and 16.08%, respectively. Additionally, shares of Analog Devices, which designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits, algorithms, software, and subsystems, have an RSI of 71.70.
On November 17th, 2016, Analog Devices announced the acquisition of a solid-state laser beam steering technology from Vescent Photonics, Inc., a privately held company based in Golden, Colorado. This acquisition strengthens Analog Devices' position as a major automotive safety system technology partner for next generation ADAS and autonomous driving applications and builds on the company's 20-year history in advancing automotive safety. Get free access to your research report on ADI at:
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