Technology Stocks Technical Commentary -- First Solar, Analog Devices, MaxLinear, and Amkor Technology

22 Jul, 2016, 08:50 ET from Chelmsford Park SA

NEW YORK, July 22, 2016 /PRNewswire/ --

This morning's picks belong in the Technology sector, which continues to advance at a fast pace, driving a number of stocks forward. Industry outlook remains upbeat with various opportunities for growth. Stock-Callers.com takes a look at the following equities: First Solar Inc. (NASDAQ: FSLR), Analog Devices Inc. (NASDAQ: ADI), MaxLinear Inc. (NYSE: MXL), and Amkor Technology Inc. (NASDAQ: AMKR). Learn more about these stocks by accessing their free notes at:

http://stock-callers.com/registration

First Solar  

Tempe, Arizona headquartered First Solar Inc.'s stock recorded a trading volume of 1.68 million shares on Thursday and finished the trading session 0.21% lower at $48.33. Shares of the Company, which provides solar energy solutions in the U.S. and internationally, are trading below their 50-day moving average by 0.30%. The stock has a Relative Strength Index (RSI) of 52.99.

On July 05th, 2016, First Solar announced that it will reallocate production capacity at its Kulim, Malaysia-based facility to support a new assembly line dedicated to the company's recently announced Series 5 thin film photovoltaic module offering. As a result, First Solar will end production of its TetraSun crystalline silicon solar panel product currently manufactured there, and expects to incur impairment and related charges of approximately $90 million to $110 million, substantially all of which is expected to be non-cash. These actions are expected to reduce First Solar's operating expenses by $2 million to $4 million this year and $8 million to $10 million annually going forward.

On July 07th, 2016, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold'. The research firm also revised its previous target price downwards from $80 to $44. FSLR complete notes are just a click away at:

http://stock-callers.com/registration/?symbol=FSLR

Analog Devices  

On Thursday, Norwood, Massachusetts headquartered Analog Devices Inc.'s stock recorded a trading volume of 1.37 million shares and ended the session 1.22% lower at $59.95. The Company's shares have gained 5.06% in the last one month, 2.68% over the previous three months, and 10.06% on an YTD basis. The stock is trading 5.08% above its 50-day moving average and 6.93% above its 200-day moving average. Moreover, 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 61.57.

On June 21st, 2016, Analog Devices announced an optical sensor for gesture recognition, which improves sensing accuracy and reliability over existing solutions by measuring a subject's position, proximity, and gestures from a single sensor.  The single-point sensing used in the ADUX1020 optical sensor improves reliability of the application and reduces design complexity and cost for the system developed by requiring fewer components.

On July 01st, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating with a decrease of the target price to $63 a share from $65 a share for the Company's stock. The complimentary notes on ADI can be accessed at:

http://stock-callers.com/registration/?symbol=ADI

MaxLinear  

Carlsbad, California headquartered MaxLinear Inc.'s stock ended the day 2.35% lower at $20.82 and with a total volume of 789,654 shares traded. The Company's shares have gained 8.83% in the last month, 20.91% in the previous three months, and 41.34% on an YTD basis. The stock is trading 6.74% above its 50-day moving average and 24.27% above its 200-day moving average. Additionally, shares of MaxLinear, which provides integrated, radio-frequency (RF) and mixed-signal circuits for broadband communication and data center, metro, and long-haul transport network applications worldwide, have an RSI of 62.05.

On July 01st, 2016, MaxLinear announced that it has completed its previously announced acquisition of certain assets and intellectual property related to the wireless infrastructure backhaul business of Broadcom Corp., for $80.0 million in cash. Sign up for your complimentary notes on MXL at:

http://stock-callers.com/registration/?symbol=MXL

Amkor Technology  

Shares in Tempe, Arizona headquartered Amkor Technology Inc. recorded a trading volume of 967,275 shares, which was above their three months average volume of 798,510 shares. The stock ended the session 0.32% lower at $6.27. The Company's shares have advanced 3.64% in the last month, 14.63% over the previous three months, and 3.13% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.64% and 8.03%, respectively. Furthermore, shares of Amkor Technology, which provides outsourced semiconductor packaging and test services in the U.S. and internationally, have an RSI of 61.11.

On June 21st, 2016, Amkor Technology announced that it has received the Supplier of the Year award from Qualcomm Technologies, Inc., a subsidiary of Qualcomm Inc., for its performance in 2015. Qualcomm Technologies recognized Amkor for its significant contributions in providing packaging and test support for premium-tier mobile communications products. Get free access to your notes on AMKR at:

http://stock-callers.com/registration/?symbol=AMKR

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