Morning Research on ON Semiconductor, Atmel Corp., Cypress Semiconductor, Maxim Integrated Products, and Integrated Device Technology
LONDON, April 5, 2013 /PRNewswire/ --
2012 was a challenging year for the semiconductor industry. However, the outlook for the industry has improved in 2013 as global economy continues to show signs of recovery. The semiconductor industry is also adapting to the changing market dynamics. The shift to mobile has emerged as the biggest trend in the industry, and companies with sound mobile strategy are the ones that can expect a robust year ahead. For companies such as ON Semiconductor Corp. (NASDAQ: ONNN), Atmel Corporation (NASDAQ: ATML), Cypress Semiconductor Corporation (NASDAQ: CY), Maxim Integrated Products Inc. (NASDAQ: MXIM), and Integrated Device Technology Inc. (NASDAQ: IDTI), the key will be to take advantage of the opportunities offered by the shift to mobile. Semiconductor stocks ended mostly higher on Thursday, tracking gains in the broad market. StockCall has posted free technical research reports on ONNN, ATML, CY, MXIM, and IDTI and these can be accessed by signing up at
http://www.stockcall.com/analysis
Shares of ON Semiconductor Corp. rose sharply on Thursday, reversing some of the losses from the previous two trading sessions. The stock ended the day 1.16% higher at $7.84 after touching an intra-day high of $7.88. Despite the gains, the stock is still down more than 3.20% in the last three sessions. ON Semiconductor's shares fell below their 50-day moving average as a result of the sell-off earlier in the week. This is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Download the free report on ONNN upon registration at
http://www.StockCall.com/ONNN040513.pdf
Shares of Atmel Corporation also rebounded on Thursday after falling sharply in the previous two trading sessions. The stock ended the day 1.41% higher at $6.47 after touching an intra-day high of $6.53. In the last three sessions, however, the stock has fallen more than 5%. Year-to-date, Atmel's shares are now down more than 1.20%. The stock is now trading more than 32% below its 52-week high. ATML technical report can be accessed for free by signing up at
http://www.StockCall.com/ATML040513.pdf
Shares of Cypress Semiconductor Corporation rallied in trading on Thursday, reversing most of its losses from the previous two sessions. The stock closed 3.49% higher at $10.81 after touching an intra-day high of $10.86. The company has once again moved above its 200-day moving average. The stock is currently facing stiff resistance at around $11.25. The free report on CY can be downloaded by signing up now at
http://www.StockCall.com/CY040513.pdf
Shares of Maxim Integrated Products Inc. edged higher on Thursday; however, the gains were limited. The stock touched an intra-day high of $31.51 before finishing the day 0.77% higher at $31.43. Despite the gains on Thursday, shares of MXIM have fallen more than 1.70% in the last three trading sessions. Year-to-date, nonetheless, the stock has gained more than 7.60%. Maxim's shares are trading more than 6.60% below their 52-week high. Free report on MXIM can be accessed by registering at
http://www.StockCall.com/MXIM040513.pdf
Shares of Integrated Device Technology Inc. fluctuated between gains and losses before finishing the day flat on Thursday. The stock closed at $7.17. Integrated Device Technology Inc.'s shares have fallen nearly 1.80% so far in 2013, underperforming the broad market. The stock is currently trading at its 50-day moving average. Register with StockCall and download the research on IDTI for free at
http://www.StockCall.com/IDTI040513.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
SOURCE StockCall.com
Share this article