Semiconductor Stocks on Investors' Radar -- Taiwan Semiconductor Manufacturing, Marvell Technology, Analog Devices, and Skyworks Solutions
NEW YORK, May 2, 2017 /PRNewswire/ --
Stock-Callers.com scans the most recent performances of these Semiconductor Integrated Circuits companies: Taiwan Semiconductor Manufacturing Co. Ltd (NYSE: TSM), Marvell Technology Group Ltd (NASDAQ: MRVL), Analog Devices Inc. (NASDAQ: ADI), and Skyworks Solutions Inc. (NASDAQ: SWKS). The Semiconductor industry is highly cyclical, facing constant booms and busts in demand for products. Demand typically tracks end-market demand for personal computers, cellphones, and other electronic equipment. Learn more about these stocks by downloading their comprehensive and free reports at:
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Taiwan Semiconductor Manufacturing
On Monday, shares in Hsinchu City, Taiwan headquartered Taiwan Semiconductor Manufacturing Co. Ltd climbed 1.00%, ending the day at $33.40. The stock recorded a trading volume of 4.01 million shares. The Company's shares have advanced 1.00% in the last one month, 7.09% over the previous three months, and 16.17% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.70% and 10.12%, respectively. Moreover, shares of Taiwan Semiconductor, which together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan, have a Relative Strength Index (RSI) of 67.13.
On April 13th, 2017, Taiwan Semiconductor announced that it filed its 2016 annual report on Form 20-F with the US Securities and Exchange Commission. Hard copies of the report are available, free of charge, upon request. TSM complete research report is just a click away and free at:
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Marvell Technology
Shares in Hamilton, Bermuda headquartered Marvell Technology Group Ltd. ended the day 0.20% lower at $14.99, with a total trading volume of 3.19 million shares. In the previous three months and since the start of this year, the stock has gained 0.92% and 8.49%, respectively. The Company's shares are trading above their 200-day moving average by 8.91%. Furthermore, 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 46.45.
On April 06th, 2017, research firm MKM Partners resumed its 'Buy' rating on the Company's stock, with a target price of $20 per share.
On April 25th, 2017, Marvell Technology announced that Neil Kim has joined the Company as its Chief Technology Officer. In this role, Mr. Kim will lead the Company's advanced engineering efforts, process technology roadmaps, and key IP development functions worldwide. The complimentary report on MRVL can be downloaded at:
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Analog Devices
At the close of trading, shares in Norwood, Massachusetts headquartered Analog Devices Inc. finished 0.03% higher at $76.22. A total volume of 4.57 million shares was traded, which was above their three months average volume of 3.07 million shares. The stock has advanced 0.47% over the previous three months and 5.53% on an YTD basis. The Company's shares are trading above their 200-day moving average by 8.48%. 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 34.56.
On April 24th, 2017, Analog Devices announced two high frequency, low-noise MEMS accelerometers designed specifically for industrial condition monitoring applications. The ADXL1001 and ADXL1002 MEMS accelerometers deliver the high-resolution vibration measurements necessary for early detection of bearing faults and other common causes of machine failure.
On April 24th, 2017, research firm Stephens Inc. upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'. Sign up for your complimentary research report on ADI at:
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Skyworks Solutions
Woburn, Massachusetts headquartered Skyworks Solutions Inc.'s shares recorded a trading volume of 2.29 million shares at the end of yesterday's session. The stock closed the day 0.07% higher at $99.81. The Company's shares have advanced 1.70% in the past month, 7.66% in the previous three months, and 34.09% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.72% and 22.31%, respectively. Additionally, 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 50.14.
On April 24th, 2017, Skyworks Solutions released its 2016 Sustainability Report, a voluntary public document that provides a comprehensive self-assessment of the Company's commitment to sustainable business practices. The report highlights the Company's record efficiency improvements in energy and water use, reductions in municipal and hazardous waste, and progress across environmental, labor, supply chain, health, safety, ethics, and community activities.
On April 28th, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $92 a share to $108 a share. Get free access to your research report on SWKS at:
http://stock-callers.com/registration/?symbol=SWKS
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