Technical Roundup on Electronics Stocks -- Silicon Motion Tech, Sanmina, Dolby Labs, and LG Display
NEW YORK, October 26, 2016 /PRNewswire/ --
Stock-Callers.com highlights the following Diversified Electronics stocks: Silicon Motion Technology Corp. (NASDAQ: SIMO), Sanmina Corp. (NASDAQ: SANM), Dolby Laboratories Inc. (NYSE: DLB), and LG Display Co. Ltd (NYSE: LPL). These companies belong to the Technology sector, which trended lower on Tuesday, October 25, 2016, with shares of tech companies in the S&P 500 declining 0.4%. Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration
Silicon Motion Technology
Zhubei City, Taiwan headquartered Silicon Motion Technology Corp.'s stock finished Tuesday's session at $45.93, dropping 3.37%. A total volume of 470,866 shares was traded. The Company's shares have surged 48.17% since the start of this year. The stock is trading above its 200-day moving average by 6.71%. Moreover, shares of Silicon Motion Technology, which designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide, have a Relative Strength Index (RSI) of 38.60.
On September 29th, 2016, research firm ROTH Capital initiated a 'Buy' rating on the Company's stock.
On October 24th, 2016, the company announced its annual cash dividend to be paid in quarterly installments. As the Company's growth and profitability have been strong, the Board has decided to increase its annual dividend payment to $0.80 per ADS which will be paid in four quarterly installments of $0.20 per ADS according to the following anticipated record and payment dates: the first dividend would be paid on November 17th, 2016 for stockholders on record as of November 7th, 2016. The second dividend will be paid on February 23rd, 2017 to stockholders on books as of February 13th, 2016. The third installment of the dividend would be made on May 18th, 2017, to shareholders on record as of May 05th, 2017 and the company will pay the fourth installment on August 17th, 2017, to shareholders on record as of August 07th, 2017. SIMO complete research report is just a click away at: http://stock-callers.com/registration/?symbol=SIMO
Sanmina
Shares in San Jose, California headquartered Sanmina Corp. ended yesterday's session 0.85% lower at $29.00 with a total trading volume of 244,412 shares. The stock has gained 3.91% in the past month, 12.40% in the previous three months, and 40.91% on an YTD basis. The Company's shares are trading 5.14% above their 50-day moving average and 17.90% above their 200-day moving average. Moreover, shares of Sanmina, which provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide, have an RSI of 58.66.
On October 25th, 2016, Sanmina announced that it will host its Q4 FY16 and FY16 earnings conference call on November 1st, 2016 at 5:00 PM ET. Mr. Jure Sola, Sanmina's Chairman and Chief Executive Officer, will lead the call. The complimentary report on SANM can be downloaded at: http://stock-callers.com/registration/?symbol=SANM
Dolby Laboratories
On Tuesday, San Francisco, California-based Dolby Laboratories Inc.'s stock rose 0.02%, to close the day at $50.02. A total volume of 710,980 shares was traded, which was above their three months average volume of 471,210 shares. The Company's shares have advanced 0.37% in the previous three months and 49.89% on an YTD basis. The stock is trading 10.65% above its 200-day moving average. Additionally, shares of Dolby Laboratories, which creates audio, imaging, and voice technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices, have an RSI of 35.77.
On October 04th, 2016, research firm JP Morgan resumed its 'Neutral' rating on the Company's stock.
On October 12th, 2016, Dolby Laboratories announced that it will release financial results for Q4 FY16 after the close of regular trading on October 26th, 2016. Members of Dolby's management will lead a conference call open to all interested parties to discuss the financial results for Dolby Laboratories at 5:00 p.m. ET on the same day. Sign up for your complimentary report on DLB at: http://stock-callers.com/registration/?symbol=DLB
LG Display
Shares in Seoul, the Republic of Korea headquartered LG Display Co. Ltd ended the day 0.39% higher at $12.96 with a total trading volume of 269,059 shares. The stock has gained 1.57% in the last one month and 24.14% since the start of this year. The Company's shares are trading above their 200-day moving average by 13.26%. Furthermore, shares of LG Display, which manufactures and sells thin film transistor liquid crystal display and organic light-emitting diode technology-based panels in the Republic of Korea, the US, Europe, and Asia, have an RSI of 48.45. Download the research report for free on LPL at: http://stock-callers.com/registration/?symbol=LPL
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