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

Jul 22, 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. 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:

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:

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:


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:

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:

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  


SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: Phone number: +44-330-808-3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA