TMCnet News
ONNN, ATML, CY, MXIM, and IDTI Early Briefing and Review(ACCESSWIRE (Canada) Via Acquire Media NewsEdge) Category: Baystreet Newswire Company: Blue Sea Investment ID: 404037 Date: Thursday, May 09, 2013 Ticker: NASDAQ:ONNN StockCall.com Provides Stock Research on ON Semiconductor Corp., Atmel Corp., Cypress Semiconductor Corp., Maxim Integrated Products Inc., and Integrated Device Technology Inc. New York City, New York -- (May 09, 2013) 2012 was a challenging year for the semiconductor industry due to weakness in PC market. The PC market is expected to remain weak as more and more consumers shift to mobile. Semiconductor industry also struggled due to weakness in the global economy. Although economic outlook has improved since the start of this year, the global economy is not out of the woods yet. Therefore, 2013 is expected to be another challenging year for the semiconductor industry. Semiconductor stocks ended mostly higher on Wednesday, tracking gains in the broad market. Among the major movers were 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). StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at www.stockcall.com/report Shares of ON Semiconductor Corp. slipped on Wednesday even as the broad market rose to record high level. The stock fell to an intraday low of $7.86 before finishing the day 1.61% lower at $7.95 on above average volume of 10.84 million. Despite the sharp decline yesterday, ON Semiconductor’s shares are currently trading close to their 52-week high of $8.71. However, the stock has slipped below its 50-day moving average as a result of the sharp decline yesterday, which is a bearish signal. Sign up for the free report on ONNN at www.StockCall.com/ONNN050913.pdf Shares of Atmel Corporation edged higher in yesterday’s trading session. The stock traded between $6.51 and $6.68 before finishing the day 0.61% higher at $6.64 on volume of 4.32 million, taking its gains for the week to nearly 2.80%. Atmel’s shares have seen a series of highs this week which is a bullish signal. The stock has also crossed above its 50-day moving average as a result of the gains this week which further confirms the positive trend. Year-to-date, shares of the company have gained nearly 1.40% as compared to a gain of nearly 14.50% for the S&P 500. ATML free technical report can be accessed by signing up at www.StockCall.com/ATML050913.pdf Shares of Cypress Semiconductor Corporation rallied in trading on Wednesday. The stock rose to an intraday high of $10.65 before finishing the day 3.01% higher at $10.61 on volume of 1.89 million. Cypress Semiconductor’s shares have gained more than 4.70% this week. The stock’s MACD has crossed above the signal line which is a strong bullish signal. The positive trend is further confirmed by recent volume activity. Despite the gains this week, the company’s shares have fallen more than 1.10% so far in 2013. Free report on CY can be accessed by registering at www.StockCall.com/CY050913.pdf Shares of Maxim Integrated Products Inc. edged higher in Wednesday’s trading session, extending their gains for the week. The stock closed 0.57% higher at $31.81 on volume of 2.30 million, taking its growth in the last three trading sessions to over 1.40%. The company’s shares have jumped nearly 9% so far this year, underperforming the broad market. The stock is currently trading more than 5.50% below its 52-week high.Register withStockCall and download the research on MXIM for free at www.StockCall.com/MXIM050913.pdf Shares of Integrated Devices Technology Inc. rose sharply on Wednesday. The stock traded between $7.44 and $7.82 before finishing the day 2.80% higher at $7.70 on above average volume of 2.15 million, taking its gains for the week to nearly 6%. Despite the rally this week, Integrated Devices Technology’s shares are up just 5.48% for the year. The stock’s technical indicators, however, suggest that market sentiment has turned bullish. Read the full free research on IDTI by signing up to StockCall at www.StockCall.com/IDTI050913.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 www.stockcall.com Contact Person: William T. Knight Email: [email protected] Contact Number: (646) 396-9857 (9:00 am EST – 01:30 pm EST) © 1998 - 2013 Baystreet.ca Media Corp. All rights reserved. |