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Integrated Circuits Semiconductor Stocks Under Review -- Taiwan Semiconductor Manufacturing, Marvell Technology, Skyworks Solutions, and Xilinx
[August 01, 2016]

Integrated Circuits Semiconductor Stocks Under Review -- Taiwan Semiconductor Manufacturing, Marvell Technology, Skyworks Solutions, and Xilinx


NEW YORK, August 1, 2016 /PRNewswire/ --

Today's focus is on the Semiconductor Integrated Circuits industry. According to the World Semiconductor Trade Statistics data, global semiconductor revenue is expected to drop 2.4% to about $327 billion YOY in 2016. Stock-Callers.com takes a look at today's featured companies: Taiwan Semiconductor Manufacturing Co. Ltd (NYSE: TSM), Marvell Technology Group Ltd (NASDAQ: MRVL), Skyworks Solutions Inc. (NASDAQ: SWKS), and Xilinx Inc. (NASDAQ: XLNX). Learn more about these stocks by downloading their free research reports in PDF format at:

http://stock-callers.com/registration

Below is a brief market recap of these stocks' performances at the closing bell last Friday:

Taiwan Semiconductor Manufacturing  

Taiwan Semiconductor Manufacturing Co. Ltd's shares recorded a trading volume of 7.37 million shares, which was above its three months average volume of 7.11 million shares. The stock finished the trading session 1.28% lower at $27.78. The Company's shares have gained 7.67% in the last one month, 22.18% over the previous three months, and 26.69% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.54% and 19.30%, respectively. Furthermore, shares of Taiwan Semiconductor Manufacturing, which engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices, have a Relative Strength Index (RSI) of 62.78.

On July 12th, 2016, research firm Nomura downgraded the Company's stock rating from 'Buy' to 'Neutral'. Sign up and read the free research report on TSM at:

http://stock-callers.com/registration/?symbol=TSM


Marvell Technology Group  

Last Friday, Hamilton, Bermuda headquartered Marvell Technology Group Ltd's shares recorded a trading volume of 9.86 million shares, which was above its three months average volume of 5.82 million shares. The stock ended the session at 1.18% lower at $11.75. The Company's shares have surged 24.47% in the last one month, 18.43% over the previous three months, and 34.79% on an YTD basis. The stock is trading 15.84% above its 50-day moving average and 25.29% above its 200-day moving average. Moreover, shares of Marvell Technology Group, which designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits, have an RSI of 69.92.

On July 27th, 2016, Marvell Technology reported non-GAAP net income of $7 million, or $0.01 per diluted share, for Q1 FY17 as compared to non-GAAP net income of $71 million or $0.13 per diluted share Q1 FY16.  The company reported that revenues for Q1 FY17 were $541 million, down approximately 25% from $724 million in Q1 FY16.

On July 28th, 2016, research firm Northland Capital upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. The complimentary research report on MRVL can be downloaded at:


http://stock-callers.com/registration/?symbol=MRVL


Skyworks Solutions  

Woburn, Massachusets headquartered Skyworks Solutions Inc.'s stock ended the day 0.68% lower at $66.02 and with a total volume of 1.57 million shares traded. The Company's shares have gained 6.95% in the past month. The stock is trading 1.26% above its 50-day moving average. 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 50.56.



On July 22nd, 2016, Skyworks Solutions declared a quarterly cash dividend of $0.28 per share, representing an 8% increase from the prior quarterly dividend of $0.26 per share. The dividend is payable on August 25th, 2016, to stockholders of record as of the close of business on August 4th, 2016.

On July 22nd, 2016, research firm Cowen reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price to $72 a share from $76 a share. Register for free on Stock-Callers.com and access the latest report on SWKS at:


http://stock-callers.com/registration/?symbol=SWKS


Xilinx  

Shares in San Jose, California headquartered Xilinx Inc. recorded a trading volume of 2.74 million shares, which was above their three months average volume of 2.56 million shares. The stock ended Friday's session 0.02% lower at $51.08. The Company's shares have gained 12.34% in the last month, 19.48% over the previous three months, and 10.29% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.95% and 10.05%, respectively. Furthermore, shares of Xilinx, which designs and develops programmable devices and associated technologies worldwide, have an RSI of 75.11.

On July 27th, 2016, Xilinx announced sales of $575 million for Q1 FY017, up 5% from Q1 of the prior fiscal year.  The company reported that its net income for Q1 was $163 million, or $0.61 per diluted share.

On July 28th, 2016, research firm MKM Partners reiterated its 'Neutral' rating on the Company's stock with an increase of the target price to $52 a share from $45 a share. Get free access to your research report on XLNX at:

http://stock-callers.com/registration/?symbol=XLNX

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