July 03, 2013 at 11:30 AM EDT
Wall Street Fundamentals Releases New In-Depth Stock Reports on AVGO, MU, SWKS and TQNT
The Semiconductor Industry Association recently announced global semiconductor sales totaled $24.70 billion in May, a sequential increase of 4.6 percent. The spike was the largest seen since March 2010. Global sales were driven by increases from the Asia Pacific and the Americas regions, which posted increases of 5.9 percent and 5.6 percent, respectively. "May was an unambiguously strong month for the global semiconductor industry, with growth across all regions and particularly encouraging increases in the Americas and Asia Pacific," said Brian Toohey, president and CEO, Semiconductor Industry Association. "Sales have remained ahead of last year's pace throughout 2013, indicating the increasing resiliency of the market."
Avago Technologies Ltd. (NASDAQ: AVGO) shares traded in the range of $37.82 to $38.98 Tuesday before settling to close at $38.48 a share, an increase of 2.31 percent. The stock appears to be facing some resistance at $38.75 with support at the $37.88 and $37.33 levels. Shares of Avago Technologies have gained approximately 21.5 percent in 2013.
More information on Avago Technologies and access to the free equity report can be found at: www.WallStreetFundamentals.com/AVGO
Micron Technology, Inc. (NASDAQ: MU) shares traded in the range of $13.85 to $14.33 Tuesday before settling to close at $14.31, an increase of 0.28 percent. The stock appears to be facing some resistance at $14.79 with some support at the $14.26 and $13.83 levels. Shares of Micron Technology have gained approximately 125 percent in 2013.
More information on Micron Technology and access to the free equity report can be found at: www.WallStreetFundamentals.com/MU
Skyworks Solutions Inc. (NASDAQ: SWKS) shares traded in the range of $21.46 to $22.15 Tuesday before settling to close at $21.58, a decrease of 1.55 percent. The stock appears to be facing resistance at the $21.94 and $22.40 levels with some support at $21.16. Shares of Skyworks Solutions are up approximately 6.3 percent in 2013.
More information on Skyworks Solutions and access to the free equity report can be found at: www.WallStreetFundamentals.com/SWKS
TriQuint Semiconductor (NASDAQ: TQNT) shares traded in the range of $6.90 to $7.05 Tuesday before settling to close at $6.97, an increase of 0.29 percent. The stock appears to be facing some resistance at the $7.21 and $7.45 levels with support at $6.96. Shares of TriQuint Semiconductor have gained approximately 44.0 percent in 2013.
More information on TriQuint Semiconductor and access to the free equity report can be found at: www.WallStreetFundamentals.com/TQNT
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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