Two highly rated chip stocks are nearing buy points in the stock market today: ARM Holdings (ARMH) and Microsemi (MSCC). Apple (AAPL) iPhone chip designer ARM Holdings has a 96 IBD Composite Rating, meaning its shares outperform 96% of all stocks in the market as measured by fundamental and technical factors. ARM gapped up 2.5% in quick turnover on Thursday, ending a two-day losing streak that put the stock back near its 50-day line. Shares are
The market is taking a breather right now, but here’s a look at three highly rated chip stocks making notable moves in the stock market today: Macom Technology (MTSI) and Apple (AAPL) suppliers Arm Holdings (ARMH) and Skyworks Solutions (SWKS). Arm Holdings gapped up in big volume, retaking its 50-day line. Shares are currently trading about 2% below a 54.92 buy point from a flat base. Fellow Apple supplier Skyworks Solutions hit a new all-time
Consolidation in the semiconductor industry is likely to continue this year, with Cavium (CAVM), Atmel (ATML) and Lattice Semiconductor (LSCC) as the top three likely targets, one analyst says. Other candidates include Arm Holdings (ARMH), Applied Micro Circuits (AMCC) and Marvell Technology (MRVL), FBR Capital Markets analyst Christopher Rolland said in a research note Thursday. “If we continue at the pace of consolidation set thus far this year,