Apple (AAPL) supplier NXP Semiconductors (NXPI) muscled by completing its $12 billion acquisition of smaller peer Freescale Semiconductor, making it No. 5 by market value in IBD’s 46-company Electronics-Semiconductor Fabless industry group. With a $20.4 billion market cap, NXP trails only Qualcomm (QCOM), Avago Technologies (AVGO), Broadcom (BRCM) — all fellow Apple suppliers — and ARM Holdings (ARMH) . In late-afternoon trading on the stock
With the market uptrend under pressure, it’s a good time to build a watch list. Here’s a look at four top-rated stocks that are nearing buy points: Avago Technologies (AVGO), Macom Technology (MTSI), Epam Systems (EPAM) and TransDigm Group (TDG). Apple (AAPL) chip supplier Avago Technologies popped more than 9% Thursday after issuing its quarterly report late Wednesday. The results spurred a flurry of price-target hikes from analysts. Avago has an
Apple (AAPL) chip supplier Avago Technologies (AVGO) is already eyeing the iPhone 7 anticipated to arrive in September or a bit earlier, but Wall Street sees a new “battle of titans” as the chipmaker scraps against Intel (INTC) for data center market share. Avago stock rocketed to a six-month high and was up 10% in afternoon trading on the stock market today, near 145, after the chipmaker reported late Wednesday posted fiscal Q4 earnings that