Four Apple (AAPL) chip suppliers tried to fight back from early losses Monday amid a broad sell-off: Skyworks Solutions (SWKS), Qorvo (QRVO), Cavium (CAVM) and Taiwan Semiconductor (TSM). The chip stocks all have IBD Composite Ratings of 98 and 99. Skyworks fell below its 50-day line in quick turnover on the stock market today, but the stock pared some of those losses. Shares have been able to find support around the 50-day over the past several
Chipmakers have been some of the top performers in recent weeks, boosted by better-than-expected earnings reports, new product introductions and big acquisition announcements. Two chipmaker charts to keep an eye on right now are those of Cavium (CAVM) and Taiwan Semiconductor (TSM). FBR Capital Markets said Thursday that it thinks Cavium is at the top of the list of next potential M&A targets. The maker of system-on-a-chip microprocessors has a
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,