Tag Archives: mscc

Chip Frenzy: Apple Supplier, Microsemi Trade Punches

Apple (AAPL) chip supplier Skyworks Solutions (SWKS) and Microsemi (MSCC) are trading punches Friday, both raising their offers to acquire PMC-Sierra (PMCS). Early Friday, Skyworks raised its bid from $10.50 a share to $11.60 a share, 10 cents higher than Microsemi’s unsolicited offer of $11.50 a share. The first Microsemi bid was submitted on Oct. 19, two weeks after Skyworks’ original proposal. Several hours after Skyworks announced its new bid,

Microsemi Outbids Apple Supplier Skyworks For PMC

An apparent bidding war flared Monday when Microsemi (MSCC) submitted a $2.4 billion offer for PMC-Sierra (PMCS), topping Apple (AAPL) chip supplier Skyworks Solutions ‘ (SWKS) $2 billion proposal. PMC-Sierra stock soared 14% to near 12 in midday trading Monday on the stock market today. Microsemi offered to pay $11.50 per PMC share, representing a 50% premium to PMC’s closing price on Oct. 5, the last trading day before Skyworks’ bid was

2 Highly Rated Chip Stocks Close In On Buy Points

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