A ton of quarterly earnings will be issued next week, with a lot of the spotlight on Apple (AAPL). Let’s focus in on five chipmakers, including some Apple suppliers, that are on tap to report: Macom Technology (MTSI), Cavium (CAVM), Cirrus Logic (CRUS), Skyworks Solutions (SWKS) and Microsemi (MSCC) . Macom Technology has an IBD Composite Rating of 98 out of 99 and reports on Tuesday. Analysts expect earnings to rise 3% with revenue down 1%.
Apple (AAPL) chip supplier Macom Technology (MTSI) is staging a breakout in the stock market today. But as the market sells off, can the chipmaker’s gain hold up? Macom Tech earns an IBD Composite Rating of 96 out of 99. On Monday, the company announced that it had acquired a diode business for $38 million. Macom says the acquisition will provide it with scale advantages and will boost earnings. Needham on Friday raised its earnings estimates for
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