Tag Archives: mxl

Tech Investors: 6 Highly Rated Chip Stocks Approach Buy Zones

With the market in a confirmed uptrend, it’s time to scan for stocks to potentially add to your portfolio. Let’s take a look at six highly rated chip stocks that are nearing buy points: Broadcom ( AVGO ), Macom Technology ( MTSI ), Maxlinear ( MXL ), Cirrus Logic ( CRUS ), Microsemi ( MSCC ) and Nvidia ( NVDA ). Two Form Double-Bottom Bases Broadcom earns a near-best IBD Composite Rating of 98 out of 99 and is due to report quarterly results after the close today. Analysts expect earnings to increase 10% and revenue to rise 6%. Broadcom has formed a double-bottom base within a larger consolidation pattern. Shares edged a few cents above the 138.79 buy point in intraday trade on Thursday, but they reversed lower with a 0.9% drop. Broadcom is 10% below its high reached last June. Macom Technology is also working on a double-bottom base, which has a 41.42 buy point. After retaking its 50-day line a few sessions ago, it’s now just 2% below the buy zone. Shares rallied 1.7% Thursday. Macom has a Composite Rating of 98 as well. The rating is based on fundamental and technical factors, including earnings and sales growth, profit margins, return on equity and relative share-price performance. Working On Right Side Of Pattern Maxlinear has a highest-possible 99 Composite Rating. It’s trading about 5% below a cup-base buy point of 17.85, but it slipped 1.7% Thursday. The stock was able to find support at its 200-day line as it formed the base. Apple ( AAPL ) chip supplier Cirrus Logic is trading 6% below a buy point from a nine-month-long consolidation pattern. Shares reversed lower Thursday in light volume, falling 1.7%. Cirrus has a 95 Composite Rating, as does Microsemi. Microsemi is trading 9% below a 39.66 buy point. It was able to retake its 200-day line last week in above-average volume. And Nvidia, a Tesla ( TSLA ) partner, is trading 4% below a buy point at 34.04. The stock gapped up to retake its 50-day line last month on the back of a strong quarterly report. Nvidia has a 99 Composite Rating.

Nvidia Retakes Critical Level As Stock Spikes On Earnings

Loading the player… Shares of Tesla Motors ( TSLA ) partner Nvidia ( NVDA ) are surging in the stock market today after the chipmaker reported estimate-beating quarterly results late Wednesday. Sales jumped 12%, and earnings came in flat. Nvidia’s guidance was also well above forecasts. Aside from making graphics chips for Tesla, Nvidia also makes graphics processing units used in the gaming industry. The company is expected to benefit from the launch of the Facebook ( FB )-owned Oculus Rift virtual reality headset, as well as the influx of VR content. The stock popped 8.6% to 30.04 in big volume, retaking its 50-day moving average just a few sessions after finding support at the critical 200-day line. Shares are now about 11% below their all-time high reached at the end of last year and are facing a potential buy point of 34.04. Meanwhile, chipmaker peer Maxlinear ( MXL ) was also able to retake its 50-day line intraday but fell back below that level, closing 1% lower. Volume was below average. Shares are trading about 16% below a buy point at 17.85. And Apple ( AAPL ) supplier Broadcom ( AVGO ), struggling to hold above its 200-day line, fell 2.8% Thursday. The stock has been consolidating since last June. Apple fell 1.9% Thursday, while Facebook dropped 1.6%.