Tag Archives: nxpi

Apple Supplier Skyworks To Buy PMC-Sierra For $2 Billion

Skyworks Solutions (SWKS) will buy data center chipmaker PMC-Sierra (PMCS) for $2 billion, following fellow Apple (AAPL) iPhone suppliers Avago Technologies (AVGO) and NXP Semiconductors (NXPI) in making acquisitions. Skyworks also gave strong early Q4 earnings. Skyworks announced late Monday that it will pay $10.50 a share in cash for PMC-Sierra, a 37% premium to Monday’s close at 7.69. Skyworks expects the deal to boost annual EPS by 75 cents.

4 Apple Chip Suppliers Stand Out In Volatile Day

Amid a volatile trading session, four Apple (AAPL) chip suppliers are standing out: Skyworks Solutions (SWKS), NXP Semiconductors (NXPI), Qorvo (QRVO) and Avago Technologies (AVGO). Skyworks Solutions was rising in big volume in early afternoon Monday, reversing off a seven-month low. Shares had been finding support at the 200-day line but broke below that level as the market began to sell off last week. Shares are currently trading 26% below

Apple Still Sour, But Its Chip Supplier NXP Sweetens

(AAPL) chip supplier (NXPI) is on track for a fourth straight day of gains, while Apple is looking at a three-session losing streak. NXP reported estimate-beating quarterly earnings late Wednesday. Its Q3 guidance also topped views. Shares rose higher early but eased to a 0.3% gain to 98.11 by early afternoon in above-average volume in the stock market today, Friday. Intraday, the stock crossed its 50-day moving average, an area it hasn’t been