Chipmakers had another big week. Highly rated Apple (AAPL) chip suppliers NXP Semiconductors (NXPI) and Avago Technologies (AVGO) were the newest breakouts in the group. Other breakouts in recent weeks have come from Apple suppliers Skyworks Solutions (SWKS) and Qorvo (QRVO), as well as Integrated Device Technology (IDTI). This is a hot group right now, so will there be more breakouts soon? Here are five highly rated chip stocks building bases:
Several of the highest-rated chipmakers provide some technology going into connected cars, and their stocks have been setting up bases. Three are Skyworks Solutions (SWKS), Analog Devices (ADI) and NXP Semiconductors. Let’s take a look at their charts and some of the latest related news. NXP Semiconductors (NXPI) joined the IBD Leaderboard on Friday. The fabless chip company cleared a 105.04 buy point in heavy volume, so shares are in buy range.
Two Apple (AAPL) chipmakers — Avago Technologies and Skyworks Solutions (SWKS) — are among tech companies whose technology was allegedly stolen by Chinese citizens, according to accusations by the U.S. Justice Department cited Tuesday in several news reports. A federal grand jury has indicted six Chinese citizens, including three professors, for what federal prosecutors say was a conspiracy to steal wireless technology from the companies. Several