The major indexes took a beating on the stock market today, with top-rated chipmakers among the biggest losers. The Philadelphia Semiconductor Index dropped hard, falling 4.6% to close below the 50-day moving average. Several notable chipmakers took substantial hits, including Ambarella (AMBA), best known for being a GoPro (GPRO) chip supplier. Three Apple (AAPL) iPhone chip suppliers — Avago Technologies (AVGO), Skyworks Solutions (SWKS) and NXP
Today’s Screen of the Day is Bolting RS Lines, which takes a look at top stocks that are outperforming the S&P 500. Two Apple (AAPL) chip suppliers lead the group: Skyworks Solutions (SWKS) and NXP Semiconductors (NXPI). It was revealed late Monday that Skyworks would become a member of the benchmark S&P 500 index, one session after Apple was tapped to join the Dow Jones Industrial Average. Watch this video for detailed chart analysis of both
Top-performing chip companies Skyworks Solutions (SWKS) and Cavium both got price target hikes from Canaccord Genuity on Monday, following the investment bank’s meetings with the companies during last week’s Mobile World Congress technology conference in Barcelona. Woburn, Mass-based Skyworks is a leading a supplier of power amplifiers and other radio-frequency (RF) components for mobile devices and related communications infrastructure, and its