StockCall.com Provides Stock Research on Taiwan Semiconductor Manufacturing Co. Ltd., Broadcom Corp., Marvell Technology Group Ltd., PMC-Sierra Inc., and Applied Micro Circuits Corp.
New York City, New York -- (May 09, 2013)
After a challenging 2012, the semiconductor industry will be looking for an improved performance in 2013. According to IHS iSuppli, an industry watchdog, communications market will be one of the main growth drivers for the semiconductor industry in 2013, with both wire-line and wireless expected to make a positive contribution. In terms of regions, emerging markets will be the key growth drivers for the industry. Semiconductor stocks ended mostly higher on Wednesday as the broad market finished at record high levels. Among the major movers in the sector were Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM), Broadcom Corporation (NASDAQ: BRCM), Marvell Technology Group Ltd. (NASDAQ: MRVL), PMC-Sierra Inc. (NASDAQ: PMCS), and Applied Micro Circuits Corporation (NASDAQ: AMCC). StockCall analysts initiated preliminary technical research on TSM, BRCM, MRVL, PMCS, and AMCC. These free reports are accessible by signing today at
Shares of Taiwan Semiconductor Manufacturing Co. Ltd’s shares rallied in trading on Wednesday, touching a 52-week high of $20.28. The stock closed 3.80% higher at $20.21 on above average volume of 14.01 million. The company’s shares have gained more than 4.10% this week. The stock has seen a series of highs over the last one month which is a bullish signal. In the last one month, shares of TSM have gained more than 19.20%. The free technical analysis on TSM is available by signing up at
Broadcom Corporation’s shares edged higher yesterday, yet the gains were limited. The stock closed 0.33% higher at $36.41 on volume of 5.56 million after trading between $36.06 and $36.53. Broadcom’s shares are currently trading close to their 52-week high of $37. The stock is currently trading well above its 50-day and 200-day moving averages which is a bullish signal. The upbeat trend is further confirmed by its MACD chart. Year-to-date, the company’s shares have jumped 10% as compared to a gain of nearly 14.50% for the S&P 500. Register now to download the free research on BRCM at
Another major gainer in the semiconductor sector on Wednesday was Marvell Technology Group Ltd. The stock closed 2.17% higher at $10.83 on volume of 4.47 million. Marvell Technology’s shares have been facing stiff resistance at around $11. The stock is currently trading above its 50-day and 200-day moving averages. Shares of MRVL have had an excellent run in 2013, gaining 50%. Free report on MRVL can be accessed by registering at
Shares of PMC-Sierra Inc. edged higher in trading yesterday, extending their gains for the week. The stock closed 0.77% higher at $5.87 on volume of 727,000, taking its gains for the week to nearly 2%. PMC-Sierra’s shares have now gained nearly 12.70% so far this year, underperforming the S&P 500. Despite the gains this week, the stock is still trading well below its 50-day moving average. Its MACD chart, however, suggests that market sentiment has turned bullish recently.Register withStockCall and download the research on PMCS for free at
Shares of Applied Micro Circuits Corporation edged higher in trading on Wednesday, tracking gains in the broad market. The stock ended the day 1% higher at $8.09 on above average volume of 546,800. The stock has gained nearly 1.90% for the week. Applied Micro Circuits’ shares have seen a series of highs over the last two weeks which is a bullish signal. The positive trend is further confirmed by the stock’s MACD chart. Read the full free research on AMCC by signing up to StockCall at
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William T. Knight
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