Earlier this month, the Semiconductor Industry Association (SIA) reported that global sales of semiconductors totaled $25.87 billion in August, an increase of 6.4 percent when compared to a year ago (1.3 percent from the previous month). The year over-year growth was the largest since March 2011. Sales were driven by a 23.3 percent y-o-y increase in the Americas region, followed by a 7.6 percent increase in Asia-Pacific and 5.0 percent increase in Europe. "Global semiconductor sales have now increased for six consecutive months, and the industry is well ahead of last year’s pace, thanks largely to sustained growth in the Americas," said Brian Toohey, president and CEO, Semiconductor Industry Association. "Strong demand for memory products has driven sales in recent months, but sales were also up in August among non-memory products, demonstrating the breadth of the semiconductor market’s strength."
Analog Devices, Inc. (NASDAQ: ADI) shares traded in the range of $48.44 to $49.43 Wednesday before settling to close at $48.78, a decrease of 0.79 percent. The stock appears to be facing some resistance at the $48.78 and $49.58 levels with some support at $48.10. Shares of Analog Devices have gained approximately 15.0 percent in 2013.
More information on Analog Devices and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ADI
Marvell Technology Group Ltd. (NASDAQ: MRVL) shares traded in the range of $11.99 to $12.18 Wednesday before settling to close at $12.06, an increase of 0.50 percent. The stock appears to be facing some resistance at the $12.17 and $12.61 levels with some support at $11.93. Shares of Marvell Technology Group have gained approximately 66.0 percent in 2013.
More information on Marvell Technology Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MRVL
OmniVision Technologies, Inc. (NASDAQ: OVTI) shares traded in the range of $13.93 to $14.63 Wednesday before settling to close at $14.01, a decrease of 3.25 percent. The stock appears to be facing some resistance at the $14.22 and $14.96 with some support at $13.75 and $13.41 levels.
More information on OmniVision Technologies and access to the free equity report can be found at:
www.WallStreetFundamentals.com/OVTI
Qualcomm, Inc. (NASDAQ: QCOM) shares traded in the range of $68.83 to $69.35 Wednesday before settling to close at $69.04, an increase of 0.16 percent. The stock appears to be facing some resistance at $70.05 with some support at the $68.28 and $67.29 levels. Shares of Qualcomm have gained approximately 12.0 percent in 2013.
More information on Qualcomm and access to the free equity report can be found at:
www.WallStreetFundamentals.com/QCOM
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