The Semiconductor Industry Association (SIA) recently reported that global sales of semiconductors totaled $26.28 billion in January, which was the highest sales total ever for January and an increase of 8.8 percent year-over-year. Sales in the Americas region experienced 17.3 percent year-over-year growth in January. "The global semiconductor industry has built on its record revenues from 2013 with an impressive start to 2014, led largely by continued strength in the Americas market," said Brian Toohey, president and CEO, Semiconductor Industry Association. "Sales in January were up across most regions and nearly all product categories compared to last January, which bodes well for continued growth during the rest of 2014." Here is how some semiconductor stocks reacted Thursday:
Analog Devices, Inc. (NASDAQ: ADI) shares traded in the range of $52.38 to $53.16 Thursday before settling to close at $52.58, a decrease of 0.32 percent. The stock appears to be facing some resistance at $53.38 with some support at the $51.87 and $50.83 levels. Shares of Analog Devices are up approximately 3.0 percent year-to-date.
More information on Analog Devices and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ADI
Freescale Semiconductor Ltd. (NYSE: FSL) shares traded in the range of $23.25 to $23.95 Thursday before settling to close at $23.45, a decrease of 0.85 percent. The stock appears to be facing some resistance at $26.82 with some support at the $23.27 and $22.06 levels. Shares of Freescale Semiconductor are up approximately 46.0 percent year-to-date.
More information on Freescale Semiconductor and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FSL
ON Semiconductor Corp. (NASDAQ: ONNN) shares traded in the range of $9.05 to $9.31 Thursday before settling to close at $9.11, a decrease of 0.44 percent. The stock appears to be facing some resistance at the $9.34 and $9.70 levels with some support at $8.97 and $8.65. Shares of ON Semiconductor are up approximately 10.0 percent year-to-date.
More information on ON Semiconductor and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ONNN
STMicroelectronics NV (NYSE: STM) shares traded in the range of $9.20 to $9.35 Thursday before settling to close at $9.27, an increase of 0.22 percent. The stock appears to be facing some resistance at the $9.27 and $9.37 levels with some support at $9.16 and $9.05. Shares of STMicroelectronics are up approximately 15.0 percent year-to-date.
More information on STMicroelectronics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/STM
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