Wall Street Fundamentals Releases New In-Depth Stock Reports on ADI, FSL, ONNN and STM


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Companies Mentioned

NASDAQ:ADI / NYSE:FSL / NASDAQ:ONNN / NYSE:STM
03/28/2014 [ACCESSWIRE]

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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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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