Broadcom Ltd’s stock finished Monday’s session 0.28% lower at $242.67. A total volume of 5.49 million shares was traded, which was above their three months average volume of 2.55 million shares. Over the last month and the previous three months, the Company’s shares have advanced 5.01% and 7.16%, respectively. Additionally, the stock has gained 37.28% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 5.95% and 23.45%, respectively. Moreover, shares of Broadcom, which designs, develops, and supplies a range of complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide, have a Relative Strength Index (RSI) of 54.54.
On June 01st, 2017, Broadcom reported financial results for Q2 FY17 ended April 30th, 2017. Net revenue for the quarter was $4,190 million; gross margin was $1,976 million; operating expenses were $1,502 million; and operating income was $474 million. The Company’s cash balance at the end of Q2 FY17 was $4,254 million compared to $3,536 million at the end of the prior quarter. Your complete research report on AVGO can be retrieved for free at: http://dailystocktracker.com/registration/?symbol=AVGO
Integrated Device Technology
Shares in Integrated Device Technology Inc. declined 0.92%, ending yesterday’s session at $24.80 with a total trading volume of 1.58 million shares. The stock has gained 4.73% in the past month, 2.31% in the previous three months, and 5.26% on an YTD basis. The Company’s shares are trading 2.93% above their 50-day moving average and 5.60% above their 200-day moving average. Moreover, shares of Integrated Device Technology, which designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and Internet-of-things end-markets, have an RSI of 51.07.
On June 06th, 2017, Integrated Device Technology announced that it will showcase advanced sensing and wireless power products at the Automotive Engineering Exposition 2017 in Nagoya, Japan. The event will take place from June 28th, 2017 to June 30th, 2017 at the Nagoya International Exhibition Hall. Product experts will be available at booth #109 to demonstrate and discuss the advantages of the Company’s solutions in automotive applications. A free report on IDTI is just a click away at: http://dailystocktracker.com/registration/?symbol=IDTI
Maxim Integrated Products
On Monday, Maxim Integrated Products Inc.’s stock saw a slight drop of 0.76%, to close the day at $46.72. A total volume of 3.79 million shares was traded, which was above their three months average volume of 2.07 million shares. The Company’s shares have advanced 2.19% in the last one month, 2.05% in the previous three months, and 21.13% on an YTD basis. The stock is trading 1.79% and 10.41% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Maxim Integrated Products, which designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits internationally, have an RSI of 47.50.
On June 08th, 2017, the Company announced the offering and pricing of $500.0 million of its 3.450% Senior Notes due 2027. The Company intends to use the net proceeds from this offering for general corporate purposes. Merrill Lynch, Pierce, Fenner & Smith Inc. is sole active book-running manager for the offering, which is expected to close on June 15th, 2017. Sign up for your complimentary research report on MXIM at: http://dailystocktracker.com/registration/?symbol=MXIM
Shares in Qorvo Inc. ended the day 0.85% lower at $74.63. A total volume of 2.17 million shares was traded, which was above their three months average volume of 1.68 million shares. The stock has gained 11.35% in the last one month, 10.27% in the previous three months, and 41.53% since the start of this year. The Company’s shares are trading above their 50-day and 200-day moving averages by 3.71% and 20.57%, respectively. Furthermore, shares of Qorvo, which provides radio frequency solutions and technologies for mobile device, infrastructure, and defense and aerospace applications worldwide, have an RSI of 48.63.
On June 06th, 2017, Qorvo introduced the smallest Bulk Acoustic Wave filter available that can handle 5W of RF average input power, with peaks up to 40W. The new filter solves reliability, assembly, test, and space constraint challenges involved in designing massive MIMO telecom infrastructure for 5G migration. Register for free on DailyStockTracker.com and download the latest research report on QRVO at: http://dailystocktracker.com/registration/?symbol=QRVO
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