StockCall Early Morning Insight into Broadcom, Marvell Technology, Taiwan
Semiconductor Manufacturing, and PMC-Sierra
LONDON, March 8, 2013
LONDON, March 8, 2013 /PRNewswire/ --
The semiconductor industry grew in 2012 despite a challenging macroeconomic
environment. With the outlook for global economy improving, semiconductor
companies such as Broadcom Corporation (NASDAQ: BRCM), Marvell Technology
Group Ltd. (NASDAQ: MRVL), Taiwan Semiconductor Manufacturing Co. Ltd. (ADR)
(NYSE: TSM) and PMC Sierra Inc. (NASDAQ: PMCS) can expect a robust year ahead.
Meanwhile, the semiconductor industry is also adapting to the shift to mobile.
On Thursday, semiconductor stocks ended on a mixed note despite the Dow Jones
posting yet another record high finish. StockCall has issued technical
analysis and charting reports on BRCM, MRVL, TSM, and PMCS. Download these
free reports now at
Shares of Broadcom Corporation rose marginally in Thursday's trading session.
The stock closed 0.09% higher at $33.67 on volume of 6.87 million. It hit an
intra-day high of $33.95. Year-to-date, the stock has gained nearly 1.40%,
underperforming the broad market. The stock currently trades on a P/E multiple
of 27.15. It has a dividend yield of 1.31%. Broadcom's shares are currently
facing resistance at around $34. The stock is presently trading slightly below
its 50-day moving average. Recent volume activity suggests that market
sentiment has turned bullish on the stock. Download the free research on BRCM
today by registering at
Shares of Marvell Technology Group Ltd. fell in Thursday's trading session.
The stock closed 0.86% lower at $10.37 on volume of 5.28 million. The
semiconductor company's shares have had an excellent run so far this year.
Year-to-date, the stock has gained nearly 43%, easily outperforming the S&P
500. The stock is currently trading above its 50-day and 200-day moving
averages, which is a bullish signal. Marvell Technology shares are currently
facing resistance at around $10.50. The stock has support at around $10. Sign
up and have access to our free report on MRVL at
Shares of Taiwan Semiconductor Manufacturing Co. Ltd. slipped in Thursday's
trading session. The stock closed 0.39% lower at $18.05 on above average
volume of 12.12 million. The stock fell to an intra-day low of $17.98 in
yesterday's session. The company's shares have gained more than 5% so far this
year, compared to a gain of over 8.20% for the S&P 500. The stock currently
trades on a P/E multiple of 17.70 and has a dividend yield of 2.22%. Taiwan
Semiconductor's shares are trading above their 50-day and 200-day moving
averages, which is a bullish signal. However, the MACD chart suggests that the
bullish trend has come to an end. The stock is currently facing resistance at
around $18.50. It has support at around $17.50. Sign up and read the
complimentary report on TSM at
Shares of PMC-Sierra Inc. rose sharply in Thursday's trading session. The
stock closed 1.07% higher at $6.63 on volume of 1.43 million. In the last
three trading sessions, PMC-Sierra's shares have gained more than 3%.
Year-to-date, the stock has gained more than 27%, easily outperforming the
broad market. The company's shares had an excellent run in January 2013;
however, the stock has traded in a very tight range in the last one month,
struggling to break through $6.60 resistance level. The free report on PMCS
can be downloaded by signing up now at
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