AAA: Xilinx, Analog Devices, Amkor and TriQuint move the most in shares
2012 was a challenging year for the U.S. as well as the global semiconductor industry as an uncertain economic environment led businesses to scale back on their spending for semiconductor products.
The World Semiconductor Trade Statistics (WSTS), in a recent report, said that the global semiconductor market is expected to recover gradually in 2013 with anticipated stable growth across product categories related to smartphones, tablets and automotive.
According to WSTS, global semiconductor market this year will be $298 billion, up 2.1 percent from 2012.
On Monday, June 17th, 2013, shares in semiconductor companies ended mostly higher, tracking gains in the broader market. The major movers in the sector included Xilinx Inc., Analog Devices Inc., TriQuint Semiconductor Inc. and Amkor Technology Inc..
Shares in Xilinx Inc. rose sharply on Monday, extending their gains from previous trading sessions. The firm's shares hit an intraday high of $39.67 before finishing the day 1.57 percent higher at $39.49. A total of 3.05 million shares were traded which is below the daily average volume of 3.51 million. Xilinx's shares have gained 4.50 percent in the last three sessions.
So far this year, the stock has grown nearly 11.84 percent, but it still is underperforming the S&P 500. Xilinx's shares are currently trading 5.01 percent below their 52-week high.
Analog Devices Inc.'s stock was one of the best performers in the technology sector on Monday. The company's shares traded between $45.04 and $46.03 before finishing the day at $45.95, or 2.22 percent higher. A total of 2.56 million shares were traded which is above the daily average volume of 2.06 million.
The company's shares have now grown over 4 percent in the last three sessions. So far this year, the stock has grown nearly 11 percent, but it is still underperforming the S&P 500. Analog Devices' shares recently crossed above its 50-day moving average of $45.06.
Shares in TriQuint Semiconductor Inc. moved higher on Monday, tracking gains in the broader market. The firm's shares ended the day 1.32 percent higher at $6.90 after hitting an intraday high of $6.91. A total of 1.51 million shares were traded which is well below the daily average volume of 2.73 million.
The company's shares have grown nearly 2.4 percent in the last three sessions. So far this year, the stock has gained nearly 46 percent, thus outperforming the S&P 500. However, despite the significant gains, TriQuint's shares are still trading 5.65 percent below their 52-week high.
Amkor Technology Inc.'s stock moved lower on Monday even as the broader market rallied. The company's shares traded between $4.29 and $4.48 before finishing the day 1.14 percent lower at $4.33. A total of 631,261 shares were traded which is below the daily average volume of 780,494.
Shares of the company have grown over 5.60 percent so far in 2013, but it is still underperforming the S&P 500. The stock is currently trading 28.64 percent below its 52-week high. Shares of Amkor are currently trading above their 50-day moving average.
