Marvell Technology Group had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a $17.00 price target on the stock, up previously from $16.00. They wrote, “Marvell reported FYQ4’14 sales of $932m, above street estimates for $901m and non-GAAP diluted EPS of $0.29, significantly above consensus of $0.25. Marvell Technology Group Ltd. (NASDAQ:MRVL) stock opened at $15.26 in last session, and closed at $15.32, while the day range of MRVL stock is $15.13-$15.45.The stock showed a negative weekly performance of -5.02%.
Broadcom Corp. (NASDAQ:BRCM)‘s stock had its “outperform” rating reaffirmed by Zacks in a report released on Wednesday, Stock Ratings Network reports. They currently have a $35.00 price target on the stock. Zacks price target indicates a potential upside of 19.86% from the company’s current price Broadcom Corporation (NASDAQ:BRCM) stock opened at $29.93, in last session and closed at $30.14, by gained 0.40%.The 52 week range was $23.25-$37.85.Company’s market capitalization is $17.51 billion.
Skyworks Solutions Inc (NASDAQ:SWKS) should adopt a portfolio diversification in the analog space via acquisition that may well serve the next leg of opportunity. Skyworks Solutions Inc (NASDAQ:SWKS) stock loosed -0.20% and finished the last session at $34.95.The EPS of the stock remained 1.60. Company’s market capitalization is $6.60 billion.
Taiwan Semiconductor Manufacturing (NYSE:TSM) pushed the Electronics industry higher yesterday making it featured electronics winner. The industry as a whole closed the day up 0.6%. By the end of trading, Taiwan Semiconductor Manufacturing rose $0.18 (1.0%) to $18.01 on average volume. Throughout the day, 8,635,869 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10,016,300 shares. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) stock opened the session at $17.81, and closed the session at $18.01. The 52 week range of the TSM stock remained $15.70-$20.30 and the day range was $17.79-$18.01.