Tag Archives: simo

How High Will Tesla/Apple Supplier Nvidia Go? Up 34% In 2 Months

Loading the player… Nvidia ( NVDA ) — chip supplier for  Apple ( AAPL ) and Tesla Motors ( TSLA ) — has been on a huge run lately, gaining more than 30% in the past two months. But how much higher can the top-rated stock go? While Nvidia is probably best known for being a Tesla partner, it has also supplied graphics chips for Apple computers and is involved in the budding virtual reality market. Jefferies is bullish on the stock and said last week that Nvidia is just starting to benefit from trends in the auto, data center, PC gaming and VR markets. The analyst believes the company can more than triple its annual EPS in three years. Nvidia broke out of a cup-with-handle base about eight weeks ago and pulled back to find support at the 50-day line. It then surged to a new all-time high and profit-taking zone after its view-topping quarterly report last week and has continued higher since. It’s now up about 34% from the buy point and rose 1.8% Friday. Top-Rated Peers Performing Well Nvidia has a highest-possible IBD Composite Rating of 99. Two of its highly rated chip peers have also been performing particularly well as of late: Silicon Motion ( SIMO ) and MaxLinear ( MXL ). Silicon Motion broke out of a big cup-with-handle base in March and is now trading in profit-taking territory and at all-time highs. Its stock climbed 3.8% on the stock market Friday. MaxLinear broke out of a consolidation base last week and is trading in buy range. It rose 1.7% Friday.

Sony PlayStation 4 Chipmaker Monolithic Power Systems Tops Q1 Views

Sony ( SNE ) PlayStation 4 chip supplier Monolithic Power Systems ( MPWR ) topped Wall Street’s Q1 expectations after the close Monday and issued current-quarter sales guidance that beat the consensus at the midpoint. Monolithic Power stock rose 1.75% in Monday’s regular session to 63.51, and was flat in after-hours trading. Shares are even for the year, but have recovered from an 8% dip through mid-February. Monolithic stock broke out of a cup-with-handle based last month at 65.36, so it’s down nearly 3% from the buy point. For Q1, Monolithic Power reported $84.5 million in sales and 45 cents earnings per share minus items, up 15% and 22%, respectively, vs. the year-earlier quarter. IBD Take: Monolithic Power gets great ratings of late, as you can see from IBD Stock Checkup. Both measures topped the consensus of eight analysts polled by Thomson Reuters for $83 million and 44 cents per share, and the midpoint of Monolithic Power’s earlier sales view for $81 million to $85 million. Current-quarter sales guidance for $91 million to $95 million would be up 12%-17% and beat analysts’ model for $91.5 million at the midpoint. Monolithic Power stock has an IBD Composite Rating of 97, out of a best-possible 99, trailing Nvidia ( NVDA ), Silicon Motion Tech ( SIMO ) and Maxlinear ( MXL ). Its chips are used in Sony’s PlayStation 4, Microsoft ( MSFT ) Xbox One and Blu-ray/DVD players. It competes against tech majors like Intel ( INTC ), Texas Instruments ( TXN ) and Qualcomm ( QCOM ), all Apple ( AAPL ) suppliers.

3 Top Chipmakers Breach Key Levels, But One Is In Profit-Taking Zone

Loading the player… Chipmaker Mellanox Technologies ( MLNX ) is plunging in giant volume in the stock market today on the heels of disappointing guidance issued late Wednesday. Mellanox beat Q1 earnings and revenue expectations, but its Q2 revenue outlook widely missed expectations. Shares gapped below their 50-day moving average and neared the 200-day line in intraday trade, tumbling more than 12%. Let’s take a look at how some highly rated chip peers are doing: Cirrus Logic ( CRUS ), Inphi ( IPHI ), MaxLinear ( MXL ) and Silicon Motion Technology ( SIMO ). Apple ( AAPL ) supplier Cirrus Logic is falling 3.1% in quick turnover, dropping below its 50-day moving average. Shares are now trading 10% below their May high and a potential buy point from a long consolidation pattern. The drop comes ahead of Apple’s earnings report next Tuesday, where we’ll get a sense of the consumer tech giant’s iPhone production — which has an impact on its suppliers. Meanwhile, Apple shares fell 1.2% intraday. Inphi is dropping back below buy range from a cup base it initially broke out of about a month ago, losing 5.2%. Shares are still extended from a double-bottom entry but are now 10% below their April 1 high. MaxLinear is continuing its rebound today, rising 1.1%, after breaching its 50-day line in Tuesday’s session. On Wednesday, the company tightened its Q1 revenue guidance and raised its gross margin target. And Silicon Motion Tech hit another all-time high in above-average volume in intraday trade, paring its gains to a 0.6% rise by the afternoon. The stock is now in profit-taking zone, with a gain of more than 20% since breaking out of a long cup-with-handle base last month.