Semiconductor Stocks In News: Taiwan Semiconductor (NYSE:TSM), Sunedison Inc (NYSE:SUNE), Broadcom Corporation (NASDAQ:BRCM), RF Micro Devices (NASDAQ:RFMD)



LG has confirmed that it’s joining the processor race with Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), which will manufacture chips for the South Korean phone maker. The chips will be designed by LG for LG phones and manufactured by Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) which last year struck a deal with Apple as well. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) stock performance was 2.83% in last session and finished the day at $20.72. Traded volume was 20.49million shares in the last session and the average volume of the stock remained 11.50million shares. The beta of the stock remained 1.17.

The solar energy company Sunedison Inc (NYSE:SUNE) plans to go ahead with the construction of a separate solar project in India even when it announced that it would drop one of its projects in the country. The project that the company plans to build is a 30 megawatts solar farm that is among the projects it won in February. Sunedison Inc (NYSE:SUNE) rose 0.23 percent to $17.66 Thursday on volume of 9.63million shares. The intra-day range of the stock was $17.22 to $18.09. Sunedison Inc (NYSE:SUNE) has a market capitalization of $4.72million.

Leading semiconductor company Broadcom Corporation ( BRCM ) announced the selection of its quad-core HSPA+ turnkey platform by mobile manufacturer Lava International Limited to power its newly released QPAD e704 tablet. Broadcom Corporation (NASDAQ:BRCM)’s stock on Apr 17, 2014 reported a increase of 0.77% to the closing price of $30.10. Its fifty two weeks range is $23.25-$37.85. The total market capitalization recorded $19.11billion. The overall volume in the last trading session was 5.82million shares. In its share capital, BRCM has 584.96million outstanding shares.

Equities researchers at BMO Capital Markets assumed coverage on shares of RF Micro Devices (NASDAQ:RFMD) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $8.00 price target on the stock. BMO Capital Markets’ price target indicates a potential upside of 1.65% from the stock’s previous close. On Friday, shares of RF Micro Devices, Inc. (NASDAQ:RFMD) droped -1.01% to close the day at $7.87. Company return on investment (ROI) is -6.30% and its monthly performance is recorded as 2.21%. RF Micro Devices, Inc. (NASDAQ:RFMD) quarterly revenue growth is 62.60%.

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