Apple-Fever Spreads To Its Component Makers (AAPL, AMD, BRCM, MRVL, MU, LSI, QCOM, SNDK, SWKS, TQNT)
April 25, 2012 by Jon C. Ogg
By now everyone in the world knows that Apple blew the door off the hinges on its latest quarterly earnings report. The consumer electronics giant overcame iPad shortages with very strong iPhone sales led by overseas markets. The Apple-fever this morning is spreading to Apple’s component suppliers and we are taking a look at some of the key suppliers for Apple.
Apple shares are up over $56.00 at $616.74 on last look and we have already seen more than 1 million shares trade in the pre-market with well over an hour until the open. Here are some of the moves in the Apple component players:
Advanced Micro Devices Inc. (NYSE: AMD) is up over 1% at $7.40 on thin volume. Broadcom Corp. (NASDAQ: BRCM) is up 4.6% at $34.42.
LSI Corporation (NYSE: LSI) is indicated up around $8.10 to $8.20 (+1% to +2%) after an $8.03 close.
Marvell Technology Group Ltd. (NASDAQ: MRVL) is down 2.2% at $15.31.
Micron Technology, Inc. (NASDAQ: MU) is up 1.5% at $6.61.
NXP Semiconductors NV (NASDAQ: NXPI) is indicated up about 1% after getting a CNBC tout as a growing Apple supplier for the next generation chips.
Qualcomm Inc. (NASDAQ: QCOM) is up 2.5% at $63.41.
SanDisk Corporation (NASDAQ: SNDK) has warned twice in recent weeks but it is getting some love as well with a gain of 1.7% at $37.10.
Skyworks Solutions Inc. (NASDAQ: SWKS) is up 7% at $25.60.
TriQuint Semiconductor Inc. (NASDAQ: TQNT) is up 10% at $5.67.
When one stock goes up, everyone looks at the other plays out there that benefit too. When Apple is so big, it leaves a lot of room for growth.
JON C. OGG
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