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Semiconductors Equities Coverage -- Research on International Rectifier, Montage Technology, Semtech, and Cree

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LONDON, April 25, 2014 /PRNewswire/ --

On Thursday, April 24, 2014, the NASDAQ Composite ended at 4,148.34, up 0.52%, the Dow Jones Industrial Average finished the day flat at 16,501.65, and the S&P 500 closed at 1,878.61, up 0.17%. The gains were narrow based as four out of the ten sectors ended the session in positive. The S&P 500 Information technology Sector Index ended the day at 594.08, up 1.06%, with the index also advancing 3.21% in the previous three months. Investor-Edge has initiated coverage on the following equities: International Rectifier Corp. (NYSE: IRF), Montage Technology Group Ltd (NASDAQ: MONT), Semtech Corp. (NASDAQ: SMTC) and Cree Inc. (NASDAQ: CREE). Free technical research on IRF, MONT, SMTC and CREE can be downloaded upon signing up at:


On Thursday, shares in International Rectifier Corp. recorded a trading volume of 0.39 million shares, lower than its three months average volume of 0.49 million shares. The stock finished the day at $27.04, which was 0.86% above its previous day's closing of $26.81, and registered an intraday range of $26.51 and $27.27. Shares of the company traded at a PE ratio of 443.66. International Rectifier Corp.'s shares have advanced 2.89% in the previous three trading sessions, 0.82% in the last three months, and 3.72% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $26.69 and $25.23, respectively. Furthermore, shares of the company have an RSI of 52.10 . Sign up today to read free research on IRF at:


Montage Technology Group Ltd's stock traded between $20.16 and $20.62 before ending the session 0.74% higher at $20.52, on Thursday. Montage Technology Group Ltd's stock reported a trading volume of 0.15 million shares, much below its three months average volume of 0.58 million shares. The company's shares have gained 2.14% in the previous three trading sessions, 1.79% in the last one month. Furthermore, the stock has advanced 25.81% on YTD basis. The company's shares are trading above their 50-day moving average of $18.83. Montage Technology Group Ltd's stock has an RSI of 58.21. Sign up today to read free research on MONT at:


Semtech Corp.'s stock edged 0.24% lower to close the day at $25.33. The stock recorded a trading volume of 0.43 million shares, which is below its three months average volume of 0.66 million shares. The stock oscillated between $24.92 and $25.55 during the session. Over the previous three trading sessions and the last three months, the company's shares have surged 2.55% and 9.09%, respectively. Additionally, from the beginning of 2014, the company's stock has gained 0.20%. The stock is trading above its 50-day moving average. Semtech Corp.'s 200-day moving average of 28.11 is above its 50-day moving average of $25.11. Additionally, the stock traded at PE ratio of 158.04 and has an RSI of 53.24. Sign up today to read free research on SMTC at:


Cree Inc.'s stock finished the Thursday's session 1.98% lower at $50.03. A total of 5.47 million shares were traded, which was below its three months average volume of 2.11 million shares. The stock moved between $49.81 and $51.62 during the session. Over the last one month and previous three months, Cree Inc.'s shares have plummeted 16.20% and 18.81%, respectively. Shares of the company traded at a PE ratio of 47.84. Further, the stock has declined 19.98% since the start of this year. The stock is trading below its 50-day and 200-day moving averages of $58.82 and $61.54, respectively. Moreover, shares of the company have an RSI of 32.62. Sign up today to read free research on CREE at:



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