The morning has been bad for the market. The Nasdaq has slipped 0.4%; the S&P 500 has fallen 0.2%; and the Dow has declined 0.2%.
The Semiconductors sector (XLK) is currently ahead of the overall market, down only 0.4%, and its biggest movers are currently:
|Company||Market Cap||Percentage Change|
|OmniVision Technologies (Nasdaq:OVTI)||$806.3 million||-6.1%|
|Veeco Instruments (Nasdaq:VECO)||$1.07 billion||-3.1%|
|Avago (Nasdaq:AVGO)||$8.34 billion||-2.9%|
|Cree (Nasdaq:CREE)||$3.71 billion||+2.3%|
|Mellanox (Nasdaq:MLNX)||$3.61 billion||-2.1%|
|Spreadtrum Communications, Inc (Nasdaq:SPRD)||$840.3 million||+2%|
|NXP (Nasdaq:NXPI)||$6.04 billion||-1.9%|
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OmniVision Technologies (Nasdaq:OVTI) is down 6.1% to reach $14.92 per share. The company's volume is currently 2.7 million shares for the day, 2.5 times its average over the past three months.
After a decline of 3.1%, Veeco Instruments (Nasdaq:VECO) has hit a share price of $28.68. So far today, the company's volume is 96,723 shares.
At $34.07, Avago (Nasdaq:AVGO) has slipped 2.9%. The company's volume is currently 1.6 million shares for the day, 1.3 times the average daily volume.
Increasing 2.3%, Cree (Nasdaq:CREE) is trading at $32.26 per share. So far today, the company's volume is 665,686 shares. This is on pace to fall short of yesterday's volume of 3.8 million shares.
Mellanox (Nasdaq:MLNX) is currently trading at a share price of $73.28, a 2.1% decline. At 434,572 shares, the company's volume so far today is 0.7 times the average volume over the last three months.
After an increase of 2%, Spreadtrum Communications, Inc (Nasdaq:SPRD) has reached a current price of $18.35. The company's volume for the day so far is 265,559 shares.
Falling 1.9%, NXP (Nasdaq:NXPI) is currently at a share price of $24.50. The company's volume is currently 262,691 shares for the day, 0.2 times its current daily average.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.