Chip Stocks are Dragging Down Technology Shares Despite the Rally: TXN, LLTC, KLAC, QSII, CY

Through most of the trading day on Thursday, October 6, 2011, these stocks are bringing down the Technology (NYSE:XLK) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Texas Instruments Inc. (NYSE:TXN) is one of the sector losers in price. Its shares are trading at $27.88, down 31 cents (-1.1%) from the previous close of $28.20. Texas Instruments designs and makes semiconductors that it sells to electronics designers and manufacturers all over the world.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $5.05 (-15.6%) from $32.30 to $27.25. The stock price saw one of its best stretches over the last year between September 8, 2011 and September 16, 2011 when shares rose for seven straight trading days, rising 7.8% (+$2.02). It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six straight trading days, falling 8.2% (-$2.73).

Linear Technology Corporation (NASDAQ:LLTC) is among the price losers in the sector as its stock price is $29.21, down one cent (-0.1%) from the previous close of $29.25. Linear Technology offers a line of standard high performance linear integrated circuits.

Stock Price Performance: From August 9, 2011, to October 5, 2011, the stock price had risen $2.61 (9.8%) from $26.64 to $29.25. The stock price saw one of its best stretches over the last year between May 24, 2011 and May 31, 2011 when shares rose for five straight trading days, rising 3.8% (+$1.26). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 16.4% (-$5.07).

KLA-Tencor Corporation (NASDAQ:KLAC) is among the price losers in the sector. Its shares are trading at $39.97, which is 18 cents (-0.4%) below the previous close of $40.15. KLA-Tencor is a company that designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. Its primary offerings include wafer and integrated circuit defect monitoring.

Stock Price Performance: From August 8, 2011, to October 4, 2011, the stock price had risen $4.88 (14.4%) from $33.89 to $38.77. The stock price saw one of its best stretches over the last year between September 8, 2011 and September 16, 2011 when shares rose for seven straight trading days, rising 11.3% (+$3.98). It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six straight trading days, falling 9.7% (-$4.24).

Quality Systems, Inc. (NASDAQ:QSII) stocks are trading at $88.86. This is 3 cents (-0.2%) below the previous close of $89.05, making the company one of the biggest price losers in the sector today. Quality Systems develops and markets healthcare information systems that automate certain aspects of medical and dental practices, networks of practices, ambulatory care centers, community health centers and medical and dental schools.

Stock Price Performance: From August 8, 2011, to October 4, 2011, the stock price had risen $13.49 (18%) from $74.87 to $88.36. The stock price saw one of its best stretches over the last year between March 16, 2011 and April 5, 2011 when shares rose for 15 straight trading days, rising 11.7% (+$9.18). It saw one of its worst periods between July 8, 2011 and July 18, 2011 when shares fell for seven straight trading days, falling 6.5% (-$5.91).

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) are trading at $14.98, down 11 cents (-0.7%) from the previous close of $15.08. Cypress Semiconductor designs, develops, manufactures, and markets high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and system value.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $7.78 (-35%) from $22.24 to $14.46. The stock price saw one of its best stretches over the last year between January 3, 2011 and January 14, 2011 when shares rose for 10 straight trading days, rising 17.7% (+$3.17). It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight trading days, falling 8.5% (-$1.49).

 

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