Technology Stocks Losers (NASDAQ: ONNN, WPRT, CRUS)

ON Semiconductor Corp (NASDAQ: ONNN): ON Semiconductor Corporation and Sanyo Electrical Co., Ltd today announced the signing of a definitive purchase agreement providing for the acquisition of Sanyo Semiconductor Co., Ltd., a subsidiary of Sanyo Electric and other assets related to Sanyo’s Semiconductor business. ON Semiconductor is expected to complete the transaction by paying in cash and stock transaction with a purchase price of approximately $366 million.  

ON, shares are currently down 3.03% to $6.73. The company has 52 week price range of $6.17 - $9.12.  The company’s shares have a 50 day moving average of $7.08 and 200 day moving average of $7.80. ON, shares have support and resistance levels of $6.73 and $7.32. 

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Westport Innovations Inc (NASDAQ: WPRT): Westport which earlier this month received U.S EPA Certification for its heavy duty engine GX 2010 15L, announced that Volvo Powertrain a subsidiary of Volvo AB and Westport Innovations have signed an agreement defining Wesport’s responsibility to develop bio-gas and natural gas fuelled engine products for Volvo. 

Westport, shares are currently up 2.79% to $18.45. The company has 52 week price range of $7.05 - $20.44.  The company’s shares have a 50 day moving average of $16.92 and 200 day moving average of $14.46. Westport, shares have support and resistance levels of $16.36 and $18.36. 

Cirrus Logic Inc (NASDAQ: CRUS): Cirrus Logic, which is engaged in development of high-precision, analog and mixed signal integrated circuits for a range of audio and energy markets has introduced the CS4354, its lowest cost 24bit digital-to-analog convertor with integrated stereo line drivers. The CS4354 marks significant progress in simplifying the design of analog output circuitry by reducing the need for multiple system components.  

Cirrus Logic, shares are currently down 0.99% to $17.99. The company has 52 week price range of $4.38 - $18.85.  The company’s shares have a 50 day moving average of $14.95 and 200 day moving average of $9.08. Cirrus Logic, shares have support and resistance levels of $17.31 and $18.41. 
 
 

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