Hot Semiconductor Stocks in Focus (AMD, SNDK, CRUS, PMCS)

Advanced Micro Devices, Inc. (NYSE:AMD) ended 5.37% higher at $7.26. Advanced Micro Devices, Inc. is a global semiconductor company. The Company designs and sells microprocessors, chipsets and graphics processors.

SanDisk Corporation (NASDAQ:SNDK) added 1.14% to $37.41. Last week, the company posted its third quarter earnings that easily topped analyst estimates.

The company said its net income soars 39% to $322.1 million or $1.34 a share during the latest quarter, from $231.3 million, or 99 cents a share. On an adjusted net income came at $1.30 a share.

Revenue jumped to $1.23 billion, up from $935.2 million.

Analysts were looking the company to report $1.05 a share, on revenue of $1.23 billion.

The stock went up more than 27% year-to-date.

Cirrus Logic, Inc. (NASDAQ:CRUS) dropped 3.18% to $12.80. Last week, the company reported fiscal second-quarter net income of 42 cents, or an adjusted 40 cents, against 10 cents a year earlier. A survey of analysts by FactSet was estimating 42 cents.

Over the past 52-week, the stock had traded within the range of $4.51-$21.20. At today`s closing market price, the market capitalization of the company stood at $884.83 million.

PMC-Sierra, Inc. (NASDAQ:PMCS) declined 1.07% and closed at $7.39. Late Thursday, the company reported its third-quarter profit tumbled to $15.2 million or 6 cents a share, from $27.8 million, or 12 cents a share, in the same quarter last year.

Revenue increased marginally to $162.3 million from $130.9 million a year earlier. Analysts had forecast the chip company to report earnings of 19 cents a share on revenue of $$164.6 million, according to a consensus survey by FactSet Research.