NEW YORK, July 28, 2016 /PRNewswire/ --

Stock-Callers.com today takes a closer look at the Diversified Electronics industry, which continues to see a rise in demand as need for electronic devices increases. Companies in this space are engaged in the design and development of a wide array of electronic components. Under review are Corning Inc. (NYSE: GLW), TE Connectivity Ltd (NYSE: TEL), Plug Power Inc. (NASDAQ: PLUG), and Silicon Motion Technology Corp. (NASDAQ: SIMO). Learn more about these stocks by accessing their freenotes at:

http://stock-callers.com/registration

Corning 

At the close on Wednesday, shares in Corning, New York-based Corning Inc. saw a decline of 1.01%, ending the day at $21.49. The stock recorded a trading volume of 17.90 million shares, which was much above its three months average volume of 8.15 million shares. The Company's shares have advanced 12.75% in the last one month, 12.10% in the previous three months, and 19.22% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.88% and 13.30%, respectively. Moreover, shares of Corning, which manufactures and sells specialty glasses, ceramics, and related materials worldwide, have a Relative Strength Index (RSI) of 59.07.

On July 27th, 2016, Corning announced its results for the second quarter ended June 30th, 2016. The company reported that Q2 GAAP EPS increased by 619% sequentially to $1.87; Core EPS was up 32% sequentially to $0.37. The company also announced a new $2 billion accelerated stock repurchase program. Free notes on GLW are available at:

http://stock-callers.com/registration/?symbol=GLW TE Connectivity 

Shares in Schaffhausen, Switzerland-based TE Connectivity Ltd ended the day 0.20% lower at $61.29, and with a total volume of 1.21 million shares traded. In the last month and the previous three months, the stock has gained 11.78% and 0.56%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 3.18% and 0.82%, respectively. Furthermore, shares of TE Connectivity, which together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions primarily in Switzerland, have an RSI of 60.04.

On July 01st, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating with a decrease of the target price to $63 a share from $66 a share for the Company's stock.

On July 20th, 2016, TE Connectivity reported results for the fiscal third quarter ended June 24th, 2016. The company reported Net sales of $3.12 billion were at the midpoint of the guidance range. GAAP Earnings Per Share of $2.19. Adjusted Earnings Per Share were $1.08, up 20% versus the prior year. Both GAAP EPS and Adjusted EPS were records for the company. The complimentary notes on TEL can be accessed at: http://stock-callers.com/registration/?symbol=TEL Plug Power 

On Wednesday, shares in Latham, New York headquartered Plug Power Inc. finished 1.65% lower at $1.79 and with a total volume of 1.25 million shares traded. The stock has advanced 9.15% in the last one month. The Company's shares are trading above their 50-day moving average by 0.37%. Additionally, shares of Plug Power, which engages in the design, development, manufacture, and commercialization of fuel cell systems for the material handling and stationary power market in the U.S., have an RSI of 51.65.

On June 28th, 2016, Plug Power announced it has closed on a long-term loan facility for up to $40 million with Hercules Capital. The proceeds will be used for working capital and general corporate purposes. The facility has a three year term, which is secured by a first priority all-asset lien and has an interest rate of 10.45% per annum. Visit us today and access our complete notes on PLUG at:

http://stock-callers.com/registration/?symbol=PLUG Silicon Motion Technology 

Zhubei City, Taiwan headquartered Silicon Motion Technology Corp.'s stock recorded a trading volume of 424,169 shares at the end of yesterday's session and closed the day at $52.61, gaining 0.23%. The stock has advanced 22.86% in the last one month, 27.87% over the previous three months, and 69.23% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 12.07% and 43.32%, respectively. Additionally, shares of Silicon Motion Technology, which designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide, have an RSI at 59.15.

On July 08th, 2016, research firm Needham reiterated its 'Buy' rating with an increase of the target price to $60 a share from $47 a share for the Company's stock.

On July 22nd, 2016 Silicon Motion Technology announced its financial results for the quarter ended June 30th, 2016. The company reported that net sales increased sequentially to $140.7 million. Net income (non-GAAP) increased to $30.7 million, or $0.86 per diluted ADS, from a net income (non-GAAP) of $24.3 million, or $0.68 per diluted ADS, in the first quarter. The company reported highest quarterly revenue, net income (non-GAAP) and EPS (non-GAAP) in it's history. Get free access to your notes on SIMO at:

http://stock-callers.com/registration/?symbol=SIMO

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