This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Semiconductor Showdown: AMD, ADI, TXN, ONNN, MXIM

NEW YORK (TheStreet) -- It's been a year of ups and downs for shares of the semiconductor industry as disappointing fourth-quarter guidance curtailed a strong run-up mid-year. As the industry becomes increasingly crowded, which circuit makers come out on top and which are set to drop?

MKM Partners has revised its ratings on the semiconductor industry in a research report Monday, explaining:

"Our view on semiconductor end-markets continues to be most positive on data center exposure (a multi-year secular growth trend) followed by communications (on a growth trajectory despite lumpiness). Other end-markets face continued challenges, with little visibility on the timing of a material recovery."

For analog semiconductors Texas Instruments (TXN - Get Report) and Analog Devices (ADI - Get Report), MKM maintains its "neutral" rating with a price target of $41 and $33, respectively, on the view the companies operate in a "low-single-digit grow market".

For Advanced Micro Devices (AMD - Get Report), MKM holds a "neutral" rating and a price target of $3, as its PC and CPU strength is threatened by Intel's (INTC) manufacturing dominance.

MKM holds a more positive view of Maxim Integrated Products (MXIM - Get Report), upgrading the stock to a "buy" with a price target of $35, as the company is well-positioned in the smartphone and data center spaces.

Formerly "buy"-rated, ON Semiconductor Corporation (ONNN) has been downgraded to "neutral" with an $8 price target, as its "highly diversified and manufacturing-heavy" model relies heavily on a global macroeconomic recovery.

By mid-morning, Analog Devices had shed 0.22% to $50.58, Texas Instruments remained flat, Advanced Micro Devices climbed 0.43% to $3.52, Maxim was up 0.6% to $29.36 and ON Semiconductor plummeted 1.4% to $7.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ADI $64.26 0.85%
AMD $2.36 -5.40%
MXIM $35.24 0.14%
ONNN $12.16 2.96%
TXN $58.18 0.02%

Markets

DOW 17,955.39 -79.54 -0.44%
S&P 500 2,099.20 -1.20 -0.06%
NASDAQ 5,019.9560 +25.3540 0.51%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs