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
TheStreet Open House

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) and Analog Devices (ADI), 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), 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), 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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,253.92 +97.07 0.57%
S&P 500 2,010.72 +9.15 0.46%
NASDAQ 4,593.2790 +31.09 0.68%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs