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Jim Cramer's Mad Dash: Don't Be Negative on Semiconductors Yet

NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, dissected an analysis on the semiconductor market from Goldman Sachs. 

The Goldman analyst downgraded NXP Semiconductors (NXPI - Get Report)   to sell from hold and lowered the 12-month price target on the stock to $54 from $58. The analyst is also expecting the semiconductor index to drop by 10%, at a minimum, Cramer said.

Read More: 8 Stocks George Soros Is Buying in 2014

"I am not with this Goldman call," Cramer said, citing positive outlooks from Cisco Systems (CSCO - Get Report) and Avnet (AVT) .

"I'm not saying he's wrong," but that perhaps he's too early with the negative outlook, Cramer said.

- - Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter.

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