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Semiconductor Index Falls After Analyst Downgrade

Stock quotes in this article: AMAT , AMD , ATMI , FORM , INTC , LRCX , TER  

NEW YORK (AP) — Some semiconductor stocks traded lower Friday as a monthslong rally looked set to taper off and an analyst downgraded several companies.

The Philadelphia Semiconductor Sector index declined 1.4 percent on Friday to 272.26 after closing at 285.71 on Monday, its highest finish since Oct. 2.

Citi analyst Timothy Arcuri downgraded four semiconductor-industry stocks from "buy" to "hold": Lam Research Corp., Teradyne Inc., Applied Materials Inc., and ATMI Inc. ...

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