NEW YORK ( TheStreet) -- The 30 stocks in the PHLX Semiconductor Sector Index
Reading the Table
OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy. Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage. Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months. Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual. Pivot: A level between a value level and risky level that should be a magnet during the time frame noted. Risky Level: Price at which to enter a GTC limit order to sell on strength. Here are the buy-and-trade parameters for the buy rated stocks in the SOX: Broadcom ( BRCM) ($33.72) set a 52-week high at $37.85 on May 20. My annual value level is $30.97 with an annual pivot at $32.91 and semiannual risky level at $34.87. Cirrus Logic ( CRUS) ($17.41) set a 2013 high at $31.97 on Jan. 10. My annual value level is $13.35 with an annual risky level at $20.74. Hittite Microwave ( HITT) ($55.80) set a 52-week high at $66.97 on Feb. 22. This is the stock in the table that's been downgraded to hold from sell. My quarterly value level is $48.25 with a weekly pivot at $54.30 and monthly risky level at $62.49. Mellanox Tech ( MLNX) ($48.97) set a 2013 high at $65.77 on March 12. My semiannual pivot is $48.54 with a weekly risky level at $49.98. Power Integrations ( POWI) ($39.85) set a 52-week high at $46.12 on Feb. 6. My quarterly value level is $34.45 with an annual risky level at $42.10. Veeco Instruments ( VECO) ($35.70) set a 52-week high at $43.19 on May 29. My annual value level is $26.66 with a monthly risky level at $39.62. At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.