Micron Tech, Sandisk Lead These 15 Semiconductor Stocks in the SOX

NEW YORK (TheStreet) -- The PHLX Semiconductor Index (SOX) has been the best year-to-date performer among all the equity averages or indices I track, up 21% so far in 2014. Here I profile 15 of the most popular stocks in the SOX, but did not include Intel (INTC), as I covered this benchmark company on July 7 in Caterpillar, Intel Have Led the Dow 30 Higher as Earnings Begin.

Micron Tech (MU) and Sandisk (SNDK) outperformed the SOX with gains of 51% each, so far in 2014. The only year-to-date loser profiled today is CREE  (CREE), down 19% year to date.

Today's first "crunching the numbers" table shows that eight of 15 stocks are above all five key moving averages. I included the "12-month trailing earnings per share" and 10 have elevated P/E ratios between 20.5 and 43.0.

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Only two stocks are below their five-week modified moving average: Marvel Tech (MRVL) and Nvidia (NVDA). Looking at the 12x3x3 weekly slow Stochastic column, three stocks have flat or declining readings: Advanced Micro Devices (AMD), Maxim Integrated Products (MXIM) and Nvidia.

Looking at the second "crunching the numbers" table, Micron has already reported its latest quarterly results with an earnings beat reported on June 23. The remaining 14 companies report their quarterly results between July 16 and August 28.

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