got an early boost from
, which offered an optimistic outlook for semiconductor stocks in the first half of 2001, but couldn't remain in the black at midday.
In a report, Prudential analyst Hans Mosesmann mentioned Xilinx and
as his "favorite large cap names." He said he expects the two to "outperform in 2001 given their dominant positions and sustainable competitive advantages in their target markets."
Shares of Xilinx, which is based in San Jose, Calif., were lately down $1.06 cents, or 2.2%, to $47.19 in trading on the
, after hitting an intraday high of $50.38. Texas Instruments fell 44 cents, or 0.9%, to $49.56 on the Big Board.
Additionally, Mosesmann listed
as "traditional cycle plays" with "broad end market exposure that offer minimal downside risk."
However, Mosesmann remains "cautious on PC plays," echoing his firm's
lowered estimates on PC stocks this morning.
Shares of the semiconductor makers were mixed in midday trading. LSI lately fell 5.1% to $17.64 on the
New York Stock Exchange
, while Atmel lost 13 cents, or 1%, to $12.25. STMicroelectronics fell 75 cents, or 1.7%, to $43.56. Microchip Tech gained 69 cents, or 3.1%, to $23 in Nasdaq trading, and Pericom was higher by 75 cents, or 4.4%, to $17.88.
lost $2.13, or 6.5%, to $30.44. The
Philadelphia Stock Exchange Semiconductor Index
recently fell 1.7%, to 593.5.