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J.P. Morgan Publishes SMid Semiconductors Earnings Preview

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In the report, JP Morgan writes, “…we believe there is downside risk to our estimates and consensus for 4Q, and we anticipate our companies will guide 4Q revenues in a range of flat to down 8% Q/Q. However, we believe the market has already discounted a larger decline in 4Q, setting the stage for a move up in SMid semi stocks. We continue to favor product cycle-driven stocks such as BRCM and CAVM”

Companies included in the J.P. Morgan report are: Broadcom Corporation (NASDAQ: BRCM), Cavium (NASDAQ: CAVM), Entropic Communications (NASDAQ: ENTR), Freescale Semiconductor Holdings (NYSE: FSL), LSI Corp. (NYSE: LSI), Mellanox Technologies (NASDAQ: MLNX), NXP Semuconductors (NASDAQ: NXPI), PMC-Sierra (NASDAQ: PMCS), SanDisk Corp. (NASDAQ: SNDK)

Posted-In: JP MorganAnalyst Color Analyst Ratings

 

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