FBR Capital Markets Recommends Buying Semiconductor Stocks Ahead Of Earnings (SLAB, ATHR, FCS, IRF, BRCM, ONNN, MSCC)
In a detailed research report released today, FBR Capital Markets recommended a number of semiconductor stocks that they believe offer near term upside. The analysts wrote that for near term stock price appreciation, we prefer exposure to networking/communications stocks including Atheros Communications (NASDAQ: ATHR), Silicon Labs (NASDAQ: SLAB), and Broadcom (NASDAQ: BRCM) and discrete stocks including Fairchild Semiconductor (NYSE: FCS), International Rectifier Corp. (NYSE: IRF), On Semiconductor (NASDAQ: ONNN) and Microsemi Corp. (NASDAQ: MSCC).
FBR is "meaningfully above Street estimates for AMD (NYSE: AMD), IRF, FCS, BRCM, SLAB, and MXIM." The firm said that they are still constructive on chips and believe that fundamentals are strong despite some worry over inventory builds and the pace of lead times.
