Market Overview

J.P. Morgan Publishes SMid Semiconductors Earnings Preview


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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