Market Overview

Semiconductors Moving Lower Amid Microchip Lowered Guidance


Semiconductor stocks are trending lower Friday following Microchip Technology's lowered guidance.

The company lowered its sales forecast for the second quarter 2015 by roughly $20 million.

Moreover, after Microchip's lowered guidance, Susquehanna declared that "the preannouncement leaves us with little doubt that an industry correction is upon us."

Semiconductor stocks moving lower in Friday’s session:

Freescale Semiconductor Ltd (NYSE: FSL) down 11 percent.

Microchip Technology Inc. (NASDAQ: MCHP) down 11.2 percent.
Atmel Corporation (NASDAQ: ATML) down 9.6 percent.

ON Semiconductor Corp (NASDAQ: ONNN) down 9.4 percent. 
Texas Instruments Incorporated (NASDAQ: TXN) down 7.9 percent.

Analog Devices, Inc. (NASDAQ: ADI) down 5 percent. 
Advanced Micro Devices, Inc. (NYSE: AMD) down 4.6 percent.
Intel Corporation (NASDAQ: INTC) down 3.7 percent.
NVIDIA Corporation (NASDAQ: NVDA) down 3.9 percent.

Latest Ratings for FSL

Oct 2015MaintainsHold
Oct 2015DowngradesOutperformMarket Perform
Mar 2015DowngradesBuyHold

View More Analyst Ratings for FSL
View the Latest Analyst Ratings

Posted-In: semiconductor SusquehannaAnalyst Color News Analyst Ratings Movers


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Latest Ratings

ANIKFirst AnalysisDowngrades
HUNAlembic GlobalAssumes
POOLStephens & Co.Reiterates196.0
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