Market Overview

Semiconductors Moving Lower Amid Microchip Lowered Guidance

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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

DateFirmActionFromTo
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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