Market Overview

JPMorgan's Top 5 Semiconductor Picks Before Earnings


J.P. Morgan issued its top 5 semiconductor stocks on Thursday ahead of earnings.

Analysts, led by Harlan Sur, anticipated the majority of the companies under coverage reporting quarterly results would deliver revenue and earnings that are in line with both the firm's and consensus expectations.

Its top picks, each of which were rated Overweight, are:

  • Broadcom Corporation (NASDAQ: BRCM)
  • Texas Instruments Incorporated (NASDAQ: TXN)
  • Intel Corporation (NASDAQ: INTC)
  • Micron Technology, Inc. (NASDAQ: MU)
  • Maxim Integrated Products Inc. (NASDAQ: MXIM)

Analysts believe the names above could deliver greater than 15 percent returns this year versus the 5-10 percent expected for the broader semiconductor group.

Related Link: Raymond James: Altera-Intel Deal Still On

Sur noted that the top picks were “leaders in their target segments” with “Broadcom for networking & connectivity; Intel for PCs, datacenter; Texas Instruments for analog, with particularly broad market exposure; Micron as a beneficiary of consolidation in the memory space with improving end-market demand; and Maxim for automotive / industrial exposure.”

Year to date, Maxim shareholders have gained 10 percent, while Texas Instruments and Broadcom sport appreciation in the single-digits. 

Intel, meanwhile, is down almost 14 percent in 2015, while Micron has lost more than 20 percent.

Latest Ratings for BRCM

Jan 2016DowngradesOutperformMarket Perform
Oct 2015DowngradesBuyNeutral
Aug 2015DowngradesOutperformNeutral

View More Analyst Ratings for BRCM
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Posted-In: Harlan Sur JP MorganAnalyst Color Long Ideas Analyst Ratings Trading Ideas


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