Skip to main content

Market Overview

JPMorgan's Top 5 Semiconductor Picks Before Earnings

Share:

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

DateFirmActionFromTo
Jan 2016BernsteinDowngradesOutperformMarket Perform
Oct 2015B. Riley FBRDowngradesBuyNeutral
Aug 2015WedbushDowngradesOutperformNeutral

View More Analyst Ratings for BRCM
View the Latest Analyst Ratings

 

Related Articles (BRCM + TXN)

View Comments and Join the Discussion!

Posted-In: Harlan Sur JP MorganAnalyst Color Long Ideas Analyst Ratings Trading Ideas

Latest Ratings

StockFirmActionPT
CNTBSVB LeerinkInitiates Coverage On32.0
VSPRDA DavidsonInitiates Coverage On15.5
DEWolfe ResearchInitiates Coverage On425.0
CATWolfe ResearchInitiates Coverage On265.0
TTEKVertical ResearchInitiates Coverage On145.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com