Why This Analyst Is Bullish On Lumentum And AMD

On CNBC's "Power Lunch" Monday, Susquehanna Financial Group semiconductor analyst Christopher Rolland said he is generally more neutral on the semiconductor sector given the supply issues, but there are two names in particular that he would "highlight."

Lumentum Holdings Inc LITE is in the optical communications space, he said, with the company powering "Face ID" on Apple Inc AAPL iPhones and will eventually power light detection, ranging (LIDAR) and advanced driver assist systems (ADAS).

"We love that name," the analyst told CNBC about the company. 

Advanced Micro Devices Inc AMD is taking market share from Intel Corporation INTC on the personal computer side as well as the data center side, Rolland said. 

Related Link: Semiconductor Shortage Creates Ripples in Economy

Price Action: Lumentum Holdings closed up 1.55% to $92.61. Advanced Micro Devices was down 5.05% to $78.58. 

(Image by brookhaven from Pixabay)

Market News and Data brought to you by Benzinga APIs
Price Target
Posted In: Analyst ColorPrice TargetAnalyst RatingsTechADASAdvanced Micro DevicesAppleChristoper RollandIntellidarLumentumsemiconductorsStocks to WatchSusquehanna
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!