A better than expected earnings report from Linear Technology LLTC yesterday after the closing bell has set fire to semiconductor stocks on Wednesday. LLTC shares are up nearly 10% to $32.75 and related names are also surging significantly higher. In particular, Fairchild Semiconductor FCS is seeing bullish activity as the stock has rocketed 13% higher to $14.70 on heavy volume.
Texas Instruments TXI has added 7.61% to $33.43 and is sitting near session highs at last check. Other big movers include ON Semiconductor ONNN, Intersil ISIL, Atmel ATML and Micron Technology MU. The Market Vectors Semiconductor ETF SMH reflects the wildly bullish activity in the space on Wednesday, rising almost 4% to $32.87.
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