Amtech Expecting Semi Rebound by Q3 2009

Here it comes. Market sages are looking for signs that silver linings may emerge. Wednesday, the crew over at American Technology Research took a look at what might be learned this holiday season, and decided that some early good news to come out of this holiday season would be “a lack of increasingly bad news on the demand side of the equation.” I’ll say. “They would then look for signs that OEMs and distributors are willing to replenish inventory to more normalized levels,” say Amtech. But rather than just look for signs of improvement, Amtech believes you should jump into semi stocks over the next five weeks in anticipation of a likely “snapback” in revenue in the second half of 2009.

That’s right around when the entire economy is supposed to start rebounding, according to many of the most recent views. So, take a look at the semis as the year slips, I guess, if you want to position yourself for what’s going to be rebounding before that second-half economic rally comes rushing in. Just rushing in!

Amidst a positive Nasdaq tape, semis are mixed, with Micron Technology (MU) the standout outperformer, rising 20 cents, or 8.5%, to $2.56 after missing profit estimates last night. But we’ll get to that in a bit. Here’s how some others are doing:

Marvell Technology Group (MRVL): down 5 cents, or .8%, at $6.54;
Broadcom (BRCM): up 11 cents, or .7%, at $16.68;
Texas Instruments (TXN): up 2 cents, or .14%, at $14.28;
Intel Corporation (INTC): up 12 cents, or .9%, at $14.19;
Qualcomm (QCOM): up 2 cents, a fraction of a percent, at $34.20;
Nvidia (NVDA): down 21 cents, or 2.65%, at $7.70;
Monolithic Power Systems (MPWR): down a penny, or .08%, at $11.83.

Comments

[Ames Tiedeman:]

This is why you buy now. NVDA can triple.

2008 Dec 26 10:26 AM