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RBC's Doug Freedman has downgraded the chip sector to Market Weight from Overweight, citing...

RBC's Doug Freedman has downgraded the chip sector to Market Weight from Overweight, citing inventory issues, poor PC and telecom equipment demand, and a softening Chinese market. "The current cycle is unique in that semis have contracted three quarters only to exhibit one-quarter of recovery," says Freedman. INTC, ADI, TXN, and NVDA are receiving downgrades, though BRCM is getting an upgrade on expectations of rising chip content within the platforms it's a supplier for.
Comments (4)
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    This is indirectly an Apple call. PC's falling and any company with a PC focus in trouble while tablets and mobile devices going up.
    18 Sep 2012, 10:39 AM Reply Like
  • petten
    , contributor
    Comments (128) | Send Message
     
    Apples devices use semiconductors, too.

     

    Some semi companies gain, some lose. Why downgrade the whole sector?
    18 Sep 2012, 07:53 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    The did not downgrade Broadcom.
    18 Sep 2012, 11:56 PM Reply Like
  • stephenelkins
    , contributor
    Comments (112) | Send Message
     
    Yawn ... Just wake up, Doug? INTC has been in downtrend for a while now. I'm actually looking at buying again ... not selling;)
    18 Sep 2012, 11:12 AM Reply Like
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