Semis Gain After Texas Instruments (TXN) Results Beat

Semiconductor Sector Index Fund (NASDAQ: SOXX) gained after Texas Instruments (NASDAQ: TXN) reported strong Q3 results and guidance. Importantly, its CFO said China demand is solid - a contrast from statements made by Microchip Technology (NASDAQ: MCHP) earlier this earnings season.

Top holding is SOXX include Micron Technology (NASDAQ: MU), Intel (NASDAQ: INTC), TI, Qualcomm (NASDAQ: QCOM), Applied Materials (NASDAQ: AMAT), Avago Tech (NASDAQ: AVGO), NXP Semiconductors (NASDAQ: NXPI), and Analog Devices (NASDAQ: ADI).

Atmel Corp (NASDAQ: ATML), FREESCALE SEMICONDUCTOR, LTD., (NYSE: FSL), Maxim Integrated Products (NASDAQ: MXIM), ON Semiconductor (NASDAQ: ONNN), and Semtech Corp (NASDAQ: SMTC), and other chip stocks are also on watch.

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