Needham Downgrades MPWR, POWI; Semiconductor ETF (SMH) Underperforming

June 16, 2009 12:23 PM EDT

Semiconductor stocks are struggling to stay afloat today following two downgrades from an analyst at Needham & Co. The Semiconductor HOLDRs ETF (NYSE: SMH), a broad measure of the entire sector, is underperforming the major averages this afternoon, down 0.6% during today's session.

  • downgraded Monolithic Power Systems (Nasdaq: MPWR) from Strong Buy to Buy
  • downgraded Power Integrations (Nasdaq: POWI) from Buy to Hold


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Downgrades

Stocks Mentioned

MPWR 19.96

-0.05 -0.25%
Volume: 220,683
Track MPWR

POWI 32.58

-0.14 -0.43%
Volume: 282,538
Track POWI

SMH 25.48

+0.21 +0.83%
Volume: 12,178,998
Track SMH


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