Needham Downgrades MPWR, POWI; Semiconductor ETF (SMH) Underperforming
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
Related Categories
DowngradesStocks Mentioned
Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
