Semis Ratchet Higher on Intel Earnings (SMH) (INTC)
Tweet Send to a FriendGet Alerts INTC Hot Sheet
Price: $25.51 +0.16%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 3.8%
EPS Growth %: -28.6%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 3.8%
EPS Growth %: -28.6%
Trade INTC Now!
Semiconductor stocks are moving higher in early trading on Wednesday, with shares of Intel (NASDAQ: INTC), Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) and ASML Holding NV (Nasdaq: ASML) all moving higher.
Intel reported earnings after the close yesterday, and despite what some say are lukewarm results, shares of Intel traded higher. Analyst Doug Freedman of RBS, who has an Outperform rating on Intel, said the results were "better than feared", and that may sum up general sentiment regarding INTC results and for expectation in the space.
As many expected, Intel highlighted macro weakness impacting PC shipments in Asia, Western Europe and North America during a conference call. Like other semiconductor stocks, shares of Intel traded significantly lower in past 30 days, and today's move higher could simply be a relief rally. On the other hand there is a possibility that this is a true turn for stocks in this sector.
Market Vectors Semiconductor ETF (NYSE: SMH) is higher by 2.9 percent intraday on Wednesday, paring monthly losses.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Intel reported earnings after the close yesterday, and despite what some say are lukewarm results, shares of Intel traded higher. Analyst Doug Freedman of RBS, who has an Outperform rating on Intel, said the results were "better than feared", and that may sum up general sentiment regarding INTC results and for expectation in the space.
As many expected, Intel highlighted macro weakness impacting PC shipments in Asia, Western Europe and North America during a conference call. Like other semiconductor stocks, shares of Intel traded significantly lower in past 30 days, and today's move higher could simply be a relief rally. On the other hand there is a possibility that this is a true turn for stocks in this sector.
Market Vectors Semiconductor ETF (NYSE: SMH) is higher by 2.9 percent intraday on Wednesday, paring monthly losses.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Citi Raises PT on Micron Technology (MU) to $19
- Oxford Industries (OXM) Tops Q1 EPS by 4c, Trims Top-End of FY13 Revs Outlook
- Buy Emerging Market Index (EEM) Calls to Position for a Rebound - MKM Partners
Create E-mail Alert Related Categories
ETFsRelated Entities
Earnings
Login with Facebook
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!
