Morgan Stanley Downgraded U.S. Semiconductor Stocks to Cautious; Downgrades Intel (INTC) and Others

November 3, 2009 6:55 AM EST

Morgan Stanley downgraded U.S. semiconductor stocks to Cautious today, saying we are in the final innings of the semi cycle.

As part of the call, the firm downgraded Intel (Nasdaq: INTC) from Overweight to Equal Weight.

The firm also downgraded Altera (Nasdaq: ALTR) Linear Tech (Nasdaq: LLTC), Xilinx (Nasdaq: XLNX) and Maxim (Nasdaq: MXIM) from Overweight to Equal Weight and cut ON Semi (Nasdaq: ONNN) NVIDIA (Nasdaq: NVDA), Arm Holdings (Nasdaq: ARMH), Novellus (Nasdaq: NVLS), and KLA Tencor (Nasdaq: KLAC) from Equal Weight to Underweight.


Related Categories

Downgrades
Trader Talk

Stocks Mentioned

ALTR 21.03

+0.12 +0.57%
Volume: 5,390,966
Track ALTR

ARMH 7.72

-0.09 -1.15%
Volume: 563,182
Track ARMH

INTC 19.20

+0.09 +0.47%
Volume: 48,595,995
Track INTC

KLAC 31.24

-0.68 -2.13%
Volume: 4,973,967
Track KLAC

LLTC 26.97

+0.06 +0.22%
Volume: 2,699,092
Track LLTC

MXIM 17.60

-0.19 -1.07%
Volume: 3,092,581
Track MXIM

NVDA 13.06

+0.27 +2.11%
Volume: 12,746,087
Track NVDA

NVLS 20.69

-0.03 -0.14%
Volume: 1,340,154
Track NVLS

ONNN 7.76

+0.18 +2.37%
Volume: 8,967,845
Track ONNN

XLNX 22.64

+0.01 +0.04%
Volume: 3,955,347
Track XLNX


Related Entities


Add Your Comment