Northland Starts AMD, MRVL, QLGC, BRCM, NVDA, EZCH, ELX at Outperform, INTC, TXN, PMCS at Market Perform

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Northland Securities' Michael Burton initiated coverage on the following Semi stocks Wednesday morning:

• AMD (NYSE: AMD) with an Outperform rating and a $7 price target
  
• Marvell (Nasdaq: MRVL) with an Outperform rating and a $15 price target
  
• QLogic (Nasdaq: QLGC) with an Outperform rating and a $17 price target
  
• Broadcom (Nasdaq: BRCM) with an Outperform rating and a $42 price target
  
• NVIDIA (Nasdaq: NVDA) with an Outperform rating and a $16 price target
  
• EZChip (Nasdaq: EZCH) with an Outperform rating and a $50 price target
  
• Emulex (NYSE: ELX) with an Outperform rating and a $9 price target
  
• Intel (Nasdaq: INTC) with a Market Perform rating and a $30 price target
  
• Texas Instruments (NYSE: TXN) with a Market Perform rating and a $30 price target
  
• PMC-Sierra (Nasdaq: PMCS) with a Market Perform rating and a $7 price target

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