metamorworks Semiconductor inventory has declined somewhat, but remains at or near 20-year highs for industrial, automotive, consumer and communication components, according to an analysis by Baird. “1Q inventory days in the entire tech supply chain, excluding memory, decreased very slightly year over year, the second consecutive year-over-year decrease, and remainedContinue Reading
adventtr Microchip Technology (NASDAQ:MCHP) and On Semiconductor (NASDAQ:ON) were downgraded by Morgan Stanley on Wednesday due to valuation concerns and issues related to the automotive industry. Shares fell 2% and 2.2% respectively, in extended trading. While Microchip has only gained 11% year-to-date, far below some of its peers, the valuationContinue Reading
SweetBunFactory Global semiconductor industry sales for May jumped 19.3% year-over-year to $49.1 billion, according to data from The Semiconductor Industry Association (SIA) The sales rose 4.1% in May as compared to the prior month. “The global semiconductor market has grown on a year-to-year basis during each month of 2024, andContinue Reading
“ENTG currently stands as the only semiconductor pure play company within the chemicals and materials ecosystem,” said Deutsche Bank analyst Melissa Weathers, in a note. “We believe ENTG to have an outsized exposure to the fastest-growing trends in semiconductor manufacturing technology in the next decade (GAA, taller 3D NAND stacks,Continue Reading
The S&P 500 (SP500) on Friday saw small moves, with the expiration of major options not adding to the volatility of the session. For the week, the Nasdaq (COMP:IND) was flat. The S&P (SP500) and Dow (DJI) advanced 0.61% and 1.45%, respectively. Wall Street had a slew of upgrades andContinue Reading
