Semiconductor stocks fell in morning trading Tuesday

Tiger Newspress2021-05-04

(May 4) Semiconductor stocks fell in morning trading Tuesday, however, Citi says, Semiconductor stocks still have 'more upside before the crash'.

Three semiconductors have now warned that a correction is coming, but Citi thinks "it's too early" and expects "more upside beforethe crash."

Analyst Christopher Danely notes that Texas Instruments(TXN-0.6%), ON Semiconductor(ON-0.6%), and Power Integrations(POWI-0.8%) provided guidance for a "below-seasonal quarter due to double ordering."

Danely: "We believe it’s too early to downgrade as all three companies are not experiencing a decline in bookings or lead times, they are just concerned that business is 'too strong'."

Citi thinks the correction will happen at "some point" but only after the shortages are fixed and lead times narrow, which could happen in Q4 or the first half of next year. The firm expects upside to Q2 and Q3 as lead times remain extended.

Citi maintains Buy ratings on Texas instruments and ON Semi and doesn't have a rating on POWI.

The Philadelphia Semiconductor Index is currently down1.6%, slightly ahead of the1.3%decline from the broader tech sector(NYSEARCA:XLK).

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Comments

Wanlin
2021-05-05
Wanlin
More crash to reach new high.
bzlim
2021-05-05
bzlim
Please fall more! I want to buy in!
同是天涯沦落人
2021-05-05
同是天涯沦落人
Looks like correction is coming
andrew123
2021-05-05
andrew123
Wat now?, wat goes up must come down. Newton law of gravity
tnerual
2021-05-05
tnerual
Hi
InvKeJ
2021-05-05
InvKeJ
?

Leave a comment

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I want to buy in!&nbsp;","listText":"Please fall more! I want to buy in!&nbsp;","text":"Please fall more! I want to buy in!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102973523","repostId":1168397171,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102970328,"gmtCreate":1620175219264,"gmtModify":1704339686039,"author":{"id":"3554323022733956","authorId":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3554323022733956","authorIdStr":"3554323022733956"},"htmlText":"Looks like correction is coming&nbsp;","listText":"Looks like correction is coming&nbsp;","text":"Looks like correction is coming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102970328","repostId":1168397171,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102923296,"gmtCreate":1620174143315,"gmtModify":1704339648626,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"Wat now?, wat goes up must come down. Newton law of gravity","listText":"Wat now?, wat goes up must come down. Newton law of gravity","text":"Wat now?, wat goes up must come down. Newton law of gravity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102923296","repostId":1168397171,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102932685,"gmtCreate":1620172746547,"gmtModify":1704339601930,"author":{"id":"3572595527962994","authorId":"3572595527962994","name":"tnerual","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572595527962994","authorIdStr":"3572595527962994"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102932685","repostId":1168397171,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102938083,"gmtCreate":1620172563942,"gmtModify":1704339598993,"author":{"id":"3568604152273081","authorId":"3568604152273081","name":"InvKeJ","avatar":"https://static.tigerbbs.com/eb46c2d2a0ca796984a96209e201759d","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3568604152273081","authorIdStr":"3568604152273081"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102938083","repostId":1168397171,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":66,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1168397171"}