The stock market has apparently fallen out of love with semiconductor stocks. Most major semis stocks are down this year, some by half. The SOX Semis index.
The stock market has apparently fallen out of love with semiconductor stocks. Most major semis stocks are down this year, some by half. The SOX Semis index is down almost 18% this year. We are not in the markets on a daily basis anymore, but as the Street progresses through earnings season, we thought we would take stock on stocks.
Editor’s Note:
Guest author Jonathan Goldberg is the founder of D2D Advisory, a multi-functional consulting firm. Jonathan has developed growth strategies and alliances for companies in the mobile, networking, gaming, and software industries.
The table below details the performance of a dozen of what we consider typical semis stocks in the hopes of gauging which sectors have felt the pain of this cycle and which may still have more downside.
We did not include Intel in this survey as we felt their prospects are being measured by some very company-specific risks (i.e. will they survive?) while the others are trading more around macro and industry conditions.
Source: Yahoo Finance
We think the data shows some clear patterns by segment. Not all semis stocks are being treated the same. Note that the major analog companies Texas Instruments and Analog Devices have both fallen less than their peers.
