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-0.000196425063837967 0.00117855038302892 -6.54750212793224E-05 0.0011130753617496 -0.000851175276631935 0.000327375106396984 0.000327375106396984 0.000327375106396984
Stock impact report

Chip Stocks Are in for Trouble, Analyst Says. 4 Stocks Get Downgrades. [MarketWatch]

Texas Instruments Incorporated (TXN) 
Last texas instruments incorporated earnings: 4/21 04:01 pm Check Earnings Report
Company Research Source: MarketWatch
Even though the semiconductor sector has lost more than one-third of its value this year, the pain isn't over for investors, according to the firm's analyst Vivek Arya. He cut his revenue forecasts for the industry on Wednesday, saying he now expects the top line to shrink next year. “Tighter global monetary policy, geopolitical turmoil and consumer weakness is likely to pressure 2HCY22/CY23E chip demand,” he wrote. “Near-term consumer risks (PC, 5G phones, gaming cards) could spill over to data center/cloud/enterprise where demand thus far has been solid.” The iShares Semiconductor ETF (ticker: SOXX), which tracks the performance of the ICE Semiconductor Index, has declined by 35% this year, compared with a 20% drop for the S&P 500 The analyst is now predicting revenue growth of 9.5% for the industry in 2022, compared with 13% previously. Sales will fall by 1% next year, he says, down from his earlier call for growth of 7%. As a result, Arya downgraded four chip names. He lo Show less Read more
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