Semiconductor Earnings Are Mixed Bag, Analysts Say: 6 Companies In Spotlight, Including: Skyworks, AMD, Qualcomm
From Nasdaq:
A mixed bag of results and forecasts characterizes the fourth-quarter earnings season for the semiconductor industry, offering insights into investor positioning. KeyBank Capital Markets provided ratings and price targets on companies reporting earnings, including Advanced Micro Devices Inc, Microchip Technology Inc, and Qorvo Inc. Texas Instruments Inc and Intel Corp revealed tempered outlooks based on lower-than-expected results and guidance. STMicroelectronics NV, Tesla Inc, Telefonaktiebolaget L M Ericsson, and Nokia Oyj all echoed a softening industrial sector and slowdown in electric vehicle growth. Expectations for companies like AMD, Microchip Technology Inc, Qorvo Inc, Qualcomm Incorporated, Skyworks Solutions, and Silicon Laboratories are cautiously optimistic. Amidst gradual recovery, the semiconductor industry still remains a promising sector.
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