TECH - Thanks To Apple This Analyst Is Optimistic On ARM Microchip Technology And More Ahead Of Earnings | Benzinga
This past week, eight companies in KeyBanc analyst John Vinh’s semi-coverage universe reported, from which he highlighted vital takeaways. The companies included Advanced Micro Devices, Inc (NASDAQ:AMD), Lattice Semiconductor Corp (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ:MPWR), NXP Semiconductors NV (NASDAQ:NXPI), ON Semiconductor Corp (NASDAQ:ON), Qualcomm Inc (NASDAQ:QCOM), Qorvo, Inc (NASDAQ:QRVO), and Skyworks Solutions, Inc (NASDAQ:SWKS).
He noted analog cyclical semis show incremental signs of stabilization and bottoming, with booking trends improving and channel inventory further decreasing.
Distributors Arrow Electronics, Inc (NYSE:ARW) and Avnet, Inc (NASDAQ:AVT) indicate that transportation in NA, A&D in EUR, datacenter, and consumer in Asia showed signs of green shoots; however, guidance reflects incremental softness on more aggressive customer destocking trends.
Automotive is correcting, but with the exception of Tesla, Inc. (NASDAQ:TSLA) is not as bad as feared, while industrial appears further through the ...