WDC - AMD Broadcom among Mizuho's top semiconductor stocks for 2021

Mizuho Securities sees a number of tailwinds for the semiconductor industry heading into 2021, including the ongoing rebound for the auto, industrial, handset, and memory end markets.Analyst Vijay Rakesh thinks H1 2021 will present "strong y/y momentum and tailwinds from a supportive fundamental and macroeconomic backdrop."The bullish prediction comes with a wave of price target increases for Buy-related stocks, and the analyst highlights AMD (AMD), Broadcom (AVGO), Micron (MU), and Qualcomm (QCOM) among its top semi picks.Price target boosts: AMD from $93 to $102, Applied Materials (AMAT) from $82 to $96, Broadcom from $460 to $480, Lam Research (LRCX) from $410 to $530, Micron from $65 to $75, Qualcomm from $154 to $163, and Western Digital (WDC) from $57 to $59.J.P. Morgan recently named Broadcom as its top semi pick for next year and forecast 10% industry growth in 2021.

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AMD, Broadcom among Mizuho's top semiconductor stocks for 2021