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RNECY - Widespread Skepticism On Renesas Looks Like An Opportunity
Renesas Electronics Corp ADR Repstg 1/2 Com Shs
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With most semiconductor stocks having rallied strongly on the expectation of sharp V-shaped recoveries in major markets like autos and industrials, finding bargains in the space has gotten more challenging. While Renesas Electronics (RNECY) too has seen a strong recovery rebound (more than doubling from its April lows), the stock has significantly lagged the SOX index over the past year, as well as peers/rivals like NXP