This article was highlighted for PRO subscribers, Seeking Alpha’s service for professional investors. Find out how you can get the best content on Seeking Alpha here.
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