He also sliced his ratings on Intel, Analog Devices, Texas Instruments and Nvidia to Sector Perform from Outperform.
FORBES: Chips: RBC Wary; Cuts Ratings On INTC, NVDA, TXN, ADI
Our clients have numerous positions in energy sector stocks and oil-related instruments.
But under the leadership of industry legend Dennis Picard, the company jettisoned virtually all of its commercial businesses and bulked up on military lines as companies like General Motors and Texas Instruments sought to exit the sector.
Other competitors in the technology sector include: QUALCOMM (QCOM), Texas Instruments (TXN), and Analog Devices (ADI).
Later Monday, the tech sector comes back into focus with quarterly results from IBM and Texas Instruments after the closing bell.
Topics would include financial instruments in East-West trade offered by the banking sector (such as bonds), bank-to-bank cooperation, and even ruble convertibility.
For certain, the computer hardware sub-sector is in decline and this impacts components producers like Intel and Texas Instruments.
In the process control sector he sees Rudolph Technologies, Nanometrics, Camtek and Nova Measuring Instruments as potential sellers.
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The rest of the technology sector performed well Tuesday, as fellow chip companies Advanced Micro Devices and Texas Instruments increased 2.2% and 2.6%, respectively, while other firms such as IBM and Hewlett-Packard also enjoyed gains.
Other competitors in the technology sector include: Lattice Semiconductor (LSCC), Xilinx (XLNX), and Texas Instruments (TXN).
Other competitors in the technology sector include: Advanced Micro (AMD), Intel (INTC), and Texas Instruments (TXN).
Other competitors in the technology sector include: Rudolph Technologies (RTEC), Nanometrics Incorporated (NANO), and Nova Measuring Instruments (NVMI).
Chip investors will want to keep an eye on other stocks in the sector today, as well as chip-heavy ETFs like the Semiconductor HOLDRS (SMH), which counts Texas Instruments and Altera among its top holdings, in addition to Intel (INTC), Applied Material (AMAT) and Analog Devices (ADI).
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