On Wednesday afternoon, shares of both Semtech and International Rectifier are losing ground after providing disappointing guidance.

FORBES: Chips: Semtech, Intl Rectifier Both Slide On Weak Guidance

Another semiconductor chip company that looks quite positive from an intermediate-term perspective is Semtech Corporation ( SMTC).

FORBES: Two Chip Stocks to Buy

Shares of the chip maker Semtech are trading sharply higher Thursday morning after the company later yesterday posted better-than-expected results for its fiscal third quarter ended October 28.

FORBES: Semtech Spikes As FY Q3 Tops Street Expectations