FMP

FMP

Enter

Analog Devices Named Citi's Top Pick in U.S. Semiconductors Amid Lower Risk in Automotive Sector

- (Last modified: Sep 18, 2024 1:35 AM)

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Analog Devices (NASDAQ:ADI) has been named Citi’s new top pick in the U.S. semiconductor sector. The analysts moved Analog Devices to the top position due to its lower downside risk in the automotive sector compared to other analog semiconductor companies, especially after recently announcing earnings. Meanwhile, Broadcom and AMD continue to hold the second and third spots, with both remaining top picks for AI-related investments, though there are concerns about potential margin pressures in their AI segments.

Citi also upgraded Texas Instruments to fourth place, citing expectations of rising gross margins, despite concerns over the fourth-quarter 2024 guidance. Any potential share-price weakness is seen as a buying opportunity. Micron was downgraded to fifth, with Citi expecting lower consensus estimates in the near term, but the firm believes the ongoing DRAM inventory correction will end within a few quarters. Microchip remains in the last position among Citi’s Buy-rated semiconductor stocks, pending further catalysts for growth.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 16, 2024 8:06 PM - Gordon Thompson

Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges

On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep