Semiconductor company Analog equipment (Etcetera 1.93%, Winned at the stock exchange on Friday, its shares shut down the trading session about 2% more. It was one of the two shares flagged by a major bank as the top pics in its area, which the bank believes that the entire flourishing this year. Analog device defeated with that collision S&P 500 Index, which increased more than 1% today.
A top bank says that analog device is the top
The researcher was the top-four American bank City groupWhich was published by the Market Open a new tech on the current and possible future of the semiconductor industry.
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According to reports, the company accelerated semi -circulars despite recently (and quite remarkable) declines. It wrote that April sales for the industry was $ 55 billion, which was more than 11% decrease from March. It is reported that dual -digit drops are seasonal, however, and it was not far from the forecast of a 10% decline. In addition, the sale of zoom out, April was 24% more year -on -year.
In a more optimistic development, Citigroup wrote, average sales prices saw much lower erosion than expected. In April, they fell by 3.2% months in the month, while the bank was estimated to fall by 5.3%.
Defense play time
The environment should improve for semi -circulars because the year wears; Citragroup maintained its forecast of 8% growth at 2024 levels.
To take advantage of this, the bank believes that analog device and its colleagues Texas instruments The best pics are, as they are defensive stock in a difficult environment. I will buy that argument, especially since the analog device has a widely comprehensive product range and as its business has a natural hedge.
Citygroup is an advertisement partner of Motley Full Money. Any stock mentioned by Eric Wolkmann has no situation. The micle flower has a position of Texas Instruments. The Motley Fool has a disclosure policy.
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