Shares of semiconductor and chip companies are trading lower in possible sympathy with Analog Devices, which fell after issuing soft Q3 guidance.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and chip stocks are trading lower, possibly due to Analog Devices' weak Q3 guidance, affecting companies like AMAT, LSCC, MCHP, NXPI, and STM.
May 24, 2023 | 1:51 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Applied Materials (AMAT) stock is trading lower, possibly due to Analog Devices' weak Q3 guidance.
As a semiconductor company, AMAT's stock price may be affected by the weak Q3 guidance issued by Analog Devices, a key player in the industry.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Lattice Semiconductor (LSCC) stock is trading lower, possibly due to Analog Devices' weak Q3 guidance.
As a semiconductor company, LSCC's stock price may be affected by the weak Q3 guidance issued by Analog Devices, a key player in the industry.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Microchip Technology (MCHP) stock is trading lower, possibly due to Analog Devices' weak Q3 guidance.
As a semiconductor company, MCHP's stock price may be affected by the weak Q3 guidance issued by Analog Devices, a key player in the industry.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
NXP Semiconductors (NXPI) stock is trading lower, possibly due to Analog Devices' weak Q3 guidance.
As a semiconductor company, NXPI's stock price may be affected by the weak Q3 guidance issued by Analog Devices, a key player in the industry.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
STMicroelectronics (STM) stock is trading lower, possibly due to Analog Devices' weak Q3 guidance.
As a semiconductor company, STM's stock price may be affected by the weak Q3 guidance issued by Analog Devices, a key player in the industry.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80