Zacks Industry Outlook Highlights: Intel, Texas Instruments and International Rectifier
Chicago, IL June 24, 2009 Zacks.com announces the latest Industry Outlook. Todays outlook from Zacks Equity Research analyst Ken Nagy discusses the Semiconductors sector. Highlighted stocks include: Intel (INTC - Analyst Report), Texas Instruments (TXN - Analyst Report) and International Rectifier (IRF - Snapshot Report).
Here is the latest on the Semiconductors sector:Looking at industry bellwethers Intel (INTC - Analyst Report) and Texas Instruments (TXN - Analyst Report) past quarterly results, it appears as though excess inventory has been worked off, and future quarters will likely look more like end-market demand.
Changing Consumer Behavior
The savings rate is up, and the days of excessive debt may be gone for the average consumer, but the majority of the end-market products (smart-phones, net books) that contain these chips are under $1,000.00.
Higher Chip Content in Energy Conservation
Take a sector that looks dismal at first glance, such as Automotive. Looking closer, the chip content in electric or hybrid cars is very high due to power switching and power management. Efficiency was not important in those big 8 cylinder cars of the past, but today it is essential. Our favorite name here is International Rectifier (IRF - Snapshot Report).
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