Published on 6 May 2024 on Benzinga
This past week, eight companies in KeyBanc analyst John Vinh’s semi-coverage universe reported, from which he highlighted vital takeaways. The companies included Advanced Micro Devices, Inc AMD, Lattice Semiconductor Corp LSCC, Monolithic Power Systems, Inc MPWR, NXP Semiconductors NV NXPI, ON Semiconductor Corp ON, Qualcomm Inc QCOM, Qorvo, Inc QRVO, and Skyworks Solutions, Inc SWKS.
He noted analog cyclical semis show incremental signs of stabilization and bottoming, with booking trends improving and channel inventory further decreasing.