J.P. Morgan Publishes SMid Semiconductors Earnings Preview

In the report, JP Morgan writes, “…we believe there is downside risk to our estimates and consensus for 4Q, and we anticipate our companies will guide 4Q revenues in a range of flat to down 8% Q/Q. However, we believe the market has already discounted a larger decline in 4Q, setting the stage for a move up in SMid semi stocks. We continue to favor product cycle-driven stocks such as BRCM and CAVM” Companies included in the J.P. Morgan report are: Broadcom Corporation BRCM, Cavium CAVM, Entropic Communications ENTR, Freescale Semiconductor Holdings FSL, LSI Corp. LSI, Mellanox Technologies MLNX, NXP Semuconductors NXPI, PMC-Sierra PMCS, SanDisk Corp. SNDK