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Entrepreneur
Kurra Bewarse
Username: Entrepreneur

Post Number: 3853
Registered: 05-2011

Rating: N/A
Votes: 0

Posted on Friday, December 31, 2021 - 2:10 pm:   

SOXX Industry Briefing: Chipmakers (543.61 -0.35)

The stock market is little changed on the final day of 2021 with all eleven sectors trading within 0.4% of their respective flat lines. The top-weighted technology sector (-0.2%) holds a slim loss, masking relative strength among chipmakers, as the PHLX Semiconductor adds 0.1%.

Key factors driving today's performance include:

Gains in all but eight components helping the industry group build on this year's outperformance. The SOX index has gained 3.2% in December, extending its 2021 gain to 41.6% versus a 33.8% year-to-date gain in the tech sector and a 21.9% year-to-date gain in the Nasdaq.
Limited participation on the final trading day of 2021.
Notable movers:

CMC Materials (CCMP 191.93, +1.36, +0.7%): best performer in the sector, snapping a three-day skid. Stock has gained 27.0% in 2021.
ON Semiconductor (ON 68.10, +0.49, +0.7%): trading near the midpoint of yesterday's range. Stock has gained 108.2% in 2021.
KLA Corp (KLAC 429.53, +2.45, +0.6%): trading in the lower half of yesterday's range. Stock is up 66.0% in 2021.
Lam Research (LRCX 722.35, +4.02, +0.6%): trading in the lower half of yesterday's range. Stock is up 52.9% in 2021.
Silicon Labs (SLAB 207.14, +0.95, +0.5%): reclaiming yesterday's loss. Stock is up 63.2% in 2021.
Semtech (SMTC 88.96, +0.43, +0.5%): trading near the midpoint of yesterday's range. Stock is up 23.6% in 2021.
Taiwan Semiconductor Manufacturing Co (TSM 120.90, +0.48, +0.4%): trading near the midpoint of yesterday's range. Stock is up 10.9% in 2021.
AMD (AMD 145.53, +0.38, +0.3%): trading near the midpoint of yesterday's range. The company pushed back the expected closing date for its acquisition of Xilinx (XLNX 212.16. -1.72. -0.8%) to Q1. Stock is up 58.2% in 2021.
NVIDIA (NVDA 295.43, -0.43, -0.2%): slipping to its 50-day moving average (292.99). Stock is up 125.8% in 2021.
Micron (MU 93.60, -0.20, -0.2%): revisiting yesterday's low. Stock went ex-dividend today and is up 24.4% in 2021.
Intel (INTC 51.58, -0.16, -0.3%): revisiting its low from Monday. Stock is up 3.5% in 2021.
Xilinx (XLNX 212.16, -1.72, -0.8%): weakest performer in the group, slipping toward its 50-day moving average (207.71) after AMD pushed back its expected closing day for the acquisition of XLNX. Stock is up 49.7% in 2021.

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