Unplug From Semiconductor Stocks

By

Chris Laudani

 | Aug 19, 2014 | 12:00 PM EDT
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Is it time to unplug from semiconductor stocks? While I'm not a chart watcher, my friends are, and they are growing increasingly worried about the Philadelphia SOX index. It seems the character of the index changed after the Fourth of July holiday. The SOX ran up 15% from mid-May to early July and since then has shown signs of topping. According to them, momentum has slowed. Since I'm not a technician, I decided to take a look at the fundamentals of the two hottest names in the group.

Year-to-date, the best performing stock in the semiconductor group is TriQuint (TQNT), up 132%. The second best performer is merger partner RF Micro Devices (RFMD), which is up 128%. The merger between the two should be completed in the second half of 2014....461 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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