Chip manufacturer Advanced Micro Devices is cutting its revenue forecast, as a result of the greater than expected decline in the demand for desktop computers that rely on its chips. Semiconductor companies that are exposed to the PC-market are likely to continue to suffer revenue declines. Semiconductor companies like Intel, that are making a move away from chips powering PC's to chips powering mobile devices and data centers, are likely to do well. Here are some of the best mid-cap semiconductor stocks TheStreet Quant Ratings says you should consider looking at. Number 3 is Silicon Motion Technology Corporation. With an 'A' rating, the company's strengths can be seen in its revenue growth and increase in net income. 2nd is, Integrated Device Technology. This rating is also an 'A.' Integrated Device Technology thrives in its solid stock price performance and increase in net income. Number 1 is Microsemi Corporation. This too has an 'A' rating. The company flourishes in its revenue growth and expanding profit margins. TheStreet Ratings are algorithmic stock picks based on 32 major data points. S&P 500 stocks rated 'buy' yielded a 16-and-a-half-percent return in 2014, beating the S&P 500 Total Return Index by more than 300 basis points. For the full reports on these stocks, you can check out TheStreet.com/QuantRatings.
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