NEW YORK (AP) -- Semiconductor stocks made modest gains in Tuesday's trading, while Himax Technologies Inc. and Monolithic Power Systems Inc. both took dramatic leads ahead of the group.
Shares of Taiwanese chip maker Himax soared after the company posted a 73 percent increase in fourth-quarter income, despite a challenging pricing environment.
Credit Suisse analyst Randy Abrams, who has an "Outperform" rating on the stock, predicted there could be a "rebound in the works."
"We see potential for a solid trade ahead of disciplined TFT (thin film transistors) industry supply growth (better pricing) and still healthy industry demand, which could drive customer focus to shift to delivery over pricing pressures," Abrams wrote in a note to investors.
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http://biz.yahoo.com/ap/070213/sector_snap_semiconductors.html?.v=1
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