Semiconductor Space Goes Crazy on Wednesday
A better than expected earnings report from Linear Technology (NASDAQ: LLTC) yesterday after the closing bell has set fire to semiconductor stocks on Wednesday. LLTC shares are up nearly 10% to $32.75 and related names are also surging significantly higher. In particular, Fairchild Semiconductor (NYSE: FCS) is seeing bullish activity as the stock has rocketed 13% higher to $14.70 on heavy volume.
Texas Instruments (NYSE: TXI) has added 7.61% to $33.43 and is sitting near session highs at last check. Other big movers include ON Semiconductor (NASDAQ: ONNN), Intersil (NASDAQ: ISIL), Atmel (NASDAQ: ATML) and Micron Technology (NYSE: MU). The Market Vectors Semiconductor ETF (NYSE: SMH) reflects the wildly bullish activity in the space on Wednesday, rising almost 4% to $32.87.
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