SA Charts: Semiconductor sales stay strong, Americas posts sequential dip in Jan
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Global Semiconductor Sales: January 2024 saw worldwide semiconductor sales reach $56.5B, a 17.9% increase from the previous year, with significant growth in the Americas but a decline from December's figures.
Regional Insights and Investments: The Americas experienced a 50.7% year-on-year increase in sales, while Asia Pacific rose by 9%. Taiwan Semiconductor announced a $100B investment in the U.S. over four years to enhance its market presence.
Analyst Views on SMH
Wall Street analysts forecast SMH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 401.930
Low
Averages
High
Current: 401.930
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
