Needham Downgrades 7 Semiconductor Stocks, Upgrades 1

Courtesy of Benzinga.

Needham became “more cautious” on semiconductor stocks for 2015 and on Monday made several downgrades.

Analyst N. Quinn Bolton noted that following two years of outperformance, the risk-to-reward profile of the industry is now more balanced, which is reflected in the stocks.

Bolton cut ratings on six stocks from Buy to Hold:

Cavium Inc (NASDAQ: CAVM)
M/A-COM Technology Solutions Holdings (NASDAQ: MTSI)
MaxLinear, Inc. (NYSE: MXL)
RF Micro Devices, Inc. (NASDAQ: RFMD)
Skyworks Solutions Inc (NASDAQ: SWKS)
TriQuint Semiconductor (NASDAQ: TQNT)

Ambarella Inc (NASDAQ: AMBA) was lowered from Hold to Underperform and the stock fell over 5 percent in the pre-market amid the downgrade.

Inphi Corporation (NYSE: IPHI) was the one stock that Bolton upgraded; from Buy to Strong Buy. The stock recently traded at $16.55, up 6.6 percent.

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