Top Semiconductor stocks Movers (SNDK, EMC, TXN)

Shares of the Semiconductor stocks are trading mixed after The Semiconductor Industry Association said Monday that worldwide semiconductor sales came at $25.2 billion in the month of July, an increase of 1.2% from the previous month and up 37% year on year. "Worldwide sales of semiconductors were strong in July despite growing indications of slower growth in the overall economy," said SIA President Brian Toohey, who added that the group still projects that industry growth for 2010 will be in line with its midyear forecast of 28.4%.

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SanDisk Corporation (NASDAQ:SNDK)  shares are gaining after plunging over 17% last week, its worst weekly performance over the past two year. Shares of SNDK are now up 1.25% at $34.62 and bucking the downward market trend.

The median Wall Street price target on the stock is $50.50 and the high target is set at $60 with majority of analysts have a Hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $42.79 and $39.58 respectively.

SanDisk Corporation (SanDisk) is engaged in designing, developing and manufacturing data storage solutions in a range of form factors using the flash memory, controller and firmware technologies.

EMC Corporation (NYSE:EMC) shares are up 0.65% to $18.49 on high volume. So far this year, the stock has risen over 4%. It has a 52-week range of $15.39-$20.97.

The median Wall Street price target on the stock is $24 and the high target is set at $26 with majority of analysts have a Strong Buy rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $19.62 and $18.80 respectively.

EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies and solutions.

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Texas Instruments Incorporated (NYSE:TXN) shares fell 1.53% to $23.78 after it was downgraded by Susquehanna from “Buy” to “Neutral”.

Susquehanna analyst says, "While we believe TXN is likely a share gainer into 2011, it will not be immune to a macro slowdown. While valuation likely limits the downside, given our cautious view on the group we are resetting our rating on the stock so we can become more constructive when business conditions improve."

Texas Instruments Incorporated (TI) is engaged in the designing and making of semiconductors that it sells to electronics designers and manufacturers worldwide. In addition, it sells calculators and related products.

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