Semi M&A Hype, Lattice Edition
Last week it was Broadcom getting taken out and even more recently, Intel’s over payment for Altera. I hold INTC (for now) and got nicked on it. Today some mainstream financial media robots are speculating about 3 prime takeover candidates, Atmel, Lattice and Cavium. On a down day in the markets, all 3 sport similar pumps.
Well thank you media robot, for if not for you I’d have held on to LSCC (bought last week from the watch list, as advised in NFTRH 345) because I really do like the company and its segment. I hope to be able to buy it back. But usually hype does not stick, so playing odds here I’ll take the bird in hand, ever so reluctantly.
This does leave me very shy on Semiconductor stocks however, so I’ll keep several on watch, including Silicon Motion (SIMO, lower panel of the chart below), which tickled NFTRH+‘s target in the upper 30’s, on which I also took the profit.
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