The Chips Are Up: Sales Expected to Increase Next Year

Chip (NYSE:SMH) sales around the world are anticipated to increase in 2012. According to Gartner Inc. (NYSE:IT), predictions are that they will total $309 billion, up 2.2% from last year. Their previous predictions were that semiconductor revenue would increase 4.6% next year.

Research Vice President Bryan Lewis said the European economic situation will impact the industry and the “the high degree of uncertainty impacting spending by both consumers and enterprises.”

Here’s how top semiconductor stocks are trading now:

Intel Corporation (NASDAQ:INTC): INTC shares recently traded at $25.35, down $0.31, or 1.21%. They have traded in a 52-week range of $19.16 to $25.78. Volume today was 12,163,298 shares versus a 3-month average volume of 63,490,000 shares. The company’s trailing P/E is 10.98, while trailing earnings are $2.31 per share.

Advanced Micro Devices, Inc. (NYSE:AMD): AMD shares recently traded at $5.63, down $0.09, or 1.57%. They have traded in a 52-week range of $4.31 to $9.58. Volume today was 2,881,918 shares versus a 3-month average volume of 21,810,600 shares. The company’s trailing P/E is 4.00, while trailing earnings are $1.41 per share.

Texas Instruments Inc. (NYSE:TXN): TXN shares recently traded at $30.66, down $0.01, or 0.03%. They have traded in a 52-week range of $24.34 to $36.71. Volume today was 2,385,085 shares versus a 3-month average volume of 12,984,200 shares. The company’s trailing P/E is 12.78, while trailing earnings are $2.40 per share.

Broadcom Corp. (NASDAQ:BRCM): BRCM shares recently traded at $30.43, down $0.39, or 1.27%. They have traded in a 52-week range of $29.26 to $47.39. Volume today was 2,438,773 shares versus a 3-month average volume of 8,486,760 shares. The company’s trailing P/E is 18.32, while trailing earnings are $1.66 per share.

Micron Technology Inc. (NASDAQ:MU): MU shares recently traded at $5.97, down $0.09, or 1.49%. They have traded in a 52-week range of $3.97 to $11.95. Volume today was 8,227,605 shares versus a 3-month average volume of 38,500,000 shares. The company’s trailing P/E is 35.12, while trailing earnings are $0.17 per share.

NVIDIA Corporation (NASDAQ:NVDA): NVDA shares recently traded at $15.15, down $0.02, or 0.13%. They have traded in a 52-week range of $11.47 to $26.17. Volume today was 2,384,744 shares versus a 3-month average volume of 19,676,100 shares. The company’s trailing P/E is 14.51, while trailing earnings are $1.04 per share.

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