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Actionable news in ISIL: Intersil Corporation,

4 Cheap Chip Stocks to Buy Now Before Q3 Earnings

While the semiconductor industry has had a rough year, mostly on the fear that personal computer (PC) sales have slowed, there are many other application, innovations and technology that can drive earnings. While most of Wall Street agrees that channel inventory has been burned off over the course of the year, the fourth quarter could be difficult due to macro trends and typical seasonality issues.

A new Stifel research report acknowledges for the most part all of the above. The analysts also point out that the big merger and acquisition deals that drove valuations higher in the first half of the year will stay in place to some degree, but they will be less of a driving force going forward. Stifel also thinks investors will start to shun the chip companies with high debt on their balance sheets.

Stifel points to four specific stocks it feels currently trade at relatively attractive valuations. All are rated Buy at the firm as well.

Intersil

This stock has rallied nicely off lows printed during the late August sell-off and could be offering an excellent entry point. Intersil Corp. (NASDAQ: ISIL) is a leading provider of innovative power management and precision analog solutions. Its products form the building blocks of increasingly intelligent, mobile and power-hungry electronics, enabling advances in power management to improve efficiency and extend battery life. Intersil is a trusted partner to leading companies in some of the world’s largest markets, including industrial and infrastructure, mobile computing, automotive and aerospace.

ALSO READ: Deutsche Bank Slashes Price Targets on Chip Equipment Leaders

Intersil recently introduced its latest power saving solutions for two-in-ones...


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