Recently, semiconductor analyst BlayneCurtis adjusted the stock ratings of three analog chip makers, AnalogDevices (ADI) and NXP Semiconductor's rating from "plus" to "equal weight", but also down Silicon Laboratories originally revised its "equal weight" rating to "reduce".

and said the three analog chip stocks fear greater downside.

The three shares fell to varying degrees yesterday, ADI fell 1.41%, NXP fell 0.21%, Silicon Laboratories plunged 5.10%.

With the impact of the epidemic and inflation, as well as people's expectations for the future of the economy, the analog chip market has also seen a downturn. Curtis expects that as chip orders begin to decline due to weak demand, ADI will significantly lower its profit expectations for 2023, and although this quarter's earnings may not happen, he believes it will happen sooner rather than later.

The analyst is understood to have lowered his target price for ADI to $140 from $180, lowered his target price for NXP shares to $140 from $200, and lowered his target price for Silicon Laboratories shares to $95 from $140.

source：aijiwei