The MaiM Integrated Device (Semiconductor) Manufacturers Portfolio UP 5.5% MTD - ARCHIVED

Introduction

The Integrated Device Manufacturers (IDM) Portfolio consists of 8 companies that do everything themselves and, as such, are not pure-play. They do so to control the entire production process which can lead to greater efficiency and faster time-to-market for new products but this vertical integration also requires significant capital investment in manufacturing facilities and equipment.

The Integrated Device Manufacturers (IDM) Portfolio:  UP 5.5% MTD; DOWN 10.0% in 2024

This article provides a description of each constituent, their performances so far in 2025, in descending order, and in 2024 and the reasons for the price changes in their stocks MTD, as follows:

1. Micron Technology (MU): UP 25.7% MTD; DOWN 1.4% in 2024
   • Reasons for Change In Price:
     1. Positive Earnings Performance: Micron reported strong quarterly results, with revenues and earnings surpassing analysts’ expectations. This positive earnings performance boosted investor confidence.
     2. Inflation Data: Recent inflation data indicated that inflationary pressures were easing, which helped to keep the Federal Reserve on hold regarding interest rate hikes. This news was well-received by the market, leading to a rise in tech stocks, including Micron.
2. Infineon Technologies (IFNNY): UP 8.1% MTD; DOWN 22.5% in 2024
   • Reasons for Change In Price:
     1. Strong Financial Performance: Infineon reported impressive quarterly results, with revenues and earnings surpassing analysts’ expectations. This positive earnings performance boosted investor confidence.
     2. Positive Analyst Ratings: Multiple analysts upgraded their ratings for Infineon to “Strong Buy,” indicating strong confidence in the company’s future performance and potential for stock price appreciation.
3. Intel Corp. (INTC): UP 7.2% MTD; DOWN 60.1% in 2024
   • Reasons for Change In Price:
     1. Strategic Deal News: Reports of potential strategic deals and partnerships, including rumors of collaboration with Elon Musk’s companies like Tesla and SpaceX, generated positive market sentiment.
     2. AI Focus: Intel’s push into artificial intelligence (AI) and the broader semiconductor market has been a significant area of focus. The company introduced new processors designed to enhance AI capabilities, which boosted investor confidence.
     3. Market Rumors: Speculation about Intel’s involvement in high-performance computing systems and autonomous driving projects also contributed to the stock’s rise.
4. NXP Semiconductors (NXPI): UP 3.6% MTD; DOWN 9.5% in 2024
   • Reasons for Change In Price:
     1. Positive Analyst Ratings: Analysts upgraded their ratings for NXPI, with Goldman Sachs upgrading the stock from “Neutral” to “Buy.” This positive sentiment from analysts boosted investor confidence.
     2. AI Spending: Analysts believe that NXP Semiconductors will benefit from increased spending on artificial intelligence (AI), even if there is a slowdown in overall spending. This long-term growth potential was well-received by investors.
5. Analog Devices (ADI): UP 3.2% MTD; UP 7.0% in 2024
   • Reasons for Change In Price:
     1. Positive Analyst Ratings: Analysts maintained positive ratings for ADI, with TD Cowen reiterating a “Buy” rating and setting a price target of $270. This positive sentiment from analysts boosted investor confidence.
     2. Strong Financial Performance: ADI reported better-than-expected earnings for the previous quarter, which exceeded analysts’ expectations.
6. Texas Instruments (TXN): UP 2.6% MTD; UP 9.4% in 2024
   • Reasons for Change In Price:
     1. Positive Earnings Performance: Texas Instruments reported strong quarterly results, with revenues and earnings surpassing analysts’ expectations. This positive earnings performance boosted investor confidence.
     2. Institutional Investments: Institutional investors, such as Guinness Asset Management LTD, increased their holdings in Texas Instruments, which further supported the stock’s performance.
7. STMicroelectronics (STM): UP 1.6% MTD; DOWN 50.2% in 2024
   • Reason for Change In Price:
     1. Positive Analyst Ratings: Analysts maintained positive ratings for STM, with TD Cowen reiterating a “Buy” rating and setting a price target of $50. This positive sentiment from analysts boosted investor confidence.
8. Microchip Technology (MCHP): UP 1.1% MTD; DOWN 36.4% in 2024
   • Reasons for Change In Price:
     1. Positive Analyst Ratings: Analysts maintained positive ratings for MCHP, with several upgrades and raised price targets. This positive sentiment from analysts boosted investor confidence.
     2. Strong Financial Performance: MCHP reported better-than-expected earnings for the previous quarter, which exceeded analysts’ expectations.

Go HERE for a live chart (updated minute-by-minute) of each constituent in the portfolio (Not yet available)