New Price Targets for 3 Semiconductor Stocks After Snap-Back Rally
These three semiconductor names offer some clear entry points even as Trump tariffs loom.
You're reading 0 of 1 free page.
Register to read more or Unlock Pro — 50% Off Ends Soon
What a comeback!
On Monday, the S&P 500 hit 5,488, its lowest level since September. Not a great way to start the week.
Then, the large-cap index came roaring back to close at 5,611 — an intraday rally of 123 points, to close 0.55% higher on the day.
The index successfully tested its year-to-date low (point A above).
We still haven’t seen the type of high-volume selloff and rebound normally associated with capitulation. But Monday’s snap-back rally, with tariffs looming just hours away, gave investors something to cheer about.
The Nasdaq Composite also closed Monday’s opening gap, after flirting with a six-month low.
The semiconductor sector has been one of the hardest-hit areas of tech. The sector, represented below by the Philadelphia Semiconductor Index (SOX), closed at a one-year low on Monday.
Despite the poor performance of the SOX, there may be some hope for bargain hunters in the semiconductor sector. Some of the semis are so beaten down, they may be worth a look.
We found three semiconductor and related companies that might soon be ready to move higher.
1. Intel (INTC)
Intel INTC is currently the subject of a variety of rumors, mostly involving partnerships with Nvidia NVDA. The stock is outperforming its sector and the broader market. Intel is in positive territory for the year, gaining about 12% year to date.
The stock is currently in consolidation mode (black dotted lines below).
Technically, this is one of the strongest names in the sector. Intel remains one of the few semiconductor stocks that is trading above its rising 50-day moving average (blue above).
New price target: $27.25.
2. Micron Technology (MU)
Since August of last year, Micron MU has bounced numerous times from the $84 area. That happened again on Monday, as Micron reached an intraday low of $84.10 before rebounding.
The stock keeps hitting resistance on its 200-day moving average (red line above), where it has been rejected four times since December (arrows above).
New price target: $100
3. Marvell Technology (MRVL)
Marvell MRVL is off to a tough start in 2025, losing 46% year to date. The stock is well below its 50-day (blue line below) and 200-day (red line below) moving averages, both of which are turning lower.
The good news is, Marvell is nearing an area of support. In fact, there are three support areas coming into view (dotted lines below), all between $53.40 and $46.25.
If I were looking to buy Marvel, I’d make my purchase in the low-$50s area.
New price target: $72.
One caveat: While these individual stocks have potential, they all could be dragged lower if the SOX continues to slide. Ideally, the semiconductor sector should stabilize, as investors begin to view these names as oversold.
At the time of publication, Ponsi had no positions in any securities mentioned.
