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4 Semiconductor Stocks Grossly 'Underowned', According to Bank Of America
Capital Markets, FinTech
Despite a huge multi-year runs from semiconductor stocks, a new report from Bank of America revealed that a handful of popular semiconductor stocks are still dramatically under-owned among active fund managers. The latest findings are based on Bank of America’s Equity Strategy data.
Bank of America analyst Vivek Arya said active managers have dialed back their relative weighing in the tech sector from peak levels of 1.25 times in August 2017 to only 1.18 times in early March.
“The decline was largely driven by Semis, which fell to its lowest relative weight in last 20 months to 1.12x vs peak of 1.46x in Mar’17,” Arya said.
Here’s a rundown of some of the key findings in the report.
Nvidia Corporation (NASDAQ: NVDA) …
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