Memory Chip Stocks Hammered Following Profit Warning (MU, SNDK, RMTR, ISSI, NVEC, RMBS)

Tickerspy’s Memory Chip Index

MEMORY CHIP INVESTING IDEAS

• Popular long ideas: SNDK, MU, RMBS
• Popular short ideas: SNDK, MU, RMBS
• Top dividend plays: None
• Pro favorites: SNDK, MU, NVEC

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MEMORY CHIP COVERAGE

These companies make the actual memory chips used in a variety of data storage devices and solutions

• Micron Earns An Upgrade, But No Love For Memory Chip Stocks (MU, RMTR, ISSI, MIPS, RMBS, NVEC, SNDK)
• Chip Stocks In Play Following TI Takeover Of National Semi (TXN, NSM, SNDK, AMD, MU, ISSI, NVEC, RMBS)
• Micron Stands Tall Among Memory Chip Group (MU, INTC, SNDK, RMBS, ISSI)

MEMORY CHIP CHART

MEMORY CHIP METRICS

Avg. Market Cap:	$5.4B
Avg. P/E Ratio:	25.7
Avg. Div Yield:	0.0%

Shares of memory chip maker Micron Technology (MU) are plunging 4% after South Korean rival Hynix said it may miss analysts’ consensus estimate for operating profit in the second half of 2011. The news from Hynix is having a broad-based, negative impact on U.S.-listed memory chip makers as the Memory Chip Stocks Index is plummeting 2.1% today.

SanDisk (SNDK) is proving it isn’t immune from the memory chip carnage today as its shares are down 3%, but ThinkEquity attempted to come to the stock’s rescue, saying SanDisk shares should be bought at current levels, noting that the company is poised to generate strong results in the second half of this year. ThinkEquity said it believes the supply/demand environment is positive for SanDisk.

Ramtron International (RMTR) is also down 3% while Integrated Silicon Solution (ISSI) and NVE (NVEC) are both lower by 2%. Rambus (RMBS) is the only Index member in the green today with a gain of 1%. The Index is down about 7% in the past three months.

Investors can track the Memory Chip Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: ISSI, MU, NVEC, RMBS, RMTR, SNDK