NXP Semiconductor (NASDAQ:NXPI), a Netherlands based semiconductor manufacturer, announced today that the secondary offering of 30 million shares of its common stock by certain of its shareholders will be priced at $30.00 per share. The stock fell 3.123% to $30.40, as it share price adjusted itself to the offering price.
Meanwhile, Intel Corp’s (NASDAQ:INTC) Sandy Bridge processor, which “combines Intel’s traditional microprocessor technology with graphics, video processing and other features on a single piece of silicon,” is reportedly not drawing as much demand as originally expected, according to the Wall Street Journal. FBR Capital Markets analyst Craig Berger cautioned that a downturn in demand for Intel’s Sandy Bridge products could spoil the company’s first quarter earnings report that is due April 19th. Shares of the Santa Clara based semiconductor company dropped 1.65% to $20.12 during trading on Thursday.
NXP and Intel are two top holdings of the iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ:SOXX). The ETF decreased roughly 0.9% to $59.12 during the trading session. Other major components of the Fund include Texas Instruments Inc (NASDAQ:TXN), Taiwan Semiconductor (NYSE:TSM) and Applied Materials (NASDAQ:AMAT).
For a complete list of holdings, visit the SOXX Holdings page on ETFChannel.com
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