Semiconductor companies are facing improved prospects headed into 2021, but these tailwinds could be tempered by stock prices that are near all-time highs, analysts said on Monday.
The Philadelphia Semiconductor index rose 1.2% on Monday, bringing its year-to-date advance to nearly 50%. The industry benchmark has easily outperformed the 13% gain of the S&P 500, as well as the 36% rise of the S&P 500 information technology index.
