In a new report, Barclays analyst Blayne Curtis discussed two new Barclays initiations in the semiconductor space: Micron Technology and SanDisk Corp. The firm believes that collapsing share prices have created a buying opportunity for traders willing to run the risk of further downside.

Tough Year

So far this year, weak pricing trends have brought an abrupt end to the uptrend in semiconductor stocks. Micron shares are down 56 percent year-to-date (YTD) and SanDisk shares have fallen 46 percent versus only a 5 percent decline by the S&P 500.

According to Curtis, the demand softness is only temporary, but things could still get worse before they get better. “In 2015, we have seen a demand vacuum with both PCs and handsets a hard compare following a strong 2014, but both should be better next year,“ he explained.

Micron

Even at Barclays’ below-consensus earnings estimates, Micron’s stock remains…

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