National Semi (NSM), Micron (MU), LSI (LSI), Texas Instruments (TXN), Xilinx (XLNX) Lead Friday Teck Rally

Tech stocks jumped Friday, led by National Semi (NSM), Micron (MU), LSI (LSI), Texas Instruments (TXN) and Xilinx (XLNX), among other chip stocks, ending the session with gains across the sector.

Earlier, the tech sector mirrored the broader market’s uncertainty in the wake of an 8.9-magnitude earthquake that rattled Japan.

National Semi (NSM) rose 54 cents, or almost 4%, to close at $14.70 after the chip maker’s fourth-quarter revenue forecast fell in line with analysts’ estimates.

Late Thursday, National Semi said it expects quarterly sales of $360 million to $370 million, while analysts surveyed by Thomson Reuters had forecast revenue of $367 million.

Micron closed Friday at $10.24, up $0.31, or 3.17 percent. LSI closed at $6.60, gaining $0.28, or 4.43 percent. Texas Instruments ended the session at $34.39, up $0.14, or 0.41 percent. Xilinx closed at $32.33, up $0.43, or 1.35 percent.




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