Shares of Entegris, Penguin Solutions, and Skyworks Solutions each fell 5.6% in afternoon trading as a broad semiconductor sell-off intensified. The decline followed a Bank of America fund manager survey showing 80% of respondents view semiconductors as the most crowded trade, the highest reading in the survey's history. Additional pressure came from May import prices rising 1.9% month-over-month, nearly double the 1.1% consensus, with an annual gain of 6.7%, the largest since August 2022. Markets also braced for Kevin Warsh's first meeting as Federal Reserve Chair, with some fund managers expecting a hawkish hold. Skyworks Solutions, which has had 19 moves greater than 5% over the past year, remains up 11.3% year-to-date at $71.64 per share but is still trading 14.1% below its 52-week high of $83.42 from May 2026.
Entegris IncImport prices rose more than expected and hawkish Fed expectations pressured the sector.
Skyworks Solutions IncImport prices rose more than expected and hawkish Fed expectations pressured the sector.
Penguin Solutions, Inc.Import prices rose more than expected and hawkish Fed expectations pressured the sector.