This Cash-Gushing Semiconductor Stock Just Hiked Its Dividend 23% -- and Plans to Double It in a Few Years
When the economy gets wobbly, semiconductor stocks tend to struggle. After all, semiconductor companies have historically been cyclical, with booming sales when times are good -- as they were through much of the pandemic -- and busting when demand dries up. Consumer electronics chips are facing the dual headwinds of a gap in demand after many loaded up with a new phone or PC two years ago, and economic challenges caused by the Federal Reserve rapidly raising interest rates.