Broadcom , despite its recent troubles, is one of his defensive picks in the sector, as are International Rectifier and Maxim Integrated
. All three, he said, have "net cash, high dividend yields and somewhat sustainable businesses."
His other picks include Fairchild Semiconductor , ON Semiconconductor and Atmel .
Intel is not on his list, he said, because it's "a little more challenged" by the threat posed by Apple's iPad and "the business fundamentals aren't great. I'd rather own Qualcomm," which he said has more "tailwinds at its back."
CNBC Data Pages:
Craig Berger and FBR own no shares of Maxim, Broadcom and International Rectifier but FBR acts as a market maker for these stocks. Disclosure information was not available for the other companies mentioned.