Sector Snap: Chip stocks mostly decline

SanDisk is expected to post its quarterly report on Monday.

Elsewhere in the sector, shares of wireless chip maker Broadcom Corp. fell $1.15, or 4 percent, to $27.91.

Cowen & Co. analyst Daniel Berenbaum said in a client note he is still "concerned about the effects of macroeconomic weakness on Broadcom's customers," but checks indicate its main enterprise and broadband segments "are holding up well."

He rates the stock "Outperform."

Broadcom is set to report its quarterly results on Tuesday.