Financial Results, Dividend Declarations, Market Activity, Outcome of Board Meeting, and Strategic Agreements - Research Reports on Broadcom, TSMC, Xilinx, Avago and Yandex Editor Note: For more information about this release, please scroll to bottom
NEW YORK, August 22, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Broadcom Corp. (NASDAQ: BRCM), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Xilinx Inc. (NASDAQ: XLNX), Avago Technologies Limited (NASDAQ: AVGO) and Yandex N.V. (NASDAQ: YNDX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5919-100free.
Broadcom Corp. Research Reports
On August 14, 2014, Broadcom Corp. (Broadcom) announced that its Board of Directors has declared its quarterly cash dividend of $0.12 per share to holders of record of the Company's common stock. Broadcom informed that the said dividend will be paid on September 15, 2014 to holders of record of its Class A and Class B common stock at the close of business on August 29, 2014. The full research reports on Broadcom are available to download free of charge at:
Taiwan Semiconductor Manufacturing Company Limited Research Reports
On August 12, 2014, Taiwan Semiconductor Manufacturing Company Limited (TSMC) held a meeting of the Board of Directors which approved the capital appropriations of c.$3.1 billion for capacity expansion and conversion of certain logic capacity to specialty technologies, building and facility installation as well as capacity setup for advanced packaging and assembly, and fourth quarter 2014 R&D capital appropriations and sustaining capital appropriations. TSMC informed that during the meeting, the Board also approved capital injection of not more than $2 billion to TSMC Global Ltd. - a wholly-owned subsidiary based in British Virgin Islands, for the purpose of reducing foreign exchange hedging costs. Additionally, the Board also approved appointment of General Counsel Ms. Sylvia Fang and Director of Human Resources Ms. Connie Ma as Vice Presidents of TSMC, effective immediately. The full research reports on TSMC are available to download free of charge at:
Xilinx Inc. Research Reports
On July 22, 2014, Xilinx Inc. (Xilinx) announced its Q1 FY 2015 (period ended June 28, 2014) financial results. The Company reported Q1 FY 2015 revenues at $612.6 million compared to $579.0 million in Q1 FY 2014 and consensus revenue estimate of $631.55 million in a Reuters' poll of analysts. Net income stood at $173.61 million or $0.62 per diluted share compared to $157.0 million or $0.56 per diluted share in Q1 FY 2014. "June quarter revenues were impacted by weaker than anticipated sales from our defense and wireless businesses," said Moshe Gavrielov, Xilinx President and CEO. "However, I am pleased by our continued focus on supply chain efficiencies and cost reduction efforts, which resulted in gross and operating margins of 69.1% and 33.7%, respectively. Looking ahead to the second half of our fiscal year, I believe Xilinx is positioned to benefit from a recovery in wireless and defense programs as well as improved business conditions in wired communications and industrial applications." In addition its Board of Directors announced a quarterly cash dividend of $0.29 per outstanding share of common stock, payable on August 27, 2014 to all stockholders of record at the close of business on August 6, 2014. For Q2 FY 2015, the Company anticipates sales to be flat to down 4% QoQ. The full research reports on Xilinx are available to download free of charge at:
Avago Technologies Limited Research Reports
On August 13, 2014, Avago Technologies Limited (Avago) announced that the computer technology giant Lenovo has decided to power its latest ThinkServer systems with the Company's Syncro® storage controllers which offer shared storage solutions along with RAID protection. According to the Company, its Syncro 9286-8e CS adds new levels of value to Lenovo systems while also delivering storage clustering and failover. The Company stated that its Syncro storage solutions will optimize the Lenovo RAID systems to match the needs of SMBs, offering robust, easy-to-deploy storage clustering solution. Commenting on the development, Jas Tremblay, Vice President of Marketing, Data Center Solutions Group at Avago, said, "The new Lenovo systems with the Syncro solution deliver enterprise capabilities in data sharing and continuous application uptime that are cost-effective for the SMB market and help ensure uninterrupted productivity." The full research reports on Avago are available to download free of charge at:
Yandex N.V. Research Reports
On August 19, 2014, the stock of Yandex N.V. gained 5.79% to end the trading session at $30.72. During the session, the stock opened at $29.07, and fluctuated in the range of $29.07 - $30.95. A total of 4.66 million shares changed hands during the session, which was above its 30-day daily average volume of 2.94 million. Over the last one month, the stock has declined by 0.07%, compared to the Dow Jones Industrial Average which fell 1.06% during the same period. The full research reports on Yandex are available to download free of charge at:
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