Semiconductor Companies Provide Updates on Appointments, Earnings Results, and Conference Calls - Research Report on Micron, AMD, Analog Devices, NXP Semiconductors, and Fairchild Semiconductor
NEW YORK, July 26, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Micron Technology Inc. (NASDAQ: MU), Advanced Micro Devices, Inc. (NYSE: AMD), Analog Devices, Inc. (NASDAQ: ADI), NXP Semiconductors NV (NASDAQ: NXPI), and Fairchild Semiconductor International Inc. (NYSE: FCS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Micron Technology Inc. Research Report
On July 17, 2013, Micron Technology Inc. (Micron) announced that it has appointed Warren East to the Company's the Board of the Directors, with immediate effect. Prior to his engagement with Micron, East served as the CEO of ARM Holdings PLC from October 2001 to July 1, 2013. Mark Duncan, CEO of Micron, commented, "Warren transformed ARM during his tenure as CEO, and we are confident his contributions will strengthen our board." East stated, "With the acquisition of Elpida, Micron is well-positioned to be a growing, dynamic leader in semiconductor memory and a critical contributor to the success of customers in the storage, mobile and computing markets." The Full Research Report on Micron Technology Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/9e1c_MU ]
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Advanced Micro Devices, Inc. Research Report
On July 18, 2013, Advanced Micro Devices, Inc. (AMD) released its financial results for Q2 2013. AMD reported that revenue during the quarter was down 17.7% YoY to c. $1.2 billion. Operating loss was $29 million, compared to an operating income of $77 million in Q2 2012. Net loss was $74 million, or $0.10 per share, compared to net income of $37 million, or $0.05 per share in Q2 2012. Rory Read, President and CEO of AMD, stated, "Our focus on restructuring and transforming AMD resulted in improved financial results." Read continued, "Our performance in the second quarter was driven by opportunities in our new high-growth and traditional PC businesses. Looking ahead, we will continue to deliver a strong value proposition to our established customers and also reach new customers as we diversify our business. We expect significant revenue growth and a return to profitability in the third quarter." The Full Research Report on Advanced Micro Devices, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/14ff_AMD ]
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Analog Devices, Inc. Research Report
On July 23, 2013, Analog Devices, Inc. (Analog Devices) announced that it will release its Q3 FY 2013 financial results after the market closes on Thursday, August 20, 2013. Analog Devices reported that after issuing an official press release regarding its financial results, a conference call will be held. The call has been scheduled on the same day at 5:00 p.m. ET. The conference call will be broadcast live on the Internet and investors can access the same on Analog Devices' website through the Investor Relations section. Besides, a replay of the call will be available approximately two hours after the conclusion of the call and can be accessed for up to two weeks. The Full Research Report on Analog Devices, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/8dd1_ADI ]
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NXP Semiconductors NV Research Report
On July 11, 2013, NXP Semiconductors NV (NXP Semiconductors) announced that it will release its financial results for Q2 2013 after the close of extended trading on the NASDAQ Global Select Market on Wednesday, July 31, 2013. NXP Semiconductors reported that it will host a conference call to discuss its financial results with the financial community on Thursday, August 1, 2013 at 8:00 a.m. US Eastern Daylight Time (2:00 p.m. Central European Summer Time). The Full Research Report on NXP Semiconductors NV - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/c1c4_NXPI ]
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Fairchild Semiconductor International Inc. Research Report
On July 18, 2013, Fairchild Semiconductor International Inc. (Fairchild Semiconductor) released its financial results for Q2 2013. The Company reported that sales were down 1.4% YoY and up 3.9% QoQ to $356.5 million. Net loss was $7.5 million, or $0.06 per diluted share, compared to a net income of $11.9 million, or $0.09 per diluted share in Q2 2012. Mark Thompson, Chairman and CEO of Fairchild Semiconductor, said, "Our high voltage product sales supporting the industrial and appliance markets were up 15% sequentially. We posted record quarterly sales for our products serving the automotive market. Power conversion products also recorded solid sales growth in the second quarter. We saw some incremental demand weakness from the notebook PC market and at a couple of large mobile customers that impacted Q2 sales and our backlog heading into the third quarter. We expect the weakness in notebooks to persist but have limited impact on our future results now that it accounts for less than 3% of total sales. Mobile sales are expected to increase in the third quarter due largely to one major customer and continued growth from our Chinese customers. Our guidance reflects some conservatism given how difficult it has been for our customers to forecast actual mobile demand." The Full Research Report on Fairchild Semiconductor International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/6f10_FCS ]
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