Strong Demand for Semiconductors Boosts Revenues and Expectations - Research Report on Broadcom, TSMC, Xilinx, Skyworks, and RFMD
NEW YORK, July 26, 2013 /PRNewswire/ --
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Today, Analysts Corner announced new research reports highlighting Broadcom Corp. (NASDAQ: BRCM), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Xilinx Inc. (NASDAQ: XLNX), Skyworks Solutions Inc. (NASDAQ: SWKS), and RF Micro Devices Inc. (NASDAQ: RFMD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Broadcom Corp. Research Report
On July 23, 2013, Broadcom Corp. (Broadcom) released its Q2 2013 financial results. Total net revenues were up 6.0% YoY to approximately $2.1 billion. Product revenue was up 6.2% YoY to approximately $2 billion, while income from Qualcomm Agreement was down 10.4% YoY to $43 million. Further, the Company's licensing revenue was up 100% YoY to $12 million. Broadcom incurred a net loss of $251 million or $0.43 per diluted share, compared to a net income of $160 million or $0.28 per diluted share in Q2 2012. Scott McGregor, President and CEO of Broadcom, stated, "Broadcom delivered solid revenue and gross margins in Q2 with tightly managed sequential growth in operating expenses." He continued, "Looking forward, we see continued growth driven by our industry leading portfolio of wired and wireless communication platforms." The Company expects its Q3 2013 total net revenue to be between $2.1 billion and $2.2 billion. The Full Research Report on Broadcom Corp. - 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/496f_BRCM]
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Taiwan Semiconductor Manufacturing Company Limited Research Report
On July 18, 2013, Taiwan Semiconductor Manufacturing Company Limited (TSMC) released its Q2 2013 results. Revenues were up 21.6% YoY to NT$155.9 billion. Net income was up 23.8% YoY to NT$51.8 billion. The Company reported EPS of NT$2.00, compared to EPS of NT$ 1.61 in Q2 2012. Lora Ho, Senior Vice President and CFO of TSMC, said, "Due to the strong demand for our advanced technologies, we have enjoyed a record quarter of both revenue and net income in the second quarter. While we continue to expect the demand for our advanced technologies to grow strongly, we expect the IC supply chain to begin managing inventories in the second half of this year, which will moderate somewhat the overall demand for our wafers. Based on our current business outlook and exchange rate assumption of 1 US dollar to 29.83 NT dollars, management expects overall performance for third quarter 2013 to be as follows: revenue is expected to be between NT$161 billion and NT$164 billion; gross profit margin is expected to be between 47% and 49%; and operating profit margin is expected to be between 35% and 37%." The Full Research Report on Taiwan Semiconductor Manufacturing Company Limited - 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/4a57_TSM]
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Xilinx Inc. Research Report
On July 17, 2013, Xilinx Inc. (Xilinx) released its Q1 FY 2014 financial results (period ended June 29, 2013). Net Revenues of $579 million were down 0.7% YoY and up 8.8% QoQ. Net income of $157 million was up 21% YoY and 20.2% QoQ. Further, the Company reported diluted EPS of $0.56, which was up 19.1% both YoY and QoQ. Moshe Gavrielov, President and CEO of Xilinx, commented, "The June quarter was exceptional on many fronts. Better than expected sales during the quarter were driven by broad-based end market strength, with particularly strong growth from wired communications and aerospace and defense applications. Gross margin was 69% in the quarter, up from 66% in prior quarter. Operating margin of 33% was up from 28% in the prior quarter." Xilinx expects its Q2 FY 2014 sales growth to be flat to up 3% QoQ. The Full Research Report on Xilinx 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/ba84_XLNX]
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Skyworks Solutions Inc. Research Report
On July 18, 2013, Skyworks Solutions Inc. (Skyworks) released its Q3 FY 2013 results (period ended June 28, 2013). Revenues were up 12.1% YoY to $436.1 million. Net income was up 33.3% YoY to $65.7 million and diluted EPS was up 30.8% YoY to $0.34. David J. Aldrich, President and CEO of Skyworks, said, "Skyworks' outperformance and outlook for sustainable above market growth reflects our progress towards becoming a highly diversified analog semiconductor market leader." Donald W. Palette, Vice President and CFO of Skyworks, added, "Given new program launches and an expanding product pipeline, we expect a strong second half to 2013." The Full Research Report on Skyworks Solutions 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/b358_SWKS]
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RF Micro Devices Inc. Research Report
On July 23, 2013, RF Micro Devices Inc. (RFMD) released its Q1 FY 2014 financial results (period ended June 29, 2013). Revenue was up 44.5% YoY to a record $293.0 million, primarily attributable to broad-based adoption of RFMD's best-in-class RF solutions. Net income was $1.6 million, compared to a net loss of $19.1 million Q1 FY 2013. Diluted earnings were $0.01 per share, compared to a loss of $0.07 per share in Q1 FY 2013. Bob Bruggeworth, President and CEO of RFMD, stated, "Looking forward, we believe we are strategically well positioned this fiscal year to deliver record revenue and improving financial performance, given our expectations for diversification, content growth, category expansion, and market share gains, combined with the benefit of new customer product ramps." The Full Research Report on RF 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/7d81_RFMD]
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