Strong Sales, Acquisitions, and Outstanding Suppliers to Boost Topline Growth - Research Report on Micron, Xilinx, Applied Materials, and NXP Semiconductors

NEW YORK, August 5, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Micron Technology, Inc. (NASDAQ: MU), Xilinx, Inc. (NASDAQ: XLNX), Applied Materials, Inc. (NASDAQ: AMAT), Microchip Technology Inc. (NASDAQ: MCHP), and NXP Semiconductors NV (NASDAQ: NXPI). 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 31, 2013, Micron Technology, Inc. (Micron) and Elpida Memory, Inc. (Elpida) trustees announced the closing of Micron's acquisition of 100% of Elpida's equity, pursuant to a Sponsor Agreement they have entered on July 2, 2012 in connection with Elpida's corporate reorganization proceedings conducted under the jurisdiction of the Tokyo District Court. In addition, Micron also announced the completion of its acquisition of a 24% share of Rexchip Electronics Corporation from Powerchip Technology Corporation and certain of its affiliates. According to the two Companies, post the purchase of Rexchip shares from Powerchip, Micron will control approximately 89% of Rexchip's outstanding shares and 100% of Rexchip product supply. According to Micron, combining its product portfolio with Elpida's will further strengthen Micron's position in the memory market and enable it to provide customers with an even more complete set of high-quality solutions. 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]

--

Xilinx, Inc. Research Report

On July 30, 2013, Xilinx, Inc. (Xilinx) announced that TSMC has been awarded with its "Best Supplier Award" in recognition of TSMC's outstanding performance as a strategic partner and supplier. According to Raja Petrakian, Senior Vice President, Worldwide Operations at Xilinx, "TSMC earned our 2012 Best Supplier Award for collaborating deeply with Xilinx to establish clear technology leadership, product quality, on time delivery, and continuous yield enhancement. This has already led to significant revenue growth and market share advantages at 28nm, a break-out product portfolio consisting of system-optimized FPGAs and the industry's first All Programmable 3D ICs and SoCs."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]

--

Applied Materials, Inc. Research Report

On July 29, 2013, Applied Materials, Inc. (Applied Materials) announced that Mike Splinter, Chairman and CEO of the Company, will receive the 2013 Semiconductor Industry Association (SIA) Robert N. Noyce Award for his achievement and leadership in support of the US semiconductor industry. Brian Toohey, President and CEO of SIA, said, "Our Board carefully considers and votes on the nominees based on a number of criteria, including overall contributions to the U.S. semiconductor industry, leadership and outstanding innovation. This year, it is our pleasure to award Mike Splinter with the industry's highest honor." Applied Materials informed that the award will be presented at the SIA Award Dinner to be held on November 7, 2013. The Full Research Report on Applied Materials, 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/251d_AMAT]

--

Microchip Technology Inc. Research Report

On July 31, 2013, Microchip Technology Inc. (Microchip Technology) reported its Q2 2013 financial results. Net sales increased 31.4% YoY to $462.8 million. Net income was $78.6 million or $0.37 per diluted share in Q2 2013, compared to net income of $78.7 million or $0.39 per diluted share in Q2 2012. Steve Sanghi, President and CEO of Microchip Technology, said, "Our actual net sales exceeded the high end of our upwardly revised guidance we provided on June 3, 2013. We also significantly exceeded the high end of our upwardly revised gross margin guidance and improved our gross margin percentage by 163 basis points sequentially. Our non-GAAP operating profit reached 30.5% in the June quarter and we are making good progress towards our long-term goal of 32.5%. Our non-GAAP earnings per share exceeded the mid-point of our original guidance given on May 2, 2013 by 5 cents per share." The Full Research Report on Microchip 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/a8bd_MCHP]

--

NXP Semiconductors NV Research Report

On July 31, 2013, NXP Semiconductors NV (NXP Semiconductors) reported its Q2 2013 financial results. Revenue increased 8.6% YoY to $1.2 billion. Net income attributable to stockholders was $111 million or $0.43 per diluted share in Q2 2013, compared to net loss attributable to stockholders of $90 million or $0.36 per diluted share in Q2 2012. Richard Clemmer, NXP CEO, said, "Our revenue results for the second quarter of 2013 came in at the higher end of our guidance, as NXP delivered Product revenue of $1,159 million, a ten percent sequential increase, and a twelve percent increase from the comparable year ago period." He added, "Our focus continues to be delivering top-line growth in excess of our peers, while delivering best in class operating profitability. The overall performance of HPMS is very good, with operating margin solidly within our long-term target, and we are comfortable delivering on our intermediate profitability goals. Our strategy of providing unique and differentiated product solutions continues to resonate with our customers, and should result in continued long-term growth in excess of the overall end market." The Company expects Q3 2013 revenue to be within $1.2 billion to $1.3 billion.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]

----

EDITOR NOTES:

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
5. For any urgent concerns or inquiries, please contact us at [email protected].
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

SOURCE Analysts' Corner