NEW YORK, July 28, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Xilinx, Inc. (NASDAQ: XLNX), Broadcom Corporation (NASDAQ: BRCM), Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE: TSM), Fairchild Semiconductor International, Inc. (NASDAQ: FCS) and Amkor Technology, Inc. (NASDAQ: AMKR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5149-100free.
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Xilinx, Inc. Research Reports
On July 22, 2014, Xilinx, Inc. (Xilinx) reported financial results for Q1 FY 2015 (period ended June 28, 2014). In Q1 FY 2015, the Company generated net revenues of $612.6 million, up 5.8% YoY. Q1 FY 2015 net income was $173.6 million, or $0.62 per diluted share, compared with $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, President and CEO of Xilinx. "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." The full research reports on Xilinx are available to download free of charge at:
http://www.analystsreview.com/Jul-28-2014/XLNX/report.pdf
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Broadcom Corporation Research Reports
On July 22, 2014, Broadcom Corporation (Broadcom) reported Q2 2014 financial results. In Q2 2014, the Company's net revenue was down 2.3% YoY to $2.04 billion. Q2 2014 GAAP net loss was $1 million, compared with GAAP net loss of $251 million in Q2 2013. For Q3 2014, Broadcom expects total GAAP revenue of $2.10 billion to $2.25 billion. The Company expects a decline in Research & development and selling, general, and administrative expenses - GAAP and Non-GAAP - of $40 million to $60 million as compared to Q2 2014. Scott McGregor, Broadcom's President and CEO, said, "We recently made the difficult, but prudent decision to wind down our cellular baseband business and focus on the Broadband, Connectivity and Infrastructure markets. As a result, we will be a stronger company, as gross margins, profitability and cash flows will noticeably improve, providing an opportunity to return more capital to our shareholders." The full research reports on Broadcom are available to download free of charge at:
http://www.analystsreview.com/Jul-28-2014/BRCM/report.pdf
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Taiwan Semiconductor Manufacturing Co., Ltd. Research Reports
On July 16, 2014, Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) reported Q2 2014 financial results. In Q2 2014, the Company posted consolidated revenue of NT$183.0 billion, up 17.4% YoY. Q2 2014 net income was NT$59.7 billion, or NT$2.30 per share, compared with NT$51.8 billion, or NT$2.00 per share, in Q2 2013. "In the second quarter, we saw strength of demand for our wafers across all segments, while our 28-nanometer technology business grew more than 30% from the previous quarter to account for 37 percent of our total wafer sales" said Lora Ho, SVP and CFO of TSMC. "While we expect the strong demand for our wafers to continue, the new technology node, our 20-nanometer System-on-Chip, has begun volume shipments and is expected to account for about 10 percent of our wafer revenue in the third quarter." For Q3 2014, the Company expects revenue of NT$206 billion to NT$209 billion. The full research reports on TSMC are available to download free of charge at:
http://www.analystsreview.com/Jul-28-2014/TSM/report.pdf
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Fairchild Semiconductor International, Inc. Research Reports
On July 17, 2014, Fairchild Semiconductor International, Inc. (Fairchild) reported financial results for Q2 FY 2014 (period ended June 29, 2014). In Q2 FY 2014, the Company's sales were $371.6 million, up 4.2% YoY. Q2 FY 2014 net income was $17.8 million, or $0.14 per diluted share, compared with a net loss of $7.5 million, or $0.06 loss per diluted share, in Q2 FY 2013. "We expect sales to be in the range of $370 to $385 million for the third quarter," said Mark Frey, Executive Vice President and CFO of Fairchild, commenting on the outlook. "We expect adjusted gross margin to be 34.0 to 35.0 percent due primarily to higher sales and factory loadings as well as improved product mix. We anticipate R&D and SG&A spending to be $97 to $99 million due to higher variable compensation expenses and lack of the one-time cost benefit in the prior quarter offset by seasonal spending reductions. The adjusted tax rate is forecast at 15 percent plus or minus 3 percentage points for the quarter." The full research reports on Fairchild are available to download free of charge at:
http://www.analystsreview.com/Jul-28-2014/FCS/report.pdf
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Amkor Technology, Inc. Research Reports
On July 21, 2014, Amkor Technology, Inc. (Amkor) announced that it will release its Q2 2014 financial results on July 28, 2014, after the close of trading on the NASDAQ Global Select Market. On the same day, the Company has scheduled a conference call at 5:00 p.m. ET to discuss the results. The full research reports on Amkor are available to download free of charge at:
http://www.analystsreview.com/Jul-28-2014/AMKR/report.pdf
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