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 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]
--
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]
--
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]
--
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]
--
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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