Financial Results, Ultra-Low Power IP Subsystem Launch, and System Sale Deal - Research Report on Microsemi, Lam Research, IPG Photonics, Synopsys, and Veeco Instruments

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Aug 13, 2013, 08:00 ET

NEW YORK, August 13, 2013 /PRNewswire/ --

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Today, Investors' Reports announced new research reports highlighting Microsemi Corp. (NASDAQ: MSCC), Lam Research Corporation (NYSE: LRCX), IPG Photonics Corporation (NASDAQ: IPGP), Synopsys Inc. (NASDAQ: SNPS), and Veeco Instruments Inc. (NASDAQ: VECO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Microsemi Corp. Research Report

On July 25, 2013, Microsemi Corp. (Microsemi) announced unaudited results for Q3 FY 2013 (period ended June 30, 2013), posting net sales amounting to $242.6 million, up 3.1% QoQ. GAAP gross margin totaled 57%, improving 30bps QoQ, and 120bps YoY. James J. Peterson, President and CEO of Microsemi commented, "We reported solid results for the June quarter, with increased revenue and improved operating metrics. Profitability benefited from our continued diligence in executing cost control measures, our operating cash flow for the quarter exceeded $52 million and we saw a number of significant design win successes as customers increasingly rely on Microsemi as their total solution provider. We remain confident our overall strategy continues to bring benefit to our shareholders." The Full Research Report on Microsemi Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-01/MSCC ]

Lam Research Corporation Research Report

On July 31, 2013, Lam Research Corporation, (Lam Research) reported financial results for Q4 FY 2013 (period ended June 30, 2013). The Company's consolidated revenue totaled $986.2 million, up 32.9% YoY, while gross margin stood at $413.9 million, up 38.8% YoY, during the quarter. Net income amounted to $85.7 million or $0.50 per diluted share, in Q4 FY 2013, up compared to net income of $18.1 million or $0.13 per diluted share, in Q4 FY 2012. Martin Anstice, President and CEO commented, "Lam Research had a very strong June 2013 quarter, achieving record shipments and revenue and delivering EPS performance that exceeded our guidance range. Our results underscore our strong operational execution and commitment to invest strategically to address our customers' most critical problems and further strengthen our competitive positions. We believe we will benefit from market expansion opportunities and that our focus on technology and productivity innovation positions us well for next-generation technology inflections and investments planned by our customers." The Full Research Report on Lam Research Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-01/LRCX]

IPG Photonics Corporation Research Report

On July 30, 2013, IPG Photonics Corporation (IPG Photonics) announced financial results for Q2 2013 with revenues of $168.2 million, up 22.0% YoY. Net income attributable to IPG Photonics was $41.7 million or $0.80 per diluted share in Q2 2013, compared to $37.7 million or $0.72 per diluted share in Q2 2012. Dr. Valentin Gapontsev, IPG Photonics' CEO, shared, "Strong demand for IPG's high-power lasers for materials processing applications, particularly in Asia and the U.S., drove a 22% year-over-year sales increase during the second quarter. Gross margins of 53.5% were within our target range and net income increased 11%. The strong revenue growth during the quarter further demonstrates the increasing adoption rate of fiber laser technologies for various applications. Excluding foreign exchange rate gains, operating income grew by 12.6%. While this was lower than the growth in revenue, it reflects our investment in operating expenses to support IPG's future growth." The Full Research Report on IPG Photonics Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-01/IPGP]

Synopsys Inc. Research Report

On July 30, 2013, Synopsys Inc. (Synopsys) reported the launch of the new DesignWare Sensor IP Subsystem, a comprehensive and integrated hardware and software solution for sensor control applications. The latest IP subsystem was streamlined to process data from digital and analog sensors, offloading the host processor and enabling more efficient processing of the sensor data with ultra-low power. Commenting on the launch, Tony Massimini, Chief of Technology at Semico Research, a semiconductor marketing & consulting research firm, said, "The total number of sensor units is estimated to grow from just under 10 billion in 2012 to nearly 30 billion in 2017. As more semiconductor suppliers integrate sensor interfaces into their SoCs, the use of sensor IP subsystems such as Synopsys' DesignWare Sensor IP Subsystem will significantly reduce their integration effort and cost." The Full Research Report on Synopsys Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-01/SNPS]

Veeco Instruments Inc. Research Report

On July 30, 2013, Veeco Instruments Inc. (Veeco Instruments) announced the sale of an additional Veeco SPECTOR Ion Beam Deposition (IBD) System to Evaporated Coatings, Inc. (ECI), a leading provider of thin film optical coatings. Robert Schaffer, President of ECI, said, "Our strategy is to continue to develop and manufacture high quality, innovative optical custom filter coatings with low optical loss. We have been SPECTOR users for many years, and the systems consistently deliver excellent film quality. It made sense to expand our production with Veeco, and I am confident the SPECTOR will continue to give ECI a distinct advantage." Jim Northup, Veeco's Vice President and General Manager, added, "We are pleased that ECI has again chosen the SPECTOR for their manufacturing ramp. It is further confirmation that Veeco's IBD technology is the industry's top choice for low loss optical thin film device fabrication." The Full Research Report on Veeco Instruments Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-01/VECO]

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