Dividend, Extended Tender Offer Expiration Date, Sale and Leaseback of Facility, Guidance Update, and Global Expansion - Research Report on Intel, Maxim, AMD, Cypress, and NXP Semiconductors
NEW YORK, October 1, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Intel Corporation (NASDAQ: INTC), Maxim Integrated Products, Inc. (NASDAQ: MXIM), Advanced Micro Devices, Inc. (NYSE: AMD), Cypress Semiconductor Corporation (NASDAQ: CY), and NXP Semiconductors N.V. (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.
Intel Corporation Research Report
On September 25, 2013, Intel Corporation (Intel) announced that its Board of Directors has declared a quarterly dividend of $0.23 per share ($0.90 per share on an annual basis) on the Company's common stock. According to the Company, the dividend will be payable on December 1, 2013, to stockholders of record as of November 7, 2013. The Full Research Report on Intel Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-26/INTC]
Maxim Integrated Products, Inc. Research Report
On September 23, 2013, Maxim Integrated Products, Inc. (Maxim) announced that it has extended by one day the expiration date of the tender offer by its wholly owned subsidiary, Victory Merger Sub, Inc., to purchase all of the outstanding shares of Volterra Semiconductor Corporation for a price of $23 per share in cash, without interest. The Company informed that the tender offer and withdrawal rights have been extended and will now expire on Tuesday, October 1, 2013 at 9:00 a.m., New York City time. The Full Research Report on Maxim Integrated Products, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-27/MXIM]
Advanced Micro Devices, Inc. Research Report
On September 26, 2013, Advanced Micro Devices, Inc. (AMD) announced that its subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. (AMD Singapore), has completed a transaction to sell and lease-back its Singapore facility to HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT). The Company informed that the transaction generated proceeds of $46 million (c.SGD59 million) net of all fees, and it will record a gain of c.$16 million in relation to the transaction in Q3 2013. AMD added that AMD Singapore will continue its operations in a portion of the Singapore facility and has initiated a 10-year lease agreement with Sabana REIT with extension options. According to the Company, sale transaction of AMD's Singapore facility has been conducted, keeping in mind, AMD's strategy to reduce investments and capital in non-core parts of the business, including real estate.The Full Research Report on Advanced Micro Devices, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-27/AMD]
Cypress Semiconductor Corporation Research Report
On September 24, 2013, Cypress Semiconductor Corporation (Cypress) provided an update on its Q3 2013 guidance, as well as preliminary guidance on Q4 2013 business trends. According to the Company, it has lowered its expected preliminary Q3 2013 consolidated revenue guidance, to range between $184 million and $187 million, and has also lowered the range of its non-GAAP fully diluted earnings per share to $0.10 per share and $0.12 per share. On the other hand, Cypress anticipates its Q4 2013 revenue to be down 9% to 11% QoQ. Brad Buss, Executive Vice President and CFO of Cypress said, "We are very disappointed to have to revise our prior guidance. However, the revenue weakness is mostly specific to certain end customer challenges in the mobile handset markets and is not a broad-based customer weakness. As revenue growth resumes, and with continued proactive cost management, we expect that we will be in a position to significantly increase the financial leverage in our operating model." The Full Research Report on Cypress Semiconductor Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-27/CY]
NXP Semiconductors N.V. Research Report
On September 26, 2013, NXP Semiconductors N.V. (NXP) announced that it has empowered its presence in Asia by establishing its Global Headquarters for Standard Products, Global Headquarters for Operations and ASEAN Headquarters for Sales & Marketing, in Singapore. Rick Clemmer, President and CEO of NXP, said, "Our customers are our first priority, and with a majority based in Asia, this move will facilitate closer collaboration with them and help us to better understand their challenges and priorities. From an innovation point of view, Asia is currently experiencing unprecedented growth in the design and manufacturing of semiconductor solutions, and with key business unit headquarters in Singapore, we have the ability to develop new relationships with technology partners that can benefit NXP on a global level." Further, the Company announced that it will increase its investments by SGD20 million in R&D, in addition to a SGD125 million capex investment over the coming years to upgrade the manufacturing capabilities for new technologies developed at Systems on Silicon Manufacturing Company Pte. Ltd. (SSMC), a joint venture of NXP and Taiwan Semiconductor Manufacturing Company Ltd (TSMC). The Full Research Report on NXP Semiconductors N.V. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-27/NXPI]
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