Dividends and Mixed Quarterly Results for Semiconductor Broad Line Companies - Research Report on Intel, Maxim Integrated, Freescale Semiconductor, Mellanox Technologies, and AFOP

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Jul 31, 2013, 08:00 ET

NEW YORK, July 31, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Intel Corporation (NASDAQ: INTC), Maxim Integrated Products, Inc. (NASDAQ: MXIM), Freescale Semiconductor, Ltd. (NYSE: FSL), Mellanox Technologies, Ltd. (NASDAQ: MLNX), and Alliance Fiber Optic Products Inc. (NASDAQ: AFOP). 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 July 25, 2013, Intel Corporation (Intel) announced that its Board of Directors has declared a quarterly dividend of $0.23 per share. Intel reported that the dividend is $0.90 per common share on an annual basis. The dividend is payable on September 1, 2013 to shareholders of record as of August 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.AnalystsCorner.com/r/full_research_report/3f94_INTC]

Maxim Integrated Products, Inc. Research Report

On July 25, 2013, Maxim Integrated Products, Inc. (Maxim Integrated) released its Q4 FY 2013 and full-year FY 2013 financial results (period ended June 29, 2013). Revenues were up 0.5% YoY to $608.2 million in Q4 FY 2013 and up 1.6% YoY to $2.4 billion in full-year FY 2013. Net income was up 7.6% YoY to $119 million in Q4 FY 2013 and up 17.6% YoY to $454.9 million in full-year FY 2013. Diluted earnings per share were up 8.1% YoY to $0.40 in Q4 FY 2013 and up 17.8% YoY to $1.52 in full-year FY 2013. Tunc Doluca, President and CEO of Maxim Integrated commented, "We are disappointed by the weakness in end market demand for our smartphone products which resulted in revenue and earnings below expectations. This was partially offset by revenue growth in 22 of the 24 market segments that we address. We continue to generate strong profits and cash flow, and we are confident in our strategy and long-term business model as demonstrated by the increase in our dividend and share repurchases." 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.AnalystsCorner.com/r/full_research_report/a8f1_MXIM]

Freescale Semiconductor, Ltd. Research Report

On July 25, 2013, Freescale Semiconductor, Ltd. (Freescale Semiconductor) released its Q2 FY 2013 financial results (period ended June 28, 2013). Net sales increased 0.9% YoY to $1.0 billion. Net loss was $65 million, compared to a net loss of $34 million in Q2 FY 2012. During the quarter, loss was $0.25 per diluted share, compared to a loss of $0.14 per diluted share in Q2 FY 2012. Gregg Lowe, President and CEO of Freescale Semiconductor, said, "Our overall financial results continued to improve both sequentially and year over year." Lowe continued, "Revenues, operating earnings and adjusted earnings per share all continued to grow and while we are still early into implementing our new strategy, we do see some signs of good progress." Freescale Semiconductor expects Q3 FY 2013 net sales to be in the range of $1.05 billion to $1.09 billion. It also expects gross margins to grow by approximately 75 to 100 basis points on a sequential basis. The Full Research Report on Freescale Semiconductor, Ltd. - 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/45b4_FSL]

Mellanox Technologies, Ltd. Research Report

On July 24, 2013, Mellanox Technologies, Ltd. (Mellanox Technologies) released its Q2 2013 financial results. Revenues were down 26.5% YoY to $98.2 million. Net loss was $1.7 million, or $0.04 per diluted share, compared to a net income of $32.1 million, or $0.74 per diluted share in Q2 2012. For H1 2013, revenues were down 18.4% YoY to $181.2 million. Net loss in H1 2013 was $10.2 million, or $ 0.24 per diluted share, compared to a net income of $44.5 million, or $1.04 per diluted share during H1 2012. Eyal Waldman, Mellanox Technologies President and CEO, stated, "We are pleased with our Q2 results. We see growth in the demand of our InfiniBand and Ethernet products. We increased our Ethernet top-of-rack switch system revenue by 81 percent sequentially, and, although off of a small base, we believe this indicates our growth opportunity once we have all the building blocks required for the various markets we serve." The Full Research Report on Mellanox Technologies, Ltd. - 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/42af_MLNX]

Alliance Fiber Optic Products Inc. Research Report

On July 23, 2013, Alliance Fiber Optic Products Inc. (AFOP) released its Q2 2013 financial results. Revenues were up 65.2% YoY to $19 million. Net income was up 247.6% YoY to $4.3 million. Diluted EPS was up 235.7% YoY to $0.47. For H1 2013, revenues were up 41.4% YoY to $31.2 million. Net income was up 184.8% YoY to $6.1 million, whereas diluted EPS was up 183.3% YoY to $0.68 during H1 2013. Peter Chang, President and CEO of AFOP, said, "We are very pleased with the exceptional financial performance and progress AFOP made in the quarter ended June 30, 2013. With excellent efforts by our Asia operations, we managed unexpected demand increases and delivered much higher than originally guided quarterly revenues. With our focus on operational excellence, we continued to improve gross margins to a record level above 38%, which resulted in a 132% increase in profits based on our 57% revenue growth from the previous quarter." The Full Research Report on Alliance Fiber Optic Products 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/22f0_AFOP]

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