Launch of Industry-Firsts Devices, Amended Dividend Policies, Proposal Letters, and Quarterly Financial Results - Analyst Notes on Broadcom, Skyworks, Montage Technology, TriQuint, and OmniVision
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NEW YORK, March 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Broadcom Corporation (NASDAQ: BRCM), Skyworks Solutions, Inc. (NASDAQ: SWKS), Montage Technology Group Limited (NASDAQ: MONT), TriQuint Semiconductor, Inc. (NASDAQ: TQNT), and OmniVision Technologies, Inc. (NASDAQ: OVTI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Broadcom Corporation Analyst Notes
On March 10, 2014, Broadcom Corporation (Broadcom) announced the industry's first IEEE 802.3bj compliant physical layer devices (Lite-PHYs), designed for the next generation 100G datacenter and enterprise front panel and backplane interconnect applications. The Company informed that the IEEE802.3bj was developed in response to the rapid growth of server, network, and internet traffic, meeting the need for higher data rates over backplanes and copper cables for 100 Gbps throughput. "Broadcom's latest Lite-PHY devices pave the way for the development of 100 Gbps switches that support the high speed requirements of the most technologically-advanced cloud and mobility infrastructure environments as well as rich video content," said Lorenzo Longo, Vice President and General Manager of Physical Layer Products at Broadcom. "Our 802.3bj compliant Lite-PHYs enable OEMS and carriers to meet ever increasing traffic requirements by providing the needed performance and low power efficiency." The full analyst notes on Broadcom Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03132014/BRCM/report.pdf
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Skyworks Solutions, Inc. Analyst Notes
On March 3, 2014, Skyworks Solutions, Inc. (Skyworks) announced that its Board of Directors has adopted a dividend policy pursuant to which the Company intends to pay quarterly cash dividends on its common stock. Skyworks informed that it intends to initiate a quarterly dividend of $0.11 per share sometime in Q3 FY 2014, which begins on April 1, 2014, subject to declaration by the Board. Explaining the decision, Donald W. Palette, Vice President and CFO of Skyworks said, "Initiating a dividend, coupled with our existing stock repurchase program, enables us to return additional free cash flow to shareholders. Most importantly, our stock repurchase program and dividend plans reflect that we are extremely confident in our future and expect strong top and bottom line growth going forward." The full analyst notes on Skyworks Solutions, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/SWKS/report.pdf
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Montage Technology Group Limited Analyst Notes
On March 10, 2014, Montage Technology Group Limited (Montage Technology) announced that its Board of Directors has received a preliminary non-binding proposal letter, dated March 10, 2014, from Shanghai Pudong Science and Technology Investment Co., Ltd. (PDSTI). According to the proposal letter, PDSTI has offered to acquire all of Montage Technology's outstanding ordinary shares at a price of $21.50 in cash per ordinary share. The Company notified that the Board is reviewing and evaluating PDSTI's proposal and no decision has yet been made regarding the Company's response to the proposal. The full analyst notes on Montage Technology Group Limited are available to download free of charge at:
http://www.AnalystsReview.com/03132014/MONT/report.pdf
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TriQuint Semiconductor, Inc. Analyst Notes
On March 11, 2014, TriQuint Semiconductor, Inc. (TriQuint) announced that its Spatium technology is able to achieve unprecedented levels of Ka-Band solid state power, bandwidth, and efficiency, providing greater broadband capacity and opening up new satellite possibilities. The announcement was made at the Satellite 2014 event. "With Spatium, TriQuint is advancing the use of GaN technology in a broad range of radar, electronic warfare and communication applications," said James Klein, Vice President of TriQuint Infrastructure and Defense Products. "Notably, TriQuint's Spatium technology has eclipsed historical industry performance levels by a significant margin, providing exactly what the rapidly growing Ka-band satellite market needs." The full analyst notes on TriQuint Semiconductor, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/TQNT/report.pdf
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OmniVision Technologies, Inc. Analyst Notes
On February 27, 2014, OmniVision Technologies, Inc. (OmniVision) reported financial results for Q3 FY 2014 (period ended January 31, 2014). In Q3 FY 2014, the Company's revenues totalled $352.0 million, reflecting a decline of 16.9% YoY. Quarterly net income was $30.6 million, or $0.54 per diluted share, compared to $21.3 million, or $0.40 per diluted share, in Q3 FY 2013. "Our third quarter performance was better than we expected, and we continued to report improvements on multiple financial metrics, including gross margin and cash position," said Shaw Hong, CEO of OmniVision. "Our flagship PureCel sensors are gaining traction in the market. PureCel sensors have significantly better pixel performance, lower power consumption, and an attractive cost structure. We are very excited about our new product lineup." The full analyst notes on OmniVision Technologies, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/OVTI/report.pdf
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