Semiconductor Companies Report Financial Results and Product Launches - Research Report on NVIDIA, SunEdison, LSI, Diodes, and Vishay
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NEW YORK, August 14, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting NVIDIA Corporation (NASDAQ: NVDA), SunEdison, Inc. (NYSE: SUNE), LSI Corporation (NASDAQ: LSI), Diodes Incorporated (NASDAQ: DIOD), and Vishay Intertechnology Inc. (NYSE: VSH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
NVIDIA Corporation Research Report
On August 8, 2013, NVIDIA Corporation (NVIDIA) released its financial results for Q2 FY 2014 (period ended July 28, 2013). On a GAAP basis, revenue was up 2.4% QoQ and down 6.4% YoY to $977.2 million. Gross margin stood at 55.8% in Q2 FY2014 compared to 51.8% in Q2 FY 2013.Net income was $96.4 million, or $0.16 earnings per share, in Q2 FY2014, compared to net income of $119 million, or $0.19 earnings per share, in Q2 FY 2013, and $77.9 million, or $0.13 earnings per share, in Q1 FY 2014. Jen-Hsun Huang, President and Chief Executive Officer of NVIDIA said, "We look forward to a strong second half, with new Tegra 4 devices coming to market, SHIELD moving beyond the U.S. and broader sampling of Project Logan, our next-generation Tegra processor, which brings Kepler, the world's most advanced GPU, to mobile." NVIDIA stated that it expects Q3 FY 2014 revenue at $1.1 billion, plus or minus two percent a, gross margins to be flat at 56% and capital expenditures to be in the range of $60 million to $70 million. The Full Research Report on NVIDIA Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-12/NVDA]
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SunEdison, Inc. Research Report
On August 7, 2013, SunEdison, Inc. (SunEdison) reported its Q2 2013 financial results. On a GAAP basis, net sales were down 50.4% YoY and down 9.5% QoQ to $401.3 million during the quarter. Q2 2013 net sales from Semiconductor materials stood at $239 million, up 4% QoQ, and Q2 2013 Non-GAAP sales from Solar energy stood at $252.6million, up 25.4% QoQ. Net loss was $102.9 million, or $0.45 per diluted share, in Q2 2013, compared to $77.2 million, or $0.33 per diluted share, in Q2 2012, and $89.4 million, or $0.40 per diluted share, in Q1 2013. SunEdison stated that the Company's free cash flow was $4.4 million in Q2 2013 compared to $114.2 million in Q2 2012. Commenting on the results, Ahmad Chatila, Chief Executive Officer of SunEdison stated, "Business conditions in the second quarter remained challenging, but I am optimistic regarding our prospects for growth through the remainder of this year and into next." For full year 2013, SunEdison expects net sales from Semiconductor materials to be within $940 million to $980 million and Non-GAAP sales volume from Solar energy between 430MW and 500MW, and total solar energy systems average project pricing between $3.10/watt and $3.40/watt. The Full Research Report on SunEdison, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-12/SUNE]
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LSI Corporation Research Report
On July 24, 2013, LSI Corporation (LSI) released its financial results for Q2 2013. Revenues were down 10.6% YoY and up 3.7% QoQ to $589.6 million during the quarter. Net income was $24.6 million, or $0.04 per diluted share, in Q2 2013, compared to $58.7 million, or $0.10 per diluted share, in Q2 2012. The Company expects Q3 2013 GAAP revenues to be within the $590 million to $630 million range, gross margin to be at 49% to 53%, and net income per share to be within $0.01 to $0.11. According to Bryon Look, LSI's CFO, "We are generating cash and healthy gross margins, while carefully managing spending in what continues to be an uncertain external environment. The dividend we announced today, coupled with our ongoing share buyback program, further demonstrates our confidence and continued commitment to shareholder return." The Full Research Report on LSI Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-12/LSI]
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Diodes Incorporated Research Report
On August 7, 2013, Diodes Incorporated (Diodes) released its Q2 2013 financial results with net sales up 34.6% YoY to $214.4 million. GAAP gross margin stood at 28.6% compared to 25.8% in Q2 2012. Net income (attributable to common stockholders) was $8.6 million, or earnings of $0.18 per diluted share, in Q2 2013, compared to $6.7 million, or earnings of $0.14 per diluted share, in Q2 2012. According to Dr. Keh-Shew Lu, President and CEO of Diodes, "As we look to the third quarter of 2013, we expect continued revenue growth with revenue ranging between $220 million and $230 million, or up 3 to 7 percent sequentially. We expect GAAP gross margin to be 30.3 percent, plus or minus 2 percent." The Full Research Report on Diodes Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-12/DIOD]
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Vishay Intertechnology Inc. Research Report
On August 9, 2013, Vishay Intertechnology Inc. (Vishay) announced that it has expanded its optoelectronics portfolio with the addition of new high-speed photo detectors in miniature gullwing, reverse gullwing and side-view packages with wide view dome lenses. Vishay also stated that the newly launched photo detectors will be used as photo interrupters, detectors for optical switches, counters, encoders, position sensors, and for IR remote control and data transmission in automotive applications, infrared (IR) touch panels, light curtains and barriers, and metering systems. The Full Research Report on Vishay Intertechnology Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-12/VSH]
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