Strong Demand for Semiconductors Boosts Revenues and Expectations - Research Report on Broadcom, TSMC, Xilinx, Skyworks, and RFMD

News provided by

Jul 26, 2013, 08:00 ET

NEW YORK, July 26, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts Corner announced new research reports highlighting Broadcom Corp. (NASDAQ: BRCM), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Xilinx Inc. (NASDAQ: XLNX), Skyworks Solutions Inc. (NASDAQ: SWKS), and RF Micro Devices Inc. (NASDAQ: RFMD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Broadcom Corp. Research Report

On July 23, 2013, Broadcom Corp. (Broadcom) released its Q2 2013 financial results. Total net revenues were up 6.0% YoY to approximately $2.1 billion. Product revenue was up 6.2% YoY to approximately $2 billion, while income from Qualcomm Agreement was down 10.4% YoY to $43 million. Further, the Company's licensing revenue was up 100% YoY to $12 million. Broadcom incurred a net loss of $251 million or $0.43 per diluted share, compared to a net income of $160 million or $0.28 per diluted share in Q2 2012. Scott McGregor, President and CEO of Broadcom, stated, "Broadcom delivered solid revenue and gross margins in Q2 with tightly managed sequential growth in operating expenses." He continued, "Looking forward, we see continued growth driven by our industry leading portfolio of wired and wireless communication platforms." The Company expects its Q3 2013 total net revenue to be between $2.1 billion and $2.2 billion. The Full Research Report on Broadcom Corp. - 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/496f_BRCM]

Taiwan Semiconductor Manufacturing Company Limited Research Report

On July 18, 2013, Taiwan Semiconductor Manufacturing Company Limited (TSMC) released its Q2 2013 results. Revenues were up 21.6% YoY to NT$155.9 billion. Net income was up 23.8% YoY to NT$51.8 billion. The Company reported EPS of NT$2.00, compared to EPS of NT$ 1.61 in Q2 2012. Lora Ho, Senior Vice President and CFO of TSMC, said, "Due to the strong demand for our advanced technologies, we have enjoyed a record quarter of both revenue and net income in the second quarter. While we continue to expect the demand for our advanced technologies to grow strongly, we expect the IC supply chain to begin managing inventories in the second half of this year, which will moderate somewhat the overall demand for our wafers. Based on our current business outlook and exchange rate assumption of 1 US dollar to 29.83 NT dollars, management expects overall performance for third quarter 2013 to be as follows: revenue is expected to be between NT$161 billion and NT$164 billion; gross profit margin is expected to be between 47% and 49%; and operating profit margin is expected to be between 35% and 37%." The Full Research Report on Taiwan Semiconductor Manufacturing Company Limited - 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/4a57_TSM]

Xilinx Inc. Research Report

On July 17, 2013, Xilinx Inc. (Xilinx) released its Q1 FY 2014 financial results (period ended June 29, 2013). Net Revenues of $579 million were down 0.7% YoY and up 8.8% QoQ. Net income of $157 million was up 21% YoY and 20.2% QoQ. Further, the Company reported diluted EPS of $0.56, which was up 19.1% both YoY and QoQ. Moshe Gavrielov, President and CEO of Xilinx, commented, "The June quarter was exceptional on many fronts. Better than expected sales during the quarter were driven by broad-based end market strength, with particularly strong growth from wired communications and aerospace and defense applications. Gross margin was 69% in the quarter, up from 66% in prior quarter. Operating margin of 33% was up from 28% in the prior quarter." Xilinx expects its Q2 FY 2014 sales growth to be flat to up 3% QoQ. The Full Research Report on Xilinx 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/ba84_XLNX]

Skyworks Solutions Inc. Research Report

On July 18, 2013, Skyworks Solutions Inc. (Skyworks) released its Q3 FY 2013 results (period ended June 28, 2013). Revenues were up 12.1% YoY to $436.1 million. Net income was up 33.3% YoY to $65.7 million and diluted EPS was up 30.8% YoY to $0.34. David J. Aldrich, President and CEO of Skyworks, said, "Skyworks' outperformance and outlook for sustainable above market growth reflects our progress towards becoming a highly diversified analog semiconductor market leader." Donald W. Palette, Vice President and CFO of Skyworks, added, "Given new program launches and an expanding product pipeline, we expect a strong second half to 2013." The Full Research Report on Skyworks Solutions 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/b358_SWKS]

RF Micro Devices Inc. Research Report

On July 23, 2013, RF Micro Devices Inc. (RFMD) released its Q1 FY 2014 financial results (period ended June 29, 2013). Revenue was up 44.5% YoY to a record $293.0 million, primarily attributable to broad-based adoption of RFMD's best-in-class RF solutions. Net income was $1.6 million, compared to a net loss of $19.1 million Q1 FY 2013. Diluted earnings were $0.01 per share, compared to a loss of $0.07 per share in Q1 FY 2013. Bob Bruggeworth, President and CEO of RFMD, stated, "Looking forward, we believe we are strategically well positioned this fiscal year to deliver record revenue and improving financial performance, given our expectations for diversification, content growth, category expansion, and market share gains, combined with the benefit of new customer product ramps." The Full Research Report on RF Micro Devices 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/7d81_RFMD]

----

EDITOR NOTES:

This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
For any urgent concerns or inquiries, please contact us at [email protected].
Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

http://AnalystsCorner.com

SOURCE Analysts' Corner