CHICAGO, Feb. 2, 2012 /PRNewswire/ -- Today, Zacks Equity Research discusses the Semiconductors, including Intel Corp (Nasdaq: INTC), Texas Instruments (Nasdaq: TXN), Qualcomm (Nasdaq: QCOM) and STMicroelectronics (NYSE: STM).
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
A synopsis of today's Industry Outlook is presented below. The full article can be read at
http://www.zacks.com/stock/news/68893/Semiconductor+Stock+Outlook+-+Feb.+2012
We see continued inventory rebalancing over the next few months, which will negatively impact suppliers to the computing market. Additionally, cannibalization of traditional computing devices should continue through the year. Therefore, this end-market will have a significant negative impact on the industry. Consumer devices, such as TVs will be another area of softness.
However, other consumer devices, such as tablets and smartphones, will consume a large number of ICs. The automotive market will be a positive force this year.
Memory manufacturers should do well again this year, although it will continue to be a difficult year for DRAM (currently in oversupply). Logic should do well.
Ever Smaller & More Powerful Major Players Chip-makers Intel Corp INTC Texas Instruments TXNRenesas remained at number 5, followed by Qualcomm (Nasdaq: QCOM ), which moved up from the ninth position in 2010.
STMicroelectronics (NYSE: STM) remained at number 7.
Equipment
Gartner estimates that semiconductor equipment sales by the top ten suppliers increased 2% in 2010, following a 38% decline in 2009, accounting for 63.4% of total equipment sales. The overall equipment market is estimated to have increased 143% to around $41 billion in 2010. Automated test equipment (ATE) was the strongest segment (up 149%), wafer fab equipment (WFE) was close behind with a growth rate of 145%, while packaging assembly equipment (PAE) was third, having grown 127%.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2679.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment
Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4581.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com
SOURCE Zacks Investment Research, Inc.
Share this article