Intel and Freescale Semiconductor on the Upswing as Semiconductor Outlook Brightens
Five Star Equities Provides Stock Research on Intel and Freescale Semiconductor
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/09/12 -- The Semiconductor Industry rallied last week after recent reports provided a positive outlook for the industry. Stocks received a boost Tuesday after Goldman Sachs raised its rating from "neutral" to "attractive" for the group. The Philadelphia Semiconductor Index (SOX) surged over 2 percent Tuesday. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Intel Corp. (NASDAQ: INTC) and Freescale Semiconductor Ltd. (NYSE: FSL).
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The Semiconductor Industry Association (SIA) last Friday reported that worldwide chip sales total $24.4 billion for the month of June, a 2 percent decrease from a year ago. On the positive side, the drop was the smallest year-over-year decrease since October 2011. International Data Corporation in an update of the Semiconductor Applications Forecaster (SAF) forecasts that worldwide semiconductor revenues will increase 4.6 percent in 2012 to $315 billion.
"The semiconductor industry continues to navigate the turbulent global economy better than most sectors," SIA President Brian Toohey said. "But macroeconomic uncertainties are limiting overall recovery and growth."
Five Star Equities releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Intel reported second quarter revenues of $13.5 billion, operating income of $3.8 billion, net income of $2.8 billion and EPS of $0.54. "The second quarter was highlighted by solid execution with continued strength in the data center and multiple product introductions in Ultrabooks and smartphones," said Paul Otellini, Intel president and CEO.
Freescale Semiconductor is a global leader in embedded processing solutions, providing industry leading products that are advancing the automotive, consumer, industrial and networking markets. Shares of Freescale surged over 8 percent Tuesday after Goldman analysts upgraded the company.
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Datum: 09.08.2012 - 12:20 Uhr
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