Posts Tagged ‘semiconductor’

Avago Technologies Limited (AVGO) posts strong Q3 results, stock spikes

Wednesday, August 24th, 2011

Avago Technologies Limited (Nasdaq : AVGO) shares raced ahead 8.9% to $31.87 Wednesday, a day after announcing strong third-quarter results. Volume for the stock topped 3.3 million, already surpassing its daily average of 2.7 million.

A news release issued August 23 pointed to net revenue of $603 million, an increase of 10% from the same quarter last year.

Gross margin was $297 million, or 49.3% of net revenue. This compares with gross margin of $263 million, or 47.8% of net revenue in the same quarter last year.

Third quarter net income was $144 million, or $0.57 per diluted share. This compares with net income of $123 million, or $0.50 per diluted share in the same quarter last year.

The same release quoted Avago CEO Hock Tan as saying, “During the third quarter of fiscal 2011, our four target markets performed as we expected and we outperformed these markets as our revenue growth for the quarter came in at the high end of guidance.

“While uncertainties prevail in the global economy today, we continue to believe revenue will grow for the balance of the fiscal year due to share gains with certain wireless and wired OEMs.”

Avago Technologies Limited, based in San Jose, California, is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products.

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Cree Inc. (CREE) stock leaps on hearty Q4 earnings

Wednesday, August 10th, 2011

Cree Inc. (Nasdaq: CREE) shares rose 19.2% to $35.15 after the maker of fixtures that use light-emitting diodes late Tuesday reported fourth-quarter earnings that beat expectations. Volume for the stock Wednesday was 15.3 million shares, trumping a daily average of 3.7 million.

A news release Tuesday revealed that Cree announced revenue of $243.0 million for its fourth quarter of fiscal 2011, ended June 26, 2011. This represents an 8% decrease compared to revenue of $264.6 million reported for the fourth fiscal quarter last year and an 11% increase compared to the third quarter of fiscal 2011.

GAAP net income for the fourth quarter of $19.8 million, or $0.18 per diluted share, decreased 63% year-over-year compared to GAAP net income of $52.8 million, or $0.48 per diluted share, for the fourth quarter of fiscal 2010.

Cree CEO Chuck Swoboda was quoted in the same article as saying “Q4 results were in-line with our targets and we are encouraged by the 11% sequential growth in quarterly revenue. Over the last fiscal year, we continued to have success leading the LED lighting revolution and growing our LED lighting business, while at the same time managing through a challenging business cycle for our LED component and LED chip product lines. As we look ahead to Q1, demand has improved from earlier in the calendar year and we are well positioned to continue to lead the LED lighting revolution.”

Based in Durham, North Carolina, Cree claims to be leading the LED lighting revolution, and also boasts it is making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, environmentally friendly LED lighting.

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IMPX shoots skyward, MNGPY volume leader, SGAMY jumps, SDVG takes header

Monday, November 8th, 2010

IMP, Inc. (Pink Sheets: IMPX) leaped 3,233.33 percent early in Monday’s trading to 0.01. Volume was 1,000 shares. The Group’s principal activities are to design, manufacture and market integrated circuit (IC) semiconductor devices.

Man Group PLC (Pink Sheets: MNGPY) was among the volume leaders in the small cap arena, trading in 1,420,288 shares. The price skidded 1.66 percent to $4.73 in the first two hours of trading. Man Group boasts it has built a significant managed accounts platform as an investor, in contrast to the flow-driven business model of other providers which tend to focus less on the underlying investment management application.

Sega Sammy Holdings, Inc. (Pink Sheets: SGAMY) jumped 1.52 percent in price Monday morning to $4.02, based on 1,382,727 shares. A leading maker of video games, SEGA is known for its Sonic the Hedgehog franchise.

Superior Development Group, Inc. (Pink Sheets: SDVG) very nearly halved its price Monday morning, tumbling 99.85 percent to three-100ths of a cent, on 1,950 shares. The stock has a 52-week range of up to 49 cents. The company, based in Clarksdale, Miss., is a real estate development consulting firm.

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Top 10 Buzz Stocks for 2009- AAPL, AVAV, ENER, FLR, EDU, SPWRA, TER, PEP, STJ, CHU

Tuesday, January 13th, 2009

Here’s a list of the Top 10 Buzz Stocks (in no particular order) to keep on your radar in 2009:

10. Apple (Nasdaq: AAPL)– best in class in almost every category they compete in; staying power, innovation, and a lot of growth here.

9. AeroVironment (Nasdaq: AVAV)– Promising projects in wind power and unmanned vehicles.

8. Energy Conversion Devices (Nasdaq: ENER)– A company in Obama’s sweet spot.

7. Fluor Corp. (NYSE: FLR)– Major player in engineering, construction, maintenance and procurement.

6. New Oriental Education (NYSE: EDU)– The biggest college prep and English instruction school in China.

5. SunPower (Nasdaq: SPWRA)- Another infrastructure play whose technology could become a mainstay in national energy policy.

4. Teradyne (NYSE: TER)– Chips need testing. This is a company with great semiconductor diagnostic technology that is primed to benefit once the chip market bounces back. Solid balance sheet–a lot more solid than many of its competitors.

3. PepsiCo (NYSE: PEP)– PEP shares have fallen from their January ’08 peak, and are a bargain where they trade right now. The company has also been a corporate leader in the push for green technologies, and is truly a global play.

2. St. Jude Medical (NYSE: STJ)– Life-saving devices that target heart disease. Higher than expected Q3 sales, and well insulated from macro turmoil.

1. China Unicom Ltd. (NYSE: CHU)– Well insulated from global turmoil; Trading at a very low earnings multiple. The company is one of only a handful of telecom players in 31 provinces, municipalities and autonomous regions in China. CHU also provides data and Internet services. If you think China will get more connected in the next year, CHU is a great play to ride that wave.

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