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Novellus posts larger-than-anticipated second-quarter loss

Posted Jul 14th 2009 8:30AM by Mark Fightmaster (RSS feed)
Filed under: Before the bell, Earnings reports

After the closing bell sounded yesterday, Novellus Systems (NASDAQ: NVLS) reported a second-quarter loss, thanks to falling semiconductor sales stemming from general weakness in the semiconductor sector.

The firm reported a second-quarter net loss of 52 cents per share, or 41 cents per share excluding items. Although this loss was three cents wider than the consensus estimate, the shares managed to bounce off their after-hours lows -- thanks mainly to NVLS's forecast.

Continue reading Novellus posts larger-than-anticipated second-quarter loss

For Texas Instruments, the chips are starting to add up again

Posted Feb 5th 2008 9:18AM by Joseph Lazzaro (RSS feed)
Filed under: Texas Instruments (TXN), Stocks to Buy

The choppy/consolidating (or perhaps worse) market conditions sometimes give the impression that growth plays do not exist, but that is not the case, and one growth company worth reviewing is Texas Instruments.

Texas Instruments (NYSE: TXN) is the world's third largest semiconductor company, with operations in more than 25 countries.

In general, analysts see TXN's revenue increasing 5-8% in 2008, with the company likely to increase its leading market share in the analog segment; a smaller annual revenue increase is expected in the handset digital segment.
Further, analysts say TXN is well positioned to benefit from increasing use of higher-end analog products. Meanwhile, higher plant utilization and a recent restructuring should aid TXN's bottom line. The Reuters F2008/F2009 EPS consensus estimates for TXN are $2.09/$2.31.

Continue reading For Texas Instruments, the chips are starting to add up again

Cypress Semiconductor argues everything good starts with pure silicon

Posted Jan 25th 2008 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Cypress Semiconductor (CY), Stocks to Buy

The choppy/consolidating (or perhaps worse) market conditions sometimes give the impression that growth plays do not exist. That is not the case, and one growth company worth reviewing is Cypress Semiconductor.

Cypress Semiconductor (NYSE: CY) is a manufacturer of high-performance integrated circuits, memory chips and silicon solar cells.

Analysts really like Cypress' revenue growth prospects of 23-25% following a likely 45-50% increase in 2007.

Analysts also like Cypress' recent acquisition of PowerLight Corp. and expect the purchase to drive a significant earnings increase. CY's SunPower business is another plus, due to its potential growth and undervalued status.

Continue reading Cypress Semiconductor argues everything good starts with pure silicon

Analyst upgrades 12-13-06: Semiconductor sector upgraded

Posted Dec 13th 2006 11:09AM by Melly Alazraki (RSS feed)
Filed under: Analyst upgrades and downgrades, Safeway Inc (SWY)

MOST NOTEWORTHY: The Semiconductor sector was the most notable upgrade today, made by the Stephens Group; the firm believes the risk of a severe downturn is moderating and that 2007 will likely be an up year rather than a down year.

OTHER UPGRADES:

  • Credit Suisse upgraded Safeway Stores Inc. (NYSE:SWY) to Neutral from Underperform, a move that comes after yesterday's analyst meeting provided new information that shows Blackhawk is a meaningful initiative and 2007 guidance exceeded expectations. Additionally, Safeway's target was raised to $35 from $25.
  • JP Morgan upgraded Harmony Gold Mining Company Ltd. (NYSE:HMY) to Overweight from Neutral, increasing L-T gold price forecasts to $575/0z from $525/oz , expecting shares to outperform the sector.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 07:34 PM

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