Chipmakers on the Upswing -- Texas Instruments and Advanced Micro Devices Poised to Benefit
January 26, 2012 08:20 ET
Chipmakers on the Upswing -- Texas Instruments and Advanced Micro Devices Poised to Benefit
Five Star Equities Provides Stock Research on Texas Instruments & Advanced Micro Devices
NEW YORK, NY--(Marketwire - Jan 26, 2012) - Emerging markets such as China and India are helping to drive global semiconductor sales. According to Carnegie Research chip sales are said to be $24.1 billion in December as compared to $25.1 billion in November, which, when seasonally adjusted, represents a six percent month on month increase. Five Star Equities examines the outlook for companies in the semiconductor industry and provides equity research on Texas Instruments Inc. (
[ www.fivestarequities.com/TXN ]
[ www.fivestarequities.com/AMD ]
Earlier this week Texas Instruments announced better-than-expected fourth-quarter financial results. Texas Instruments reported revenue of $3.42 billion, which was down 0.8% sequentially, down 3.0% year over year and in the middle of the originally guided range of$3.26 billion and $3.54 billion. Net product orders were $2.87 billion in the last quarter, down 6.5% sequentially and 8.3% year over year.
The company's CEO Rich Templeton said he believes the worst of the economic downturn is over. However the company also offered a tepid forecast for the current quarter. First-quarter revenue will be $3.02 billion to $3.28 billion, the company predicted.
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Advanced Micro Devices reported a fourth-quarter loss of $177 million, or 24 cents a share, compared with a profit of $375 million, or 50 cents a share, for the year-earlier period. Adjusted profit was 19 cents a share. Analysts had expected the company to report a profit of 16 cents a share according to data from FactSet Research.
For the current quarter, AMD sees revenue of $1.51 billion to $1.61 billion, below the average $1.6 billion consensus.
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