June 13, 2013 at 11:30 AM EDT
Wall Street Fundamentals Releases New In-Depth Stock Reports on FSL, OVTI, RFMD and TXN
The global semiconductor market is expected to experience modest growth in 2013. The World Semiconductor Trade Statistics Spring 2013 global semiconductor sales forecast predicts worldwide sales to total $297.8 billion in 2013, a year-over-year increase of 2.1 percent. In 2014, global sales are expected to grow 5.1 percent to $312.9 billion. "With modest but steady gains in semiconductor sales in recent months and stronger growth projected for the remainder of this year and 2014, the global semiconductor industry is heading in the right direction as summer approaches, despite a stubbornly sluggish macroeconomic environment," said SIA Chief Executive Brian Toohey.
Freescale Semiconductor Ltd. (NYSE: FSL) shares traded in the range of $14.41 to $15.35 Wednesday before settling to close at $14.61, a decrease of 3.69 percent. The stock appears to be facing resistance at $14.89 with some support at $14.39. The company reported net sales totaled $981 million for the first quarter of 2013, compared to $950 million in the year ago quarter. Shares of Freescale Semiconductor have gained approximately 32.7 percent in 2013.
More information on Freescale Semiconductor and access to the free equity report can be found at: www.WallStreetFundamentals.com/FSL
OmniVision Technologies, Inc. (NASDAQ: OVTI) shares traded in the range of $18.62 to $19.04 Wednesday before settling to close at $18.71, an increase of 0.21 percent. The stock appears to be facing some resistance at $18.84 with support at $17.81. The company reported revenues were $336.2 million for the fourth quarter of fiscal 2013, compared to revenues of $ $218.5 million in the year ago quarter. Shares of OmniVision Technologies have gained approximately 33 percent in 2013.
More information on OmniVision Technologies and access to the free equity report can be found at: www.WallStreetFundamentals.com/OVTI
RF Micro Devices, Inc. (NASDAQ: RFMD) shares traded in the range of $5.00 to $5.16 Wednesday before settling to close at $5.00, a decrease of 2.15. The stock appears to be facing some resistance at $5.01 with some support at $4.92. The company reported revenues were $280.6 million for the fourth quarter of fiscal 2013, an increase of 49 percent when compared to the year ago quarter. Shares of RF Micro Devices have gained approximately 11.6 percent in 2013.
More information on RF Micro Devices and access to the free equity report can be found at: www.WallStreetFundamentals.com/RFMD
Texas Instruments Inc. (NASDAQ: TXN) shares traded in the range of $34.65 to $35.53 Wednesday before settling to close at $34.79, a decrease of 1.33 percent. The stock appears to be facing stiff resistance at the $35.92 with some support at $34.20. The company expects revenues for the second quarter of 2013 to be in the range of $2.99 billion to $3.11 billion. Shares of Texas Instruments have gained approximately 12.6 percent in 2013.
More information on Texas Instruments and access to the free equity report can be found at: www.WallStreetFundamentals.com/TXN
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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