Semiconductor Companies Announce Financial Results and Collaborations - Research Report on Marvell, Atmel, ON Semiconductor, Intersil, and Cavium
NEW YORK, August 12, 2013 /PRNewswire via COMTEX/ --
Today, Analysts' Corner announced new research reports highlighting Marvell Technology Group Ltd. (NASDAQ: MRVL), Atmel Corporation (NASDAQ: ATML), ON Semiconductor Corp. (NASDAQ: ONNN), Intersil Corporation (NASDAQ: ISIL), and Cavium, Inc. (NASDAQ: CAVM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Marvell Technology Group Ltd. Research Report
On August 6, 2013, Marvell Technology Group Ltd. (Marvell) announced that the M601, China Mobile's first self-branded, Android-based smartphone, is powered by the Marvell ARMADA Mobile PXA988 unified 3G platform. According to the Company, this new single-chip solution integrates a powerful, low-power 1.2GHz dual-core ARM Cortex-A9 application processor with a cutting-edge cellular modem, and is designed to deliver high-performance computing with industry-leading graphics capabilities and robust connectivity to China Mobile's 720 million subscribers. Weili Dai, President and Co-founder of Marvell said, "I am very proud of our collaboration with China Mobile and Marvell's investment in developing advanced TD-SCDMA technology. I am very thankful for the innovation, dedication and contributions made by the China Mobile and Marvell global engineering teams." The Full Research Report on Marvell Technology Group Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4456_MRVL]
Atmel Corporation Research Report
On July 31, 2013, Atmel Corporation (Atmel) released its Q2 2013 financial results with net revenues down 5.5% YoY and up 5.7% QoQ to $347.8 million. On a GAAP basis, the Company's net income was $13.0 million or $0.03 per diluted share, compared to net income of approximately $0.8 million or $0.00 per diluted share in Q2 2012, and compared to a net loss of $47.7 million or $0.11 per diluted share in Q1 2013. Steve Laub, Atmel's President and CEO, commented, "We are pleased with the progress we made on improving our gross margin and remain focused on achieving our long-term operating model goals." In another announcement, Atmel informed that it has repurchased 2.0 million shares of its common stock in the open market at an average price of $7.00 per share. The Full Research Report on Atmel Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3d14_ATML]
ON Semiconductor Corp. Research Report
On August 1, 2013, ON Semiconductor Corp. (ON Semiconductor) reported its Q2 2013 financial results. Total revenues were down 7.6% YoY and up 4.1% QoQ to $688.3 million. Net income attributable to the Company stood at $47.7 million or $0.11 per diluted share, compared to $6.9 million or $0.02 per diluted share in Q2 2012. Gross margin stood at 33.7% compared to 34.7% in Q2 2012. Keith Jackson, President and CEO of ON Semiconductor, said, "Our design win momentum across our targeted growth segments of wireless communications, automotive and white goods remains strong, and our investments in these end-markets are yielding positive results." He added, "The outlook for the third quarter of 2013 includes stock-based compensation expense of approximately $8 to $10 million." The Company expects Q3 2013 revenue to be within $700 million to $730 million and gross margin to lie between 33.8% to 35.8%.The Full Research Report on ON Semiconductor Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/513c_ONNN]
Intersil Corporation Research Report
On July 30, 2013, Intersil Corporation (Intersil) released its financial results for Q2 FY 2013 (period ended July 5, 2013). Revenues were down 11.2% YoY and up 9.9% QoQ to $144.8 million. Gross margin stood at 55.2% compared to 54.5% in Q2 FY 2012. Net income was $1.0 million, or $0.01 per diluted share, compared to a net loss of $14.5 million or $0.11 per diluted share in Q2 FY 2012, and net income of $2.5 million, or $0.02 per diluted share in Q1 FY 2013. Intersil expects Q3 FY 2013 GAAP revenue to be within $146 million to $152 million, flat gross margins and a loss per share of $0.03 to $0.01. The Full Research Report on Intersil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bfbb_ISIL]
Cavium, Inc. Research Report
On July 31, 2013, Cavium, Inc. (Cavium) released its Q2 2013 financial results. The Company's net revenue was up by 6.7% QoQ to $74.2 million. On a GAAP basis, net loss attributable to the Company was $4.3 million or $0.08 per diluted share, compared to $3.2 million or $0.06 per diluted share in Q1 2013. The Company's GAAP gross margins were 58.3% compared to 62.4% in Q1 2013. As per non-GAAP results, the Company reported a net income of $12.6 million or $0.23 per diluted share, compared to net income of $10.2 million or $0.19 per diluted share in Q1 2013. Non-GAAP gross margins were 65.8% compared to 65.4% in Q1 2013. The Full Research Report on Cavium, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6c55_CAVM]
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