LONDON, February 27, 2013 /PRNewswire/ --
With the world becoming more dependent on the latest technologies for better, faster and efficient solutions, technology has become a way of life. Increasing consumer spending on gadgets coupled with the emergence of cloud computing, need for production efficiencies and constant innovation will lead to increased demand for semiconductor solutions. Skyworks Solutions Inc. (NASDAQ: SWKS) and RF Micro Devices Inc. (NASDAQ: RFMD) would be some of the biggest gainers of these trends. StockCall has posted free technical research on Skyworks Solutions and RF Micro Devices which can be downloaded upon sign up at http://www.stockcall.com/signup
Skyworks Solutions Inc. announced first quarter results
Skyworks Solutions Inc. is an innovator of high performance analog semiconductors. Leveraging core technologies, Skyworks supports automotive, broadband, cellular infrastructure, energy management, GPS, industrial, medical, military, wireless networking, smartphone and tablet applications. For the first quarter, the company reported Non-GAAP Net Income growth of 10.7% to $106.6 million, or $0.55 per diluted share, on Net Revenues of $453.7 million, growth of 15% over same quarter of fiscal 2012. The company reported Non-GAAP gross margins of 43% for the quarter. Sign up and read the complimentary report on Skyworks Solutions Inc. at http://www.StockCall.com/SWKS022713.pdf
During the quarter, the company paid approximately $41.7 million (including commissions) in connection with the repurchase of 1.9 million shares of its common stock (paying an average price of $21.93 per share). As of December 28, 2012, $158.3 million remained available under the existing share repurchase authorization.
Donald W. Palette, vice president and chief financial officer of Skyworks, said "Given order visibility and specific product launches, we expect to continue to gain market share and capture additional content per platform in the seasonally low March quarter. Specifically, for the second fiscal quarter of 2013, we anticipate revenue to be up 15 percent year-over-year with better than normal seasonality to approximately $420 million with non-GAAP diluted earnings per share of $0.47."
RF Micro Devices Inc. delivers robust third quarter revenue growth
RF Micro Devices is a global leader in the design and manufacture of high-performance semiconductor components and is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers. For third quarter, the semiconductor company reported Non-GAAP Net Income of $21.3 million, or $0.08 per diluted share, on Revenues of $271.2 million, a growth of 29% over second quarter of fiscal 2013. Non-GAAP gross margins were 35.5% for the quarter. The free report on RF Micro Devices Inc. can be downloaded by signing up now at http://www.StockCall.com/RFMD022713.pdf
Dean Priddy, CFO and vice president of administration of RFMD, said, "RFMD's December quarterly revenue increased by 29% quarter-over-quarter to $271.2 million and supported a near tripling in non-GAAP operating income quarter-over-quarter to $26.8 million."
Bob Bruggeworth, president and CEO of RFMD, said, "RFMD's robust sequential revenue growth in the December quarter reflected continued content gains, category expansion, and growth in our addressable markets. Looking forward, RFMD secured major design wins during the quarter, and we are executing on multiple opportunities to increase our content generation-over-generation in the world's leading smartphones and significantly outpace the growth rate of the underlying markets."
For fourth quarter of fiscal 2013, the company expects revenues to be in the range of $250 million to $255 million and Non-GAAP EPS in the range of $0.04 to $0.05.
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