The Semiconductor Industry rallied last week after recent reports provided a positive outlook for the industry. Stocks received a boost Tuesday after Goldman Sachs raised its rating from “neutral” to “attractive” for the group. The Philadelphia Semiconductor Index (SOX) surged over 2 percent Tuesday. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Advanced Micro Devices, Inc. (AMD) and Texas Instruments Inc. (TXN).
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The Semiconductor Industry Association (SIA) last Friday reported that worldwide chip sales total $24.4 billion for the month of June, a 2 percent decrease from the a year ago. On the positive side, the drop was the smallest year-over-year decrease since October 2011. International Data Corporation in an update of the Semiconductor Applications Forecaster (SAF) forecasts that worldwide semiconductor revenues will increase 4.6 percent in 2012 to $315 billion.
“The semiconductor industry continues to navigate the turbulent global economy better than most sectors,” SIA President Brian Toohey said. “But macroeconomic uncertainties are limiting overall recovery and growth.” Read More