SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Nov 5, 2012) - Despite the rapidly for high tech gadgets such as smartphones and tablets the semiconductor industry has experienced a less-than-average growth for 2012. A recent report from research firm Strategy Analytics has shown that the number of smartphones in use globally topped the 1 billion mark for the first time ever in the third quarter. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on Cirrus Logic, Inc. (NASDAQ: CRUS) and Skyworks Solutions Inc. (NASDAQ: SWKS).
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The World Semiconductor Trade Statistics (WSTS) has forecasted the worldwide semiconductor market to see a growth of just 0.4 percent in 2012, before experiencing a growth of 7.2 percent in 2013. The Semiconductor Industry Association recently announced that global semiconductor sales were flat in August with a growth of just 0.1 percent. Year-to-date sales in August were down 4.6 percent when compared to the same period in 2011.
"Global semiconductor sales have held steady in recent months despite strong macroeconomic headwinds, but these challenges have hampered growth," said Brian Toohey, president and CEO, Semiconductor Industry Association.
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Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Despite posting strong fiscal second-quarter results shares of the company have fallen sharply this past week as a result of falling profit margins. Gross margin for the fiscal second quarter declined to 51.7 percent from 53.5 percent in the year-ago-quarter.
Skyworks Solutions is an innovator of high performance analog semiconductors. Shares of the chip-maker declined 17 percent on Last Friday after their fiscal first quarter outlook fell short of estimates. Investors had expected larger numbers from the company since it is an iPhone supplier according to Sterne Agee analyst Vijay Rakesh.
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