SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Aug 14, 2012) - 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) has gained over 4 percent in the last week. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Marvell Technology Group Ltd. (NASDAQ: MRVL) and NVIDIA Corporation (NASDAQ: NVDA).
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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 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."
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Marvell is a global leader in the development of storage, communications and consumer silicon solutions. The company is scheduled to release second quarter of fiscal 2013 financial results on Thursday, August 16, 2012. Shares of Marvell have rallied 16 percent in the last month.
NVIDIA's processors power a broad range of products from smart phones to supercomputers. NVIDIA's mobile processors are used in cell phones, tablets and auto infotainment systems. The company reported revenue of $1.04 billion for the second quarter of fiscal 2013 ended July 29, 2012. "Our investments in mobile computing and visual computing are both paying off," said Jen-Hsun Huang, president and chief executive officer of NVIDIA.
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