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 RF Micro Devices, Inc. (NASDAQ: RFMD) and Rambus Inc. (NASDAQ: RMBS).
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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."
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RF Micro Devices is a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies. The company recently reported that first quarter revenue increased sequentially approximately 8 percent to $202.7 million, versus $187.9 million in the prior quarter.
Rambus is one of the world's premier technology licensing companies. As a company of inventors, Rambus focuses on the development of technologies that enrich the end-user experience of electronic systems. The company reported a net loss for the second quarter of 2012 of $32.2 million compared to net loss of $27.9 million in the first quarter of 2012 and net loss of $10.6 million in the second quarter of 2011.
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