SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Jul 12, 2012) - It has been a tough week for semiconductor companies as recent reports from both Advanced Micro Devices and Applied Materials signaled a bearish outlook citing slowing demand in China and Europe. "As we approach June quarter earnings season, we believe semiconductor demand has softened almost across the board," wrote Christopher Danely, J.P. Morgan analyst, in a note to clients. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on SanDisk Corp. (NASDAQ: SNDK) and Texas Instruments Inc. (NASDAQ: TXN).
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"It's all macro -- just like last year, and the year before, and the year before," Danely added. "We believe the macroeconomic environment will be the biggest driver of semiconductor stock performance during 2012, just as it was in 2011, and 2010 and 2009."
The European financial crisis combined with a weakening personal computer market has had a significant impact on semiconductor demand. Investors should receive a clearer picture of the state of the industry when semiconductor giant Intel Corp. kicks off the tech earnings season on July 17.
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SanDisk, a global leader in flash memory storage solutions, last month announced the world's fastest mobile memory card. The SanDisk Extreme Pro microSDHC UHS-I card is ideal for smartphone and tablet users who want to boost their device's storage capacity while enjoying the fastest mobile experience. Shares of the company have fallen over 30 percent year-to-date.
Texas Instruments recently narrowed its expected ranges for revenue and earnings per share (EPS). The company currently expects second quarter 2012 results to be within the following ranges: Revenues to be between $3.28 and $3.42 billion compared with the prior range of $3.22 billion - $3.48 billion. EPS is now expected to be between $0.32 and $0.36 compared with the prior range of $0.30 - $0.38.
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