SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Aug 9, 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) surged over 2 percent Tuesday. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on ARM Holdings plc (NASDAQ: ARMH) and LSI Corporation (NYSE: LSI).
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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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ARM earlier this week announced the second generation of the ARM Mali-T600 Series graphics processing units (GPUs), providing a dramatically improved user experience for tablets, smartphones and smart-TVs. Shares of the company have rebounded nearly 4 percent in the last week.
LSI Corp. designs semiconductors and software that accelerate storage and networking in datacenters, mobile networks and client computing. Shares of the company surged nearly 4 percent Tuesday after they were upgraded by Goldman Sachs.
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