SOURCE: Five Star Equities

Five Star Equities

August 10, 2012 08:20 ET

Advanced Micro Devices and Texas Instruments on the Upswing as Semiconductor Outlook Brightens

Five Star Equities Provides Stock Research on Advanced Micro Devices and Texas Instruments

NEW YORK, NY--(Marketwire - Aug 10, 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 Advanced Micro Devices, Inc. (NYSE: AMD) and Texas Instruments Inc. (NASDAQ: TXN).

Access to the full company reports can be found at:

www.FiveStarEquities.com/AMD

www.FiveStarEquities.com/TXN

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."

Five Star Equities releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Advanced Micro Devices reported revenue of $1.41 billion for the second quarter of 2012, an 11 percent sequential decrease and a 10 percent decrease year-over-year. Shares of the company surged nearly 10 percent Wednesday on acquisition speculation. Patrick Wang, an analyst at Evercore Partners, stated that Qualcomm and Samsung were mentioned as potential candidates.

Texas Instruments reported second quarter revenues of $3.34 billion, net income of $446 million and earnings per share of 38 cents. The company expects third quarter revenue to be in the range of $3.21 billion to $3.47 billion. Shares of the company are up over 7 percent in the last week.

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