SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Feb 28, 2013) - After experiencing a slowdown in 2012 the global semiconductor market is set for growth. The World Semiconductor Trade Statistics predicts the global semiconductor market to grow by 4.5 percent in 2013 after declining 3.2 percent in 2012. The SPDR S&P Semiconductor ETF (XSD) has gained over 7 percent year-to-date. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Cirrus Logic, Inc. (NASDAQ: CRUS) and Skyworks Solutions Inc. (NASDAQ: SWKS).
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The global semiconductor industry posted total sales of $291.6 billion in 2012, according to the Semiconductor Industry Association. The total was the third highest ever, but a decline of 2.7 from the record $299.5 billion set in 2011. The industry began to show some strength in the fourth quarter as it posted sales of $74.2 billion, which was a year-over-year increase of 3.8 percent.
"Despite substantial macroeconomic challenges, the global semiconductor industry outperformed forecasts and posted one of its highest yearly sales totals in 2012," said Brian Toohey, president and CEO, Semiconductor Industry Association. "Recent momentum, led by strength in the Americas, has the industry well-positioned for a successful 2013."
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Cirrus Logic is a premier supplier of high-precision analog and digital signal processing components for audio and energy markets. The company has more than 1,000 patents that are crucial to their more than 700 products. Cirrus reported revenues of $310 million in the third quarter, an increase of 153 percent year-over-year, and 60 percent sequentially.
Skyworks Solutions is an innovator of high performance analog semiconductors. The company recently unveiled several new power-optimized backlight LED drivers for smartphones and tablets. IHS iSuppli projects shipments of smartphones with screens 5 inches or bigger to reach 60 million units in 2013, a year-over-year increase of over 100 percent.
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