SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Nov 5, 2012) - Despite the rapidly for high tech gadgets such as smartphones and tablets the semiconductor industry has experienced a less-than-average growth for 2012. A recent report from research firm Strategy Analytics has shown that the number of smartphones in use globally topped the 1 billion mark for the first time ever in the third quarter. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on OmniVision Technologies, Inc. (NASDAQ: OVTI) and TriQuint Semiconductor (NASDAQ: TQNT).
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The World Semiconductor Trade Statistics (WSTS) has forecasted the worldwide semiconductor market to see a growth of just 0.4 percent in 2012, before experiencing a growth of 7.2 percent in 2013. The Semiconductor Industry Association recently announced that global semiconductor sales were flat in August with a growth of just 0.1 percent. Year-to-date sales in August were down 4.6 percent when compared to the same period in 2011.
"Global semiconductor sales have held steady in recent months despite strong macroeconomic headwinds, but these challenges have hampered growth," said Brian Toohey, president and CEO, Semiconductor Industry Association.
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OmniVision Technologies' award -winning CMOS imaging technology enables superior image quality in many of today's consumer and commercial applications, such as mobile phones, notebooks, and tablets. The coampny recently announced that Tesla Motors has selected OmniVision's OV10630 to be used in their new Model S electric sedan. OmniVision is scheduled to release their fiscal second quarter results on November 29, 2012.
TriQuint products help reduce the cost and increase the performance of connected mobile devices and the networks that deliver critical voice, data and video communications. Shares of the company have fallen sharply since reporting a net loss of $11.2 million for the third quarter, compared to a net income of $14.8 million in the third quarter of 2011. For the fourth quarter, TriQuint forecasts revenue to be in the range of $220 million to $225 million.
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