Top Semiconductor Stocks - ( NASDAQ: NVDA, SWKS, TQNT )
Semiconductor Stocks
Dallas, TX 11/06/2009 06:06 PM GMT (TransWorldNews)
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NVIDIA Corporation (NASDAQ:NVDA) is amongst the top semiconductor stock gainer in the early morning trade and soared 5.63% to $12.95 on massive volume of 3.88 million shares after reported revenue for the quarter of $903.2 million, up 16% sequentially, up slightly from a year ago, and well ahead of the Street consensus at $838.1 million. Non-GAAP profits of 19 cents a share beat the Street at 10 cents. Non-GAAP gross margin of 41% was up 4.7 points from the 36.3% reported in FY Q2, though down from 41.9% a year ago. For Q4, the company sees revenue up about 2% sequentially, which implies $921.3 million, above the Street at $868.1 million. GAAP gross margin is expected to be 40%-42%, or down slightly from 43.4% in FY Q3.
Skyworks Solutions, Inc. (NASDAQ:SWKS) is amongst the top gainers in the early few minutes. The stock has spurted 5.74% and is trading at $11.60 with a massive volume of 3.23 million shares. The company reported fourth fiscal quarter and year-end 2009 results. Revenue for the quarter was $228.1 million, representing a 19 percent sequential increase when compared to $191.2 million in the third fiscal quarter, and exceeding the Company`s updated guidance range of $220 to $225 million provided on September 9, 2009. On a non-GAAP basis, operating income for the fourth fiscal quarter was $42.5 million, up from $28.6 million in the prior quarter while diluted earnings per share for the quarter was up 50 percent sequentially to a record $0.24.
TriQuint Semiconductor (NASDAQ:TQNT) climbed up 3.96% over its previous day’s price and now trades at $5.77 on a huge volume of 699k shares. The company reported 2% overall revenue growth sequentially and an increase in revenue of 9% for the nine months ended September 26, 2009 compared to the nine months ended September 27, 2008, primarily as a result of an increase in revenue of 33% in the handsets market and 35% increase in revenue in the military market, offset by a decline in revenue in the networks market. The handset growth is primarily attributable to strong growth in wideband code division multiple access (“WCDMA”) and enhanced data rates for GSM evolution (“EDGE”) product revenues, which increased 79% for the nine months ended September 26, 2009 compared to the nine months ended September 27, 2008.
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