12 Semiconductor Stocks To Watch Ahead Of Earnings

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 |  Includes: AMD, ARMH, AVGO, CREE, CY, INTC, IP, LSI, QRVO, RF, SDD, STM, SWKS, TI, TXN
by: StockPandit

The next four weeks are a busy earnings season, with many quarterly earnings releases scheduled and a bunch of stocks to watch. In this article, I will focus on semiconductor stocks that have earnings due in the next upcoming weeks. These stocks were selected based on popularity, volume and, more importantly, significant price changes expected due to earnings results and forecasts.

This article provides earnings previews on several stocks to consider in anticipation of their earnings reports. Use this list as a potential starting point for your analysis.

Cree, Inc. (CREE): Earnings Date - April 17, 2012

Cree, Inc. develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN) and related compounds. It focuses its expertise in SiC and GaN on light emitting diode (LED) products. It also develops power and radio frequency ((NYSE:RF)) products.

Cree, Inc. has a market cap of $3.66 billion and will report its third-quarter earnings results on April 17, 2012, after market close. The third-quarter revenue is expected to be $300.76 million when compared with $219.17 million for the same quarter last year. Earnings per share for the third quarter are expected to be 21 cents a share from 27 cents a share in the year-ago period. Cree is currently trading around $31.55 with a 52-week range of $20.25 to $44.83.

Intel Corporation (INTC): Earnings Date - April 17, 2012

Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset. It sells these platforms primarily to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries.

Intel has a market cap of $140.34 billion and will report its first-quarter earnings results on April 17, 2012, after market close. The first-quarter revenue is expected to be $12.83 billion when compared with $12.85 billion for the same quarter last year. Earnings per share for the first quarter are expected to be 50 cents a share from 56 cents a share in the year-ago period. Intel is currently trading around $28.09 with a 52-week range of $19.16 to $28.52.

Cypress Semiconductor Corporation (CY):

Earnings Date - April 19, 2012

Cypress Semiconductor Corporation delivers high-performance, mixed-signal and programmable solutions. The company operates in four segments: Consumer and Computation Division, Data Communications Division, Memory Products Division, and Emerging Technologies and Other.

Cypress has a market cap of $2.21 billion and will report its first quarter earnings results on April 19, 2012, before market open. The first quarter revenues are expected to be $185.24 million when compared to $233.11 million for the same quarter last year. Earnings per share for the first quarter are expected to be 10 cents a share from 24 cents a share in the year ago period. Cypress is currently trading around $14.25 with a 52 week range of $13.67 to $23.95.

Advanced Micro Devices, Inc. (AMD): Earnings Date - April 19, 2012

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company designs, develops, and sells microprocessor products.

AMD has a market cap of $5.40 billion and will report its first quarter earnings results on April 19, 2012, after market close. The first quarter revenues are expected to be $1.56 billion when compared to $1.61 billion for the same quarter last year. Earnings per share for the first quarter are expected to be 9 cents a share from 8 cents a share in the year ago period. AMD is currently trading around $7.73 with a 52 week range of $4.31 to $9.17.

STMicroelectronics N.V. (ADR) (STM): Earnings Date - April 23, 2012

STMicroelectronics N.V. is an independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.

STMicroelectronics has a market cap of $6.06 billion and will report its first quarter earnings results on April 23, 2012, after market close. The first quarter revenues are expected to be $2.04 billion when compared to $2.54 billion for the same quarter last year. Earnings per share for the first quarter are expected to be loss of 5 cents a share from 20 cents a share in the year ago period. STMicroelectronics is currently trading around $6.85 with a 52 week range of $5.34 to $12.55.

Texas Instruments Incorporated (TXN): Earnings Date - April 23, 2012

Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally. The company operates in four segments: Analog, Embedded Processing, Wireless and Other.

Texas Instruments has a market cap of $36.85 billion and will report its first quarter earnings results on April 23, 2012, after market close. The first quarter revenues are expected to be $3.06 billion when compared to $3.39 billion for the same quarter last year. Earnings per share for the first quarter are expected to be 29 cents a share from 55 cents a share in the year ago period. Texas Instruments is currently trading around $32.18 with a 52 week range of $24.34 to $35.98.

ARM Holdings plc (ADR) (ARMH): Earnings Date - April 23, 2012

ARM Holdings plc (ARM) designs microprocessors, physical intellectual property ((NYSE:IP)) and related technology and software, and sells development tools. As of December 31, 2011, the company operated in three business segments: the Processor Division (PD), the Physical IP Division (PIPD) and the System Design Division ((NYSEARCA:SDD)).

ARM Holdings has a market cap of $12.81 billion and will report its first quarter earnings results on April 23, 2012, after market close. The first quarter revenues are expected to be $200.77 million when compared to $185.50 million for the same quarter last year. Earnings per share for the first quarter are expected to be 14 cents a share from 13 cents a share in the year ago period. ARM Holdings is currently trading around $27.94 with a 52 week range of $24.34 to $35.98.

RF Micro Devices, Inc. (RFMD): Earnings Date - April 24, 2012

RF Micro Devices, Inc. is engaged in the design and manufacture of radio frequency components and compound semiconductor technologies. RFMD manufacturers gallium arsenide (GaAs)-based and gallium nitride (GaN) compound semiconductors for RF applications. It accesses silicon-based technologies and a small percentage of GaAs through external foundries.

RFMD has a market cap of $1.23 billion and will report its first quarter earnings results on April 24, 2012, after market close. The first quarter revenues are expected to be $185.20 million when compared to $213.33 million for the same quarter last year. Earnings per share for the first quarter are expected to be loss of 1 cents a share from 8 cents a share in the year ago period. RFMD is currently trading around $4.46 with a 52 week range of $4.19 to $7.89.

LSI Corporation (LSI): Earnings Date - April 25, 2012

LSI Corporation designs, develops and markets storage and networking semiconductors. The company offers a portfolio of capabilities, including custom and standard product integrated circuits that are used in hard disk drives, solid state drives, high-speed communications systems, computer servers, storage systems and personal computers. LSI provides products for original equipment manufacturer (OEM), companies, in the server, storage and networking industries.

LSI Corporation has a market cap of $4.62 billion and will report its first quarter earnings results on April 25, 2012, after market close. The first quarter revenues are expected to be $599.83 million when compared to $473.26 million for the same quarter last year. Earnings per share for the first quarter are expected to be 14 cents a share from 10 cents a share in the year ago period. LSI Corporation is currently trading around $8.13 with a 52 week range of $4.75 to $9.20.

TriQuint Semiconductor (TQNT): Earnings Date - April 25, 2012

Triquint Semiconductor Inc (TriQuint) is a supplier of modules, components and foundry services for communications applications. TriQuint designs, develops and manufactures radio frequency solutions with gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW), temperature compensated surface acoustic wave (TC-SAW), and bulk acoustic wave (BAW) technologies for customers worldwide.

TriQuint has a market cap of $967.53 million and will report its first quarter earnings results on April 25, 2012, after market close. The first quarter revenues are expected to be $214.68 million when compared to $224.32 million for the same quarter last year. Earnings per share for the first quarter are expected to be 2 cents a share from 15 cents a share in the year ago period. TriQuint is currently trading around $5.82 with a 52 week range of $3.97 to $14.13.

Skyworks Solutions Inc (SWKS): Earnings Date - April 26, 2012

Skyworks Solutions, Inc. (Skyworks) offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and cellular handset applications.

Skyworks Solutions has a market cap of $4.95 billion and will report its second quarter earnings results on April 26, 2012, after market close. The second quarter revenues are expected to be $361.14 million when compared to $325.41 million for the same quarter last year. Earnings per share for the second quarter are expected to be 40 cents a share from 41 cents a share in the year ago period. Skyworks Solutions is currently trading around $26.29 with a 52 week range of $13.72 to $31.95.

Broadcom Corporation (BRCM): Earnings Date - May 1, 2012

Broadcom Corporation (Broadcom) is a global semiconductor solution for wired and wireless communications. Broadcom products deliver voice, video, data and multimedia connectivity in the home, the office and the mobile environment. The company provides system-on-a-chip (SoC) and software solutions. The company operates in three segments: Broadband Communications, Mobile & Wireless, and Infrastructure & Networking.

Broadcom has a market cap of $20.21 billion and will report its first quarter earnings results on May 1, 2012, after market close. The second quarter revenues are expected to be $1.80 billion when compared to $1.82 billion for the same quarter last year. Earnings per share for the second quarter are expected to be 56 cents a share from 68 cents a share in the year ago period. Broadcom is currently trading around $36.71 with a 52 week range of $27.59 to $41.00.

Sources: Some of the data is sourced from Google Finance, Yahoo Finance and investors site.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CREE, INTC, AMD, STM, TXN, ARMH, RFMD, LSI, TQNT, SWKS, BRCM over the next 72 hours.

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to the investors to make the correct decision after necessary research.