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Fairchild Semiconductor: 3 Different Insiders Have Sold Shares During The Last 30 Days
- 3 insiders sold Fairchild Semiconductor stock within one month.
- The stock was not purchased by any insiders in the month of intensive selling.
- All 3 of these insiders decreased their holdings by more than 10%.
Wed, Aug. 20, 11:51 AM
- Fairchild (FCS +2.5%), Intersil (ISIL +1.3%), Semtech (SMTC +2.6%) and Power Integrations (POWI +3.3%) have all given back a chunk of their early gains. Peer International Rectifier, which also rallied, has been halted.
- All 5 companies had jumped on a Bloomberg report stating Infineon is nearing a deal to buy a U.S. chipmaker for ~$2B.
Wed, Aug. 20, 10:15 AM
- Bloomberg reports Infineon (OTCPK:IFNNF) "nearing an agreement to acquire a U.S.- based semiconductor company for about $2 billion," and that a deal could be announced as soon as today.
- No word on whom Infineon is looking to buy. Bloomberg notes it reported last month analog/mixed-signal chipmakers Fairchild (FCS +5.6%), Power Integrations (POWI +11.3%), and Semtech (SMTC +8%) are considered M&A targets, as the chip industry continues to consolidate.
- Shares of all three companies are up sharply, as are those of peers International Rectifier (IRF +5.8%) and Intersil (ISIL +4.4%). FCS and IRF are currently worth $2B; POWI is worth $1.9B; ISIL is worth $1.8B; and SMTC is worth $1.7B.
- "[Infineon] would like to build a stronger presence in power management," says Liberum Capital's Janardan Menon. He adds the market has "high barriers to entry and strong growth prospects," a fact that also hasn't been lost on Texas Instruments and other industry players.
May. 11, 2011, 3:14 PMFBR Capital considers recent chip deals for Atheros (ATHR) and National Semi (NSM) a "solid start for tech M&A," citing SLAB, ATML, FCS, IRF, MXIM, ADI, LLTC and ISIL as potential takeover targets. Given techs' increasing confidence about the economy and that balance sheets are flush with cash, "more M&A activity could be on the come." | Comment!
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