NEW YORK, NY -- (Marketwire) -- 07/19/12 -- The global economic slowdown has begun to take its toll on the Semiconductor Industry as recent reports have provided a bearish outlook for the industry. The Philadelphia Semiconductor Index (SOX) has fallen roughly 20 percent since the end of March. "We were seeing signs of a return to growth. But the macro [economic] environment is proving very challenging," said analyst Doug Freedman of RBC Dominion Securities. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Skyworks Solutions Inc. (NASDAQ: SWKS) and TriQuint Semiconductor (NASDAQ: TQNT).
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Recently an analyst at Avian Securities, Blaine Carroll, stated that Apple chip makers Skyworks Solutions and Triquint Semiconductor may fall short of their second quarter estimates. Carroll lowered his production estimates of the much anticipated iPhone 5 to 20 million from his previous expectations of 25 million iPhones in the quarter.
"We are lowering our estimates into the print as our original iPhone builds of 25M are too aggressive due to macro headwinds (Europe) and the lull in front of iPhone 5."
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Skyworks Solutions is an innovator of high reliability analog semiconductors. Skyworks offers high performance analog products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military, wireless networking, smartphone and tablet applications. Shares of the company have fallen over 9 percent in the last month, but are still up over 50 percent for the year.
TriQuint Semiconductor is a leading RF solutions supplier and technology innovator for the world's top communications, defense and aerospace companies. 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. The company is scheduled to release their second quarter 2012 results on July 25, 2012.
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