SAN FRANCISCO—Semiconductor vendors and related companies have largely continued in recent days to forecast sequential quarterly growth in providing sales targets for the current quarter.
Over the past several days, semiconductor companies including NXP Semiconductors NV, Taiwan Semiconductor Manufacturing Co. Ltd. and Maxim Integrated Products Inc., as well as suppliers including KLA-Tencor Corp., Veeco Instruments Inc. and Teradyne Inc. have all predicted that they would report sequential gains when delivering their next quarterly reports.
"We continue to recommend semiconductor names as we maintain the thesis that semis will grow faster than end markets as we head into June-October," said CJ Muse, an analyst with Barclays Capital, ina report circulated Monday (April 30).
"We think the [semiconductor] sector is setting up for a 2H12 cyclical snapback, with several beat-and-raise earnings reports likely once chip lead times begin to expand more broadly in 2H12," said Craig Berger, an analyst with FBR Capital Markets, in a separate report circulated last week.
Recent financial report summaries:
