China Handset Market Driving Growth at Selected Semiconductor Sector Stocks: A Wall Street Transcript Interview with Harsh Kumar, Managing Director and Research Analyst at Stephens, Inc.

Wall Street Transcript

67 WALL STREET, New York - October 11, 2013 - The Wall Street Transcript has just published its Semiconductors Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Mobile Device Consumer Demand - Enterprise Data Storage Demand - Energy Efficiency, Cloud Computing and Telecommunications

Companies include: RF Micro Devices Inc. (RFMD), Skyworks Solutions Inc. (SWKS), Integrated Device Technology I (IDTI), Apple Inc. (AAPL), QUALCOMM Inc. (QCOM), Intel Corporation (INTC), Semtech Corp. (SMTC)

In the following excerpt from the Semiconductors Report, an expert analyst with Stephens discusses the outlook for the sector for investors:

TWST: What end markets, or even specific companies or products, do you most want to see semiconductor companies exposed to at this point and why?

Mr. Kumar: We are still quite bullish on the semiconductor cycle. We are still seeing very steady order patterns. We are seeing very little to no excess inventory. We are seeing a reasonable consumer appetite and the possibility of a corporate upgrade cycle in the ultrabook still remains. At this point, to answer your question, we are seeing the early cycle end markets come through very nicely, and those are factory automation, anything to do with automotive, anything to do with industrial, anything to do with housing-related electronics, and finally, rumblings in the communication space because of China infrastructure adds and possible infrastructure adds in the U.S. So the early cyclical areas I mentioned before related to industrial are working, and then also we are starting to see the rumblings in the communication space. The only end market, in fact, that we are seeing zero activity in is the PC market.

TWST: How large of an opportunity do you see in the China handset market at this point, and which of your companies have the best exposure there?

Mr. Kumar: The China handset market is very attractive...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

View Comments