Semis Exposed to Automotive High Growth Segments Have Higher Margins and Stability: Exclusive Interview with Industry Expert Steve Smigie of Raymond James

Wall Street Transcript

67 WALL STREET, New York - October 9, 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: Cloud Computing - Mobile Device Consumer Demand - Enterprise Data Storage Demand - Energy Efficiency, Cloud Computing and Telecommunications

Companies include: Maxim Integrated Products Inc. (MXIM), Volterra Semiconductor Corpora (VLTR), Analog Devices Inc. (ADI), Skyworks Solutions Inc. (SWKS), RF Micro Devices Inc. (RFMD), ON Semiconductor Corp. (ONNN), Diodes Incorporated (DIOD)

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

TWST: Broadly speaking, which customers, end markets or even specific products do you most want to see semiconductor companies exposed to and why?

Mr. Smigie: I guess it depends on what products those companies are making. But generally, the markets that I see are fairly attractive right now are auto and industrial. They tend to be more stable markets with higher margins. Industrial in the past, it really tended not to have a ton of growth. Right now I think you're seeing a scenario where industrial is actually growing faster than typical, because you're seeing a lot of innovation taking place.

Industrial is kind of catchall category, so that includes stuff from office automation to home automation to stuff like trains and solar inverters. There are a bunch of different categories out there. It could be medical. Sometimes defense is included in that. But those are a couple of markets that I like right now. And then, I think that stuff tied to LTE rollouts on the handset side are going to be...

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.

Rates

View Comments (0)