NEW YORK, NY / ACCESSWIRE / February 10, 2017 / Global sales from the semiconductor industry have continued to trend upwards heading into 2017. The Semiconductor Industry Association (SIA) has recently reported that global semiconductor sales totaled a record $338.9 billion in 2016. Global semiconductor sales totaled $31 billion in December, an increase of 12.3 percent when compared to a year ago. Total sales for the fourth quarter totaled 93 billion, an increase of 12.3 percent year-over-year and an increase of 5.4 percent sequentially.
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"Following a slow start to the year, the global semiconductor market picked up steam mid-year and never looked back reaching nearly US$340 billion in sales in 2016, the industry's highest-ever annual total," said John Neuffer, president and CEO of SIA. "Market growth was driven by macroeconomic factors, industry trends, and the ever-increasing amount of semiconductor technology in devices the world depends on for working, communicating, manufacturing, treating illness, and countless other applications. We expect modest growth to continue in 2017 and beyond."
Let's Take a Closer Look at Some Top Semiconductor Stocks
Intel's shares declined 2.53 percent to close at $35.46 a share on Thursday. The stock traded between $35.40 and $36.50 on volume of 47.80 million shares traded. On February 8th, the company announced plans to invest more than $7 billion to complete Fab 42, which is expected to be the most advanced semiconductor factory in the world, in Chandler, Arizona.
The company reported adjusted earnings of $0.79 per share on revenues of $16.37 billion for the fourth quarter of 2016. Average analysts' expectations had called for adjusted earnings of $0.74 a share on revenues of $15.75 billion, according to analysts surveyed by Thomson Reuters. The company expects first-quarter revenue of $14.8 billion, plus or minus $500 million. Analysts on average were expecting $14.53 billion, according to Thomson Reuters.
Qualcomm's shares declined 0.02 percent to close at $52.88 a share on Thursday. The stock traded between $52.76 and $53.10 on volume 7.62 million shares traded. The company reported adjusted earnings were $1.19 a share for the first quarter of fiscal 2017, up from $0.97 a share in the comparable quarter a year ago and above analysts' expectations of $1.18 a share. Revenues totaled $6 billion for the fiscal first quarter of 2017, an increase of 3.45 percent year-over-year, but below analysts' expectations of $6.12 billion according to Thomson Reuters. Qualcomm expects revenues to be in the range of $5.5 billion to $6.3 billion in the current quarter.
Recently, Apple has filed two major lawsuits against the company. On February 6th, the company has extended its official tender offer for NXP semiconductors and moved the expiration date to March 7, 2017. According to the company's latest filing, approximately 14.8 percent of NXP's outstanding shares have been tendered so far.
Today's Features Includes:
Intel Corporation (NASDAQ: INTC)
QUALCOMM, Inc. (NASDAQ: QCOM)
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