UBS Maintains a 'Buy' on Fairchild Semi (FCS); Positioned for Mobile Ramp in Second Half '12

July 20, 2012 3:29 PM EDT
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Price: $19.86 --0%

Rating Summary:
    4 Buy, 12 Hold, 1 Sell

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    Up: 35 | Down: 31 | New: 11
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UBS maintains a 'Buy' on Fairchild Semi (NYSE: FCS) price target of $16.00.

Analyst, Parag Agarwal, believes Fairchild is positioned for a second half (2012) mobile ramp.

Fairchild's CEO commented in yesterday's Q2 press release:

“We reported solid sequential sales growth in the second quarter despite a challenging macro-economic environment,” said Mark Thompson, Fairchild’s president and CEO. “Distribution sell-through increased more than 14% from the prior quarter after adjusting for the extra week in Q1. Demand continues to be strong for our mobile and mid-voltage product lines. We are confident we can grow our sales into the mobile end market in the second half given our backlog and design win pipeline at key customers. While we believe we can increase sales in other end markets as well, our guidance reflects a healthy level of conservatism given the current economic uncertainties.”

For an analyst ratings summary and ratings history on Fairchild Semi click here. For more ratings news on Fairchild Semi click here.

Shares of Fairchild Semi closed at $13.68 yesterday.

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