FBR Capital Maintains an 'Outperform' on Fairchild Semi (FCS); Pulls Another Rabbit As Growth Drivers Hit
Get Alerts FCS Hot Sheet
Price: $19.86 --0%
Rating Summary:
3 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Rating Summary:
3 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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FBR Capital maintains an 'Outperform' on Fairchild Semi (NYSE: FCS), PT upped by $1 to $25.
FBR analyst says, "FCS reported another "beat and raise" quarter with robust financial results as key growth drivers engage in its high-voltage business. Indeed, listening to today's conference call makes it clear that this is not the same Fairchild as in years past with industrial- and white goods–driven product cycles in its smart power module business (+65% YOY in 2010 and similar growth likely in 2011), high-voltage MOSFETs and IGBTs, and mobile-driven product cycles in USB switches and battery charged devices. Gross margins should ramp further, toward 38%–39% this year and toward 39%–40% next year, driven by higher revenue levels, factory efficiencies, and better industrial product mix...raise our 2011 pro forma EPS estimate from $1.60 to $1.70, our 2012 estimate from $1.70 to $1.85."
For more ratings news on Fairchild Semi click here and for the rating history of Fairchild Semi click here.
Shares of Fairchild Semi closed at $19.18 yesterday.
FBR analyst says, "FCS reported another "beat and raise" quarter with robust financial results as key growth drivers engage in its high-voltage business. Indeed, listening to today's conference call makes it clear that this is not the same Fairchild as in years past with industrial- and white goods–driven product cycles in its smart power module business (+65% YOY in 2010 and similar growth likely in 2011), high-voltage MOSFETs and IGBTs, and mobile-driven product cycles in USB switches and battery charged devices. Gross margins should ramp further, toward 38%–39% this year and toward 39%–40% next year, driven by higher revenue levels, factory efficiencies, and better industrial product mix...raise our 2011 pro forma EPS estimate from $1.60 to $1.70, our 2012 estimate from $1.70 to $1.85."
For more ratings news on Fairchild Semi click here and for the rating history of Fairchild Semi click here.
Shares of Fairchild Semi closed at $19.18 yesterday.
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