UBS Maintains a 'Buy' on Fairchild Semi (FCS); Signs of Bottoming
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Price: $19.86 --0%
Rating Summary:
3 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
Rating Summary:
3 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
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UBS maintains a 'Buy' on Fairchild Semi (NYSE: FCS) price target raised by $1 to $16.
UBS analyst says, "Based on FCS’ comments, we believe that 4Q should be the trough as the company drains channel inventory, and we should see an upward revenue trajectory going forward, driven by favorable demand environment as indicated by improving order trends for 1Q12, new design wins, and improved new product traction. At the same time, margins should expand driven by utilization, improved factory efficiencies and mix."
"We now forecast 4Q Rev/EPS(pf) of $362m/$0.18, down from $409m/$0.34. For 2012, we lower our estimates to $1,576m/$1.26 from $1,657m/$1.43. For 2013, our new Rev/EPS estimates are $1,702m/$1.72 vs. prior estimates of $1,745m/1.71."
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 $13.49 yesterday.
UBS analyst says, "Based on FCS’ comments, we believe that 4Q should be the trough as the company drains channel inventory, and we should see an upward revenue trajectory going forward, driven by favorable demand environment as indicated by improving order trends for 1Q12, new design wins, and improved new product traction. At the same time, margins should expand driven by utilization, improved factory efficiencies and mix."
"We now forecast 4Q Rev/EPS(pf) of $362m/$0.18, down from $409m/$0.34. For 2012, we lower our estimates to $1,576m/$1.26 from $1,657m/$1.43. For 2013, our new Rev/EPS estimates are $1,702m/$1.72 vs. prior estimates of $1,745m/1.71."
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 $13.49 yesterday.
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