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Stock Market & Financial Investment News

News Breaks
January 24, 2013
07:38 EDTFCSFairchild Semiconductor sees Q1 revenue $330M-$350M, consensus $345.77M
Says current scheduled backlog is nearly sufficient to achieve the low end of this range. Sees adjusted gross margin to be 29% plus or minus 50 basis points due primarily to lower factory loadings and incrementally higher start up costs at our 8 inch wafer fab in Korea. The adjusted tax rate is forecast at 15% plus or minus 3 percentage points for the quarter.
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September 10, 2014
10:00 EDTFCSOn The Fly: Analyst Downgrade Summary
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06:32 EDTFCSFairchild downgraded to Neutral from Outperform at RW Baird
Baird downgraded Fairchild to Neutral to reflect expectations for a Q4 slowdown in notebooks, TD-LTE smartphones, and servers and now sees indications where MOSFET and MCU lead times are starting to pull in. The firm sees little upside to Q4 estimates and likely reductions in Q1. Price target lowered to $18 from $20.

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