The majority of the quarterly earnings reports are out. As of Jul 29, 84.6% of the technology sector stocks have reported their quarterly numbers. The sector has so far reported better-than-expected results. However, total earnings are down 0.9% on a year-over-year basis in spite of 2.1% higher revenues.
While growth in the sector has been led by the Software/Services industry with Alphabet reporting 44.3% earnings growth on 22.1% higher revenues and Facebook reporting 158% earnings growth on 59.2% higher revenues, the hardware industry has been a drag, with Apple reporting an earnings decline of 27% on 14.6% lower revenues.
Let’s take a look at four semiconductor stocks – Microchip Technology Inc. (MCHP - Free Report) , ON Semiconductor Corp. (ON - Free Report) , MaxLinear, Inc. (MXL - Free Report) and Inphi Corporation – which are scheduled to release quarterly numbers on Aug 8.
Microchip Technology will report first-quarter fiscal 2017 results. The company develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. For the quarter, this Zacks Rank #3 (Hold) stock has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 68 cents. Last quarter, the company posted a positive earnings surprise of 8.33%. Notably, Microchip Technology has outperformed the Zacks Consensus Estimate in the trailing four quarters, resulting in an average positive earnings surprise of 6.07%.
ON Semiconductor is set to report second-quarter 2016 results. The company is a supplier of broadband and power management integrated circuits and standard semiconductors used in numerous advanced devices ranging from high-speed fiber optic networking equipment to precise power management functions found in portable electronics. For the quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 20 cents. Last quarter, the company posted a positive earnings surprise of 13.33%. Notably, ON Semiconductor has outperformed the Zacks Consensus Estimate only once in the trailing four quarters and matched the same on the other occasions, resulting in an average positive earnings surprise of 3.33%.
MaxLinear will report second-quarter 2016 results. The company is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. For the quarter, this Zacks Rank #2 (Buy) company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 37 cents. Last quarter, the company posted a positive earnings surprise of 5.13%. Notably, MaxLinear has surpassed the Zacks Consensus Estimate in three out of the four preceding quarters with an average positive earnings surprise of 8.15%.
Inphi Corporation will report second-quarter 2016 results. The company operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. For the quarter, this Zacks Rank #4 (Sell) company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 8 cents. Last quarter, the company posted a positive earnings surprise of 37.50%. Notably, Inphi Corporation has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive earnings surprise of 73.33%.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The majority of the quarterly earnings reports are out. As of Jul 29, 84.6% of the technology sector stocks have reported their quarterly numbers. The sector has so far reported better-than-expected results. However, total earnings are down 0.9% on a year-over-year basis in spite of 2.1% higher revenues.
While growth in the sector has been led by the Software/Services industry with Alphabet reporting 44.3% earnings growth on 22.1% higher revenues and Facebook reporting 158% earnings growth on 59.2% higher revenues, the hardware industry has been a drag, with Apple reporting an earnings decline of 27% on 14.6% lower revenues.
Let’s take a look at four semiconductor stocks – Microchip Technology Inc. (MCHP - Free Report) , ON Semiconductor Corp. (ON - Free Report) , MaxLinear, Inc. (MXL - Free Report) and Inphi Corporation – which are scheduled to release quarterly numbers on Aug 8.
Microchip Technology will report first-quarter fiscal 2017 results. The company develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. For the quarter, this Zacks Rank #3 (Hold) stock has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 68 cents. Last quarter, the company posted a positive earnings surprise of 8.33%. Notably, Microchip Technology has outperformed the Zacks Consensus Estimate in the trailing four quarters, resulting in an average positive earnings surprise of 6.07%.
ON Semiconductor is set to report second-quarter 2016 results. The company is a supplier of broadband and power management integrated circuits and standard semiconductors used in numerous advanced devices ranging from high-speed fiber optic networking equipment to precise power management functions found in portable electronics. For the quarter, this Zacks Rank #3 company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 20 cents. Last quarter, the company posted a positive earnings surprise of 13.33%. Notably, ON Semiconductor has outperformed the Zacks Consensus Estimate only once in the trailing four quarters and matched the same on the other occasions, resulting in an average positive earnings surprise of 3.33%.
MaxLinear will report second-quarter 2016 results. The company is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. For the quarter, this Zacks Rank #2 (Buy) company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 37 cents. Last quarter, the company posted a positive earnings surprise of 5.13%. Notably, MaxLinear has surpassed the Zacks Consensus Estimate in three out of the four preceding quarters with an average positive earnings surprise of 8.15%.
Inphi Corporation will report second-quarter 2016 results. The company operates as a provider of fabless high-speed analog semiconductor solutions for the communications and computing markets. For the quarter, this Zacks Rank #4 (Sell) company has an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for the quarter is pegged at 8 cents. Last quarter, the company posted a positive earnings surprise of 37.50%. Notably, Inphi Corporation has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive earnings surprise of 73.33%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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