原创 安森美和英飞凌都在考虑收购飞兆半导体

2015-10-15 10:22 2145 22 22 分类: 采购与分销

安森美半导体 ( ONSEMI ) 周三收盘股价上扬7.08%,达到10.74美元。原因是,安森美开始与飞兆半导体公司 (Fairchild)谈判收购的可能性。

另外,据彭博通讯社消息,英飞凌科技 (IFNNY)也在考虑并购飞兆半导体公司的可能性,但谈判不一定能够达成协议。


ON Semiconductor (ON) Stock Spiked on Possible Fairchild Semiconductor Deal

 
 

NEW YORK (TheStreet) -- ON Semiconductor (ON - Get Report) stock closed higher by 7.08% to $10.74 on Wednesday, as it begins discussions with Fairchild Semiconductor (FCS) about a possible acquisition, sources told Bloomberg. 

Infineon Technologies (IFNNY) is also in talks with Fairchild Semiconductor about a possible merger, but the discussions might not necessarily result in a deal for either company, according to Bloomberg.

The semiconductor industry has had mergers and acquisitions totaling $110 billion so far this year, as companies try to combat higher production costs and a shrinking consumer base, Bloomberg reports.

 

Fairchild had a market value of about $1.63 billion at the market close on Wednesday.

ON Semiconductor, based in Phoenix, offers a portfolio of analog, digital and mixed signal ICs, image sensors and custom devices for customers to solve their design challenges in electronic systems and products.

Separately, TheStreet Ratings team rates ON SEMICONDUCTOR CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate ON SEMICONDUCTOR CORP (ON) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 11.3%. Since the same quarter one year prior, revenues rose by 16.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • ON SEMICONDUCTOR CORP's earnings per share declined by 42.9% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ON SEMICONDUCTOR CORP increased its bottom line by earning $0.43 versus $0.33 in the prior year. This year, the market expects an improvement in earnings ($0.88 versus $0.43).
  • ON's debt-to-equity ratio of 0.86 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 0.87 is weak.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. In comparison to the other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, ON SEMICONDUCTOR CORP's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income has significantly decreased by 46.1% when compared to the same quarter one year ago, falling from $94.10 million to $50.70 million.

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