Fairchild Reports Results for the Third Quarter 2015
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Susquehanna Raises Price target on Fairchild Semiconductor (FCS) Following 3Q Earnings
October 15, 2015 2:37 PM EDTSusquehanna remains Positive on Fairchild Semi (NASDAQ: FCS), and raised the price target to $20.00 (from $18.00), following the company's 3Q earnings report. FCS reported revenue of $342 mln, down 4% Q/Q, slightly ahead of the pre-announced range of $340 mln. Opex of $88 mln was down 12% Q/Q, and came in better the preannounced range of $90... More
FBR Capital Remains bullish on Fairchild Semiconductor (FCS) Following 3Q Earnings
October 15, 2015 2:32 PM EDTFBR Capital reiterated an Outperform rating and $20.00 price target on Fairchild Semi (NASDAQ: FCS) following the company's 3Q15 earnings results. The company has failed to execute on its plan laid out last analyst day. However, takeover speculation may trump fundamentals in the near term after Bloomberg printed an article yesterday claiming Fairchild is actively... More
