N@N

VECO, SOLR, AVGO, TQNT, TSM, TXN, Instruments Stocks Undervalued

^{Published on 2011-04-28 06:50:39 - WOPRAI}
 

April 28, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Instruments sector and these stocks are the most undervalued as of today. VEECO INSTRUMENTS INC (NASDAQ:VECO), GT SOLAR INTERNATIONAL INC (NASDAQ:SOLR), AVAGO TECHNOLOGIES LTD (NASDAQ:AVGO), TRIQUINT SEMICON (NASDAQ:TQNT), TAIWAN SEMICONDUCTOR-SP ADR (NYSE:TSM), TEXAS INSTRUMENTS INC (NYSE:TXN) are all expected to go Up as they are Undervalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.

The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:

     Symbol     Company Name                        Last Close     Fair Value     Valuation                   Industry               
     VECO       VEECO INSTRUMENTS INC               $50.32         $72.24         30.30% Undervalued          Instruments            
     SOLR       GT SOLAR INTERNATIONAL INC          $10.91         $15.35         28.90% Undervalued          Energy                 
     AVGO       AVAGO TECHNOLOGIES LTD              $33.39         $46.61         28.40% Undervalued          Electronic             
     TQNT       TRIQUINT SEMICON                    $13.48         $18.76         28.10% Undervalued          Electronic             
     TSM        TAIWAN SEMICONDUCTOR-SP ADR         $13.29         $18.22         27.10% Undervalued          Electronic             
     TXN        TEXAS INSTRUMENTS INC               $35.90         $49.19         27.00% Undervalued          Electronic             

Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.

Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.

VEECO INSTRUMENTS INC (NASDAQ:VECO) - Veeco Instruments Inc., together with its subsidiaries, designs, manufactures, and markets solutions for customers in the high brightness light emitting diode (HB LED), solar, data storage, scientific research, semiconductor, and industrial markets worldwide. Its LED & Solar Process Equipment segment engages in the design and manufacture of metal organic chemical vapor deposition systems that are used to make HB LEDs or solar cells; molecular beam epitaxy systems that are used in various applications, including alternative energy, power devices, and scientific research; and thermal evaporation sources and a line of Web and glass deposition systems used to create copper, indium, gallium, selenide (CIGS) thin film solar cells. The companys Data Storage Process Equipment segment designs and manufactures equipment comprising ion beam etch, ion beam deposition, diamond-like carbon, physical vapor deposition, chemical vapor deposition, and dicing and slicing systems, which are used in the production of thin film magnetic heads that read and write data on hard disk drives. The company was founded in 1945 and is headquartered in Plainview, New York.

GT SOLAR INTERNATIONAL INC (NASDAQ:SOLR) - GT Solar International, Inc. engages in the design and manufacture of manufacturing equipment; and provision of services for the production of photovoltaic (PV), wafer, cell and module, and polysilicon products worldwide. It offers chemical vapor deposition reactors and related equipment that are used to produce polysilicon to chemical companies and power generation companies. The company also provides directional solidification systems (DSS) furnaces and related equipment that cast multicrystalline ingots, which are used to make photovoltaic wafers and solar cells; and turnkey integration services, using third party wafer, cell, and module production equipment. In addition, it offers technology and engineering services for the commissioning, start-up, and optimization of its polysilicon equipment and technology; engineering packages and process licenses for the production and purification of trichlorosilane and silane; and hydrochlorination technology, which lowers power consumption of polysilicon production. Further, the company provides replacement parts and consumables used in its DSS furnaces and other PV equipment; and a range of services in connection with the sale of equipment, including facility design, equipment installation and integration, technical training, and manufacturing process optimization. It sells its products to polysilicon producers; and solar wafer, cell, and module manufacturers through its direct sales force, as well as through sales representatives. GT Solar International was founded in 1994 and is headquartered in Merrimack, New Hampshire.

AVAGO TECHNOLOGIES LTD (NASDAQ:AVGO) - Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices worldwide. The company offers RF amplifiers, RF filters, RF front end modules, ambient light sensors, light emitting diodes, low noise amplifiers, mm-wave mixers, optical finger navigation, diodes, fiber optic transceivers, serializer/deserializer ASICs, motion control encoders and subsystems, optocouplers, and optical mouse sensors. Its products are used in various applications, such as voice and data communications, camera phone, keypad and display backlighting, backlighting control, base stations, data communications, storage area networking, servers, in-car infotainment, displays, lighting, factory automation, motor controls, power supplies, optical mice, printers, and optical disk drives. The company offers its products to wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals markets. Avago Technologies Limited sells its products through a network of distributors and direct sales force. The company was founded in 2005 and is based in Singapore, Singapore.

TRIQUINT SEMICON (NASDAQ:TQNT) - TriQuint Semiconductor, Inc. (TriQuint), incorporated in 1991, is a supplier of modules, components and foundry services to communications companies. The Company's wholly owned subsidiaries include TFR Technologies, Inc., TriQuint Semiconductor Texas LP, TriQuint Semiconductor GmbH, Sawtek, Inc. and Sawtek SRL. Its products are designed on various wafer substrates, including compound semiconductor materials, such as gallium arsenide (GaAs) and piezoelectric crystals, such as lithium tantalate (LiTaO3). It sells its products and services to major communication and military equipment companies worldwide, such as Ericsson Networks, Kyocera Corp., Motorola, Inc., Nokia Corp., Northrop Grumman Corp., Raytheon Co., Royal Philips Electronics N.V., Samsung Electronics Company, Texas Instruments, Inc. and ZTE Corp. On January 5, 2005, TriQuint completed the acquisition of TFR Technologies, Inc., a manufacturer and developer of thin film resonator filters for communication applications using bulk acoustic wave (BAW) technology.

The Company has design and manufacturing facilities in Oregon, Texas and Florida, with an additional design facility in Massachusetts and application sales support offices in various locations. It also has production and assembly facility in Costa Rica, a design facility in Germany and application sales support offices in China, Japan, Korea and Taiwan.

Standard Products

TriQuint wireless handsets products include amplifier modules, filter banks, receivers, switches, duplexers, triplexers, integrated transmit modules, antenna switch modules and front-end modules. These products address the needs of system designers for low-noise, power-efficient amplification, low-loss switching, and efficient and accurate frequency conversion. The Company's products support global system for mobile communications (GSM), enhanced data rates for global evolution (EDGE), code division multiple access (CDMA) and third-generation (3G) networks.

Broadband is an umbrella term the Company uses for products, standards and technology used to support large data rates across wireless or wired networks. Bluetooth devices, cable head end and set-top boxes, global positioning system (GPS) locators, wireless local area network (WLAN), wireless fidelity (WiFi) and worldwide interoperability for microwave access (WiMAX) networks, plus voice over Internet protocol (VoIP) and video on demand (VOD) are familiar members of the broadband universe. TriQuint's products in this market include surface acoustic wave (SAW) filters, BAW filters and GaAs active devices. Specific products include high- power amplifiers, low-noise amplifiers, switches, attenuators and discrete integrated circuits.

The Company is a supplier of SAW filters for GSM, CDMA and wideband code division multiple access (WCDMA) base stations. In addition, it offers its base station customers a portfolio of other products, including general purpose GaAs, integrated circuits and foundry services. It also has a selection of GaAs, metal-semiconductor field effect transistor (MesFET), pseudomophic high electron mobility transistor (pHEMT) and heterostructure field effect transistor (HFET) power transistors for wireless handset base stations, community access television (CATV) and active antenna products.

TriQuint's products are used in long lead time, large scale programs. Once a component has been designed into an end-use product for a military application, the same component is generally used during the entire production life of the end-use product. As a result, the Company tends to produce large volumes of these components. Specific products for this market include power amplifiers (PAs) for phased-array radar antenna and similar applications for airborne systems allowing them the capability to track multiple targets simultaneously. Other products include monolithic microwave integrated circuits (MMICs), such as frequency converters, control devices, switches, discretes and oscillators.

Customer-Specific Products and Services

The Company offers a variety of p

TAIWAN SEMICONDUCTOR-SP ADR (NYSE:TSM) - Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided designing, manufacturing, packaging, testing, and selling integrated circuits and other semiconductor devices; and manufacturing masks. It offers a range of wafer fabrication processes, including processes to manufacture complementary metal oxide silicon (CMOS) logic, mixed-signal, radio frequency, embedded memory, BiCMOS mixed-signal, and other semiconductors. The companys semiconductor products include logic semiconductors that process digital data to control the operation of electronic systems, as well as standard logic devices that include microprocessors, microcontrollers, digital signal processors, graphic chips, and chip sets; and mixed-signal/RF semiconductors, which combine analog and digital devices on a single semiconductor to process analog and digital data for use in hard disk drives, wireless communications equipment, and network communications equipment. It also offers memory semiconductors that are used in electronic systems to store data and program instructions; CMOS image sensor semiconductors, which are primarily used in camera phones; and high voltage semiconductors, including high voltage CMOS, bipolar-CMOS-DMOS, and ultra-high voltage technology products for use in various panel-size display driver and power IC applications. In addition, the company offers design and technology platforms, and multi-project wafer processing services. It serves fabless semiconductor and systems companies, and integrated device manufacturers primarily in North America, Asia, and Europe. The company was founded in 1987 and is headquartered in Hsinchu, Taiwan.

TEXAS INSTRUMENTS INC (NYSE:TXN) - Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. The companys Analog segment offers high-performance analog products comprising standard analog semiconductors, such as amplifiers, data converters, and interface semiconductors; high-volume analog and logic products; and power management semiconductors and line-powered systems. Its Embedded Processing segment includes DSPs that perform mathematical computations instantaneously to process and enhance digital data; and microcontrollers, which are designed to control a set of specific tasks for electronic equipment. The companys Wireless segment designs, manufactures, and sells application processors and connectivity products. Its Other segment offers smaller semiconductor products, which include DLP products that are primarily used in projectors to create high-definition images; and application-specific integrated circuits. This segment also provides handheld graphing and scientific calculators, as well as licenses technologies to other electronic companies. The company serves communications, computing, industrial, consumer electronics, automotive, and education sectors. Texas Instruments Incorporated sells its products through a direct sales force, distributors, and third-party sales representatives. It has a collaboration agreement with PLX Technology Inc. The company was founded in 1938 and is headquartered in Dallas, Texas.

About BUYINS.NET

BUYINS.NET, www.buyins.net , monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:

REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO

INVESTMENTS & TRADING

SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.

GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.

DISCLAIMER:

BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BUYINS.NET has not been compensated by any of the above mentioned companies. Past performance is not indicative of future results. Please visit our web site, www.buyins.net , for complete risks and disclosures.

Contact:

BUYINS.NET Thomas Ronk 800-715-9999 tom@buyins.net www.buyins.net