Catalyst Semiconductor (Nasdaq: CATS) - 500 Beiträge pro Seite

[DukeTrader]

Profile:
Catalyst Semiconductor, Inc. designs, develops and markets a line of reprogrammable non-volatile memory products and analog and mixed-signal products. It offers a range of serial electrically erasable programmable read only memory (EEPROM) products compatible with the three industry standard bus interface protocols: the inter-integrated circuit, bus interface of Philips Electronics; the microwire interface protocol of National Semiconductor, and the serial peripheral interface, bus protocol of Motorola. It also offers flash memory in a small number of densities. The Company`s analog and mixed-signal products include supervisory products with EEPROM, supervisory products without memory, digitally programmable potentiometers, white light emitting diodes drivers, direct current (DC) to DC converters and interface input/output expanders.

http://www.catalyst-semiconductor.com/


Fundamentals:
Book Value/Share ($) 3.57
Cash Per Share ($) 2.52
Current Ratio (MRQ) 4.95
Div/Yield % NA
Earn/Shr ($) 0.46 (2004), 0.55 (2005)
Ex-Div Amt. ($) NA
Ex-Div Date NA
Float¹ 17.50
Market Cap¹ 106.77
P/E (TTM) 12.56 (2004), 10.75 (2005)
Price/Book (MRQ) 1.64
Price/Cash Flow (TTM) 9.38
Price/Revenue (TTM) 1.72
PEG (TTM) 0.75
ROA (TTM) 17.11
ROE (TTM) 20.98
Shares Out¹ 18.22
Total Debt/Equity (MRQ) 0.00


Charts:





CATS
- ist noch relativ unentdeckt (s. Umsätze).
- hat sogar im Rezessionsjahr 2001 Gewinne geschrieben.
- ist sehr niedrig bewertet
- hat ein schönes Cashpolster ($45.9 Mio.)
- ist relativ nah am ATH, was man von fast allen anderen Chipaktien nicht behaupten kann.
- hat den SOX in den letzten 3 Jahren klar outperformt
- sieht charttechnisch gut aus: Im August Pullback an den Buy-Trigger bei $4.30, heute an der Unterkante des kurzfristigen Aufwärtstrends


Fazit:
Kaufen.

[DukeTrader]

Die letzten Quartalszahlen (man beachte das Aktienrückkaufprogramm von 1 Mio. Shares!):


Business Editors/High-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 26, 2004--Catalyst Semiconductor, Inc. (Nasdaq: CATS), a developer and marketer of programmable and analog mixed signal products used in telecommunications, networking systems, computation, automotive,industrial and consumer markets, today reported financial results for its fiscal first quarter ended July 31, 2004.
For the fiscal first quarter ended July 31, 2004, Catalyst had net income of $2.2 million, or $0.12 per diluted share, on revenues of $16.7 million. This compares with net income of $920,000, or $0.05 per diluted share, on revenues of $13.8 million in the quarter ended July31, 2003. In the quarter ended April 30, 2004, Catalyst reported netincome of $5.6 million, or $0.29 per diluted share, on revenues of $16.8 million.
Revenues from analog/mixed signal products were $766,000, or 4.6%of revenues, in the quarter ended July 31, 2004, compared with$277,000, or 2.0% of revenues, in the quarter ended July 31, 2003 and $490,000, or 2.9% of revenues, in the quarter ended April 30, 2004.
Gross margin for the quarter ended July 31, 2004 was 51.9%, compared to 37.2% for the quarter ended July 31, 2003 and 49.0% for the quarter ended April 30, 2004. First quarter sales reflected a better mix of new products and included increased sales of less expensive inventory purchased in previous quarters.
Catalyst recorded tax expense of $1.3 million, or 37% of netincome before taxes during the quarter ended July 31, 2004. This compares to an income tax expense of $162,000 in the quarter ended July 31, 2003 and a tax benefit of $2.2 million in the quarter ended April 30, 2004.
Research & Development and Sales, General and Administrative expenses increased 38% and 21%, respectively, from the quarter ended July 31, 2003. Research & Development and Sales, General andAdministrative expenses both increased 7% from the quarter ended April30, 2004, reflecting increased efforts to develop and promote emerging analog/mixed signal products.
As of July 31, 2004, Catalyst had cash, cash equivalents and short-term investments of $45.8 million, an increase of $12.0 million compared to the previous quarter as $8.0 million of cash was raised in a secondary common stock offering. Additionally, the company received $369,000 from stock option exercises and $3.6 million was generated by operations.
Catalyst also announced today that its Board of Directors authorized the repurchase in open market transactions from time to time of an additional 1,000,000 shares, or an aggregate of 3,000,000 shares. To date, Catalyst has repurchased approximately 1.5 million shares under this program.

Management Comments & Outlook

"Our efforts to target higher margin sales opportunities have resulted in a near record quarterly gross margin of 51.9%. Also contributing to this was the lower cost inventories that we had acquired earlier and an increase in revenues from our analog/mixedsignal products. It is encouraging to see the progress being made in growing the revenues from our analog/mixed signal products but this product line is still emerging and is subject to quarterly variations in its growth rate," said Gelu Voicu, president and chief executive officer. "Nevertheless, as fab capacities have tightened we expect gross margins to be under pressure."

Investor Conference Call

Catalyst will conduct a conference call regarding the first fiscalquarter results beginning at 2:00 p.m. (Pacific Time) today. The callwill be available to all investors and media via the company´s Website www.catalyst-semiconductor.com, at www.companyboardroom.com, orby dialing 800-865-4425 (domestic only). International callers dial973-935-2100. A replay of the call will be aired from approximately4:00 p.m. today until midnight (Pacific) on September 3, 2004 at thecompany´s Web site or by dialing 877-519-4471 (domestic) or973-341-3080 (international), entering reservation number 5047880 andfollowing operator instructions.

About Catalyst Semiconductor

Founded in 1985, Catalyst Semiconductor, Inc. is headquartered inSunnyvale, California. The Company designs and markets a broad rangeof programmable products including Serial and Parallel EEPROMs withI2C, SPI and Microwire interfaces, Flash Memories, NVRAM, DigitallyProgrammable Potentiometers, Microcontroller Supervisory circuits andother programmable Analog/Mixed Signal products. Catalyst products areused in telecommunications, networking systems, computation,automotive, industrial and consumer markets. Typical applicationsinclude optical networks, modems, wireless LANs, network cards, PCBIOS, DIMM modules, cellular telephones, digital satellite boxreceivers, set-top boxes and Internet routers. Catalyst´s QualityManagement System is ISO 9001 certified. For additional informationabout Catalyst Semiconductor, visit our web site atwww.catalyst-semiconductor.com.

Forward-Looking Statements

Certain statements in this press release, including statements regarding increasing future revenues and profit margins, the introduction of new products, future shipments and market share, and adding new customers are forward looking statements that are subjectto risks and uncertainties. These risks and uncertainties, which could cause Catalyst´s results to differ materially from the forward-looking statements and include, without limitation: increasedcompetition in the markets for Catalyst´s products leading todecreased average selling prices; the continued growth of the marketsfor Catalyst´s products; market acceptance and demand for Catalyst´snew products; potential errors, latent defects, design flaws or otherproblems with any of Catalyst´s products; volatility in supply anddemand for Catalyst´s products which would adversely affect revenuesand market prices; price and availability of foundry services,assembly and test subcontract capacity which are required to meetCatalyst´s financial targets and/or meet backlog requirements; timing,future development, cost and market acceptance of Catalyst´s newproducts and the other risks detailed from time to time in Catalyst´sSecurities and Exchange Commission filings and reports, including, butnot limited to, Catalyst´s annual report filed on form 10-K andquarterly reports filed on form 10-Q. Catalyst disclaims anyobligation to update information contained in any forward lookingstatement.

CATALYST SEMICONDUCTOR, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) July 31, April 30, 2004 2004 ---------- ---------- ASSETSCurrent assets: Cash and cash equivalents $21,934 $17,245 Short-term investments 23,911 16,564 Accounts receivable, net 10,736 12,547 Inventories 9,802 6,960 Deferred tax assets 5,024 5,024 Other assets 773 875 ---------- ---------- Total current assets 72,180 59,215Property and equipment, net 3,187 3,334Deferred tax assets 4,098 4,098Other assets 205 218 ---------- ---------- Total assets $79,670 $66,865 ========== ========== LIABILITIES AND STOCKHOLDERS´ EQUITYCurrent liabilities: Accounts payable $ 6,418 $ 5,016 Accrued expenses 4,546 3,782 Deferred gross profit on shipments to distributors 3,634 4,079 ---------- ---------- Total current liabilities 14,598 12,877Total stockholders´ equity 65,072 53,988 ---------- ---------- Total liabilities and stockholders´ equity $79,670 $66,865 ========== ========== UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Three Months Ended ------------------------- July 31, July 31, 2004 2003 -------------------------Net revenue $ 16,711 $ 13,847Cost of revenues 8,036 8,700 ---------- ----------Gross profit 8,675 5,147Research and development 2,143 1,548Selling, general and administration 3,158 2,607 ---------- ----------Operating income 3,374 992Net interest income 109 90 ---------- ----------Income before taxes 3,483 1,082Income tax provision 1,289 162 ---------- ----------Net income $ 2,194 $ 920 ========== ==========Net income per share: Basic $ 0.13 $ 0.06 ========== ========== Diluted $ 0.12 $ 0.05 ========== ==========Weighted average common shares outstanding: Basic 16,759 16,358 ========== ========== Diluted 19,022 18,755 ========== ==========

[borazon]

CATS hatte ich 2002-2004, Kauf bei 3$, Verkauf knapp 8$.
So bei 4$ rum wär ich wieder dabei.
In nächster Zeit rechne ich bei den Chips mit noch günstigeren Kursen.
Vielleicht enttäuscht TXN heute auch noch mit den Q-Zahlen.

[borazon]

Catalyst shares fall 13% on Q2 results



By Chelsea Bellows, CBS MarketWatch
Last Update: 7:24 PM ET Dec. 2, 2004

SAN FRANCISCO (CBS.MW) -- Catalyst Semiconductor Inc. shares fell more than 13 percent in after-hours trading Thursday following a quarterly report that severely missed analysts` earnings and revenue expectations.

Catalyst (CATS: news, chart, profile) CEO Gelu Voicu said in a statement that earnings fell short of Wall Street`s estimates because of weaker demand for its memory products.

For its second quarter Catalyst earned $1 million, or 5 cents a share, up from earnings of $426,000, or 2 cents a share, in the same period a year ago. The chip maker reported revenue for the quarter of $15.6 million, up from $16 million a year ago.

Analysts polled by Thomson First Call had expected second-quarter earnings of 11 cents a share and revenue of $17 million.

In Thursday`s regular trading session shares climbed 8 cents, or 1.32 percent, to close at $6.12. But after earnings were posted, shares tumbled 13.4 percent in after-hours trading to $5.30.

Voicu said he expects challenging market conditions to continue but is "encouraged by the traction we have achieved and the continuing demand for our new analog/mixed signal products."

Wall Street has forecast third-quarter earnings of 10 cents a share and revenue of $18 million.