Watching Chartered Semiconductor Manufacturing, Ltd.

Posted on January 29, 2006 , filed under Stocks | Print This Post

I have added CHRT, Chartered Semiconductor Manufacturing, Ltd. to my watchlist. The company is an independent semiconductor foundry, provides wafer fabrication services and technologies to semiconductor suppliers and systems companies primarily in North America, Europe, and Asia. The company recently reported a profitable 4th quarter, 2005.

Here is a quote taken from this AP press release:

Chartered Semiconductor Manufacturing Ltd. said on Thursday it swung to a fourth quarter profit, driven by record revenue, which increased 93 percent over last year.

The independent semiconductor foundry said income for the quarter was $26.5 million, or a penny per share, reversing a loss of $26.8 million, or a penny per share, last year. Revenue for the quarter was $367.2 million, up from $190.6 million last year.

Chartered Semiconductor is a Singapore based semiconductor fabricator. You can track the stock in Singapore by following CSMF.SI

Chartered Semiconductor’s 4th quarter results shows the growing global demand for semiconductor fabricators. It will be important for investors to watch 1st quarter, 2006, performance. Traditionally 1st quarter results for semiconductor fabricators has been slow. If TSM, UMC and CHRT all manage to post better than expected results, I expect all three stocks to move more than 30% upward from current prices during the remainder of 2006.

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