Fairchild to be Listed on NASDAQ - Analyst Blog

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Leading semiconductor company Fairchild Semiconductor ( FCS ) recently announced its voluntary transfer of stock exchange listing from The New York Stock Exchange (NYSE) to the NASDAQ (National Association of Securities Dealers Automated Quotations) Global Select Market. This transfer will be effective from Oct 31, 2013.

Shares of Fairchild will cease to trade on NYSE at the closing bell on Oct 30, 2013. Its shares will commence trading on NASDAQ from Oct 31, 2013, with the ticker symbol remaining "FCS".

NASDAQ, popularly recognized as the leading exchange for growth-oriented technology companies, is the second largest stock exchange after NYSE.

Fairchild considers the new exchange to be more suited to the company and its shareholders' needs. Moreover, the company believes the transfer will be absolutely hassle-free for its investors and that they will continue to enjoy uninterrupted trading on NASDAQ.

Last week, the company reported mixed third-quarter 2013 results. While earnings beat the Zacks consensus estimates, revenues were in line.

San Jose, California-based Fairchild Semiconductor, designs, develops, manufactures and markets highly efficient semiconductors for multiple end markets across the globe. Its products are used in computers, telecommunications, automotives as well as for consumer and industrial applications. The company also provides online design tools and design centers as a part of its services.

Fairchild Semiconductor currently carries a Zacks Rank #4 (Sell). Better-placed stocks in the same industry worth considering include NXP Semiconductors N.V. ( NXPI ), Microchip Technology Inc. ( MCHP ) and Monolithic Power Systems Inc. ( MPWR ). While Microchip and Monolithic both carry a Zacks Rank #2 (Buy), NXP carries a Zacks Rank #1 (Strong Buy).



FAIRCHILD SEMI (FCS): Free Stock Analysis Report

MICROCHIP TECH (MCHP): Free Stock Analysis Report

MONOLITHIC PWR (MPWR): Free Stock Analysis Report

NXP SEMICONDUCT (NXPI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: FCS , MCHP , MPWR , NXPI

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