Leading semiconductor company
) 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
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
Fairchild Semiconductor currently carries a Zacks Rank #4
(Sell). Better-placed stocks in the same industry worth
NXP Semiconductors N.V.
Microchip Technology Inc.
Monolithic Power Systems Inc.
). 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
MICROCHIP TECH (MCHP): Free Stock Analysis
MONOLITHIC PWR (MPWR): Free Stock Analysis
NXP SEMICONDUCT (NXPI): Free Stock Analysis
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