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    Actions Semiconductor raises Q3 Outlook; Shares Gain

    Actions Semiconductor raises Q3 Outlook; Shares Gain

    Shares of Actions Semiconductor Co. Ltd. (ADR) (NASDAQ: ACTS), a fables semiconductor company engaged in the design, development and marketing of integrated platform solutions, are climbing in today’s trading after the company raised its third-quarter outlook.

    At last check, Actions Semiconductor shares were trading 4.62% higher at $2.04, with volume up from daily average of 22,297 to 55,902. The stock reached a high of $2.10 in early trading.

    Actions Semiconductor said that it expects third-quarter revenue to come in between $15 million-$15.5 million, compared with previous guidance of $12 million-$13 million. Third-quarter gross margin is expected to come in at 40%.

    Niccolo Chen, CEO of Actions Semiconductor, said that during the third quarter, the company experienced stronger-than-expected demand for its products across a number of end markets, with particular strength in the automotive and boombox and high definition segments. Chen also said that within the company’s high definition segment, shipments of its Series 27 product line, which addresses some of the most advanced segments of the portable video device market, increased during the quarter following a number of design wins that were secured in the second quarter.

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