TPE:2379

Realtek Semiconductor's Operating Revenue Rises 22% in May

Realtek Semiconductor (TPE:2379) logged operating revenue of NT$12.5 billion for May, up 22% from NT$10.3 billion a year earlier, according to a Friday Taiwan Exchange filing.For the year to May, cumulative revenue rose to NT$61.7 billion, up 8.7% from NT$56.7 billion in the same period last year, the filing said.

Morgan Stanley Downgrades Realtek Semiconductor to Equalweight from Overweight; Price Target is NT$550