Intel Corporation (NASDAQ:INTC) posted impressive numbers for its second quarter, reporting EPS of $ 0.55 and revenue of $ 13.83 billion which beat estimates by $ 0.02 and $ 140 million respectively. The semiconductor giant pumped up its buyback program by $ 20 billion and issued excellent guidance for the full year. Revenues were up 8% sequentially to $ 13.83 billion.

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Intel Corporation (INTC)

Analysts at Deutsche bank reaffirmed their Buy rating and increased their price target from $ 35-$ 40 per share.

In an industry update dated July 16, 2014 on Semiconductors: Processors and Components, Stifel analysts Kevin E Cassidy and Dean Grumlose sift through the Intel Corporation (NASDAQ:INTC) numbers looking for clues that could shed light on the performance of other players in the industry.

Mellanox Technologies, Ltd. (MLNX)

Mellanox Technologies, Ltd. (NASDAQ:MLNX) is a leading supplier of end-to-end InfiniBand and Ethernet interconnect solutions and services for servers and storage.

The Stifel analysts are impressed by the 15% quarter on quarter growth reported by Intel Corporation (NASDAQ:INTC) in the cloud, networking, high-performance computing and enterprise businesses. Further, data center (server) volumes were up 12% quarter on quarter on higher average realizations of 3%. These figures suggest that the market absorbed more of higher end processors with the consequent impact on high-speed memories and network equipment.

This should be beneficial for Mellanox Technologies, Ltd. (NASDAQ:MLNX), the market leader in high-performance computing. “If Mellanox’ HPC related revenues increase 10% q/q, this should be enough for Mellanox revenues and earnings beat consensus estimate for ~4% q/q increase,” say the Stifel analysts.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) will hold its Q2 2014 earnings call on July 24, 2014. Analysts estimate EPS of $ 0.10 and revenue of $ 102.66 million.

Stifel has a Buy rating on the company and a price target of $ 35.77.

The Marvell Technology Group Ltd. (MRVL)

Marvell Technology Group Ltd. (NASDAQ:MRVL) is a global leader in providing complete Silicon solutions and Kinoma software enabling the “Smart Life and Smart Lifestyle.” Its product portfolio covers mobile communications, storage, Internet of Things, cloud infrastructure, digital entertainment and in-home content delivery.

According to Stifel, Intel’s growth of 12% quarter on quarter in PC unit shipments means that Marvell’s PC related shipments of HDD/SSD may also report higher for the second quarter. Just an 8% sequential increase in volumes could add $ 0.02 to EPS and about $ 30 million in revenues.

Marvell Technology Group Ltd.(NASDAQ:MRVL) will report Q2 2015 earnings on August 18, 2014. Analysts estimate EPS of $ 0.28 and revenue of $ 961.38 million.

Stifel has a Buy rating on the company and a price target of $ 14.18.

SanDisk Corporation (SNDK) and Micron Technology, Inc. (MU)

The Stifel analysts point to the likelihood of higher demand for the DRAM chips and solid state drives manufactured by these companies. Higher commercial PC and data-center demand are positive market developments for these companies.

Micron Technology, Inc. (NASDAQ:MU) will report Q4 2014 earnings on October 8, 2014. Analysts expect EPS of $0.79 and revenue of $4.14B. Stifel has a Buy rating on the company and a price target of $ 34.02.

SanDisk Corporation (NASDAQ:SNDK) will report Q3 2014 earnings on October 14, 2014. Analysts expect EPS of $1.50 and revenue of $1.71B. Stifel has a Buy rating on the company and a price target of $ 105.56.