It is important to note that semiconductor and tech trends are considered to be leading indicators of technology and broader electronics demand. A few major semiconductor and other tech companies are scheduled to report their earnings soon, and what they say will be felt throughout the rest of the market.

Intel Corp. (NASDAQ: INTC) is scheduled to report its second-quarter financial results Wednesday July 15. Thomson Reuters has consensus estimates of $0.51 in earnings per share (EPS) on $13.11 billion in revenue. In the same period of the previous year, Intel posted EPS of $0.55 and revenue of $13.83 billion. Shares of Intel were up 1.2% at $29.26 Friday morning. The stock has a consensus analyst price target of $34.14 and a 52-week trading range of $28.82 to $37.90.

Google Inc. (NASDAQ: GOOGL) is set to report its most recent quarterly earnings this coming Thursday. The consensus estimates call for $6.70 in EPS on $17.75 billion in revenue. The previous year, Google had $6.08 in EPS on $15.96 billion in revenue. Google shares were up 2.1% at $556.09, in a 52-week trading range of $490.91 to $608.91. The stock has a consensus analyst price target of $640.44.

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Seagate Technology PLC (NASDAQ: STX) is on deck with its fiscal fourth-quarter earnings. The consensus estimates call for $0.95 in EPS on $3.19 billion in revenue. In the same period of the previous year, it posted $1.10 in EPS on revenue of $3.30 billion. Shares of Seagate were up 0.6% Friday, at $46.32 in a 52-week range of $45.27 to $69.40. The consensus analyst price target is $61.39.

Cypress Semiconductor Corp. (NASDAQ: CY) is reporting its second-quarter earnings in the coming weeks. Consensus estimates call for $0.13 in EPS and $487.50 million in revenue, compared to the same period in the previous year when it posted $0.16 in EPS on revenue of $183.60 million. Shares were up 3% to $11.85. The consensus price target is $16.75, and the 52-week trading range is $8.04 to $16.25.

Advanced Micro Devices Inc. (NASDAQ: AMD) warned that its revenue for the second quarter is expected to be lower than previously guided. AMD now expects this revenue to decrease roughly 8% sequentially, compared to the previous guidance of down 3%, plus or minus 3%. Gross margin is now expected to be about 28%, compared to the previous guidance of 32%. Shares of AMD were up 1.3%, at $2.01 in a 52-week range of $1.93 to $4.80. The consensus price target is $2.45.

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