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News Breaks
November 27, 2012
05:55 EDTADI, ADI, CFI, CFI, FMCN, FMCN, GMCR, GMCRCompanies reporting After the Market Close on Tuesday, November 27
Notable companies reporting after the bell include Analog Devices (ADI), Culp (CFI), Green Mountain (GMCR) and Focus Media Holding (FMCN).
News For ADI;CFI;FMCN;GMCR From The Last 14 Days
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February 11, 2016
13:37 EDTGMCROptions with decreasing implied volatility
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12:32 EDTADIMaxim evades sell-off as the possibility of a bid from TI materializes
Shares of analog semiconductor maker Maxim Integrated Products (MXIM) are evading a broad market sell-off after research firm Macquarie mentioned the firm as a possible takeover candidate by Texas Instruments (TXN). WHAT'S NEW: In a research note from Wednesday, Macquarie analyst Deepon Nag said Texas Instruments could make a bid for Maxim Integrated. The analyst contended that although TI is in no hurry to make an acquisition, the chip giant has historically been an opportunistic buyer of distressed assets. The recent market sell off has created an opportunity in that regard as semiconductor companies are off their highs. Maxim is well off its October high of $42.18 and is currently trading at approximately $31.43 per share. The analyst believes Maxim Integrated fits Texas Instruments criteria of focusing on a strong R&D team, broad customer base, and focus on industrial and automotive end markets. Nag also believes that with additional synergies, Maxim could drive free cash flow yield of roughly 9%, above Texas' current yield of 7%. WHAT'S NOTABLE: Speaking at the Goldman Sachs Technology & Internet Conference on midday Wednesday, Texas Instruments Chief Financial Officer Kevin March spoke of the company's efforts in analog markets, especially in the automotive sector. When asked about the company's M&A strategy, March highlighted the importance of free cash flow, or FCF, that an acquisition can generate. According to Macquarie analyst Deepon Nag, a Maxim acquisition could improve TI's free cash flow yield by 2%. March stressed the importance of a strategic fit that's going to further the company's efforts in industrial and automotive. "So, when we take a look at M&A, the thing that we look at first and foremost is, does it fit our portfolio, is it strategically going to help us. Is it going to help us advance our position in industrial and automotive. It's probably going to be an analog company." said March, speaking at the Goldman conference. PRICE ACTION: Shares of Maxim are up fractionally to $31.25 in midday trading, while Texas Instruments is down over 1% to $50.13. OTHERS TO WATCH: Other chip makers in the analog space include Analog Devices (ADI) and Linear Technology Corporation (LLTC).
February 9, 2016
12:32 EDTGMCROptions with decreasing implied volatility
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February 8, 2016
14:01 EDTGMCREarnings Watch: Analysts becoming more positive on Coca-Cola
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10:13 EDTGMCROptions with decreasing implied volatility
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February 4, 2016
11:15 EDTADIBroadcom, Analog Devices seen as beneficiaries of cellular/Wi-Fi convergence
Shares of three companies involved in cellular and Wi-Fi technology -- Broadcom Limited (AVGO), Analog Devices (ADI), and Microsemi Corporation (MSCC) -- are all trading higher after a Sterne Agee research note suggested they would benefit from a trend toward the convergences of the two communications technologies. WHAT'S NEW: On February 3, Qualcomm (QCOM) and Deutsche Telekom (DTEGY) announced that, through the aggregation of licensed and unlicensed spectrum bands, recent testing demonstrated the ability of LTE Licensed-Assisted Access, or LAA, to extend coverage and increase network capacity, while delivering seamless mobility, and ensuring a fair coexistence with Wi-Fi in unlicensed spectrum. "LAA is one of the key technologies that will help satisfy the increasing demand for data and better mobile connectivity," said Deutsche Telekom Chief Technology Officer Bruno Jacobfeuerborn. "The trial will help the wireless ecosystem and key stakeholders verify and experience the benefits of LAA first hand." WHAT'S NOTABLE: Sterne Agee CRT analyst Douglas Freedman believes the line between cellular and Wi-Fi is likely to blur, pointing to the Qualcomm-Deutsche Telekom partnership as an example of this technology trend. Freedman said three stocks that could benefit from the shift are Broadcom Limited, given its premium RF filtering and Wi-Fi connectivity solutions, Analog Devices, because of its increased data converter content in small cell applications, and Microsemi Corporation, due to its Wi-Fi access point and timing enablers. The firm has Buy ratings on all three stocks. PRICE ACTION: In late morning trading, Broadcom was trading higher by 2.2%, Analog Devices was up fractionally and Microsemi rose 1%.
10:10 EDTGMCROptions with decreasing implied volatility
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09:18 EDTADISterne Agee CRT names three winners from convergence of cellular, Wi-Fi
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07:56 EDTGMCRSONIC, Keurig Green Mountain announce coffee partnership
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February 1, 2016
08:19 EDTGMCRKeurig Green Mountain will not be issuing Q1 earnings or updating guidance
As previously disclosed, on December 6, 2015, Keurig Green Mountain entered into an Agreement and Plan of Merger by and among Acorn Holdings B.V., a private limited liability company incorporated under the laws of the Netherlands, Maple Holdings Acquisition Corp.. Due to the pending Merger, the company is neither updating nor reaffirming its prior earnings guidance, and will not be issuing a fiscal first quarter 2016 earnings release or holding a fiscal first quarter 2016 earnings call for investors and financial analysts.
January 29, 2016
12:24 EDTGMCRCitron sees Monster Beverage shares hitting $80 in near term
Shares of Monster Beverage (MNST) are likely to hit $80 in the near term, Citron Research writes in a new research report on the energy drink maker. The short-selling research firm says valuing Monster versus Dr Pepper Snapple (DPS) results in 48% downside for the stock. "For the sake of the benefit of the doubt we used the post GMCR takeout value as a benchmark to get to $80 a share for Monster," Citron states. Monster shares are down $7.15, or 5%, to $130.05 in midday trading. Reference Link

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