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November 19, 2010
07:19 EDTADIAnalog Devices should be bought ahead of Monday's results, says Citigroup
Citigroup recommends using the recent weakness in Analog Devices shares as a buying opportunity ahead of the company's Q4 results on Monday. The firm says recent channel checks indicate better than expected industrial revenue and stabilizing orders. Note that Auriga maintained a Sell rating on Analog Devices this morning, saying consensus estimates for 2011 seem optimistic.
News For ADI From The Last 14 Days
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October 13, 2015
08:16 EDTADIThingWorx, Analog devices team to offer cloud environment for IoT apps
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October 12, 2015
11:29 EDTADIBattleground: Analysts diverge on Apple with new iPhone forecasts
Two research firms had very different views on the outlook for Apple's (AAPL) iPhone sales today. Citing "surprisingly robust" demand in the U.S. and China" and "record iPhone share gains," Morgan Stanley raised its fiscal 2016 iPhone unit growth estimate to up 7% from up 3%. Meanwhile, Pacific Crest estimates that 67M iPhones will be shipped in the fourth quarter, versus the consensus outlook of 76M. BULLISH TAKE: After conducting surveys about smartphones in the U.S. and China, Morgan Stanley analyst Katy Huberty raised her fiscal 2016 iPhone unit growth estimate to 7% from 3%. Moreover, iPhone unit growth could realistically reach 12% in fiscal 2016 in a bullish scenario, the analyst stated. The percentage of U.S. consumers who expect to buy a smartphone over the next 12 months has risen compared with a year ago, Huberty reported. Meanwhile, China, where consumers replace their smartphones more often, is becoming a bigger part of the global smartphone market, she stated. Additionally, Apple's share of the high end smartphone market in China should increase 16 percentage points, while its share of the U.S. smartphone market should increase four percentage points, the analyst estimated. She raised her price target on Apple to $162 from $155 and kept an Overweight rating on the shares. BEARISH TAKE: After conducting checks with iPhone component makers, Pacific Crest analyst John Vinh reported that Apple, "in response to disappointing sales," had reduced its component orders for Q4 by about 15%. Based on his conversations with carriers, Vinh believes that initial sales of Apple's iPhone 6s have been below expectations. The analyst expects Q4 iPhone sales to come in at 67M versus the consensus estimate of 76M. WHAT'S NOTABLE: Vinh trimmed his estimates on iPhone component makers Analog Devices (ADI), ARM Holdings (ARMH), Avago (AVGO), InvenSense (INVN), Qorvo (QRVO), Skyworks (SWKS), and Synaptics (SYNA). However, the analyst is upbeat on the longer term outlook for ARM Holdings, Avago and Skyworks and recommends buying those names on "any meaningful pullbacks." In conjunction with her note, Huberty recommended that investors own the shares of iPhone component makers Qualcomm (QCOM), Sony (SNE) and ARM Holdings, as well as those of SanDisk (SNDK), which develops flash memory used in the iPhone. PRICE ACTION: In late morning trading, Apple was flat near $112 per share.
07:59 EDTADIEstimates lowered on iPhone component makers at Pacific Crest
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October 11, 2015
13:30 EDTADICavium, Applied Micro, others may become takeover targets, Barron's says
Cavium (CAVM), Applied Micro Circuits (AMCC), Qorvo (QRVO), and Mellanox (MLNX) could be in play amid the unprecedented consolidation in the chip industry, Barron's contends in its 'Technology Trader' column. Qualcomm (QCOM) doesn't appear to be in a takeover position but Avago (AVGO) could be a potential buyer, the publication argues. Additionally, analog chip makers like Texas Instruments (TXN) and Analog Devices (ADI) could look to buy a smaller analog player like Monolithic Power Systems (MPWR), Barron's says. Reference Link
October 1, 2015
12:44 EDTADIApple chip suppliers fall after report iPhone maker may lower chip orders
Shares of chip makers for Apple's (AAPL) iPhone are sliding after a DigiTimes article said the iPhone maker may curtail its chip orders for the fourth quarter. WHAT'S NEW: According to the DigiTimes report, Apple may be adjusting its chip orders lower for Q4. Sources said that a substantial integrated circuit supplier is saying that Apple has "slightly lowered lowered its demand for supplies for the new iPhones for December," the report said. The sources said that overall shipments of the iPhone 6s series are expected to reach 75M-80M units in the third quarter and 65M-70M units in Q4. WHAT'S NOTABLE: On September 28, Apple announced it has sold more than 13M new iPhone 6s and iPhone 6s Plus models just three days after launch, a new record for the company. According to an iFixit report from September 25, a teardown of the new iPhone 6S Plus revealed components supplied by Qualcomm (QCOM), Skyworks (SWKS), Qorvo (QRVO), Avago (AVGO), NXP Semiconductors (NXPI), Cirrus Logic (CRUS) and Texas Instruments (TXN), among others. Other chip makers that have been mentioned as possible Apple suppliers in the past include Analog Devices (ADI), Maxim Integrated Products. (MXIM) and ON Semiconductor (ON). PRICE ACTION: In midday trading shares of the aforementioned chip makers are all lower with Qorvo, Avago, NXP and Analog Devices down approximately 4% to 5%. Apple is down about 1.4%.
September 30, 2015
10:00 EDTADIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Analog Devices (ADI) upgraded to Buy from Neutral at Citi... Asbury Automotive (ABG) upgraded to Neutral from Underperform at BofA/Merrill... Brookfield (BAM) upgraded to Outperform from Market Perform at BMO Capital... CNOOC (CEO) upgraded to Buy from Hold at Jefferies... Canadian Pacific (CP) upgraded to Buy from Neutral at Goldman... Citizens Financial (CFG) upgraded to Buy from Neutral at UBS... Esperion (ESPR) upgraded to Neutral from Sell at Chardan... HSBC (HSBC) upgraded to Buy from Neutral at UBS... Hecla Mining (HL) upgraded to Outperformer from Sector Performer at CIBC... Johnson Controls (JCI) upgraded to Outperform from Market Perform at William Blair... Level 3 (LVLT) upgraded to Buy from Neutral at UBS... Madison Square Garden (MSG) upgraded on asset value, share buyback outlook at Stifel... Medivation (MDVN) upgraded to Market Perform from Underperform at Cowen... PHH Corp. (PHH) upgraded to Buy from Neutral at Compass Point... Post Holdings (POST) upgraded to Buy from Neutral at SunTrust... Ralph Lauren (RL) upgraded to Buy from Neutral at UBS... Regions Financial (RF) upgraded to Buy from Hold at Sandler O'Neill... Shire (SHPG) upgraded to Hold from Reduce at HSBC... Sinopec (SNP) upgraded to Buy from Hold at Jefferies... Verifone (PAY) upgraded to Buy from Hold at Argus.
06:01 EDTADIAnalog Devices upgraded to Buy from Neutral at Citi
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