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News Breaks | | | | February 13, 2013 | | 06:10 EDT |  | ADNC | Paul Allen reports 17.6% passive stake in Audience
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News For ADNC From The Last 14 Days Check below for free stories on ADNC the last two weeks. |
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| June 12, 2013 | | 12:12 EDT | | ADNC | Synaptics slides after firm warns of Galaxy S4 production cut
Shares of Synaptics (SYNA), which develops touch products for smartphones, are declining after research firm Maxim Group wrote that the company would be hurt by Samsung's (SSNLF) decision to produce many fewer Galaxy S4 devices. WHAT'S NEW: Samsung has started reducing its shipments of Galaxy S 4 smartphones in response to weak sales of the device, Maxim Group wrote in a note to investors. The Korean company is likely to reduce production of the device by 20%-25%, the firm added. Synaptics has the most exposure to the Galaxy S4 of all the companies that Maxim covers, the analyst wrote. TODAY'S PRICE ACTION: In early afternoon trading, Synaptics fell $1, or 2.6%, to $37.75. OTHERS TO WATCH: Other companies with exposure to Samsung devices include Broadcom (BRCM), Maxim Integrated (MXIM), Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), Skyworks (SWKS), ARM Holdings (ARMH), Qualcomm (QCOM), and TriQuint (TQNT). | | | June 11, 2013 | | 09:13 EDT |  | ADNC | Some component makers to be hurt by lower Galaxy S 4 outlook, says Pacific Crest
After speaking with Samsung (SSNLF) and conducting checks, Pacific Crest believes that expectations for Galaxy S 4 sales in Q3 are too high. As a result, the firm reduced its price target on Broadcom (BRCM) to $41 from $44, and on Maxim Integrated (MXIM) to $34 from $37. The firm also lowered its estimates for Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), and Skyworks (SWKS). The firm keeps Outperform ratings on Broadcom, Maxim, and Peregrine, and Sector Perform ratings on Skyworks, Audience, and RF Micro. | |
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