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Stock Market & Financial Investment News

News Breaks
February 5, 2014
04:55 EDTAMCC, AMCC, IPHI, IPHI, MSFT, MSFT, MOSY, MOSY, SNPS, SNPS, XLNX, XLNX, CAVM, CAVM, MU, MU, FSL, FSL, EZCH, EZCHThe Linley Group to hold a conference
Data Center Conference 2014 is being held in Santa Clara, California on February 5-6.
News For AMCC;FSL;MU;CAVM;XLNX;SNPS;MOSY;MSFT;IPHI;EZCH From The Last 14 Days
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August 17, 2015
12:41 EDTXLNXXilinx August calls active
Xilinx August 44 and 45 calls are active on total call volume of 13,600 contracts (550 puts). August call option implied volatility is at 29, September is at 33; compared to its 52-week range of 18 to 42. Active call volume suggests traders taking positions for price movement for this company that has been subject to takeover speculation.
12:38 EDTXLNXXilinx did not cancel from bus tour, Bloomberg reports
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11:18 EDTEZCHEZchip to supply chips to cloud data centers, Bloomberg says
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11:11 EDTMUAnalysts split on Micron after analyst day
Analysts were divided on the outlook for flash memory product maker Micron (MU) following its analyst day. Wells Fargo upgraded the stock to Market Perform from Underperform and Piper Jaffray said that the stock was unlikely to drop much further. However, Bank of America/Merrill and Wedbush cut their rating on the shares to Neutral from Buy. UPGRADE: Wells Fargo upgraded Micron to Market Perform from Underperform. Following the stock's decline over the last few months, the shares "reflect a more realistic view" of the flash memory sector's outlook, the firm stated. Additionally, the sector's financial condition has improved in recent years, which should boost the sector's profits and margins over the longer term, Wells Fargo stated. However, the firm still believes that the company is facing several risks, including falling prices for DRAM, a widespread form of flash memory, and its rising capital spending. Although Micron is facing "challenging near-term conditions," including a weak PC market, the company outlined many positive aspects of its business, according to Piper Jaffray analyst Ruben Roy. The longer term trends for the flash memory sector remain positive, as consolidation, low supply growth and diversifying demand should increase the profits of suppliers, Roy believes. And although Micron said its capital spending would be above expectations, Roy expects these investments to help the company enhance its manufacturing process and efficiency, boosting its performance over the longer term. Micron may miss estimates in the short-term but its share price is unlikely to drop much further, and its performance should improve significantly next year, according to Roy. He kept an Overweight rating on the stock. BEARISH TAKE: The DRAM supply/demand dynamic probably won't improve and Micron's cost reductions probably won't outpace price declines until mid-2016, according to Wedbush analyst Betsy Van Hees. Although Van Hees believes that the company's spending will help it over the longer term, she forecast that the stock would "continue to struggle" until the DRAM supply/demand dynamic stabilizes. The analyst cut her price target on the name to $19 from $26. Micron's decision to raise its capital spending suggests that it is "overconfident" in its new chips, according to Bank of America/Merrill Lynch analyst Simon Dong-je Woo. The margins on the new chip "could easily" be negative, the analyst believes. Woo thinks that Micron's capital expenditures next year should be $3B-$4B versus the company's guidance of $5.3B-$5.8B. The analyst's target on the name fell to $19 from $28.40. PRICE ACTION: In late morning trading, Micron lost 0.2% to $17. Earlier the stock reached a new 52-week low of $16.12. The shares of another flash memory product maker, SanDisk (SNDK), were flat at $58.
10:09 EDTMUOn The Fly: Analyst Downgrade Summary
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09:51 EDTMUFollow-up: Micron downgraded to Neutral on capex hike at BofA/Merrill
As previously reported, BofA/Merrill downgraded Micron to Neutral from Buy. The firm said the unexpected FY16 capex hike may reflect overconfidence by management for new chips and could cause execution and earnings misses.. Additionally, BofA/Merrill said Hynix's capex increase is likely to be material and could lead to capex increases by rivals. The firm lowered its price target on shares to $19 form $28.40.
09:38 EDTMSFT, MUActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
09:16 EDTMUMicron downgraded to Neutral from Buy at BofA/Merrill
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07:39 EDTFSL, MSFTTMC to hold a conference
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07:30 EDTMUMicron weakness from concerns with investment returns, says Susquehanna
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07:01 EDTMUMicron downgraded to Neutral from Outperform at Wedbush
07:00 EDTMUMicron upgraded to Market Perform from Underperform at Wells Fargo
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06:40 EDTIPHIInphi upgraded to Overweight from Equal Weight at Morgan Stanley
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06:31 EDTMUMicron share downside limited from here, says Piper Jaffray
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August 14, 2015
16:37 EDTMUAppaloosa gives quarterly update on stakes, takes stake in Apple
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16:00 EDTMSFT, MUOptions Update; August 14, 2015
iPath S&P 500 VIX Short-Term Futures down 4c to 16 Option volume leaders: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT RAD CSCO JCP AMZN SUNE
10:12 EDTAMCCHigh option volume stocks
High option volume stocks: DAR WX AEGR NOC AMCC JWN QIWI TROX
09:02 EDTAMCCApplied Micro Circuits CFO Douglas Ahrens resigns, Karen Rogge named interim CFO
Applied Micro Circuits announced that Douglas Ahrens, vice president and CFO, will resign from AppliedMicro effective Aug. 21, in order to pursue a CFO role with a privately-held company in the software industry. In connection with Ahrens' departure, AppliedMicro has appointed Karen Rogge to serve as interim CFO commencing Aug. 24. Rogge has been a senior financial and operations executive at industry-leading technology companies, as well as emerging companies, for the past four decades. AppliedMicro has retained a search firm and is in the process of identifying a permanent successor.
07:12 EDTMSFTSony's Playstation 4 leads in strong July video game sales, VentureBeat reports
Even though July brought few major video game releases, new game hardware, software, and accessories generated $541.9M at U.S. retailers in the month, up 6% year over year, VentureBeat reports, citing data from NPD Group. Sony's (SNE) Playstation 4 console outsold its competitors' consoles, namely Nintendo's (NTDOY) Wii U and Microsoft's (MSFT) Xbox One, the report says. Reference Link
06:28 EDTMSFTSamsung makes enterprise push with new phones, improved security, WSJ says
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