New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 18, 2014
11:42 EDTMU, AMD, BRCM, TXN, INTCAMD plummets after profit miss, analyst downgrades
Shares of semiconductor manufacturer Advanced Micro Devices (AMD) are sinking after the company’s second quarter profit trailed analysts’ consensus estimates. It also received several analyst downgrades. WHAT'S NEW: Last night, Advanced Micro Devices reported second quarter adjusted EPS of 2c and revenue of $1.44B, compared to analysts’ consensus estimates of 3c and $1.44B. Q2 gross margin was 35%. WHAT’S NOTABLE: For the third quarter, AMD expects revenue to increase 2%, plus or minus 3%, sequentially, compared to consensus of $1.57B. ANALYST REACTION: This morning, analyst commentary was mixed. FBR Capital downgraded AMD to Market Perform from Outperform citing a lack of earnings visibility following the company's weaker than expected Q3 outlook. The firm lowered its price target for the shares to $4.50 from $6. Another firm, BofA/Merrill, also downgraded AMD to Underperform from Neutral. The firm downgraded shares and lowered estimates to reflect weak guidance and lack of visibility. It lowered its price target to $4 from $4.50. Conversely, Wedbush said AMD’s fundamentals remain intact. After AMD reported lower than expected Q2 pro forma EPS, Wedbush says that Q2 was the fourth consecutive quarter for which the company demonstrated profitability, tight OpEx controls, and continued product execution. It thinks these trends are significantly positive and kept an Outperform rating on the shares. PRICE ACTION: In late morning trading, AMD fell 81c, or about 17.6%, to $3.77 on nearly three times its average daily trading volume. Including today’s pull back, the stock has lost approximately 19% over the past twelve months. OTHERS TO WATCH: Other companies in the semiconductor space include Intel (INTC), Broadcom (BRCM), Micron Technology (MU), and Texas Instruments (TXN).
News For AMD;INTC;BRCM;MU;TXN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
February 24, 2015
11:38 EDTMUMicron pullback a buying opportunity, says JPMorgan
Subscribe for More Information
10:43 EDTMUMicron drop on Apple speculation presents buying opportunity, says Stifel
Subscribe for More Information
09:46 EDTMUMicron falls sharply, levels to watch
Subscribe for More Information
09:46 EDTMUMicron's May guidance looks increasingly challenged, says Cleveland Research
Subscribe for More Information
07:28 EDTAMDAMD management to meet with Deutsche Bank
Meeting to be held in New York on February 24 hosted by Deutsche Bank.
07:19 EDTBRCMSusquehanna to hold a summit
Subscribe for More Information
February 23, 2015
10:38 EDTMUMicron management to meet with Pacific Crest
Subscribe for More Information
09:59 EDTINTC, AMDOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:46 EDTINTCIntel initiated with an Outperform at Exane BNP Paribas
Subscribe for More Information
08:46 EDTAMDAMD initiated with an Underperform at Exane BNP Paribas
Target $2.30.
February 18, 2015
08:19 EDTMUMicron profitability can improve meaningfully, says Bernstein
Subscribe for More Information
February 17, 2015
17:13 EDTMUPoint72 gives quarterly update on stakes
Subscribe for More Information
17:02 EDTINTCSoros Fund Management gives quarterly update on stakes
Subscribe for More Information
10:00 EDTMUOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:56 EDTMUMicron rises, levels to watch
Subscribe for More Information
09:19 EDTINTCDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
07:41 EDTMUMicron price target raised to $45 from $42 at Jefferies
Subscribe for More Information
07:22 EDTINTCMitsubishi UFJ to hold a tour
Subscribe for More Information
07:10 EDTMUMicron upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Micron to Outperform with a $40 price target based on expectations memory medium-term pricing trends will remain stable given structural supply constraints, which could result in $5B in free-cash-flow in CY16.
05:55 EDTINTCIntel to delay launch of 14nm Skylake desktop CPUs, DigiTimes reports
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use