New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 3, 2014
10:45 EDTBRCM, QCOM, AVGO, SWKSAnalysts split on Broadcom outlook after baseband announcement
Shares of Broadcom (BRCM) are rising for a second day after the company indicated that it would look to sell or wind down its cellular baseband business, but analysts were divided on the company's outlook following the announcement. BEARISH TAKE: In a note to investors earlier today, Kevin Cassidy, an analyst at research firm Stifel, downgraded Broadcom to Hold from Buy. The loss of the baseband business could cause Broadcom's market share in connectivity products - including Wi-Fi, Bluetooth, GPS and NFC chips - to decline, Cassidy warned. Companies that will still be able to supply connectivity chips could gain market share at Broadcom;'s expense, the analyst suggested. Also bearish was Pacific Crest analyst Michael McConnell, who is concerned about the long-term outlook of Broadcom's connectivity business. The company is facing increased competition from integrated platforms in the middle and lower end smartphone market, while the higher end smartphone market is becoming saturated, McConnell believes. The fair value of Broadcom's stock could reach $45, but it is likely to trade around $35-$38 over the longer term, according to McConnell, who kept a Sector Perform rating on the shares. BULLISH TAKE: Wedbush analyst Betsy Van Hees wrote that Broadcom's decision addresses her biggest concern with the stock and should unlock considerable value. Although Broadcom's connectivity products could lose market share, the company would likely respond to such losses by intensifying its focus on the areas in which it has the most expertise and on emerging areas such as the Internet of Things, Van Hees contended. She upgraded the stock to Outperform from Neutral and upped her price target on the shares to $43 from $30. Meanwhile, research firm Cowen increased its price target on Broadcom to $39 from $32, saying that the company's exit from the baseband business could make it a better M&A candidate while allowing it to invest in other businesses.The firm kept an Outperform rating on the shares. WHAT'S NOTABLE: Another research firm, Sterne Agee, yesterday speculated that Qualcomm (QCOM), Avago (AVGO), and Skyworks (SWKS) could benefit from Broadcom's move. PRICE ACTION: In early trading, Broadcom rose 42c, or 1.2%, to $35.26.
News For BRCM;QCOM;AVGO;SWKS From The Last 14 Days
Check below for free stories on BRCM;QCOM;AVGO;SWKS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
July 18, 2014
07:29 EDTSWKSSkyworks price target raised to $58 from $54 at Brean Capital
Subscribe for More Information
July 17, 2014
18:31 EDTSWKSOn The Fly: After Hours Movers
Subscribe for More Information
16:58 EDTSWKSSkyworks sees Q4 EPS $1.00, consensus 87c
Sees Q4 revenue $680M, consensus $608.11M.
16:56 EDTSWKSSkyworks reports Q3 EPS 83c, consensus 80c
Subscribe for More Information
15:26 EDTSWKSNotable companies reporting after market close
Subscribe for More Information
July 16, 2014
11:29 EDTQCOM, BRCMIntel hits 52-week high after results beat estimates
Subscribe for More Information
July 15, 2014
10:15 EDTSWKSSkyworks expect Q3 guidance of $622M vs. consensus of $606M, says Rosenblatt
Subscribe for More Information
08:06 EDTSWKSSkyworks Q4 guidance poised to beat expectations, says Oppenheimer
Subscribe for More Information
07:50 EDTQCOMQualcomm estimates adjusted to reflect inventory transition, says Canaccord
Canaccord adjusted its estimates for Qualcomm to reflect an ongoing inventory transition in China from 3G to 4G devices. The firm continues to expect strong growth of smartphones, the upgrade to new air interface technologies, and strong market share gains to drive sales and earnings growth. Qualcomm shares are Buy rated with a $95 price target.
06:11 EDTQCOMSamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
Subscribe for More Information
July 14, 2014
10:00 EDTQCOMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:00 EDTAVGOOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:14 EDTSWKSSemiconductor top picks at Topeka
Topeka's anticipates strong unit growth in the smartphone, tablet and wearable end markets and recommends exposure to large/mid cap growth names Intel (INTC), Skyworks (SWKS), Atmel and (ATML), small cap growth name, Rambus (RMBS), and value names Freescale (FSL), Spansion (CODE) and Silicon Motion (SIMO).
08:16 EDTQCOMQualcomm downgraded to Neutral from Strong Buy at ISI Group
Subscribe for More Information
06:14 EDTAVGOAvago resumed with a Buy from Neutral at Citigroup
Subscribe for More Information
July 11, 2014
12:46 EDTQCOMQualcomm downgraded to Buy from Strong Buy at Tigress Financial
Subscribe for More Information
10:00 EDTQCOMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:09 EDTQCOMOn The Fly: Pre-market Movers
Subscribe for More Information
07:36 EDTQCOMQualcomm downgraded to Buy from Conviction Buy at Goldman
Goldman removed Qualcomm from the Conviction Buy List as it does not expect material near-term upside to Street estimates sees some risk of downside. The firm trimmed estimates for both the June and September quarters due to weaker handset demand but maintains its Buy rating and $95 price target based on relative valuation and growth profile.
07:35 EDTQCOMQualcomm questioned again in Chinese anti-trust probe, Xinhua says
Subscribe for More Information
1 | 2 | 3 | 4 | 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