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Stock Market & Financial Investment News

News Breaks
April 25, 2014
11:08 EDTQCOM, INTC, BRCM, PMCSBroadcom falls after revenue guidance disappoints
Shares of semiconductor company Broadcom (BRCM) are falling after the mid-point of the company’s second quarter revenue outlook fell short of analysts’ consensus estimates. WHAT'S NEW: Last night, Broadcom reported first quarter adjusted earnings per share of 51c and revenue of $1.98B, against consensus views of 46c and $1.96B, respectively. WHAT’S NOTABLE: The mid-point of the company’s Q2 revenue outlook, $2B-$2.1B, fell short of the consensus of $2.07B. Broadcom also forecast Q2 adjusted product gross margin would incease 75bps-175bps, sequentially. ANALYST REACTION: This morning, analyst commentary was mixed. Research firm Needham downgraded Broadcom to Hold from Buy. The firm said Q1 results and Q2 outlook indicated Mobile & Wireless growth is stalling and it noted management backed away from its prior connectivity growth expectations. Conversely, Bernstein thought Broadcom reported strong Q1 results. Bernstein thought the company's LTE business remains frustrating, but can still perform well over the longer term. The firm thought the stock's valuation was attractive. It raised its price target on the shares to $35 from $33, and kept an Outperform rating on the stock. PRICE ACTION: In morning trading, Broadcom fell $1.54, or about 5%, to $29.60 on heavy trading volume. Including today’s pull back, the stock has lost approximately 14% over the past twelve months. OTHERS TO WATCH: Others in the semiconductor space include Qualcomm (QCOM), PMC-Sierra (PMCS) and Intel (INTC).
News For BRCM;QCOM;PMCS;INTC From The Last 14 Days
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August 25, 2015
07:35 EDTINTCIntel makes additional equity investment in BlueData
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August 24, 2015
14:42 EDTPMCSPMC-Sierra says long-term model is for 69%-71% gross margin
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10:17 EDTQCOMQualcomm upgraded to Buy from Hold at Standpoint Research
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09:45 EDTQCOMOn The Fly: Analyst Initiation Summary
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08:54 EDTQCOMQualcomm coverage resumed with a Buy at Goldman
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06:34 EDTINTCIntel leads $100M funding round for Mirantis, WSJ reports
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06:22 EDTBRCM, QCOMTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
August 23, 2015
14:23 EDTINTCApple, Micron shares look like bargains, Barron's says
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August 21, 2015
16:21 EDTQCOMOn The Fly: Top stock stories for Friday
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13:41 EDTQCOMAmbarella sinks after supremacy in drone technology challenged by Qualcomm
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12:53 EDTQCOMAmbarella competition in drones not a surprise, says Canaccord
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11:12 EDTQCOMQualcomm reportedly to enter consumer drone market
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10:50 EDTQCOMCitron says next stop $70 for shares of Ambarella
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10:37 EDTINTCAnalysts upbeat on HP ahead of split after earnings beat
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09:19 EDTQCOMQualcomm to enter consumer drone market, Re/code reports
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08:54 EDTINTCIntel price target lowered to $25 from $32 at Baird
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August 20, 2015
16:00 EDTINTCOptions Update; August 20, 2015
iPath S&P 500 VIX Short-Term Futures up 1.49 to 17.70. Option volume leaders: AAPL BAC FB NFLX DIS INTC BABA MU
14:39 EDTINTCEarnings Watch: Hewlett-Packard reports ahead of company split
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10:00 EDTBRCMOn The Fly: Analyst Downgrade Summary
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08:39 EDTBRCMBroadcom downgraded to Hold from Buy at Argus
Argus downgraded Broadcom (BRCM) to Hold following the announcement that the waiting perorid under the Hart-Scott-Rodino Antitrust Act had expired. The firm now expects the acquisition by Avago (AVGO) to go through.
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