New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 25, 2014
11:08 EDTINTC, BRCM, PMCS, QCOMBroadcom 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 >>
November 18, 2015
10:30 EDTQCOMQualcomm drops, levels to watch
Subscribe for More Information
09:05 EDTQCOMQualcomm says Korea FTC report allegations 'not supported by the facts'
Subscribe for More Information
08:14 EDTBRCMNXP Semiconductors added to Top Pick list at FBR Capital
Subscribe for More Information
07:02 EDTPMCSMicrosemi announces revised proposal to acquire PMC-Sierra for $12.05 per share
Subscribe for More Information
November 17, 2015
15:40 EDTINTCIntel to host investor meeting
Subscribe for More Information
11:32 EDTQCOMQualcomm to host analyst meeting
Analyst Meeting to be held in New York on November 18 at 10 am. Webcast Link
11:03 EDTQCOM, INTCTsinghua Chairman says in talks with U.S.-based chipmaker, Reuters reports
Subscribe for More Information
10:33 EDTQCOMCiti says Xilinx, not Maxim, likely to be acquired
According to Citi, analog chip maker Maxim Semiconductor (MXIM) probably won't be acquired, despite Bloomberg reports which stated that Texas Instruments (TXN) and Analog Devices (ADI) had held talks about potentially buying the company. The firm sees Xilinx (XLNX) as the only large cap chip maker remaining that has "all of the attributes of a good takeover target." WHAT'S NEW: The only two companies capable of buying Maxim are Texas Instruments and Analog Devices, Citi analyst Christopher Danely wrote in a note to investors today. However, Maxim's valuation is too high for Texas Instruments and the deal would be too big for Analog Devices, the analyst stated. However, Xilinx is a potential takeover target, partly due to its high margins, a size large enough that it could impact an acquirer's profits and its cost cutting opportunities, Danely stated. One potential acquirer of Xilinx is Qualcomm (QCOM), which has suggested that it could be interested in M&A opportunities in the future, the analyst wrote. Despite his belief that Xilinx could be acquired, Danely kept a Neutral rating on the shares. WHAT'S NOTABLE: On October 14, Bloomberg reported that Analog Devices and Maxim were in merger talks. On October 28, the news service reported that Texas Instruments was in talks about buying Maxim. According to Bloomberg, Maxim was working with a bank on a strategic review before it was approached by Analog Devices. Maxim may not want to sell itself unless it receives a large premium, the news service stated. PRICE ACTION: In early trading, Maxim was flat near $38.86 per share, while Xilinx gained 1.5% to $47.83.
08:54 EDTQCOMMaxim could be bidder for Fairchild, says Citi
Citi analyst Atif Malik views Maxim Integrated (MXIM) as a potential acquirer Fairchild Semiconductor (FCS). Bloomberg on October 13 reported that Fairchild was seeking advice for a potential sale, and listed potential acquirers as STMicroelectronics (STM), Infineon (IFNNY) and ON Semiconductor (ON). Bids from STM and ON seem unlikely, but Infineon and Maxim could be potential acquirers of Fairchild, Malik tells investors in a research note. In a bull case scenario, Fairchild's buyout value could reach $25 per share, the analyst contends. Fairchild closed yesterday at $17.76. Malik's peer at Citi, analyst Christopher Danely, argued today in research note that Maxim Integrated (MXIM) is unlikely to get acquired despite reports of interest from Analog Devices (ADI) and Texas Instruments (TXN). Danely views Xilinx (XLNX) as a potential takeout target, potentially for Qualcomm (QCOM).
08:37 EDTQCOMCiti sees Xilinx, not Maxim, as potential takeout candidate
Citi analyst Christopher Danely says he does not expect Maxim Integrated (MXIM) to get acquired despite reports of interest from Analog Devices (ADI) and Texas Instruments (TXN). Xilinx (XLNX) is the only large-cap semiconductor company left with "all of the attributes of a good takeover target," Danely tells investors in a research note. He believes Xilinx management could be willing sellers at the right price, and points out Qualcomm (QCOM) has a history of doing deals. Xilinx could make a good candidate for Qualcomm, Danely contends.
07:48 EDTINTCHP Enterprise announces alliance with Intel
Subscribe for More Information
06:27 EDTINTCIntel November volatility elevated into investor meeting
Subscribe for More Information
05:33 EDTQCOMStocks with implied volatility below IV index mean; YUM QCOM
Subscribe for More Information
November 16, 2015
16:53 EDTBRCMPaulson reduced stake in Valeant
Paulson & Co. gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Perrigo (PRGO), CIT Group (CIT), Precision Castparts (PCP), Cameron (CAM), and Altera (ALTR). INCREASED STAKES: Teva (TEVA), Post Holdings (POST), Starwood Hotels (HOT), LivaNova (LIVN), and Synergy Pharmaceuticals (SGYP). DECREASED STAKES: Valeant (VRX), Shire (SHPG), Whiting Petroleum (WLL), Computer Sciences (CSC), and Oasis Petroleum (OAS). LIQUIDATED STAKES: Houghton Mifflin Harcourt (HMHC), Broadcom (BRCM), and Sprint (S).
15:53 EDTQCOMJANA Partners reduces stakes in Rackspace, Qualcomm
JANA Partners gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Mattel (MAT), Zoetis (ZTS), and Aramark (ARMK). INCREASED STAKES: ConAgra Foods (CAG). DECREASED STAKES: Rackspace (RAX), Qualcomm (QCOM), Time Warner (TWX), Starz (STRZA), and Lions Gate (LGF). LIQUIDATED STAKES: Johnson Controls (JCI), Precision Castparts (PCP), AerCap Holdings (AER), United Rentals (URI), and HD Supply Holdings (HDS).
10:25 EDTBRCMUBS trims Apple target, says iPhone partner cut production forecast
Hon Hai, which manufactures Apple's (AAPL) iPhones, expects to assemble significantly fewer iPhones this quarter than in the same period in 2014, UBS wrote in a note to investors today. WHAT'S NEW: Hon Hai Precision Industry, also known as Foxconn, is expected to assemble 10% fewer iPhones this quarter than in the same period in 2014, said UBS analyst Steven Milunovich, citing work from fellow UBS analyst Arthur Hsieh. Previously, companies that supply force touch components for iPhones saw a 10%-15% reduction in their orders, the analyst reported. These developments "are not encouraging," but Apple had previously ordered a large number of iPhones for Q4, according to Milunovich. Overall iPhone demand "could still be decent," he believes. However, the analyst lowered his iPhone sales estimate for Apple's March quarter to 61M from 62.5M, asserting that iPhone sales on China's November 11 Singles Day holiday may have come in below expectations. Based on October search volumes, he continues to believe that demand for iPhone units in the fourth quarter of the calendar year will be 75M, in-line with the consensus outlook. Milunovich trimmed his price target on Apple to $140 from $150 but kept a Buy rating on the shares. WHAT'S NOTABLE In a note to investors on November 10, Credit Suisse reported that it was cutting its estimates for 2016 iPhone sales. The firm expects sales of the device to fall 10.4% in the first quarter versus the same period in 2015, and it predicts that iPhone sales will decline 5.5% year-over-year in 2016. Suppliers with greater than 10% exposure to Apple include Avago (AVGO), SanDisk (SNDK), Analog Devices (ADI), Broadcom (BRCM), Texas Instruments (TXN), NXP Semiconductors (NXPI) and Fairchild (FCS), Credit Suisse reported. The firm said it continues to have a negative view of the smartphone sector. PRICE ACTION: In early trading, Apple added nearly 1% to $113.34.
09:37 EDTINTCActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
08:02 EDTPMCSPMC-Sierra reiterates commitment to Skyworks transaction
Subscribe for More Information
November 13, 2015
17:22 EDTPMCSRelational Investors gives quarterly update on stakes
Subscribe for More Information
09:35 EDTINTCActive equity options trading on open
Active equity options trading on open: AAPL CSCO FB BAC BABA MSFT NFLX INTC JCP AMZN C
1 | 2 | 3 | 4 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use