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Stock Market & Financial Investment News

News Breaks
May 23, 2013
11:31 EDTCRUS, SWKS, BRCM, QCOM, RFMD, NXPICirrus Logic tumbles after reducing long-term margin outlook
Cirrus Logic (CRUS), which develops audio components for mobile devices, is sinking after the company indicated that its profit margins would drop over the longer term. WHAT'S NEW: Cirrus disclosed in slides for today's Barclays Global Technology Conference that it expects its gross margins to be in the mid 40s percentage level over the long-term. The company had previously expected its gross margins to be 50%-52% over the long-term, according to research firm Oppenheimer. Cirrus' gross margin in its quarter ended in March was 49%. Cirrus explained that it expects to see increased pricing pressure in the smartphone market, as well as reduced prices for its products. Over the long-term the company expects its revenue to increase 15% annually on average. ANALYST REACTION: In a note to investors, Oppenheimer analyst Rick Schafer wrote that Cirrus' position is "increasingly precarious." Apple, which represents about 85% of Cirrus' sales, is placing various pressures on Cirrus, the analyst wrote. Moreover, the components maker does not have any growth catalysts and is unlikely to outperform, he added. Schafer expects Cirrus to report weaker than expected results going forward, and he kept a Perform rating on the stock. OTHERS TO WATCH: Other companies that make components for smartphones could also be affected by the trends identified by Cirrus. Among the other companies in this category are Skyworks (SWKS), Broadcom (BRCM), Qualcomm (QCOM), RF Micro Devices (RFMD), and NXP Semiconductors (NXPI). TODAY'S PRICE ACTION: In late morning trading, Cirrus tumbled 15.5% to $18.65, Skyworks gave back 1.4% to $22.90, Broadcom lost 0.3% to $33.60, Qualcomm retreated 2% to $64, and NXP Semiconductors gave back 1.75% to $28.75.
News For CRUS;SWKS;BRCM;QCOM;RFMD;NXPI From The Last 14 Days
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September 9, 2014
13:50 EDTNXPINXP Semiconductors turns positive after Apple confirms NFC in new iPhone
Shares of On Track Innovations (OTIV) are still negative but moving higher.
13:47 EDTNXPINXP Semiconductors off lows as Apple unveils 'Apple Pay' service
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10:47 EDTNXPILeak points to no NFC or sapphire cover for smaller iPhone 6, BGR says
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09:45 EDTQCOMBofA/Merrill wireless equipment analyst holds analyst/industry conference call
Wireless Equipment Analyst Liani discusses a recently published report, "Wireless Equipment: A Deep Dive into Qualcomm's Royalties, Semis and Cash" on an Analyst/Industry conference call to be held on September 9 at 11 am.
07:17 EDTQCOMThe Wireless Association to hold a conference
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07:11 EDTQCOMUBM Tech to hold a conference
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06:54 EDTQCOMChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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06:18 EDTNXPINXP Semiconductors volatility low into Apple event
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September 8, 2014
10:04 EDTQCOMAlcatel-Lucent sees commercial release of Enterprise Small Cells in early 2015
Alcatel-Lucent (ALU) has announced that it will introduce its new Enterprise Small Cell device at the beginning of 2015. In collaboration with Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), Alcatel-Lucent is developing a small cell solution that will allow operators to extend superior 3G, 4G LTE and Wi-Fi connectivity and coverage into the office for in-building customers. The rapid development of the solution has led the company to extend its plans to include LTE and multi-standard residential cells, Alcatel said.
07:34 EDTQCOMU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
September 5, 2014
17:03 EDTRFMDTriQuint shareholders approve merger-of-equals with RF Micro Devices
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09:13 EDTRFMDRF Micro Devices holders approve merger of equals with TriQuint
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08:22 EDTQCOMNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:54 EDTBRCMBroadcom price target raised to $50, shares attractive, says BofA/Merrill
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07:31 EDTQCOMNVIDIA lawsuit positive, says Stifel
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September 4, 2014
16:13 EDTQCOMNVIDIA files patent infringement complaint against Qualcomm, Samsung
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11:59 EDTNXPIApple to feature NFC in iWatch as well as iPhone, WSJ says
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September 3, 2014
12:59 EDTNXPINXP Semiconductors volatility flat as shares near record high into Apple event
NXP Semiconductors overall option implied volatility of 32 is near its 26-week average of 34 according to Track Data, suggesting non-directional price movement.
September 2, 2014
14:28 EDTRFMDRF Micro Devices volatility flat, shares advance to record high
RF Micro Devices September call option implied volatility is at 40, October and November is at 39; compared to its 26-week average of 39 according to Track Data, suggesting non-directional price movement.
13:03 EDTSWKSSkyworks volatility low, shares near record high
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