New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 16, 2014
11:29 EDTINTC, AMD, QCOM, TXN, BRCMIntel hits 52-week high after results beat estimates
Shares of semiconductor giant Intel (INTC) are rising after the company's second quarter results beat analysts' consensus estimates. WHAT'S NEW: Last night, Intel reported Q2 earnings per share of 55c and revenue of $13.8B, beating analysts' consensus estimates of 52c and $13.69B, respectively. Q2 gross margin was 64.5%. WHAT'S NOTABLE: For Q3, revenue was forecast at $14.4B, plus or minus $500M, versus consensus of $14.02B. Gross margin was expected at 66%, plus or minus a couple of percentage points. FY14 revenue growth was forecast at approximately 5% and Intel sees its FY14 gross margin percentage to come in at 63%, plus or minus a few percentage points. The company also announced a $20B increase to its share repurchase plan. ANALYST REACTION: This morning, analyst commentary was mostly positive. Six separate firms - Piper Jaffray, Credit Suisse, Deutsche Bank, Stifel, Jefferies, and Drexel Hamilton - all raised their respective price targets on Intel. Two other firms, UBS and B. Riley, both upgraded the stock to Buy from Neutral. A dissenting opinion came from RBC Capital, which thinks the company will be burdened by start-up costs in Q4 and the first quarter of the next fiscal year. The firm thinks there is a risk that the Intel's gross margins will drop and it kept a Sector Perform rating on the shares. PRICE ACTION: In late morning trading, Intel rose $2.09, or about 6.6%, to $33.80 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a new 52-week high of $33.95. Including today's advance, the stock is up nearly 40% over the past 12 months. OTHERS TO WATCH: Other companies in the semiconductor space include Advanced Micro Devices (AMD), up 2%, Qualcomm (QCOM), up 0.4%, Texas Instruments (TXN), up 0.6%, and Broadcom (BRCM), up 1%.
News For INTC;AMD;QCOM;TXN;BRCM From The Last 14 Days
Check below for free stories on INTC;AMD;QCOM;TXN;BRCM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
August 28, 2014
15:03 EDTTXN, BRCMCSR a potential target for TI, Broadcom after spurning Microchip, Bloomberg says
Subscribe for More Information
06:18 EDTQCOMStocks with implied volatility below IV index mean; QCOM ITMN
Subscribe for More Information
August 27, 2014
09:12 EDTQCOMQualcomm China resolution unlikely to come soon, says Bernstein
After meeting with Qualcomm's management, Bernstein does not expect the company's China royalty issues to be solved very soon. The firm is not upbeat on the stock's risk/reward ratio and keeps a Market Perform rating on the shares.
09:06 EDTBRCMBroadcom volatility at record lows
Subscribe for More Information
07:43 EDTBRCMJefferies to hold a summit
Subscribe for More Information
07:23 EDTINTCIntel plans high-end 'smart bracelet,' Business Insider says
Subscribe for More Information
06:06 EDTQCOMStocks with implied volatility below IV index mean; QCOM ITMN
Stocks with implied volatility below IV index mean; Qualcomm (QCOM) 14, InterMune (ITMN) 12 according to iVolatility.
August 26, 2014
08:55 EDTQCOMEU antitrust regulators could open Qualcomm investigation, Reuters reports
Subscribe for More Information
07:20 EDTINTC, QCOMTablets seen declining, notebooks growing in 2014, DigiTimes says
Subscribe for More Information
06:26 EDTINTCIntel looking to ship 25M tablet processors in 2H, DigiTimes reports
Intel is looking to ship 25M units of its tablet processors in 2H in a move to ship 40M units this year, sources from the upstream supply chain tell DigiTimes. The company shipped under 15M tablet processors in 1H. Reference Link
06:08 EDTQCOMStocks with implied volatility below IV index mean; QCOM ITMN
Stocks with implied volatility below IV index mean; Qualcomm (QCOM) 13, InterMune (ITMN) 16 according to iVolatility.
August 25, 2014
06:30 EDTINTCIntel, Chunghwa Telecom sign cooperation MOU for IoT, DigiTimes reports
Subscribe for More Information
06:14 EDTQCOMStocks with implied volatility below IV index mean; QCOM VRNG
Subscribe for More Information
August 24, 2014
21:56 EDTBRCM, INTCB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 22, 2014
06:35 EDTQCOMChina's NDRC say Qualcomm aims to end investigation, Reuters says
China's National Development and Reform Commission said that Qualcomm is aiming to end a probe into monopolistic tendencies and had showcased its desire to improve and fix pricing problems, according to Reuters, citing a statement from the NDRC. Reference Link
August 21, 2014
05:50 EDTQCOMStocks with implied volatility movement; QCOM SNDK
Subscribe for More Information
August 20, 2014
13:05 EDTINTCIntel and Unity collaborate to extend Android support across Intel-based devices
Subscribe for More Information
August 18, 2014
10:29 EDTINTC, AMDGoldman cuts sector view on semiconductors to Cautious
Subscribe for More Information
08:04 EDTINTC, AMDSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
August 15, 2014
06:23 EDTINTCIntel teaming with SMS Audio for biometric earbuds, WSJ 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