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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
September 23, 2014
08:11 EDTQCOMRuckus Wireless hires Qualcomm's Rabinovitsj as COO
Subscribe for More Information
06:10 EDTAMDStocks with implied volatility above IV index mean; AMD EMC
Subscribe for More Information
September 22, 2014
12:52 EDTINTCIntel receives approval from Israel to invest $6B in chip plant, Reuters says
Subscribe for More Information
10:40 EDTTXNTexas Instruments management to meet with Pacific Crest
Subscribe for More Information
06:27 EDTINTCIntel, Rockhip partner to expand x86 presence in tablet market, DigiTimes says
Subscribe for More Information
September 19, 2014
16:24 EDTINTCStocks rise after Fed keeps pledge for 'considerable time' before rate hike
Subscribe for More Information
16:17 EDTINTCOn The Fly: Closing Wrap
Subscribe for More Information
11:51 EDTINTCMicrosoft, Intel look to partner with Chinese mobile device makers, Nikkei says
Subscribe for More Information
09:19 EDTQCOMOn The Fly: Pre-market Movers
Subscribe for More Information
08:11 EDTQCOM, TXN, BRCMTriQuint chip among those in iPhone 6 Plus, iFixit reports
Subscribe for More Information
08:03 EDTQCOM, BRCM, TXNInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
Subscribe for More Information
07:42 EDTINTCIntel dividend can rise up to 45% over next two years, says Jefferies
Subscribe for More Information
06:00 EDTAMDStocks with implied volatility top IV index mean; AMD IBM
Stocks with implied volatility top IV index mean; AMD (AMD) 55, IBM (IBM) 61 according to iVolatility.
September 18, 2014
18:25 EDTAMDOn The Fly: After Hours Movers
HIGHER: Concur (CNQR), up 19.5% after SAP (SAP) announced that it will acquire the company for $129 per share... Navidea Biopharmaceuticals (NAVB), up 9.8% after confirming FDA orphan designation for Lymphoseek... Molycorp (MCP), up 6.1% after Oaktree Capital reported a 9.1% passive stake in the company... JetBlue (JBLU), up 4.6% following CEO transition announcement... Wendy's (WEN), up 2.15% after Trian reported a 24.39% stake in the company... Sears Holdings (SHLD), up 2.6% after Fairholme Capital reported a 24% stake in the company... AMD (AMD), up 1% after announcing that it expanded an IP partnership with Synopsys (SNPS). DOWN AFTER EARNINGS: Red Hat (RHT), down 3%... Oracle (ORCL), down 2.4% following first quarter earnings miss and CEO transition... Tibco Software (TIBX), down 5.5%. ALSO LOWER: Quest Resource (QRHC), down 13.4% after filing an automatic common stock and warrant shelf... Eagle Rock (EROC), down 4.5% after filing to sell 53.34M common units for limited partners... Chatham Lodging (CLDT), down 3.3% after filing to sell 5M shares of common stock... Glu Mobile (GLUU), down 2.3% after filing to sell 9.98M shares of common stock for holders... Blackstone Mortgage (BXMT), down 1.6% after filing to sell 8M shares of common stock.
17:03 EDTAMDAMD, Synopsys expand IP partnership
Subscribe for More Information
16:33 EDTTXNTexas Instruments increases quarterly dividend 13% to 34c from 30c
Subscribe for More Information
15:22 EDTBRCMBroadcom appears to be WiFi chip provider for Apple Watch, Chipworks says
Subscribe for More Information
07:26 EDTQCOMGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
Subscribe for More Information
06:50 EDTINTCIntel, Spreadtrum may enter partnership to develop x86 products, DigiTimes says
Intel is looking to promote x86 architecture to China chip designers and may enter a partnership with Spreadtrum, reports DigiTimes Research. The cooperation would allow Intel to fill some of its empty capacity while Spreadtrum would gain advantages from Intel's advanced manufacturing processes to reduce costs. Reference Link
05:56 EDTAMDStocks with implied volatility top IV index mean; AMD BBRY
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