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Stock Market & Financial Investment News

News Breaks
January 7, 2014
04:55 EDTINTC, INTC, INTC, INTC, DIOD, DIOD, DIOD, DIOD, MU, MU, MU, MU, CY, CY, CY, CY, MXL, MXL, MXL, MXL, SQNS, SQNS, SQNS, SQNS, SIMO, SIMO, SIMO, SIMO, NVDA, NVDA, NVDA, NVDA, HIMX, HIMX, HIMX, HIMX, CEVA, CEVA, CEVA, CEVA, INVN, INVN, INVN, INVN, AMBA, AMBA, AMBA, AMBATopeka to hold meetings at CES 2014
Company Meetings at CES 2014 are being held in Las Vegas on January 7-10.
News For INTC;INVN;CEVA;HIMX;NVDA;SIMO;SQNS;MXL;CY;MU;DIOD;AMBA From The Last 14 Days
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August 18, 2015
07:02 EDTCEVACEVA's RivieraWaves platform certified by Bluetooth SIG
CEVA announced that its RivieraWaves Bluetooth Smart 4.2 IP platform has been fully certified by the Bluetooth Special Interest Group, or SIG.
05:55 EDTMUDRAMeXchange: Global mobile DRAM revenue up 7.7% in Q2, DigiTimes reports
Global sales of mobile DRAM increased 7.7% sequentially to $3.85B while global sales of overall DRAM decreased 4.8% to $11.4B in Q2, reports DigiTimes, citing DRAMeXchange. Mobile DRAM prices were less affected by falling prices for PC DRAM chips when compared to other types of DRAM. Prices for PC DRAM chips, which fell 15% in July, are forecast to drop an overall 30% in the third quarter of 2015. Reference Link
05:37 EDTHIMXHimax to start shipping for HiSIT TDDI solution by Q4
Himax announced design-ins with key panel makers and OEMs for its best-in-class single-chip touch and display driver integration solution, HiSIT. In addition to the existing shipment of out-cell and on-cell solutions, Himax's "HiSIT" TDDI solution is ready for mass production and is expected to start shipping by the fourth quarter of 2015.
August 17, 2015
16:00 EDTMUOptions Update; August 17, 2015
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11:11 EDTMUAnalysts split on Micron after analyst day
Analysts were divided on the outlook for flash memory product maker Micron (MU) following its analyst day. Wells Fargo upgraded the stock to Market Perform from Underperform and Piper Jaffray said that the stock was unlikely to drop much further. However, Bank of America/Merrill and Wedbush cut their rating on the shares to Neutral from Buy. UPGRADE: Wells Fargo upgraded Micron to Market Perform from Underperform. Following the stock's decline over the last few months, the shares "reflect a more realistic view" of the flash memory sector's outlook, the firm stated. Additionally, the sector's financial condition has improved in recent years, which should boost the sector's profits and margins over the longer term, Wells Fargo stated. However, the firm still believes that the company is facing several risks, including falling prices for DRAM, a widespread form of flash memory, and its rising capital spending. Although Micron is facing "challenging near-term conditions," including a weak PC market, the company outlined many positive aspects of its business, according to Piper Jaffray analyst Ruben Roy. The longer term trends for the flash memory sector remain positive, as consolidation, low supply growth and diversifying demand should increase the profits of suppliers, Roy believes. And although Micron said its capital spending would be above expectations, Roy expects these investments to help the company enhance its manufacturing process and efficiency, boosting its performance over the longer term. Micron may miss estimates in the short-term but its share price is unlikely to drop much further, and its performance should improve significantly next year, according to Roy. He kept an Overweight rating on the stock. BEARISH TAKE: The DRAM supply/demand dynamic probably won't improve and Micron's cost reductions probably won't outpace price declines until mid-2016, according to Wedbush analyst Betsy Van Hees. Although Van Hees believes that the company's spending will help it over the longer term, she forecast that the stock would "continue to struggle" until the DRAM supply/demand dynamic stabilizes. The analyst cut her price target on the name to $19 from $26. Micron's decision to raise its capital spending suggests that it is "overconfident" in its new chips, according to Bank of America/Merrill Lynch analyst Simon Dong-je Woo. The margins on the new chip "could easily" be negative, the analyst believes. Woo thinks that Micron's capital expenditures next year should be $3B-$4B versus the company's guidance of $5.3B-$5.8B. The analyst's target on the name fell to $19 from $28.40. PRICE ACTION: In late morning trading, Micron lost 0.2% to $17. Earlier the stock reached a new 52-week low of $16.12. The shares of another flash memory product maker, SanDisk (SNDK), were flat at $58.
10:09 EDTMUOn The Fly: Analyst Downgrade Summary
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09:51 EDTMUFollow-up: Micron downgraded to Neutral on capex hike at BofA/Merrill
As previously reported, BofA/Merrill downgraded Micron to Neutral from Buy. The firm said the unexpected FY16 capex hike may reflect overconfidence by management for new chips and could cause execution and earnings misses.. Additionally, BofA/Merrill said Hynix's capex increase is likely to be material and could lead to capex increases by rivals. The firm lowered its price target on shares to $19 form $28.40.
09:38 EDTMUActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
09:16 EDTMUMicron downgraded to Neutral from Buy at BofA/Merrill
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07:30 EDTMUMicron weakness from concerns with investment returns, says Susquehanna
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07:04 EDTSIMOSilicon Motion upgraded to Overweight from Sector Weight at Pacific Crest
Pacific Crest upgraded Silicon Motion to Overweight with a $32 price target based on growth opportunities and valuation. The firm is bullish on growth opportunities in client SSDs and greater market share, and views valuation as attractive.
07:01 EDTMUMicron downgraded to Neutral from Outperform at Wedbush
07:00 EDTMUMicron upgraded to Market Perform from Underperform at Wells Fargo
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06:31 EDTMUMicron share downside limited from here, says Piper Jaffray
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August 14, 2015
16:37 EDTMUAppaloosa gives quarterly update on stakes, takes stake in Apple
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16:00 EDTMUOptions Update; August 14, 2015
iPath S&P 500 VIX Short-Term Futures down 4c to 16 Option volume leaders: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT RAD CSCO JCP AMZN SUNE
10:13 EDTINTCAnalyst says Twitter CEO decision could come next week
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07:13 EDTINTCQualcomm outpacing Intel on technology, says JMP Securities
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06:00 EDTCYCypress Semiconductor implied volatility of 51 at upper end of index
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05:51 EDTHIMXHimax management to meet with Oppenheimer
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