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Stock Market & Financial Investment News

News Breaks
January 15, 2013
06:45 EDTLLTC, AVGO, MXIMLinear Technology valuation looks stretched, says Citigroup
Citigroup says Linear Technology's (LLTC) valuation appears stretched at current levels and keeps a Sell rating on the stock with a $32 price target. Citi prefers higher growth peers Avago (AVGO) and Maxim Integrated (MXIM) to Linear.
News For LLTC;AVGO;MXIM From The Last 14 Days
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June 12, 2013
12:12 EDTMXIMSynaptics slides after firm warns of Galaxy S4 production cut
Shares of Synaptics (SYNA), which develops touch products for smartphones, are declining after research firm Maxim Group wrote that the company would be hurt by Samsung's (SSNLF) decision to produce many fewer Galaxy S4 devices. WHAT'S NEW: Samsung has started reducing its shipments of Galaxy S 4 smartphones in response to weak sales of the device, Maxim Group wrote in a note to investors. The Korean company is likely to reduce production of the device by 20%-25%, the firm added. Synaptics has the most exposure to the Galaxy S4 of all the companies that Maxim covers, the analyst wrote. TODAY'S PRICE ACTION: In early afternoon trading, Synaptics fell $1, or 2.6%, to $37.75. OTHERS TO WATCH: Other companies with exposure to Samsung devices include Broadcom (BRCM), Maxim Integrated (MXIM), Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), Skyworks (SWKS), ARM Holdings (ARMH), Qualcomm (QCOM), and TriQuint (TQNT).
07:57 EDTMXIMMaxim Integrated weakness creates buying opportunity, says Oppenheimer
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June 11, 2013
10:03 EDTMXIMOn The Fly: Analyst Downgrade Summary
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09:13 EDTMXIMSome component makers to be hurt by lower Galaxy S 4 outlook, says Pacific Crest
After speaking with Samsung (SSNLF) and conducting checks, Pacific Crest believes that expectations for Galaxy S 4 sales in Q3 are too high. As a result, the firm reduced its price target on Broadcom (BRCM) to $41 from $44, and on Maxim Integrated (MXIM) to $34 from $37. The firm also lowered its estimates for Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), and Skyworks (SWKS). The firm keeps Outperform ratings on Broadcom, Maxim, and Peregrine, and Sector Perform ratings on Skyworks, Audience, and RF Micro.
08:01 EDTAVGOAvago management to meet with Deutsche Bank
Meeting to be held in Boston on June 11 hosted by Deutsche Bank.
07:40 EDTMXIMMaxim Integrated downgraded to Neutral from Positive at Susquehanna
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June 10, 2013
10:04 EDTMXIMOn The Fly: Analyst Downgrade Summary
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07:31 EDTMXIMMaxim Integrated downgraded to Neutral from Overweight at JPMorgan
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June 5, 2013
13:54 EDTAVGOOptions with decreasing implied volatility: SPLK PANW OVTI VOD AVGO

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