New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 19, 2014
13:43 EDTTXN, NVDA, BRCM, MUAnalyst sees value in semiconductors, upgrades several in space
Shares of several semiconductor companies are rising after their shares were upgraded to Outperform from Sector Perform by RBC Capital in a note to investors earlier today. WHAT'S NEW: The stock multiples of semiconductor makers should be higher, RBC Capital argued in a note about the sector. In conjunction with that note, the firm upgraded its ratings on several names in the space, including, Micron (MU), NVIDIA (NVDA), Texas Instruments (TXN), and Broadcom (BRCM). Micron, which develops computer memory products, should benefit from higher gross margins generally and strong prices for DRAM in particular given tight supplies, RBC analyst Doug Freedman wrote. Additionally, Micron could return cash to shareholders, he stated. Freedman raised his price target on the shares to $34 from $27. NVIDIA is likely to benefit as it sells chips for use in higher value markets, such as gaming systems and automobiles, the analyst contended. Moreover, NVIDA's past investments should allow it to control its spending more tightly going forward, resulting in strong cash flows, according to Freedman. The company's current strategies are more likely to enable its free cash flow to grow than its previous strategies, the analyst indicated, hiking his price target on the stock to $26 from $21. Like NVIDIA, Texas Instruments is likely to benefit as it sells chips into more lucrative markets, according to Freedman. In Texas Instruments' case, these markets include communications and industrial sectors, as well as the automotive space, he wrote. Freedman increased his price target on TI's shares to $57 from $49. Finally, Broadcom should benefit from strength in both its core broadband business and its Infrastructure & Networking Group, the analyst believes. Given the outlook for those businesses, the stock is undervalued, he contended. Also likely to boost the company is stronger demand for its mobile and wireless products due to the proliferation of advanced connectivity systems such as LTE, the analyst believes. The analyst raised his price target on Broadcom to $40 from $33.
News For MU;NVDA;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 | 3 | all recent news | >>
March 27, 2015
07:29 EDTMUConcerns over Micron overdone, says Bernstein
Subscribe for More Information
06:08 EDTMUMicron, Intel unveil new 3D NAND flash memory
Subscribe for More Information
March 26, 2015
12:03 EDTMUMicron April weekly volatility elevated into Q2 and outlook
Subscribe for More Information
11:57 EDTMUSanDisk weakness likely company specific, says Piper Jaffray
Subscribe for More Information
08:26 EDTNVDA, TXN, MUSemi stocks less likely to rebound now than in 4Q14, says Goldman
Subscribe for More Information
08:21 EDTTXNTexas Instruments to hold a webinar
Worldwide Translation Manager, Paul von Wupperfeld, holds a webinar to discuss Machine Translation and how it can cut costs and handle high volume translation requirements on March 26 at 12 pm. Webcast Link
07:00 EDTMUSanDisk drops 14% after cutting Q1, 2015 revenue outlook
Subscribe for More Information
05:57 EDTMUMicron checks show challenges for 20nm DRAM, says Piper Jaffray
Piper Jaffray says its recent checks with supply chain participants in Asia suggest Micron may be experiencing typical node-migration yield challenges for 20nm DRAM. Piper believes this could drive the company's FY15 bit growth below current management guidance, but it expects a recovery in FY16. Piper lowered its estimates for Micron, but continues to view the stock as undervalued. It reiterates an Overweight rating on the name with a $41 price target.
March 25, 2015
12:27 EDTNVDANVIDIA hits session low, levels to watch
Subscribe for More Information
10:00 EDTMUOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:00 EDTMUMicron shares should be bought on weakness, says Argus
Subscribe for More Information
06:44 EDTMUMicron initiated with a Neutral at MKM Partners
Subscribe for More Information
March 24, 2015
17:11 EDTMUPhototronics enters into supply and license agreement with Micron
Subscribe for More Information
07:21 EDTBRCMBroadcom pause in set-top box orders is temporary, says Macquarie
Subscribe for More Information
07:07 EDTMUMicron volatility increases into Q2 and outlook
Micron April weekly call option implied volatility is at 42, April is at 41, May is at 37, July is at 36; compared to its 26-week average of 39 according to Track Data, suggesting non-directional price movement into the expected release of Q2 results on April 2.
March 23, 2015
10:00 EDTNVDAOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:28 EDTNVDAOn The Fly: Pre-market Movers
Subscribe for More Information
06:09 EDTNVDANVIDIA downgraded to Sell from Neutral at Goldman
Subscribe for More Information
March 20, 2015
14:20 EDTMUMicron volatility flat into Q2 and outlook
Micron April weekly call option implied volatility is at 39, April is at 38, May is at 37, July is at 34; compared to its 26-week average of 39 according to Track Data, suggesting non-directional price movement into the expected release of Q2 results on April 2.
07:24 EDTBRCMBroadcom chip renews competition with in-house hardware makers, WSJ says
Subscribe for More Information
1 | 2 | 3 | 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