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Stock Market & Financial Investment News

News Breaks
May 19, 2014
13:43 EDTNVDA, BRCM, MU, TXNAnalyst 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
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September 3, 2015
15:32 EDTMUOptions Update; September 3, 2015
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September 2, 2015
12:33 EDTMUOptions Update; September 2, 2015
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06:04 EDTTXNApple recruits talent for 'Project Titan' team, MacRumors reports
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September 1, 2015
10:16 EDTBRCMOptions with decreasing implied volatility
Options with decreasing implied volatility: UVXY MDCO CAM BRCM ANF SRPT TZA WDAY MEMP ZOES
09:41 EDTMUDRAM prices likely to continue to fall, says Cleveland Research
Cleveland Research's channel checks indicate PC DRAM pricing is likely to continue to decline on a contract basis to approximately $17 by year end, along with server and mobile pricing. The firm's contacts indicate DRAM demand remains weak with no real indications of a rebound and supply remains in excess. Cleveland remains cautious on Micron and the DRAM market, and sees additional downside to consensus estimates.
07:48 EDTNVDASemiconductor sector upgraded to Neutral from Cautious at UBS
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August 31, 2015
16:00 EDTMUOptions Update; August 31, 2015
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13:29 EDTMUMicron volatility elevated
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11:21 EDTMUTsinghua open to Micron partnership if deal not reached, dealReporter says
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10:57 EDTMUAnalyst calls end to PC downturn, upgrades Intel
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05:50 EDTMUStocks with implied volatility movement; MRO MU
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August 28, 2015
08:03 EDTMUMicron management to meet with MKM Partners
Meetings to be held in Connecticut on September 3 and in New York on September 4 hosted by MKM Partners.
06:10 EDTMUTsinghua Unigroup chairman meets with Micron board members, Reuters says
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August 27, 2015
15:19 EDTMUOptions Update; August 27, 2015
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11:30 EDTMUStocks with call strike movement; MU MRO
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05:53 EDTMU, TXN, NVDAIC demand for notebooks picking up, DigiTimes reports
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August 26, 2015
08:45 EDTTXNSemiconductor stock risk/reward positive, says Citi
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07:52 EDTNVDAUBS to hold a tour
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August 24, 2015
06:22 EDTNVDA, BRCMTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
August 23, 2015
14:23 EDTMUApple, Micron shares look like bargains, Barron's says
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