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May 19, 2014
13:43 EDTMU, TXN, NVDA, BRCMAnalyst 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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January 26, 2015
18:17 EDTTXNTexas Instruments says expects embedded operating margins to increase
Says expects consignment inventory to increase going forward. Says inventories at "healthy levels." Says expects long term CapEx to be about 4% of revenue. Says majority of cash on balance sheet is onshore. Says 2015 OpEx should run at lower end of 20%-30% of revenue. Says has lots of room to gain market share in analog, embedded processing. Says expects to ramp up factories through Q1 into Q2. Says continues to see China as a "great opportunity." Comments from company's Q4 earnings conference call.
16:49 EDTTXNTexas Instruments sees 2015 effective tax rate about 30%
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16:40 EDTTXNTexas Instruments reports Q4 adjusted EPS 69c, consensus 69c
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16:32 EDTTXNTexas Instruments says inventory ended the quarter at 117 days
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16:31 EDTTXNTexas Instruments reports Q4 gross margin 58%
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16:31 EDTTXNTexas Instruments sees Q1 EPS 57c-67c, consensus 63c
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16:30 EDTTXNTexas Instruments reports Q4 EPS 76c, consensus 69c
Reports Q4 revenue $3.27B, consensus $3.26B.
15:33 EDTTXNTexas Instruments January weekly 55 straddle priced for 3.6% movement into
15:30 EDTTXNNotable companies reporting after market close
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13:50 EDTTXNTexas Instruments technical notes ahead of earnings
Price ahead of earnings is close to the 52-week high at $56, which is the top of a recent consolidation pattern. With the trend preceding that pattern bullish, a breakout above the 52-week high would be bullish for price. A minimum upside potential would be to the $60 area based on the height of the pattern. If the news is a disappointment, the reaction on the downside would likely be as robust as upside on a positive surprise. The low of the consolidation zone is at $51.50. Should that level be broken on the downside it would be bearish for future price, with next support at $50.08.
January 25, 2015
17:30 EDTMUDelta Air Lines, Ford, four others could shine this year, Barron's says
Delta Air Lines (DAL), Ford (F), Discover (DFS), JPMorgan Chase (JPM), Lam Research (LRCX), and Micron Technology (MU) could all provide growth at a reasonable price this year, Barron's contends in a feature article. Reference Link
January 23, 2015
05:30 EDTNVDAiQIYI, NVIDIA announce strategic partnership to establish R&D center
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January 22, 2015
14:48 EDTTXNTexas Instruments volatility elevated into Q4 and outlook
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13:03 EDTMUAnalysts differ on SanDisk after Apple loss clips outlook
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January 21, 2015
17:50 EDTMUSanDisk reverses in after hours to down 6% after guidance
SanDisk peer Micron is trading down over 1% in the after hours.
January 20, 2015
08:25 EDTMUMicron upgraded to Positive at Susquehanna
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06:47 EDTMUMicron upgraded to Positive from Neutral at Susquehanna
January 16, 2015
16:36 EDTMUMarket finishes week lower on continued oil, global growth worries
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09:37 EDTMUActive equity options trading
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January 15, 2015
06:30 EDTNVDAGoogle in talks with major automakers on driverless cars, Reuters reports
Google (GOOG) is in talks with many of the top automakers in the world, including Toyota (TM), GM (GM) and Ford (F), about developing driveless vehicles, the director of Google's self-driving car project said yesterday, according to Reuters. The tech giant has also hired a group of "traditional and nontraditional suppliers" to bolster its efforts, with Nvidia (NVDA) one of the latter group, the news service quoted the executive as saying. Google aims to bring driverless vehicles to the market by 2020, the executive said, Reuters reported. Reference Link
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