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Stock Market & Financial Investment News

News Breaks
May 19, 2014
13:43 EDTMU, NVDA, TXN, 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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September 19, 2014
14:09 EDTMUMicron volatility elevated into Q4 an outlook
Micron September weekly call option implied volatility is at 67, October weekly is at 54, October is at 41. November is at 39, January is at 38; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on September 25.
11:23 EDTMUStocks with call strike movement; YHOO MU
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08:11 EDTBRCM, TXNTriQuint chip among those in iPhone 6 Plus, iFixit reports
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08:03 EDTBRCM, TXNInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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September 18, 2014
16:33 EDTTXNTexas Instruments increases quarterly dividend 13% to 34c from 30c
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15:22 EDTBRCMBroadcom appears to be WiFi chip provider for Apple Watch, Chipworks says
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06:45 EDTMUMobile DRAM bit growth to reach 37.5% in 2H14, DigiTimes Research reports
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September 16, 2014
09:36 EDTMUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX TSLA YHOO FB PBR MU AA TWTR WMT
September 15, 2014
11:56 EDTMUStocks with call strike movement; MU GILD
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September 14, 2014
18:10 EDTMUMicron looks to expand to autos and wearables, WSJ says
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September 12, 2014
14:03 EDTBRCMKeysight enters into manufacturing test license agreement with Broadcom
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13:11 EDTTXNToshiba to supply chips for Toyota driver-assistance systems, Nikkei says
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05:34 EDTBRCMRovi announces collaboration with Broadcom
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September 11, 2014
17:27 EDTBRCMBroadcom powers new TiVo Ultra HD set-top box solution
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September 10, 2014
10:44 EDTMUMicron mentioned positively at Raymond James
08:12 EDTBRCMApple iPhone 802.11ac support a positve for Broadcom, says Macquarie
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September 9, 2014
07:22 EDTMURaymond James to hold a conference
North American Equities Conference to be held in London, England on September 9.

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