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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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March 3, 2015
06:45 EDTMUMicron downgraded to Neutral from Buy at Nomura
March 2, 2015
14:52 EDTNVDAMobileye slides after Freescale introduces new auto chip
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13:43 EDTNVDAMobileye lower on new Freescale processor, says Wells Fargo
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10:27 EDTMUStocks with call strike movement; MU SYY
Micron (MU) July 37 call option implied volatility increased 18% to 39, Sysco (SYY) April 43 call option implied volatility increased 10% to 42 according to IVolatility.
07:57 EDTMUMicron DRAM pricing in-line, says Pacific Crest
After traveling with Micron's management, Pacific Crest says that the company's DRAM pricing trends are in-line with expectations and stable. The firm expects the company's DRAM margins to expand beginning in the second half of 2015 and into 2016. It continues to recommend buying the stock.
February 26, 2015
11:00 EDTTXNWi-LAN enters into settlement, license agreement with Texas Instruments
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09:00 EDTMUMicron management to meet with Deutsche Bank
Meeting to be held in Boston on February 26 hosted by Deutsche Bank.
February 25, 2015
07:56 EDTMUMicron management to meet with Deutsche Bank
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February 24, 2015
14:35 EDTMUMicron retreats amid pricing, Apple worries but analysts defend shares
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12:42 EDTMUOn The Fly: Midday Wrap
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12:26 EDTMUMicron weakness a buying opportunity, says Sterne Agee
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12:15 EDTMUMicron sell-off 'totally unwarranted,' says Summit Research
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11:48 EDTMUMicron says not seeing pricing decline alluded to in 'boutique firm' report
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11:40 EDTMUStocks with call strike movement; MU EBAY
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11:38 EDTMUMicron pullback a buying opportunity, says JPMorgan
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10:43 EDTMUMicron drop on Apple speculation presents buying opportunity, says Stifel
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09:46 EDTMUMicron falls sharply, levels to watch
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09:46 EDTMUMicron's May guidance looks increasingly challenged, says Cleveland Research
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07:19 EDTBRCMSusquehanna to hold a summit
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February 23, 2015
10:38 EDTMUMicron management to meet with Pacific Crest
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