New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 7, 2014
13:05 EDTSNDK, SWKS, SSNLF, NXPI, MU, AVGOAnalyst says semiconductor stocks attractive after decline
Many semiconductor stocks are attractive following their recent decline, research firm Sterne Agee wrote in a note to investors earlier today. WHAT'S NEW: The fundamental medium to long-term outlook for semiconductor stocks hasn't changed, Sterne Agee analyst Vijay Rakesh wrote. The companies in the sector should benefit from strong product sales, market share gains and earnings leverage, Rakesh believes. The valuation of stocks in the sector is attractive, with Micron (MU), NXP Semiconductor (NXPI), Avago (AVGO), Skyworks (SWKS) and SanDisk (SNDK) having particularly attractive valuations, the analyst contended. Micron and SanDisk should benefit from improved supply/demand dynamics in the flash memory market, while NXP Semiconductor should be boosted by stronger Chinese auto sales, according to Rakesh. The upcoming launch of Samsung's (SSNLF) Galaxy S5 smartphone and the continued development of 4G networks in China should help Skyworks, the analyst wrote. PRICE ACTION: In early afternoon trading, Micron fell 4% to $21.70, NXP Semiconductors slid 3% to $55.85, Avago dropped 3% to $60, Skyworks lost 0.7% to $36, and SanDisk fell 3% to $78.
News For MU;NXPI;AVGO;SWKS;SNDK;SSNLF 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 | >>
April 15, 2015
17:16 EDTSNDKSanDisk says problems with embedded component product impacted Q1
The company says qualification delays for embedded component effected revenue in Q1 and will impact Q2.
17:12 EDTSNDKSanDisk no longer sees $1B in Enterprise sales for FY15
17:09 EDTSNDKSanDisk says reducing FY15 estimates for SAS product
Subscribe for More Information
17:06 EDTSNDKSanDisk says financial performance over last two quarters 'unacceptable'
Subscribe for More Information
16:08 EDTSNDKSanDisk says 'taking aggressive measures' to regain excellence
Subscribe for More Information
16:06 EDTSNDKSanDisk reports Q1 adjusted gross margin 43%
Subscribe for More Information
16:06 EDTSNDKSanDisk reports Q1 EPS 62c, consensus 66c
Reports Q1 revenue $1.33B, consensus $1.31B.
15:05 EDTSNDK, MU, SSNLFEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
Subscribe for More Information
14:05 EDTSNDKSanDisk technical notes before earnings
Subscribe for More Information
10:06 EDTSSNLFSamsung creates team to work exclusively on Apple devices, Bloomberg reports
Subscribe for More Information
09:55 EDTNXPIBofA/Merrill U.S. autos analysts hold an analyst/industry conference call
Subscribe for More Information
06:14 EDTSSNLFSamsung may be borrowing from Apple profit margin strategy, WSJ reports
Samsung (SSNLF) could be borrowing from Apple's (AAPL) profit margin strategy by charging customers $100 more for each incremental gain in storage capacity, reports the Wall Street Journal. IHS senior director of research and analytics Andrew Rassweiler said it costs Samsung makes an extra $87 in profit each time it sells a 64-gigabyte Galaxy S6 and an extra $160 each time it sells a 128-gigabye device. Rassweiler adds that Apple has been structuring its iPhone offerings like this for years to improve margins. Reference Link
05:55 EDTSSNLFSamsung Taiwan mobile business general manager to resign, DigiTimes reports
Subscribe for More Information
April 14, 2015
12:40 EDTSSNLFPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
10:27 EDTSSNLFSamsung's Galaxy S6 Edge costliest phone to build, Re/code reports
Subscribe for More Information
09:19 EDTMUMicron management to meet with Brean Capital
Meeting to be held in Chicago on April 21 hosted by Brean Capital.
08:39 EDTSNDKSanDisk volatility elevated into Q1 and outlook
Subscribe for More Information
05:46 EDTSSNLFReport: Samsung to hold off release of flexible tablets in 2015, DigiTimes says
Subscribe for More Information
April 13, 2015
06:09 EDTSSNLFSamsung semiconductor CapEx to reach $15B in 2015, DigiTimes reports
Samsung's semiconductor capital spending is expected to reach a record $15B in 2015, reports DigiTimes Research. The company's CapEx for system ICs is expected to reach $4B, mainly to finance the commencement of its Line-17 fab in Hwasong and a buildup of its plant in Austin, Texas. Reference Link
06:01 EDTSNDKStocks with implied volatility below IV index mean; LL SNDK
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