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Stock Market & Financial Investment News

News Breaks
April 7, 2014
13:05 EDTSSNLF, SNDK, SWKS, AVGO, NXPI, MUAnalyst 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
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May 20, 2015
07:36 EDTMUMicron estimates, target lowered on PC weakness at Deutsche Bank
Deutsche Bank lowered estimates for Micron after its channel checks indicated DRAM price negotiations "remain challenging" in May given amid soft PC demand. The firm, however, believes PC demand will strengthen starting in July driven by seasonality and the launch of Windows 10. It thinks this will be the last cut to estimates and maintains a Buy rating on Micron. It lowered its price target for shares to $32 from $34.
06:25 EDTSSNLFSamsung could release next Galaxy Note phone as early as July, BI reports
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May 19, 2015
19:44 EDTSSNLFSamsung's next chairman may pursue smartphone, wearables synergies, Reuters says
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12:25 EDTAVGO, SWKSOn The Fly: Top stock stories at midday
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11:16 EDTSNDKSanDisk sees completing headcount reductions by end of this quarter
11:06 EDTSNDKSanDisk says in Q2 to date repurchased $100M in shares
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10:57 EDTSNDKSanDisk targets 2016 for return to enterprise revenue growth
10:56 EDTSNDKSanDisk sees enterprise revenue contracting sequentially in Q2
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10:49 EDTSNDKSanDisk rallies while presenting at conference
Shares of SanDisk (SNDK) are moving higher while the company is presenting at the J.P. Morgan Global Technology, Media and Telecom Conference. During its presentation, SanDisk management said that 15 nanometer technology is ramping to plan and that it expects "strong" sequential revenue growth in the second half of the year. Shares of SanDisk are up 1.7% to $68.66 in morning trading.
10:46 EDTSNDKSanDisk sees strong sequential revenue growth in 2H
Sees successful completion of embedded qualifications.
10:43 EDTSNDKSanDisk says 15 nanometer technology ramping to plan
Comments from J.P. Morgan Global Technology, Media and Telecom Conference.
09:42 EDTAVGO, SWKSChinese professors charged with stealing secrets from Avago, Skyworks
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05:59 EDTSSNLFSources: Apple able to launch iPhone 6s as early as August, BGR says
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May 18, 2015
16:00 EDTMUOptions Update; May 18, 2015
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12:46 EDTSWKSSkyworks expands portfolio of RF switches for Internet of Things
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10:57 EDTMUMicron May weekly calls active
Micron May weekly 26.5 and 27 weekly calls are active on total call volume of 35K contracts (3K puts). May weekly call option implied volatility is at 36, June is at 32, July is at 34; compared to its 90-day average of 35, active call volume suggests traders taking positions for large near term price movement.
10:32 EDTMUMicron management to meet with JMP Securities
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10:02 EDTSNDKNAND pricing tracking ahead of expectations, says JPMorgan
JPMorgan said the NAND market is picking up and pricing is tracking ahead of expectations due to restocking momentum. The firm expects NAND market traction heading into 2H driven by new smartphone launches and a recovery in the PC market. Note SanDisk is leveraged to NAND.
09:36 EDTSSNLFAppeal says Samsung $930M damages to Apple must be adjusted, Bloomberg reports
The U.S. Court of Appeals for the Federal Circuit ruled that Samsung (SSNLF) did infringe Apple’s (AAPL) design patents, but did not violate Apple’s trade dress, meaning the $930M damages award to Apple must be adjusted, reported Bloomberg. Reference Link
09:26 EDTSSNLFApple gets mixed ruling from appeals court in Samsung case, Bloomberg reports
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