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Stock Market & Financial Investment News

News For MXIM;MXIM;MXIM;ALTR;ALTR;ALTR;ARUN;ARUN;ARUN;JNPR;JNPR;JNPR;CAVM;CAVM;CAVM;NTGR;NTGR;NTGR From The Last 14 Days
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March 30, 2015
06:59 EDTALTRAltera upgraded to Market Perform from Underperform at William Blair
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06:48 EDTALTRAltera downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Altera (ALTR) following news Intel (INTC) is interested in acquiring the company and recommends taking profits.
06:23 EDTALTRAltera buyout would be slight positive for Intel, Xilinx, says Citigroup
Citigroup believes Intel's (INTC) potential acquisition of Altera (ALTR), as reported Friday by The Wall Street Journal, would be a slight positive for Intel since Altera's business is high-margin and grows faster than the overall semi sector. Citi also believes the deal would potentially improve Xilinx’s (XLNX) competitive positioning since Intel's foundry is experiencing challenges and Altera would likely be stuck with using Intel foundry if it were acquired. The firm keeps a Neutral rating on Intel with a $32 price target.
06:14 EDTALTRAltera downgraded to Equal Weight from Overweight at Morgan Stanley
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March 29, 2015
18:29 EDTALTRIf Intel buys Altera, Xilinx may become a takeover target, Re/code says
If published reports from Friday of chipmaker Intel's (INTC) intentions to acquire Altera (ALTR) turn out to be accurate, look for Altera peer Xilinx (XLNX) to be a takeover target, says Re/code says. Reference Link
March 27, 2015
16:23 EDTALTROn The Fly: Closing Wrap
Stocks opened slightly higher but were unable to gather any upside momentum. They quickly crossed into negative territory but never really picked up speed to the downside. After the slightly better than expected consumer confidence reading, the averages moved back into positive ground where they spent most of the session hovering near the flat line. Near the close, comments by Fed Chair Janet Yellen that an interest rate hike "may be warranted later this year," lifted the averages into positive territory. ECONOMIC EVENTS: In the U.S., real GDP growth was steady at 2.2% in Q4, falling below consensus forecasts for 2.4% growth. GDP price index grew 0.1% on a linked quarter basis, matching expectations. U.S. consumer sentiment fell to 93.0 against consensus of 92.1. The current conditions index dipped to 105.0 from February's 106.9, while the consumer expectations index dropped to 85.3 from 88.0. COMPANY NEWS: Dow Chemical (DOW) and Olin (OLN) were up 3% and 14%, respectively, after announcing that Dow will separate much of its chlorine value chain and merge the entity with Olin in a $5B deal. Additionally, the companies announced a 20-year arrangement in which Dow will supply Olin with ethylene. Late in the session, the Wall Street Journal reported that Intel (INTC) was in talks to acquire Altera (ALTR), sending both stocks higher by 6% and 28%, respectively. MAJOR MOVERS: Among the notable gainers was Carnival (CCL), which rose over 6% after beating earnings expectations and raising FY15 revenue yield guidance. Also higher was BioMarin (BMRN), jumping 11% after speculation of a Shire (SHPG) takeover deal. Among the noteworthy losers was Southern Cooper (SCCO), which fell nearly 4% after the company cancelled its Tia Maria mining project. Also lower was OvaScience (OVAS), down 10% after Oppenheimer reported pushback from academics during the company's presentation of early Augment data. Opco cautioned, however, that criticism of non-trial data is "inevitable" and JMP Securities called the results encouraging. INDEXES: The Dow rose 34.43, or 0.19%, to 17,712.66, the Nasdaq gained 27.86, or 0.57%, to 4,891.22, and the S&P 500 added 4.87, or 0.24%, to 2,061.02.
16:01 EDTALTROptions Update; March 27, 2015
iPath S&P 500 VIX Short-Term Futures down 31c to 25.74 Option volume leaders: AAPL TSLA TWTR RAD FB PBR AMZN DOW VLO AMAT ALTR according to Track Data.
15:48 EDTALTR Altera calls active on Intel in talks to buy report
Altera (ALTR) April 36 and 37 calls are active after DJ reported Intel (INTC) is in acquisition talks. April call option implied volatility is at 55, May is at 34; compared to its 26-week average of 26 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
15:47 EDTALTRAltera up 22% after WSJ reports Intel in acquisition talks
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15:44 EDTALTRIntel in talks to buy Altera, WSJ reports
Intel (INTC) is in talks to acquire Altera (ALTR) in what would be Intel's largest deal ever, according to the Wall Street Journal, which added that terms of the deal and timing couldn't be learned. Reference Link
15:38 EDTALTRAltera up 12.5% after DJ reports Intel in acquisition talks
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15:36 EDTALTRIntel in talks to buy Altera, DJ reports
10:03 EDTJNPR, NTGROn The Fly: Analyst Initiation Summary
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March 26, 2015
16:34 EDTJNPRJuniper initiated with a Neutral at Guggenheim
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16:34 EDTNTGRNetgear initiated with a Neutral at Guggenheim
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March 24, 2015
07:26 EDTMXIMMaxim Integrated targeting major banks with patent lawsuits, Reuters reports
Maxim Integrated is (MXIM) targeting several major banks alleging their smartphone banking apps infringe the company's patents, reports Reuters. The complaints were filed against M&T Bank (MTB), and the US affiliates of HSBC (HSBC) and Banco Santander (SAN). The patents cover various technologies that secure data, including encryption for mobile financial transactions. Reference Link
March 23, 2015
10:01 EDTMXIMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allied World (AWH) initiated with a Market Perform at Keefe Bruyette... Capnia (CAPN) initiated with a Buy at Maxim... Catamaran (CTRX) initiated with a Buy at Mizuho... CyberArk (CYBR) initiated with a Buy at BofA/Merrill... Inotek Pharmaceuticals (ITEK) initiated with a Buy at Canaccord... Kinder Morgan (KMI) initiated with a Buy at Argus... MGM China (MCHVF) initiated with a Market Perform at Bernstein... Maxim Integrated (MXIM) initiated with a Buy at Summit Research... Melco Crown (MPEL) initiated with an Outperform at Bernstein... Microsemi (MSCC) initiated with an Outperform at BMO Capital... Sands China (SCHYY) initiated with an Outperform at Bernstein... Tetraphase (TTPH) initiated with a Buy at Nomura... Vista Outdoor (VSTO) initiated with a Sector Weight at KeyBanc... Wynn Macau (WYNMF) initiated with a Market Perform at Bernstein.
09:09 EDTMXIMMaxim Integrated initiated with a Buy at Summit Research
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March 20, 2015
07:24 EDTCAVM, JNPRBroadcom chip renews competition with in-house hardware makers, WSJ says
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06:24 EDTALTRChina Mobile capex outlook negative for Xilinx, Altera, says Citigroup
Citigroup says the lower 2015 capital expenditure guidance from China Mobile (CHL) is negative for Xilinx (XLNX) and Altera (ALTR) since it offsets the higher spending at China Telecom (CHA) and China Unicom (CHU). Citi sees downside to consensus estimates for both Xilinx and Altera and keeps Neutral ratings on the stocks.
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