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News Breaks
May 13, 2014
04:55 EDTNVDA, NVDA, AMD, AMD, BRCM, BRCM, KLAC, KLAC, LRCX, LRCX, MXIM, MXIM, ALTR, ALTR, AMCC, AMCC, CAVM, CAVM, INVN, INVN, AXG, AXGCLSA to hold a tour
Silicon Valley Semi Tour travels throughout Silicon Valley meeting with semiconductor companies on May 13-14.
News For NVDA;INVN;CAVM;AMCC;ALTR;MXIM;LRCX;KLAC;BRCM;AMD;AXG From The Last 14 Days
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July 29, 2015
09:10 EDTMXIM, NVDAMaxim Integrated partners with NVIDIA on automotive platform solutions
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July 28, 2015
10:38 EDTALTROptions with increasing implied volatility
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10:00 EDTKLACOn The Fly: Analyst Downgrade Summary
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07:59 EDTLRCX, KLACKLA-Tencor downgraded to Sell from Neutral at Citi
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July 24, 2015
10:00 EDTMXIMOn The Fly: Analyst Upgrade Summary
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07:59 EDTMXIMMaxim Integrated upgraded to Buy from Underperform at BofA/Merrill
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07:05 EDTMXIMMaxim Integrated upgraded to Buy from Hold at Evercore ISI
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July 23, 2015
19:06 EDTMXIMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
16:32 EDTALTRAltera reports Q2 EPS 23c, consensus 26c
Reports Q2 revenue $414.2M, consensus $409.56M. The company said, "Our wireless customers reduced demand on us this quarter, as expected, in reaction to continuing adverse market conditions. This pause in wireless spend more than offset growth across many of our vertical markets."
16:18 EDTMXIMMaxim Integrated up 1.7% after reporting Q4 results, raising quarterly dividend
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16:18 EDTMXIMMaxim Integrated raises quarterly dividend by 7% to 30c per share
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16:17 EDTMXIMMaxim Integrated sees Q1 EPS ex-items 38c-44c, consensus 42c
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16:14 EDTMXIMMaxim Integrated reports Q4 EPS ex-items 43c, consensus 39c
Reports Q4 revenue $582.52M, consensus $590.26M.
15:04 EDTMXIMNotable companies reporting after market close
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09:38 EDTAMDActive equity options trading on open
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July 22, 2015
14:51 EDTAMD, AMCC, ALTR, CAVM, MXIM, BRCMEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
12:35 EDTMXIMAnalog chip makers fall after Linear cites weak end market demand
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July 21, 2015
19:00 EDTBRCMOn The Fly: After Hours Movers
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16:01 EDTAMDOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
05:51 EDTAMDUMC enters volume production for AMD chips using TSV, DigiTimes reports
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