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Stock Market & Financial Investment News

News Breaks
March 11, 2013
12:04 EDTNXPI, BRCMNXP Semiconductors shipped 125M NFC chips in 2012, NFC Times says
NXP Semiconductors (NXPI) shipped 125M NFC chips for smartphones and tablets in 2012, the company said, NFC Times reported on Friday. The company estimated that a total of about 150M NFC chips were shipped last year, added the publication. Analysts had estimated that 100M NFC chips for smartphones would be shipped last year, NFC Times noted. Reference Link
News For NXPI;BRCM From The Last 14 Days
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April 22, 2015
14:47 EDTNXPI, BRCMEarnings Watch: Texas Instruments reports amid M&A focus in semiconductor space
Texas Instruments (TXN) is expected to report first quarter earnings after the close on Wednesday, April 22, with a conference call scheduled for 5:30 pm ET. Texas Instruments is a global semiconductor manufacturer operating in four segments: Analog, Embedded Processing, Wireless and Other. EXPECTATIONS: Analysts are looking for earnings per share of 62c on revenue of $3.2B. The consensus range is 61c-64c for EPS on revenue of $3.18B-$3.21B, according to First Call. On its last earning call, Texas Instruments said it expected Q1 EPS of 57c-67c and revenue of $3.07B-$3.33B. LAST QUARTER: On January 26, Texas Instruments reported adjusted fourth quarter EPS of 69c, which matched consensus expectations at that time. Its Q4 revenue of $3.27B came in just above the consensus forecast of $3.26B. Texas Instruments said its inventory ended the quarter at 117 days and noted on its associated conference call that it believe inventories were at "healthy levels." Texas Instruments also said then that it expected its embedded operating margins to increase. STREET RESEARCH: The day after TI's last quarterly report, Ascendiant raised its price target for Texas Instruments shares to $64 from $56 and reiterated a Buy rating on the stock. The firm attributed the post-earnings slide the stock experienced then to profit taking, rather than a fundamental disappointment. That same week, Argus increased its price target on Texas Instruments to $62 from $54 and said it expected the company's operating trends to continue to strengthen. Argus kept a Buy rating on the shares. Acquiring companies in the semiconductor space "can materially outperform the market," Jefferies analyst Mark Lipacis wrote in a note to investors on March 9. At that time, Lipacis identified Texas Instruments, NXP Semiconductors (NXPI), Avago (AVGO), Marvell (MRVL), Maxim Integrated (MXIM), Broadcom (BRCM), Altera (ALTR), and Xilinx (XLNX) as companies that were well-positioned to make acquisitions in the future. WHAT'S NOTABLE: On March 1, NXP Semiconductors and Freescale Semiconductor (FSL) announced that they have entered into a definitive agreement under which NXP will merge with Freescale in a transaction valuing the combined enterprise at just over $40B. Recent media reports suggested that Intel's (INTC) talks to acquire Altera stalled when the latter wanted more than Intel was willing to pay. PRICE ACTION: Since the day after last quarter's report, Texas Instruments' stock has rallied nearly 7%. In afternoon trading, Texas Instruments gained over 1% to $58.76.
10:20 EDTBRCMBroadcom CEO says enterprise spending 'fairly strong' globally
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10:19 EDTBRCMBroadcom CEO says focusing on connectivity technology
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09:22 EDTBRCMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
08:14 EDTBRCMBroadcom remains a top semi pick after Q1 results at JPMorgan
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07:11 EDTBRCMBroadcom price target raised to $59 from $53 at Brean Capital
Brean Capital raised its price target on Broadcom to $59 from $53 following its beat and raise Q1 results. The firm cited strength in its infrastructure and networking segments, tight cost management, and raised guidance. Brean Capital reiterated its Buy rating on Broadcom shares.
April 21, 2015
19:06 EDTBRCMOn The Fly: After Hours Movers
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16:45 EDTBRCMBroadcom up over 4% following Q1 results, guidance
16:08 EDTBRCMBroadcom sees Q2 adjusted gross margin 56%, plus or minus 75 bps
Sees Q2 gross margin 54.5%, plus or minus 75 bps. Sees Q2 research & development, and selling, general & administrative expenses down about $15M, plus or minus $10M sequentially.
16:07 EDTBRCMBroadcom sees Q2 revenue about $2.1B, plus or minus $75M, consensus $2.07B
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16:06 EDTBRCMBroadcom reports Q1 adjusted EPS 64c, consensus 60c
Reports Q1 revenue $2.06B, consensus $2.01B.
15:28 EDTBRCMNotable companies reporting after market close
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14:31 EDTBRCMBroadcom technical notes ahead of earnings
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April 20, 2015
15:16 EDTNXPIGreenlight starts new GM long position, rolls Lorillard short bet to Reynolds
David Einhorn's Greenlight Capital hedge fund said in its latest quarterly letter to investors that it had established new long positions in General Motors (GM), Chicago Bridge & Iron (CBI) and AerCap Holdings (AER) last quarter. WHAT'S NEW: Greenlight believes GM should benefit from low gas prices, low raw material costs, and its decision to launch share buybacks, Greenlight stated. GM has an excellent chance of beating 2015 EPS expectations, added the firm. Einhorn's group said they found the valuation of Chicago Bridge and Iron, an engineering and construction company with significant exposure to energy, attractive following the stock's decline. Although energy prices may stay low for some time, the company has a significant backlog that should support its earnings for several years, Greenlight stated. Additionally, the market is overestimating how much of the cost overruns for two nuclear energy projects with be shouldered by the company, Greenlight contended. AerCap, the largest publicly traded aircraft leasing company, bought AIG's (AIG) aircraft leasing business last year at a bargain price, Greenlight stated. The combined business will benefit from AerCap's low tax rate, as well as efficiencies, the hedge fund believes. WHAT'S NOTABLE: Greenlight exited its short position in Lorillard (LO). Greenlight noted that it has rolled its short bet on Lorillard into a fresh position in Reynolds American (RAI), since it still believes that the FDA is gearing up to do "something major" in terms of regulation of menthol cigarettes, but is moving "slowly and deliberately" because it anticipates an extremely aggressive industry response. The firm also exited two other short positions because the companies agreed to takeovers: Safeway (SWY) and Freescale Semiconductor (FSL), which has agreed to sell itself to NXP Semicondictors (NXPI).
14:02 EDTBRCMBroadcom April weekly volatility elevated into Q1 and outlook
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April 17, 2015
08:54 EDTBRCMBofA/Merrill U.S. semiconductor analysts holds analyst/industry conference call
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April 15, 2015
09:55 EDTNXPIBofA/Merrill U.S. autos analysts hold an analyst/industry conference call
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06:35 EDTBRCMSamsung says Galaxy S6 demand much stronger than expected, Reuters reports
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April 13, 2015
10:04 EDTBRCMBroadcom calls active on renewed takeover chatter
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09:52 EDTBRCMRumor: Broadcom strength attributed to renewed takeover speculation
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