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Stock Market & Financial Investment News

News Breaks
February 22, 2013
13:03 EDTAVGO, QCOM, SWKS, RFMDRF Micro Devices advances after analyst upgrades on pullback
RF Micro Devices (RFMD) is climbing after Lazard analyst Ian Ing upgraded the stock to Buy from Neutral in a note to investors earlier today. RF Micro slumped yesterday after Qualcomm (QCOM) announced that it would introduce a cellular radio frequency band fragmentation device called the Qualcomm RF360 Front End Solution. RF Micro markets similar products. Ing, however, wrote that fears about the effects of Qualcomm's new product on RF Micro are likely overdone. Qualcomm's front end product is largely a "proof of concept" solution meant to push other companies to solve band fragmentation issues, rather than a product that could become dominant and threaten RF Micro, the analyst wrote. Qualcomm is unlikely to risk alienating its key partners in the radio frequency space by pursing a product that would increase its operating income by less than 10%, according to the analyst. Ing is upbeat on RF Micro's outlook, and he set a $6 price target on the shares, which climbed 13c, or 3%, to $4.75 in early afternoon trading. Other makers of RF solutions that fell yesterday are also recovering today. Skyworks (SWKS) advanced 3.5% to $22, and Avago (AVGO) added 1.5% to $34.20.
News For RFMD;QCOM;AVGO;SWKS From The Last 14 Days
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August 27, 2015
08:23 EDTAVGOAvago story remains compelling following results, says Brean Capital
Brean Capital said the Avago story remains compelling after the company reported a solid Q2 beat after competitors gave cautious commentary. Brean Capital reiterated its Buy rating on shares, citing valuation, expectations for better operating expenses, and a "world class" diversified semiconductor portfolio, but lowered its price target to $170 from $180 on Avago.
05:53 EDTQCOMIC demand for notebooks picking up, DigiTimes reports
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August 26, 2015
20:03 EDTAVGOOn The Fly: After Hours Movers
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17:24 EDTAVGOAvago says FBAR capacity may remain pressured for 'extended' time period
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16:07 EDTAVGOAvago sees Q4 GAAP revenue $1.84B plus or minus $25M, consensus $1.86B
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16:06 EDTAVGOAvago reports Q3 EPS $2.24, consensus $2.14
Reports Q3 revenue $1.74B, consensus $1.74B.
15:00 EDTAVGONotable companies reporting after market close
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12:14 EDTQCOMAnalysts say Ambarella selloff overdone, recommend buying shares
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07:23 EDTQCOMAmbarella weakness overdone, says Stifel
Noting that Ambarella's (AMBA) stock has dropped 20% since Qualcomm (QCOM) indicated that it would look to supply chips for drones, Stifel says that the decline is overdone. The firm thinks that it's more likely that Qualcomm's chip will be used to help control drones, rather than replace Ambarella's video processor. The firm continues to recommend Ambarella's stock.
06:22 EDTQCOMiPhone 6S to include Qualcomm radio frequency transceiver chip, MacRumors says
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05:21 EDTQCOMQualcomm agrees to sell UK L-Band spectrum to Vodafone, H3G
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August 25, 2015
09:59 EDTAVGOOn The Fly: Analyst Upgrade Summary
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07:30 EDTAVGO, AVGOAvago upgraded to Buy from Outperform at CLSA
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August 24, 2015
18:02 EDTSWKSS&P 500 enters correction territory amid global growth concerns
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10:17 EDTQCOMQualcomm upgraded to Buy from Hold at Standpoint Research
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09:45 EDTQCOMOn The Fly: Analyst Initiation Summary
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09:45 EDTAVGOOn The Fly: Analyst Downgrade Summary
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09:27 EDTAVGOAvago downgraded to Sell from Hold at Drexel Hamilton
Drexel Hamilton downgraded Avago (AVGO) to Sell and reduced its price target to $95 from $125. The firm said Broadcom (BRCM) acquisition will require large amounts of debt and financing will be difficult given the situation in the capital markets.
08:54 EDTQCOMQualcomm coverage resumed with a Buy at Goldman
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06:22 EDTQCOM, AVGOTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
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