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Stock Market & Financial Investment News

News For MU;SSNLF From The Last 14 Days
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May 29, 2015
05:52 EDTSSNLFIDC: PC shipments to decline for fourth straight year in 2015, DigiTimes says
The IDC said PC shipments will decline by 6.2% in 2015 and will be the fourth consecutive year of falling volume, reports DigiTimes. The market almost saw stable shipments in mid-2014 as the end of support for Windows XP boosted demand, but that cycle passed and was replaced by a reduction in inventory on the supply side as the market awaits the arrival of Windows 10. Reference Link
05:52 EDTSSNLFIDC: Worldwide tablet growth to decline 3.8% in 2015, DigiTimes says
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May 28, 2015
16:03 EDTMUOptions Update; May 28, 2015
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07:19 EDTMUCowen to hold a conference
43rd Annual Technology, Media & Telecom Conference is being held in New York on May 27-28 with webcasted company presentations to begin on May 28 at 8 am; not all company presentations may be webcasted. Webcast Link
06:55 EDTSSNLFSamsung risks inflaming governance worries with deal, WSJ says
After Samsung Group's de facto holding company, Cheil Industries, announced plans to buy construction and trading company Samsung C&T, critics called the plan a maneuver to increase heir apparent Jay Y. Lee’s stake in Samsung Electronics, said The Wall Street Journal, which added that Lee risks raising concerns about corporate governance in a country that has grown more sensitive about such matters. Reference Link
05:50 EDTSSNLFTSMC expects to beat Samsung in 10nm race, DigiTimes reports
TSMC (TSM) expects to beat Samsung (SSNLF) in ramping up production on its 10nm lines, reports DigiTimes. TSMC expects Intel (INTC) to be a major competitor in the 10nm FinFET race. Reference Link
May 27, 2015
16:03 EDTMUOptions Update; May 27, 2015
iPath S&P 500 VIX Short-Term Futures down 82c to 18.56 Option volume leaders: AAPL KORS BRCM MCD FB MNKD AAL YHOO BAC MU ANF S EOX
07:51 EDTSSNLFSamsung patents potential notebook with 'phablet' dock, Patently Mobile reports
Samsung (SSNLF) has filed a U.S. patent application for a new dual OS operating system hybrid device that would allow a mobile device docked in a notebook automatically detect and switch its OS based on the companion device, which Patently Mobile said "could be a sign marking a huge new move into the enterprise space where Apple (AAPL) is currently winning handily." Reference Link
07:07 EDTMUJefferies recommends buying shares of Micron
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05:53 EDTSSNLFReport: Samsung may drop OLED TV panels for QLED panels, DigiTimes says
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05:53 EDTSSNLFSamsung SDI signs contract to build polarizer plant in China, DigiTimes reports
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05:53 EDTSSNLFReport: TSMC to build 10nm pilot line in June, DigiTimes says
TSMC (TSM) is scheduled to build a 10nm pilot line at its 12-inch water plant in northern Taiwan in June, reports DigiTimes. Citing a recent Economic Daily News report, TSMC is eyeing orders for Apple's (AAPL) A10 SoC chips, but Samsung (SSNLF) will also be involved in the race for orders. Reference Link
05:53 EDTSSNLFLenovo ranks 3rd behind Samsung, Apple in Q1 smartphone rankings, DigiTimes says
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May 26, 2015
12:11 EDTSSNLFGlobal smartphone growth expected to slow to 11.3% in 2015, IDC says
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06:38 EDTSSNLFSamsung to merge two units in $8.1B all-stock deal, FT reports
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May 22, 2015
10:38 EDTMUMizuho says buy NXP, Micron, ON Semi
Mizuho Securities initiated coverage of a number of chip makers in a note to investors last night. Among its recommendation in the space, NXP Semiconductors (NXPI), Micron (MU), and ON Semiconductor (ON) were called out with Buy ratings. NXP: NXP Semiconductors dominates the mobile payment market with its NFC products, Mizuho analyst Vijay Rakesh wrote. The company's NFC chips are used in Apple's (AAPL) Apple Pay and NXP has a strong mobile payment ecosystem in China, the analyst explained. NXP Semiconductors is also a leader in providing chips used to enhance credit card security, as its Chip+Pin system has a 75% share of the global market and is in the process of being deployed in the U.S, according to Rakesh. Going forward, NXP's growth should be driven by the automotive products of Freescale, which the company acquired earlier this year, the analyst stated, adding that NXP should derive strong synergies and cash flow from the deal. He set a $140 price target on the stock. MICRON: Sales of flash memory device maker Micron's DRAM products should be boosted by a PC rebound in the second half of this year, according to Rakesh. Additionally, the company's new CFO could make its actions more predictable, pleasing investors, the analyst stated. ON: ON Semiconductor should benefit from its acquisition of Aptina, which gave ON a significant presence in the Advanced Driver Assistance Systems, or ADAS, market, Rakesh believes. ADAS is likely to grow rapidly around the world, driven by mandates, the analyst predicted. A second positive catalyst for ON will be the proliferation of wireless charging, added the analyst, who set a $16 price target on the shares. PRICE ACTION: In early trading, NXP rose nearly 1% to trade nearly $108, Micron gained 2.6% to $27.61, and ON was fractionally higher. Other semiconductor makers initiated with Buy ratings by the firm include Skyworks (SWKS), Synaptics (SYNA), Avago (AVGO) and Cypress Semiconductor (CY).
09:58 EDTMUOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allison Transmission (ALSN) initiated with a Buy at Stifel... Avago (AVGO) initiated with a Buy at Mizuho... Blackstone (BX) initiated with a Positive at Susquehanna... Cellectis (CLLS) initiated with an Outperform at Oppenheimer... Cypress Semiconductor (CY) initiated with a Buy at Mizuho... Esperion (ESPR) initiated with a Sell at Chardan... H&R Block (HRB) initiated with an Overweight at Piper Jaffray... Horizon Pharma (HZNP) initiated with an Outperform at Leerink... M/A-COM (MTSI) initiated with a Buy at Goldman... Meritor (MTOR) initiated with a Hold at Stifel... Micron (MU) initiated with a Buy at Mizuho... Monster Worldwide (MWW) initiated with a Neutral at Piper Jaffray... NXP Semiconductors (NXPI) initiated with a Buy at Mizuho... National Storage (NSA) initiated with a Sector Weight at KeyBanc... ON Semiconductor (ON) initiated with a Buy at Mizuho... Qorvo (QRVO) initiated with a Buy at Goldman... SanDisk (SNDK) initiated with a Neutral at Mizuho... Sharps Compliance (SMED) initiated with a Buy at Stifel... Skyworks (SWKS) initiated with a Buy at Mizuho... StemCells (STEM) initiated with a Buy at Cantor... Synaptics (SYNA) initiated with a Buy at Mizuho... Synergy Pharmaceuticals (SGYP) initiated with a Buy at Canaccord... Texas Instruments (TXN) initiated with a Neutral at Mizuho... TriNet (TNET) initiated with a Neutral at Piper Jaffray... Vascular Biogenics (VBLT) initiated with a Buy at Roth Capital... Verifone (PAY) initiated with an Outperform at Imperial Capital... uniQure (QURE) initiated with an Outperform at Oppenheimer.
09:34 EDTMUActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
07:30 EDTSSNLFSamsung increased purchases of IC parts, DigiTimes says
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07:13 EDTSSNLFSamsung content unit hit by layoffs and exec departure, Variety reports
Samsung's Media Solutions Center America has been hit by layoffs and a key executive departure over the last couple of weeks, reports Variety. According to multiple sources, the unit saw dozens of staffers laid off earlier this month. One source estimated that as much as 15% of staff may have been affected. Sources also said the layoffs came a few weeks after Samsung's VP of content and services Kevin Swint left the unit. Reference Link
May 21, 2015
16:08 EDTMUMicron initiated with a Buy at Mizuho
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May 20, 2015
16:00 EDTMUOptions Update; May 20, 2015
iPath S&P 500 VIX Short-Term Futures up 3c to 19.19. Option volume leaders: AAPL AAL YHOO DAL FB BABA UAL BAC TWTR LUV C TSLA GE MU
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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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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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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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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May 15, 2015
16:28 EDTMUAppaloosa Management gives quarterly update on stakes
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16:01 EDTMUOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
10:40 EDTMUStocks with call strike movement; MU AMAT
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08:44 EDTMUMicron estimates lowered on weaker pricing at Nomura
Nomura lowered Micron estimates due to on-going softness in pricing due to the persistent weak PC backdrop. The firm lowered its August quarter earnings estimate to 61c from 75c, 2015 earnings estimate to $2.83 from $3.33, and 2016 to $3.33 from $3.75. Shares are Neutral rated with a $25 price target, down from $28.
08:16 EDTSSNLF, MUSamsung not engaged in DRAM price war with Micron, says Jefferies
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06:21 EDTSSNLFTwo Samsung foundations name Jay Y. Lee as chairman, WSJ reports
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