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Stock Market & Financial Investment News

News For SSNLF;MU From The Last 14 Days
Check below for free stories on SSNLF;MU the last two weeks.
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April 17, 2014
18:27 EDTMUAMD rallies after results top expectations
Shares of global semiconductor company Advanced Micro Devices (AMD) are advancing in the after-hours session after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: After the bell, AMD reported Q1 adjusted earnings per share of 2c and revenue of $1.4B, compared to expectations of 0c and $1.34B, respectively. WHAT'S NOTABLE: The company forecast Q2 revenue flat to up 6%, compared to consensus of $1.36B. For fiscal 2014, the company expects to grow revenue on a year-over-year basis, and be profitable at the net income level. FY14 CapEx is expected to be approximately $120M. PRICE ACTION: In after-hours trading, AMD gained 23c, or about 6.2%, to $3.92. AMD's stock is up about 48% over the past twelve months, not including after-hours trading. OTHERS TO WATCH: Other companies in the semiconductor space space include Intel (INTC), Texas Instruments (TXN), and Micron Technology (MU).
12:53 EDTMUOn The Fly: Midday Wrap
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11:40 EDTMUMicron management to meet with JMP Securities
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11:36 EDTMUSanDisk soars after results top expectations, margin forecast raised
Shares of SanDisk (SNDK), a leader in flash storage solutions, are rallying after the company's first quarter results topped analysts' consensus estimates. The company also raised its fiscal 2014 adjusted gross margin outlook. WHAT'S NEW: Last night, SanDisk reported Q1 earnings per share of $1.44 and revenue of $1.51B, compared to expectations of $1.25 and $1.49B, respectively. Q1 gross profit as a percentage of revenue came in at 49.7% on a GAAP basis and 51.2% on a non-GAAP basis. The company forecast Q2 revenue of $1.55B-$1.63B, compared to consensus of $1.58B, and Q2 gross margins of 47%-49%. For FY14, the company expects revenue of $6.4B-6.8B, versus consensus of $6.66B. SanDisk raised its FY14 adjusted gross margin outlook to 47%-49% from 45%-48%. The company continues to expect overall healthy industry fundamentals in FY14. ANALYST REACTION: This morning, Jefferies and Credit Suisse raised their respective price targets on SanDisk. Jefferies raised its price target to $95 from $90, saying the company's strong Q1 results show the relevance of the NAND spot market has diminished. The firm expects a higher level of price stability to move shares of SanDisk and peer Micron (MU) higher. It reiterated a Buy rating on SanDisk. Credit Suisse raised its price target on SanDisk shares to $125 from $85 following the company's better than expected Q1 results and guidance. The firm kept an Outperform rating on the stock. PRICE ACTION: In late morning trading, SanDisk soared $7.56, or about 10%, to $83.40 on heavy trading volume. The stock is approaching its 52-week high of $85.37. Meanwhile, Micron shares are up 4% to $23.41.
09:00 EDTMUMicron rises 3.4%
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07:48 EDTMUSanDisk price target raised to $95 from $90 at Jefferies
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April 16, 2014
08:01 EDTSSNLFSamsung exec foresees Galaxy S5 to outsell S4, Reuters says
Yoon Han-kil, senior vice president of Samsung's product strategy, anticipates that the new Galaxy S5 smartphone will outsell its predecessor and defy expectations that the South Korean company's latest model will struggle in a harsh market for high-end handsets, according to Reuters, citing comments from Yoon. The executive also noted that Samsung was working to launch at least two smartphones running on its own Tizen operating system. Reference Link
06:52 EDTSSNLFSamsung objects to Apple's patent claims in $2B court battle, Bloomberg says
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06:20 EDTSSNLFSamsung, Sony Mobile, HTC to release mini smartphone models, DigiTimes says
Samsung (SSNLF), Sony (SNE) Mobile and HTC are expected to launch mini versions of their flagship smartphones by end of Q2, reports DigiTimes. According to sources at Taiwan's handset supply chain, Samsung will release a Galaxy S5, Sony Mobile will release the Xperia Z2 Compact and HTC will release a HTC One mini. Reference Link
06:19 EDTSSNLFIHS: Samsung Galaxy S5 carries $250 BOM, DigiTimes reports
An IHS teardown reveals that the Samsung Galaxy S5 carries over $251.52 BOM, reports DigiTimes. The BOM comes out to be more expensive than other high-end smartphones, including the iPhone 5s which carries $207 BOM. Reference Link
06:18 EDTSSNLFHackers could reportedly bypass Samsung's Galaxy S5 fingerprint sensor, WSJ says
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April 15, 2014
12:15 EDTMUStocks with call strike movement; MU NOK
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06:12 EDTMUMicron is expected to invest in Kingston Solutions, DigiTimes says
Micron (MU) plans to contribute equity investments into NAND device supplier Kingston Solutions, a joint venture between Toshiba (TOSBF) and Phison Electronics, reports DigiTimes. According to the sources, Kingston Solutions will be able to optimize NAND flash from Toshiba and mobile RAM from Micron following the investment. Reference Link
06:09 EDTSSNLFSamsung, HTC to offer alternative chassis choices for smartphones, DigiTimes say
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06:08 EDTSSNLFSamsung: Gains in smartphone market the result of strategy shift, WSJ reports
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05:22 EDTMUMicron, Wave Systems collaborate to secure connected devices
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April 14, 2014
12:29 EDTSSNLFSamsung partners with SingTel to increase wireless usage, Nikkei reports
Singapore Telecommunications has partnered with Samsung to increase wireless data usage in emerging markets, Nikkei reports. Reference Link
06:40 EDTSSNLFNo lines for Samsung's Galaxy S5 but carriers say demand healthy, Re/code says
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06:11 EDTSSNLFIntel works with HzO to enhance water resistance in products, DigiTimes says
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April 11, 2014
12:44 EDTMUHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
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12:42 EDTMUOn The Fly: Analyst Initiation Summary
ASML (ASML) initiated with a Cautious at ISI Group... Analog Devices (ADI) initiated with a Buy at ISI Group... Applied Materials (AMAT) initiated with a Strong Buy at ISI Group... Aruba Networks (ARUN) initiated with a Buy at SunTrust... Broadcom (BRCM) initiated with a Neutral at ISI Group... CSX (CSX) initiated with an Outperform at Macquarie... Cisco (CSCO) initiated with a Buy at SunTrust... F5 Networks (FFIV) initiated with a Neutral at SunTrust... Genesee & Wyoming (GWR) initiated with a Neutral at Macquarie... Intel (INTC) initiated with a Neutral at ISI Group... Juniper (JNPR) initiated with a Buy at SunTrust... KLA-Tencor (KLAC) initiated with a Neutral at ISI Group... Lam Research (LRCX) initiated with a Strong Buy at ISI Group... Linear Technology (LLTC) initiated with a Cautious at ISI Group... Maxim Integrated (MXIM) initiated with a Neutral at ISI Group... Micron (MU) initiated with a Strong Buy at ISI Group... NVIDIA (NVDA) initiated with a Neutral at ISI Group... NXP Semiconductors (NXPI) initiated with a Strong Buy at ISI Group... Qualcomm (QCOM) initiated with a Strong Buy at ISI Group... Riverbed (RVBD) initiated with a Neutral at SunTrust... SanDisk (SNDK) initiated with a Neutral at ISI Group... Teradyne (TER) initiated with a Buy at ISI Group... Texas Instruments (TXN) initiated with a Neutral at ISI Group... Trulia (TRLA) initiated with a Neutral at Susquehanna... Union Pacific (UNP) initiated with a Neutral at Macquarie... Zillow (Z) initiated with a Positive at Susquehanna... Flamel Technologies (FLML) initiated with a Buy at Roth Capital... Parker Drilling (PKD) initiated with an Accumulate at Tudor Pickering.
09:19 EDTSSNLFANADIGICS ships AWC6383 dual-band ProVantage PA to Samsung
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06:47 EDTSSNLFSamsung ups S5 incentives to fend off rivals, Bloomberg says
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06:46 EDTSSNLFDocuments: Samsung misled investors about Galaxy tablet sales, Fotune says
According to documents revealed in the Samsung (SSNLF)-Apple (AAPL) lawsuit, Samsung misled the public about how many tablets it sold in 2011, Fortune reports. Strategy Analytics told the world Samsung sold 2M Galaxy Tablets in six weeks, when "it took Samsung all of 2011 to sell half that many." Reference Link
06:08 EDTMU, SSNLFMemory suppliers look to bundle NAND flash sales with DRAM chips, DigiTimes says
Some memory device suppliers may be pushing sales of NAND flash chips with DRAM chips in an effort to easy the oversupply of NAND flash products, reports DigiTimes. According to market sources, the prices of NAND chips have continued to decline this year due to the capacity ramps from major companies. Reference Link
April 10, 2014
16:10 EDTMUMicron initiated with a Strong Buy at ISI Group
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11:03 EDTMUOptions with decreasing implied volatility: MNKD QCOR MU KMX
10:31 EDTMUMicron to host analyst meeting
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08:18 EDTMUMicron licenses SerDes IP from Avago for Hybrid Memory Cube
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April 9, 2014
12:17 EDTMUMicron management to meet with Sterne Agee
Meetings to be held in the Mid-Atlantic area on April 15-16 hosted by Sterne Agee.
10:23 EDTMUOptions with decreasing implied volatility: MNKD QCOR MU KMX
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07:54 EDTSSNLFSamsung, Apple pushed to make high-end phones less costly, Reuters says
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06:18 EDTSSNLFApple seeks $2.2B in damages from Samsung in patent infringement, WSJ says
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06:13 EDTSSNLFSupply chain gears up for component orders for tablets, DigiTimes reports
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April 8, 2014
18:13 EDTSSNLFSamsung looks to rapidly restructure, Nikkei reports
Due to slowing smartphone profits, Samsung is racing to restructure itself, Nikkei reports. Reference Link
12:10 EDTSSNLFIneda Systems says secures funding from Samsung, Qualcomm
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April 7, 2014
19:39 EDTSSNLFSamsung Q1 operating profit 8.4T won, consensus 8.3T won, Bloomberg says
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14:01 EDTMUMicron weakness a buying opportunity, says Sterne Agee
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13:50 EDTMUMicron shares defended at Sterne Agee
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13:05 EDTSSNLF, MUAnalyst says semiconductor stocks attractive after decline
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11:21 EDTMUOptions with decreasing implied volatility: QCOR MU KMX EPB
08:16 EDTMUPullback in semiconductor stocks creates buying opportunity, says Sterne Agee
After many semiconductor stocks dropped significantly on Friday, Sterne Agee thinks that the group's fundamental mid to long-term outlook hasn't changed. Sterne Agee thinks the companies are poised to benefit from strong product cycles and earnings leverage. It is most upbeat on Micron (MU), NXP Semiconductors (NXPI), Avago (AVGO), Skyworks (SWKS), and SanDisk (SNDK). The firm keeps Buy ratings on all the stocks named.
07:37 EDTSSNLFApple considered dumping long-time ad agency, WSJ reports
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07:33 EDTSSNLFFLIR Systems hires Travis Merrill as Chief Marketing Officer
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