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Stock Market & Financial Investment News

News Breaks
June 10, 2014
04:55 EDTXLNX, XLNX, AMCC, AMCC, BRCM, BRCM, CAVM, CAVM, FSL, FSL, AVGO, AVGO, MOSY, MOSY, EZCH, EZCHThe Linley Group to hold a conference
Carrier Conference 2014 to be held in Santa Clara, California on June 10-11.
News For XLNX;AMCC;BRCM;CAVM;FSL;AVGO;MOSY;EZCH From The Last 14 Days
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July 23, 2015
16:28 EDTFSLFreescale sees Q3 adjusted EPS 47c-51c, consensus 56c
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16:26 EDTFSLFreescale reports Q2 adjusted EPS 57c, consensus 50c
Reports Q2 revenue $1.2B, consensus $1.18B. Reports Q2 GAAP gross margin 48.1%.
July 22, 2015
19:02 EDTXLNXOn The Fly: After Hours Movers
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16:27 EDTXLNXXilinx sees Q2 revenue down 2%-6% sequentially, consensus $576.13M
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16:25 EDTXLNXXilinx reports Q1 EPS 55c, consensus 54c
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16:08 EDTMOSYMoSys reports Q2 non-GAAP EPS (9c), two estimates (13c)
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15:26 EDTXLNXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus 95... American Express (AXP), consensus $1.32... Texas Instruments (TXN), consensus 65c... Las Vegas Sands (LVS), consensus 61c... Crown Castle (CCI), consensus $1.06... Discover Financial (DFS), consensus $1.32... Tractor Supply (TSCO), consensus $1.11... SanDisk (SNDK), consensus 33c... SL Green Realty (SLG), consensus $1.56... Xilinx (XLNX), consensus 54c... Weatherford (WFT), consensus (12c)... F5 Networks (FFIV), consensus $1.60... United Rentals (URI), consensus $1.74... Fortinet (FTNT), consensus 9c... LaSalle Hotel (LHO), consensus 89c... Oceaneering International (OII), consensus 68c... Cheesecake Factory (CAKE), consensus 62c.
14:51 EDTAMCC, CAVM, BRCM, AVGOEarnings 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 EDTXLNXAnalog chip makers fall after Linear cites weak end market demand
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07:15 EDTXLNXXilinx July weekly volatility elevated into Q2 and outlook
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July 21, 2015
19:00 EDTBRCM, AVGOOn The Fly: After Hours Movers
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July 17, 2015
14:29 EDTAVGOAvago eyeing acquisition of Marvell, Light Reading says
Avago (AVGO) is looking at acquiring semiconductor vendor Marvell (MRVL), according to Light Reading, citing a reputable source. Reference Link
09:16 EDTMOSYMoSys management to meet with Roth Capital
Meeting to be held in Portland, OR on July 23 hosted by Roth Capital.
July 16, 2015
11:41 EDTXLNXTSMC slips after reporting Q2 results, cautious outlook
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10:00 EDTAVGOOn The Fly: Analyst Initiation Summary
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09:08 EDTAVGOOn The Fly: Pre-market Movers
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07:07 EDTAVGOAvago initiated with an Outperform at BMO Capital
Target $185.
July 15, 2015
19:03 EDTAVGOOn The Fly: After Hours Movers
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July 14, 2015
08:04 EDTFSLSemiconductor Equipment & Materials International to hold a conference
SemiCon West 2015 is being held in San Francisco on July 14-16.

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