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AVGO

Broadcom

$172.52

0.06 (0.03%)

, AAPL

Apple

$113.05

0.87 (0.78%)

13:06
10/02/16
10/02
13:06
10/02/16
13:06

Broadcom could gain 20% on continued iPhone wins, Barron's says

Broadcom (AVGO) could rise 20% in a year as it continues winning greater share of the Apple (AAPL) iPhone, Barron's contends in a feature article. Teardowns of the latest iPhone show that Broadcom won roughly 25%-30% more content than in the previous model, the publication notes. Reference Link

AVGO

Broadcom

$172.52

0.06 (0.03%)

AAPL

Apple

$113.05

0.87 (0.78%)

  • 25

    Oct

AVGO Broadcom
$172.52

0.06 (0.03%)

09/19/16
KEYB
09/19/16
NO CHANGE
KEYB
Broadcom, Skyworks, Cirrus Logic have iPhone content gains, says KeyBanc
KeyBanc says that reports on iPhone teardowns indicate that Broadcom's (AVGO) iPhone content rose 25%-30%, while Skyworks' (SWKS) content rose 15%-20% and Cirrus' (CRUS) jumped 70%. The firm keeps an Overweight rating on Broadcom, and Sector Weight ratings on Skyworks and Cirrus.
09/20/16
SUSQ
09/20/16
INITIATION
Target $200
SUSQ
Positive
Broadcom initiated with a Positive at Susquehanna
Susquehanna analyst Christopher Rolland initiated Broadcom with a Positive and a $200 price target. The analyst is positive on the FBAR franchise and said the Broadcom segment positions in merchant networking silicon and set-top boxes should help drive increasing profitability.
09/29/16
EVER
09/29/16
NO CHANGE
EVER
Broadcom may also be in hunt for NXP Semiconductors, says Evercore ISI
Evercore ISI believes the report that Qualcomm (QCOM) is in talks to acquire NXP Semiconductors (NXPI) is real. The firm's analyst said a deal would most likely be done with cash, resulting in double-digit accretion for Qualcomm. The firm also sees limited antitrust concerns if Qualcomm pursues a deal to buy NXP Semi. Evercore added Broadcom (AVGO) may throw its hat in the ring and bid for NXP and said a good starting point is 14-15x on $8 earnings for a price of $116 per share.
09/30/16
COWN
09/30/16
NO CHANGE
Target $74
COWN
Outperform
Qualcomm price target raised to $74 on NXP deal potential at Cowen
Cowen analyst Timothy Arcuri noted that he has been writing about a potential Qualcomm (QCOM) acquisition of NXP Semiconductors (NXPI) for about 12 months and "would love to see it consummated" following reports that the companies are in talks. The analyst, who thinks a deal for NXP at a price of $115 paid for with a mix of cash and debt could be accretive to Qualcomm by more than 20%, raised his price target on Qualcomm shares to $74 from $62. Arcuri noted that Broadcom (AVGO) could be another potential NXP suitor, but he believes that a deal to buy Xilinx (XLNX) "makes much more sense" for Broadcom.
AAPL Apple
$113.05

0.87 (0.78%)

09/29/16
PACS
09/29/16
DOWNGRADE
PACS
Underweight
Pacific Crest cuts Fitbit to sell, sees share downside to $11
Pacific Crest analyst Brad Erickson downgraded Fitbit (FIT) to Underweight from Sector Weight after his channel checks indicated that Charge 2, the company's flagship holiday product, is off to a slow start. Underweight is Pacific Crest's equivalent of a sell rating. Charge 2 inventory is accumulating in the channel and sell-through is below initial Blaze/Alta levels, Erickson tells investors in a research note. The analyst continues to believe that a large portion of Fitbit owners stop using the device within months. Further, he views the corporate wellness deal between Aetna (AET) and Apple (AAPL) as a "substantial negative" for Fitbit. Erickson sees downside to $11 for shares of Fitbit. The stock closed yesterday up 17c to $16.70.
09/29/16
LEHM
09/29/16
NO CHANGE
Target $114
LEHM
Overweight
Barclays removes Apple as Top Pick after trimming global smartphone forecast
Barclays analyst Mark Moskowitz removed the firm's Top Pick designation on Apple (AAPL) shares after the firm trimmed its 2016 smartphone revenue and unit growth estimates, saying that the firm's research is not pointing to any major improvement in smartphone units beyond initial channel fill for the new iPhones and Samsung (SSNLF) Galaxy products. The firm now estimates a decline of 2.9% in smartphone revenue and growth of 2.6% in smartphone units, versus its prior forecast for a revenue decline of 0.7% and unit growth of 3.7% in 2016. Moskowitz, who thinks Apple shares may see near-term choppiness after their recent run-up, keeps an Overweight rating on the stock but lowered his price target to $114 from $115.
09/29/16
LEHM
09/29/16
NO CHANGE
Target $61
LEHM
Overweight
Western Digital is a new Top Pick in IT Hardware at Barclays
Barclays analyst Mark Moskowitz recommends investors build positions in Western Digital (WDC) and named it his new Top Pick in IT Hardware, removing Apple (AAPL). Western Digital issued a positive September quarter financial update citing a favorable mix in both HDD and SSD, and particularly good pricing conditions in NAND flash, the analyst wrote. Moskowitz believes the company's commentary is positive for investor sentiment and added it to the top spot given improving end markets, reduced industry manufacturing capacity, and potential for further operational synergies. He recommends investors build or add positions in Western Digital as gross margins should trend upward in the near- to mid-term. Moskowitz rates Western Digital an Overweight with a $61 price target on shares.
09/30/16
SBSH
09/30/16
NO CHANGE
Target $130
SBSH
Buy
Apple price target raised to $130 from $120 at Citi
Citi analyst Jim Suva raised his price target for Apple shares to $130 from $120 and keeps a Buy rating on the name. The stock closed yesterday down $1.77 to $112.18. U.S., Canada, European and Asian store checks indicate iPhone 7 demand at launch appears strong, Suva tells investors in a research note. Supply remains a limiting factor with many stores having received very limited supply of the iPhone 7 and in some cases only to suffice demand from preorders, the analyst adds. Suva raised his iPhone estimate for the December quarter to 79.4M units, above the consensus of 75M units.

TODAY'S FREE FLY STORIES

MSTX

Mast Therapeutics

$0.14

0.003 (2.22%)

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MTSI

MACOM

$50.32

-3.52 (-6.54%)

, SBGI

Sinclair Broadcast

$40.35

1.05 (2.67%)

04:55
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MTSI

MACOM

$50.32

-3.52 (-6.54%)

SBGI

Sinclair Broadcast

$40.35

1.05 (2.67%)

NXST

Nexstar

$69.90

1 (1.45%)

TRCO

Tribune Media

$36.72

0.17 (0.47%)

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CLLS

Cellectis

$23.83

0.26 (1.10%)

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Conference/Events
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RDHL

RedHill Biopharma

$10.29

0.0199 (0.19%)

04:55
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Conference/Events
RedHill Biopharma to host research and development day »

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RXDX

Ignyta

$9.20

0.25 (2.79%)

04:55
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04/27
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Conference/Events
Ignyta holds a conference call »

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BGG

Briggs & Stratton

$25.14

0.09 (0.36%)

04:55
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04/27
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Conference/Events
Briggs & Stratton management to meet with Sidoti »

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GTN

Gray Television

$15.05

0.4 (2.73%)

04:55
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Gray Television management to meet with Barrington »

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SGM

Stonegate Mortgage

$7.96

-0.0059 (-0.07%)

04:55
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04/27
04:55
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04:55
Conference/Events
Stonegate Mortgage to host special shareholder meeting »

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  • 27

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04:55
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General news
Breaking General news story  »

Week of 4/21 EIA Natural…

CMRX

Chimerix

$6.09

-0.01 (-0.16%)

04:55
04/27/17
04/27
04:55
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04:55
Conference/Events
Chimerix to hold an investor update webcast »

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  • 27

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Pending Home Sales Index to be reported at 10:00 »

March Pending Home Sales…

RGLS

Regulus

$1.55

0.1 (6.90%)

04:55
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04/27
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Regulus management to meet with Needham »

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  • 27

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04:55
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Berenberg to hold a conference »

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The Food & Drug Law Institute to hold a conference »

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Week of 4/23 Bloomberg…

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6-Month Bill Announcement…

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Week of 4/26 Fed Balance…

LGF

Use LGF.A, LGF.B

, AMCX

AMC Networks

$60.25

0.65 (1.09%)

04:55
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FBN Securities media/cable analyst holds an analyst/industry conference call »

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LGF

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AMCX

AMC Networks

$60.25

0.65 (1.09%)

DISCA

Discovery

$29.39

0.1 (0.34%)

CBS

CBS

$66.91

0.5 (0.75%)

NFLX

Netflix

$150.17

-1.99 (-1.31%)

AMZN

Amazon.com

$909.29

1.67 (0.18%)

VIA.B

Symbol now VIAB

NLSN

Nielsen

$39.41

-0.57 (-1.43%)

SNI

Scripps Networks

$76.49

0.53 (0.70%)

TWX

Time Warner

$100.20

0.16 (0.16%)

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MEOH

Methanex

$46.10

0.15 (0.33%)

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  • 27

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March Durable Goods…

WWD

Woodward

$68.05

-0.11 (-0.16%)

04:55
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Woodward management to meet with Barrington »

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