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QCOM

Qualcomm

$66.10

0.91 (1.40%)

, TSM

TSMC

$30.86

0.29 (0.95%)

07:07
10/19/16
10/19
07:07
10/19/16
07:07

Qualcomm may switch production of Snapdragon 830 to TSMC, DigiTimes says

Qualcomm (QCOM) may switch production for follow-on orders of its Snapdragon 830 chips to TSMC (TSM), as Samsung LSI (SSNLF) is falling behind schedule, reports DigiTimes, citing a Chinese-language Economic Daily News report. Reference Link

QCOM

Qualcomm

$66.10

0.91 (1.40%)

TSM

TSMC

$30.86

0.29 (0.95%)

SSNLF

Samsung

  • 19

    Oct

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    Oct

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    Nov

  • 14

    Nov

QCOM Qualcomm
$66.10

0.91 (1.40%)

10/13/16
BERN
10/13/16
NO CHANGE
BERN
NXP Semiconductors only bid may come from Qualcomm, says Bernstein
Bernstein analyst Stacy Rasgon says that the "only real bid" for NXP Semiconductors (NXPI) may come from Qualcomm (QCOM). The analyst thinks that Qualcomm's $30B of offshore cash gives it an advantage over other potential competing bidders. Moreover, " differences in size, character, and strategic fit would seem to cap the appeal of" NXP for other potential bidders, Rasgon believes. The analyst keeps a $110 price target and Outperform rating on NXP and a Market Perform rating on Qualcomm.
10/12/16
ADAM
10/12/16
NO CHANGE
Target $75
ADAM
Buy
Qualcomm price target raised to $75 from $70 at Canaccord
Canaccord analyst T. Michael Walkley raised his price target on Qualcomm (QCOM) to $75 from $70 but lowered his MSM shipment estimates for the December and March quarters following the Galaxy Note 7 discontinuation of production. The analyst believes QTL estimates are too conservative and said its roadmap is driving improving Android share and margins, which should continue. Walkley also sees strong accretion if the company acquires NXP Semiconductor (NXPI). Walkley reiterated his Buy rating on Qualcomm shares.
10/06/16
MZHO
10/06/16
NO CHANGE
MZHO
Buy
Broadcom deal for Xilinx would 'open up' if Qualcomm buys NXP, says Mizuho
Mizuho analyst Vijay Rakesh believes that if Qualcomm (QCOM) acquires NXP Semiconductors (NXPI), as several recent media reports indicate the companies are moving toward, that it "opens up" a deal for Xilinx (XLNX) as an opportunity for Broadcom (AVGO). Rakesh has a Buy rating on Broadcom.
10/03/16
RBCM
10/03/16
NO CHANGE
Target $70
RBCM
Sector Perform
RBC says $120-130/share seems like high end of reasonable Qualcomm price for NXP
RBC analyst Amit Daryanani believes $120-$130 per share is likely the "upper end of the valuation framework" that Qualcomm (QCOM) would like to pay in any potential deal to acquire NXP Semiconductors (NXPI). While Qualcomm "can certainly elect to pay a larger premium" than that, doing so would likely come in the form of Qualcomm equity issuance, which would impede the accretion from the deal, Daryanani tells investors. The analyst keeps a Sector Perform rating on Qualcomm shares, but raised his price target on the stock to $70 from $59 citing the potential for diversification and higher cash flow generation that an NXP deal would provide.
TSM TSMC
$30.86

0.29 (0.95%)

10/04/16
SUSQ
10/04/16
UPGRADE
Target $28
SUSQ
Neutral
TSMC upgraded to Neutral at Susquehanna
As reported previously, Susquehanna analyst Mehdi Hosseini upgraded TSMC to Neutral from Negative. The analyst increased his estimates to reflect mild seasonality, continued elevation rates, minimal selling price erosion, and the company's dominance in the 10nm foundry market. Hosseini raised his price target to $28 from $20 on TSMC shares.
10/14/16
10/14/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. ConAgra (CAG) upgraded to Outperform from Sector Perform at RBC Capital with analyst David Palmer citing valuation. 2. Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray after the firm's semi-annual proprietary "Taking Stock With Teens" survey. 3. Domino's Pizza (DPZ) upgraded to Buy from Underperform at BofA/Merrill with analyst Gregory Francfort saying he believes Domino's has further growth ahead and will take share in the fragmented $34B U.S. pizza category. 4. TSMC (TSM) upgraded to Sector Weight from Underweight at Pacific Crest with analyst Michael McConnell citing a more favorable margin outlook and share gains at the 10 nm node. 5. Level 3 (LVLT) upgraded to Overweight from Neutral at JPMorgan with analyst Philip Cusick saying expectations have been lowered along with the share price. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/16
PACS
10/14/16
UPGRADE
PACS
Sector Weight
TSMC upgraded to Sector Weight from Underweight at Pacific Crest
Pacific Crest analyst Michael McConnell upgraded TSMC to Sector Weight citing a more favorable margin outlook and share gains at the 10 nm node. The analyst views the stock's risk/reward as balanced at current levels.
10/13/16
HSBC
10/13/16
DOWNGRADE
HSBC
Hold
TSMC downgraded to Hold from Buy at HSBC
SSNLF Samsung

10/18/16
UBSW
10/18/16
NO CHANGE
Target $127
UBSW
Buy
Apple near-term outlook improved, says UBS
UBS analyst Steven Milunovich believe Apple's (AAPL) Q4 guidance could have upside due to an extra week in the quarter and checks that show iPhone 7 demand is a bit better than the iPhone 6s. The analyst also noted the Samsung (SSNLF) Note 7 problem remains a wild card, but believes it should help Apple's retention rate. Milunovich said the current Apple share price reflects a gradual erosion of its installed base and the amount people are willing to spend with Apple, which he believes is conservative. Milunovich reiterated his Buy rating and $127 price target on Apple shares.
10/11/16
DRXL
10/11/16
NO CHANGE
Target $185
DRXL
Buy
Apple could gain 8M iPhone units from Note 7 troubles, says Drexel Hamilton
Drexel Hamilton analyst Brian White estimates Apple (AAPL) has an opportunity to pick up "at least" 8 million incremental iPhone units in calendar year 2016 due to the Galaxy Note 7 being scrapped, noting that original market expectations were for Samsung (SSNLF) to ship about 10M-14M Galaxy Note 7 units in the second half of this year. The "fiasco" could permanently damage Samsung's smartphone brand, resulting in Apple market share gains, White added. The analyst keeps a Buy rating and $185 price target on Apple shares.
10/12/16
WELS
10/12/16
NO CHANGE
WELS
Market Perform
Wells doesn't see Apple as biggest beneficiary from Samsung issues
Wells Fargo analyst Maynard Um attributes the recent rally in shares of Apple (AAPL), at least in part, to Samsung's (SSNLF) issues with its Note 7 phones. Apple gained an incremental $14B in market capitalization at its intraday peak, which the analyst believes embeds more than 3M of incremental iPhone 7 Plus units. Samsung's production halt will help Apple, but other Android vendors with 5.7 inch phones could see a bigger benefit if Android users prefer to stick with Android, Um tells investors in a research note. He points out that LG, Kyocera, and Microsoft (MFST) have 5.7 inch Android phones at U.S. carriers. Um thinks expectations for Apple into earnings "have risen materially." He keeps a Market Perform rating on the iPhone maker. Apple closed yesterday up 25c to $116.30.
10/12/16
RHCO
10/12/16
NO CHANGE
RHCO
Best Buy, GameStop should be able to sidestep Note 7 impact, says SunTrust
SunTrust analyst David Magee, in two separate notes to investors, said that he believes Samsung's (SSNLF) troubles with the Galaxy Note 7 should not translate to shortfalls for either GameStop's (GME) mobile stores or for Best Buy (BBY), as in both cases most of their customers will simply pick different models. Sony's VR headset and other upcoming products in the category are "ideal for customers to try out in stores," added Magee, who keeps a Buy rating on both GameStop and Best Buy.

TODAY'S FREE FLY STORIES

CELC

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BSTI

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PCRX

Pacira

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-0.6 (-1.65%)

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AVEVF

Aveva

19:56
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Aveva rating change at Goldman Sachs »

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ZLAB

Zai Lab

18:58
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Zai Lab announces upsizing of U.S. IPO of American depositary shares »

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OHI

Omega Healthcare

$32.53

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F

Ford

$11.72

0.09 (0.77%)

18:30
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Periodicals
Ford to slash production at five North American assembly plants, Reuters says »

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FDX

FedEx

$216.00

0.92 (0.43%)

18:26
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FedEx says without cyberattack FY18 guidance would not have changed »

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EE

El Paso Electric

$54.85

0.05 (0.09%)

18:25
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El Paso Electric announces City of El Paso approved settlement terms »

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

18:17
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Bed Bath & Beyond says biggest component in drop of FY17 EPS view is operations »

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CPRT

Copart

$32.54

-0.32 (-0.97%)

18:11
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Earnings
Copart reports Q4 EPS 30c, consensus 29c »

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  • 20

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STLD

Steel Dynamics

$33.83

0.03 (0.09%)

18:04
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Earnings
Steel Dynamics sees Q3 adjusted EPS 63c-67c, consensus 70c »

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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

17:58
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Treasury exits stake in Xenith Bankshares »

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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

17:54
09/19/17
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17:54
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Periodicals
Breaking Periodicals news story on Bristol-Myers »

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BBBY

Bed Bath & Beyond

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Breaking Hot Stocks news story on Bed Bath & Beyond »

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DESP

Despegar.com

17:52
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Despegar.com 12.7M share IPO priced at $26.00 »

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WAC

Walter Investment

$0.65

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CBAY

CymaBay

17:49
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BBBY

Bed Bath & Beyond

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EVH

Evolent Health

$15.65

-0.8 (-4.86%)

17:45
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Initiation
Evolent Health initiated at KeyBanc »

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  • 25

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BPL

Buckeye Partners

$56.33

0.64 (1.15%)

17:44
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RL

Ralph Lauren

$91.03

0.87 (0.96%)

17:43
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Ralph Lauren initiated at Barclays »

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PVH

PVH Corp.

$127.47

-0.54 (-0.42%)

17:43
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GEMP

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, ORIG

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BBBY

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FDX

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