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STX

Seagate

$39.17

-0.21 (-0.53%)

, SSNLF

Samsung

11:31
12/13/16
12/13
11:31
12/13/16
11:31

Seagate, SK Hynix to form joint venture to develop SSDs, DigiTimes reports

Seagate (STX) and SK Hynix will form a joint venture dedicated to developing SSDs for enterprise servers and data centers, according to DigiTimes, citing industry sources. The joint venture will create a new player in the enterprise SSD market, which is currently dominated by Samsung (SSNLF) and Intel (INTC), the publication noted. Silicon Motion Technology (SIMO), which previously acquired the enterprise-class PCIe SSD supplier Shannon Systems, has also entered the supply chain of Alibaba (BABA) by providing the e-commerce company SSD solutions, the report added. Reference Link

STX

Seagate

$39.17

-0.21 (-0.53%)

SSNLF

Samsung

INTC

Intel

$35.97

0.21 (0.59%)

SIMO

Silicon Motion

$43.65

-1.21 (-2.70%)

BABA

Alibaba

$93.08

0.61 (0.66%)

  • 13

    Dec

  • 14

    Dec

STX Seagate
$39.17

-0.21 (-0.53%)

11/21/16
OPCO
11/21/16
NO CHANGE
OPCO
Oppenheimer recommends buying Technology, Energy ahead of breakout
Oppenheimer analyst Ari Wald says that the S&P 500's bullish reversal of its eight-week downtrend is confirming the start of a year-end rally, and cyclical stocks should be owned given resuming strength in the index's long-term trend. The analyst thinks the current opportunity is to buy Technology and Energy ahead of a breakout, namely Apple (AAPL), Seagate (STX), Skyworks (SWKS), Western Digital (WDC), Apache (APA), Chevron (CVX), Halliburton (HAL), and Helmerich & Payne (HP).
11/30/16
11/30/16
NO CHANGE

Citi ups price targets for Western Digital, Seagate on increased HDD estimates
Citi analyst Stanley Kovler upwardly revised his Hard Disk Drive industry estimates to account for growing storage capacity requirements in Cloud and areas like Surveillance that he sees driving demand. He now expects flat industry revenue on 3% decline in units and 3% increase in Average Selling Prices, versus his previous call for a 3% decline on a 5% decline in units and 2% increase in ASPs. Accordingly, Kovler raised his price target on Western Digital (WDC) to $80 from $75 and on Seagate (STX) to $42 from $38. The analyst keeps a Buy rating on Western Digital and a Neutral rating on Seagate.
11/11/16
CLVD
11/11/16
NO CHANGE
CLVD
Neutral
Seagate should benefit in near-term from Enterprise HDD, says Cleveland Research
Cleveland Research analyst Kevin Rottinghaus said demand appears better than expected for Seagate in the December quarter, with Enterprise HDD appearing to be a key component of the upside. The firm, which thinks near-term estimates for Seagate should be revised higher, keeps a Neutral rating on the stock.
12/02/16
NEED
12/02/16
NO CHANGE
NEED
Amazon continues to disrupt traditional IT branded vendors, says Needham
Commenting on Amazon (AMZN) Web Services re:Invent conference, Needham analyst Richard Kugele says AWS continues to disrupt traditional IT branded vendors as they largely build their own gear. The analyst believes AWS is at the forefront of driving adoption from cloud first for new applications to cloud only for many companies. Moreover, he acknowledges that participating in its growth is a challenge for many public companies, but says he believes component plays are the most logical as the company will not be building these elements, highlighting Seagate (STX) and Western Digital (WDC) as beneficiaries.
SSNLF Samsung

11/01/16
ADAM
11/01/16
NO CHANGE
Target $13
ADAM
Buy
DSP Group long-term thesis remains on track, says Canaccord
Canaccord analyst Matthew Ramsay noted DSP Group (DSPG) reported strong September results driven by record revenue in new product categories. The analyst noted new design wins and said the company is well positioned to yield a return to solid sales growth at higher margins and has the financial position to secure business with large customers. Ramsay reiterated his Buy rating but lowered his price target to $13 from $14 based on the Samsung (SSNLF) Note 7 cancellation.
11/01/16
BMUR
11/01/16
NO CHANGE
Target $25
BMUR
Buy
Integrated Device continues to push through rough patch, says Brean Capital
Brean Capital analyst Mike Burton noted Integrated Device (IDTI) reported relatively in-line Q1 results and gave mixed guidance as the company is being impacted by Samsung's (SSNLF) Note 7 recall. The analyst believes the company is working through its rough patch and executing well on the margin and cost side of its business model. Burton reiterated his Buy rating and raised his price target to $25 from $23 on Integrated Device shares.
10/26/16
NEED
10/26/16
NO CHANGE
Target $150
NEED
Strong Buy
Needham recommends buying Apple on Pokemon Go, Samsung upside
Following Apple's (AAPL) Q4 results, Needham analyst Laura Martin notes that iPhone revenue rose driven in part by Samsung's (SSNLF) Galaxy Note 7 imploding in September and estimates $10B-$20B of brand value transfers to Apple during the next adoption cycle owing to Samsung's poor handling of the replacement, recall and ultimate discontinuation of the Note 7. Of the company's extra services revenue quarter over quarter, the analyst's channel checks indicate that Niantic and Nintendo's (NTDOY) Pokemon Go represented much of the growth. Martin reiterates a Strong Buy and $150 price target on Apple's shares.
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.
INTC Intel
$35.97

0.21 (0.59%)

12/13/16
LOOP
12/13/16
INITIATION
Target $40
LOOP
Buy
Intel initiated with a Buy at Loop Capital
Loop Capital analyst Betsy Van Hees initiated Intel with a Buy and a $40 price target.
12/05/16
NEED
12/05/16
NO CHANGE
Target $63
NEED
Buy
Microsemi price target raised to $63 from $52 at Needham
Needham analyst N. Quinn Bolton raised his price target for Microsemi (MSCC) to $63 from $52 as he believes the combination of a "strong" fundamental outlook and increasing cash flow warrant a higher valuation multiple. The analyst believes Defense spending will improve with the new administration, and increasing investments from hyperscale cloud operators and the ramp of Intel's (INTC) Purley server platform will drive growth in the company's storage business. Further, he sees continued strong demand for its optical solutions. Bolton reiterates a Buy rating on Microsemi's shares.
11/29/16
BARD
11/29/16
NO CHANGE
Target $42
BARD
Outperform
Notebook trends bode well for Intel, says Baird
Baird analyst Tristan Gerra said recent notebook trends bodes well for Intel. The analyst expects revenues to be within the guidance range but above the midpoint. Additional catalysts include an ongoing stabilization off PC units and a continued mix shift towards data center. Gerra reiterated his Outperform rating and $42 price target on Intel shares.
11/25/16
MACQ
11/25/16
NO CHANGE
Target $20
MACQ
Underperform
Intel leaving wearables would hurt Fossil, says Macquarie
According to media reports, Intel (INTC) is potentially exiting the wearable space, Macquarie analyst Laurent Vasilescu tells investors in a research note. In addition, Intel's wearable brand Basis is shutting down as of December 31, the analyst adds. He sees "important negative ramifications" for Fossil Group (FOSL) since Intel is the hardware component provider for the company's wearable initiative. Fossil depends on Intel's hardware knowhow for wearables, Vasilescu contends. The analyst has an Underperform rating on Fossil with a $20 price target.
SIMO Silicon Motion
$43.65

-1.21 (-2.70%)

12/05/16
LOOP
12/05/16
INITIATION
Target $55
LOOP
Buy
Silicon Motion initiated with a Buy at Loop Capital
Loop Capital initiated Silicon Motion with a Buy rating and $55 price target.
09/28/16
ROTH
09/28/16
INITIATION
Target $60
ROTH
Buy
Silicon Motion initiated with a Buy at Roth Capital
Roth Capital analyst Suji Desilva initiated Silicon Motion with a Buy rating and a $60 price target, saying that the company is poised to benefit from increasing penetration of flash-based storage in consumer and infrastructure applications.
10/28/16
CHLM
10/28/16
NO CHANGE
Target $67
CHLM
Buy
Silicon Motion selloff a buying opportunity, says Craig-Hallum
Craig-Hallum analyst Anthony Stoss recommends using today's post-earnings weakness in shares of Silicon Motion as a buying opportunity. Silicon's fundamentals remain intact as SSD demand is likely to drive growth for several years, Stoss tells investors in a research note. He reiterates a Buy rating on the shares with a $67 price target.
11/03/16
BMUR
11/03/16
NO CHANGE
Target $60
BMUR
Buy
Silicon Motion inexpensive for above-average growth, says Brean Capital
Brean Capital analyst Mike Burton updated his model for Silicon Motion after last week's Q3 results. The analyst admitted the company's ultra-high growth is moderating but shares remain inexpensive for above average growth. Burton believes the company is being conservative with guidance for the mobile end market but it has the opportunities available to grow at least in-line with its end markets. Burton maintained his Buy rating on Silicon Motion shares.
BABA Alibaba
$93.08

0.61 (0.66%)

11/11/16
BARD
11/11/16
NO CHANGE
Target $110
BARD
Outperform
Alibaba Singles Day GMV a 'slight disappointment,' says Baird
Baird analyst Colin Sebastian noted Alibaba announced total GMV of $17.7B for this year's "Singles Day" 11.11 shopping event, up 24% from last year's $14.3B GMV for the day. While this is a significant deceleration in growth from 60% a year ago, Sebastian sees that as only a "slight disappointment," adding that the "impressive" absolute volume still tops the combination of both Black Friday and Cyber Monday online sales in the U.S. The analyst keeps an Outperform rating and $110 price target on Alibaba shares.
12/08/16
MSCO
12/08/16
INITIATION
Target $130
MSCO
Overweight
Alibaba coverage assumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Grace Chen assumed coverage on Alibaba with an Overweight and a $130 price target.
12/08/16
12/08/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alibaba (BABA) coverage assumed with an Overweight at Morgan Stanley. 2. BioMarin (BMRN) initiated with a Buy at Gabelli. 3. Costco (COST) initiated with an Outperform at Credit Suisse. 4. Expedia (EXPE) initiated with an Outperform at CLSA while TripAdvisor (TRIP) was initiated with an Underperform. 5. Cree (CREE) initiated with an Outperform at JMP Securities. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/16
NEED
11/14/16
NO CHANGE
Target $125
NEED
Buy
Alibaba Single's Day delivers 'solid' GMV growth, says Needham
Needham analyst Kerry Rice notes that total GMV for Alibaba's 2016 Single's Day event was nearly 18B, up 32% year over year. The analyst believes there were several positives from its Single's Day, such as the majority of transactions being mobile, customers and merchants from all of the world participating in the event, and Alipay playing an important role during the day. Rice says the event not only provides a tailwind for Alibaba's December quarter revenue, it also showcases its cloud computing capability and logistics. He reiterates a Buy rating and $125 price target on the shares.

TODAY'S FREE FLY STORIES

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General news
FX Update: The dollar recouped some of yesterday's lost ground »

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C

Citi

$58.38

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Goldman Sachs

$235.74

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Goldman Sachs

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U.S. Bancorp

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AMTD

TD Ameritrade

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NTRS

Northern Trust

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Fastenal

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Commerce Bancshares

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TOSBF

Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

, TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

20:05
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Periodicals
Toshiba says considers spinoff of memory chip unit, Bloomberg reports »

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Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

WDC

Western Digital

$71.62

0.62 (0.87%)

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  • 25

    Jan

TM

Toyota

$118.41

-1.4 (-1.17%)

, AIQUY

Air Liquide

$21.97

-0.245 (-1.10%)

19:56
01/17/17
01/17
19:56
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Hot Stocks
Thirteen energy, transport, industrial companies launch 'Hydrogen Council' »

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Toyota

$118.41

-1.4 (-1.17%)

AIQUY

Air Liquide

$21.97

-0.245 (-1.10%)

ALSMY

Alstom

NGLOY

Anglo American

$8.14

0.1 (1.24%)

BAMXY

BMW Group

DDAIF

Daimler AG

$75.35

-0.24 (-0.32%)

HMC

Honda

$29.66

-0.42 (-1.40%)

HYMLF

Hyundai Motor Co

RDS.A

Royal Dutch Shell

$55.54

0.06 (0.11%)

RDS.B

Royal Dutch Shell

$58.91

0.24 (0.41%)

LNAGF

Linde AG

$161.90

-0.15 (-0.09%)

TOT

Total

$51.51

-0.08 (-0.16%)

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  • 02

    Feb

NYT

New York Times

$13.50

-0.1 (-0.74%)

19:30
01/17/17
01/17
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19:30
Hot Stocks
New York Times releases internal report on newsroom strategy »

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ENRJ

EnerJex Resources

19:19
01/17/17
01/17
19:19
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Hot Stocks
EnerJex announces NYSE acceptance of plan to meet listing standards »

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GS

Goldman Sachs

$235.74

-8.56 (-3.50%)

19:19
01/17/17
01/17
19:19
01/17/17
19:19
Periodicals
Goldman Sachs compliance chief to step down, Reuters says »

Goldman Sachs compliance…

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TWTR

Twitter

$16.96

-0.29 (-1.68%)

19:13
01/17/17
01/17
19:13
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Periodicals
Twitter phases out 'buy' button, TechCrunch says »

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  • 28

    Feb

HSBC

HSBC

$41.18

0.02 (0.05%)

19:04
01/17/17
01/17
19:04
01/17/17
19:04
Periodicals
HSBC CEO: Trading ops generating 20% of London revenue may move, Bloomberg says »

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HSBC

HSBC

$41.18

0.02 (0.05%)

19:02
01/17/17
01/17
19:02
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19:02
Periodicals
HSBC CEO: 10% RoE may be new goal, Bloomberg says »

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CWT

California Water Service

$33.05

0.05 (0.15%)

19:01
01/17/17
01/17
19:01
01/17/17
19:01
Initiation
California Water Service initiated  »

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AWK

American Water

$72.07

1.25 (1.77%)

19:01
01/17/17
01/17
19:01
01/17/17
19:01
Initiation
American Water initiated  »

American Water initiated…

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TOSBF

Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

, TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

18:59
01/17/17
01/17
18:59
01/17/17
18:59
Periodicals
Toshiba: Considering spinning off chip unit, Bloomberg reports »

Responding to a Nikkei…

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Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

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Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

WDC

Western Digital

$71.62

0.62 (0.87%)

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  • 25

    Jan

KSU

Kansas City Southern

18:57
01/17/17
01/17
18:57
01/17/17
18:57
Initiation
Kansas City Southern initiated  »

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  • 20

    Jan

NSC

Norfolk Southern

$108.90

-2.69 (-2.41%)

18:57
01/17/17
01/17
18:57
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18:57
Initiation
Norfolk Southern initiated  »

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  • 25

    Jan

UNP

Union Pacific

$103.37

-1.88 (-1.79%)

18:57
01/17/17
01/17
18:57
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18:57
Initiation
Union Pacific initiated  »

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  • 19

    Jan

  • 09

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AZO

AutoZone

$782.29

2.48 (0.32%)

18:54
01/17/17
01/17
18:54
01/17/17
18:54
Initiation
AutoZone initiated  »

AutoZone initiated with a…

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ORLY

O'Reilly Automotive

$278.76

-0.39 (-0.14%)

18:54
01/17/17
01/17
18:54
01/17/17
18:54
Initiation
O'Reilly Automotive initiated  »

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  • 08

    Feb

AAP

Advance Auto Parts

$173.00

-1.79 (-1.02%)

18:54
01/17/17
01/17
18:54
01/17/17
18:54
Initiation
Advance Auto Parts initiated  »

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ESTE

Earthstone Energy

$13.40

-0.18 (-1.33%)

18:51
01/17/17
01/17
18:51
01/17/17
18:51
Initiation
Earthstone Energy initiated  »

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MCK

McKesson

$148.43

1.25 (0.85%)

18:41
01/17/17
01/17
18:41
01/17/17
18:41
Upgrade
McKesson rating change  »

McKesson upgraded to…

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  • 25

    Jan

NRG

NRG Energy

$15.34

0.74 (5.07%)

18:38
01/17/17
01/17
18:38
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18:38
Hot Stocks
NRG Energy says 'looks forward to an open dialogue with Elliott and Bluescape' »

NRG Energy received a…

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  • 28

    Feb

LMCA

Liberty Media

$28.71

-1.53 (-5.06%)

, LMCK

Liberty Media

$28.72

-1.54 (-5.09%)

18:22
01/17/17
01/17
18:22
01/17/17
18:22
Hot Stocks
Liberty Media holders approve proposals relating to acquisition of Formula 1 »

Liberty Media announced…

LMCA

Liberty Media

$28.71

-1.53 (-5.06%)

LMCK

Liberty Media

$28.72

-1.54 (-5.09%)

03/08/13
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  • 17

    Jan

  • 17

    Jan

AUY

Yamana Gold

$3.26

0.09 (2.84%)

18:17
01/17/17
01/17
18:17
01/17/17
18:17
Hot Stocks
Yamana Gold announces resumption of operations at El Penon Mine in Chile »

Yamana Gold announced…

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CCJ

Cameco

$13.27

-0.02 (-0.15%)

18:14
01/17/17
01/17
18:14
01/17/17
18:14
Hot Stocks
Cameco down 9.5% after announcing FY16 results will be lower than expected »

In after-hours trading,…

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