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TSM

TSMC

$33.08

0.49 (1.50%)

, AAPL

Apple

$139.99

-0.7 (-0.50%)

11:14
03/20/17
03/20
11:14
03/20/17
11:14

TSMC considers multibillion dollar microchip fab plant in the US, Bloomberg says

Taiwan Semi (TSM), which supplies chips for Apple (AAPL) devices like the iPhone, is considering building a multibillion dollar microchip fab plant in the U.S., Bloomberg reports. The company is currently considering "a range of locations" for the 3 nanometer plant, including the U.S., and will decide on the matter in the first half of 2018, TSMC director of corporate communications Elizabeth Sun says. "We have not ruled out going to the U.S., but the formal decision will not be made until early next year so there's still quite a few months to go. It's too early to jump the gun to say where we will be landed at," Sun comments. Reference Link

TSM

TSMC

$33.08

0.49 (1.50%)

AAPL

Apple

$139.99

-0.7 (-0.50%)

TSM TSMC
$33.08

0.49 (1.50%)

03/07/17
03/07/17
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. Hyatt (H) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Thomas Allen saying shares are trading in-line with his price target adn offer more attractive risk/reward. 2. Noble Corp. (NE) upgraded to Buy from Neutral at Seaport Global with analyst Mark Brown citing valuation and expectations for a pickup in drilling later in 2017. 3. Weatherford (WFT) upgraded to Overweight from Equalweight at Capital One with analyst Luke Lemoine saying the hiring of Mark McCollum, Halliburton's (HAL) CFO, adds legitimacy and credibility to Weatherford's status as a turnaround story. 4. Bill Barrett (BBG) upgraded to Buy from Hold at Canaccord with analyst Stephen Berman saying he sees strong 2018 growth, a solid liquidity position, and said shares are almost 50% from its 52-week high. 5. TSMC (TSM) upgraded to Buy from Hold at HSBC with analyst Steven Pelayo saying he believes TSMC is reasserting its technology leadership. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/07/17
HSBC
03/07/17
UPGRADE
HSBC
Buy
TSMC upgraded to Buy from Hold at HSBC
HSBC upgraded TSMC to Buy based on relative valuation and expects for a strong 2H 2017 on 10nm and 16nm with 7nm shares gains likely in 2018. Analyst Steven Pelayo believes TSMC is reasserting its technology leadership and will benefit from high-performance computing on 16nm and a strong Apple cycle on 10nm, and expects market share gains at the 7nm node in 2018e.
02/01/17
02/01/17
NO CHANGE

Pacific Crest identifies chip names with positive read throughs from Apple
Pacific Crest says that the following semiconductor companies have "modest" positive read throughs from Apple's (AAPL) results: Analog Devices (ADI), Broadcom (AVGO), Cirrus Logic (CRUS), ON Semiconductor (ON), Qualcomm (QCOM), Qorvo (QRVO), Skyworks(SWKS), Synaptics (SYNA), TSMC (TSM) and Texas Instruments (TXN). The firm identifies Broadcom as its favorite name in the group and recommends buying the stock.
01/06/17
BERN
01/06/17
NO CHANGE
Target $32
BERN
Market Perform
TSMC Q1 revenue guidance may miss consensus, says Bernstein
Bernstein analyst Mark Li said TSMC is on track to meet or even exceed their guided range for Q4 sales, but he thinks TSMC's Q1 revenue guidance may come below consensus given lighter iPhone 7 demand and seasonality. 10nm will begin emerge as the main growth driver for TSMC this year, as Apple may accelerate the transition from iPhone 7 to the next iPhone, making the ramp possibly very steep, added Li, who predicts that 10nm's contribution will rise quickly from 1-2% of TSMC's overall revenue in Q1 to 20-25% in Q4 of FY17. Li keeps a Market Perform rating and $32 price target on TSMC shares.
AAPL Apple
$139.99

-0.7 (-0.50%)

03/20/17
ARGS
03/20/17
NO CHANGE
ARGS
Apple has positive read through from Jabil results, says Argus
Argus analyst Jim Kelleher believes that Jabil (JBL) reported "solid" results which bode well for Apple (AAPL). However, the analyst says that Jabil has been disappointing after triggering elevated expectations in the past, and he keeps a Hold rating on that stock.
03/20/17
COWN
03/20/17
NO CHANGE
Target $155
COWN
Outperform
Apple price target raised to $155 from $135 at Cowen
Cowen analyst Timothy Arcuri raised his price target on Apple to $155 from $135 as he believes Street estimates remain way too low. He sees an aging iPhone base, especially in China, that should lead to a powerful launch of the iPhone 8. In addition to Street estimates having to come up, Arcuri also sees the potential for additional multiple expansion. Arcuri reiterated his Outperform rating on Apple shares.
03/20/17
RBCM
03/20/17
NO CHANGE
RBCM
iPhone 8 could match or surpass iPhone 6, says RBC Capital
RBC Capital analyst Amit Daryanani believes that the unit sales and growth of iPhone 8, due out in September, "could match or even surpass" the performance of the iPhone 6. The analyst expects the iPhone 8 to feature wireless charging and an improved processor., as well as "a complete redesign." He believes that the redesign can cause Apple's share gains to accelerate, enabling the growth of its services business to increase. Daryanani keeps a $155 price target and an Outperform rating on the shares.
03/20/17
PIPR
03/20/17
NO CHANGE
Target $155
PIPR
Overweight
Piper analysis yields $163 current fair value for Apple shares
Piper Jaffray analyst Michael Olson expects Apple's services revenue to rise from an 11% contribution in FY16 to 17% in FY20. As services approaches 20% of revenue, with a larger contribution to profitability due to higher margin relative to the core business, many investors will shift to a sum-of-the-parts valuation on Apple, Olson tells investors in a research note. His sum-of-the-parts analysis looking out two years values Apple at $195 per share. Discounting that back two years, the analyst comes up with a current fair value of $163 per share. Apple closed Friday down 78c to $139.91. Olson remains a buyer of Apple citing the "growing anticipation" around the iPhone 8 and a "strong trajectory" for services revenue. He maintains an Overweight rating on the shares with a $155 price target.

TODAY'S FREE FLY STORIES

CXP

Columbia Property

$21.68

-0.27 (-1.23%)

20:50
03/27/17
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Upgrade
Columbia Property rating change  »

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SPG

Simon Property

$166.15

-1.8 (-1.07%)

20:45
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Simon Property management to meet with Canaccord »

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HALO

Halozyme

$14.27

0.74 (5.47%)

20:41
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Halozyme management to meet with Canaccord »

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AYR

Aircastle

$23.44

0.03 (0.13%)

20:38
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03/27
20:38
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Aircastle management to meet with Canaccord »

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NEE

NextEra Energy

$131.10

-1.7 (-1.28%)

20:30
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NextEra Energy management to meet with Guggenheim »

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M

Macy's

$27.93

-0.24 (-0.85%)

20:26
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Macy's management to meet with Guggenheim »

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PPBI

Pacific Premier

$36.35

-0.05 (-0.14%)

, HEOP

Heritage Oaks

$12.62

0.02 (0.16%)

20:25
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20:25
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Conference/Events
Heritage Oaks to host special shareholder meeting »

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PPBI

Pacific Premier

$36.35

-0.05 (-0.14%)

HEOP

Heritage Oaks

$12.62

0.02 (0.16%)

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CCL

Carnival

$58.87

0.27 (0.46%)

, MKC

McCormick

$101.36

0.35 (0.35%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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Carnival

$58.87

0.27 (0.46%)

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McCormick

$101.36

0.35 (0.35%)

DRI

Darden

$75.58

-1.13 (-1.47%)

FDS

FactSet

$174.55

-2.18 (-1.23%)

03/08/13
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SYY

Sysco

$52.04

-0.77 (-1.46%)

20:17
03/27/17
03/27
20:17
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Conference/Events
Sysco management to meet with Guggenheim »

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MNK

Mallinckrodt

$44.33

1.24 (2.88%)

20:13
03/27/17
03/27
20:13
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20:13
Conference/Events
Mallinckrodt management to meet with Guggenheim »

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OGE

OGE Energy

$35.41

-0.28 (-0.78%)

20:10
03/27/17
03/27
20:10
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20:10
Conference/Events
OGE Energy management to meet with Guggenheim »

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  • 27

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CMCSA

Comcast

$37.11

-0.27 (-0.72%)

, CMCSK

Comcast

20:03
03/27/17
03/27
20:03
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20:03
Periodicals
Comcast to expand streaming video service, Reuters says »

Comcast plans to rebrand…

CMCSA

Comcast

$37.11

-0.27 (-0.72%)

CMCSK

Comcast

03/08/13
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MAR

Marriott

$93.17

-0.33 (-0.35%)

20:02
03/27/17
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Conference/Events
Marriott management to meet with JPMorgan »

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FBR

Fibria Celulose

$8.67

-0.22 (-2.47%)

19:58
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Conference/Events
Fibria Celulose management to meet with JPMorgan »

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DXC

DXC Technology

, HPE

HP Enterprise

$22.72

-0.05 (-0.22%)

19:51
03/27/17
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Initiation
DXC Technology, HP Enterprise, CSC initiated at Goldman »

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DXC

DXC Technology

HPE

HP Enterprise

$22.72

-0.05 (-0.22%)

CSC

CSC

$68.05

0.35 (0.52%)

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TRI

Thomson Reuters

$43.56

-0.19 (-0.43%)

19:51
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Thomson Reuters management to meet with JPMorgan »

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FIS

FIS

$80.41

0.29 (0.36%)

19:48
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Downgrade
FIS rating change at Goldman »

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COUP

Coupa Software

$24.00

0.12 (0.50%)

19:48
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Conference/Events
Coupa Software management to meet with JPMorgan »

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ALK

Alaska Air

$95.00

0.3 (0.32%)

19:44
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03/27
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Conference/Events
Alaska Air management to meet with JPMorgan »

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TIVO

TiVo

19:40
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19:40
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Conference/Events
TiVo management to meet with JPMorgan »

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TSN

Tyson Foods

$61.84

-0.73 (-1.17%)

, SAFM

Sanderson Farms

$102.76

2.41 (2.40%)

19:40
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Hot Stocks
Georgia finds 'low pathogenic' bird flu in commercial flock »

The Georgia Department of…

TSN

Tyson Foods

$61.84

-0.73 (-1.17%)

SAFM

Sanderson Farms

$102.76

2.41 (2.40%)

PPC

Pilgrim's Pride

$22.31

0.05 (0.22%)

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KR

Kroger

$28.93

-0.17 (-0.58%)

19:37
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Kroger management to meet with JPMorgan »

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VALE

Vale

$9.34

0.04 (0.43%)

19:30
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Hot Stocks
Vale says Fabio Schvartsman appointed as CEO »

Vale announced that,…

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NSM

Nationstar

$15.05

0.1 (0.67%)

19:21
03/27/17
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Initiation
Nationstar initiated at Wedbush »

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LNVGY

Lenovo

$12.57

-0.03 (-0.24%)

19:14
03/27/17
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Periodicals
Lenovo, Fujitsu postpone PC tie-up, Nikkei says »

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