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Fly News Breaks for April 14, 2016
QCOM, ON
Apr 14, 2016 | 08:46 EDT
After traveling in Asia, Pacific Crest says it's more upbeat on ON Semiconductor (ON) and Qualcomm (QCOM). Asian distributors says that ON is benefiting from strong sales of its Aptina chip to automotive companies and share increases for the Skylake notebook platform. Pacific Crest says that the sales and margins of Qualcomm's (QCOM) CDMA Technologies unit will probably bottom in Q2.
News For ON;QCOM From the Last 2 Days
QCOM
Apr 23, 2024 | 09:42 EDT
QCOM
Apr 23, 2024 | 06:52 EDT
ON
Apr 23, 2024 | 06:19 EDT
Wells Fargo lowered the firm's price target on On Semiconductor (ON) to $95 from $110 and keeps an Overweight rating on the shares ahead of quarterly results. The firm anticipates On to deliver a Q2 guide slightly below expectations as it adjusts to Tesla-specific (TSLA) production softness specific to image sensor and SiC sales.
