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Fly News Breaks for June 25, 2015
MRVL, SLAB, FCS, RMBS
Jun 25, 2015 | 08:19 EDT
Citi moved Rambus (RMBS) to its top pick in Specialty Semiconductors to reflect confidence in the company's 2016 revenue growth through new license deals. Fairchild (FCS) is Citi's number two pick while Silicon Laboratories (SLAB) is third. The firm's least favored Specialty Semiconductor stock is Marvel (MRVL), which it sees as having an unattractive risk/reward amid deteriorating hard disk drive storage fundamentals.
News For RMBS;FCS;SLAB;MRVL From the Last 2 Days
SLAB
Apr 25, 2024 | 09:44 EDT
SLAB
Apr 25, 2024 | 07:41 EDT
SLAB
Apr 25, 2024 | 07:36 EDT
SLAB
Apr 25, 2024 | 05:56 EDT
SLAB
Apr 25, 2024 | 05:31 EDT
SLAB
Apr 25, 2024 | 05:11 EDT
Barclays analyst Tom O'Malley lowered the firm's price target on Silicon Labs to $120 from $140 and keeps an Equal Weight rating on the shares. The company's revenue is rebounding off of December bottom and a recovery is underway, but operating expenditures ticked up and the margin miss make return to profitability a bit of a longer road, the analyst tells investors in a research note.
SLAB
Apr 24, 2024 | 09:46 EDT
As previously reported, Summit Insights downgraded Silicon Labs to Hold from Buy. While stating that Silicon Labs' March quarter results and June quarter outlook "clearly support our view of a recovery from the industry downturn and inventory correction after an extended period of customers' double ordering," the firm also believes a recovery is now priced into the share price and expects the stock to be an inline performer.
SLAB
Apr 24, 2024 | 09:35 EDT
SLAB
Apr 24, 2024 | 07:08 EDT
