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TOSBF

Toshiba, also use TOSYY

$2.01

0.014 (0.70%)

, TOSYY

Toshiba, also use TOSBF

$12.13

0.28 (2.36%)

13:49
04/13/17
04/13
13:49
04/13/17
13:49

Toshiba pauses chip sale process after Western Digital objection, Bloomberg says

Toshiba has temporarily cancelled all decisions and meetings related to the possible sale of its memory chip division in order to "address concerns" raised by Western Digital (WDC), which alleged in a March 9 letter that a sale could violate their joint venture contract, reports Bloomberg, citing sources. When contacted by Bloomberg, Toshiba executives said the company disagrees with Western Digital's claim that a sale would violate their agreement. Publicly traded companies named in previous media reports as having bid for Toshiba's chip business include Broadcom (AVGO) and Hon Hai Precision (HNHPF). Reference Link

TOSBF

Toshiba, also use TOSYY

$2.01

0.014 (0.70%)

TOSYY

Toshiba, also use TOSBF

$12.13

0.28 (2.36%)

WDC

Western Digital

$84.21

-1.84 (-2.14%)

AVGO

Broadcom

$209.20

-8.35 (-3.84%)

HNHPF

Hon Hai Precision

  • 27

    Apr

TOSBF Toshiba, also use TOSYY
$2.01

0.014 (0.70%)

01/20/17
DBAB
01/20/17
DOWNGRADE
DBAB
Hold
Toshiba downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Yu Yoshida downgraded Toshiba to Hold citing dilution risk following reports of mounting impairment losses.
03/31/17
UBSW
03/31/17
NO CHANGE
Target $245
UBSW
Buy
Broadcom deal for Toshiba NAND has wide range of accretion potential, says UBS
UBS analyst Stephen Chin commented on the Nikkei report that Broadcom (AVGO) and Silver Lake Partners had submitted a bid to acquire Toshiba's (TOSBF) NAND business for $17.9B, saying he would not be surprised if Broadcom were in fact a bidder but he is not sure if a deal will happen. Depending on the structure of a deal, his pro forma scenarios range from 3% EPS accretion in FY18 to 9% in FY19 accretion, he tells investors. Chin keeps a Buy rating and $245 price target on Broadcom shares, which slid by 0.6% to close at $220.04 yesterday.
03/17/17
RBCM
03/17/17
NO CHANGE
RBCM
Western Digital likely to acquire Toshiba, says RBC Capital
After multiple media reports stated that the Japanese government probably won;t rescue Toshiba (TOSBF, TOSYY), RBC Capital analyst Amit Daryanani says that the news "greatly increases" the odds of the company being acquired by U.S. entities. He thinks that Western Digital (WDX), in partnership with private equity firms, is the "high probability acquirer" of the company. By undertaking the deal, Western Digital would "further improve its NAND position and drive significant accretion with an upside bias to our $12.00+ EPS scenario," Daryanani wrote. He kept a $90 price target and an Outperform rating on the shares.
02/27/17
MAXM
02/27/17
NO CHANGE
Target $11
MAXM
Buy
Vuzix smart glasses pact with Toshiba a pivotal event, says Maxim
Maxim analyst Brian Kinstlinger noted that Toshiba's (TOSBF) pact with Vuzix (VUZI) for a custom pair of smart glasses based on the recent M300s comes just a year after Toshiba canceled the release of their Wearvue smart glasses and views the deal as validation that Vuzix is a "clear leader" in smart glasses technology. The analyst, who sees the development agreement as a pivotal event for Vuzix, suggests investors buy Vuzix shares ahead of the ramp in revenues he expects in 2017 and reiterates a Buy rating and $11 price target on the stock.
TOSYY Toshiba, also use TOSBF
$12.13

0.28 (2.36%)

WDC Western Digital
$84.21

-1.84 (-2.14%)

04/11/17
JPMS
04/11/17
UPGRADE
Target $116
JPMS
Overweight
Western Digital upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Rod Hall upgraded Western Digital to Overweight and raised his price target for the shares to $116 from $80. The NAND shortage should boost selling prices while the PC market is stabilizing, Hall tells investors in a research note. He also believes Western Digital has "significant potential" for cost reductions as it realizes synergies from recent acquisitions.
03/10/17
BNCH
03/10/17
NO CHANGE
Target $100
BNCH
Buy
Western Digital recent cloud comments 'hardly worrisome,' says Benchmark
Benchmark analyst Mark Miller attributes recent weakness in Western Digital (WDC) shares to comments made by the company and peer Seagate (STX) at a recent investor conference, with one source indicating that they said a modest pause is expected in cloud demand followed by a 2H17 acceleration. Western Digital COO Mike Cordano, when asked about reports by Intel (INTC) and Hewlett Packard (HPQ) pointing to recent weakness in the traditional data center and server markets, said his company continues to project "solid" 40% annual growth in cloud sales, which he added should be viewed annually, not quarterly, due to short-term dynamics, Miller said. He urges investors to ignore the noise and buy Western Digital, on which he keeps a $100 price target and Buy rating, amid any weakness.
03/28/17
STFL
03/28/17
NO CHANGE
STFL
Western Digital Q3 results likely to beat guidance, says Stifel
Stifel analyst Aaron Rakers expects Western Digital's Q3 results to surpass its guidance, driven by a flash capacity price increase and a positive mix shift. He keeps a Buy rating on the stock.
AVGO Broadcom
$209.20

-8.35 (-3.84%)

04/07/17
MSCO
04/07/17
NO CHANGE
Target $245
MSCO
Overweight
Broadcom should prioritize cash returns over M&A, says Morgan Stanley
Morgan Stanley analyst Craig Hettenbach prefers Broadcom prioritize cash returns over large deals and focus on executing on its core business, expand margins, and increase the amount of free-cash-flow to shareholders. He expects management to stay the course and not do M&A for the sake of it, but approach it with strategic focus on "tuck-in" deals that add differentiated, high margin technology. Hettenbach raised his free cash flow estimates and now sees the potential for Broadcom to increase the dividend by +65% this year, advising investors to be patient when adding to positions. The analyst rates Broadcom an Overweight with a $245 price target and $305 bull case.
04/12/17
DBAB
04/12/17
NO CHANGE
Target $255
DBAB
Buy
Broadcom unlikely to bid for entire Toshiba chip unit, says Deutsche Bank
Deutsche Bank analyst Ross Seymore finds it unlikely that Broadcom would bid for the entirety of the Toshiba chip business, as Reuters reported earlier. With the company beginning to return cash to shareholders, management is unlikely to divert from the current strategy with a large deal, Seymore tells investors in a research note. He reiterates a Buy rating on Broadcom with a $255 price target.
04/13/17
JPMS
04/13/17
NO CHANGE
JPMS
Overweight
Broadcom recent weakness a buying opportunity, says JPMorgan
JPMorgan analyst Harlan Sur recommends buying shares of Broadcom on the recent pullback. Following reports of a bid for Toshiba's chip business, Sur reiterates his view that Broadcom itself would not be interested in Toshiba's NAND flash memory business. Broadcom does not want to be a memory supplier, Sur tells investors in a research note. He believes, however, that the company would be interested in Toshiba's non-memory semi business. The analyst keeps an Overweight rating on Broadcom shares.
HNHPF Hon Hai Precision

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HMC

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, GE

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IBM

IBM

$148.97

-0.15 (-0.10%)

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GE

General Electric

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GE

General Electric

$18.21

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

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T

AT&T

$34.51

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NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

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SYNA

Synaptics

$38.21

0.57 (1.51%)

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  • 18

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

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-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

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TCMD

Tactile Systems

$25.98

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, LMOS

Lumos Networks

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MKSI

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

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GS

Goldman Sachs

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Vical

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LGND

Ligand

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LGND

Ligand

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LGND

Ligand

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MBI

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RBCN

Rubicon

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