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TOSBF

Toshiba, also use TOSYY

$2.04

-0.026 (-1.26%)

, TOSYY

Toshiba, also use TOSBF

$12.13

-0.07 (-0.57%)

06:17
05/19/17
05/19
06:17
05/19/17
06:17

Broadcom, KKR lining up second-round bids for Toshiba's chips unit, Reuters says

KKR (KR), Bain Capital, in partnership with SK Hynix, and Broadcom (AVGO), which has teamed with Silver Lake, are lining up to participate in second-round bids for Toshiba's (TOSBF, TOSYY) semiconductor unit, Reuters reports, citing sources familiar with the matter. Toshiba has valued the chip unit at Y2T, or at least $18B. KKR is seen as one of the most favored bidders, and its offer, the Innovation Network Corp of Japan, is said to be valued at at least Y1.8T. Reference Link

TOSBF

Toshiba, also use TOSYY

$2.04

-0.026 (-1.26%)

TOSYY

Toshiba, also use TOSBF

$12.13

-0.07 (-0.57%)

KKR

KKR

$18.14

0.21 (1.17%)

AVGO

Broadcom

$237.66

6.48 (2.80%)

  • 01

    Jun

TOSBF Toshiba, also use TOSYY
$2.04

-0.026 (-1.26%)

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.
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.
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.
05/18/17
UBSW
05/18/17
NO CHANGE
Target $21
UBSW
Buy
Marvell shares will outperform when company addresses trends, says UBS
UBS analyst Stephen Chin laid out three reasons why he still likes Marvell (MRVL) shares. He cited its strong balance sheet and a decision on either a big buyback or an acquisition soon; expectations for storage sales to continue to grow; and his view that the concerns about the possibility of a competitor buying Toshiba's (TOSBF) memory assets are overblown. The analyst feels Marvell's valuation remains attractive and once the company addresses concerns about fundamental trends in storage, the stock should outperform. Chin maintained his Buy rating and $21 price target on Marvell shares.
TOSYY Toshiba, also use TOSBF
$12.13

-0.07 (-0.57%)

KKR KKR
$18.14

0.21 (1.17%)

04/17/17
SBSH
04/17/17
DOWNGRADE
Target $19
SBSH
Neutral
KKR downgraded to Neutral from Buy at Citi
Citi analyst William Katz downgraded KKR to Neutral and lowered his price target for the shares to $19 from $20.50. The analyst views the stock's valuation relative to peers as less attractive at current levels.
04/17/17
04/17/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Eli Lilly (LLY) was downgraded to Equal Weight from Overweight at Morgan Stanley and to Underperform from Market Perform at BMO Capital. 2. Incyte (INCY) downgraded to Neutral from Overweight at Piper Jaffray with analyst Joshua Schimmer citing the complete response letter from the FDA for baricitinib, indicating a need to determine appropriate doses. This setback could take years and lead to approval of only the lower dose, leaving potentially little differentiation from Pfizer's (PFE) rheumatoid arthritis treatment Xeljanz," Schimmer tells investors in a research note. The analyst prefers to wait for a "cleaner entry point" into the shares. 3. KKR (KKR) downgraded to Neutral from Buy at Citi with analyst William Katz saying he views the stock's valuation relative to peers as less attractive at current levels. 4. Monster Beverage (MNST) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Judy Hong saying she expects shares to be range-bound near-term due to soft core Monster sales trends in the US. 5. PNC Financial (PNC) downgraded to Hold from Buy at Rafferty Capital with analyst Richard Bove saying bank stock valuations are too high and growth is lacking. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/09/17
PIPR
05/09/17
NO CHANGE
Target $18
PIPR
Overweight
Pandora sale path accelerated with KKR investment, says Piper Jaffray
Piper Jaffray analyst Stan Meyers believes Pandora's (P) path towards a potential sale has accelerated following KKR's (KKR) strategic investment. The analyst also expects Pandora's margins in its core radio business to continue improving. He remains "upbeat" on the shares with an Overweight rating and $18 price target.
05/09/17
NEED
05/09/17
NO CHANGE
Target $16
NEED
Buy
KKR adds $5 per share to Pandora value, says Needham
Noting that Pandora (P) announced it had raised $150M by selling a 5-year, 8% convertible preferred security to KKR (KKR), Needham analyst Laura Martin calculates that adding KKR to the Pandora story adds $5 per share to the latter's value, implying that it should trade up to $15 per share on the news over time. The analyst believes KKR provides a financial safety net, and expects KKR's exit time frame to be 5 years, giving public shareholders a clearer exit path. She reiterates a Buy rating and $16 price target on Pandora's shares.
AVGO Broadcom
$237.66

6.48 (2.80%)

05/18/17
JPMS
05/18/17
NO CHANGE
Target $260
JPMS
Overweight
Broadcom co-designed new Google processor chip, says JPMorgan
JPMorgan analyst Harlan Sur believes Google's (GOOG, GOOGL) second generation deep learning/artificial intelligence processor chip introduced yesterday, the Cloud Tensor Processor Unit, is co-designed by Broadcom (AVGO). Broadcom, which also co-designed the first generation chip, will be responsible for manufacturing/test/packaging and selling/shipping the processors directly to Google's data centers, Sur tells investors in a research note following Google's developer conference. The analyst continues to expect that Broadcom's custom silicon business will approach $2B in revenues over the next few years, growing 10%-12% annually. Sur has an Overweight rating on the shares with a $260 price target.
05/03/17
OPCO
05/03/17
NO CHANGE
OPCO
Oppenheimer expects limited reaction in Apple supply chain
Following Apple's quarterly results, Oppenheimer analyst Rick Schafer expects a limited reaction in the company's supply chain, as several component suppliers have already reported results, and most investors are looking ahead to the upcoming fall iPhone "super-cycle." His top picks in the Apple supply chain are content-driven growth stories Broadcom (AVGO) and Skyworks (SWKS), while remaining sidelined on Cirrus Logic (CRUS) and Qorvo (QRVO) heading into their prints.
05/02/17
JPMS
05/02/17
NO CHANGE
Target $260
JPMS
Overweight
JPMorgan now confident Broadcom's wireless charging is in upcoming iPhone
JPMorgan analyst Harlan Sur says his recent work indicates Apple (AAPL) will integrate Broadcom's (BRCM) wireless charging chip into its upcoming iPhone launch in the second half of 2017. In his initial report on the subject in February, Sur was unclear whether or not Apple would be integrating wireless charging into this year's iPhone launch. The February report sent shares of Energous (WATT) lower. Since that report, Sur has learned that Broadcom is getting set to commence manufacturing production of the wireless charging chip with its foundry partners in May. Sur believes Apple will also use Broadcom's next generation WiFi/Bluetooth combo chip and maybe two ASIC chips instead of one. There is at least a $2-$3 step-up in dollar content per phone from the new wireless charging chip, new touch controller chips and upgraded wireless connectivity content in the upcoming iPhones, which is "significantly" higher than what the market is anticipating, Sur tells investors in a research note. He reiterates an Overweight rating on Broadcom with a $260 price target. The stock closed yesterday up 51c to $221.32.
05/18/17
OTRG
05/18/17
NO CHANGE
OTRG
Skyworks, Broadcom gained content in Samsung Galaxy S8, says OTR Global
OTR Global said a tear down of the Samsung Galaxy S8 running Qualcomm's Snapdragon 835 show power amplifier gains by Skyworks (SWKS) and Broadcom (BRCM). The firm's analyst said Skyworks replaced Murat for low-band PA module, gaining about $2.80-$3.00 in content. Broadcom's total content increased to $8.00-$8.75 versus $3.50-$3.80 in the S7 and appears to have won the high-band PA module, displacing Qorvo (QRVO), which accounted for $3.60-$3.90 in S7 content, according to OTR Global.

TODAY'S FREE FLY STORIES

SPLS

Staples

$8.78

0.1 (1.15%)

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NKE

Nike

$52.38

0.365 (0.70%)

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KBIO

KaloBios

$2.20

-0.05 (-2.22%)

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General news
Today's U.S. reports »

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$NSD

NASDAQ Market Internals

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SHLD

Sears

$7.47

-0.31 (-3.98%)

, AMZN

Amazon.com

$980.35

8.81 (0.91%)

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SHLD

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$7.47

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AMZN

Amazon.com

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8.81 (0.91%)

JCP

J.C. Penney

$4.74

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M

Macy's

$23.60

0.4196 (1.81%)

TGT

Target

$54.26

0.13 (0.24%)

STWD

Starwood Property

$22.19

0.05 (0.23%)

KSS

Kohl's

$38.62

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$NYE

NYSE Market Internals

10:16
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Technical Analysis
NYSE market internals summary »

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10:15
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05/25
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General news
Breaking General news story  »

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CSRA

CSRA

$31.08

1.44 (4.86%)

10:12
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CSRA unit wins five-year $266M EPA contract »

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  • 31

    May

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TWLO

Twilio

$25.10

-0.95 (-3.65%)

, ZEN

Zendesk

$25.86

0.02 (0.08%)

10:07
05/25/17
05/25
10:07
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10:07
Recommendations
Twilio lower after Northland details relationship with Airbnb »

Airbnb, which currently…

TWLO

Twilio

$25.10

-0.95 (-3.65%)

ZEN

Zendesk

$25.86

0.02 (0.08%)

VG

Vonage

$6.94

0.025 (0.36%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 30

    May

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    Jun

SITO

SITO Mobile

$4.16

-0.05 (-1.19%)

10:06
05/25/17
05/25
10:06
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10:06
Downgrade
SITO Mobile rating change  »

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ESE

ESCO Technologies

$57.65

-0.2 (-0.35%)

10:02
05/25/17
05/25
10:02
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10:02
Hot Stocks
ESCO Technologies acquires assets of Morgan Schaffer, terms not disclosed »

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  • 01

    Jun

ALXN

Alexion

$101.08

-3.56 (-3.40%)

10:00
05/25/17
05/25
10:00
05/25/17
10:00
Upgrade
Alexion rating change  »

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  • 23

    Oct

XLNX

Xilinx

$64.44

0.47 (0.73%)

10:00
05/25/17
05/25
10:00
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10:00
Options
Bullish option play in Xilinx as shares advance »

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  • 01

    Jun

09:56
05/25/17
05/25
09:56
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09:56
Conference/Events
Jefferies financial/banks analysts hold an analyst/industry conference call »

Analysts discuss trust…

09:55
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09:55
General news
Bloomberg Consumer Comfort Index Level data reported »

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BBD

Banco Bradesco

$8.46

0.025 (0.30%)

09:55
05/25/17
05/25
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09:55
Options
Banco Bradesco put volume heavy and directionally bearish »

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BBY

Best Buy

$56.94

6.52 (12.93%)

, PVH

PVH Corp.

$106.53

4.49 (4.40%)

09:55
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Options
Early notable gainers among liquid option names on May 25th »

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BBY

Best Buy

$56.94

6.52 (12.93%)

PVH

PVH Corp.

$106.53

4.49 (4.40%)

CSRA

CSRA

$30.51

0.87 (2.94%)

ADS

Alliance Data

$247.05

9.335 (3.93%)

NFLX

Netflix

$157.75

-0.2 (-0.13%)

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General news
Fed policy outlook: Fed funds futures are little changed to slightly firmer »

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WOW

WideOpenWest

09:54
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05/25
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Syndicate
Breaking Syndicate news story on WideOpenWest »

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  • 25

    May

NFLX

Netflix

$157.75

-0.2 (-0.13%)

09:54
05/25/17
05/25
09:54
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09:54
Conference/Events
William Blair Internet/Media analyst holds an analyst/industry conference call »

Media/Internet Analyst…

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  • 01

    Jun

  • 05

    Jun

PM

Philip Morris

$118.01

0.58 (0.49%)

09:52
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09:52
Hot Stocks
FDA begins scientific review of Philip Morris MRTP application for EHTP »

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TGI

Triumph Group

$32.50

0.85 (2.69%)

09:50
05/25/17
05/25
09:50
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09:50
Downgrade
Triumph Group rating change  »

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09:50
05/25/17
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Hot Stocks
Breaking Hot Stocks news story  »

Reading International…

TGI

Triumph Group

$32.00

0.35 (1.11%)

09:47
05/25/17
05/25
09:47
05/25/17
09:47
Downgrade
Triumph Group rating change  »

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