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AMD

AMD

$13.80

-0.12 (-0.86%)

, CAVM

Cavium

$65.18

-0.81 (-1.23%)

05:39
07/18/17
07/18
05:39
07/18/17
05:39

AMD downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Blayne Curtis downgraded AMD (AMD) to Underweight with an unchanged price target of $9. The chipmaker closed yesterday down 12c to $13.80. The analyst is "unconvinced" that AMD products will gain enough traction to support the current valuation. He also has difficulty "getting anywhere near" the company's long-term earnings per share target of 75c. Curtis likes shares of Cavium (CAVM) and Cypress Semiconductor (CY) in the U.S. Semiconductors space heading into Q2 earnings.

AMD

AMD

$13.80

-0.12 (-0.86%)

CAVM

Cavium

$65.18

-0.81 (-1.23%)

CY

Cypress Semiconductor

$14.29

-0.18 (-1.24%)

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    Sep

AMD AMD
$13.80

-0.12 (-0.86%)

07/06/17
BOFA
07/06/17
NO CHANGE
Target $185
BOFA
Buy
Nvidia reiterated as a top pick at BofA/Merrill
BofA/Merrill analyst Vivek Arya said a proprietary update of the PC GPU market reinforced his positive view on Nvidia (NVDA) given material tailwinds from new title launches and the rise of eSports, combined with second half seasonal strength in the secularly growing gaming market. The analyst's key takeaways from the update are: stream data indicates a significant upgrade opportunity for Pascal and upcoming next-gen Volra GPU, ecommerce survey work indicates Nvidia maintains 100% share of top selling GPU cars, with ASPs up 23% month-over-month, Nintendo Switch demand remains an incremental growth driver, and gaming strength is still underappreciated. Arya reiterates Nvidia as a Buy rating and a top pick, with a $185 price target.
07/10/17
JEFF
07/10/17
DOWNGRADE
Target $29
JEFF
Underperform
Intel downgraded to Underperform from Hold at Jefferies
Jefferies analyst Mark Lipacis downgraded Intel (INTC) to Underperform, his firm's equivalent of a sell rating, and cut his price target for the shares to $29 from $38. Intel closed Friday up 25c to $33.88. The chipmaker's Xeon/Xeon PHI platform is disadvantaged versus Nvidia (NVDA) in emerging parallel workloads like deep neural networking, Lipacis tells investors in a research note. He believes Intel, as the incumbent with dominant share, has the most to lose as the industry undergoes a "tectonic shift in computing toward a parallel model." Intel is losing share in datacenter to Nvidia while chip competition from AMD (AMD), Cavium (CAVM) and Xilinx (XLNX) is increasing, the Lipacis argues.
07/10/17
MZHO
07/10/17
NO CHANGE
Target $15
MZHO
Buy
AMD could see better than expected 2H revenues, says Mizuho
Mizuho analyst Vijay Rakesh said AMD could see better than expected second half 2017 revenues due to better PC demand, gaming console seasonality, new Ryzen/Vega product ramps, and Bitcoin related shortages in GPUs for mining. The analyst raised AMD's price target to $15 from $14 and reiterates his Buy rating.
07/10/17
JPMS
07/10/17
NO CHANGE
JPMS
JPMorgan raises semiconductor market forecasts after strong May
JPMorgan analyst Hisashi Moriyama attributes data center demand due to the spread of cloud computing and expanding applications for Internet of Things as driving better than expected May growth in the semiconductor market. The analyst, who also believes growth to the automobile market is accelerating, raised his semiconductor market forecasts given the strong May. Publicly traded companies in the semiconductor space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).
CAVM Cavium
$65.18

-0.81 (-1.23%)

07/10/17
JEFF
07/10/17
NO CHANGE
Target $180
JEFF
Buy
Nvidia price target raised to $180 from $140 at Jefferies
Jefferies analyst Mark Lipacis raised his price target for Nvidia (NVDA) shares to $180 from $140 and his three-year bull case earnings per share estimate to $8.00 from $6.50. The chipmaker closed Friday up $3.28 to $146.76. The company's decade long investment in its proprietary GPU-processing language has resulted in a multi-year competitive advantage that has yet to be fully appreciated by investors, Lipacis tells investors in a research note. He sees Nvidia as a key beneficiary as the industry undergoes a "tectonic shift towards a parallel computing model." The analyst keeps a Buy rating on the shares. Lipacis this morning also downgraded Intel (INTC) to Underperform and upgraded both Cavium (CAVM) and Xilinx (XLNX) to Buy.
07/10/17
07/10/17
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. FLIR Systems (FLIR) upgraded to Strong Buy from Market Perform at Raymond James. 2. HP Inc. (HPQ) upgraded to Buy from Neutral at Mizuho. 3. PayPal (PYPL) upgraded to Outperform from Market Perform at Bernstein with analyst Lisa Ellis saying the company is "at the beginning, not the end, of multi-year outperformance supported by high-teens earnings appreciation." 4. Arconic (ARNC) upgraded to Overweight from Neutral at JPMorgan with analyst Seth Seifman citing valuation with the stock underperforming the S&P 500 Index by 15% over the past month. 5. Cavium (CAVM) upgraded to Buy from Hold at Jefferies with analyst Mark Lipacis saying the company will benefit as the industry undergoes a "tectonic shift towards a parallel computing model." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/17
NEED
07/12/17
NO CHANGE
Target $43
NEED
Buy
Needham remains positive on Intel
After attending Intel's (INTC) official launch event for its Xeon Scalable Platform, Needham analyst N. Quinn Bolton says he came away positive on Intel's shares and expects the ramp to positively impact Cavium (CAVM), Integrated Device (IDTI), Monolithic Power (MPWR) and Microsemi (MSCC). The analyst reiterates a Buy rating and $43 price target on Intel's shares.
CY Cypress Semiconductor
$14.29

-0.18 (-1.24%)

06/27/17
CHLM
06/27/17
NO CHANGE
Target $17
CHLM
Buy
Craig-Hallum predicts 'strong beat and raise' coming from Cypress Semi
Craig-Hallum analyst Anthony Stoss believes Cypress Semiconductor can hit the $545M midpoint of its Q2 guidance on $20M in incremental Nintendo (NTDOY) Switch revenues alone even if the rest of its business if sequentially flat and he predicts it will "handily beat" the consensus revenue estimate of $546M. He raised his estimates for the June and September end quarters for both revenue and EPS and reiterates a Buy rating and $17 price target on Cypress Semi shares.
06/28/17
LEHM
06/28/17
UPGRADE
Target $18
LEHM
Overweight
Cypress Semiconductor upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Blayne Curtis upgraded Cypress Semiconductor (CY) to Overweight to reflect the likely USB-C wins at Apple (AAPL) for the upcoming iPhone 8 cycle. Apple is moving to USB-C connectors for its chargers and including silicon in the iPhones/iPads to enable fast charging, Curtis tells investors in a research note. The analyst believes the content win is accretive to Cypress' gross margins and should also help boost fab utilization. He also views the company's core business as strong. Curtis raised his price target for the shares to $18 from $14.
06/28/17
06/28/17
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. Dollar Tree (DLTR) upgraded to Buy from Hold at Loop Capital with analyst Anthony Chukumba saying the core segment is performing well while management will find a way to create shareholder value from the struggling Family Dollar segment. 2. Cypress Semiconductor (CY) upgraded to Overweight from Equal Weight at Barclays with analyst Blayne Curtis citing the likely USB-C wins at Apple (AAPL) for the upcoming iPhone 8 cycle. Apple is moving to USB-C connectors for its chargers and including silicon in the iPhones/iPads to enable fast charging, Curtis tells investors in a research note. The analyst believes the content win is accretive to Cypress' gross margins and should also help boost fab utilization. He also views the company's core business as strong. Curtis raised his price target for the shares to $18 from $14. 3. Expedia (EXPE) upgraded to Buy from Neutral at Citi with analyst Mark May saying owning "strong Internet franchises" during periods of positive growth inflection points is typically a good formula. 4. UMC (UMC) upgraded to Buy from Neutral at UBS. 5. Koppers Holdings (KOP) upgraded to Buy from Hold at Wunderlich with analyst Liam Burke citing a more positive outlook for the company's Carbon Materials and Chemicals unit. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/17
KEYB
07/12/17
NO CHANGE
KEYB
Cypress Semiconductor should be bought ahead of results, says KeyBanc
KeyBanc analyst John Vinh recommends buying Cypress ahead of its results. He thinks that the company is poised to benefit from "healthy broad-based strength in industrials and IoT," as well as the launch of the new iPhone and content gains in that device.

TODAY'S FREE FLY STORIES

ABT

Abbott

$55.77

0.71 (1.29%)

05:04
10/19/17
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05:04
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Abbott analyst commentary  »

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AGN

Allergan

$187.15

-10.63 (-5.37%)

05:00
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MERC

Mercer

$13.50

-0.05 (-0.37%)

04:58
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ADBE

Adobe

04:57
10/19/17
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Adobe price target raised…

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ANGI

Angie's List

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GWW

Grainger

$208.81

3.39 (1.65%)

04:57
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04:57
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04:57
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Grainger rating change  »

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MZOR

Mazor Robotics

$58.55

3.57 (6.49%)

, NUVA

NuVasive

$54.18

0.47 (0.88%)

04:55
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10/19
04:55
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04:55
Downgrade
Mazor Robotics, NuVasive rating change  »

Mazor Robotics downgraded…

MZOR

Mazor Robotics

$58.55

3.57 (6.49%)

NUVA

NuVasive

$54.18

0.47 (0.88%)

03/08/13
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04:55
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General news
Breaking General news story  »

Week of 10/13 EIA Natural…

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Week of 10/18 Fed Balance…

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Breaking General news story  »

Week of 10/9 Money Supply…

04:55
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04:55
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Breaking General news story  »

6-Month Bill Announcement…

MTCH

Match Group

$25.52

-0.56 (-2.15%)

, IAC

IAC

$124.60

-0.55 (-0.44%)

04:55
10/19/17
10/19
04:55
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04:55
Conference/Events
Jefferies Internet analysts hold an analyst/industry conference call »

Internet Analysts…

MTCH

Match Group

$25.52

-0.56 (-2.15%)

IAC

IAC

$124.60

-0.55 (-0.44%)

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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UBS

UBS

$17.26

0.02 (0.12%)

, CME

CME Group

$136.37

0.18 (0.13%)

04:55
10/19/17
10/19
04:55
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04:55
Conference/Events
Futures Industry Association to hold an expo »

33rd Annual FIA Futures…

UBS

UBS

$17.26

0.02 (0.12%)

CME

CME Group

$136.37

0.18 (0.13%)

NDAQ

Nasdaq

$74.60

-0.11 (-0.15%)

ICE

IntercontinentalExchange

$68.20

0.03 (0.04%)

CBOE

CBOE Holdings

$109.59

0.06 (0.05%)

BAC

Bank of America

$26.48

0.28 (1.07%)

GS

Goldman Sachs

$242.03

5.94 (2.52%)

JPM

JPMorgan

$97.99

0.37 (0.38%)

CS

Credit Suisse

$15.91

-0.11 (-0.69%)

C

Citi

$73.12

0.93 (1.29%)

AMZN

Amazon.com

$997.00

-12.13 (-1.20%)

MS

Morgan Stanley

$50.15

1.03 (2.10%)

WFC

Wells Fargo

$53.41

0.22 (0.41%)

AMTD

TD Ameritrade

$47.54

0.32 (0.68%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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    Oct

VPG

Vishay Precision

$24.40

0.55 (2.31%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Vishay Precision management to meet with Sidoti »

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SCS

Steelcase

$15.30

0.1 (0.66%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Steelcase management to meet with Sidoti »

Meetings to be held in…

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03/08/13
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03/06/13
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  • 19

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04:55
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General news
Philadelphia Fed Business Outlook Survey General Conditions Index to be reported at 08:30 »

October Philadelphia Fed…

04:55
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04:55
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Breaking General news story  »

Kansas City Federal…

SB

Safe Bulkers

$3.12

-0.01 (-0.32%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Safe Bulkers management to meet with Jefferies »

Meeting to be held in New…

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  • 19

    Oct

SNY

Sanofi

$49.53

-0.06 (-0.12%)

, PFE

Pfizer

$35.83

-0.37 (-1.02%)

04:55
10/19/17
10/19
04:55
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04:55
Conference/Events
Drug Information Association to hold a conference »

Metrics in…

SNY

Sanofi

$49.53

-0.06 (-0.12%)

PFE

Pfizer

$35.83

-0.37 (-1.02%)

ALKS

Alkermes

$51.09

-0.39 (-0.76%)

LLY

Eli Lilly

$85.73

-0.33 (-0.38%)

BMY

Bristol-Myers

$63.70

-0.48 (-0.75%)

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COST

Costco

$157.55

-0.83 (-0.52%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Costco management to meet with Oppenheimer »

Meeting to be held in…

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  • 19

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04:55
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04:55
General news
Breaking General news story  »

Week of 10/15 Bloomberg…

04:55
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10/19
04:55
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General news
Leading Indicators to be reported at 10:00 »

September Leading…

PLX

Protalix

$0.83

0.176 (26.91%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Protalix to host special shareholder meeting »

Special Shareholder…

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  • 19

    Oct

GNCA

Genocea

$1.43

-0.12 (-7.74%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Genocea management to meet with Needham »

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03/06/13
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  • 19

    Oct

SFL

Ship Finance

$14.90

-0.05 (-0.33%)

04:55
10/19/17
10/19
04:55
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04:55
Conference/Events
Ship Finance management to meet with Seaport Global »

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