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QCOM

Qualcomm

$56.46

-0.35 (-0.62%)

, AAPL

Apple

$149.56

0.52 (0.35%)

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

Qualcomm CEO expects out of court settlement with Apple, Fortune says

Qualcomm (QCOM) CEO Steve Mollenkopf said he believes intellectual property pricing and contract obligations are at the core of the company's legal dispute with Apple (AAPL), however he seemed optimistic that the fight will end in an out of court settlement, Fortune reports, citing comments he made at the Brainstorm Tech. The companies have been in a legal battle over potentially billions of dollars in royalties on mobile chipsets since Apple began using modem chips from Intel (INTC) in half of its new iPhones last year, instead of purchasing all chips from Qualcomm. Reference Link

QCOM

Qualcomm

$56.46

-0.35 (-0.62%)

AAPL

Apple

$149.56

0.52 (0.35%)

INTC

Intel

$34.47

-0.21 (-0.61%)

  • 19

    Jul

  • 01

    Aug

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    Aug

  • 15

    Aug

QCOM Qualcomm
$56.46

-0.35 (-0.62%)

06/28/17
NORL
06/28/17
DOWNGRADE
Target $62.5
NORL
Market Perform
Qualcomm downgraded to Market Perform from Outperform at Northland
Northland analyst Tom Sepenzis downgraded Qualcomm (QCOM) to Market Perform and cut its price target to $62.50 from $75 following the previous guidance change due to the dispute with Apple (AAPL) and its suppliers. The analyst is uncertain Qualcomm's model will survive multiple attacks from regulators and now Apple, and said the longer the fight with Apple goes on the more the negative impact on shares will be. Further, Intel (INTC) has hinted it will defend its x86 platform, which could result in another legal challenge for Qualcomm. Sepenzis said Qualcomm is making progress on its ARM-based server products but said the market is in its infancy and wins look more like extended trials than a marked shift away from x86.
06/28/17
MSCO
06/28/17
NO CHANGE
MSCO
Qualcomm could raise offer for NXP by 5%-10%, says Morgan Stanley
Morgan Stanley analyst Craig Hettenbach notes that an index of semiconductor stocks has risen 29% since Qualcomm (QCOM) made its $110 per share offer for NXP Semicodnuctors (NXPI). The firm says that Qualcomm can raise its offer for NXP by 5%-10% "with minimal impact to its balance sheet and deal accretion." It keeps an Equal Weight rating on NXP
06/28/17
06/28/17
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. Qualcomm (QCOM) downgraded to Market Perform from Outperform at Northland with analyst Tom Sepenzis citing the previous guidance change due to the dispute with Apple (AAPL) and its suppliers. The analyst is uncertain Qualcomm's model will survive multiple attacks from regulators and now Apple, and said the longer the fight with Apple goes on the more the negative impact on shares will be. 2. Alder Biopharmaceuticals (ALDR) downgraded to Neutral from Outperform at Credit Suisse with analyst Vamil Divan citing the release of data from the PROMISE-1 trial of eptinezumab in frequent migraine treatment. Divan lowered his price target on Alder shares to $17 from $30. 3. Advance Auto Parts (AAP) downgraded to Neutral from Buy at Cleveland Research with the firm saying checks indicate that second quarter comparables are likely running below consensus as industry weakness pressures sales trends. 4. Brookfield Renewable (BEP) downgraded to Neutral from Outperform at Macquarie with analyst David Noseworthy citing expectations that growth in the U.S. will slow after the closing of the TerraForm Power (TERP) and TerraForm Global (GLBL) acquisitions, risk from increasing exposure to developing market, and premium valuation. 5. First Data (FDC) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying the turnaround in fundamentals is largely reflected in shares and deleveraging potential is less likely to be a driver going forward. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/17
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).
AAPL Apple
$149.56

0.52 (0.35%)

07/13/17
MONN
07/13/17
NO CHANGE
MONN
PayPal price target raised to $70 from $54 at Monness Crespi
After conducting checks, Monness Crespi analyst James Cakmak raised his price target on PayPal (PYPL) . He says that the market is failing to appreciate the boost to PayPal's margins that its Pay with Venmo product will bring. The analyst also expects PayPal to make an international deal with Alphabet's (GOOG,GOOGL) Android and he thinks that its newly announced deal with Apple (AAPL) "diminishes competitive risks." Cakmak adds that the company can benefit meaningfully from a partnership with Facebook (FB), The analyst keeps a Buy rating on PayPal.
07/13/17
BERN
07/13/17
NO CHANGE
BERN
PayPal deal lowers comeptitive threat, says Bernstein
After PayPal (PYPL) announced a partnership deal with Apple (AAPL), Bernstein analyst Lisa Ellis says that the deal lowers the "wildcard" threat of competition for PayPal. The analyst adds that the deal could enable PayPal to access iPhones through NFC in the future or make a broader partnership deal with Apple Pay. Ellis keeps a $61 price target and an Outperform rating on PayPal.
07/17/17
MSCO
07/17/17
NO CHANGE
Target $182
MSCO
Overweight
Apple near-term iPhone estimates cut, target raised to $182 at Morgan Stanley
Morgan Stanley analyst Katy Huberty lowered her September quarter iPhone unit estimate to reflect a slightly later iPhone 8 launch, citing increasing evidence that the high-end OLED version of the device will not launch until October. However, she raised her forecast for FY18 to reflect better December and March quarter seasonality on par with the 4s cycle, which she views as the best guide for seasonality during the iPhone 8 supercycle. Huberty raised her price target on Apple shares to $182 from $177 and keeps an Overweight rating on the stock.
07/18/17
LEHM
07/18/17
DOWNGRADE
Target $55
LEHM
Underweight
Cirrus Logic downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Blayne Curtis downgraded Cirrus Logic (CRUS) to Underweight saying the company's content story "stalls" in fiscal year 2019. While estimates are achievable for this year, the Apple (AAPL) supply chain offers clearer iPhone 8 content stories like Broadcom (AVGO), Cutis tells investors in a research note. He keeps a $55 price target for Cirrus shares.
INTC Intel
$34.47

-0.21 (-0.61%)

07/12/17
WELS
07/12/17
NO CHANGE
WELS
Intel datacenter growth could reach double digits, says Wells Fargo
Wells Fargo analyst David Wong says that the growth of Intel's datacenter unit "could well rise solidly into the double digit percent year-over-year range" in 2H17, driven by the company's new Purley chip. Wong continues to identify the stock as a top pick.
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.
07/12/17
KEYB
07/12/17
NO CHANGE
KEYB
Monolithic Power should be bought ahead of results, says KeyBanc
KeyBanc analyst John Vinh recommends buying Monolithic Power (MPWR) ahead of its Q2 results. He thinks that investors' focus will be on the company's Q3 guidance, and he believes that the guidance will be boosted by content gains in Microsoft's (MSFT) new Xbox and Intel's (INTC) Purley chip.
07/12/17
HDLY
07/12/17
INITIATION
Target $41
HDLY
Long-Term Buy
Intel initiated with a Long-Term Buy at Hilliard Lyons
Hilliard Lyons analyst Stephen Turner initiated Intel with a Long-Term Buy and a $41 price target telling investors he expects new growth markets to expand the company's total addressable market over the next 5-10 years. The analyst is also positive on Intel's strategy shift toward the data center, and connecting end market devices, and its history of consistent dividend growth, buybacks, and synergistic M&A.

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GE

General Electric

$23.60

0.49 (2.12%)

08:34
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SAP

SAP

$113.40

1.63 (1.46%)

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AVX

AVX

$19.50

-0.13 (-0.66%)

08:32
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Hot Stocks
AVX raises quarterly dividend to 11.5c per share »

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SKX

Skechers

$24.03

-1.06 (-4.22%)

08:31
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VST

Vistra Energy

$18.83

0.13 (0.70%)

08:30
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Vistra Energy initiated  »

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GE

General Electric

$23.58

0.46 (1.99%)

08:30
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Hot Stocks
General Electric reports Q3 Power revenue $8.68B »

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LDR

Landauer

08:30
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10/20
08:30
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08:30
Options
One option delisting on October 20th »

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ALL

Allstate

$92.73

1.48 (1.62%)

08:29
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10/20
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Hot Stocks
Allstate announces expansion of ride-hailing coverage »

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HUBG

Hub Group

$39.50

0.35 (0.89%)

08:29
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Initiation
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  • 26

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TEAM

Atlassian

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GPC

Genuine Parts

$89.71

-8.33 (-8.50%)

08:27
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08:27
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  • 30

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BOJA

Bojangles

$12.50

0.1 (0.81%)

08:26
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Downgrade
Bojangles rating change  »

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TEAM

Atlassian

$40.25

0.44 (1.11%)

08:25
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AGN

Allergan

$189.27

2.12 (1.13%)

08:25
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General news
Fed funds futures are lower as safe haven flows unwind as risk appetite jumps »

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WBC

Wabco

$155.08

6.01 (4.03%)

08:23
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UAL

United Continental

$59.78

-8.21 (-12.08%)

08:22
10/20/17
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08:22
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ENBL

Enable Midstream

$15.60

0.06 (0.39%)

08:22
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$DJT

DJ Transportation Average

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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

08:21
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Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

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Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$177.87

-0.23 (-0.13%)

08:21
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Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$60.69

-0.18 (-0.30%)

08:20
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Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$67.64

-0.21 (-0.31%)

08:20
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Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

08:20
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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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