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ASML

ASML

$161.35

-1.43 (-0.88%)

, INTC

Intel

$36.09

0.32 (0.89%)

08:37
09/13/17
09/13
08:37
09/13/17
08:37

ASML to double EUV equipment production in 2018, DigiTimes says

ASML (ASML) will increase annual production of its extreme ultraviolet lithography systems to 24 units in 2018 up from 12, and expects to further grow production to 40 units in 2019, DigiTimes reports, citing the company. ASML secured eight additional orders for EUV lithography systems in Q2 bringing the total backlog to 27 EUV systems valued at roughly EUR2.8B, or $3.26B, and its customer's reportedly include Globalfoundries, Intel (INTC), Samsung (SSNLF), SK Hynix and TSMC (TSM). Reference Link

ASML

ASML

$161.35

-1.43 (-0.88%)

INTC

Intel

$36.09

0.32 (0.89%)

SSNLF

Samsung

TSM

TSMC

$37.86

0.02 (0.05%)

  • 05

    Oct

ASML ASML
$161.35

-1.43 (-0.88%)

06/14/17
SBSH
06/14/17
UPGRADE
SBSH
Buy
ASML upgraded to Buy from Neutral at Citi
Citi analyst Amit Harchandani upgraded ASML to Buy and raised his price target for the shares to EUR 135 from EUR 129. The valuation, with the stock underperforming semi peers year-to-date, has "turned supportive again," Harchandani tells investors in a research note. The analyst notes his January downgrade to Neutral was based on valuation. Harchandani continues to have a constructive outlook for WFE spending.
06/14/17
06/14/17
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. Oneok (OKE) upgraded to Buy from Neutral at UBS with analyst Shneur Gershuni saying the merger with Oneok Partners (OKS) will create an attractive 6% yield growing at around 10%. 2. ASML (ASML) upgraded to Buy from Neutral at Citi with analyst Amit Harchandani saying the valuation, with the stock under-performing semi peers year-to-date, has "turned supportive again." 3. Restaurant Brands (QSR) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Bittner saying the company's "accretive" cap-structure opportunities aren't appreciated while the recent Popeye's acquisition provides a tool to accelerate unit growth. 4. HCP (HCP) upgraded two notches, to Outperform from Underperform, at Raymond James. Analyst Jonathan Hughes is more constructive on HCP's attractive asset mix following an extensive transformation over the past year and said it now has the highest exposure among the Big Three Healthcare REITs to medical office buildings and life science assets and the lowest exposure to the more volatile senior housing operating sector. 5. Cheesecake Factory (CAKE) upgraded to Buy from Hold at Maxim with analyst Stephen Anderson arguing that shares as oversold after yesterday's nearly 10% pullback following the company's downward revision of its comp guidance for the current quarter. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/23/17
BOFA
06/23/17
NO CHANGE
BOFA
ASML shares could double by 2020, says BofA/Merrill
BofA/Merrill analyst Adithya Metuku says that ASML 's next generation technology, EUV "will underpin the disruptive themes of the next 5-10 years." The analyst says that the shares are undervalued and will rise by more than 50% by 2020 in his base case scenario. Metuku predicts that strong Chinese demand for lithography equipment could enable the stock to double by 2020. Finally, the analyst says that the company could soon receive an EUV order from Samsung. The analyst raised his price target on the shares to EUR165 from EUR140 and keeps a Buy rating on the stock.
07/20/17
RBCM
07/20/17
NO CHANGE
RBCM
ASML price target raised to $155 from $135 at RBC Capital
RBC Capital analyst Amit Daryanani says that ASML reported "impressive" June quarter results and guidance. The analyst says that the company is more positive about the outlook for its EUV products, but he keeps a Sector Perform rating on the stock.
INTC Intel
$36.09

0.32 (0.89%)

08/11/17
ROTH
08/11/17
NO CHANGE
Target $150
ROTH
Neutral
Roth says Nvidia 'stands alone' in semiconductors, valuation 'only question'
Roth Capital analyst Brian Alger said Nvidia's (NVDA) performance over the past several quarters has made it clear that neither Intel (INTC) nor AMD (AMD) have been able to slow the company's growth. Nvidia "stands alone" among semiconductor companies in terms of big volume and big dollar growth potential, but valuation of its stock remains the "only question," according to Alger. He raised his FY19 revenue estimate by roughly $1B and increased his price target on Nvidia shares to $150 from $120, but maintains a Neutral rating on the stock.
08/15/17
BERN
08/15/17
NO CHANGE
BERN
'Alarm bells starting to ring' on Intel, says Bernstein
Bernstein analyst Stacy Rasgon identified a number of negative aspects in Intel's Q2 results, including a year-over-year decline in desktop prices "for the first time in years" and overshipment of notebook PC chips, which she says increases the risk of the company's 2H17 results. Rasgon thinks that the company's 2YH17 datacenter growth targets could be aggressive, and the analyst says that "the quality of Intel's earnings continue to deteriorate." Rasgon says that "alarm bells are starting to ring" on Intel. She keeps a $30 price target and an Underperform rating on the stock.
08/25/17
CHLM
08/25/17
NO CHANGE
CHLM
Integrated Device has positive read through from Broadcom, says Craig-Hallum
Craig-Hallum analyst Tony Stoss says that Integrated Device (IDTI) has a positive read through from Broadcom's (AVGO) results. He notes that Broadcom said that its enterprise segment generated strong growth due to the release of Intel's (INTC) Purley chip. Stoss expects Integrated Device to also benefit from this catalyst, and he keeps a Buy rating on the stock.
09/12/17
JPMS
09/12/17
NO CHANGE
JPMS
JPMorgan lays out iPhone content winners and losers into launch event
JPMorgan analyst Harlan Sur believes Apple's (AAPL) launch event today will be positive for Broadcom (AVGO) and Qorvo (QRVO) as well as Micron (MU) and Intel (INTC). The analyst sees content gains by Broadcom in wireless charging, touch controller, Wi-Fi/Bluetooth and GPS connectivity, and by Qorvo in low band power amplifier duplexers share and antenna tuning. Other companies with significant Apple exposure that would benefit from increased unit sales and/or modest content gains include Intel, Skyworks (SWKS), Knowles (KN), Micron, Cypress Semiconductor (CY), NXP Semiconductors (NXPI) and Texas Instruments (TXN), Sur tells investors in a research note. The analyst sees Analog Devices' (ADI) blended content at Apple declining as he believes the company will not be the touch controller for the OLED-version of the iPhone.
SSNLF Samsung

04/28/17
CHLM
04/28/17
NO CHANGE
Target $120
CHLM
Buy
Skyworks price target raised to $120 from $110 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss raised his price target for Skyworks (SWKS) to $120 from $110 after the company reported results and guidance above estimates driven by content expansion in Samsung's (SSNLF) Galaxy S8 and at Huawei, and continued strength in its Internet of Things business. The analyst reiterates a Buy rating on the shares.
05/17/17
MSCO
05/17/17
NO CHANGE
Target $177
MSCO
Overweight
Apple target raised to $177 at Morgan Stanley after survey shows rising loyalty
Morgan Stanley analyst Katy Huberty reported that the firm's recent survey of 1,000 U.S. consumers shows a rising iPhone retention rate, with 92% of iPhone owners who see upgrading their phone in the next 12 months saying they plan to stick to an iPhone, up from the 86% retention rate in last year's survey. Apple's (AAPL) 92% loyalty rate "dwarfs" that of all other vendors, with its biggest competitor, Samsung (SSNLF), seeing a 77% retention rate, she noted. Huberty, who sees Apple being positioned to gain increasing U.S. smartphone share, raised her price target on Apple to $177 from $161 and keeps an Overweight rating on the stock.
08/22/17
OPCO
08/22/17
NO CHANGE
Target $35
OPCO
Underperform
Synaptics price target lowered to $35 from $45 at Oppenheimer
Oppenheimer analyst Andrew Uerkwitz lowered his price target for Synaptics (SYNA) to $35 from $45, citing his bearish outlook on the company's fingerprint and DDIC business. The analyst's model implies "significant" fingerprint revenue loss from Samsung (SSNLF) and ongoing decline of DDIC revenues from Apple (AAPL). Meanwhile, Uerkwitz believes its new products such as optical fingerprint sensor and OLED DDIC are unlikely to offset the decline until after FY19. He reiterates an Underperform rating on Synaptics' shares.
09/13/17
STFL
09/13/17
NO CHANGE
STFL
Buy
Foldable smartphones another potential catalyst for Coherent, says Stifel
Stifel analyst Patrick Newton noted that AP reported yesterday that the President of Samsung's (SSNLF) mobile business said the company could release its anticipated foldable smartphone as soon as next year. Such a potential launch, and likely broader adoption of the technology by peers, is a potential long-term catalyst for Coherent (COHR) and other such equipment suppliers whose revenues are linearly correlated with total screen area, he tells investors. Also, higher resolution OLED displays, like the one confirmed yesterday for Apple's (AAPL) iPhone X, are a positive for Coherent's future recurring revenue from laser discharge units, added Newton, who keeps a Buy rating on Coherent shares.
TSM TSMC
$37.86

0.02 (0.05%)

06/21/17
HSBC
06/21/17
DOWNGRADE
HSBC
Hold
TSMC downgraded to Hold from Buy at HSBC
HSBC analsyt Steven Pelayo downgraded TSMC to Hold citing valuation.
06/22/17
06/22/17
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. CarMax (KMX) downgraded to Neutral from Positive at Susquehanna with analyst Ali Faghri saying "more challenging comparisons and moderating tailwinds" from online initiatives "will lead to a gradual slowdown in sales trends." 2. DuPont Fabros (DFT) was downgraded to Sector Weight from Overweight at KeyBanc and to Market Perform from Outperform at Raymond James. 3. TSMC (TSM) downgraded to Hold from Buy at HSBC with analyst Steven Pelayo citing valuation. 4. Sandstorm Gold (SAND) downgraded to Neutral from Outperformer at CIBC. 5. Dana Holding (DAN) downgraded to Hold from Buy at Deutsche Bank with analyst Rod Lache saying the stock has risen to within 5% of the firm's target. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/17
DAIW
07/13/17
DOWNGRADE
DAIW
Outperform
TSMC downgraded to Outperform from Buy at Daiwa
07/13/17
DAIW
07/13/17
DOWNGRADE
DAIW
Outperform
TSMC downgraded to Outperform after earnings at Daiwa
Daiwa analyst Rick Hsu downgraded TSMC downgraded to Outperform from Buy following the company's Q2 results. The analyst cites valuation for the downgrade and notes the company's Q3 business guidance missed expectations. Hsu expects TSMC to make up for the Q3 revenue shortfall in Q4, however, and continues to like the company's long-term fundamentals.

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LNDC

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