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AAPL

Apple

$160.86

-0.64 (-0.40%)

, MU

Micron

$34.29

0.85 (2.54%)

09:01
09/13/17
09/13
09:01
09/13/17
09:01

Apple supply chain read-through indicates unit growth in Q4, says Cowen

Cowen analyst Karl Ackerman said Apple's (AAPL) presentation was largely in line with expectations, but his supply chain work indicates a significant increase in iPhone X units for the December quarter. Based on his checks, companies with the most "interesting" read-through include Micron (MU), Teradyne (TER), Broadcom (AVGO), Qorvo (QRVO), Skyworks, (SWKS), and Universal Display (OLED), he tells investors.

AAPL

Apple

$160.86

-0.64 (-0.40%)

MU

Micron

$34.29

0.85 (2.54%)

TER

Teradyne

$36.10

0.36 (1.01%)

AVGO

Broadcom

$247.14

-0.6 (-0.24%)

QRVO

Qorvo

$72.95

0.32 (0.44%)

SWKS

Skyworks

$106.87

-0.32 (-0.30%)

OLED

Universal Display

$132.40

0.1 (0.08%)

  • 13

    Sep

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    Sep

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    Sep

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    Sep

  • 05

    Oct

AAPL Apple
$160.86

-0.64 (-0.40%)

09/13/17
RBCM
09/13/17
NO CHANGE
RBCM
Apple new iPhone features will cause demand to accelerate, says RBC Capital
RBC Capital analyst Amit Daryanani says that the new form factor and capabilities of Apple's new iPhones will cause upgrades within the Apple install base to accelerate and increase the rate of switching to iPhone from other devices. The analyst expects the current iPhone cycle to be "one of the strongest in recent years." He keeps a $180 price target and an Outperform rating on the shares.
09/13/17
STFL
09/13/17
NO CHANGE
Target $6
STFL
Hold
New Apple Watch will be 'stiff competition' for Fitbit Ionic, says Stifel
Stifel analyst Jim Duffy pointed to some advantages favoring Fitbit's (FIT) Ionic over Apple's (AAPL) Watch Series 3 - such as compatibility with non-iOS devices, longer battery life and a narrow price advantage - but he also thinks the Series 3 will present "stiff competition for consumer attention" during the Holidays. He keeps a Hold rating and $6 price target on Fitbit on the heels of Apple's launch event yesterday.
09/13/17
STFL
09/13/17
NO CHANGE
STFL
Buy
3D Sensing applications 'front and center' at Apple launch, says Stifel
Stifel analyst Patrick Newton noted that VCSEL enabled applications were "front and center" during Apple's (AAPL) iPhone X launch event. While there was no explicit mention that there are two VCSEL arrays in the front-facing camera, he remains confident this is the case, adding that the later than expected November 3 shipment date should not materially impact Lumentum's ability to meet its target of over $200M in VCSEL orders in 2017. Newton, who continues to model 80% share for Lumentum's in the initial VCSEL ramp, keeps a Buy rating on the stock.
09/13/17
CHLM
09/13/17
NO CHANGE
CHLM
Buy
STMicroelectronics may be supplying iPhone facial recognition, says Craig-Hallum
Craig-Hallum analyst Tony Stoss notes that as he expected, Apple (AAPL) highlighted the new facial recognition capabilities of the iPhone X as the key upgrade for the new phone, and believes that STMicroelectronics (STM) is supplying the majority of the hardware components to make Apple's facial recognition solution work and perform significantly better than current solutions from other smartphone OEMs. Stoss thinks the iPhone X model phone will be over 50% of new iPhone sales given the significant upgrades versus the iPhone 8/8 Plus, and argues that Apple's use of facial recognition will push other smartphone OEMs to adopt similar advanced facial recognition technology, with STMicroelectronics benefiting as a result. The analyst reiterates a Buy rating on STMicroelectronics shares.
MU Micron
$34.29

0.85 (2.54%)

09/13/17
FBCO
09/13/17
NO CHANGE
FBCO
Apple launch mostly as expected, says Credit Suisse
Credit Suisse analyst John Pitzer notes that Apple (AAPL) has announced four product updates largely in-line with expectations, and points out that semi companies in his coverage universe with exposure to Apple include Broadcom (AVGO), Micron (MU) and Texas Instruments (TXN).
09/12/17
GSCO
09/12/17
UPGRADE
Target $40
GSCO
Buy
Micron upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Mark Delaney upgraded Micron Technology (MU) to Buy post today's close and raised his price target for the shares to $40 from $33. The chipmaker closed the trading day up 85c to $34.29. DRAM pricing could rise in Q4 and the cycle could remain tight in 2018, Delaney tells investors in a research note. He believes upside to consensus earnings estimates and the stock's "discount" multiple could drive 20% share appreciation. Delaney after the close also downgraded ON Semiconductor (ON) to Neutral.
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.
09/12/17
SBSH
09/12/17
NO CHANGE
Target $45
SBSH
Buy
Citi still sees upside to Micron's August quarter guidance
PC data points remain strong as August Taiwan notebook shipments were in-line with expectations while DRAM contract prices increased sequentially, Citi analyst Christopher Danely tells investors in a research note. The analyst continues to expect upside to Micron's August quarter guidance. He reiterates a Buy rating and $45 price target on Micron.
TER Teradyne
$36.10

0.36 (1.01%)

09/05/17
KEYB
09/05/17
NO CHANGE
Target $40
KEYB
Overweight
Cobots could generate over $1B in revenue annually for Teradyne, says KeyBanc
KeyBanc analyst Weston Twigg says recent checks suggest that Teradyne's Universal Robots platform continues to dominate the cobot segment, and that adoption could accelerate as the technology gains traction. The analyst thinks cobots could generate over $1B in revenue annually for the company by 2021, up sharply from $100M in 2016. He reiterates an Overweight rating and $40 price target on the shares.
07/27/17
07/27/17
UPGRADE
Target $40

Overweight
Teradyne upgraded on increased test demand expectations at KeyBanc
As previously reported, KeyBanc analyst Weston Twigg upgraded Teradyne to Overweight from Sector Weight, as he thinks semiconductor test demand should continue to grow while the company is able to take additional share. Also, he believes Teradyne is establishing a "strong competitive moat" in its collaborative robot business. Twigg has a $40 price target on Teradyne shares.
07/28/17
DADA
07/28/17
NO CHANGE
DADA
Teradyne should be bought on weakness, says DA Davidson
DA Davidson analyst Thomas Diffely says that Teradyne reported "strong beat and raise" results. The analyst blames the decline in the stock on a quarter-over-quarter decline in orders of the company's Universal Robot in Q2. However, he says that this development is minor and he accepts the company's explanation that a planned price increase resulted in higher orders in Q1 and lower orders in Q2. The analyst recommends buying the stock on weakness.
07/28/17
COWN
07/28/17
NO CHANGE
Target $41
COWN
Outperform
Teradyne weakness a buying opportunity, says Cowen
Cowen analyst Timothy Arcuri said the weakness in Teradyne is a buying opportunity as he believes the stock is in the early innings of what could be a long re-rating cycle. The analyst noted estimates did not go up but commentary suggest Q4 is fine as structural headwinds are abating. The company is deploying its cash position in a value-accretive way, and the stock is inexpensive, added Arcuri, who reiterated his Outperform rating and $41 price target on Teradyne shares.
AVGO Broadcom
$247.14

-0.6 (-0.24%)

09/12/17
JPMS
09/12/17
NO CHANGE
Target $315
JPMS
Overweight
JPMorgan still confident Apple will integrate Broadcom's wireless charging
Ahead of today's next generation iPhone announcement, JPMorgan analyst Harlan Sur says he remains confident that Apple (AAPL) will integrate Broadcom's (AGO) wireless charging chip into the next iPhone family in the second half of 2017. Broadcom commenced manufacturing production of the chip back in late June with its foundry partners, Sur tells investors in a research note. The analyst is also confident that Apple will also use Broadcom's next generation Wi-Fi/Bluetooth combo chip which enables simultaneous Wi-Fi data transmit/receive on both 2.4Ghz/5Ghz bands and the new Bluetooth 5.0 standard. He sees at least a $3-$4 step-up, or 40%-45% increase, in dollar content for Broadcom in the new iPhone relative to last year's models. Sur reiterates an Overweight rating on Broadcom with a $315 price target.
09/13/17
KEYB
09/13/17
NO CHANGE
KEYB
Apple new iPhone 8/X launch largely in-line with expectations, says KeyBanc
KeyBanc analyst John Vinh says that the incremental features and enhancements associated with the new Apple (AAPL) iPhones announced are largely in-line with expectations. The analyst points out that Apple announced three new phones, with key features including facial identification, removal of the home button on the iPhone X, wireless charging, and fast charging. Vihn sees the new phone launch as most positive for Broadcom (AVGO), Cypress Semiconductor (CY), Integrated Device (IDTI), and Skyworks (SWKS).
QRVO Qorvo
$72.95

0.32 (0.44%)

09/05/17
NOMU
09/05/17
INITIATION
Target $75
NOMU
Neutral
Qorvo initiated with a Neutral at Nomura Instinet
Krysten Sciacca initiated Qorvo with a Neutral and a $75 price target due to recent execution issues.
09/06/17
NOMU
09/06/17
INITIATION
Target $75
NOMU
Neutral
Qorvo initiated with a Neutral at Nomura Instinet
Nomura Instinet analyst Krysten Sciacca started Qorvo with a Neutral rating and $75 price target. The analyst says the company's "mixed" track record on execution keeps her on the sidelines.
08/02/17
OPCO
08/02/17
NO CHANGE
OPCO
Supply chain to react positively following Apple results, says Oppenheimer
Oppenheimer analyst Rick Schafer expects the Apple (AAPL) supply chain to react positively, as Apple's guidance likely implies limited impact from any possible launch/production delays. Within the company's supply chain, the analyst continues to prefer content increase stories helping insulate from any demand softness versus expectations. His top picks in the Apple supply chain are content-driven growth stories Broadcom (AVGO) and Skyworks (SWKS). Schafer remains on the sidelines on Cirrus Logic (CRUS) and Qorvo (QRVO) heading into their respective prints tomorrow.
SWKS Skyworks
$106.87

-0.32 (-0.30%)

09/05/17
SBSH
09/05/17
UPGRADE
Target $125
SBSH
Buy
Skyworks upgraded to Buy from Sell at Citi
Citi analyst Atif Malik double upgraded Skyworks Solutions to Buy from Sell and raised his price target for the shares to $125 from $90. The shares offer an "attractive play" on increasing RF semiconductor dollar content for 5G deployments, which should pick up over next three years, Malik tells investors in a research note titled "Backing up the Minivan; U/G to BUY on 5G Appeal & Stable Margins."
09/06/17
NOMU
09/06/17
INITIATION
Target $115
NOMU
Buy
Skyworks initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Krysten Sciacca started Skyworks with a Buy rating and $115 price target. The analyst views the iPhone 8 launch as a catalyst in the second half of 2017 and thinks the stock at current levels underappreciates the company's longer term growth prospects.
OLED Universal Display
$132.40

0.1 (0.08%)

05/05/17
GSCO
05/05/17
NO CHANGE
Target $125
GSCO
Buy
Universal Display price target raised to $125 from $100 at Goldman Sachs
Goldman Sachs analyst Brian Lee noted Universal Display raised its 2017 sales view by 10%-15% along with its Q1 beat, adding that is guidance may still be conservative. With Universal Display's EPS power coming into focus, Lee raised his price target on the stock to $125 from $100 and keeps a Buy rating on the shares.
08/30/17
08/30/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. BioMarin (BMRN) initiated with a Buy at Citi. 2. Universal Display (OLED) initiated with a Buy at Deutsche Bank. 3. RE/MAX Holdings (RMAX) initiated with a Buy at Craig-Hallum. 4. Momo (MOMO) initiated with a Buy at Standpoint Research. 5. Community Bankers Trust (ESXB) initiated with a Hold at Sandler O'Neill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/30/17
DBAB
08/30/17
INITIATION
Target $135
DBAB
Buy
Universal Display initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Sidney Ho started Universal Display with a Buy rating and $135 price target. The company is a pure-play on organic LED, which is one of the fastest growing segments in hardware technology, the analyst contends.
05/05/17
CRSS
05/05/17
UPGRADE
CRSS
Buy
Universal Display upgraded to Buy from Hold at Cross Research

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Alphabet

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Alphabet Class A

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EGO

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$2.26

0.02 (0.89%)

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APRN

Blue Apron

$5.19

-0.04 (-0.76%)

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TMO

Thermo Fisher

$188.30

0.39 (0.21%)

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CUB

Cubic

$51.60

4.8 (10.26%)

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GLW

Corning

$30.05

-0.05 (-0.17%)

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ALSSF

Alsea

$3.53

-0.1382 (-3.77%)

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STAA

STAAR Surgical

$10.90

0.05 (0.46%)

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RIG

Transocean

$9.32

0.24 (2.64%)

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ZG

Zillow

$38.93

-0.93 (-2.33%)

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AMAT

Applied Materials

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Agnico Eagle

$46.74

0.6 (1.30%)

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Delek US

$25.70

0.25 (0.98%)

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Cellect Biotechnology

$8.28

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LPX

Louisiana-Pacific

$28.44

0.53 (1.90%)

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CTSO

CytoSorbents

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CRMD

CorMedix

$0.47

0.048 (11.37%)

07:20
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07:20
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General news
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TWTR

Twitter

$17.61

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NBLX

Noble Midstream

$50.36

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$27.02

0.07 (0.26%)

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