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MKSI

MKS Instruments

$105.15

-0.35 (-0.33%)

, BRCD

Brocade

04:55
11/22/17
11/22
04:55
11/22/17
04:55

MKS Instruments to replace Brocade in S&P 400 at open on 11/22

S&P 500 constituent Broadcom (AVGO) acquired Brocade Communications Systems (BRCD) in a deal completed on November 17.

MKSI

MKS Instruments

$105.15

-0.35 (-0.33%)

BRCD

Brocade

AVGO

Broadcom

$276.59

1.71 (0.62%)

  • 06

    Dec

MKSI MKS Instruments
$105.15

-0.35 (-0.33%)

01/24/17
DOTC
01/24/17
UPGRADE
DOTC
Buy
MKS Instruments upgraded to Buy from Neutral at Dougherty
07/05/17
DBAB
07/05/17
INITIATION
Target $84
DBAB
Buy
MKS Instruments initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Sidney Ho started MKS Instruments with a Buy rating and $84 price target. The analyst views the recent pullback in shares as a buying opportunity and believes the Street is underestimating the company's ability to drive margin expansion and deleverage its balance sheet.
07/10/17
SBSH
07/10/17
NO CHANGE
Target $92
SBSH
Buy
MKS Instruments added to SMID Focus List at Citi
Citi analyst Scott Chronert added MKS Instruments to his firm's SMID Focus List following the recent 20% pullback in the shares. The upcoming Semicon West show and Q2 earnings results should reinforce the growth thesis, Chronert tells investors in a research note. He has a Buy rating on the shares with a $92 price target.
10/04/17
DADA
10/04/17
NO CHANGE
DADA
MKS Instruments results likely to beat consensus estimates, says DA Davidson
DA Davidson analyst Thomas Diffely says that consensus estimates for MKS Instruments are too low, as he believes that they "reflect a seasonal slowdown and below average growth in 2018" that are unlikely to materialize. He is upbeat on the longer term outlook for the semiconductor equipment industry and the laser industry. Diffely increased his estimates for MKS and raised his price target on the shares to9 $110 from $100 while keeping a Buy rating on the stock.
BRCD Brocade

11/06/17
KEYB
11/06/17
NO CHANGE
KEYB
Broadcom bid for Qualcomm would be impressive 'masterpiece,' says KeyBanc
KeyBanc analyst John Vinh notes that the Wall Street Journal reported that Broadcom (AVGO) is contemplating an unsolicited bid to acquire Qualcomm (QCOM) for $70/share. The analyst believes this deal would make sense, as he sees significant cost synergies and the opportunity for Broadcom to leverage its healthy relationship with Apple (AAPL) to mend the current strife between Qualcomm and Apple. Additionally, Vinh thinks this deal would be meaningfully accretive to Broadcom and could drive consolidated EPS of $22.97, which would imply fair value of $350.In his M&A scenario analysis, the analyst is assuming Qualcomm backs out of its bid for NXP Semiconductors (NXPI) and Broadcom looks to divest QTL and closes on its acquisition of Brocade (BRCD). In terms of implications, he views as Positive for Cavium's (CAVM) ThunderX business.
11/03/17
JPMS
11/03/17
NO CHANGE
Target $315
JPMS
Overweight
JPMorgan sees at least 50% dividend raise coming from Broadcom
JPMorgan analyst Harlan Sur says Broadcom's (AVGO) U.S. domiciliation process will occur with or without tax reform, which should pave the way for the Brocade (BRCD) deal to close in two weeks. Assuming a worst case of no tax reform, the analyst estimates the company's earnings power including the contribution from Brocade will be $18.00-$18.50 in 2018. Assigning a Semiconductor group price-to-earnings multiple would drive fair value for Broadcom to around $310 to $315 per share, Sur tells investors in a research note. Further, citing strong near-term demand trends, the analyst remains confident management raising the annual dividend by at least 50% to $6.00 in early December. He keeps an Overweight rating on Broadcom shares with a $315 price target. The stock closed yesterday up 21c to $259.50 after announcing its move back to the U.S.
11/02/17
BOFA
11/02/17
NO CHANGE
BOFA
Broadcom U.S. move could remove Brocade overhang, says BofA/Merrill
BofA Merrill Lynch estimates moving its domicile to the U.S. could raise Broadcom's (AVGO) tax rates from 4%-5% to about 12%, but the firm thinks this could be offset by potential Brocade (BRCD) synergies. The firm keeps a Buy rating on Broadcom, arguing that the reasons to own the stock - namely its premium assets, best-in-class management, and dividend potential - remain intact. The firm adds that being in the U.S. could be a precondition to acquiring Brocade and may enable Broadcom to pursue future M&A.
08/21/17
OPCO
08/21/17
NO CHANGE
Target $275
OPCO
Outperform
Oppenheimer remains a buyer of Broadcom ahead of results
Oppenheimer analyst Rick Schafer notes Broadcom (AVGO) reports Q3 results Thursday and sees upside to consensus revenue/EPS estimates. Furthermore, the analyst sees near-term momentum driven by the company's wired segment as Jericho/Tomahawk routing/switching products ramp, supporting cloud/DC demand and a continued shift to merchant silicon. Schafer expects the Brocade (BRCD) acquisition to be about $1-plus accretive, yet small enough for continued capital return growth and/or additional M&A. He reiterates an Outperform rating and $275 price target on Broadcom's shares.
AVGO Broadcom
$276.59

1.71 (0.62%)

11/14/17
NOMU
11/14/17
NO CHANGE
NOMU
Qualcomm holders likely compelled by $80 per share offer, says Nomura
A takeover offer of $80 per share or higher by Broadcom (AVGO) would be perceived as "highly compelling" to Qualcomm's (QCOM) largest shareholders, Nomura Instinet analyst Romit Shah told investors yesterday in a research note. He believes Broadcom "has a lot of leverage" even though Qualcomm expressed no interest in negotiating yesterday when rejecting Broadcom's $70 per share offer. Broadcom is likely to get more aggressive with its bid for Qualcomm, via either the launch of a public exchange offer for all shares or announcing a slate of directors for nomination, Shah contends. The analyst sees more upside in Broadcom than Qualcomm should a deal get consummated. Broadcom can rally 35% to $360 per share while Qualcomm will likely rally 15%-25% to $75-$80 per share in a deal scenario, the analyst estimates.
11/14/17
RBCM
11/14/17
NO CHANGE
Target $77
RBCM
Outperform
Qualcomm price target raised to $77 from $70 at RBC Capital
RBC Capital analyst Amit Daryanani raised his price target on Qualcomm (QCOM) to $77 after yesterday's formal rejection of $70 per share offer from Broadcom (AVGO). Daryanani says the rejection is not a surprise, noting that the next likely steps are for Broadcom to present its offer to shareholders and escalate the process to a proxy battle that may yield a higher bid. The analyst keeps his Outperform rating on Qualcomm, saying investors will likely agree to the Broadcom deal at a higher price of "high $70's to low $80's".
11/20/17
BMOC
11/20/17
NO CHANGE
Target $330
BMOC
Outperform
Broadcom resumed at BMO Capital with Outperform
BMO Capital analyst Ambrish Srivastava resumed coverage of Broadcom (AVGO) with an Outperform rating and a price target of $330, up from $200 when previously covered. Srivastava says the company continues to translate its acquisitions into "meaningful" earnings and free cash flow accretion. The analyst adds that he is positive on Brodcom's "audacious" bid for Qualcomm (QCOM), noting that shares could be valued at $410-$450 if the proposed acquisition goes through, leading to combined-company free cash flows doubling to about $20B.
11/20/17
OPCO
11/20/17
NO CHANGE
Target $30
OPCO
Outperform
Marvell price target raised to $30 from $23 at Oppenheimer
Oppenheimer analyst Rick Schafer raised his price target for Marvell (MRVL) to $30 from $23 after the company announced plans to acquire Cavium (CAVM) in a 50/50 cash/stock transaction valuing the latter at about $84/share. The analyst believes that acquiring Cavium increases Marvell's exposure to the datacenter/networking markets, creating a robust portfolio to better compete against powerhouse Broadcom (AVGO). Schafer sees the deal as a strategic use of Marvell's $1.6B in cash, and says he is bullish on the combination. He reiterates an Outperform rating on Marvell's shares.

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PROV

Provident Financial

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WAL

Western Alliance

$59.31

0.2 (0.34%)

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NOV

National Oilwell

$38.65

0.365 (0.95%)

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XRX

Xerox

$30.42

-0.21 (-0.69%)

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SWN

Southwestern Energy

$4.52

0.055 (1.23%)

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XRX

Xerox

$30.42

-0.21 (-0.69%)

, FUJIY

Fujifilm

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$30.42

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SBSI

Southside Bancshares

$35.31

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WELL

Welltower

$50.01

-0.445 (-0.88%)

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Quality Care Properties

$21.70

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19:01
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MNOV

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SBSI

Southside Bancshares

$35.31

-0.32 (-0.90%)

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SFNC

Simmons First National

$30.38

-0.125 (-0.41%)

18:50
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ISBC

Investors Bancorp

$13.55

-0.05 (-0.37%)

18:46
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Investors Bancorp reports Q1 EPS 20c, consensus 18c »

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BIDU

Baidu

$239.14

7.7 (3.33%)

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OAS

Oasis Petroleum

$10.61

-0.035 (-0.33%)

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Washington Prime

$6.40

0.44 (7.38%)

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Washington Prime

$6.40

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BH

Biglari

$422.15

7.4 (1.78%)

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