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AVGO

Broadcom

$263.25

-1.04 (-0.39%)

, QCOM

Qualcomm

$68.25

2.87 (4.39%)

14:51
01/17/18
01/17
14:51
01/17/18
14:51

Broadcom tells Bloomberg FTC review 'immaterial to business'

In an emailed statement to Bloomberg, Broadcom (AVGO) confirmed the FTC review, but called it "immaterial" to its business, stating that the review does not concern its wireless unit and will have no impact on its bid to acquire Qualcomm (QCOM).

AVGO

Broadcom

$263.25

-1.04 (-0.39%)

QCOM

Qualcomm

$68.25

2.87 (4.39%)

AVGO Broadcom
$263.25

-1.04 (-0.39%)

01/08/18
KEYB
01/08/18
DOWNGRADE
KEYB
Sector Weight
Cirrus Logic downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst John Vinh downgraded Cirrus Logic (CRUS) to Sector Weight citing his "disappointment" with the current iPhone cycle and the lack of meaningful content gains until 2019. While iPhone X supply has improved meaningfully and remains very lean, feedback indicates sell-through has been somewhat disappointing, Vinh tells investors in a research note following his monthly surveys. The analyst recommends investors continue to own Apple (AAPL), Broadcom (AVGO) and Skyworks (SWKS).
01/12/18
COWN
01/12/18
NO CHANGE
COWN
Cowen remains cautious near-term on Apple supply chain
Cowen analyst Karl Ackerman said he remains cautious near-term on the Apple (AAPL) supply chain following his review of the iPhone builds for calendar Q4. He said final iPhone builds held up well versus expectations, but he said his work reveals less of a tailwind from new iPhones versus 30 days ago. Ackerman previously cut his estimates on supply chain names Broadcom (AVGO), Qorvo (QRVO), and Skyworks (SWKS) and remains cautious on the names.
01/16/18
NOMU
01/16/18
UPGRADE
Target $75
NOMU
Buy
Qualcomm upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Romit Shah upgraded Qualcomm (QCOM) to Buy and raised his price target for the shares to $75 from $58. The chipmaker closed Friday down 5c to $65.38. With Broadcom's (AVGO) hostile takeover attempt now analogous to a "gun to the head," Qualcomm management is likely to more aggressively focus on driving shareholder value in order to remain a standalone franchise, Shah tells investors in a research note. He believes potential drivers include closing the NXP Semiconductors (NXPI) acquisition and settling the legal dispute with Apple (AAPL). He sees these catalysts played out over the next two quarters.
01/17/18
ADAM
01/17/18
NO CHANGE
Target $86
ADAM
Buy
Qualcomm target raised to $86 at Canaccord after case made to remain independent
Canaccord analyst T.Michael Walkley noted Qualcomm management presented their case as to why the company should remain independent, including plans for value creation that includes a $1B cost reduction program, an earnings increase due to settling licensing disputes, and demonstrating its leadership in 5G that should continue to grow long-term revenues. Walkley reiterated his Buy rating and raised his price target to $86 from $83 on Qualcomm shares following the company's new guidance.
QCOM Qualcomm
$68.25

2.87 (4.39%)

12/15/17
JPMS
12/15/17
NO CHANGE
JPMS
JPMorgan sees opportunities in Wireless Semiconductors, prefers Qorvo
JPMorgan analyst Bill Peterson believes the recent pullback in Wireless Semiconductor names, specifically Apple-exposed stocks, creates a good opportunity for investors to take long positions. The analyst sees the most upside in Qorvo (QRVO). He believes fears of production cuts and demand weakness are overblown. The December quarter and outlook for the March quarter are tracking to company expectations that have been built on conservative prospects for smartphone demand, Peterson tells investors in a research note.
01/16/18
01/16/18
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. Qualcomm (QCOM) upgraded to Buy from Neutral at Nomura Instinet with analyst Romit Shah saying with Broadcom's (AVGO) hostile takeover attempt now analogous to a "gun to the head," Qualcomm management is likely to more aggressively focus on driving shareholder value in order to remain a standalone franchise. 2. Twitter (TWTR) upgraded to Buy from Sell at Aegis with analyst Victor Anthony saying he believes 2018 will be an inflection point in owned and operated advertising for Twitter and he sees a return to double-digit growth in that area in 2019. 3. Procter & Gamble (PG) upgraded to Neutral from Sell at Goldman Sachs with analyst Jason English saying he no longer sees enough downside to estimates to drive material underperformance for the stock. 4. Northrop Grumman (NOC) and Curtiss-Wright (CW) were upgraded to Outperform from Market Perform at Wells Fargo. 5. Ciena (CIEN) was upgraded to Buy from Neutral at Goldman Sachs, while Adtran (ADTN) was upgraded to Neutral from Sell. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

VRSK

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ANW

Aegean Marine

18:47
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Aegean Marine sees Q4 EPS (69c) with items, consensus 5c »

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ANW

Aegean Marine

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Aegean Marine to acquire H.E.C. Europe for approximately $367M »

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TAHO

Tahoe Resources

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PCH

Potlatch

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Potlatch, Deltic Timber completer merger, change name to PotlatchDeltic »

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PCH

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DEL

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NGD

New Gold

$2.58

-0.05 (-1.90%)

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NGD

New Gold

$2.58

-0.05 (-1.90%)

17:57
02/20/18
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17:57
Earnings
New Gold reports Q4 adjusted EPS 6c, consensus 1c »

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PSA

Public Storage

$186.31

-2.44 (-1.29%)

17:48
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17:48
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Earnings
Public Storage reports Q4 adjusted FFO $2.75, consensus $2.72 »

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HAIN

Hain Celestial

$34.68

-0.8 (-2.25%)

17:38
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Breaking Hot Stocks news story on Hain Celestial »

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  • 20

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ESNT

Essent Group

$46.84

-0.39 (-0.83%)

17:38
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Syndicate
Breaking Syndicate news story on Essent Group »

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DHCP

Ditech

$10.57

0.34 (3.32%)

17:33
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Breaking Hot Stocks news story on Ditech »

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SIEN

Sientra

$11.21

0.08 (0.72%)

17:32
02/20/18
02/20
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17:32
Syndicate
Sientra enters into $50M At-the-Market equity offering sales agreement »

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ENLK

EnLink Midstream Partners

$16.36

0.03 (0.18%)

17:30
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Earnings
EnLink Midstream Partners reports Q4 EPS 10c, consensus 6c »

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ENLC

EnLink Midstream

$16.90

0.15 (0.90%)

17:28
02/20/18
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Earnings
EnLink Midstream reports Q4 EPS $1.12 with items, consensus 17c »

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HAIN

Hain Celestial

$34.68

-0.8 (-2.25%)

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PGH

Pengrowth Energy

$0.73

0.0072 (0.99%)

17:17
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DVN

Devon Energy

$34.65

0.54 (1.58%)

17:15
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Devon Energy sees accelerating growth in Delaware Basin in early FY18 »

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FTK

Flotek

$5.59

0.06 (1.09%)

17:15
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Earnings
Flotek reports Q4 EPS (15c), two estimate consensus 3c »

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RCII

Rent-A-Center

$8.93

-0.62 (-6.49%)

17:14
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Rent-A-Center sees FY18 free cash flow if at least $130M »

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DVN

Devon Energy

$34.65

0.53 (1.55%)

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RCII

Rent-A-Center

$8.93

-0.62 (-6.49%)

17:12
02/20/18
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Earnings
Rent-A-Center reports Q4 EPS (41c) ex-items, consensus (7c) »

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  • 21

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DVN

Devon Energy

$34.65

0.54 (1.58%)

17:12
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Earnings
Devon Energy reports Q4 adjusted EPS 38c, consensus 63c »

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GSS

Golden Star Resources

$0.73

-0.0013 (-0.18%)

17:07
02/20/18
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Earnings
Golden Star Resources reports Q4 EPS 4c, consensus 2c »

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  • 21

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RAS

RAIT Financial

$0.44

-0.031 (-6.56%)

17:04
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RAIT Financial concludes strategic, alternative review process »

RAIT Financial Trust…

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MSA

MSA Safety

$76.46

-1.14 (-1.47%)

17:02
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MSA Safety expects tailwind from U.S. tax reform during FY18 »

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