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AMD

AMD

$12.94

0.29 (2.29%)

, MU

Micron

$43.95

1.07 (2.50%)

06:56
01/24/18
01/24
06:56
01/24/18
06:56

AMD taps former Nvidia, Synaptics execs for graphics chip division, VB reports

Advanced Micro Devices (AMD) has hired Mike Rayfield, a former executive at Micron (MU) and Nvidia (NVDA), and David Wang, formerly of Synaptics (SYNA), for senior executive roles at its graphic chips unit Radeon Technologies Group, Venture Beat reports. Rayfield will serve as SVP and general manager of Radeon responsible for strategy and business management as well as semi-custom products while Wang will serve as SVP of engineering at the division responsible for graphics engineering, including technical strategy, architecture, hardware and software for AMD graphics products. Rayfield and Wang replace Raja Koduri, former AMD graphics chief, who left the team to join Intel (INTC) in November. Reference Link

AMD

AMD

$12.94

0.29 (2.29%)

MU

Micron

$43.95

1.07 (2.50%)

NVDA

Nvidia

$238.91

5.22 (2.23%)

SYNA

Synaptics

$44.90

-0.45 (-0.99%)

INTC

Intel

$46.06

0.31 (0.68%)

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AMD AMD
$12.94

0.29 (2.29%)

01/12/18
BERN
01/12/18
NO CHANGE
BERN
Predicting semiconductor demand for Ethereum challenging, says Bernstein
Bernstein analyst Mark Li said that predicting the semiconductor demand for Ethereum is challenging, but he estimates mining GPU demand may fall about 30% year-over-year if Ether prices and mining margins both stay constant. However, semiconductor demand would increase "very rapidly" if Ether prices continue rising. Should the price rise to $5,000 and miners maintain similar margins, mining GPU demand would more than quadruple, theoretically representing as much as 13% upside to NVIDIA (NVDA) revenue in 2018 and 23% of AMD's (AMD), barring supply constraints, Li estimates. Consensus already appears to model a very sharp decline in NVIDIA's crypto-specific revenues, but clarity on what is in AMD models "is harder to say," Li added. He thinks the impact of Ethereum on TSMC (TSM) and memory makers such as Micron (MU) is negligible, noting that they are exposed to much broader applications and bigger markets.
01/18/18
SUSQ
01/18/18
NO CHANGE
Target $13
SUSQ
Neutral
AMD price target lowered to $13 on Ethereum-related risks at Susquehanna
Susquehanna analyst Christopher Rolland estimates that AMD (AMD) and Nvidia (NVDA) likely benefited from more than $500M in Ethereum-related GPU sales in Q4 and believes this trend continued in the first few weeks of 2018. Given this, and the still-high mining profitability for the cryptocurrency despite the recent drop in coin price, Rolland sees potential for upside to both AMD's and Nvidia's calendar fourth quarter results and perhaps their near-term guidance as well. However, he sees substantial longer-term risks for both as mining profitability may have induced "false purchases" of more and higher-priced cards, Rolland tells investors. Citing this risk, he cut his price target on AMD to $13 from $15, as he believes it may be more impacted by false purchases than Nvidia if Ethereum prices decline. Rolland keeps Neutral ratings on both AMD and Nvidia.
01/19/18
BNCH
01/19/18
NO CHANGE
Target $80
BNCH
Buy
Mellanox price target increased to $80 from $70 at Benchmark
Benchmark analyst Gary Mobley raised his price target on Mellanox (MLNX) shares to $80 from $70 following the company's Q4 report as he increased his FY18 and FY19 estimates based on his expectations for a return to top-line growth, driven by ramping 25Gbps Ethernet NIC/switch sales, a more normal storage market, server processor product cycles from Intel (INTC) and AMD (AMD) and Infiniband share gains. Mobley keeps a Buy rating on Mellanox.
01/23/18
MSCO
01/23/18
NO CHANGE
MSCO
AMD, Nvidia estimates raised on Ethereum strength at Morgan Stanley
Morgan Stanley analyst Joseph Moore noted that he had previously expected Ethereum mining revenue for graphics vendors to decelerate meaningfully starting in Q4. However, Ethereum then rallied to a high of $1200 before settling back to the current price near $940, which drove more mining activity than expected, he tells investors. Given this, and the fact that revenue per GPU per day has rebounded meaningfully, he has increased his revenue estimates for current and next quarter for both AMD (AMD) and Nvidia (NVDA) by $100M each. While sequential growth in Ethereum would "certainly drive substantial upside to the quarter, even higher than whispers" for AMD, he sees this masking some weakness in the uptake of desktop and notebook processors. For Nvidia, Moore sees the strength as less of a driver, but believes it will help the company get through what is normally a seasonally tougher period. Moore keeps an Underweight rating on AMD and Equal Weight rating on Nvidia.
MU Micron
$43.95

1.07 (2.50%)

01/16/18
MZHO
01/16/18
NO CHANGE
Target $50
MZHO
Buy
Micron pullback a buying opportunity, says Mizuho
Mizuho sees the pullback in Micron (MU) shares as a buying opportunity as it believes DRAM and NAND pricing remains stable, while stronger memory pricing and tight inventory commentary from PC ODMs are also positive for the company. While Micron and Intel (INTC) announced they would part ways at Gen4 3D-NAND, the firm considers it unlikely the latter would share crucial DRAM/NAND manufacturing technology with Tsinghua. Mizuho reiterates a Buy rating and $50 price target on Micron's shares.
01/11/18
NEED
01/11/18
NO CHANGE
Target $76
NEED
Buy
Report caused confusion about Micron, Intel 3D NAND pact, says Needham
Following a media report about Micron (MU) and Intel (INTC) parting ways in the co-development of 3D NAND, Needham analyst Rajvindra Gill spoke with Micron CFO Ernie Maddok at CES. Gill believes the report caused some confusion and he said the only change to their NAND agreement is that the two companies will go their separate ways in the development of fourth generation 3D NAND IP. Micron management's view is this is a "no-brainer," as being able to develop unique IP should allow the company to broaden its addressable market by 2021, said Gill, who added that the current pact is very strict on the usage of the co-developed IP and he sees no risk of Intel licensing to Chinese manufacturers. The analyst, who also believes current NAND pricing decline concerns are overblown, keeps a Buy rating and $76 price target on Micron shares.
01/05/18
KEYB
01/05/18
NO CHANGE
KEYB
KeyBanc calls memory checks mixed entering Q1
KeyBanc analyst Weston Twigg says his memory contacts maintain a mixed view on memory pricing this year, with DRAM likely up moderately and NAND down. The analyst continues to expect limited new DRAM supply until later this year, creating a tight supply/demand environment, and "substantial" new NAND capacity coming online in the first half of the year, driving lower pricing. He views DRAM strength as positive for Micron (MU), and NAND softness as a potential negative for Micron, Western Digital (WDC) and Seagate (STX).
NVDA Nvidia
$238.91

5.22 (2.23%)

01/19/18
BOFA
01/19/18
NO CHANGE
Target $275
BOFA
Buy
Nvidia price target raised to $275 from $251 at BofA/Merrill
BofA Merrill Lynch analyst Vivek Arya raised his calendar 2018 EPS estimate for Nvidia (NVDA) by 5% and his calendar 2019 estimate by about 10%, citing December online gamer data that points to a large upgrade opportunity for Nvidia cards, upside in high performance computing that was highlighted in TSMC's (TSM) Q4 report and continued strength in cryptocurrency and Nintendo (NTDOY) Switch sale. Arya increased his price target on Nvidia shares to $275 from $251 and keeps a Buy rating on Nvidia, which he continues to identify as a top pick.
01/18/18
KEYB
01/18/18
NO CHANGE
KEYB
Cost savings emerge as 'killer app' for artificial intelligence, says KeyBanc
Over the past 35 days, KeyBanc analyst Brent Bracelin hosted meetings at Adobe (ADBE), Autodesk (ADSK), Algorithmia, Cloudera (CLDR), Coupa (COUP), Facebook (FB), Guidewire (GWRE), Netflix (NFLX), NVIDIA (NVDA), Salesforce (CRM), SAP, Synopsys (SNPS), Twilio (TWLO), Tableau (DATA), Talend (TLND), Veeva (VEEV), Workday (WDAY), and Zendesk (ZEN) as part of an AI & Cloud-themed field trip. The analyst notes that cost savings have emerged as the "killer app" for artificial intelligence, and large enterprise interest in migrating back-office apps to cloud has been slow, but is picking up, conversational AI and bot activity is yielding real cost savings. Further, Bracelin sees 2018 as a defining year for enterprise AI applications, and is most impressed by enterprise AI initiatives at Microsoft (MSFT), Zendesk, Guidewire, and Adobe.
SYNA Synaptics
$44.90

-0.45 (-0.99%)

12/08/17
OPCO
12/08/17
UPGRADE
OPCO
Perform
Synaptics upgraded to Perform from Underperform at Oppenheimer
12/08/17
OPCO
12/08/17
UPGRADE
OPCO
Perform
Oppenheimer says negatives priced in, upgrades Synaptics to Perform
Oppenheimer analyst Andrew Uerkwitz upgraded Synaptics to Perform from Underperform saying near-term downside is limited. Negative catalysts like share loss at Samsung and Apple are well understood and mostly priced in, Uerkwitz tells investors in a research note. The analyst, however, maintains a fundamental negative view of the company's market position and mobile opportunities.
12/08/17
OTRG
12/08/17
NO CHANGE
OTRG
Synaptics likely lost Samsung S9 fingerprint sensor, says OTR Global
OTR Global's checks indicate Synaptics (SYNA) has lost the fingerprint sensor in Samsung's upcoming Galaxy S9 smartphone.
01/12/18
KEYB
01/12/18
UPGRADE
Target $60
KEYB
Overweight
Synaptics upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst John Vinh upgraded Synaptics to Overweight with a $60 price target. Meetings at this year's Consumer Electronics Show with supply partners and competitors left the analyst "incrementally more positive" regarding Synaptics' opportunity associated with in-display fingerprint. Vinh also gained a greater appreciation for the company's smart home opportunity, at both Amazon (AMZN) and Google (GOOG) as well as with Asia operators. He now has greater confidence in Synaptics' turnaround story.
INTC Intel
$46.06

0.31 (0.68%)

01/12/18
MACQ
01/12/18
NO CHANGE
Target $51
MACQ
Outperform
Intel pullback an 'excellent opportunity,' says Macquarie
Macquarie analyst Srini Pajjuri continues to believe the impact from Meltdown/Spectre security issue to near-term financials is small. In fact, the analyst believes a slightly faster replacement of older PCs/servers is more likely than any share losses and/or delayed customer purchases. Pajjuri said ODMs and server component vendors are not seeing any delays/changes to customer buying patterns due to the Security issue. Further, there are also no indications of any price cuts, although he wouldn't be surprised to see Intel offer some concessions as a goodwill gesture down the road. The analyst said the pullback in Intel shares is an "excellent opportunity' to accumulate shares and reiterates an Outperform rating and $51 price target.

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TSLA

Tesla

$347.49

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CarMax

$71.05

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SPDR S&P 500 ETF Trust

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Periodicals
Apple challenges four patents held by Qualcomm at USPTO, Bloomberg says »

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Apple

$185.48

-1.06 (-0.57%)

QCOM

Qualcomm

$58.76

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Xerox

$26.45

-0.8 (-2.94%)

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Fujifilm

$0.00

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19:19
06/21/18
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19:19
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19:19
Periodicals
Xerox judge rejects Fuji request to end deal vote injunction, Bloomberg says »

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XRX

Xerox

$26.45

-0.8 (-2.94%)

FUJIY

Fujifilm

$0.00

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EADSY

Airbus

$0.00

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TNDM

TNDM

, MDT

Medtronic

$86.29

0.11 (0.13%)

19:00
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19:00
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On The Fly: After Hours Movers »

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TNDM

MDT

Medtronic

$86.29

0.11 (0.13%)

RHT

Red Hat

$165.62

-3.64 (-2.15%)

VMW

VMware

$152.08

-0.07 (-0.05%)

SPLK

Splunk

$113.06

-2.8 (-2.42%)

SGH

Smart Global

$39.79

-0.72 (-1.78%)

TCS

Container Store

$8.73

0.08 (0.92%)

LRCX

Lam Research

$176.01

1.54 (0.88%)

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BDRBF

Bombardier

$0.00

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, ERJ

Embraer

$25.48

-0.2 (-0.78%)

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Bombardier sees CRJ 900 winning 'half or more' of market share, Reuters says »

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BDRBF

Bombardier

$0.00

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ERJ

Embraer

$25.48

-0.2 (-0.78%)

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WOW

WideOpenWest

$9.44

-0.2497 (-2.58%)

18:37
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WideOpenWest initiated at B. Riley FBR »

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CABO

Cable One

$716.20

-2.81 (-0.39%)

18:37
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18:37
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Cable One initiated at B. Riley FBR »

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FOXA

21st Century Fox

$48.34

0.24 (0.50%)

, DIS

Disney

$105.89

-1.39 (-1.30%)

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Disney offers to divest Fox assets generating up to $1B in EBITDA »

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FOXA

21st Century Fox

$48.34

0.24 (0.50%)

DIS

Disney

$105.89

-1.39 (-1.30%)

CMCSA

Comcast

$32.80

-0.595 (-1.78%)

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MDT

Medtronic

$86.29

0.11 (0.13%)

18:29
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Medtronic announces FDA approval of MiniMed 670G system »

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AEO

American Eagle

$25.27

0.615 (2.49%)

18:23
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American Eagle director Page sells 44,000 common shares »

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GOOG

Alphabet

$1,157.63

-11.75 (-1.00%)

, GOOGL

Alphabet Class A

$1,169.56

-14.27 (-1.21%)

18:19
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18:19
Periodicals
YouTube to let content creators sell monthly subscriptions, Bloomberg says »

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GOOG

Alphabet

$1,157.63

-11.75 (-1.00%)

GOOGL

Alphabet Class A

$1,169.56

-14.27 (-1.21%)

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NMR

Nomura

$4.85

-0.075 (-1.52%)

18:09
06/21/18
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Periodicals
Nomura to cut 40 global markets traders in the U.S., Bloomberg says »

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GLD

SPDR Gold Trust

$120.06

-0.2 (-0.17%)

18:02
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18:02
Hot Stocks
SPDR Gold Trust holdings fall to 824.63MT from 828.76MT »

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WFC

Wells Fargo

$54.37

-0.13 (-0.24%)

17:50
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Wells Fargo said to let go of 10 analysts to cut costs, Bloomberg reports »

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FOXA

21st Century Fox

$48.34

0.24 (0.50%)

, DIS

Disney

$105.89

-1.39 (-1.30%)

17:47
06/21/18
06/21
17:47
06/21/18
17:47
Periodicals
Breaking Periodicals news story on 21st Century Fox, Disney, Comcast »

Disney to double asset…

FOXA

21st Century Fox

$48.34

0.24 (0.50%)

DIS

Disney

$105.89

-1.39 (-1.30%)

CMCSA

Comcast

$32.80

-0.595 (-1.78%)

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ENTA

Enanta

$118.81

3.54 (3.07%)

17:45
06/21/18
06/21
17:45
06/21/18
17:45
Conference/Events
Enanta management to meet with Oppenheimer »

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TNTR

Tintri

$0.20

0.0369 (22.38%)

17:32
06/21/18
06/21
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17:32
Hot Stocks
Tintri receives Nasdaq noncompliance notice from 10-Q filing delay »

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CUE

Cue Biopharma

$12.41

0.18 (1.47%)

17:25
06/21/18
06/21
17:25
06/21/18
17:25
Syndicate
Breaking Syndicate news story on Cue Biopharma »

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