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MBLY

Mobileye

, INTC

Intel

$45.20

0.29 (0.65%)

17:28
02/07/18
02/07
17:28
02/07/18
17:28

Mobileye requests withdrawal of registration statement

Mobileye (MBLY) requests that the Registration Statement, File No. 333-206573, be withdrawn in connection with the previously announced tender offer for all of the outstanding ordinary shares, nominal value EURO$0.01, of the company by Cyclops Holdings, a wholly owned subsidiary of Intel (INTC), pursuant to a Purchase Agreement, dated March 12, 2017, by and among the company, Intel and Purchaser.

MBLY

Mobileye

INTC

Intel

$45.20

0.29 (0.65%)

  • 13

    Feb

  • 14

    Feb

  • 20

    Feb

MBLY Mobileye

03/20/17
03/20/17
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. Pivotal Research analyst Brian Wieser downgraded Alphabet (GOOGL) to Hold from Buy citing brand safety concerns and valuation following the recent rally in the shares. News last week that Havas, the sixth largest global media network, is pulling its spending from Google's YouTube and Google Display Network in the U.K. because Google was "unable to provide specific reassurances, policy and guarantees that their video or display content is classified either quickly enough or with the correct filters" is a big deal, Wieser tells investors. 2. Canaccord analyst Lynne Collier downgraded Sonic (SONC) to Hold from Buy, citing challenging industry sales, the potential for Street estimates to be too high in the midst of soft sales, a lack of upcoming catalysts, and increasing competition from non-traditional venues such as convenience stores. 3. Piper Jaffray analyst Alexander Potter downgraded Mobileye (MBLY) to Neutral saying that while demanding a higher buyout price may be justified, he "begrudgingly" concluded that the price Intel (INTC) is paying for the company is fair. The analyst raised his price target for Mobileye shares to $63.54 from $60 to reflect Intel's offer. 4. Susquehanna analyst Sam Poser downgraded Caleres (CAL) citing the company's "disappointing" results and his belief that the company will not be able to overcome industry headwinds. 5. Goldman Sachs analyst Conor Fitzgerald downgraded Stifel Financial (SF) to Neutral from Buy while raising his price target for the shares to $59 from $58. The analyst believes LPL Financial (LPLA), a stock he upgraded this morning to Conviction Buy, offers more upside at current valuations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/20/17
BARD
04/20/17
DOWNGRADE
Target $51
BARD
Neutral
Mobileye downgraded to Neutral from Outperform at Baird
Baird analyst David Leiker downgraded Mobileye (MBLY) to Neutral from Outperform citing its impending acquisition by Intel (INTC).
05/24/17
05/24/17
NO CHANGE

Perform
Opco sees limited number of competitors for Tesla's Model 3
Oppenheimer analyst Colin Rusch believes Tesla's (TSLA) Model 3 rollout is critical to its position in Advanced Driver Assist Systems. Tesla's ability to "accelerate learning cycles related to characterizing driving behavior" is facilitated by the high volume rollout of Model 3," Rusch tells investors in a research note. His channel checks indicate just fifteen models with semi-autonomous driving technology are currently available for model years 2016/2017. These cars are offered by BMW, Mercedes-Benz, Volvo, and Tesla. The analyst notes that a RAND Corporation study estimates over 11B test miles would be necessary in order to show statistically significant evidence of the autonomous vehicle's superiority over human drivers. With Model 3 enabling high mileage data collection, Tesla can accumulate the necessary mileage within just 27 months, or by mid-2021, Rusch writes. The analyst sees the potential for Tesla's ADAS value to be "significantly higher" than Mobileye's (MBLY) acquisition price if it can control the machine learning aspect of the product development. Rusch has a Perform rating on Tesla shares. The stock closed yesterday down $6.49 to $303.86.
05/30/17
05/30/17
DOWNGRADE

Sector Weight
Ambarella downgraded to Sector Weight from Overweight at Pacific Crest
Pacific Crest analyst Brad Erickson downgraded Ambarella (AMBA) to Sector Weight on concern the company's largest customer DJI may have dual-sourced. After speaking with DJI customer service, Erickson believes Ambarella may not be the video processing provider for Spark, the $499 drone launched last week by DJI. This could become a "material headwind" to Ambarella's revenue and earnings over the longer term, Erickson tells investors in a research note. He notes that the shares are up 23% since Intel (INTC) bid to acquire Mobileye (MBLY).
INTC Intel
$45.20

0.29 (0.65%)

01/26/18
MKMP
01/26/18
NO CHANGE
Target $55
MKMP
Buy
Intel price target raised to $55 from $50 at MKM Partners
MKM Partners analyst Ruben Roy raised his price target on Intel to $55 and kept his Buy rating after Q4 earnings. Roy says the company continues to highlight the data-centric portion of its business as it diversifies away from the PC market, which drive Intel to faster longer-term revenue growth at stronger profitability margins. The analyst expects the multiples to follow, noting that the current valuation appears attractive while raising his FY18 EPS view to $3.55 from $3.25.
01/26/18
RHCO
01/26/18
NO CHANGE
Target $50
RHCO
Hold
Intel price target raised to $50 from $43 at SunTrust
SunTrust analyst William Stein raised his price target on Intel to $50 but kept his Hold rating after Q4 earnings, saying the upside seen in the results was a one-off and not likely to recur. Stein says the Data Center Group growth remains "uninspiring" this year, attributing his price target change to more favorable tax rates.
01/30/18
01/30/18
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. CVS Health (CVS) upgraded to Strong Buy from Buy at Needham by analyst Kevin Caliendo, who contended that the stock remains underowned and, unlike its peers, yet to rally beyond the expectations of benefits from the tax changes. The analyst says the company's multiple has remained constant despite the expansion in the rest of the pharma services industry, forecasting EPS growth of 8%-10% beyond the modeled $8 per share in 2019. 2. JetBlue (JBLU) upgraded to Overweight from Neutral at JPMorgan by analyst Jamie Bakier who said the company's costs are "gradually coming under control" and its balance sheet is "sound." The analyst also upgraded United Continental (UAL) to Overweight from Underweight, saying the shares are the "cheapest in the sector and among the most washed out, having declined the most from recent highs." 3. Gilead (GILD) upgraded to Buy from Neutral at Citi by analyst Robyn Karnauskas, who said that tax reform could lower the company's tax rate to 22% in 2018 versus prior estimates of 28%. The analyst also raised her nonalcoholic steatohepatitis and JAK-1 probability of success estimates to 50% with both Phase 3 trials expected in the next 12 months. Further, Karnauskas expects Gilead's hepatitis C virus business to stabilize by mid-2018. 4. Intel (INTC) upgraded to Buy from Neutral at Citi by analyst Christopher Danely, who said overly conservative guidance and poor sentiment from years of underperformance should drive estimates and the stock higher in the near term. He believes management's "new habit" of conservative guidance is good for the stock. 5. Albemarle (ALB) upgraded to Buy from Neutral at UBS by analyst John Roberts, who said the stock is down 23% from the November high despite no change to the outlook for lithium. The analyst attributes the pullback to larger scale lithium expansion announcements and raising concerns of potential oversupply. He believes the market is pricing in 10% annual realized price declines for Albemarle over the next few years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/31/18
BARD
01/31/18
NO CHANGE
BARD
Baird checks show Apple will bring Qorvo in on super PAD
Baird analyst Tristan Gerra say his firm's recent industry checks support the belief Apple (AAPL) will dual source the super PAD in 2018 and bring Qorvo (QRVO) in. Shares of Qorvo are up 37c to $71.04 in midday trading. Apple will have 3.5GHz in the second half of 2018, offering more capacity and benefiting carriers, Gerra tells investors in a research note. He also believes Broadcom (AVGO) is working on custom 802-11.ax for Apple, with Qualcomm (QCOM) being one year behind on .ax. Gerra added that the checks indicate Intel's (INTC) 7560 modem sampling is on track.

TODAY'S FREE FLY STORIES

NEM

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TREE

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SFM

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AIMT

Aimmune

$32.21

-2.75 (-7.87%)

20:04
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20:00
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General news
Breaking General news story  »

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NUAN

Nuance

$16.28

-0.28 (-1.69%)

19:10
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19:10
Periodicals
Nuance discontinues Swype feature development, Verge reports »

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SSNLF

Samsung

, QCOM

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$63.40

-0.59 (-0.92%)

19:04
02/21/18
02/21
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19:04
Hot Stocks
Samsung, Qualcomm expand foundry cooperation on EUV process technology »

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SSNLF

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Qualcomm

$63.40

-0.59 (-0.92%)

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CATY

Cathay General

$42.84

0.43 (1.01%)

18:59
02/21/18
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18:59
Hot Stocks
Cathay General executive chairman Cheng sells 25,000 common shares »

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SUN

Sunoco

$30.00

-0.08 (-0.27%)

18:42
02/21/18
02/21
18:42
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18:42
Earnings
Sunoco reports Q4 EPS $2.01, may not compare to consensus 35c »

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USFD

US Foods

$32.29

0.33 (1.03%)

18:39
02/21/18
02/21
18:39
02/21/18
18:39
Hot Stocks
US Foods director Lederer sells 98,702 common shares »

In a regulatory filing,…

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VLRS

Volaris

$9.14

0.12 (1.33%)

18:38
02/21/18
02/21
18:38
02/21/18
18:38
Earnings
Volaris reports Q4 28c, consensus 20c »

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VLRS

Volaris

$9.14

0.12 (1.33%)

18:34
02/21/18
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Earnings
Breaking Earnings news story on Volaris »

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VMI

Valmont

$156.55

-0.55 (-0.35%)

18:29
02/21/18
02/21
18:29
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18:29
Earnings
Valmont sees 2018 adjusted $8.00, consensus $8.15 »

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VMI

Valmont

$156.55

-0.55 (-0.35%)

18:27
02/21/18
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18:27
02/21/18
18:27
Earnings
Valmont reports Q4 adjusted EPS $1.67, consensus $1.69 »

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CTRV

ContraVir Pharmaceuticals

$0.25

-0.013 (-5.00%)

18:11
02/21/18
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ContraVir Pharmaceuticals' hepatitis B treatment receives FDA Orphan designation »

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AAC

AAC Holdings

$8.38

0.25 (3.08%)

18:06
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Earnings
AAC Holdings sees FY18 adjusted EPS 70c-75c, consensus 53c »

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AAC

AAC Holdings

$8.38

0.25 (3.08%)

18:05
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Earnings
AAC Holdings reports Q4 adjusted EPS 10c, consensus 4c »

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DNKN

Dunkin' Brands

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CE

Celanese

$102.43

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18:01
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  • 01

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TUSK

Mammoth Energy

$20.04

-0.11 (-0.55%)

17:56
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Earnings
Mammoth Energy reports Q4 EPS $1.48, consensus 53c »

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NSPR

InspireMD

$4.20

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17:53
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ETFC

E-Trade

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17:52
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Syndicate
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SAVE

Spirit Airlines

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BAND

Bandwidth

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CAR

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MB

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SAIL

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PE

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P

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MLNX

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TRN

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RGR

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CONE

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ADXS

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GWPH

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OMF

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CLI

Mack-Cali Realty

$18.33

-0.25 (-1.35%)

17:40
02/21/18
02/21
17:40
02/21/18
17:40
Earnings
Breaking Earnings news story on Mack-Cali Realty »

Mack-Cali Realty sees…

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CLI

Mack-Cali Realty

$18.33

-0.25 (-1.35%)

17:39
02/21/18
02/21
17:39
02/21/18
17:39
Earnings
Breaking Earnings news story on Mack-Cali Realty »

Mack-Cali Realty reports…

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MIC

Macquarie Infrastructure

$63.62

-0.75 (-1.17%)

17:32
02/21/18
02/21
17:32
02/21/18
17:32
Hot Stocks
Macquarie Infrastructure to reduce 2018 dividend to help fund asset repurposing »

Macquarie Infrastructure…

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