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SSNLF

Samsung

$2,210.00

(0.00%)

, MU

Micron

$42.19

1.78 (4.40%)

08:18
02/13/18
02/13
08:18
02/13/18
08:18

Global DRAM output value to rise over 30% in 2018, DigiTimes reports

Output value for the global DRAM memory industry is expected to rise over 30% to $96B in 2018 following a 76% surge amid seasonal demand for smartphones and increasing mobile DRAM prices, DigiTimes reports, citing. DRAMeXchange. Mobile DRAM prices are expected to increase about 3% on quarter, PC DRAM prices are expected to rise roughly 5% sequentially and prices of server-use memory will see a 3-5% rally benefiting major DRAM vendors including Samsung Electronics (SSNLF), SK Hynix and Micron Technology (MU). Reference Link

SSNLF

Samsung

$2,210.00

(0.00%)

MU

Micron

$42.19

1.78 (4.40%)

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SSNLF Samsung
$2,210.00

(0.00%)

11/27/17
MSCO
11/27/17
DOWNGRADE
MSCO
Equal Weight
Samsung downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Shawn Kim downgraded Samsung to Equal Weight with a lowered price target of 2.8M won. NAND prices started to reverse in Q4 while visibility on DRAM supply-demand dynamics has reduced beyond Q1 of 2018, Kim tells investors in a research note. He sees downside risk in Samsung with its memory segment not growing materially next year.
12/05/17
FBCO
12/05/17
NO CHANGE
Target $85
FBCO
Outperform
Apple Pay Cash, Samsung Pay not meaningful threats to PayPal, says Credit Suisse
Credit Suisse analyst Paul Condra notes that in addition to Apple (AAPL) rolling out Apple Pay Cash, Samsung (SSNLF) recently filed a patent to introduce a social payment feature to Samsung Pay. While the analyst does not see these as "meaningful threats" to PayPal (PYPL), which has first-mover advantage, he believes the more important takeaway is validation of the social payments model pioneered by Venmo and the expanding ways in which internet companies are integrating payments to bolster the functionality of their platforms. He reiterates an Outperform rating and $85 price target on PayPal's shares.
01/29/18
CHLM
01/29/18
NO CHANGE
Target $15
CHLM
Buy
Immersion price target raised to $15 from $12 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss raised his price target for Immersion (IMMR) to $15 after the company reached a global settlement with Apple (AAPL). The analyst estimates the settlement is likely in the $25M-$30M per year range in fees to Immersion. He believes Apple alone can get the company to 60c in non-GAAP earnings per share. Further, the Apple settlement could "trigger a quick succession" of settlements with other pending lawsuit customers including Samsung (SSNLF), Motorola (MSI), and Fitbit (FIT), Stoss tells investors in a research note. He believes Immersion's earnings per share could be $1.50-$1.80, and the stock price above $20, if everybody signs a settlement. The analyst reiterates a Buy rating on Immersion. The stock in morning trading is up 41%, or 3.00, to $10.34.
02/01/18
MZHO
02/01/18
NO CHANGE
MZHO
Mizuho remains a buyer of Micron after Samsung results, DRAM/NAND pricing
Mizuho analyst Vijay Rakesh notes that January DRAM contract prices up 5% month over month, with expectation of March quarter pricing up 5%, while NAND pricing continues to rise up 0%-3% month over month for SLC NAND in January. Additionally, the analyst points out Samsung (SSNLF) reported results last night and noted its Q1 DRAM supply could slow down with Line 11 conversions, while full year DRAM supply demand is "sound." Rakesh sees this as overall positive for peer Micron (MU) and remains a buyer of the stock.
MU Micron
$42.19

1.78 (4.40%)

02/06/18
STFL
02/06/18
NO CHANGE
Target $85
STFL
Buy
Micron pre-announcement more evidence of industry changes, says Stifel
Stifel analyst said David Zinsner, Micron's (MU) incoming CFO, is "fully qualified" for the role given his past experience as CFO of Intersil (ISIL) and Analog Devices (ADI). He also views Micron's positive pre-announcement as further evidence that consolidation, new management strategies and diverse end markets/applications have changed the memory industry and will dampen its "notorious cycles." Zinsner keeps a Buy rating on Micron and raised his price target on the stock to $85 from $75 following the quarterly pre-announcement.
02/06/18
NEED
02/06/18
UPGRADE
Target $76
NEED
Strong Buy
Micron upgraded to Strong Buy at Needham after Q2 guidance
As reported earlier, Needham analyst Rajvindra S. Gill upgraded Micron to Strong Buy from Buy with a $76 price target, citing the company's increased Q2 revenue guidance and CFO transition. Gill says he remains positive on the memory cycle, with room to expand NAND gross margins "despite a declining price environment". The analyst adds that the excess NAND supply in the market will be absorbed by demand for client and data center SSDs.
02/06/18
02/06/18
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. Barclays analyst Paul Cheng upgraded Chevron (CVX) to Overweight from Equal Weight and raised his price target for the shares to $135 from $130. The analyst recommends investors shift to Chevron from Exxon Mobil (XOM), a stock he double downgraded this morning to Underweight. Chevron's fundamentals are improving at a faster pace than many of the other mega majors, Cheng said. 2. Micron (MU) upgraded to Overweight from Sector Weight at KeyBanc by analyst Weston Twigg. Following the company's positive preannouncement amid "strong" DRAM pricing, the valuation and long-term trends "are too compelling to ignore," Twigg said. Micron was also upgraded to Strong Buy from Buy at Needham. 3. Skyworks (SWKS) upgraded to Outperform from Market Perform at BMO Capital by analyst Ambrish Srivastava, who cited the company's "ability to sustain a higher level of free cash flows to sales ratio than in the past and its commitment to higher capital allocation." Skyworks was also upgraded to Buy from Hold at Summit Insights. 4. HSBC (HSBC) upgraded to Hold from Sell at Santander. 5. RBS (RBS) upgraded to Neutral from Underperform at BofA/Merrill by analyst Michael Helsby, who said the rise in rates has led to a steeper yield curve in the U.K. which should result in higher earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/06/18
02/06/18
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. Radware (RDWR) downgraded to In-Line from Outperform at Imperial Capital by analyst Michael Kim, who reduced his estimates to reflect elevated uncertainty in the timing and magnitude of purchase orders, particularly from Tier 1 carriers. He sees limited downside from current share levels, however. 2. Micron (MU) downgraded to Hold from Buy at Summit Insights. Micron was upgraded to Strong Buy at Needham and to Overweight from Sector Weight at KeyBanc. 3. Exxon Mobil (XOM) downgraded to Underweight from Overweight at Barclays by analyst Paul Cheng, who recommended investors shift from Exxon Mobil to Chevron (CVX), a stock he upgraded this morning to Overweight. Exxon may not be able to maintain its historical valuation premium, Cheng tells investors in a research note. He thinks the company's valuation still reflects "rich historical norms," while the upstream's underlying fundamentals "appear to have suffered a structural deterioration." 4. Cirrus Logic (CRUS) downgraded to Hold from Buy Needham. 5. Catalent (CTLT) downgraded to Equal Weight from Overweight at Stephens by analyst Drew Jones, who believes there to be some conservatism in its guidance. However, he sees the potential for outperformance as less significant than in the past. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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QGEN

Qiagen

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AOBC

American Outdoor Brands

$12.80

-0.42 (-3.18%)

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SBUX

Starbucks

$50.62

-1.6 (-3.06%)

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AMGN

Amgen

$186.00

-0.51 (-0.27%)

, ARRY

Array BioPharma

$19.56

-0.43 (-2.15%)

04:55
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European Society for Medical Oncology (ESMO) to hold a conference »

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AMGN

Amgen

$186.00

-0.51 (-0.27%)

ARRY

Array BioPharma

$19.56

-0.43 (-2.15%)

BAYRY

Bayer

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HALO

Halozyme

$18.59

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INCY

Incyte

$72.47

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LLY

Eli Lilly

$86.07

-0.17 (-0.20%)

MRK

Merck

$61.17

-0.125 (-0.20%)

SHPG

Shire

$162.43

1.81 (1.13%)

RHHBY

Roche

$0.00

(0.00%)

SNY

Sanofi

$39.02

-0.38 (-0.96%)

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TAC

TransAlta

$4.95

(0.00%)

04:55
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06/22
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Conference/Events
TransAlta management to meet with RBC Capital »

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NUVA

NuVasive

$55.48

-1.18 (-2.08%)

04:55
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Conference/Events
NuVasive has a conference call hosted by JPMorgan »

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HUBG

Hub Group

$53.05

-0.8 (-1.49%)

04:55
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Conference/Events
Hub Group management to meet with Loop Capital »

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PVAC

Penn Virginia

$79.38

-1.7 (-2.10%)

, ALOG

Analogic

$83.98

0.025 (0.03%)

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Hot Stocks
Penn Virginia to replace Analogic in S&P 600 at open on June 22 »

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PVAC

Penn Virginia

$79.38

-1.7 (-2.10%)

ALOG

Analogic

$83.98

0.025 (0.03%)

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FLR

Fluor

$48.68

-1.035 (-2.08%)

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Fluor management to meet with MKM Partners »

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INST

Instructure

$45.00

-1.675 (-3.59%)

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Instructure management to meet with Needham »

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RLH

Red Lion Hotels

$11.70

-0.15 (-1.27%)

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Red Lion Hotels management to meet with Craig Hallum »

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NUVA

NuVasive

$55.48

-1.18 (-2.08%)

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IRTC

iRhythm

$79.00

-1.67 (-2.07%)

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  • 22

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EURN

Euronav NV

$9.80

0.1 (1.03%)

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Euronav NV management to meet with Seaport Global »

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PRMW

Primo Water

$17.78

0.02 (0.11%)

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Primo Water management to meet with Barrington »

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SWN

Southwestern Energy

$5.27

-0.105 (-1.95%)

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AMSWA

American Software

$14.94

-0.21 (-1.39%)

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