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MSCC

Microsemi

$64.24

1.93 (3.10%)

, MCHP

Microchip

$86.38

1.22 (1.43%)

14:30
02/27/18
02/27
14:30
02/27/18
14:30

Microchip deal for Microsemi at $65 could be immediately accretive, says Needham

After The Wall Street Journal said that Microchip (MCHP) was in late stage talks to acquire Microsemi (MSCC), Needham analyst Rajvindra Gill said he believes a deal could be immediately accretive assuming an offer price of $65 per share. He could "conservatively" see upwards of $7.70 non-GAAP EPS for the combined company, added Gill, who also thinks such a potential deal opens up new end markets like aerospace & defense and datacenters.

MSCC

Microsemi

$64.24

1.93 (3.10%)

MCHP

Microchip

$86.38

1.22 (1.43%)

  • 27

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MSCC Microsemi
$64.24

1.93 (3.10%)

01/24/18
SUSQ
01/24/18
NO CHANGE
Target $70
SUSQ
Positive
Microsemi could be bought before $70 price target reached, says Susquehanna
Susquehanna analyst Christopher Rolland recommends investors continue to buy Microsemi as he believes the company could be bought before it has a chance to reach his $70 price target. The analyst noted rumors the company has begun working on a potential sale and said its possible since the company accelerated management compensation incentives for achieving a stock price of $70 and beyond. Rolland reiterated his Positive rating on Microsemi shares.
01/25/18
NEED
01/25/18
NO CHANGE
Target $70
NEED
Buy
Microsemi price target raised to $70 from $61 at Needham
Needham analyst N. Quinn Bolton raised the price target on Microsemi to $70 and kept his Buy rating. Bolton says the press speculation that the company hired Qatalyst Partners to explore strategic options is "reasonable" as it would make an attractive target based on its high margin structure and exposure to the stable Aerospace & Defense segment.
01/26/18
KEYB
01/26/18
NO CHANGE
Target $70
KEYB
Overweight
Microsemi price target raised to $70 from $62 at KeyBanc
KeyBanc analyst Michael McConnell raised his price target for Microsemi to $70 following the company's Q1 results. A rebound in Communications drove a higher revenue outlook, McConnell tells investors in a research note. He remains optimistic on data center growth in fiscal Q3 and a buyer of the stock with an Overweight rating.
02/22/18
RBCM
02/22/18
NO CHANGE
Target $325
RBCM
Top Pick
RBC finds takeover targets for Broadcom should Qualcomm deal fail
RBC Capital analyst Amit Daryanani finds it prudent to think about other takeover options for Broadcom (AVGO) should its attempt to acquire Qualcomm (QCOM) fail. Broadcom is in a "unique position" as it generates $9B-$10B of free cash flow annually, has balance sheet that is "almost net debt neutral" and a management team "that has impeccable history in integrating assets," Daryanani tells investors in a research note titled "If not QCOM, Who Is Next?" The analyst sees potential targets in Xilinx (XLNX), Analog Devices (ADI), Maxim Integrated (MXIM), Marvell Technology (MRVL) and Microsemi (MSCC). Daryanani keeps a Top Pick rating on Broadcom with a $325 price target. He believes the company has the ability to sustain double-digit growth with or without Qualcomm.
MCHP Microchip
$86.38

1.22 (1.43%)

11/07/17
FBCO
11/07/17
NO CHANGE
Target $110
FBCO
Outperform
Microchip price target raised to $110 from $95 at Credit Suisse
Credit Suisse analyst John Pitzer raised his price target for Microchip to $110 from $95 after the company's Q2 beat and Q3 guidance. The analyst reiterates an Outperform rating on the shares.
11/07/17
NEED
11/07/17
NO CHANGE
Target $130
NEED
Strong Buy
Microchip price target raised to $130 from $120 at Needham
Needham analyst Rajvindra Gill raised his price target on Microchip to $130 and kept his Strong Buy rating after the company's Q2 results. Gill says the company's end markets remain robust with no indication towards correction and anticipates gross margin expansion from further improvements. The analyst also expects the company to resolve capacity constraints in its Analog business.
12/11/17
SBSH
12/11/17
NO CHANGE
SBSH
Citi 'getting more nervous' on semiconductors after Asia trip
Following a trip last week to Asia meeting with companies across the technology supply chain, Citi analyst Christopher Danely says he's "getting more nervous" on the semiconductor sector. While demand from the PC end market remains strong, the NAND market remains weak and data points on Apple's (AAPL) iPhone were mixed, Danely tells investors in a research note. The analyst saw signs of an inventory build and believes upside to consensus estimates is declining. He feels momentum is slowing in the semiconductor space. Danely's top pick is Microchip (MCHP) and he's also Buy-rated on Texas Instruments (TXN), Applied Materials (AMAT), Nvidia (NVDA), Skyworks (SWKS), ON Semiconductor (ON) and Micron (MU). The analyst's checks indicate slower than expected iPhone X and 8 demand but stronger iPhone 7 demand. He views this as bad for Skyworks and Qorvo (QRVO) and good for Analog Devices (ADI).
12/18/17
PIPR
12/18/17
INITIATION
Target $100
PIPR
Overweight
Microchip initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Harsh Kumar started Microchip Technology with an Overweight rating and $100 price target. The company is well positioned in both the microcontroller and analog markets, the analyst contends. He views Microchip as one of the "premier companies" in the semiconductor industry.

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MTW

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CZR

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Conference/Events
Morgan Stanley telecom analyst to hold an analyst/industry conference call »

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CAAP

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

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CDMO

Avid Bioservices

$4.46

-0.19 (-4.09%)

, IGT

International Game

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$4.46

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IGT

International Game

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-0.5 (-2.01%)

BGS

B&G Foods

$29.80

-0.2 (-0.67%)

AG

First Majestic

$7.44

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NFLX

Netflix

$400.24

4.32 (1.09%)

ROKU

Roku

$48.27

-0.52 (-1.07%)

AVEO

Aveo Pharmaceuticals

$2.85

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EOLS

Evolus

$25.08

-1.12 (-4.27%)

TRQ

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$2.94

0.11 (3.89%)

CARB

Carbonite

$38.40

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RDFN

Redfin

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NAKD

Naked Brand Group

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

AMZN

Amazon.com

$1,822.02

9.02 (0.50%)

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T

AT&T

$31.90

0.24 (0.76%)

18:58
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SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

, TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

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SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

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DE

Deere

$136.19

-1.41 (-1.02%)

18:49
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CAT

Caterpillar

$138.06

-2.68 (-1.90%)

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

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NFLX

Netflix

$400.24

4.32 (1.09%)

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NFLX

Netflix

$400.24

4.32 (1.09%)

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  • 16

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IBM

IBM

$145.43

-0.48 (-0.33%)

, GRPN

Groupon

$4.70

0.025 (0.53%)

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Periodicals
IBM seeks $166.5M in damages from Groupon in patent lawsuit, Bloomberg says »

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IBM

IBM

$145.43

-0.48 (-0.33%)

GRPN

Groupon

$4.70

0.025 (0.53%)

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  • 18

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LGF.A

Lionsgate

$25.33

-0.58 (-2.24%)

, LGF.B

Lionsgate

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Lionsgate

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LGF.B

Lionsgate

$23.85

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GNRC

Generac

$52.40

-0.585 (-1.10%)

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

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NFLX

Netflix

$400.24

4.32 (1.09%)

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NFLX

Netflix

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4.32 (1.09%)

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  • 16

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FCPT

Four Corners Property Trust

$24.83

-0.06 (-0.24%)

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ASOMY

Asos

$0.00

(0.00%)

18:14
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NFLX

Netflix

$400.24

4.32 (1.09%)

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