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NVDA

Nvidia

$231.59

10.24 (4.63%)

, CEVA

Ceva

$36.20

1 (2.84%)

13:12
03/31/18
03/31
13:12
03/31/18
13:12

New AI era for chip makers, Barron's says

Artificial intelligence is about to become a lot more pervasive as the computer circuitry to perform AI grows more prevalent, Tiernan Ray writes in this week's edition of Barron's. The desire to embed AI in just about anything has meant that more chip makers are racing to diffuse their designs for circuitry that processes the algorithms that drive the software, he note, adding that relevant companies spanning the semiconductor industry include Nvidia (NVDA), CEVA (CEVA), Synopsys (SNPS) and Cadence Design Systems (CDNS). Reference Link

NVDA

Nvidia

$231.59

10.24 (4.63%)

CEVA

Ceva

$36.20

1 (2.84%)

SNPS

Synopsys

$83.24

0.94 (1.14%)

CDNS

Cadence Design

$36.77

0.63 (1.74%)

  • 17

    Apr

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    Apr

  • 03

    May

  • 09

    May

NVDA Nvidia
$231.59

10.24 (4.63%)

03/28/18
RHCO
03/28/18
NO CHANGE
Target $305
RHCO
Buy
SunTrust sees buying opportunity for Nvidia after autonomous driving concerns
SunTrust analyst William Stein writes that yesterday's 9% selloff in Nvidia stock price based on concerns around the development of autonomous driving created a buying opportunity, saying the company's GTC 2018 presentation added to his confidence in its "rapid growth trajectory and large market opportunity". Stein keeps his Buy rating and $305 price target while also citing Nvidia's updated Total Addressable Market opportunities for Autonomous Driving at $60B by 2035 and Data Center at $50B by 2023 - up from $8B by 2025 and $30B by 2020 respectively.
03/28/18
JEFF
03/28/18
NO CHANGE
Target $300
JEFF
Buy
Nvidia artificial intelligence ecosystem remains undervalued, says Jefferies
Jefferies analyst Mark Lipacis left Nvidia's analyst day yesterday believing the company's first mover advantage in its artificial intelligence ecosystem is undervalued by the Street. Nvidia's platform is "years ahead of competitors, and akin to the iPhone ecosystem or Wintel in PCs," Lipacis tells investors in a research note. Further, he views the company's decision to suspend testing on autonomous vehicles as prudent. The analyst expects self-driving car technology to continue to improve over time. Lipacis keeps a Buy rating on Nvidia with a $300 price target.
03/28/18
MKMP
03/28/18
NO CHANGE
Target $245
MKMP
Neutral
Nvidia's yesterday sell-off was overdone, says MKM Partners
MKM Partners analyst Ruben Roy writes that yesterday's 9% sell-off in Nvidia stock price following reports that the company is briefly halting its self-driving vehicle testing was overdone, considering that Nvidia's Analyst Day maintained its commitment to develop autonomous driving vehicles within 2-3 years. That being said, Roy keeps his Neutral rating and $245 price target on Nvidia, saying there is limited near-to-medium term upside potential for the stock as his valuation estimate pins a rich 30-times multiple on the company's FY20 earnings.
03/28/18
RBCM
03/28/18
NO CHANGE
Target $285
RBCM
Outperform
RBC Capital remains positive on Nvidia's autonomous car innovation
RBC Capital analyst Mitch Steves writes that he remains positive on Nvidia after the company unveiled a $399K AI super-computer at the GTC 2018 GPU Technology Conference and also provided an update on its autonomous driving technology that "allows cars to learn in a virtual environment". Steves acknowledges that some push-out in autonomous vehicle ramp timing is possible, but believes that "all levers remain in place" for what Nvidia views as a $10T industry. The analyst cites the company's expectations of autonomous cars' VR-driven learning process reducing the development time from 3 years to as little as 7 months. Steves keeps his Outperform rating and $285 price target on Nvidia.
CEVA Ceva
$36.20

1 (2.84%)

02/09/18
ADAM
02/09/18
INITIATION
Target $50
ADAM
Buy
Ceva initiated with a Buy at Canaccord
Canaccord analyst T. Michael Walkley initiated Ceva with a Buy rating as he believes the company has a strong and diversifying licensing base to drive steady long-term and high-margin royalty growth. Walkley has a $50 price target on Ceva shares.
01/24/18
01/24/18
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. United Continental (UAL) downgraded to In Line from Outperform at Evercore ISI with analyst Duane Pfennigwerth citing the company's investor update. 2. Huntington Bancshares (HBAN) was downgraded to Neutral from Buy at Hilliard Lyons and to Neutral from Outperform at Macquarie. 3. Range Resources (RRC) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Evan Calio saying he expects oil markets to tighten and gas to remain weak in 2018. 4. CEVA downgraded to Perform from Outperform at Oppenheimer with analyst Andrew Uerkwitz downgraded Ceva (CEVA) to Perform from Outperform saying the valuation looks "full" at current levels. 5. Aaron's (AAN) downgraded to Hold from Buy at Loop Capital with analyst Anthony Chukumba citing valuation rather than fundamentals, forecasting the company's core business to improve sequentially and also see benefits from the U.S. tax changes. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/24/18
OPCO
01/24/18
DOWNGRADE
OPCO
Perform
Ceva downgraded to Perform on 'full' valuation at Oppenheimer
Oppenheimer analyst Andrew Uerkwitz downgraded Ceva to Perform from Outperform without a price target. The valuation looks "full" at current levels, Uerkwitz tells investors in a research note. The analyst does not see the smartphone market justifying further multiple expansion as a 4G growth story. Emerging market 4G growth should offset 2G and 3G declines, but share gain opportunities elsewhere appear limited, the analyst contends. Uerkwitz adds that Ceva's accounting changes reduce near-term visibility while further back-end-loading 2018.
01/24/18
OPCO
01/24/18
DOWNGRADE
OPCO
Perform
CEVA downgraded to Perform from Outperform at Oppenheimer
SNPS Synopsys
$83.24

0.94 (1.14%)

12/01/17
DADA
12/01/17
NO CHANGE
Target $105
DADA
Buy
Synopsys business is booming in new era of computing, says DA Davidson
DA Davidson analyst Thomas Diffely keeps his Buy rating and $105 price target on Synopsys following Q4 results, saying that increased chip complexity and new computing era focused around big data and AI are all driving growth of semiconductor consumption. Diffely says the company benefits directly from these trends as the customer base in its Electronic Design Automation business expands, calling it his favorite stock in the space.
12/01/17
NEED
12/01/17
NO CHANGE
Target $100
NEED
Buy
Synopsys price target raised to $100 from $83 at Needham
Needham analyst Richard Valera raised his price target on Synopsys to $100 after a Q4 earnings beat, saying the company enters FY18 with good momentum amid a stronger macro backdrop, ongoing strength in IP and hardware, and growing scale of its Software Integrity business. Valera keeps his Buy rating despite the company trading well above its historical multiples, noting that Synopsys is the only Buy-rated firm in his coverage of mid-cap technical software names.
12/12/17
JPMS
12/12/17
DOWNGRADE
Target $87
JPMS
Underweight
Synopsys downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Sterling Auty downgraded Synopsys to Underweight with an unchanged price target of $87 in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. As such, he's moderating his bullish outlook into next year.
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.
CDNS Cadence Design
$36.77

0.63 (1.74%)

02/01/18
FBCO
02/01/18
NO CHANGE
Target $43
FBCO
Neutral
Cadence Design price target raised to $43 from $37 at Credit Suisse
Credit Suisse analyst Farhan Ahmad raised his price target for Cadence Design to $43 from $37, while reiterating a Neutral rating on the shares as he views the results as broadly in-line with his preview expectations.
10/30/17
DADA
10/30/17
NO CHANGE
Target $43
DADA
Neutral
Cadence Design price target raised to $43 from $36 at DA Davidson
DA Davidson analyst Thomas Diffely raised his price target on Cadence Design to $43 after Q3 results, saying design activity remains robust, memory market is emerging as a new driver, and the new product pipeline has never been better. Diffely says the company's introduction of new products positions it for the "emerging era of memory-centric Big Data" but also keeps his Neutral rating on Cadence Design given the 27-times PE valuation.
10/11/17
RBCM
10/11/17
NO CHANGE
Target $45
RBCM
Outperform
Cadence Design price target raised to $45 from $39 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Cadence Design to $45 ahead of the company's earnings, citing potential upside from its Palladium Z1 platform and attractive valuation relative to other small cap software companies. Steves says he remains positive on Cadence Design fundamentals, but also adds that an M&A premium in the stock is unwarranted at this time.
05/18/17
FBCO
05/18/17
NO CHANGE
Target $82
FBCO
Outperform
Synopsys price target raised to $82 from $73 at Credit Suisse
Credit Suisse analyst Farhan Ahmad noted that Synopsys (SNPS) reported better than expected Q2 results and raised FY17 guidance modestly. He views the company as the fastest growing electronic design automation, or EDA, company, adding that he continues to believe it has faster growth than Cadence Design (CDNS) due to its higher exposure to faster growth intellectual property and software businesses. Ahmad raised his price target on Synopsys to $82 from $73 and keeps an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

NVS

Novartis

$87.74

0.52 (0.60%)

, DBVT

DBV Technologies

$16.70

0.31 (1.89%)

04:55
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SHPG

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TEVA

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SNY

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GSK

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AZN

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CHD

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BSX

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MSI

Motorola Solutions

$129.97

0.72 (0.56%)

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PCG

PG&E

$24.39

6.62 (37.25%)

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ABX

Barrick Gold

$13.04

0.05 (0.38%)

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WTR

Aqua America

$33.05

0.165 (0.50%)

17:57
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XLRE

Real Estate SPDR

$33.45

0.445 (1.35%)

, XLB

S&P Select Materials SPDR

$55.23

0.53 (0.97%)

17:39
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General news
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XLRE

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XLB

S&P Select Materials SPDR

$55.23

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XLU

Utilities SPDR

$54.86

0.77 (1.42%)

XLI

Industrial Select Sector SPDR

$72.00

(0.00%)

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Health Care Select Sector SPDR

$92.05

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XLF

Financial Select Sector

$26.78

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XLP

Consumer Staples Sector SPDR

$56.04

0.15 (0.27%)

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Energy Select Sector SPDR

$67.23

0.76 (1.14%)

XLC

Communication Services Select Sector SPDR Fund

$44.88

-0.2 (-0.44%)

XLK

Technology Select Sector SPDR

$68.22

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XLY

Consumer Discretionary Sector SPDR

$106.37

-0.43 (-0.40%)

GLD

SPDR Gold Shares

$115.56

0.82 (0.71%)

SLV

iShares Silver Trust

$13.55

0.115 (0.86%)

USO

United States Oil Fund

$12.07

0.08 (0.67%)

UNG

United States Natural Gas Fund

$35.43

3.63 (11.42%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$83.24

-0.27 (-0.32%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$111.73

0.23 (0.21%)

TLT

iShares 20+ Year Treasury Bond Fund

$114.65

0.61 (0.53%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.13

0.3 (0.30%)

SHY

iShares 1-3 Year Treasury Bond

$83.13

0.08 (0.10%)

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AQST

Aquestive Therapeutics

$17.02

0.23 (1.37%)

17:36
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DAKT

Daktronics

$7.67

0.07 (0.92%)

17:35
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Daktronics adopts new shareholder rights agreement »

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TI

Telecom Italia

$6.02

0.12 (2.03%)

17:33
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Periodicals
Gubitosi viewed as frontrunner for Telecom Italia CEO job, Reuters says »

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MAXR

Maxar Technologies

$18.77

-0.59 (-3.05%)

17:30
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PLUG

Plug Power

$1.83

(0.00%)

17:28
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Breaking Syndicate news story on Plug Power »

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GSB

GlobalSCAPE

$4.55

-0.02 (-0.44%)

17:22
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Breaking Syndicate news story on GlobalSCAPE »

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EQIX

Equinix

$388.18

2.67 (0.69%)

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Equinix's Lee sells 2,792 common shares »

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LMT

Lockheed Martin

$301.06

-4.42 (-1.45%)

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TLGT

Teligent

$2.56

0.045 (1.79%)

17:16
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Hot Stocks
Teligent receives notification of deficiency from Nasdaq »

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STAF

Staffing 360 Solutions

$1.82

0.07 (4.00%)

17:16
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Syndicate
Breaking Syndicate news story on Staffing 360 Solutions »

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IMMR

Immersion

$9.56

-0.14 (-1.44%)

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ATNX

Athenex

$11.95

0.74 (6.60%)

17:10
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TSRO

Tesaro

$34.96

8.39 (31.58%)

17:08
11/16/18
11/16
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17:08
Recommendations
Tesaro analyst commentary at Piper Jaffray »

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  • 03

    Dec

EEI

Ecology & Environment

$10.50

-2 (-16.00%)

17:05
11/16/18
11/16
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17:05
Hot Stocks
Ecology & Environment receives noncompliance notice from Nasdaq »

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AEE

Ameren

$69.29

0.01 (0.01%)

16:58
11/16/18
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16:58
Hot Stocks
Ameren exec Nelson sells $690,000 worth of common shares »

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EQS

Equus II Inc

$1.86

(0.00%)

16:56
11/16/18
11/16
16:56
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16:56
Hot Stocks
Equus II Inc reports net assets of $46.6M as of September 30 »

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VAPO

Vapotherm

$17.10

-0.42 (-2.40%)

16:56
11/16/18
11/16
16:56
11/16/18
16:56
Hot Stocks
Breaking Hot Stocks news story on Vapotherm »

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  • 14

    Nov

COTY

Coty

$9.09

0.39 (4.48%)

16:55
11/16/18
11/16
16:55
11/16/18
16:55
Hot Stocks
Coty CEO acquires 2.3M common shares »

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  • 03

    Mar

NVS

Novartis

$87.74

0.52 (0.60%)

16:54
11/16/18
11/16
16:54
11/16/18
16:54
Upgrade
Novartis rating change at Goldman Sachs »

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