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QCOM

Qualcomm

$52.59

-2.65 (-4.80%)

17:46
04/19/18
04/19
17:46
04/19/18
17:46

Qualcomm cuts 1,231 jobs in San Diego and 269 in other CA offices, Reuters says

In a follow-up to yesterday's Bloomberg report regarding job cuts at Qualcomm, Reuters says the job cuts will be 1.231 staff in the company's San Diego office and 269 workers in the San Jose / Santa Clara locations. The report cites Qualcomm's notice filed with California Employment Development Department. A report from San Diego's ABC10 News indicated that "over 1K workers" are likely to be impacted. Reference Link

  • 25

    Apr

QCOM Qualcomm
$52.59

-2.65 (-4.80%)

04/05/18
04/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Spotify (SPOT) initiated with a Buy at Canaccord and Stifel. 2. Trade Desk (TTD) initiated with an Overweight at Piper Jaffray. 3. Saul Centers (BFS) initiated with a Neutral at B. Riley FBR. 4. Capital One (COF) and American Express (AXP) were initiated with a Buy at Citi while Discover (DFS) and Synchrony (SYF) were initiated with a Neutral. 5. Intel (INTC) initiated with a Buy at UBS while Qualcomm (QCOM) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/18
SBSH
04/12/18
INITIATION
Target $127.5
SBSH
Neutral
NXP Semiconductors resumed with a Neutral at Citi
Citi analyst Christopher Danely resumed coverage of NXP Semiconductors (NXPI) with a Neutral rating and $127.50 price target. The analyst expects Qualcomm (QCOM) to close the acquisition of NXP at the current proposed price of $127.50 per share. He believes, however, that there is "some potential for the deal to break due to approval from China given the trade war." If the deal falls apart, Danely expects NXP shares to trade to $90.
04/12/18
SBSH
04/12/18
INITIATION
Target $58
SBSH
Neutral
Qualcomm resumed with a Neutral at Citi
Citi analyst Christopher Danely resumed coverage of Qualcomm (QCOM) with a Neutral rating and $58 price target. The analyst believes the proposed acquisition of NXP Semiconductors (NXPI) could eventually drive earnings accretion of roughly 44% or $1.52, but he does not have confidence in the $500M in synergies. Danely expects a host of integration difficulties given differences in manufacturing, customer base, and NXP's merger with Freescale.
04/17/18
MSCO
04/17/18
NO CHANGE
Target $55
MSCO
Underweight
Qualcomm faces headwinds even if NXP deal gets approved, says Morgan Stanley
Morgan Stanley analyst James Faucette believes the market has built in a meaningful probability that China blocks Qualcomm's (QCOM) acquisition of NXP Semiconductors (NXPI), though he feels it is in China's best interest to approve the deal and he feels that is what will happen. However, even if the NXP deal gets approved, he continues to think the Apple (AAPL) lawsuit is unlikely to conclude before FY19 and he sees its as increasingly likely that licensing disputes with other non-paying OEM will be a persistent issue. Share gains made by MediaTek and the ZTE (ZTCOY) ban could create added EPS headwinds for Qualcomm, said Faucette, who maintains an Underweight rating on the stock.

TODAY'S FREE FLY STORIES

LGND

Ligand

, VKTX

Viking Therapeutics

$19.47

9.07 (87.21%)

07:13
09/19/18
09/19
07:13
09/19/18
07:13
Recommendations
Ligand, Viking Therapeutics analyst commentary  »

Ligand price target…

LGND

Ligand

VKTX

Viking Therapeutics

$19.47

9.07 (87.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 27

    Sep

  • 01

    Oct

  • 06

    Nov

ATVI

Activision Blizzard

$79.64

0.76 (0.96%)

, EA

Electronic Arts

$112.66

-0.03 (-0.03%)

07:12
09/19/18
09/19
07:12
09/19/18
07:12
Recommendations
Activision Blizzard, Electronic Arts, Take-Two, Ubisoft, Zynga analyst commentary  »

KeyBanc says buy shares…

ATVI

Activision Blizzard

$79.64

0.76 (0.96%)

EA

Electronic Arts

$112.66

-0.03 (-0.03%)

TTWO

Take-Two

$132.69

1.19 (0.90%)

UBSFY

Ubisoft

$0.00

(0.00%)

ZNGA

Zynga

$4.03

0.08 (2.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 21

    Sep

  • 30

    Oct

BYSI

BeyondSpring

$25.55

-0.45 (-1.73%)

07:11
09/19/18
09/19
07:11
09/19/18
07:11
Hot Stocks
BeyondSpring granted new patent for Plinabulin by USPTO »

BeyondSpring announced…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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GLPEY

Galp Energia

$0.00

(0.00%)

07:09
09/19/18
09/19
07:09
09/19/18
07:09
Downgrade
Galp Energia rating change  »

Galp Energia downgraded…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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HSDT

Helius Medical

$9.63

-0.19 (-1.93%)

07:08
09/19/18
09/19
07:08
09/19/18
07:08
Hot Stocks
Helius Medical announces partnership with Wexner Medical Center for PoNS clinic »

Helius Medical announced…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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OMVKY

OMV AG

$0.00

(0.00%)

07:08
09/19/18
09/19
07:08
09/19/18
07:08
Upgrade
OMV AG rating change  »

OMV AG upgraded to Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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PRU

Prudential

$100.22

1.23 (1.24%)

07:07
09/19/18
09/19
07:07
09/19/18
07:07
Hot Stocks
Prudential Financial names Ken Tanji EVP, CFO »

Prudential Financial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 26

    Sep

REPYY

Repsol

$0.00

(0.00%)

07:07
09/19/18
09/19
07:07
09/19/18
07:07
Upgrade
Repsol rating change  »

Repsol upgraded to Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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STOR

Store Capital

$28.24

-0.31 (-1.09%)

07:05
09/19/18
09/19
07:05
09/19/18
07:05
Initiation
Store Capital initiated  »

Store Capital initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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HYGS

Hydrogenics

$6.15

0.05 (0.82%)

07:05
09/19/18
09/19
07:05
09/19/18
07:05
Hot Stocks
Hydrogenics to supply 2.5-megawatt energy storage solution for Haeolus project »

Hydrogenics announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 15

    Nov

TPX

Tempur Sealy

$55.12

1.16 (2.15%)

, SNBR

Sleep Number

$37.25

0.44 (1.20%)

07:03
09/19/18
09/19
07:03
09/19/18
07:03
Recommendations
Tempur Sealy, Sleep Number, Purple, Taken private analyst commentary  »

Antidumping petition…

TPX

Tempur Sealy

$55.12

1.16 (2.15%)

SNBR

Sleep Number

$37.25

0.44 (1.20%)

PRPL

Purple

$5.49

0.08 (1.48%)

MFRM

Taken private

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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UNM

Unum Group

$38.49

2.07 (5.68%)

07:03
09/19/18
09/19
07:03
09/19/18
07:03
Hot Stocks
Unum Group selects Clearwater for investment accounting system solution »

Clearwater Analytics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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CSIQ

Canadian Solar

$14.89

0.24 (1.64%)

07:02
09/19/18
09/19
07:02
09/19/18
07:02
Hot Stocks
Canadian Solar to supply 164 MW of modules to project in Spain »

Canadian Solar has been…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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VCRA

Vocera

$33.51

0.01 (0.03%)

07:02
09/19/18
09/19
07:02
09/19/18
07:02
Initiation
Vocera initiated  »

Vocera initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 27

    Nov

PAH

Platform Specialty Products

$12.80

0.01 (0.08%)

06:58
09/19/18
09/19
06:58
09/19/18
06:58
Downgrade
Platform Specialty Products rating change  »

Platform Specialty…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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UNP

Union Pacific

$163.70

6.97 (4.45%)

, CNI

Canadian National

$87.47

-0.195 (-0.22%)

06:56
09/19/18
09/19
06:56
09/19/18
06:56
Recommendations
Union Pacific, Canadian National, Canadian Pacific, CSX analyst commentary  »

Union Pacific shares…

UNP

Union Pacific

$163.70

6.97 (4.45%)

CNI

Canadian National

$87.47

-0.195 (-0.22%)

CP

Canadian Pacific

$206.96

1.38 (0.67%)

CSX

CSX

$74.12

0.77 (1.05%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 19

    Sep

  • 27

    Sep

  • 16

    Oct

  • 18

    Oct

  • 06

    Nov

ROIC

Retail Opportunity

$18.87

-0.215 (-1.13%)

06:55
09/19/18
09/19
06:55
09/19/18
06:55
Initiation
Retail Opportunity initiated  »

Retail Opportunity…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

    Oct

AFIN

American Finance Trust

$17.52

0.53 (3.12%)

06:50
09/19/18
09/19
06:50
09/19/18
06:50
Initiation
American Finance Trust initiated  »

American Finance Trust…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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SPWR

SunPower

$7.55

0.97 (14.74%)

, FSLR

First Solar

$49.56

1.81 (3.79%)

06:50
09/19/18
09/19
06:50
09/19/18
06:50
Recommendations
SunPower, First Solar analyst commentary  »

JPMorgan 'warming…

SPWR

SunPower

$7.55

0.97 (14.74%)

FSLR

First Solar

$49.56

1.81 (3.79%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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AN

AutoNation

$43.09

-0.41 (-0.94%)

06:50
09/19/18
09/19
06:50
09/19/18
06:50
Hot Stocks
AutoNation extends CEO Mike Jackson's contract »

AutoNation announced that…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 06

    Nov

ZYME

Zymeworks

$14.40

0.035 (0.24%)

06:48
09/19/18
09/19
06:48
09/19/18
06:48
Hot Stocks
Zymeworks names Anthony Polverino Chief Scientific Officer »

Zymeworks has named…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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SEDG

SolarEdge

$42.00

-0.05 (-0.12%)

06:45
09/19/18
09/19
06:45
09/19/18
06:45
Recommendations
SolarEdge analyst commentary  »

SolarEdge tariff risk…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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06:45
09/19/18
09/19
06:45
09/19/18
06:45
General news
Breaking General news story  »

Week of 9/14 MBA Mortgage…

IBKC

Iberiabank

$83.70

-0.5 (-0.59%)

06:44
09/19/18
09/19
06:44
09/19/18
06:44
Conference/Events
Iberiabank management to meet with Piper Jaffray »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 19

    Sep

  • 20

    Sep

KBR

KBR

$20.19

0.37 (1.87%)

06:44
09/19/18
09/19
06:44
09/19/18
06:44
Downgrade
KBR rating change  »

KBR downgraded to Neutral…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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