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MCHP

Microchip

$93.48

0.54 (0.58%)

, MSCC

Microsemi

$67.71

0.83 (1.24%)

08:21
05/15/18
05/15
08:21
05/15/18
08:21

Microchip announces antitrust clearance in China, others or Microsemi deal

Microchip Technology (MCHP) announced, in connection with its pending acquisition of Microsemi Corporation (MSCC), that it has obtained antitrust clearances from China's Ministry of Commerce, the Japan Fair Trade Commission, the Philippine Competition Commission, the Austrian Federal Competition Authority, and the German Federal Cartel Office. Completion of the merger also remains subject to certain other closing conditions, including approval by the Taiwan Fair Trade Commission and Microsemi stockholders. Assuming the timely receipt of the remaining regulatory approvals and the satisfaction of the other closing conditions, Microchip anticipates that the merger will be completed in late May/early June 2018.

MCHP

Microchip

$93.48

0.54 (0.58%)

MSCC

Microsemi

$67.71

0.83 (1.24%)

MCHP Microchip
$93.48

0.54 (0.58%)

03/05/18
MZHO
03/05/18
UPGRADE
MZHO
Buy
Microchip upgraded to Buy from Neutral at Mizuho
Mizuho analyst Vijay Rakesh upgraded Microchip (MCHP) to Buy from Neutral with a $110 price target. Rakes expects the Microsemi (MSCC) acquisition will drive Microchip's 2019-2020 earnings of $7-$8 and sees an opportunity for the company to drive breadth and operating leverage with the transaction.
03/05/18
BMOC
03/05/18
DOWNGRADE
Target $68.78
BMOC
Market Perform
Microsemi downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Ambrish Srivastava downgraded Microsemi (MSCC) to Market Perform from Outperform following the bid by Microchip (MCHP) at $68.78 per share. Srivastava adds that he does anticipate a potential competitive bid for the company.
03/06/18
PIPR
03/06/18
DOWNGRADE
Target $68.78
PIPR
Neutral
Microsemi downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Harsh Kumar downgraded Microsemi (MSCC) to Neutral citing the pending takeover by Microchip (MCHP). The analyst does not believe another company will try to outbid Microchip's current agreement with Microsemi. He lowered his price target for Microsemi shares to $68.78 from $70 and expects the deal will close in Q2.
03/08/18
GSCO
03/08/18
UPGRADE
Target $108
GSCO
Buy
Microchip upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Mark Delaney upgraded Microchip to Buy and raised his price target for the shares to $108 from $88. The analyst believes the company's capital allocation could drive earnings growth and views the valuation as reasonable at current share levels.
MSCC Microsemi
$67.71

0.83 (1.24%)

03/05/18
03/05/18
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. Amag Pharmaceuticals (AMAG) downgraded to Hold from Buy at Jefferies with analyst Eun Yang citing valuation. 2. Finisar (FNSR) downgraded to Outperform from Strong Buy at Raymond James. 3. LifePoint (LPNT) downgraded to Market Perform from Outperform at Leerink with analyst Ana Gupte saying increased investments over the next 12 months to capture additional volume growth will challenge free cash flow and share price appreciation. 4. Microsemi (MSCC) downgraded to Sector Weight from Overweight at KeyBanc, to Neutral from Buy at Mizuho and to Market Perform from Outperform at BMO Capital. 5. Vectrus (VEC) downgraded to Hold from Buy at Drexel Hamilton with the firm citing valuation. click here.
04/25/18
NEED
04/25/18
NO CHANGE
NEED
Full ban of sales to Huawei 'highly improbable,' says Needham
Needham analysts Alex Henderson and N. Quinn Bolton said they sees the chances of an outright ban of sales to Huawei as "extremely low," adding that it is their understanding the probe into Huawei has been ongoing for the last two years while noting that the ZTE probe took over five years to complete. The ironic impact of any escalation in trade tension could be an increase in demand from Huawei to build an inventory buffer should there be a supply disruption, added the analysts, who also say they would not be surprised to see a trade agreement with China include a resolution of the ZTE (ZTCOY) ban and possibly an agreement on the scope of action against Huawei.

TODAY'S FREE FLY STORIES

SNPS

Synopsys

$90.29

1.05 (1.18%)

21:14
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AMZN

Amazon.com

$1,601.77

19.67 (1.24%)

21:04
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Amazon Web Services to invest in Chile as part of LatAm expansion, Reuters says »

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    Jun

SRRK

Scholar Rock

$0.00

(0.00%)

21:01
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Scholar Rock 5.36M share IPO priced at $14.00 »

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  • 24

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KNSA

Kiniksa

$0.00

(0.00%)

21:00
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Kiniksa 8.5M share IPO priced at $18.00 »

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  • 24

    May

GSKY

GreenSky

$0.00

(0.00%)

20:58
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Syndicate
GreenSky 38M share IPO priced at $23.00 »

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  • 24

    May

SAIL

SailPoint

$23.30

1.29 (5.86%)

20:56
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SailPoint 17.808M share Secondary priced at $22.50 »

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  • 24

    May

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    May

CLPS

CLPS

$0.00

(0.00%)

20:55
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Syndicate
CLPS 2M share IPO priced at $5.25 »

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  • 24

    May

MDT

Medtronic

$85.29

0.305 (0.36%)

, MCK

McKesson

$146.84

0.39 (0.27%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

$85.29

0.305 (0.36%)

MCK

McKesson

$146.84

0.39 (0.27%)

BBY

Best Buy

$75.73

0.255 (0.34%)

HRL

Hormel Foods

$35.82

-0.01 (-0.03%)

TTC

Toro Company

$60.32

-0.08 (-0.13%)

SAFM

Sanderson Farms

$107.13

1.19 (1.12%)

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  • 24

    May

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  • 02

    Jun

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    Jun

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    Jun

BPOP

Popular

$46.94

-0.31 (-0.66%)

20:07
05/23/18
05/23
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20:07
Hot Stocks
Popular announces early termination of FDIC shared-loss agreements »

Popular, Inc announced…

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WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

20:04
05/23/18
05/23
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20:04
Recommendations
Williams-Sonoma analyst commentary at Loop Capital »

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  • 23

    May

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

, SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

19:59
05/23/18
05/23
19:59
05/23/18
19:59
Periodicals
Breaking Periodicals news story on iShares MSCI South Korea Index Fund, SPDR S&P 500 ETF Trust, S&P 500 »

N Korea foreign ministry…

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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CVX

Chevron

$128.70

0.465 (0.36%)

19:39
05/23/18
05/23
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19:39
Hot Stocks
Canadian court affirms dismissal of suit against Chevron subsidiary »

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EA

Electronic Arts

$133.49

1.31 (0.99%)

19:19
05/23/18
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19:19
Hot Stocks
Electronic Arts CTO sells 10,000 common shares »

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CCL

Carnival

$64.67

-0.39 (-0.60%)

19:14
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Carnival CEO expects China to become the largest cruise market, CNBC says »

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  • 30

    May

PBR

Petrobras

$15.10

-0.6 (-3.82%)

19:11
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Petrobras slashes diesel price 10% to resolve trucker protest, Reuters says »

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SRPT

Sarepta

$88.94

-0.24 (-0.27%)

19:05
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Sarepta granted orphan status for DMD treatment golodirsen »

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  • 20

    Jun

BZLFF

Bunzl

$0.00

(0.00%)

19:03
05/23/18
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19:03
Downgrade
Bunzl rating change at Goldman Sachs »

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WUBA

58.com

$84.56

1.39 (1.67%)

19:02
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Earnings
Breaking Earnings news story on 58.com »

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  • 24

    May

  • 10

    Sep

WUBA

58.com

$84.56

1.39 (1.67%)

19:01
05/23/18
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Earnings
58.com reports Q1 adjusted earnings per ADS 33c, consensus 21c »

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  • 24

    May

  • 10

    Sep

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

, LASR

nLight

$30.00

-1.79 (-5.63%)

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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

WSM

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$49.21

1.91 (4.04%)

LASR

nLight

$30.00

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SNPS

Synopsys

$90.29

1.05 (1.18%)

LB

L Brands

$34.05

0.06 (0.18%)

NTAP

NetApp

$66.61

-0.41 (-0.61%)

DGLY

Digital Ally

$2.55

-0.075 (-2.86%)

FCAU

Fiat Chrysler

$22.47

-0.155 (-0.69%)

TM

Toyota

$134.85

-0.89 (-0.66%)

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  • 23

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    Jul

CPRT

Copart

$52.93

-0.06 (-0.11%)

18:54
05/23/18
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18:54
Earnings
Copart reports Q3 adjusted EPS 52c, consensus 50c »

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  • 24

    May

AAPL

Apple

$188.36

1.08 (0.58%)

, VLKAY

Volkswagen

$0.00

(0.00%)

18:45
05/23/18
05/23
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18:45
Periodicals
Apple signs pact with VW over self-driving cars, NY Times says »

Apple (AAPL) has signed…

AAPL

Apple

$188.36

1.08 (0.58%)

VLKAY

Volkswagen

$0.00

(0.00%)

BMWYY

BMW

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

18:24
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18:24
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Periodicals
Breaking Periodicals news story on Petrobras »

Petrobras under scrutiny…

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NFLX

Netflix

$344.70

13.08 (3.94%)

, CMCSA

Comcast

$31.87

-0.64 (-1.97%)

18:03
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Netflix market value now higher than Comcast, Recode says »

Netflix's (NFLX)…

NFLX

Netflix

$344.70

13.08 (3.94%)

CMCSA

Comcast

$31.87

-0.64 (-1.97%)

CMCSK

Comcast

$0.00

(0.00%)

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CE

Celanese

$113.87

-0.05 (-0.04%)

18:01
05/23/18
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18:01
Hot Stocks
Celanese to increase selling prices on acetyl intermediate products »

To raise prices on Vinyl…

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