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AMD

AMD

$16.12

-0.19 (-1.16%)

, NVDA

Nvidia

$266.45

4.19 (1.60%)

15:43
06/14/18
06/14
15:43
06/14/18
15:43

Graphics card retail ASPs fell in Q2 as crypto demand waned, says Susquehanna

Susquehanna analyst Christopher Rolland released the firm's Q2 "PC-SIGnals" report on semiconductor trends within the PC supply chain, noting that GPU availability has improved dramatically and retail average selling prices were down 18.5% quarter-over-quarter, which he attributes to waning crypto demand for GPUs. Retail prices, while not representative of wholesale GPU ASPs, likely correlate somewhat with end-market demand, Rolland tells investors. He also said that AMD's (AMD) desktop CPU share increased again in Q2, hitting 15.2%, but its laptop CPU share "hit a new low at just 3.2%." The analyst, who called the GPU price info negative for AMD and Nvidia (NVDA), has Neutral ratings on both of those stocks. AMD shares are down 1.5% in late day trading.

AMD

AMD

$16.12

-0.19 (-1.16%)

NVDA

Nvidia

$266.45

4.19 (1.60%)

  • 10

    Jul

  • 12

    Jul

AMD AMD
$16.12

-0.19 (-1.16%)

06/01/18
STFL
06/01/18
NO CHANGE
Target $17
STFL
Buy
AMD price target raised to $17 from $14 at Stifel
Stifel analyst Kevin Cassidy increased his estimates for AMD following his review of the processor market, stating that the company continuing to meet its product introduction milestones is increasing their customers' confidence in adopting AMD CPUs and GPUs. The analyst, who believes AMD's EPYC server CPU is winning server designs, raised his price target on AMD shares to $17 from $14 and keeps a Buy rating on the stock.
05/18/18
05/18/18
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. MasterCard (MA) initiated with a Neutral at UBS. 2. AMD (AMD) initiated with an Outperform at Cowen while Intel (INTC) was initiated with a Market Perform. 3. Synthetic Biologics (SYN) initiated with a Buy at H.C. Wainwright. 4. Amneal Pharmaceuticals (AMRX) initiated with a Neutral at JPMorgan. 5. Apollo Commercial (ARI) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/18/18
COWN
05/18/18
INITIATION
Target $18
COWN
Outperform
Cowen starts AMD at Outperform, sees potential for taking share from Intel
As reported previously, Cowen analyst Matthew Ramsay initiated AMD (AMD) with an Outperform rating. The analyst believes the company's 7nm products will gain market share versus Intel's (INTC) 10nm silicon in 2019 /2020. Ramsay has a $18 price target on AMD shares.
NVDA Nvidia
$266.45

4.19 (1.60%)

06/14/18
BOFA
06/14/18
NO CHANGE
BOFA
New Nintendo games could accelerate demand for Nvidia GPUs, says BofA/Merrill
BofA Merrill Lynch analyst Vivek Arya said Nintendo's (NTDOY) unveiling of potentially "platform-defining titles" at the E3 show could drive more sustained demand for the Switch and could accelerate demand for Nvidia (NVDA) GPUs in 2019. Arya also noted that Nvidia's CEO created controversy at Computex last week, but the analyst thinks his comment about next-gen game cards being "a long time away" was misinterpreted. Arya thinks the next-gen Volta/Turing game cards are still on track for release in the second half of 2018, he tells investors.
06/06/18
MSCO
06/06/18
NO CHANGE
MSCO
Overweight
Nvidia comments on consumer gaming GPU look like a setback, says Morgan Stanley
Morgan Stanley analyst Joseph Moore noted that Nvidia CEO Jensen Huang said it will be "a long time" before the next generation consumer graphics chip for gamers is seen. While the phrase "a long time" is vague and he seeks further color from management, Moore said this appears to be a tactical setback as the product cycle was key to his growth assumptions in the October and January quarters. However, he still sees pent up demand for Pascal gaming products and notes the strong data center ramp is unaffected. Moore keeps an Overweight rating on Nvidia shares.
05/30/18
RSBL
05/30/18
NO CHANGE
RSBL
Smartphone supply chain may have some upside in Q2, says Rosenblatt
Rosenblatt analyst Jun Zhang believes there may be some upside for the smartphone supply chain during Q2 despite conservative guidance from many component providers given the early ramp of production for a new iPhone from Apple (AAPL) at the beginning of August. He also believes Chinese OEMs recently increased their component orders as previous forecasts were too pessimistic and sell through of new smartphone models is getting slightly better. Publicly traded semiconductor makers include Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).

TODAY'S FREE FLY STORIES

AAPL

Apple

$168.25

-0.12 (-0.07%)

, QCOM

Qualcomm

$57.05

1.05 (1.88%)

13:40
12/10/18
12/10
13:40
12/10/18
13:40
Periodicals
Apple says filed appeal against iPhone sales ban in China, CNBC reports »

Apple (AAPL) told CNBC…

AAPL

Apple

$168.25

-0.12 (-0.07%)

QCOM

Qualcomm

$57.05

1.05 (1.88%)

03/08/13
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HYGS

Hydrogenics

$4.51

-0.005 (-0.11%)

13:40
12/10/18
12/10
13:40
12/10/18
13:40
Options
Call buyer in Hydrogenics as shares fall to 52-week lows »

Call buyer in Hydrogenics…

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13:40
12/10/18
12/10
13:40
12/10/18
13:40
General news
Fed Policy Outlook: analysts expect the FOMC to hike rates 25 bps next week »

Fed Policy Outlook:…

13:35
12/10/18
12/10
13:35
12/10/18
13:35
General news
Treasury Option Action: call positioning on bonds »

Treasury Option Action:…

13:30
12/10/18
12/10
13:30
12/10/18
13:30
General news
Short-covering on Apple has lifted it into the green »

Short-covering on Apple…

AAPL

Apple

$168.90

0.53 (0.31%)

, QCOM

Qualcomm

$57.32

1.32 (2.36%)

13:29
12/10/18
12/10
13:29
12/10/18
13:29
Periodicals
Apple tells Reuters request filed with Chinese court to reconsider iPhone ban »

Apple (AAPL) told Reuters…

AAPL

Apple

$168.90

0.53 (0.31%)

QCOM

Qualcomm

$57.32

1.32 (2.36%)

03/08/13
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03/08/13
Credit Suisse
03/06/13
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03/06/13
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PANW

Palo Alto Networks

$178.03

2.92 (1.67%)

13:25
12/10/18
12/10
13:25
12/10/18
13:25
Options
Palo Alto Networks call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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03/06/13
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  • 13

    Dec

  • 19

    Dec

  • 09

    Jan

  • 10

    Jan

TFX

Teleflex

$255.20

-1.42 (-0.55%)

13:24
12/10/18
12/10
13:24
12/10/18
13:24
Conference/Events
Teleflex management to meet with Jefferies »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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  • 13

    Dec

OOMA

Ooma

$14.05

0.05 (0.36%)

13:21
12/10/18
12/10
13:21
12/10/18
13:21
Conference/Events
Ooma management to meet with Jefferies »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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  • 13

    Dec

HUBS

HubSpot

$131.43

3.25 (2.54%)

13:17
12/10/18
12/10
13:17
12/10/18
13:17
Conference/Events
HubSpot management to meet with Jefferies »

Meeting to be held in San…

03/08/13
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03/08/13
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03/06/13
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  • 11

    Dec

  • 13

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
12/10/18
12/10
13:17
12/10/18
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
12/10/18
12/10
13:16
12/10/18
13:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

03/08/13
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AAOI

Applied Optoelectronics

$19.36

0.25 (1.31%)

13:15
12/10/18
12/10
13:15
12/10/18
13:15
Options
Applied Optoelectronics put volume heavy and directionally bearish »

Bearish flow noted in…

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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LIVN

LivaNova

$96.32

1.39 (1.46%)

13:09
12/10/18
12/10
13:09
12/10/18
13:09
Conference/Events
LivaNova management to meet with Jefferies »

Meetings to be held in…

03/08/13
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03/06/13
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  • 12

    Dec

  • 13

    Dec

  • 14

    Dec

MDP

Meredith

$54.67

-0.65 (-1.18%)

13:07
12/10/18
12/10
13:07
12/10/18
13:07
Periodicals
Meredith sued by ex-Nashville anchor for age discrimination, Bloomberg says »

Former Nashville news…

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  • 17

    Dec

NOK

Nokia

$5.68

0.145 (2.62%)

13:05
12/10/18
12/10
13:05
12/10/18
13:05
Options
Nokia call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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CVX

Chevron

$113.63

-1.94 (-1.68%)

13:04
12/10/18
12/10
13:04
12/10/18
13:04
Hot Stocks
Chevron names Navin Mahajan VP, treasurer »

Chevron Corporation named…

03/08/13
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TSLA

Tesla

$359.70

1.86 (0.52%)

12:57
12/10/18
12/10
12:57
12/10/18
12:57
Periodicals
Tesla's Musk suggests new chairwoman 'won't rein him in,' Seattle PI says »

Tesla CEO Elon Musk…

03/08/13
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03/08/13
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  • 13

    Dec

ENDP

Endo

$11.20

-0.36 (-3.11%)

12:55
12/10/18
12/10
12:55
12/10/18
12:55
Options
Endo put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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AAPL

Apple

$166.65

-1.72 (-1.02%)

12:51
12/10/18
12/10
12:51
12/10/18
12:51
Hot Stocks
Breaking Hot Stocks news story on Apple »

Apple turns positive…

03/08/13
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HZNP

Horizon Pharma

$19.05

-0.6 (-3.05%)

12:50
12/10/18
12/10
12:50
12/10/18
12:50
Conference/Events
Horizon Pharma management to meet with Jefferies »

Meeting to be held in San…

03/08/13
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03/06/13
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  • 12

    Dec

  • 12

    Dec

BAC

Bank of America

$24.49

-0.94 (-3.70%)

12:40
12/10/18
12/10
12:40
12/10/18
12:40
Options
Size call spread seller returns to roll again with a Jan2020 7:1 risk/reward »

Size call spread seller…

03/08/13
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  • 12

    Feb

ENVA

Enova International

$19.80

-0.32 (-1.59%)

12:37
12/10/18
12/10
12:37
12/10/18
12:37
Conference/Events
Enova International management to meet with Jefferies »

Meetings to be held in…

03/08/13
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03/06/13
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03/06/13
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  • 12

    Dec

  • 13

    Dec

CI

Cigna

$202.13

-4.07 (-1.97%)

12:35
12/10/18
12/10
12:35
12/10/18
12:35
Options
Cigna put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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03/06/13
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03/06/13
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  • 10

    Jan

FTNT

Fortinet

$73.55

1.92 (2.68%)

12:34
12/10/18
12/10
12:34
12/10/18
12:34
Hot Stocks
Fortinet secures Indian express distribution and logistics firm DTDC Express »

Fortinet announced that…

03/08/13
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  • 10

    Dec

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    Dec

  • 19

    Dec

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