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AVGO

Broadcom

$243.44

-7.13 (-2.85%)

, CA

CA Technologies

$37.22

0.07 (0.19%)

17:48
07/11/18
07/11
17:48
07/11/18
17:48

Broadcom near $18B deal to buy CA Technologies, WSJ reports

Broadcom (AVGO) is close to a deal to acquire CA Technologies (CA) for over $18B, or $44.50 per share, the Wall Street Journal reports, citing people familiar with the matter. Assuming it doesn't fall through, the deal could be announced later Wednesday, the report says. A deal would be a major strategic move for Broadcom just months after its hostile takeover bid for Qualcomm (QCOM) was stymied by U.S. President Donald Trump, the report says. The impending deal took certain industry watchers by surprise, as it represents expansion into a whole new area for Broadcom, the report notes. Reference Link

AVGO

Broadcom

$243.44

-7.13 (-2.85%)

CA

CA Technologies

$37.22

0.07 (0.19%)

QCOM

Qualcomm

$57.31

-1.05 (-1.80%)

AVGO Broadcom
$243.44

-7.13 (-2.85%)

06/08/18
CHLM
06/08/18
NO CHANGE
Target $330
CHLM
Buy
Broadcom remains a 'free cash flow machine,' says Craig-Hallum
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating and $330 price target on Broadcom (AVGO) following its Q2 earnings report, calling the company a free cash flow generating "machine." Stoss said in a research note that although management seemed to paint a more muted picture in the near-term, he is looking for a strong second half of the year driven by a rebound in their wireless business in connection with Apple's (AAPL) next generation phone ramp, and expects Broadcom to pursue smaller M&A with Qualcomm (QCOM) now in the rearview mirror.
06/12/18
KEYB
06/12/18
NO CHANGE
KEYB
Apple iPhone inventories normalize, Galaxy S9 continue to disappoint, says KeyBanc
KeyBanc analyst John Vinh says his latest carrier surveys indicate stable sell-through of Apple's (AAPL) iPhone 8/X, and in line with store expectations. Accordingly, days of inventory have normalized at about 5 DOI and are consistent with healthy levels seen in past cycles, he adds. Conversely, the analyst notes that sell-through of the Samsung's (SSNLF) GS9 continues to deteriorate, accompanied by an increase in DOI. However, he notes a significant reduction in absolute inventories. While GS9 gives him pause, stable sell-through, and normalized iPhone 8/X inventories leave him incrementally more constructive ahead of the 2H ramp of the new iPhone 9 cycle. Vihn recommends investors continue to own Broadcom (AVGO), Skyworks (SWKS), and Synaptics (SYNA).
06/15/18
BNCH
06/15/18
INITIATION
Target $300
BNCH
Buy
Broadcom initiated with a Buy at Benchmark
Benchmark started Broadcom with a Buy rating and $300 price target. The firm calls the company an "execution machine" that is trading at a valuation "discount."
06/21/18
LOOP
06/21/18
INITIATION
LOOP
Buy
Broadcom initiated with a Buy at Loop Capital
Loop Capital analyst Cody Acree initiated Broadcom with a Buy rating and $306 price target, saying the company is well-positioned and trading at a discount to its large-cap peer group.
CA CA Technologies
$37.22

0.07 (0.19%)

05/30/18
JPMS
05/30/18
NO CHANGE
JPMS
Neutral
CA visibility reduced due to ASC 606, says JPMorgan
JPMorgan analyst Sterling Auty says a key point from CA Technologies' analyst day presentation slides are the impacts of Accounting Standards Codification 606. CA's revenue recognition will see significant moving parts from the adoption of ASC 606, as a considerable portion of revenue will now be recognized upfront, Auty tells investors in a research note. He believes this "reduces visibility and increases volatility." On the positive side, the analyst likes CA's share repurchase program and expectation for 24% growth in the SaaS business through 2021. He has a Neutral rating on CA shares.
10/06/17
NOMU
10/06/17
NO CHANGE
Target $275
NOMU
Buy
Nomura Instinet lays out potential takeover targets for Broadcom
With revenues this year on track to reach $17B, few opportunities in the semiconductor space exist that would move the needle for Broadcom Limited (AVGO), Nomura Instinet analyst Romit Shah tells investors in a research note. As a result, the analyst believes the company could be looking to acquire companies in peripheral spaces. Shah's analysis yields CA Technologies (CA), NetApp (NTAP), Juniper (JNPR), Garmin (GRMN), Trimble (TRMB), Akamai (AKAM), F5 Networks (FFIV), Ciena (CIEN) and EchoStar (SATS) as possible takeover targets. The analyst thinks Broadcom shares may continue to "languish" in the near term given uncertainty with the Brocade acquisition and iPhone supply constraints. Shah, however, remains optimistic in Broadcom's ability to generate $20-plus in earnings per share in the future. He keeps a Buy rating on the shares with a $275 price target.
06/14/18
JPMS
06/14/18
DOWNGRADE
Target $53
JPMS
Neutral
JPMorgan downgrades Oracle after CIO survey shows spending contraction
JPMorgan analyst Mark Murphy downgraded Oracle (ORCL) to Neutral from Overweight and lowered his price target for the shares to $53 from $55. The stock closed yesterday down 18c to $48.27. The shares have risen from the $30s into the high $40s over the last two years, but the company's fundamental performance has remained inconsistent, Murphy tells investors in a research note. Further, the analyst notes that in his firm's recent survey of 154 chief investment officers, Oracle received the largest number of indications for planned spending contraction this year, materially more than the second-worst company. The CIOs indicate contraction in Oracle spending this year, placing the company alongside IBM (IBM), Checkpoint (CHKP), and CA (CA), Murphy contends. He notes the results of his firm's CIO surveys over the years "have been highly predictive."
09/18/17
KEYB
09/18/17
INITIATION
KEYB
Sector Weight
CA Technologies resumed with a Sector Weight at KeyBanc
KeyBanc analyst Alex Kurtz resumed coverage of CA Technologies with a Sector Weight rating. The current valuation is near the high end of the historical range while declines in the legacy solutions business will likely remain a drag, the analyst contends.
QCOM Qualcomm
$57.31

-1.05 (-1.80%)

06/27/18
NORL
06/27/18
NO CHANGE
NORL
Underperform
Intel could lose spot as second modem source at Apple, says Northland
Northland analyst Gus Richard said earlier that contacts he spoke with at the Design Automation conference indicated that that MediaTek might become the second source to Qualcomm (QCOM) at Apple (AAPL) for modems, displacing Intel (INTC). Additionally, while it has been rumored in the press previously that Apple is working on its own CPU for its notebooks to replace the Intel chip it currently uses, Richard said this rumor was confirmed by one contact. Richard maintains an Underperform rating on Intel shares, which are down 1.2% to $49.06 in afternoon trading.
06/11/18
RHCO
06/11/18
DOWNGRADE
Target $119
RHCO
Hold
NXP Semiconductors downgraded to Hold at SunTrust on valuation
As reported earlier, SunTrust analyst William Stein downgraded NXP Semiconductors (NXPI) to Hold from Buy and kept his $119 price target, saying the current stock price is above fair value and demands "an explicit view" that the Qualcomm (QCOM) bid will receive approval from China regulators. Stein notes that currently, the likelihood of such approval would be "only a guess", but adds that the run-up in the stock price since his April upgrade was in response to a sentiment shift over trade negotiations with China, which has been "robust". The analyst further states that last week's agreement between the U.S. government and ZTE (ZTCOY) has made sentiment around the Qualcomm bid "sanguine".
06/05/18
06/05/18
NO CHANGE

Qualcomm announces joint effort with Sprint to offer unlimited data
Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a joint effort with Sprint (S) for Sprint to offer its customers free unlimited data in 2018 with AutoPay on Qualcomm Snapdragon Always Connected PCs from Asus, HP and Lenovo. Consumers expect an always-connected computing experience, and this offer is set to change the way people work, create and play on mobile PC devices as the ultrathin and 2-in-1 device category grows.

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GS

Goldman Sachs

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Dollar Tree

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Dollar General

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Amazon.com

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CAG

Conagra Brands

$36.10

0.2725 (0.76%)

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Pinnacle Foods

$66.45

0.22 (0.33%)

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Pinnacle Foods to host special shareholder meeting »

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Pinnacle Foods

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CRON

Cronos Group

$11.66

-0.07 (-0.60%)

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ABC

AmerisourceBergen

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0.98 (1.09%)

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Walgreens Boots Alliance

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0.8 (1.07%)

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Periodicals
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Walgreens Boots Alliance

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CJREF

Corus Entertainment

$0.00

(0.00%)

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13:49
Upgrade
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DVMT

Dell Technologies

$95.51

0.52 (0.55%)

13:46
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Periodicals
Dell still thinks offer 'in best interest of DVMT shareholders,' Bloomberg says »

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U.S. corporate bond update: several financials are on tap »

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FDC

First Data

$23.61

0.56 (2.43%)

13:40
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Options
8K First Data Jan 25 - 27 call spreads trade for 55c »

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SNE

Sony

$57.24

0.99 (1.76%)

, BTC

Bitcoin

$0.00

(0.00%)

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SNE

Sony

$57.24

0.99 (1.76%)

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Bitcoin

$0.00

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BITCOIN

Bitcoin

$0.00

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Treasury Option Action: 10-year positioning »

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TTWO

Take-Two

$131.41

3.43 (2.68%)

, ATVI

Activision Blizzard

$77.79

2.09 (2.76%)

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Take-Two

$131.41

3.43 (2.68%)

ATVI

Activision Blizzard

$77.79

2.09 (2.76%)

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WHR

Whirlpool

$108.01

2.6 (2.47%)

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13:26
Periodicals
AHAM reports U.S. shipments of major home appliances down 0.4% in September »

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SYMC

Symantec

$20.20

0.42 (2.12%)

13:25
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Options
Symantec call volume above normal and directionally bullish »

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SGRY

Surgery Partners

$14.56

0.34 (2.39%)

, UNH

UnitedHealth

$270.48

10.68 (4.11%)

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SGRY

Surgery Partners

$14.56

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UNH

UnitedHealth

$270.48

10.68 (4.11%)

HCA

HCA Healthcare

$134.76

1.9 (1.43%)

THC

Tenet

$26.32

0.69 (2.69%)

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IBM

IBM

$144.39

3.27 (2.32%)

, AMZN

Amazon.com

$1,799.99

39 (2.21%)

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IBM

$144.39

3.27 (2.32%)

AMZN

Amazon.com

$1,799.99

39 (2.21%)

MSFT

Microsoft

$110.61

3.01 (2.80%)

ORCL

Oracle

$48.18

1.06 (2.25%)

GOOG

Alphabet

$1,117.65

25.65 (2.35%)

GOOGL

Alphabet Class A

$1,130.17

28.59 (2.60%)

GRPN

Groupon

$3.59

0.085 (2.43%)

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XENT

Intersect ENT

$28.91

-1 (-3.34%)

, REGN

Regeneron

$396.44

18.64 (4.93%)

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XENT

Intersect ENT

$28.91

-1 (-3.34%)

REGN

Regeneron

$396.44

18.64 (4.93%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

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DUK

Duke Energy

$81.02

0.89 (1.11%)

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AAPL

Apple

$219.86

2.59 (1.19%)

, ZTCOY

ZTE Corp.

$0.00

(0.00%)

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Apple, ZTE named as respondents in USITC probe of LTE, 3G cellular devices »

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AAPL

Apple

$219.86

2.59 (1.19%)

ZTCOY

ZTE Corp.

$0.00

(0.00%)

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13:05
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Euro$ interest rate futures are idling sideways »

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WHR

Whirlpool

$108.28

2.87 (2.72%)

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Hot Stocks
Whirlpool rises to session high, up 3% »

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  • 15

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AXSM

Axsome Therapeutics

$3.38

0.04 (1.20%)

13:03
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Axsome Therapeutics granted orphan status for narcolepsy treatment »

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