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QCOM

Qualcomm

$59.12

0.36 (0.61%)

09:58
07/19/18
07/19
09:58
07/19/18
09:58

Qualcomm says 'disappointed' with continued EU investigation, Reuters reports

Qualcomm is "disappointed" with the decision by EU antitrust regulators to continue an investigation into a case where it has been accused of charging below cost prices to impede Icera, a British phone software maker, Reuters reports. In a statement, Qualcomm General Counsel Don Rosenberg commented that "While the investigation has been narrowed, we are disappointed to see it continues and will immediately begin preparing our response to this supplementary statement of objections. We believe that once the Commission has reviewed our response it will find that Qualcomm's practices are pro-competitive and fully consistent with European competition rules." Reference Link

  • 25

    Jul

QCOM Qualcomm
$59.12

0.36 (0.61%)

07/16/18
MSCO
07/16/18
NO CHANGE
MSCO
Equal Weight
Morgan Stanley says odds rising of NXP walking away if China won't approve deal
Morgan Stanley analyst Craig Hettenbach said that he, and colleague James Faucette who covers Qualcomm (QCOM) at the firm, agree that closing their deal is the best path forward for both NXP Semiconductors (NXPI) and Qualcomm. However, given that the merger agreement expires in 9 days and U.S. China trade relations have taken an "uncertain turn," he thinks that the odds of NXP walking away and collecting a $2B break fee have increased if China does not approve the deal. Hettenbach sees 18% upside to the $127.50 takeout price and 14% downside to the $92 level of support he has previously identified in the event of a deal break and maintains an Equal Weight rating on NXP shares.
07/12/18
ADAM
07/12/18
NO CHANGE
Target $335
ADAM
Buy
'Unexpected' proposed CA deal expands Broadcom's TAM, says Canaccord
Canaccord analyst T. Michael Walkley reiterated a Buy rating and $335 price target on Broadcom (AVGO) following its "unexpected" $18.9B bid to buy CA Technologies (CA), telling investors in a research note that post its failed bid for Qualcomm (QCOM), Broadcom remains committed to generating double digit earnings growth through share buybacks, acquisitions and organic growth. Though Broadcom has previously focused acquisitions on semiconductor companies in the wireless, wired and storage markets, the analyst says the proposed CA acquisition expands Broadcom's TAM, adds recurring revenue with higher margins and pivots Broadcom's focus to acquiring mission critical technology companies outside of just the semiconductor market.
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".

TODAY'S FREE FLY STORIES

CAH

Cardinal Health

$46.90

0.91 (1.98%)

16:53
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Conference/Events
Morgan Stanley healthcare tech analyst to hold analyst/industry conference call »

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GOOG

Alphabet

$1,149.14

10.81 (0.95%)

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Alphabet Class A

$1,154.26

8.98 (0.78%)

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On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

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GOOG

Alphabet

$1,149.14

10.81 (0.95%)

GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

MSFT

Microsoft

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0.71 (0.56%)

HD

Home Depot

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KSS

Kohl's

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JCP

J.C. Penney

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CR

Crane

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CIR

Circor

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12.45 (40.63%)

AAPL

Apple

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3.52 (1.92%)

INTC

Intel

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0.88 (2.02%)

ARWR

Arrowhead

$21.33

2.39 (12.62%)

ARRY

Array BioPharma

$25.75

4.8 (22.91%)

BCRX

BioCryst

$3.48

-3.92 (-52.97%)

MNK

Mallinckrodt

$9.87

-3.15 (-24.19%)

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CVI

CVR Energy

$47.29

0.9 (1.94%)

16:46
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16:46
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16:46
Hot Stocks
CVR Energy to evaluate strategic alternatives, including 'potential sale' »

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  • 30

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SFIX

Stitch Fix

$24.57

1.23 (5.27%)

16:46
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16:46
Hot Stocks
Park West Asset Management reports 5% passive stake in Stitch Fix »

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PTVCA

Protective Insurance

$16.00

(0.00%)

, AIG

AIG

$52.49

0.06 (0.11%)

16:45
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16:45
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16:45
Hot Stocks
Protective Insurance appoints Jeremy Johnson as CEO »

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PTVCA

Protective Insurance

$16.00

(0.00%)

AIG

AIG

$52.49

0.06 (0.11%)

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TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:43
05/21/19
05/21
16:43
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16:43
Hot Stocks
Toll Brothers reports Q2 home sales gross margin 23.5% vs.22.5% last year »

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TDS

Telephone and Data

$31.64

0.245 (0.78%)

16:43
05/21/19
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16:43
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16:43
Hot Stocks
Telephone and Data VP Joseph Hanley sells almost $499K in company shares »

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  • 23

    May

PKOH

Park-Ohio

$35.48

1.03 (2.99%)

16:41
05/21/19
05/21
16:41
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16:41
Hot Stocks
Park-Ohio reaches agreement in principle to acquire Erie Press Systems »

ParkOhio announced that…

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TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:41
05/21/19
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16:41
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16:41
Hot Stocks
Toll Brothers CFO sees 'slower demand and rising incentives' in Q3 »

CFO Martin Connor says: …

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  • 22

    May

16:39
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16:39
General news
API crude inventories for week of May 17 »

API reports that crude…

G

Genpact

$36.41

0.09 (0.25%)

16:36
05/21/19
05/21
16:36
05/21/19
16:36
Syndicate
Genpact files to sell 10M shares of common stock for holders »

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  • 05

    Jun

AL

Air Lease

$37.91

0.68 (1.83%)

, EADSY

Airbus

$0.00

(0.00%)

16:35
05/21/19
05/21
16:35
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16:35
Hot Stocks
Air Lease announces delivery of New Airbus A350-900 aircraft to Sichuan Airlines »

Air Lease Corporation…

AL

Air Lease

$37.91

0.68 (1.83%)

EADSY

Airbus

$0.00

(0.00%)

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  • 13

    Nov

TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:35
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16:35
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16:35
Hot Stocks
Toll Brothers sees Q3 deliveries 1.8K-2.0K units with avg price $855K-$880K »

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  • 22

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FLNT

Fluent

$5.63

0.4 (7.65%)

16:33
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Hot Stocks
Fluent promotes Tamara Alesi to CGO »

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TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:33
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Hot Stocks
Toll Brothers reports Q2 home building deliveries 1.9K, up 1% »

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  • 22

    May

ESRT

Empire State Realty

$15.77

0.18 (1.15%)

16:33
05/21/19
05/21
16:33
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16:33
Hot Stocks
Empire State Realty CFO David Karp steps down, Andrew Prentice named acting CFO »

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  • 04

    Jun

KHC

Kraft Heinz

$31.98

0.19 (0.60%)

16:33
05/21/19
05/21
16:33
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16:33
Hot Stocks
Kraft Heinz still not in compliance with Nasdaq listing rule »

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TOL

Toll Brothers

$38.34

0.82 (2.19%)

16:31
05/21/19
05/21
16:31
05/21/19
16:31
Earnings
Toll Brothers reports Q2 EPS 87c, consensus 75c »

Reports Q2 revenue…

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  • 22

    May

MYL

Mylan

$19.67

0.225 (1.16%)

16:30
05/21/19
05/21
16:30
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16:30
Hot Stocks
FDA: Mylan broadens recall of Valsartan tablets »

Mylan N.V.External Link…

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  • 31

    May

16:30
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Options
Preliminary option volume of 15.0M today »

Preliminary option volume…

CDAY

Ceridian

$51.19

1.04 (2.07%)

16:29
05/21/19
05/21
16:29
05/21/19
16:29
Syndicate
Ceridian files to sell 8M shares of common stock for holders »

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IT

Gartner

$154.12

1.62 (1.06%)

16:25
05/21/19
05/21
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Hot Stocks
Gartner VP Robin Kranich sellls over $980K in company shares »

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PSTG

Pure Storage

$20.60

0.6 (3.00%)

16:22
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05/21
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Hot Stocks
Pure Storage down 17% to $17.10 after Q1 results miss estimates »

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EXPR

Express

$3.45

0.08 (2.37%)

16:21
05/21/19
05/21
16:21
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16:21
Hot Stocks
Express appoints Timothy Baxter CEO »

Express announced that…

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OOMA

Ooma

$14.49

-0.45 (-3.01%)

16:20
05/21/19
05/21
16:20
05/21/19
16:20
Earnings
Ooma narrows FY20 EPS view to (24c)-(19c) from (24c)-(14c), consensus (19c) »

Raises FY20 revenue view…

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