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CREE

Cree

$50.17

-0.11 (-0.22%)

, ZTCOY

ZTE Corp.

$0.00

(0.00%)

08:46
08/15/18
08/15
08:46
08/15/18
08:46

Cree organic growth above expectations, but LED to decline, says Needham

Needham analyst Y. Edwin Mok kept his Hold rating on Cree (CREE) after its Q4 results, saying that while the company beat on earnings, its mixed Q1 outlook was attributed to sequentially lower LED and Lighting segment sales. The analyst expects LED business to continue declining due to the impact of U.S. tariff and capacity shifts at Wolfspeed, even though the company's organic growth is tracking ahead of expectations with additional tailwinds coming from the ZTE (ZTCOY) supply resolution.

CREE

Cree

$50.17

-0.11 (-0.22%)

ZTCOY

ZTE Corp.

$0.00

(0.00%)

  • 10

    Sep

CREE Cree
$50.17

-0.11 (-0.22%)

08/03/18
ADAM
08/03/18
INITIATION
Target $61
ADAM
Buy
Cree initiated with a Buy at Canaccord
Canaccord analyst Jed Dorsheimer initiated Cree with a Buy rating citing the management team's focus on the high power, high value silicon carbide and gallium nitride components and LED components. He believes the company is well positioned in the various secular themes of electrification in the transportation markets as well as high voltage applications in industrial automation. Dorsheimer has a $61 price target on Cree shares.
07/19/18
NOMU
07/19/18
INITIATION
NOMU
Nomura rolls out Analog Semi coverage, names ON top pick
Nomura Instinet analyst Krysten Sciacca last night rolled out coverage on Analog Semiconductors. The analyst expects the group to outperform throughout the remainder of 2018 given its "steadier business models" versus other semi sectors, "strong" free cash flow generation and the "strong" demand coming from the auto and industrial applications. Her top pick is ON Semiconductor (ON), which the analyst initiated with a Buy rating and $30 price target. ON currently trades at a 35% discount to the Analog group, but its multiple should expand as investors come to better appreciate the company's exposure to industrial and auto, Sciacca told investors in a research note. She believes the company's 2020 target model will likely prove conservative. Sciacca also initiated coverage of Microchip (MCHP) with a Buy rating and $110 price target. The stock currently trades at a 22% discount to the comp group, but its "aggressive" de-leveraging, market share gains, and "strong" executional track record warrant the stock returning to its historical five-year average premium of 2%, the analyst contends. She initiated Cree (CREE) with a Hold rating and $44 price target saying the stock is already pricing in tailwinds and assumed coverage of Analog Devices (ADI) with a Neutral rating and $100 price target.
07/19/18
07/19/18
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. Clorox (CLX) initiated with a Sell at UBS. 2. Cree (CREE) initiated with a Neutral at Nomura Instinet. 3. Paycom (PAYC) initiated with a Buy at Needham. 4. Lonestar Resources (LONE) initiated with a Buy at SunTrust. 5. ON Semiconductor (ON) initiated with a Buy at Nomura Instinet. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/18/18
NOMU
07/18/18
INITIATION
Target $44
NOMU
Neutral
Cree initiated with a Neutral at Nomura Instinet
Nomura initiated Cree with a Neutral and $44 price target.
ZTCOY ZTE Corp.
$0.00

(0.00%)

08/03/18
DADA
08/03/18
NO CHANGE
Target $37
DADA
Neutral
Acacia Communications price target raised to $37 from $30 at DA Davidson
DA Davidson analyst Mark Kelleher raised his price target on Acacia Communications (ACIA) to $37 but kept his Neutral rating after its Q2 results. The analyst states that the company's "unique focus on silicon as a substrate material" will allow for reduced cost and power requirements, adding that Acacia also has a "competitive edge" in the coherent optical transceiver market. While the results were impacted by China weakness, the analyst notes that the ban on sales to ZTE (ZTCOY) has now been lifted, leading to likely improvement in Q3.
07/30/18
NEED
07/30/18
NO CHANGE
Target $120
NEED
Strong Buy
NXP Semiconductors price target lowered to $120 from $130 at Needham
Needham analyst Rajvindra Gill lowered his price target on NXP Semiconductors (NXPI) to $120 to reflect last week's sell-off that followed its earnings, buyback, and terminated Qualcomm (QCOM) deal. The analyst also keeps his Strong Buy rating and believes that investors will re-evaluated the shares, given that the company's revenue mix is much healthier on combination of auto, industrial and internet of things end markets, while the revenues lost from ZTE (ZTCOY) component import ban should resume in Q3.
07/26/18
RHCO
07/26/18
NO CHANGE
Target $76
RHCO
Hold
Xilinx price target raised to $76 from $70 at SunTrust
SunTrust analyst William Stein raised his price target on Xilinx (XLNX) to $76, saying the company posted "solid" Q2 earnings and Q3 outlook. Stein also keeps his Hold rating on the stock, noting its already high 23-times earnings multiple along with volatility coming from the crypto space and ZTE (ZTCOY) trade related uncertainty.
07/20/18
DADA
07/20/18
NO CHANGE
Target $125
DADA
Buy
Skyworks price target lowered to $125 from $130 at DA Davidson
DA Davidson analyst Thomas Diffely lowered his price target on Skyworks (SWKS) to $125 after its Q3 results, saying he is taking a more conservative stance with more normal seasonal trends from the current base. The analyst also notes that while the impact of rising U.S.-China trade tensions is still minor, the risks are "unknown" and the supply chain rebuild from the lifted ZTE (ZTCOY) supplier ban can take months. Longer term, Diffely keeps his Buy rating on Skyworks based on its first mover advantage in 5G, exposure to Internet of Things and mobility technologies, and the connected economy driving a 40% increase in global data traffic.

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WOLWF

Woolworths Group

$0.00

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LLESY

Lendlease Group

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EFSC

Enterprise Financial

$41.41

0.99 (2.45%)

17:56
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Earnings
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FB

Facebook

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1.77 (1.19%)

16:36
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16:36
Periodicals
Facebook planning to add 1,000 jobs in Ireland by year-end, Reuters says »

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FB

Facebook

$150.01

1.77 (1.19%)

16:33
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Periodicals
Facebook's WhatsApp limits users to five text forwards, Reuters reports »

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ENB

Enbridge

$36.10

0.425 (1.19%)

16:28
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Enbridge gas pipeline explosion creates fireball in Ohio, Reuters says »

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LIN

Linde plc

$160.76

3.48 (2.21%)

16:25
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16:25
Periodicals
Linde Plc to launch $6B share buyback scheme, Reuters says »

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  • 28

    May

HENKY

Henkel

$0.00

(0.00%)

16:01
01/21/19
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16:01
Downgrade
Henkel rating change at Goldman Sachs »

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CAG

Conagra Brands

$21.58

0.34 (1.60%)

14:06
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Conagra exploring alternatives for Italian-based frozen pasta business »

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  • 22

    Jan

13:15
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General news
IMF trimmed global growth amid "no-deal" Brexit and trade war concerns »

IMF trimmed global growth…

UQM

UQM Technologies

$1.10

0.05 (4.76%)

13:05
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Hot Stocks
UQM Technologies acquired by Danfoss Power Solutions for $1.71 per share »

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SNY

Sanofi

$41.50

-0.54 (-1.28%)

12:37
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Sanofi granted U.K. marketing authorization for TIV High Dose »

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RTN

Raytheon

$165.11

2.285 (1.40%)

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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

11:26
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Independent Bank boosts quarterly dividend by 20% to 18c »

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  • 29

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11:25
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General news
FX Update: The dollar majors have been directionally challenged »

FX Update: The dollar…

EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

11:25
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Editas Medicine announces publication of EDIT-101 data in Nature Medicine »

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

, GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

11:23
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$1,098.25

6.96 (0.64%)

GOOGL

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$1,106.92

7.52 (0.68%)

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LAD

Lithia Motors

$87.13

1.57 (1.84%)

10:25
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Conference/Events
Lithia Motors to host special shareholder meeting »

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CYDY

CytoDyn

$0.00

(0.00%)

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Conference/Events
CytoDyn participates in lunch meeting with Philadelphia Securities »

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  • 21

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ABT

Abbott

$71.43

0.9 (1.28%)

09:50
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SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

09:48
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TS

Tenaris

$24.32

0.64 (2.70%)

09:45
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Tenaris closes acquisition of 47.79% of Saudi Steel Pipe shares »

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

09:42
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Pan American reports 2018 silver production 24.8M ounces »

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CRWS

Crown Crafts

$5.68

(0.00%)

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AL

Air Lease

$37.50

0.6 (1.63%)

, BA

Boeing

$364.79

5.52 (1.54%)

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Air Lease

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BA

Boeing

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5.52 (1.54%)

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