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TSM

TSMC

$44.93

0.83 (1.88%)

06:56
09/25/18
09/25
06:56
09/25/18
06:56

TSMC to construct new plant for advanced packaging technology, DigiTimes reports

A new TSMC plant in northern Taiwan is being constructed to offer the company's advanced packaging technology, according to DigiTimes, citing local government sources. The new fab is expected to enhance TSMC's back end packaging capability to get a leg up in the 10nm segment. Taiwan's Environmental Protection Administration has begun its impact assessment on the land meant for construction of the fab. Reference Link

TSM TSMC
$44.93

0.83 (1.88%)

08/28/18
FBCO
08/28/18
NO CHANGE
Target $13.5
FBCO
Neutral
AMD shares 'more fully valued than cheap,' says Credit Suisse
While the transition to TSMC (TSM) for all 7nm products is a positive for AMD (AMD) given TSMC's "successful record of leading-edge manufacturing," AMD does not expect the transition to impact its long-term financial model, Credit Suisse analyst John Pitzer told investors last night in a research note. Further, the transition could have a dampening near-term financial impact as AMD has pre-negotiated annual purchase targets with GF thru 2020 that requires AMD to make quarterly payments based on the volume of wafers purchased from other foundries, the analyst adds. He notes that the departure of Jim Anderson, who is leaving AMD to become the CEO of Lattice Semiconductor (LSCC), is the latest executive departure at the company. While AMD's intellectual property is "extremely valuable" and investors continue to underestimate accelerating compute demand across all architectures, the stock appears "more fully valued than cheap" at current levels, Pitzer writes. The analyst maintains a Neutral rating on AMD with a $13.50 price target. The chipmaker in early trading is up 41c to $25.67.
08/29/18
MKMP
08/29/18
NO CHANGE
Target $20
MKMP
Neutral
Advanced Micro Devices price target raised to $20 from $13.50 at MKM Partners
MKM Partners analyst Ruben Roy raised his price target on Advanced Micro Devices (AMD) to $20, citing continued strength of the PC and data center end markets as well as his underestimated "new product momentum". The analyst also sees this week's expected announcement regarding a shift in 7nm production to TSMC (TSM) to benefit its long-term margin structure. Roy keeps his Neutral rating on AMD however, noting that its valuation of 38-times his expected forward earnings already reflects the high expectations.
09/18/18
MSCO
09/18/18
UPGRADE
MSCO
Overweight
TSMC upgraded to Overweight from Equal Weight at Morgan Stanley
09/19/18
09/19/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Transocean (RIG) upgraded to Outperform from Market Perform at Wells Fargo with analyst Judson Bailey saying he "significantly" increased his EBITDA and net asset value estimates across the offshore drilling space to reflect increasing demand combined with tightening availability for high spec ultra-deepwater rigs. 2. TSMC (TSM) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. Mechel (MTL) upgraded to Neutral from Sell at Citi. 4. Juniper (JNPR) upgraded to Buy from Neutral at Nomura Instinet with analyst Jeffrey Kvaal saying he believes Juniper "will finally be able to catch the webscale capex growth tailwind in 2019." 5. E-Trade (ETFC) upgraded to Buy from Hold at Jefferies with analyst Daniel Fannon saying the stock's current valuation is attractive for the core business while the financial and strategic benefits as a takeout candidate remain intact. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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OXY

Occidental Petroleum

$53.49

0.74 (1.40%)

21:25
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Downgrade
Occidental Petroleum rating change at Wells Fargo »

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TIGR

UP Fintech

$5.63

-0.14 (-2.43%)

20:41
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Hot Stocks
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TJX

TJX

$52.95

-0.08 (-0.15%)

, HD

Home Depot

$190.87

-1.66 (-0.86%)

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Earnings
Notable companies reporting before tomorrow's open »

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TJX

TJX

$52.95

-0.08 (-0.15%)

HD

Home Depot

$190.87

-1.66 (-0.86%)

AZO

AutoZone

$978.78

-5.21 (-0.53%)

KSS

Kohl's

$62.95

-0.68 (-1.07%)

EV

Eaton Vance

$37.27

-0.535 (-1.42%)

JCP

J.C. Penney

$1.15

0.01 (0.88%)

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JCOM

j2 Global

$86.48

-0.23 (-0.27%)

20:22
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j2 Global CFO sells 10K shares of common stock »

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ATTO

Atento

$3.24

-0.14 (-4.14%)

19:58
05/20/19
05/20
19:58
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19:58
Earnings
Atento sees FY19 revenue flat to up single digits »

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ATTO

Atento

$3.24

-0.14 (-4.14%)

19:57
05/20/19
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19:57
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19:57
Earnings
Atento reports Q1 recurring EPS (6c), consensus 10c »

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ITCB

Itau Corpbanca

$12.95

(0.00%)

19:38
05/20/19
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19:38
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19:38
Hot Stocks
Itau Corpbanca dissolves subsidiary Corplegal »

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OCUL

Ocular Therapeutix

$3.36

-0.1 (-2.89%)

19:36
05/20/19
05/20
19:36
05/20/19
19:36
Recommendations
Ocular Therapeutix analyst commentary at Piper Jaffray »

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    Jun

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    Nov

YGYI

Youngevity

$6.57

0.13 (2.02%)

, QFIN

360 Finance

$16.46

0.71 (4.51%)

18:55
05/20/19
05/20
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18:55
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

YGYI

Youngevity

$6.57

0.13 (2.02%)

QFIN

360 Finance

$16.46

0.71 (4.51%)

ARWR

Arrowhead

$18.94

-0.52 (-2.67%)

TRIP

TripAdvisor

$44.93

-0.07 (-0.16%)

ASNA

Ascena Retail

$1.13

-0.125 (-9.96%)

KR

Kroger

$24.04

-0.18 (-0.74%)

SNAP

Snap

$11.19

-0.3 (-2.61%)

NDSN

Nordson

$130.42

-4.8 (-3.55%)

OCUL

Ocular Therapeutix

$3.36

-0.1 (-2.89%)

SWI

SolarWinds

$19.16

0.04 (0.21%)

MRCY

Mercury Systems

$72.85

-0.11 (-0.15%)

VNE

Veoneer

$18.89

0.02 (0.11%)

GH

Guardant Health

$78.29

2.13 (2.80%)

CVNA

Carvana

$67.17

-0.935 (-1.37%)

INSM

Insmed

$28.08

-1.08 (-3.70%)

VAR

Varian Medical

$130.48

-0.26 (-0.20%)

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TOL

Toll Brothers

$37.52

-0.88 (-2.29%)

18:47
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Hot Stocks
Toll Brothers acquires Sharp Residential, terms not disclosed »

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18:45
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General news
Breaking General news story  »

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TTWO

Take-Two

$102.94

-3.82 (-3.58%)

18:44
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Hot Stocks
Take-Two CEO: Our job is to excite customers »

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AAL

American Airlines

$30.96

-0.8 (-2.52%)

18:40
05/20/19
05/20
18:40
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18:40
Periodicals
American Air asks court to halt alleged mechanics unions' slowdown, Reuters says »

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LWAY

Lifeway Foods

$2.75

0.05 (1.85%)

18:38
05/20/19
05/20
18:38
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Earnings
Lifeway Foods reports Q1 EPS (2c) vs. 0c last year »

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  • 20

    Jun

WHLR

Wheeler REIT

$2.25

0.025 (1.13%)

18:31
05/20/19
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18:31
Hot Stocks
Wheeler REIT chairman John Sweet to resign »

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WMT

Walmart

$101.54

0.66 (0.65%)

, TGT

Target

$72.10

1.22 (1.72%)

18:03
05/20/19
05/20
18:03
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18:03
Periodicals
Judge says Walmart, Target, Bed Bath must face suits over cotton, Reuters says »

U.S. District Judge…

WMT

Walmart

$101.54

0.66 (0.65%)

TGT

Target

$72.10

1.22 (1.72%)

BBBY

Bed Bath & Beyond

$14.48

-0.525 (-3.50%)

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QFIN

360 Finance

$16.46

0.71 (4.51%)

18:02
05/20/19
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18:02
Earnings
360 Finance reports Q1 net income $117.5M, up 382% from last year »

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MRK

Merck

$78.86

0.15 (0.19%)

18:02
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Merck falls after Keytruda trial does not meet OS primary endpoint »

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PRIM

Primoris

$20.26

-0.08 (-0.39%)

17:55
05/20/19
05/20
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17:55
Hot Stocks
Primoris director sells 99.8K shares of common stock »

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BK

BNY Mellon

$45.97

-0.11 (-0.24%)

, LM

Legg Mason

$35.68

0.295 (0.83%)

17:44
05/20/19
05/20
17:44
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17:44
Hot Stocks
BNY Mellon announces Ed Garden to step down from board of directors »

BNY Mellon (BK) announced…

BK

BNY Mellon

$45.97

-0.11 (-0.24%)

LM

Legg Mason

$35.68

0.295 (0.83%)

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  • 17

    Jul

DHR

Danaher

$130.33

-0.81 (-0.62%)

17:44
05/20/19
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17:44
Hot Stocks
VP of Danaher Angela Lalor sells over $408K in company shares »

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  • 29

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.95

-2.03 (-0.71%)

17:43
05/20/19
05/20
17:43
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17:43
Periodicals
Judge dismisses Trump request to block accounting subpoena, WSJ says »

U.S. District Judge Amit…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.95

-2.03 (-0.71%)

03/08/13
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LM

Legg Mason

$35.68

0.295 (0.83%)

17:40
05/20/19
05/20
17:40
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17:40
Hot Stocks
Legg Mason names Nelson Peltz, Ed Garden to board of directors »

Legg Mason announced that…

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