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TSM

TSMC

$35.64

-0.41 (-1.14%)

, INTC

Intel

$47.38

-0.61 (-1.27%)

08:57
11/21/18
11/21
08:57
11/21/18
08:57

TSMC set to win 'major coup' with IBM server chip deal, Nikkei says

Well-placed supply chain sources told the Nikkei Asian Review that IBM (IBM) will use Taiwan Semiconductor Manufacturing's (TSM) premium server chips in its next-generation mainframe servers. The Nikkei calls the potential win a "major coup" for TSMC as it seeks to challenge Intel (INTC), which is said to supply 96% of the chips used in data center servers. Reference Link

TSM

TSMC

$35.64

-0.41 (-1.14%)

INTC

Intel

$47.38

-0.61 (-1.27%)

IBM

IBM

$117.17

-3.2 (-2.66%)

  • 26

    Nov

  • 04

    Dec

  • 03

    Mar

TSM TSMC
$35.64

-0.41 (-1.14%)

10/15/18
DADA
10/15/18
NO CHANGE
Target $225
DADA
Buy
Lam Research price target lowered to $225 from $275 at DA Davidson
DA Davidson analyst Thomas Diffely lowered his price target on Lam Research (LRCX) to $225 and also lowered his FY19 EPS view to $14.75 from $16.15 ahead of its earnings tomorrow, saying the company's call will "set the tone" for the rest of the "semicap" earnings season. The analyst notes that prior expectations called for a trough in Q3 and some modest recovery in Q4, but now anticipates the sluggishness to continue into Q4. Diffely keeps his Buy rating on Lam Research however, urging investors to be "aggressive buyers" on any weakness from softer Q4 guidance. He states that the semiconductor recovery should begin in early 2019 and ramp throughout the year with "key drivers already in place for the delayed projects to resume". The analyst further notes that the "pushouts" from Intel (INTC) and TSMC (TSM) were likely the "function of yield optimization and timing related issues" rather than "diminishing long term industry fundamentals".
11/16/18
11/16/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Home Depot (HD) downgraded to Neutral from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying peak growth has passed. 2. J.C. Penney (JCP) downgraded to Sell from Hold at Argus with analyst John Eade saying he anticipates continued losses for the stock for the next two years while also warning that at a current share price below $2, the company is operating with a more elevated risk. 3. Nvidia (NVDA) was downgraded to Neutral from Buy at B. Riley FBR and to Buy from Conviction Buy at Goldman Sachs. 4. Michael Kors (KORS) downgraded to Perform from Outperform at Oppenheimer with analyst Brian Nagel saying he is "concerned" that ongoing challenges with inventory management and replenishment at the company's namesake brand and softness within fashion watches will weigh on top-line trends and potentially margins, just as management begins the integration of Versace. 5. TSMC (TSM) was downgraded to Equal Weight from Overweight at Morgan Stanley while UMC (UMC) was downgraded to Underweight from Equal Weight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/16/18
11/16/18
DOWNGRADE

Underweight
UMC downgraded to Underweight on broadening semi down cycle at Morgan Stanley
As previously reported, Morgan Stanley analyst Charlie Chan downgraded UMC (UMC) to Underweight from Equal Weight, citing evidence that the semi down cycle is broadening, with bad news in the smartphone supply chain now emerging following signs of weakness in automotive, industrial and cloud semis over the past few months. He lowered his price target on UMC shares to NT$9.60 from NT$13.30 while also lowering his Greater China Semiconductors industry view to Cautious. Chan also downgraded TSMC (TSM) to Equal Weight from Overweight.
11/16/18
MSCO
11/16/18
DOWNGRADE
MSCO
Equal Weight
TSMC downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Charlie Chan downgraded TSMC (TSM) to Equal Weight from Overweight, stating that he is concerned that recent Apple (AAPL) iPhone supply chain order cuts "could be just the first wave" and weak orders from Apple "could be a new normal for TSMC" if next year's iPhone doesn't have attractive features. Chan, who doesn't think secular growth drivers are strong enough to differentiate the stock in a logic semi downcycle, lowered his price target on TSMC shares to NT$239 from NT$253.
INTC Intel
$47.38

-0.61 (-1.27%)

11/08/18
STFL
11/08/18
NO CHANGE
Target $58
STFL
Hold
Qualcomm price target lowered to $58 from $62 at Stifel
Stifel analyst Kevin Cassidy lowered his price target on Qualcomm (QCOM) to $58 from $62 following the company's quarterly report, noting that MSM shipments are expected to decline about 20% in fiscal Q1, 50% of which is due to Apple (AAPL) now using Intel (INTC) modems. He is impressed with the 5G traction highlighted by management and believes Qualcomm's lead in 5G may encourage Apple to settle, but various litigation issues keep Cassidy on the sidelines with a Hold rating on Qualcomm shares.
11/07/18
PIPR
11/07/18
NO CHANGE
Target $20
PIPR
Neutral
Applied Optoelectronics price target lowered to $20 from $29 at Piper Jaffray
Piper Jaffray analyst Troy Jensen lowered his price target on Applied Optoelectronics (AAOI) to $20 after its Q3 results, saying the company posted another "disappointing quarter" with "execution missteps" and market share loss to competitors. The analyst believes that Finisar (FNSR) and Intel (INTC) have likely gained share as "transceiver shipments to a key account were delayed due to quality problems with 25g lasers". The analyst keeps his Neutral rating and a cautious stance on Applied Optoelectronics based on its "high degree of customer concentration and persistent execution problems."
11/07/18
JEFF
11/07/18
NO CHANGE
Target $30
JEFF
Buy
Jefferies sees 'watershed events' boosting AMD datacenter share 10-fold
Three "watershed events" over the next six months will materially improve AMD's (AMD) competitive position in datacenter, Jefferies analyst Mark Lipacis tells investors in a research note. The world's first 7nm graphics processing unit will be available in Q4, the world's first 7nm server micro processing unit will be available in Q2 of 2019, and Amazon Web Services (AMZN) is deploying AMD Server MPU instances at a 10% discount to Intel (INTC) now, the analyst writes following AMD's Datacenter Day. He believes these three events position AMD to increase its market share to 30% from 3% in the $29B datacenter market over the next three-to-five years. Lipacis reiterates a Buy rating on shares of AMD with a $30 price target. The stock in premarket trading is up 56c, or 3%, to $21.24.
11/19/18
MKMP
11/19/18
NO CHANGE
Target $58
MKMP
Buy
Intel to benefit from market expansion with higher multiples, says MKM Partners
MKM Partners analyst Ruben Roy kept his Buy rating and $58 price target on Intel, saying he maintain a positive outlook on its shares in spite of the "increasingly volatile environment for semiconductor stocks". The analyst further notes that the bears are focused on the "increasing competition and tougher compares" going into 2019, but he sees the company benefiting from expanding total addressable market in data-centric end markets, leading Intel to higher multiples.
IBM IBM
$117.17

-3.2 (-2.66%)

11/06/18
JMPS
11/06/18
INITIATION
Target $29
JMPS
Outperform
Anaplan initiated with an Outperform at JMP Securities
JMP Securities analyst Patrick Walravens initiated Anaplan (PLAN) with an Outperform rating and $29 price target, stating that he believes it is well-positioned to increase its share of the worldwide performance management and analytic applications software market from about 1% today to about 3% in 2022. He sees the company being able to take share from Excel-based solutions, homegrown products, and incumbents such as Oracle (ORCL), IBM (IBM), and SAP (SAP), Walravens added.
11/05/18
KEYB
11/05/18
DOWNGRADE
KEYB
Sector Weight
Red Hat downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Alex Kurtz downgraded Red Hat (RHT) to Sector Weight from Overweight after IBM (IBM) announced an acquisition offer for $190 per share. The analyst sees minimal upside to the takeout price of $190, or about $34B in enterprise value, for a transaction that will close in 2H19 and sees minimal potential for another strategic acquirer making a second, larger offer.
11/05/18
NEED
11/05/18
DOWNGRADE
NEED
Hold
Red Hat downgraded to Hold from Buy at Needham
Needham analyst Jack Andrews downgraded Red Hat (RHT) to Hold and removed his prior $183 price target after the company's announced acquisition by IBM (IBM). With both boards having approved the deal, the analyst expects the purchase to close in the second half of 2019, adding that the remaining upside for the stock to the $190 per share deal price is insufficient to continue with his Buy rating.
10/30/18
UBSW
10/30/18
NO CHANGE
Target $150
UBSW
Buy
IBM price target lowered to $150 from $180 at UBS
UBS analyst John Roy lowered his price target on IBM (IBM) to $150 from $180 following its announced deal to buy Red Hat (RHT). The analyst likes the deal and expects investors will see it as a step in the right direction with investors sentiment improving and the company showing it is not afraid to make changes. Roy reiterated his Buy rating on IBM shares.

TODAY'S FREE FLY STORIES

IIPR

Innovative Industrial Properties

$90.00

-0.175 (-0.19%)

13:09
03/23/19
03/23
13:09
03/23/19
13:09
Periodicals
Innovative Industrial Properties flying high, Barron's says »

American cannabis…

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CAT

Caterpillar

$129.80

-4.1 (-3.06%)

13:05
03/23/19
03/23
13:05
03/23/19
13:05
Periodicals
Investors missing how far Caterpillar dug into costs, Barron's says »

Caterpillar has made…

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    Jun

MO

Altria Group

$55.90

-0.23 (-0.41%)

12:59
03/23/19
03/23
12:59
03/23/19
12:59
Periodicals
E-cigarettes not helping people quit smoking, Barron's says »

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MAN

Manpower

$80.83

-5.02 (-5.85%)

, SABR

Sabre

$21.02

-0.62 (-2.87%)

12:51
03/23/19
03/23
12:51
03/23/19
12:51
Periodicals
Sabre, j2 Global among mid-cap stocks with sustainable dividends, Barron's says »

When it comes to…

MAN

Manpower

$80.83

-5.02 (-5.85%)

SABR

Sabre

$21.02

-0.62 (-2.87%)

WBS

Webster Financial

$48.90

-3.03 (-5.83%)

NATI

National Instruments

$44.16

-1.28 (-2.82%)

JCOM

j2 Global

$84.63

-1.95 (-2.25%)

03/08/13
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  • 25

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MSFT

Microsoft

$117.05

-3.6 (-2.98%)

, GME

GameStop

$10.57

0.03 (0.28%)

12:47
03/23/19
03/23
12:47
03/23/19
12:47
Periodicals
Gaming meets the cloud as investors scramble to catch up, Barron's says »

The cloud will eventually…

MSFT

Microsoft

$117.05

-3.6 (-2.98%)

GME

GameStop

$10.57

0.03 (0.28%)

AMD

AMD

$26.43

-1.47 (-5.27%)

SNE

Sony

$42.09

-1.915 (-4.35%)

GOOGL

Alphabet Class A

$1,206.00

-30.38 (-2.46%)

GOOG

Alphabet

$1,204.85

-26.86 (-2.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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    Oct

LYFT

Lyft

$0.00

(0.00%)

12:42
03/23/19
03/23
12:42
03/23/19
12:42
Periodicals
Investors should avoid booking ride when Lyft goes public, Barron's says »

Lyft will soon be going…

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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  • 25

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    Mar

DIS

Disney

$108.30

-0.36 (-0.33%)

, AAPL

Apple

$191.11

-3.96 (-2.03%)

12:38
03/23/19
03/23
12:38
03/23/19
12:38
Periodicals
Streaming revolution too complicated, Barron's says »

The streaming revolution…

DIS

Disney

$108.30

-0.36 (-0.33%)

AAPL

Apple

$191.11

-3.96 (-2.03%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$39.56

-0.49 (-1.22%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 25

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    Apr

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FB

Facebook

$164.25

-1.83 (-1.10%)

, GOOG

Alphabet

$1,204.85

-26.86 (-2.18%)

08:18
03/23/19
03/23
08:18
03/23/19
08:18
On The Fly
Week in review: How Trump's policies moved stocks »

Catch up on the top…

FB

Facebook

$164.25

-1.83 (-1.10%)

GOOG

Alphabet

$1,204.85

-26.86 (-2.18%)

GOOGL

Alphabet Class A

$1,206.00

-30.38 (-2.46%)

TWTR

Twitter

$32.98

0.37 (1.13%)

GM

General Motors

$36.51

-0.84 (-2.25%)

AMD

AMD

$26.43

-1.47 (-5.27%)

INTC

Intel

$53.20

-1.41 (-2.58%)

MRVL

Marvell

$19.69

-1.11 (-5.34%)

MCHP

Microchip

$85.50

-1.83 (-2.10%)

MU

Micron

$41.68

-2.32 (-5.27%)

NVDA

Nvidia

$177.40

-6.52 (-3.55%)

QCOM

Qualcomm

$56.71

-1.05 (-1.82%)

TXN

Texas Instruments

$109.51

-2.68 (-2.39%)

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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    May

  • 28

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  • 04

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21:30
03/22/19
03/22
21:30
03/22/19
21:30
General news
Breaking General news story  »

Chicago Federal Reserve…

21:15
03/22/19
03/22
21:15
03/22/19
21:15
General news
Breaking General news story  »

Atlanta Federal Reserve…

PLNT

Planet Fitness

$66.76

-0.825 (-1.22%)

18:44
03/22/19
03/22
18:44
03/22/19
18:44
Hot Stocks
Planet Fitness CEO: We have a streamlined business model »

In an interview on…

03/08/13
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IRDM

Iridium

$26.40

-0.38 (-1.42%)

18:22
03/22/19
03/22
18:22
03/22/19
18:22
Hot Stocks
Iridium CEO: We've doubled our bottom line over the past eight years »

In an interview on…

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  • 28

    Mar

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

18:05
03/22/19
03/22
18:05
03/22/19
18:05
General news
Sen. Sanders calls on White House to make Mueller report public »

U.S. Senator and…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

03/08/13
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03/08/13
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IDTI

Integrated Device

$47.80

-0.04 (-0.08%)

, RNECY

Renesas

$0.00

(0.00%)

18:02
03/22/19
03/22
18:02
03/22/19
18:02
Hot Stocks
Integrated Device, Renesas receive final approval for merger »

Renesas Electronics…

IDTI

Integrated Device

$47.80

-0.04 (-0.08%)

RNECY

Renesas

$0.00

(0.00%)

03/08/13
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  • 25

    Mar

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

17:48
03/22/19
03/22
17:48
03/22/19
17:48
General news
Senator Warren urges AG Barr to release Mueller report to the public »

U.S. Senator and…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

03/08/13
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03/06/13
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BA

Boeing

$362.49

-10.2 (-2.74%)

17:44
03/22/19
03/22
17:44
03/22/19
17:44
Hot Stocks
Lawmaker urges FAA, Boeing workers to utilize whistleblower page »

Chair of the House…

03/08/13
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  • 28

    May

GLD

SPDR Gold Shares

$123.97

0.29 (0.23%)

17:44
03/22/19
03/22
17:44
03/22/19
17:44
Hot Stocks
SPDR Gold Shares holdings rise to 781.03MT from 778.09MT »

This is the highest level…

03/08/13
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17:40
03/22/19
03/22
17:40
03/22/19
17:40
General news
Weekly CFTC Commitment of Traders highlights »

10-YEAR U.S. TREASURY net…

ONEXF

Onex

$0.00

(0.00%)

17:35
03/22/19
03/22
17:35
03/22/19
17:35
Hot Stocks
Onex to acquire Gluskin Sheff »

Onex Corporation and…

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DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

17:35
03/22/19
03/22
17:35
03/22/19
17:35
Syndicate
Breaking Syndicate news story on DASAN Zhone »

DASAN Zhone files to sell…

03/08/13
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03/06/13
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  • 28

    May

REPH

Recro Pharma

$9.73

0.1 (1.04%)

17:35
03/22/19
03/22
17:35
03/22/19
17:35
Hot Stocks
Breaking Hot Stocks news story on Recro Pharma »

Recro Pharma trading…

03/08/13
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  • 24

    Mar

DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

17:35
03/22/19
03/22
17:35
03/22/19
17:35
Syndicate
Breaking Syndicate news story on DASAN Zhone »

DASAN Zhone files to sell…

03/08/13
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  • 28

    May

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

17:34
03/22/19
03/22
17:34
03/22/19
17:34
General news
White House says hasn't received, been briefed on Mueller report, WSJ says »

Following confirmation…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

03/08/13
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03/06/13
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CATS

Catasys

$13.19

-0.39 (-2.87%)

17:26
03/22/19
03/22
17:26
03/22/19
17:26
Syndicate
Breaking Syndicate news story on Catasys »

Catasys files $50M mixed…

03/08/13
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03/08/13
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03/06/13
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USWS

U.S. Well Services

$7.74

-0.54 (-6.52%)

17:20
03/22/19
03/22
17:20
03/22/19
17:20
Syndicate
Breaking Syndicate news story on U.S. Well Services »

U.S. Well Services files…

03/08/13
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03/06/13
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