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XPER

Xperi

$18.39

5.59 (43.67%)

, SSNLF

Samsung

$0.00

(0.00%)

12:00
12/10/18
12/10
12:00
12/10/18
12:00

Xperi settlement removes Samsung uncertainty, says Benchmark

After Xperi (XPER) announced a patent license agreement with Samsung (SSNLF) that it said settles all outstanding legal matters between the parties, Benchmark analyst Gary Mobley said he believes the pact "removes nearly all of the uncertainty that has plagued the shares during the past two years." He raised his price target on Xperi shares to $35 from $25 to account for his higher FY19 estimates and keeps an Buy rating on the stock, which he still views as undervalued.

XPER

Xperi

$18.39

5.59 (43.67%)

SSNLF

Samsung

$0.00

(0.00%)

  • 12

    Dec

  • 06

    Jan

XPER Xperi
$18.39

5.59 (43.67%)

11/08/18
CHLM
11/08/18
NO CHANGE
Target $20
CHLM
Buy
Xperi price target lowered to $20 from $25 at Craig-Hallum
Craig-Hallum analyst Richard Shannon lowered his price target for Xperi to $20 from $25 following quarterly results. The analyst reiterates a Buy rating on the shares.
11/08/18
BNCH
11/08/18
NO CHANGE
Target $25
BNCH
Buy
Xperi shares look 'ridiculously cheap,' says Benchmark
Benchmark analyst Gary Mobley reiterated his Buy rating on Xperi shares and called the stock "ridiculously cheap" following the company's better than expected Q3 results and in-line Q4 guidance. However, given the uncertainty if Samsung will renew or not, he lowered his price target on Xperi shares to $25 from $40, stating that he will revisit his estimates and target "when and if Samsung is renewed." Mobley keeps a Buy rating on Xperi.
09/06/18
09/06/18
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. Rite Aid (RAD) reinstated with a Sell at Goldman Sachs. 2. Parker-Hannifin (PH) initiated with an Overweight at Barclays. 3. iRhythm (IRTC) initiated with a Buy at Chardan. 4. Sarepta (SRPT) initiated with an Outperform at Credit Suisse. 5. Xperi (XPER) initiated with a Buy at National Securities. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/18
NATL
09/06/18
INITIATION
Target $31
NATL
Buy
Xperi initiated with a Buy at National Securities
National Securities analyst Matthew Galinko initiated Xperi with a Buy and $31 price target telling investors valuation implies an overly pessimistic view for the IP business and would require a nearly complete failure of the business to rationalize today's valuation. Galinko said this scenario is improbable given Xperi's existing licenses, history of successful assertion processes, and attractive next-gen semiconductor packing technology. The analyst views Xperi's technology assets as compelling and due for significant adoption beginning in 2020.
SSNLF Samsung
$0.00

(0.00%)

11/26/18
RBCM
11/26/18
NO CHANGE
Target $29
RBCM
Outperform
HP executing well, positioned to report in-line Q4, says RBC Capital
RBC Capital analyst Amit Daryanani kept his Outperform rating and $29 price target on HP Inc (HPQ) ahead of its earnings this week, saying the company is positioned to report inline result for Q4 as it continues to execute well. The analyst notes that the stock offers a 10% free cash flow yield and could see some multiple expansion from better organic earnings growth, even though the company is contending with FX related headwinds, lower memory pricing trends, and the declining pace of install base at Samsung (SSNLF) in printing.
11/02/18
NEED
11/02/18
NO CHANGE
Target $125
NEED
Buy
Universal Display price target lowered to $125 from $145 at Needham
Needham analyst James Ricchiuti lowered his price target on Universal Display (OLED) to $125 after its Q3 results and implied guidance suggesting a sequential revenue decline in Q4 of up to 9%. The analyst cites the management's discussion of weaker recovery in materials revenue amid weakness in the smartphone market and the complications from ASC606 standard magnifying changes in the impact of license revenue by a customer such as Samsung (SSNLF). Ricchiuti keeps his Buy rating on Universal Display, saying that the expected decline in the stock price today will bring its risk-reward to "particularly attractive" levels based on the company's 2019 growth expectations.
10/10/18
BFIN
10/10/18
NO CHANGE
BFIN
BlueFin checks show Lumentum received increased orders from Apple
BlueFin analysts John Donovan and Steve Mullane say their firm's latest supply chain checks suggest "strong and stable" iPhone demand. While unit demand has not changed, the mix to higher storage models has increased, which should benefit Toshiba (TOSBF), Samsung (SSNLF), and Micron Technology (MU), Donovan and Mullane tell investors in a research note. Further, BlueFin's latest checks reveal Lumentum (LITE) has received increased orders recently while competitors II-VI (IIVI) and Finisar (FNSR) continue to focus on securing second-source positioning. The latest on the two latter companies is mixed, but overall "encouraging," the analysts contend. As far as the rumors that Apple is exploring internal VCSEL development, they believe this is "more of a negotiating tactic at this point." VCSEL demand "looks to be skyrocketing" and the frustration in developing a secure second-source has likely caused Apple to explore internal development, write Donovan and Mullane. They understand Apple has looked into fabs in Taiwan to see about VCSEL development but note the earliest this could materialize is 2020-2021. This is likely more of a "call to arms" by Apple for Finisar, II-VI, and Lumentum to increase production to meet the demand, "or else face the consequences."
09/25/18
MKMP
09/25/18
NO CHANGE
Target $7.5
MKMP
Buy
Nokia gaining 5G market share with AT&T, says MKM Partners
MKM Partners analyst Michael Genovese kept his Buy rating and $7.50 price target on Nokia (NOK), saying his checks indicate that the company has "gained significant 5G base station market share at AT&T (T) at Ericsson's (ERIC) expense". The analyst notes that while 4G/LTE market share at AT&T was 65% Ericsson and 35% Nokia, the 5G Wireless Access infrastructure market share is likely at 65% Nokia and 35% Samsung (SSNLF). Genovese sees Nokia becoming the "prime infrastructure vendor" heading into 2019 - the year of "major positive global inflection for 5G".

TODAY'S FREE FLY STORIES

HPQ

HP Inc.

$20.17

0.05 (0.25%)

, XRX

Xerox

$38.95

0.295 (0.76%)

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HPQ

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XRX

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$38.95

0.295 (0.76%)

GOLD

Barrick Gold

$16.57

-0.095 (-0.57%)

PCG

PG&E

$7.41

0.71 (10.60%)

FOX

Fox Corp.

$33.60

0.14 (0.42%)

FOXA

Fox Corp.

$34.26

0.04 (0.12%)

SNE

Sony

$62.03

0.23 (0.37%)

BR

Broadridge

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0.485 (0.41%)

MDT

Medtronic

$112.11

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DIS

Disney

$144.63

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BRK.A

Berkshire Hathaway

$329,361.11

266.11 (0.08%)

BRK.B

Berkshire Hathaway

$219.74

0.38 (0.17%)

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RCEL

Avita Medical

$8.13

-0.06 (-0.73%)

20:39
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EIDX

Eidos Therapeutics

$46.58

1.33 (2.94%)

20:37
11/17/19
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Recommendations
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  • 18

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COO

Cooper Companies

$301.97

2.64 (0.88%)

20:30
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  • 05

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CRM

Salesforce

$163.20

0.18 (0.11%)

20:21
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11/17
20:21
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20:21
Recommendations
Salesforce analyst commentary at Jefferies »

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CCMP

Cabot Microelectronics

$155.89

2.68 (1.75%)

20:15
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Earnings
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  • 18

    Nov

CCMP

Cabot Microelectronics

$155.89

2.68 (1.75%)

20:15
11/17/19
11/17
20:15
11/17/19
20:15
Earnings
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  • 18

    Nov

CCMP

Cabot Microelectronics

$155.89

2.68 (1.75%)

20:14
11/17/19
11/17
20:14
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20:14
Earnings
Cabot Microelectronics reports Q4 EPS $1.68, consensus $1.63 »

Reports Q4 revenue…

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  • 18

    Nov

JEF

Jefferies Financial Group

$19.08

0.16 (0.85%)

20:13
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NIO

NIO Inc.

$1.82

0.07 (4.01%)

20:11
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NIO Inc. appoints Wei Feng CFO »

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GOLD

Barrick Gold

$16.57

-0.095 (-0.57%)

20:09
11/17/19
11/17
20:09
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20:09
Hot Stocks
Barrick Gold to sell 50% stake in Australian mine for $750M in cash »

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GOLD

Barrick Gold

$16.57

-0.095 (-0.57%)

15:40
11/17/19
11/17
15:40
11/17/19
15:40
Periodicals
Saracen close to buying Barrick Gold mine stake for $750M, Bloomberg says »

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ESPR

Esperion

$40.51

0.67 (1.68%)

15:11
11/17/19
11/17
15:11
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15:11
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  • 21

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PCG

PG&E

$7.41

0.71 (10.60%)

15:06
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11/17
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  • 07

    Jan

XRX

Xerox

$38.95

0.295 (0.76%)

, HPQ

HP Inc.

$20.17

0.05 (0.25%)

15:04
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Hot Stocks
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XRX

Xerox

$38.95

0.295 (0.76%)

HPQ

HP Inc.

$20.17

0.05 (0.25%)

03/08/13
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03/06/13
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  • 26

    Nov

  • 09

    Dec

FOX

Fox Corp.

$33.60

0.14 (0.42%)

, FOXA

Fox Corp.

$34.26

0.04 (0.12%)

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On The Fly
Box Office Battle: 'Ford v Ferrari' races to top, 'Charlie's Angels' disappoints »

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FOX

Fox Corp.

$33.60

0.14 (0.42%)

FOXA

Fox Corp.

$34.26

0.04 (0.12%)

LGF.A

Lionsgate

$9.67

0.315 (3.37%)

LGF.B

Lionsgate

$9.07

0.345 (3.96%)

SNE

Sony

$62.03

0.23 (0.37%)

VIA

Viacom

$26.59

1.28 (5.06%)

VIAB

Viacom

$23.07

0.59 (2.62%)

T.CA

TELUS Corp. (Toronto)

$0.00

(0.00%)

CMCSA

Comcast

$44.54

-0.93 (-2.05%)

CMCSK

Comcast

$0.00

(0.00%)

DIS

Disney

$144.63

-2.56 (-1.74%)

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  • 09

    Dec

JNJ

Johnson & Johnson

$134.97

3.99 (3.05%)

13:36
11/17/19
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Periodicals
J&J rushed to test baby powder and got complicated results, WSJ says »

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  • 22

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BA

Boeing

$371.55

4.25 (1.16%)

13:24
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Boeing 737 makes emergency landing after engine malfunction, NY Post says »

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AZN

AstraZeneca

$47.46

0.09 (0.19%)

13:17
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  • 18

    Nov

  • 07

    Dec

LLY

Eli Lilly

$113.18

1.8 (1.62%)

13:11
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11/17
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Hot Stocks
Analysis shows Jardiance decreased risk of hospitalization for heart failure »

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  • 30

    Jan

AZN

AstraZeneca

$47.46

0.09 (0.19%)

13:09
11/17/19
11/17
13:09
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13:09
Hot Stocks
AstraZeneca says data shows Farxiga reduces risks in heart failure patients »

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  • 18

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BA

Boeing

$371.55

4.25 (1.16%)

13:05
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Hot Stocks
Boeing, Biman announce order for two 787-9 Dreamliner jets »

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BBIO

BridgeBio

$28.26

0.55 (1.98%)

, EIDX

Eidos Therapeutics

$46.58

1.33 (2.94%)

13:03
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11/17
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13:03
Hot Stocks
BridgeBio, Eidos present 'positive' data from Phase 2 clinical trial of AG10 »

BridgeBio Pharma (BBIO)…

BBIO

BridgeBio

$28.26

0.55 (1.98%)

EIDX

Eidos Therapeutics

$46.58

1.33 (2.94%)

03/08/13
Wedge Partners
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03/06/13
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  • 18

    Nov

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    Nov

CLBS

Caladrius

$2.64

-0.06 (-2.22%)

13:01
11/17/19
11/17
13:01
11/17/19
13:01
Hot Stocks
Caladrius reports 'positive' results for CLBS16 from ESCaPE-CMD trial »

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KNSA

Kiniksa

$6.52

0.1 (1.56%)

12:59
11/17/19
11/17
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11/17/19
12:59
Hot Stocks
Kiniksa presents Rilonacept final Phase 2 clinical data »

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