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MXL

MaxLinear

$17.18

-0.21 (-1.21%)

, INTC

Intel

$47.73

0.31 (0.65%)

08:43
01/09/19
01/09
08:43
01/09/19
08:43

MaxLinear announces collaboration with Intel

MaxLinear (MAX) announced that it is working with Intel (INTC) and Cable industry leaders, including Charter (CHTR), Comcast (CMCSA), and Cox, on a new family of 10 Gigabit ready gateway platforms for the home. The new platforms will support 10 Gigabit Full Duplex DOCSIS 3.1 to deliver multi-gigabit upload and download speeds. MaxLinear is currently developing a new front-end SoC for these platforms based on its patented Full-Spectrum Capture technology that includes sophisticated diagnostic and spectrum management capabilities. The front-end will include high speed connectivity to Intel's next-generation gateway SoC. Intel's SoC will offer powerful computing and networking performance and is architected for a wide range of WAN, LAN and WLAN use cases to help MSOs achieve optimal performance and improve Quality of Service

MXL

MaxLinear

$17.18

-0.21 (-1.21%)

INTC

Intel

$47.73

0.31 (0.65%)

CHTR

Charter

$300.42

-0.87 (-0.29%)

CMCSA

Comcast

$35.70

0.28 (0.79%)

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MXL MaxLinear
$17.18

-0.21 (-1.21%)

01/04/19
JPMS
01/04/19
INITIATION
Target $18
JPMS
Neutral
MaxLinear initiated with a Neutral at JPMorgan
JPMorgan analyst Bill Peterson started MaxLinear with a Neutral rating and $18 price target. The analyst sees 2019 being a year of transition for the company with varying performance across its reporting segments. He expects MaxLinear to return to year-over-year revenue growth in 2020.
10/25/18
SUSQ
10/25/18
DOWNGRADE
Target $18
SUSQ
Neutral
MaxLinear downgraded to Neutral at Susquehanna
As reported previously, Susquehanna analyst Christopher Rolland downgraded MaxLinear to Neutral from Positive. The analyst cited weakening data points from earlier reporting companies and he reduced his estimates for Q4 and beyond. Rolland lowered his price target to $18 from $21 on MaxLinear shares.
10/25/18
SUSQ
10/25/18
DOWNGRADE
SUSQ
Neutral
MaxLinear downgraded to Neutral from Positive at Susquehanna
10/18/18
STFL
10/18/18
NO CHANGE
STFL
Stifel lowers analog and IoT semiconductor estimates on broad-based slowdown
Stifel analyst Tore Svanberg said he expects Q3 to come in essentially in line with expectations for analog and IoT semiconductor companies, but sees their Q4 outlooks being impacted by a potential supply-chain correction or slower end-market growth. He now believes 2019 will now be a down year, projecting a 2%-4% contraction, and sees companies aligned with strong secular growth stories as poised to outperform their peers. Svanberg identifies Monolithic Power (MPWR), Silicon Labs (SLAB), Semtech (SMTC) and Quantenna (QTNA) as among the companies he sees being aligned with strong secular growth stories. In conjunction with the sector preview, Svanberg lowered his price targets on Monolithic Power, Silicon Labs, Alpha & Omega (AOSL), Macom (MTSI), Maxim Integrated (MXIM), MaxLinear (MXL), NXP Semiconductors (NXPI), O2Micro (OIIM), Power Integrations (POWI) and Texas Instruments (TXN).
INTC Intel
$47.73

0.31 (0.65%)

01/04/19
BOFA
01/04/19
UPGRADE
BOFA
Buy
Intel upgraded to Buy from Neutral at BofA/Merrill
01/04/19
01/04/19
UPGRADE
Target $60

Buy
BofA/Merrill prefers cloud and 5G exposure in semis, upgrades Intel to Buy
As previously reported, BofA Merrill Lynch analyst Vivek Arya upgraded Intel (INTC) to Buy from Neutral, stating that the stock provides attractive exposure to growth trends in cloud computing, AI, advanced autos and 5G. He forecasts total semiconductor industry sales to decelerate to down 3% year-over-year in 2019 and still expects enterprise, data center and parts of networking infrastructure to perform better than cyclical sectors such as industrial, automotive and smartphones, Arya tells investors. Risks, such as AMD (AMD) share loss, 7nm product delays, and tougher PC/data center comps, do exist, but now appear to be reflected in Intel shares, the analyst added. He raised his price target on Intel shares to $60 from $52.
01/04/19
01/04/19
DOWNGRADE

Neutral
BofA downgrades TI, Analog Devices, Maxim Integrated in semi ratings shake-up
As previously reported, BofA Merrill Lynch analyst Vivek Arya downgraded Texas Instruments (TXN), Analog Devices (ADI) and Maxim Integrated (MXIM), all to Neutral from Buy, stating that despite their solid execution and attractive free cash flow yields he sees limited multiple expansion until global growth starts to recover. Arya, who also upgraded Intel (INTC) to Buy this morning, forecasts total semiconductor industry sales to decelerate in 2019 and still expects enterprise, data center and parts of networking infrastructure to perform better than cyclical sectors such as industrial, automotive and smartphones. In addition to cutting his estimates for all three downgraded stocks, he lowered his price target on TI shares to $105 from $117, cut his target on Analog Devices to $96 from $112 and trimmed his target on Maxim to $57 from $58.
01/04/19
01/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intel (INTC) upgraded to Buy from Neutral at BofA/Merrill with analyst Vivek Arya saying the stock provides attractive exposure to growth trends in cloud computing, AI, advanced autos and 5G. 2. Netflix (NFLX) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Heath Terry saying with the stock down 36% since record highs in July, Netflix represents one of the best risk/reward propositions in the Internet sector. 3. Shutterfly (SFLY) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying valuation is "compelling" despite concerns about the promotional environment that have materialized. 4. Honeywell (HON) upgraded to Outperform from Sector Perform at RBC Capital with analyst Deane Dray saying the company looks to be benefiting from the re-rating that follows the Garrett/Resideo spins. 5. Etsy (ETSY) upgraded to Buy from Neutral at Goldman Sachs with analyst Heath Terry saying consensus estimates remain too low for 2019 as the company optimizes the incremental growth investments made possible by the take rate increase instituted in July 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CHTR Charter
$300.42

-0.87 (-0.29%)

10/23/18
10/23/18
NO CHANGE

Guggenheim assumes select Cable/Satellite names with positive outlook
Guggenheim analyst Mike McCormack assumed coverage of select Cable & Satellite Services companies with a positive outlook, saying that while each company is facing "video headwinds", they also offer shared catalysts of "the demand for broadband connectivity, increasingly faster speeds, and new wireless products". The analyst assumes Altice USA (ATUS), Charter (CHTR) and Dish (DISH) with Buy ratings and Comcast (CMCSA) with a Neutral rating, adding that its "business is in transition" with core risks around domestic and international operations. McCormack puts a $23 price target on Altice USA, $400 price target on Charter, $38 price target on Comcast, and a $50 price target on Dish, adding that the "importance of the bundle is diminishing" and the focus shifts to the scope of connectivity coverage. The analyst also expects the "younger demographic" to continue to seek out "lower cost, apps-based alternatives, with an eye towards free/cheap, but high-demand content".
10/29/18
RHCO
10/29/18
NO CHANGE
Target $365
RHCO
Buy
Charter price target lowered to $365 from $390 at SunTrust
SunTrust analyst Greg Miller lowered his price target on Charter to $365 after its Q3 results showed both revenue and EBITDA falling short of his expectations. The analyst also keeps his Buy rating on Charter, noting that while the company's other "key performance indicators were similarly below expectations", its "bigger picture trends" were "consistent and encouraging". Miller forecasts the company to see more cash flow tailwinds from growing broadband customer base and declining capital intensity.
12/04/18
SBSH
12/04/18
NO CHANGE
Target $26
SBSH
Buy
Altice USA has 65% upside if given Charter's 2020 multiple, says Citi
"Rarely have we seen such a stark dichotomy between EBITDA growth and a falling stock price," Citi analyst Jason Bazinet tells investors in a research note on Altice USA (ATUS) titled "Getting to the Bottom of Altice's Woes." The analyst points out that if Altice commanded Charter Communications' (CHTR) 2020 levered free cash flow multiple of 15 times, the stock would be worth $29 per share, of 65% upside from current levels. Bazinet keeps a Buy rating on Altice USA with a $26 price target.
12/07/18
COWN
12/07/18
NO CHANGE
Target $357
COWN
Outperform
Cowen calls Charter a best Idea for 2019, ups price target to $357
Cowen analyst Gregory Williams called Charter a Best idea for 2019 and he raised his price target on the shares to $357 from $337. He noted the company was at the tail end of its integration and 2019 will be the year in which we will see the largest incremental benefits. He maintains an Outperform rating on Charter shares.
CMCSA Comcast
$35.70

0.28 (0.79%)

11/13/18
LEHM
11/13/18
INITIATION
Target $44
LEHM
Overweight
Comcast reinstated with an Overweight at Barclays
Barclays analyst Kannan Venkateshwar reinstated coverage of Comcast with an Overweight rating and $44 price target. Negativity around the Sky deal seems overstated, Venkateshwar tells investors in a research note. There is "little doubt" that Comcast overpaid for Sky using any conventional valuation metric, says the analyst. However, he also believes looking at transaction multiples "essentially assumes a static strategic state for the combination, which is unlikely." The analyst thinks Comcast's guidance on synergies is likely to prove conservative.
12/03/18
JPMS
12/03/18
DOWNGRADE
Target $62
JPMS
Neutral
JPMorgan downgrades Verizon to Neutral after 17% rally, prefers AT&T
JPMorgan analyst Philip Cusick downgraded Verizon Communications (VZ) to Neutral from Overweight with an unchanged price target of $62. The analyst says that as much as he likes Verizon's "consistent and improving execution," the combination of a new management team and reporting lines with the stock's 17% year-to-date increase make the risk/reward less compelling than peers AT&T (T) and Comcast (CMCSA). Cusick, however, still sees the stock increasing 2.7% to his $62 target in the next year along with the 4.0% dividend yield.
12/07/18
WOLF
12/07/18
INITIATION
Target $48
WOLF
Outperform
Comcast Comcast initiated with an Outperform at Wolfe Research
Wolfe Research initiated Comcast with an Outperform rating and $48 price target.
11/08/18
11/08/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Stanley Black & Decker (SWK) initiated with a Hold at Deutsche Bank. 2. Comcast (CMCSA) resumed with an Overweight at Morgan Stanley while Amarin (AMRN) and Immunomedics (IMMU) were assumed with a Buy at the firm. 3. Broadcom (AVGO) resumed with a Buy at Deutsche Bank and reinstated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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AAOI

Applied Optoelectronics

$15.10

0.175 (1.17%)

11:10
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11:10
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Applied Optoelectronics attracts a defensive option play ahead of earnings »

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Oil Action: WTI crude »

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CVS

CVS Health

$64.96

-4.96 (-7.09%)

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Rite Aid

$0.77

-0.0121 (-1.56%)

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On The Fly
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CVS

CVS Health

$64.96

-4.96 (-7.09%)

RAD

Rite Aid

$0.77

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CI

Cigna

$195.38

-2.8 (-1.41%)

UNH

UnitedHealth

$269.15

-1.11 (-0.41%)

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MGLN

Magellan Health

$65.33

0.28 (0.43%)

11:05
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Hot Stocks
Breaking Hot Stocks news story on Magellan Health »

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MGLN

Magellan Health

$65.33

0.28 (0.43%)

11:05
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11:05
Periodicals
Breaking Periodicals news story on Magellan Health »

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WIX

Wix.com

$111.78

-13.92 (-11.07%)

11:05
02/20/19
02/20
11:05
02/20/19
11:05
Downgrade
Wix.com rating change  »

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TKC

Turkcell

$6.97

0.06 (0.87%)

11:02
02/20/19
02/20
11:02
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11:02
Earnings
Turkcell reports FY net income 2.02B liras, consensus 1.93B liras »

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VIA

Viacom

$34.98

0.13 (0.37%)

, VIAB

Viacom

$29.35

0.22 (0.76%)

11:02
02/20/19
02/20
11:02
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11:02
Hot Stocks
Viacom, fuboTV announce distribution partnership »

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VIA

Viacom

$34.98

0.13 (0.37%)

VIAB

Viacom

$29.35

0.22 (0.76%)

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HRL

Hormel Foods

$42.86

-0.45 (-1.04%)

11:00
02/20/19
02/20
11:00
02/20/19
11:00
Options
Put buyers gobble up positions in Hormel Foods ahead of earnings »

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WIX

Wix.com

$112.09

-13.61 (-10.83%)

10:56
02/20/19
02/20
10:56
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10:56
Downgrade
Wix.com rating change  »

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SJM

J.M. Smucker

$106.49

2.47 (2.37%)

10:54
02/20/19
02/20
10:54
02/20/19
10:54
Earnings
J.M. Smucker issues preliminary FY20 adjusted EPS growth outlook of 3%-4% »

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SJM

J.M. Smucker

$106.08

2.06 (1.98%)

10:52
02/20/19
02/20
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10:52
Hot Stocks
J.M. Smucker sees FY20 outlook helped by pet prices, hurt by peanut butter price »

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ETM

Entercom

$7.73

0.22 (2.93%)

10:50
02/20/19
02/20
10:50
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10:50
Options
Pre-earnings call buying in Entercom Communications »

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SJM

J.M. Smucker

$106.00

1.98 (1.90%)

10:48
02/20/19
02/20
10:48
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10:48
Earnings
J.M. Smucker repeats FY19 adjusted EPS view of $8.00-$8.20, consensus $8.01 »

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TGEN

Tecogen

$3.84

(0.00%)

10:48
02/20/19
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10:48
Hot Stocks
Tecogen secures $8.4M trigeneration project in Manhattan »

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TKC

Turkcell

$6.97

0.06 (0.87%)

10:47
02/20/19
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Hot Stocks
Breaking Hot Stocks news story on Turkcell »

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HON

Honeywell

$153.66

0.39 (0.25%)

10:43
02/20/19
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Hot Stocks
Breaking Hot Stocks news story on Honeywell »

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HON

Honeywell

$153.66

0.39 (0.25%)

10:41
02/20/19
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10:41
Hot Stocks
Honeywell says UOP has been 'very disciplined' on the cost side »

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FITB

Fifth Third

$27.49

-0.025 (-0.09%)

10:40
02/20/19
02/20
10:40
02/20/19
10:40
Options
Bearish option flow in Fifth Third Bancorp »

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10:40
02/20/19
02/20
10:40
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10:40
General news
Money market rates have dipped »

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10:35
02/20/19
02/20
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10:35
Conference/Events
Morgan Stanley sports/footwear analyst to hold analyst/industry conference call »

Sports & Footwear…

KO

Coca-Cola

$44.99

0.17 (0.38%)

10:30
02/20/19
02/20
10:30
02/20/19
10:30
Options
Vote of confidence in Coca Cola »

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ARW

Arrow Electronics

$81.74

0.73 (0.90%)

10:28
02/20/19
02/20
10:28
02/20/19
10:28
Hot Stocks
Arrow Electronics CEO sells over $4.3M worth of shares »

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10:25
02/20/19
02/20
10:25
02/20/19
10:25
Conference/Events
Credit Suisse analysts to hold an analyst/industry conference call »

Analysts discuss the HOLT…

10:25
02/20/19
02/20
10:25
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10:25
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UBS alternative energy analyst to hold an analyst/industry conference call »

Alternative Energy…

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