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QRVO

Qorvo

$60.40

1.04 (1.75%)

, AAPL

Apple

$153.30

2.53 (1.68%)

09:12
01/10/19
01/10
09:12
01/10/19
09:12

Qorvo upgraded to Buy at Craig-Hallum as shares 'have likely bottomed'

As previously reported, Craig-Hallum analyst Anthony Stoss upgraded Qorvo (QRVO) to Buy from Hold as he believes the share decline now positions the stock with more upside than downside, and shares now largely reflect weaker Apple (AAPL) iPhone sales. The analyst argues that investors should start looking forward to substantial content increases for RF in 5G phones, although he does not expect material volumes until 2020. He also lowered his price target on Qorvo's shares to $72 from $74.

QRVO

Qorvo

$60.40

1.04 (1.75%)

AAPL

Apple

$153.30

2.53 (1.68%)

  • 22

    Jan

QRVO Qorvo
$60.40

1.04 (1.75%)

01/03/19
MSCO
01/03/19
NO CHANGE
MSCO
Skyworks, Qorvo among semi names with most Apple exposure, says Morgan Stanley
Morgan Stanley analyst Craig Hettenbach maintains his Cautious view on the Semiconductors sector, telling investors that the sizeable iPhone miss in China and a weaker China PMI reading this week provide further evidence of a strong downward bias in "the most important growth region for semis." He sees more reasons for investors to reduce exposure to semis, rather than add, ahead of what he expects to be a challenging earnings season, Hettenbach noted. In terms of exposure to Apple (AAPL), he estimates Skyworks (SWKS) has 45% exposure, followed by Qorvo (QRVO) at about 35% and Broadcom (AVGO) at 15%- 20%. Beyond the companies with the greatest Apple exposure, Hettenbach also highlight risks to broad-based suppliers such as Texas Instruments (TXN), Amphenol (APH), ON Semiconductor (ON), NXP Semiconductors (NXPI), Analog Devices (ADI) and Cypress Semiconductor (CY), calling out ON as his top Underweight idea.
01/07/19
DADA
01/07/19
NO CHANGE
Target $63
DADA
Neutral
Qorvo price target lowered to $63 from $72 at DA Davidson
DA Davidson analyst Thomas Diffely lowered his price target on Qorvo to $63 and kept his Neutral rating, also lowering his FY19 EPS view on the stock to $5.75 from $6.05. The analyst cites the "combination of ongoing trade war chatter with China and growing concerns over a potential slowdown in the US economy", leading to reduced demand for advanced handsets and weighing on the company's mobility products. Diffely expects 2019 to be a "year of transition" for Qorvo since its next major catalyst - the shift to 5G handsets - will not have a "meaningful impact" on its business until 2020.
01/09/19
OPCO
01/09/19
NO CHANGE
OPCO
Perform
Oppenheimer says 'rare miss' at Skyworks likely hints at downside risk for peers
Oppenheimer analyst Rick Schafer lowered his estimates for Skyworks (SWKS) after the company negatively pre-announced December quarter revenues and EPS, stating that he blames the majority of the company's "rare miss" on disappointing Apple (AAPL) iPhone units, though he also believes Samsung (SSNLF) and China OEMs contributed. Management did not offer a March quarter outlook, so estimates could come down again when Skyworks reports in a few weeks, warned Schafer, who thinks the pre-announcement likely hints at downside risk at peers such as Cirrus Logic (CRUS) and Qorvo (QRVO). He keeps a Perform rating on Skyworks shares, which are up 2% to $66.66 in morning trading.
01/10/19
CHLM
01/10/19
UPGRADE
CHLM
Buy
Qorvo upgraded to Buy from Hold at Craig-Hallum
AAPL Apple
$153.30

2.53 (1.68%)

01/09/19
MSCO
01/09/19
NO CHANGE
Target $211
MSCO
Overweight
Apple Services deceleration this quarter likely temporary, says Morgan Stanley
After Apple provided the quarterly disclosure of the reclassification of its FY18 Services revenue to account for how the company now accounts for the amortization of the deferred value of Maps, Siri and free iCloud services, Morgan Stanley analyst Katy Huberty said the data clarified that December 2018 Services growth was 18.3% year-over-year. She believes the Services deceleration this quarter is more temporary in nature and largely attributes it to AppleCare, which was impacted by the year-over-year decline iPhone sales. Huberty maintains her Overweight rating and $211 price target on Apple shares.
01/09/19
HSBC
01/09/19
NO CHANGE
Target $160
HSBC
Hold
Apple price target lowered to $160 from $200 at HSBC
HSBC analyst Erwan Rambourg, who had downgraded Apple shares to Hold from Buy on December 4, said that although he had expected challenges for Apple in China, the intensity has "surprised to the downside." Given that the China situation remains complex, and patent disputes adds to the headwinds, he lowered his revenue estimates for 2019-21 by 5%-7% and cut his net income estimates by 8%-9%. Meanwhile, the iPhone's longer replacement cycle may hamper shipments in developed markets, said Rambourg, who lowered his price target for Apple shares to $160 from $200 and maintains a Hold rating.
01/10/19
LOOP
01/10/19
NO CHANGE
Target $92
LOOP
Buy
Skyworks price target lowered to $92 from $102 at Loop Capital
Loop Capital analyst Cody Acree lowered his price target on Skyworks (SWKS) to $92 after the company cut its Q1 earnings guidance that also followed a negative pre-announcement from Apple (AAPL). The analyst keeps his Buy rating on the stock however, stating that he was most impressed with the 4% rise in its price in spite of the guidance cut, which he believes suggests that the broad sell-off in the chip industry is a "solid indication" of the sector being oversold. Acree adds that the headwinds from tax-loss selling and portfolio rebalancing should be largely in the past, and expects the constructive U.S.-China trade talks to bring back investors looking for "strong fundamentals".

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Wells Fargo

$48.74

-0.19 (-0.39%)

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SHLD

Sears

$0.00

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MRVL

Marvell

$16.43

-0.2 (-1.20%)

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Marvell put volume heavy and directionally bearish »

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Treasury announced an $81 B 3- and 6-month bill sale for Tuesday »

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MOFG

MidWestOne

$25.94

-0.03 (-0.12%)

11:33
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MidWestOne raises quarterly dividend 3.8% to 20.25c per share »

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JPM

JPMorgan

$102.10

-0.38 (-0.37%)

, PYPL

PayPal

$90.34

-0.18 (-0.20%)

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Fly Intel: What to watch in credit card space earnings reports »

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JPM

JPMorgan

$102.10

-0.38 (-0.37%)

PYPL

PayPal

$90.34

-0.18 (-0.20%)

MA

MasterCard

$198.34

0.56 (0.28%)

V

Visa

$137.01

-0.31 (-0.23%)

AXP

American Express

$99.38

-0.02 (-0.02%)

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FB

Facebook

$148.78

1.3 (0.88%)

11:26
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Facebook manager quits after being 'harassed' over views, CNBC reports »

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USO

United States Oil Fund

$10.77

-0.275 (-2.49%)

11:20
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Size straddle crossed firm-to-firm tied to stock in US Oil ETF »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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NYSE market internals summary »

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11:15
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Fed VC of Supervision Quarles said the economy is very strong »

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BNPQY

BNP Paribas

$0.00

(0.00%)

, SCGLY

Societe Generale

$0.00

(0.00%)

11:11
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Periodicals
Societe Generale mulls closing $4.7B proprietary-trading unit, Bloomberg reports »

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BNPQY

BNP Paribas

$0.00

(0.00%)

SCGLY

Societe Generale

$0.00

(0.00%)

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NDAQ

Nasdaq

$82.91

-0.07 (-0.08%)

11:10
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Periodicals
Nasdaq discussing potential deal to acquire Oslo Bors, FT reports »

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AMRN

Amarin

$17.30

0.68 (4.09%)

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Active trading in Amarin calls as shares see relative strength »

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FFIV

F5 Networks

$156.81

-5.05 (-3.12%)

, CMG

Chipotle

$515.33

0.83 (0.16%)

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On The Fly
Downgrades of EA, Chipotle, F5 among today's top analyst calls »

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FFIV

F5 Networks

$156.81

-5.05 (-3.12%)

CMG

Chipotle

$515.33

0.83 (0.16%)

PUMP

ProPetro Holding

$15.15

-0.06 (-0.39%)

HAL

Halliburton

$30.45

0.1 (0.33%)

XLNX

Xilinx

$90.73

0.24 (0.27%)

EA

Electronic Arts

$88.17

-1.73 (-1.92%)

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SKX

Skechers

$26.68

1.31 (5.16%)

11:04
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Call buyers in Skechers as shares rally »

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