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MLNX

Mellanox

$109.31

-0.07 (-0.06%)

, NVDA

Nvidia

$150.67

1.47 (0.99%)

16:34
03/10/19
03/10
16:34
03/10/19
16:34

Nvidia near agreement to acquire Mellanox, Bloomberg reports

Nvidia (NVDA) is nearing an agreement to acquire Mellanox Technologies (MLNX), which has a market capitalization of around $5.9B, Bloomberg reports, citing people familiar with the matter. Nvidia is the leading bidder ahead of rivals including Intel (INTC), and a deal could be announced as soon as Monday, sources told Bloomberg. Reference Link

MLNX

Mellanox

$109.31

-0.07 (-0.06%)

NVDA

Nvidia

$150.67

1.47 (0.99%)

INTC

Intel

$52.48

-0.13 (-0.25%)

  • 19

    Mar

  • 25

    Mar

MLNX Mellanox
$109.31

-0.07 (-0.06%)

01/28/19
DADA
01/28/19
NO CHANGE
Target $124
DADA
Buy
Mellanox price target raised to $124 from $120 at DA Davidson
DA Davidson analyst Mark Kelleher raised his price target on Mellanox to $124 and kept his Buy rating ahead of its earnings this week. The analyst cites the company's revenue drivers in Infiniband and Ethernet that support growing markets and believes that it is "well positioned for solid top and bottom line growth over the next several years." Kelleher also raised his FY19 EPS view on Mellanox by 21c to $5.75.
01/31/19
JEFF
01/31/19
NO CHANGE
Target $130
JEFF
Buy
Mellanox posted 'strong' Q4 results and guidance, says Jefferies
Mellanox Technologies last night posted "strong" Q4 results and Q1 guidance, Jefferies analyst George Notter tells investors in a post-earnings research note. The analyst admits to being surprised by the Infiniband strength and Ethernet weakness. Consistent with investor concerns heading into the quarter, Mellanox is seeing some digestion of Ethernet network interface controller cards by a small number of Internet Content Provider customers, Notter says. However, the analyst continues to see the company as a long-term play on the increasing value in NIC cards as certain CPU processing functions get offloaded to the NIC. "This is a great long-term thesis for Mellanox," contends Notter. He keeps a Buy rating on the shares with a $130 price target.
02/04/19
JEFF
02/04/19
NO CHANGE
Target $130
JEFF
Buy
Mellanox valuation multiple 'way-too-cheap,' says Jefferies
Jefferies analyst George Notter says he continues to like the risk/reward on shares of Mellanox Technologies. A multiple of 12 times earnings is "way-too-cheap" for a 20%-plus top and bottom line grower benefiting from "powerful" secular industry trends, Notter tells investors in a research note. He reiterates a Buy rating on the shares with a $130 price target after spending time with management.
02/25/19
JPMS
02/25/19
NO CHANGE
JPMS
JPMorgan recommends staying overweight Semiconductor group
JPMorgan analyst Harlan Sur believes the Semiconductor bottoming these is playing out and he tells investors to stay overweight the group. His top picks continue to be Broadcom and Lam Research (LRCX), and he also favors Intel (INTC), Nvidia (NVDA), Micron (MU), Maxim Integrated (MXIM), and small caps Inphi (IPHI) and Mellanox (MLNX). Sur says the "longer-term compute/networking/storage and memory spending trends in cloud/hypsercale will be a strong driver for the group."
NVDA Nvidia
$150.67

1.47 (0.99%)

02/20/19
RAJA
02/20/19
DOWNGRADE
RAJA
Market Perform
Raymond James downgrades Pure Storage to Market Perform on 3 areas of concern
As previously reported, Raymond James analyst Simon Leopold downgraded Pure Storage (PSTG) to Market Perform from Outperform, citing three concerns: he views Nvidia's (NVDA) slowing datacenter trends as a negative indicator for Flashblade; he worries that the slowing experienced by NetApp (NTAP) could affect Pure; and he expects Pure's time to market advantage to face competition later in 2019 from Dell (DELL) and EMC (EMC). Leopold cut his FY20 estimates for Pure Storage to slightly below consensus from above consensus, he noted.
02/22/19
ATLE
02/22/19
INITIATION
Target $195
ATLE
Overweight
Nvidia initiated with an Overweight at Atlantic Equities
Atlantic Equities initiated Nvidia with an Overweight and $195 price target.
02/22/19
02/22/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Nvidia (NVDA) initiated with an Overweight at Atlantic Equities. 2. United Technologies (UTX) resumed with an Overweight at JPMorgan. 3. Wabtec (WAB) initiated with a Hold at Jefferies. 4. STMicroelectronics (STM) initiated with an Outperform at Cowen. 5. Biogen (BIIB) initiated with a Market Perform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
INTC Intel
$52.48

-0.13 (-0.25%)

02/26/19
DBAB
02/26/19
NO CHANGE
Target $65
DBAB
Buy
Intel price target raised to $65 from $55 at Deutsche Bank
Deutsche Bank analyst Ross Seymore raised his price target for Intel to $65 after CEO Bob Swan highlighted his vision for both a quantitative and qualitative transformation. By enlarging the total addressable market, Intel not only signals its growth intentions, but also shifts the perspective of its employees "from playing defense on its dominant position in PCs/servers to taking an offensive tack in aggressively attacking share gain opportunities," Seymore tells investors in a research note. The analyst keeps a Buy rating on the shares.
02/22/19
MSCO
02/22/19
UPGRADE
Target $64
MSCO
Overweight
Morgan Stanley upgrades Intel to Overweight, sees CEO transition as a catalyst
As previously reported, Morgan Stanley analyst Joseph Moore upgraded Intel to Overweight from Equal Weight, citing his belief that shares "can rerate higher" given that the company has put "a more financially oriented CEO" in charge with the appointment of Robert Swan. In his base case, he sees the stock's multiple expanding to 14x from 12x with better portfolio optimization, a mindset of optimizing free cash flow more than earnings and a higher standard of M&A accretion. In his bull case, Moore could see Intel taking "a page from the Broadcom playbook" by undertaking a much more aggressive streamlining and divesting businesses that consume too much cash for too little return, he added. Moore raised his price target on Intel shares to $64 from $55.
03/06/19
OTRG
03/06/19
NO CHANGE
OTRG
Apple likely to use Intel 5G modem in 2020 iPhones, says OTR Global
OTR Global said after discussions with executives in the Asian supply chain that it believes Apple (AAPL) is most likely to use Intel's (INTC) 5G modem in its 2020 iPhones, but probably would use multiple vendors for RF solutions. Aside from Skyworks (SWKS), which has a partnership with Intel, possible RF vendors for the 2020 iPhones include Broadcom (AVGO), Qorvo (QRVO) and Murata, OTR stated in its note to investors.

TODAY'S FREE FLY STORIES

LCI

Lannett

$7.82

-0.61 (-7.24%)

09:47
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NL

NL Industries

$4.80

(0.00%)

09:47
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NL Industries falls -6.6% »

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JE

Just Energy

$3.94

-0.44 (-10.05%)

09:47
07/23/19
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Hot Stocks
Just Energy falls -11.4% »

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PII

Polaris Industries

$87.80

5.265 (6.38%)

09:47
07/23/19
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Hot Stocks
Polaris Industries rises 6.4% »

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  • 23

    Jul

EDU

New Oriental Education

$104.82

6.585 (6.70%)

09:47
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07/23
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09:47
Hot Stocks
New Oriental Education rises 6.4% »

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  • 23

    Jul

RLGY

Realogy

$6.61

1.44 (27.85%)

09:47
07/23/19
07/23
09:47
07/23/19
09:47
Hot Stocks
Realogy rises 28.2% »

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  • 08

    Aug

MGLN

Magellan Health

$68.15

(0.00%)

09:46
07/23/19
07/23
09:46
07/23/19
09:46
Periodicals
Magellan Health talks with Centerbridge hung up on price, Dealreporter says »

Centerbridge Partners and…

03/08/13
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HOG

Harley-Davidson

$33.01

-1.24 (-3.62%)

09:45
07/23/19
07/23
09:45
07/23/19
09:45
Hot Stocks
Harley-Davidson CEO says profit margins to recover in FY20 with fixed EU tariffs »

Harley-Davidson CEO Matt…

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  • 23

    Jul

09:45
07/23/19
07/23
09:45
07/23/19
09:45
General news
Richmond Fed Manufacturing Index Level to be reported at 10:00 »

July Richmond Fed…

09:45
07/23/19
07/23
09:45
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09:45
General news
Existing Home Sales to be reported at 10:00 »

June Existing Home Sales…

CURLF

Curaleaf Holdings

$0.00

(0.00%)

09:40
07/23/19
07/23
09:40
07/23/19
09:40
Hot Stocks
FDA sends warning letter to Curaleaf over unapproved, 'misbranded' drugs »

The FDA posted on its…

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ETN

Eaton

$79.54

(0.00%)

, SHLAF

Schindler

$0.00

(0.00%)

09:40
07/23/19
07/23
09:40
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09:40
Hot Stocks
Eaton appoints Silvio Napoli to board of directors »

Eaton (ETN) announced…

ETN

Eaton

$79.54

(0.00%)

SHLAF

Schindler

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 30

    Jul

AZN

AstraZeneca

$40.32

(0.00%)

, GM

General Motors

$39.86

(0.00%)

09:40
07/23/19
07/23
09:40
07/23/19
09:40
Options
Unusually active option classes on open July 23rd »

Unusual total active…

AZN

AstraZeneca

$40.32

(0.00%)

GM

General Motors

$39.86

(0.00%)

WHR

Whirlpool

$148.30

(0.00%)

HAS

Hasbro

$108.54

(0.00%)

KO

Coca-Cola

$51.25

(0.00%)

BIIB

Biogen

$232.46

(0.00%)

LMT

Lockheed Martin

$357.57

(0.00%)

ABT

Abbott

$88.08

(0.00%)

BYND

Beyond Meat

$193.91

(0.00%)

NVDA

Nvidia

$171.32

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 23

    Jul

  • 23

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  • 23

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  • 23

    Jul

  • 23

    Jul

  • 25

    Jul

  • 29

    Jul

  • 01

    Aug

  • 03

    Aug

  • 12

    Aug

  • 15

    Aug

  • 09

    Sep

  • 16

    Sep

  • 19

    Sep

  • 25

    Sep

  • 02

    Oct

  • 23

    Oct

09:40
07/23/19
07/23
09:40
07/23/19
09:40
General news
U.S. existing home sales preview: analysts expect a steady rate for June existing home sales »

U.S. existing home sales…

CABO

Cable One

$1,206.29

-11.71 (-0.96%)

09:38
07/23/19
07/23
09:38
07/23/19
09:38
Upgrade
Cable One rating change at Wolfe Research »

Cable One upgraded to…

03/08/13
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MFSF

MutualFirst Financial

$32.20

0.28 (0.88%)

09:37
07/23/19
07/23
09:37
07/23/19
09:37
Earnings
MutualFirst Financial reports Q2 EPS 66c, consensus 62c »

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CVM

CEL-SCI

$6.22

-0.38 (-5.76%)

09:35
07/23/19
07/23
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09:35
Hot Stocks
CEL-SCI announces review published in International Immunopharmacology »

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UTX

United Technologies

$132.94

0.57 (0.43%)

09:33
07/23/19
07/23
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09:33
Hot Stocks
United Technologies says 'very confident' about updated FY19 guidance »

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  • 23

    Jul

PKX

Posco

$49.91

-0.26 (-0.52%)

09:33
07/23/19
07/23
09:33
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09:33
Upgrade
Posco rating change at Macquarie »

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  • 23

    Jul

TRPX

Therapix Biosciences

$2.32

-0.02 (-0.85%)

09:33
07/23/19
07/23
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09:33
Hot Stocks
Therapix Biosciences signs LOI to merge with Destiny Biosciences »

Therapix Biosciences…

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AMZN

Amazon.com

$1,985.93

21.15 (1.08%)

09:32
07/23/19
07/23
09:32
07/23/19
09:32
Recommendations
Amazon.com analyst commentary at BMO Capital »

Amazon.com Q3 consensus…

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  • 25

    Jul

UGP

Ultrapar

$5.23

-0.165 (-3.06%)

09:32
07/23/19
07/23
09:32
07/23/19
09:32
Upgrade
Ultrapar rating change at Bradesco »

Ultrapar upgraded to…

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HOG

Harley-Davidson

$34.25

-0.62 (-1.78%)

09:31
07/23/19
07/23
09:31
07/23/19
09:31
Hot Stocks
Breaking Hot Stocks news story on Harley-Davidson »

Harley-Davidson sees Q3…

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  • 23

    Jul

SEMG

SemGroup

$11.92

0.13 (1.10%)

09:31
07/23/19
07/23
09:31
07/23/19
09:31
Upgrade
SemGroup rating change at Citi »

SemGroup upgraded to Buy…

03/08/13
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  • 09

    Aug

HOG

Harley-Davidson

$34.25

-0.62 (-1.78%)

09:28
07/23/19
07/23
09:28
07/23/19
09:28
Hot Stocks
Harley-Davidson continues to see FY19 annual cash savings of $25M-$30M »

Sees FY20 annual cash…

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  • 23

    Jul

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