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NVDA

Nvidia

$161.12

10.45 (6.94%)

, MLNX

Mellanox

$117.92

8.605 (7.87%)

09:28
03/12/19
03/12
09:28
03/12/19
09:28

Nvidia's Mellanox deal represents 'strategic addition', says MKM Partners

MKM Partners analyst Ruben Roy kept his Neutral rating and $170 price target on Nvidia (NVDA), saying its proposed $6.9B deal for Mellanox (MLNX) represents a "strategic addition" to its data center portfolio. Given the "complementary and vertically integrated nature of the products", the analyst believes that the regulatory review period should not be rigorous while the earnings accretion from the deal "appears compelling". Despite the positive implication of the deal, Roy maintains a neutral view on Nvidia and believes that its near-term trends remain challenging because of its "significant exposure to the gaming end market" and a slowdown in crypto-related demand.

NVDA

Nvidia

$161.12

10.45 (6.94%)

MLNX

Mellanox

$117.92

8.605 (7.87%)

  • 19

    Mar

NVDA Nvidia
$161.12

10.45 (6.94%)

03/11/19
OPCO
03/11/19
NO CHANGE
Target $190
OPCO
Outperform
Nvidia bolsters datacenter market position with Mellanox deal, says Oppenheimer
Oppenheimer analyst Rick Schafer said Nvidia's (NVDA) acquisition of Mellanox (MLNX), "while small," bolsters the former's datacenter market position by combining Nvidia's "dominant" AI-accelerator business with Mellanox's established position in networking interconnect. He estimates the deal is 5% accretive to his standalone Nvidia EPS estimates for calendar 2020 and 7-8% accretive including $150M in estimated cost savings. Schafer keeps an Outperform rating and $190 price target on Nvidia shares.
03/12/19
LEHM
03/12/19
DOWNGRADE
Target $125
LEHM
Equal Weight
Mellanox downgraded to Equal Weight from Overweight at Barclays
Barclays analystTavy Rosner downgraded Mellanox Technologies (MLNX) to Equal Weight from Overweight following the acquisition by Nvidia (NVDA). The analyst raised his price target for the shares to $125 from $108.
03/12/19
RHCO
03/12/19
NO CHANGE
Target $210
RHCO
Buy
Nvidia price target raised to $210 from $195 at SunTrust
SunTrust analyst William Stein raised his price target on Nvidia (NVDA) to $210 and kept his Buy rating after its announced acquisition of Melanox (MLNX), saying that while the deal is "defensive" because of its timing during a period of weak demand, it also fits the "strategic and financial" needs. The analyst contends that Nvidia would have been more threatened if Intel (INTC) or Xilinx (XLNX) purchased Melanox, adding that his assumed valuation multiple reflects the company's "structural growth" even though its stock is trading at a discount to its growth tech peers.
03/12/19
DADA
03/12/19
DOWNGRADE
Target $128
DADA
Neutral
Mellanox downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Mark Kelleher downgraded Mellanox (MLNX) to Neutral with an unchanged price target of $128 after its announced acquisition by Nvida (NVDA) at $125 per share, saying that he does not anticipate a higher bid to emerge after both of the companies' boards approved the transaction. Kelleher states that if other purchasers such as Intel (INTC) were interested, offers could have been made over the past few months of acquisition speculation.
MLNX Mellanox
$117.92

8.605 (7.87%)

TODAY'S FREE FLY STORIES

21:25
03/25/19
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General news
Fed's Rosengren warned that U.S. Q1 growth is likely to be weak »

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BBBY

Bed Bath & Beyond

$13.87

0.17 (1.24%)

20:44
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Activist firms seek to replace Bed Bath & Beyond board, CEO, WSJ says »

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  • 10

    Apr

RTN

Raytheon

$180.58

-0.82 (-0.45%)

, BA

Boeing

$370.52

8.37 (2.31%)

20:36
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Hot Stocks
Raytheon kill vehicle hits ICBM target in first dual-salvo test »

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$180.58

-0.82 (-0.45%)

BA

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$370.52

8.37 (2.31%)

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  • 28

    May

20:35
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General news
The "Summary of Opinions" from the BoJ's March meeting »

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WHD

Cactus

$36.03

1.225 (3.52%)

20:27
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Hot Stocks
Cactus VP of Operations sells 229K shares of common stock »

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CCL

Carnival

$56.67

-0.065 (-0.11%)

, MKC

McCormick

$143.88

1.58 (1.11%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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CCL

Carnival

$56.67

-0.065 (-0.11%)

MKC

McCormick

$143.88

1.58 (1.11%)

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  • 26

    Mar

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    Mar

CRTO

Criteo

$21.99

-3.4 (-13.39%)

20:19
03/25/19
03/25
20:19
03/25/19
20:19
Downgrade
Criteo rating change at KeyBanc »

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SSNLF

Samsung

$0.00

(0.00%)

20:02
03/25/19
03/25
20:02
03/25/19
20:02
Periodicals
Samsung sees weaker environment for display, memory in Q1, Bloomberg says »

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BA

Boeing

$370.52

8.37 (2.31%)

19:51
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Hot Stocks
U.S. MDA and Boeing Complete Historic Missile Defense Test »

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  • 28

    May

MCD

McDonald's

$185.66

-1.11 (-0.59%)

19:49
03/25/19
03/25
19:49
03/25/19
19:49
Periodicals
McDonald's purchase price of Dynamic Yield above $300M, Bloomberg says »

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  • 30

    Apr

  • 28

    May

SSNLF

Samsung

$0.00

(0.00%)

19:32
03/25/19
03/25
19:32
03/25/19
19:32
Periodicals
Breaking Periodicals news story on Samsung »

Samsung sees Q1 below…

03/08/13
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03/06/13
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AWR

American States Water

$71.51

0.505 (0.71%)

19:22
03/25/19
03/25
19:22
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19:22
Hot Stocks
American States Water CEO sells 12.4K shares of common stock »

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MEOH

Methanex

$56.35

-1.38 (-2.39%)

19:10
03/25/19
03/25
19:10
03/25/19
19:10
Hot Stocks
Methanex confirms receipt of director nominees notice from M&G »

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BECN

Beacon Roofing

$34.14

0.81 (2.43%)

, SAEX

SAExploration

$4.03

0.13 (3.33%)

18:55
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Hot Stocks
Fly Intel: After Hours Movers »

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BECN

Beacon Roofing

$34.14

0.81 (2.43%)

SAEX

SAExploration

$4.03

0.13 (3.33%)

IQ

iQIYI

$24.01

-0.86 (-3.46%)

MYOK

MyoKardia

$51.87

-2.44 (-4.49%)

CTMX

CytomX Therapeutics

$10.76

0.33 (3.16%)

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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  • 26

    Mar

  • 26

    Mar

  • 21

    May

  • 27

    Mar

HPQ

HP Inc.

$18.97

-0.4 (-2.07%)

18:48
03/25/19
03/25
18:48
03/25/19
18:48
Periodicals
HP lawyer tells court Autonomy's Lynch inflated sales data, Reuters says »

A lawyer for HP told a…

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  • 23

    Apr

PEGA

Pegasystems

$63.61

-0.27 (-0.42%)

18:45
03/25/19
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Hot Stocks
Pegasystems CEO: We are massively changing our marketing strategy »

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  • 22

    May

SMTC

Semtech

$52.59

-0.38 (-0.72%)

18:32
03/25/19
03/25
18:32
03/25/19
18:32
Hot Stocks
Semtech CEO sells 25K shares of common stock »

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  • 25

    Mar

TMO

Thermo Fisher

$268.89

5.015 (1.90%)

18:24
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18:24
Hot Stocks
Thermo Fisher CEO: We have a very disciplined M&A process »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

18:24
03/25/19
03/25
18:24
03/25/19
18:24
Periodicals
Parliament forces votes on Brexit plan options, Bloomberg reports »

Lawmakers of U.K.…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$278.99

-0.56 (-0.20%)

03/08/13
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MCD

McDonald's

$185.66

-1.11 (-0.59%)

18:23
03/25/19
03/25
18:23
03/25/19
18:23
Hot Stocks
McDonald's to acquire Dynamic Yield, terms not stated »

McDonald's announced…

03/08/13
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  • 30

    Apr

  • 28

    May

BA

Boeing

$370.52

8.37 (2.31%)

18:22
03/25/19
03/25
18:22
03/25/19
18:22
Periodicals
Boeing software fix to prevent repeated activiation of MCAS, Reuters says »

A Boeing software repair…

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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  • 28

    May

ACHC

Acadia

$29.47

-0.59 (-1.96%)

17:58
03/25/19
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17:58
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17:58
Hot Stocks
Acadia says President Brett Turner leaving by mutual agreement »

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AAPL

Apple

$188.78

-2.33 (-1.22%)

17:41
03/25/19
03/25
17:41
03/25/19
17:41
Recommendations
Apple analyst commentary at Piper Jaffray »

Apple price target raised…

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  • 25

    Mar

  • 03

    Jun

ZFGN

Zafgen

$2.70

-0.15 (-5.26%)

17:38
03/25/19
03/25
17:38
03/25/19
17:38
Hot Stocks
Armistice Capital reports 5.6% passive stake in Zafgen »

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NOC

Northrop Grumman

$268.56

0.27 (0.10%)

17:36
03/25/19
03/25
17:36
03/25/19
17:36
Hot Stocks
Northrop Grumman awarded $245.05M Navy contract modification »

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