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QCOM

Qualcomm

$56.40

1.02 (1.84%)

, AAPL

Apple

$187.30

3.54 (1.93%)

15:24
03/15/19
03/15
15:24
03/15/19
15:24

Qualcomm wins patent infringement case against Apple

Qualcomm (QCOM) announced that a jury in the U.S. District Court for the Southern District of California has found that Apple (AAPL) iPhone 7, 7 Plus, 8, 8 Plus and X infringe two Qualcomm patents, and Apple iPhone 8, 8 Plus and X infringe another of Qualcomm's U.S. patents. The jury awarded Qualcomm $31M in damages for infringement of the patents from July 6, 2017, the date the lawsuit was filed, through the end of the trial. The three infringed patents cover technologies invented by Qualcomm.

QCOM

Qualcomm

$56.40

1.02 (1.84%)

AAPL

Apple

$187.30

3.54 (1.93%)

  • 01

    May

QCOM Qualcomm
$56.40

1.02 (1.84%)

01/31/19
MZHO
01/31/19
NO CHANGE
Target $62
MZHO
Buy
Qualcomm price target lowered to $62 from $66 at Mizuho
Mizuho analyst Vijay Rakesh lowered his price target for Qualcomm to $62 saying the company reported a slightly below consensus December quarter but guided to an in-line March quarter. Handsets remain in a slowdown, Rakesh tells investors in a research note. However, he keeps a Buy rating on Qualcomm as the company "awaits some critical litigations and the 2020 5G ramp."
01/31/19
BMOC
01/31/19
NO CHANGE
Target $54
BMOC
Market Perform
Qualcomm price target lowered to $54 from $60 at BMO Capital
BMO Capital analyst Tim Long lowered his price target on Qualcomm to $54 and kept his Market Perform rating after its mixed Q4 results, with the top-line miss driven by weaker chip and royalty revenues being offset by an earnings beat due to lower operating expense and a $150M Huawei payment. The analyst also sees growing uncertainty for the stock from the weak China smartphone market and heating up litigation activity.
02/26/19
STFL
02/26/19
NO CHANGE
Target $57
STFL
Hold
Qualcomm legal overhang limits upside despite 5G leadership, says Stifel
After Qualcomm's "barrage" of product announcements timed for Mobile World Congress this week, Stifel analyst Kevin Cassidy said he believes the company most notable announcements were its second generation 5G modem and second generation RF Front-End solutions. While he sees Qualcomm as the clear leader in 5G modem technology, Cassidy noted that significant 5G modem related revenue may be two years away and he believes the legal overhang of the recently concluded FTC trial limits Qualcomm's share price upside. Cassidy, who thinks Qualcomm shares could trade in a range of about $30 to $90 depending on the outcome of the legal disputes, keeps a Hold rating and $57 price target on the stock.
03/04/19
SUSQ
03/04/19
NO CHANGE
SUSQ
Positive
Cirrus Logic, Qualcomm winners in S10 teardown, Knowles loser, says Susquehanna
Susquehanna analyst Christopher Rolland disassembled the Korean version of Samsung's (SSNLF) Galaxy S10 and he found Cirrus Logic (CRUS) won the new amplifier sockets as well as maintaining their codec in the Exynos version. The analyst found Qualcomm (QCOM) has won the under-glass fingerprint sensor, apparently for all designs, not just those using a Qualcomm AP. He said this is a new source of revenue for Qualcomm. He noted the big loser was Knowles (KN) because traditionally Samsung used microphone MEMS from Knowles but in the GS10 not one but two microphones are supplied by GoerTek.
AAPL Apple
$187.30

3.54 (1.93%)

03/14/19
COWN
03/14/19
INITIATION
Target $220
COWN
Outperform
Apple initiated with an Outperform at Cowen
Cowen analyst Krish Sankar initiated Apple with an Outperform rating and $220 price target, stating that his long term investment thesis hinges on the Services segment growing and Apple massively monetizing its installed base of products. Sankar also thinks increasing recurring revenues should drive a higher multiple for Apple shares, he tells investors. He models iPhone units down 15% year-over-year in calendar 2019 to 175M units.
03/14/19
MSCO
03/14/19
NO CHANGE
Target $197
MSCO
Overweight
Morgan Stanley 'positively biased' on Apple's March quarter based on China signs
Morgan Stanley analyst Katy Huberty shared four reasons that she is "positively biased" on Apple's March quarter with two weeks to go: data showing that Apple gained share of the Chinese smartphone installed base year-over-year in January and February; the fact that February was the first month in half a year that her firm's Asia team didn't cut their iPhone builds forecast; the fact that this is the first time that her March and June quarter iPhone forecasts are actually below her Asia Hardware team's build forecast; and the fact that replacement cycles have converged with PCs. Huberty, who added that the XS Max is the most popular new iPhone model with users in China "contrary to expectations," keeps an Overweight rating and $197 price target on Apple shares.
03/14/19
03/14/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with an Outperform at Cowen. 2. Fluidigm (FLDM) initiated with a Buy at BTIG. 3. Kala Pharmaceuticals (KALA) initiated with a Buy at Jefferies. 4. PLx Pharma (PLXP) initiated with an Outperform at JMP Securities. 5. Walker & Dunlop (WD) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/15/19
CHLM
03/15/19
NO CHANGE
CHLM
Broadcom price target raised to $325 from $305 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating on Broadcom and raised his price target on shares to $325 from $305, after the company reported Q1 earnings. The analyst believes Broadcom's reaffirmed FY19 guidance in conservative, and sees the free cash flow expansion "likely driving another dividend raise in December." Stoss did note, however, that Broadcom reported Q1 revenue results below Street estimates due to weakness at Apple (AAPL) and a slowdown in data center spending, although he believes the Apple weakness was "largely expected."

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ASOMY

Asos

$0.00

(0.00%)

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KLAC

KLA-Tencor

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-1.5 (-1.12%)

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LRCX

Lam Research

$198.43

0.19 (0.10%)

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MRVL

Marvell

$25.90

-0.48 (-1.82%)

21:07
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Marvell rating change at Goldman Sachs »

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AMAT

Applied Materials

$47.79

-0.38 (-0.79%)

21:05
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21:05
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Applied Materials rating change at Goldman Sachs »

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MU

Micron

$45.51

0.85 (1.90%)

21:04
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21:04
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Goldman Sachs more positive on memory stocks, upgrades Micron to Buy »

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KEYS

Keysight Technologies

$87.43

0.05 (0.06%)

20:49
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20:49
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Keysight Technologies rating change at Goldman Sachs »

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BYND

Beyond Meat

$176.65

6.28 (3.69%)

, TGT

Target

$88.02

-0.48 (-0.54%)

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BYND

Beyond Meat

$176.65

6.28 (3.69%)

TGT

Target

$88.02

-0.48 (-0.54%)

DIS

Disney

$139.86

-1.76 (-1.24%)

NFLX

Netflix

$315.10

-10.04 (-3.09%)

T

AT&T

$32.77

-0.32 (-0.97%)

CBS

CBS

$50.68

-0.66 (-1.29%)

FDX

FedEx

$167.08

1.69 (1.02%)

EFX

Equifax

$137.29

-2 (-1.44%)

KEY

KeyCorp

$17.45

0.15 (0.87%)

SBNY

Signature Bank

$123.87

1.07 (0.87%)

USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

MA

MasterCard

$275.51

-1.11 (-0.40%)

V

Visa

$179.18

-1.34 (-0.74%)

PYPL

PayPal

$118.65

-1.22 (-1.02%)

03/08/13
Wedge Partners
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    Sep

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    Sep

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    Oct

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    Nov

T

AT&T

$32.77

-0.32 (-0.97%)

, CMCSA

Comcast

$44.06

-0.5 (-1.12%)

18:23
07/21/19
07/21
18:23
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18:23
On The Fly
Box Office Battle: 'The Lion King' roars to number 1 in $185M U.S. debut »

"Box Office Battle" is…

T

AT&T

$32.77

-0.32 (-0.97%)

CMCSA

Comcast

$44.06

-0.5 (-1.12%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$53.68

-0.275 (-0.51%)

LGF.A

Lionsgate

$11.94

0.36 (3.11%)

DIS

Disney

$139.86

-1.76 (-1.24%)

VIAB

Viacom

$30.48

-0.11 (-0.36%)

VIA

Viacom

$35.24

0.24 (0.69%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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    Aug

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    Aug

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    Aug

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    Aug

EFX

Equifax

$137.29

-2 (-1.44%)

17:23
07/21/19
07/21
17:23
07/21/19
17:23
Periodicals
Equifax agrees to pay $700M after massive data breach, WSJ reports »

Equifax is nearing a deal…

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03/06/13
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    Nov

CBS

CBS

$50.68

-0.66 (-1.29%)

, T

AT&T

$32.77

-0.32 (-0.97%)

17:17
07/21/19
07/21
17:17
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17:17
Periodicals
AT&T drops CBS channels from cable systems, Reuters reports »

CBS (CBS) and AT&T…

CBS

CBS

$50.68

-0.66 (-1.29%)

T

AT&T

$32.77

-0.32 (-0.97%)

03/08/13
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    Aug

NFLX

Netflix

$315.10

-10.04 (-3.09%)

17:11
07/21/19
07/21
17:11
07/21/19
17:11
Periodicals
Netflix signs first direct agreement with SAG-AFTRA, Bloomberg reports »

Netflix and the Screen…

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  • 03

    Aug

JNJ

Johnson & Johnson

$130.41

-1.62 (-1.23%)

17:08
07/21/19
07/21
17:08
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17:08
Periodicals
Johnson & Johnson facing key test in talc-safety lawsuits, WSJ reports »

Johnson & Johnson,…

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  • 09

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    Oct

MRKR

Marker Therapeutics

$6.28

-2.4 (-27.65%)

16:46
07/21/19
07/21
16:46
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16:46
Hot Stocks
Marker Therapeutics reports interim results of MultiTAA T Cell Therapy »

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  • 22

    Jul

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RDY

Dr. Reddy's

$37.73

-0.6 (-1.57%)

16:41
07/21/19
07/21
16:41
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16:41
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Dr. Reddy's announces transaction closure to divest Zembrace Symtouch, Tosymra »

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  • 29

    Jul

KLAC

KLA-Tencor

$131.95

-1.5 (-1.12%)

16:37
07/21/19
07/21
16:37
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16:37
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KLA-Tencor rating change at Goldman Sachs »

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  • 05

    Aug

LRCX

Lam Research

$198.43

0.19 (0.10%)

16:33
07/21/19
07/21
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  • 31

    Jul

MRVL

Marvell

$25.90

-0.48 (-1.82%)

16:30
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16:30
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Marvell rating change at Goldman Sachs »

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KEYS

Keysight Technologies

$87.43

0.05 (0.06%)

16:29
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MU

Micron

$45.51

0.85 (1.90%)

16:26
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TCEHY

Tencent

$0.00

(0.00%)

, MDLA

Medallia

$37.09

(0.00%)

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On The Fly
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TCEHY

Tencent

$0.00

(0.00%)

MDLA

Medallia

$37.09

(0.00%)

MIRM

Mirum Pharmaceuticals

$13.51

0.17 (1.27%)

FULC

Fulcrum Therapeutics

$12.49

-0.99 (-7.34%)

PHR

Phreesia

$24.01

-1.15 (-4.57%)

GMAB

Genmab

$18.06

-0.14 (-0.77%)

AMK

AssetMark Financial

$27.71

0.39 (1.43%)

ORCC

Owl Rock

$15.51

0.11 (0.71%)

DOYU

DouYu

$10.50

-0.51 (-4.63%)

NOVA

Sunnova Energy

$0.00

(0.00%)

CSTL

Castle Biosciences

$0.00

(0.00%)

WSG

Wanda Sports

$0.00

(0.00%)

LVGO

Livongo Health

$0.00

(0.00%)

HCAT

Health Catalyst

$0.00

(0.00%)

JNJ

Johnson & Johnson

$130.41

-1.62 (-1.23%)

03/08/13
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PYPL

PayPal

$118.65

-1.22 (-1.02%)

, V

Visa

$179.18

-1.34 (-0.74%)

08:31
07/20/19
07/20
08:31
07/20/19
08:31
Periodicals
MasterCard, Visa among best stocks to play fintech boom, Barron's says »

The fintech units within…

PYPL

PayPal

$118.65

-1.22 (-1.02%)

V

Visa

$179.18

-1.34 (-0.74%)

MA

MasterCard

$275.51

-1.11 (-0.40%)

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USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

, SBNY

Signature Bank

$123.87

1.07 (0.87%)

08:28
07/20/19
07/20
08:28
07/20/19
08:28
Periodicals
KeyCorp, U.S. Bancorp better positioned for Fed rate cut, Barron's says »

KeyCorp (KEY), Signature…

USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

SBNY

Signature Bank

$123.87

1.07 (0.87%)

KEY

KeyCorp

$17.45

0.15 (0.87%)

03/08/13
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