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QCOM

Qualcomm

$74.25

17.06 (29.83%)

, AAPL

Apple

$199.00

-0.21 (-0.11%)

09:11
04/17/19
04/17
09:11
04/17/19
09:11

Qualcomm price target raised to $84 from $70 after Apple pact at Rosenblatt

Rosenblatt analyst Jun Zhang raised his price target on Qualcomm (QCOM) to $84 from $70 following the company's settlement with Apple (AAPL), stating that he expects Apple to switch to Qualcomm modems in the second half of calendar 2019. He is "conservatively" modeling Qualcomm having 60% modem share at Apple in the second half of this year and believes Apple will use 100% Qualcomm 5G modems by the second half of 2020, Zhang tells investors. He estimates Apple will contribute $4B of total revenue to Qualcomm in 2020, including 40M 4G modem shipments and 100M 5G modem shipments. Zhang keeps a Buy rating on Qualcomm shares, which are up 14% to $80.55 in pre-market trading.

QCOM

Qualcomm

$74.25

17.06 (29.83%)

AAPL

Apple

$199.00

-0.21 (-0.11%)

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    Apr

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    Jun

QCOM Qualcomm
$74.25

17.06 (29.83%)

04/17/19
FBCO
04/17/19
NO CHANGE
Target $58
FBCO
Outperform
Meaningful share loss for Intel in 2020 after Apple, Qualcomm settlement, says Credit Suisse
Credit Suisse analyst John Pitzer notes that Qualcomm (QCOM) and Apple (AAPL) reported that they have settled their royalty dispute, following a roughly two-year legal battle that began in early 2017 - and resulted in Intel (INTC) gaining about 50% share in new iPhone SKUs in 2017 and 100% share of new SKUs in 2018. While the analyst sees little risk to Intel's CY19 Apple Revenue as modem sockets are determined 9-12 months in advance, he sees the potential for meaningful share loss in 2020 especially in the second half of the year as Apple ramps 5G SKUs. Pitzer reiterates an Outperform rating and a $58 price target on Intel shares.
04/17/19
ARGS
04/17/19
NO CHANGE
Target $95
ARGS
Qualcomm price target raised to $95 from $85 at Argus
Argus analyst Jim Kelleher raised his price target on Qualcomm (QCOM) to $95 and kept his Buy rating after the company agreed to settle all outstanding licensing and patent disputes with Apple (AAPL), with the two also entering into a 6-year chip-supply deal. Despite the 23% surge in the stock price on the announcement, the analyst believes that Qualcomm shares have "much further to go" since the company has not yet "started to monetize its significant intellectual property in 5G and multi-generation lead in 5G basebands." Kelleher further contends that Qualcomm's litigation settlement represents a "partial vindication of its licensing model and strategy."
04/17/19
KEYB
04/17/19
NO CHANGE
KEYB
Intel's plans to exit 5G Modem business not impacting 2019 outlook, says KeyBanc
KeyBanc analyst Weston Twigg says that on the heels of the Apple (AAPL)/Qualcomm (QCOM) deal, Intel (INTC) announced that it plans to exit the 5G smartphone modem business, which was originally expected to ramp in 2020 but was likely running behind schedule. The analyst believes that continued investment in its low-margin modem business made "little strategic sense" amid fab capacity constraints. Twigg does not expect this to impact Intel's 2019 outlook, though it is possible that it could improve the company's longer-term revenue and margin profile.
04/17/19
KEYB
04/17/19
NO CHANGE
KEYB
Sector Weight
Intel 5G modem challenges a key factor leading to Apple settlement, says KeyBanc
KeyBanc analyst John Vinh notes that Qualcomm (QCOM) and Apple (AAPL) announced an agreement to dismiss all legal proceedings between the two companies worldwide, and says he believes challenges at Intel (INTC) on its 5G modem were a key factor leading to the settlement. The analyst also thinks this settlement likely will lead to a Huawei settlement, which could add another 80c in EPS for Qualcomm. While Vinh views the settlement as encouraging and as removing a major overhang for Qualcomm, he remains Sector Weight as he believes the economic benefit from the Apple settlement is largely reflected in the stock.
AAPL Apple
$199.00

-0.21 (-0.11%)

04/17/19
WEDB
04/17/19
NO CHANGE
Target $225
WEDB
Outperform
Settlement 'major win' for Qualcomm, also positive for Apple, says Wedbush
Wedbush analyst Daniel Ives says that in a "surprise move," Apple (AAPL) and Qualcomm (QCOM) announced an agreement to dismiss all litigation between the two companies in a wide-reaching settlement. While Qualcomm expects a more meaningful financial impact, Apple can also "rest a little easier" as the risks of 5G and settling with Qualcomm take an overhang away from the name, he contends. The analyst believes this was a "major win for Qualcomm" as fears of a loss in the courts was a major cloud over the name with Apple going after this IP issue full steam ahead. This also removes uncertainty with Apple as the company now needs to move forward and focus on 5G front and center with Qualcomm in the rear-view mirror, he adds. Ives reiterates an Outperform rating and a $225 price target on Apple shares.
04/17/19
FBCO
04/17/19
NO CHANGE
Target $209
FBCO
Neutral
Apple settlement with Qualcomm removes overhang, says Credit Suisse
Credit Suisse analyst Matthew Cabral says that while the Apple (AAPL)/Qualcomm (QCOM) settlement announcement was light on details, it does remove the overhang on Apple associated with a drawn-out legal battle involving what had previously been one of the company's most important suppliers. Further, the multiyear chipset supply agreement with Qualcomm helps de-risk the 5G roadmap for iPhone, which he expects will be added along with the portfolio refresh in 2H20. Cabral reiterates a Neutral rating and a $209 price target on Apple's shares.

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EQBK

Equity Bancshares

$29.45

-0.3 (-1.01%)

16:55
04/22/19
04/22
16:55
04/22/19
16:55
Earnings
Equity Bancshares reports Q1 adj. EPS 61c, consensus 65c »

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EMES

Emerge Energy

$1.68

0.16 (10.53%)

16:53
04/22/19
04/22
16:53
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16:53
Hot Stocks
Emerge Energy enters into a restructuring support agreement with its subsidiary »

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OMC

Omnicom

$81.83

-0.47 (-0.57%)

16:51
04/22/19
04/22
16:51
04/22/19
16:51
Hot Stocks
Omnicom officer Jonathan Nelson sells over $400K in company shares »

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  • 20

    May

CE

Celanese

$104.50

-0.7 (-0.67%)

16:50
04/22/19
04/22
16:50
04/22/19
16:50
Hot Stocks
Celanese reports Q1 EBIT $421M vs. $474M last year »

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  • 23

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CE

Celanese

$104.50

-0.7 (-0.67%)

16:49
04/22/19
04/22
16:49
04/22/19
16:49
Hot Stocks
Celanese CEO sees Q2 conditions similar to Q1 »

CEO Mark Rohr says:…

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  • 23

    Apr

CE

Celanese

$104.50

-0.7 (-0.67%)

16:48
04/22/19
04/22
16:48
04/22/19
16:48
Earnings
Celanese backs FY19 EPS view of about $10.50, consensus $10.37 »

The company states:…

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  • 23

    Apr

CE

Celanese

$104.50

-0.7 (-0.67%)

16:46
04/22/19
04/22
16:46
04/22/19
16:46
Earnings
Celanese reports Q1 adjusted EPS $2.62, consensus $2.41 »

Reports Q1 revenue…

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  • 23

    Apr

SIMO

Silicon Motion

$42.15

-0.52 (-1.22%)

16:44
04/22/19
04/22
16:44
04/22/19
16:44
Downgrade
Silicon Motion rating change  »

Silicon Motion cut to…

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TSLA

Tesla

$262.90

-10.35 (-3.79%)

16:42
04/22/19
04/22
16:42
04/22/19
16:42
Hot Stocks
Tesla CEO sees Robotaxis on the road in 2020 »

Says cost of Robotaxi…

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  • 22

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16:39
04/22/19
04/22
16:39
04/22/19
16:39
Conference/Events
SunTrust gov't affairs analysts to hold an analyst/industry conference call »

Analysts hold an…

BA

Boeing

$375.02

-5 (-1.32%)

, TSLA

Tesla

$262.90

-10.35 (-3.79%)

16:38
04/22/19
04/22
16:38
04/22/19
16:38
On The Fly
Fly Intel: Wall Street's top stories for Monday »

The major averages were…

BA

Boeing

$375.02

-5 (-1.32%)

TSLA

Tesla

$262.90

-10.35 (-3.79%)

KMB

Kimberly-Clark

$130.24

6.76 (5.47%)

GWW

Grainger

$291.05

-17.215 (-5.58%)

SSNLF

Samsung

$0.00

(0.00%)

KEYW

KEYW

$11.16

3.31 (42.17%)

JEC

Jacobs Engineering

$78.69

1.755 (2.28%)

AKRX

Akorn

$2.98

0.21 (7.58%)

EAF

GrafTech

$12.35

-1.58 (-11.34%)

ISRG

Intuitive Surgical

$490.70

-37.34 (-7.07%)

03/08/13
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TSLA

Tesla

$262.90

-10.35 (-3.79%)

16:38
04/22/19
04/22
16:38
04/22/19
16:38
Hot Stocks
Tesla CEO sees Model S/3/X production of 10,000/wk in 2019 »

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LENS

Presbia

$0.56

-0.0034 (-0.61%)

16:38
04/22/19
04/22
16:38
04/22/19
16:38
Hot Stocks
Breaking Hot Stocks news story on Presbia »

Presbia trading halted,…

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ALDR

Alder Biopharmaceuticals

$12.77

0.1 (0.79%)

16:36
04/22/19
04/22
16:36
04/22/19
16:36
Hot Stocks
Alder Biopharmaceuticals: FDA accepts for review the BLA for eptinezumab »

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  • 04

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GPC

Genuine Parts

$103.62

-1.84 (-1.74%)

16:33
04/22/19
04/22
16:33
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16:33
Hot Stocks
Genuine Parts CEO Paul Donahue to also serve as board chairman »

Genuine Parts announced…

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  • 22

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TSLA

Tesla

$262.90

-10.35 (-3.79%)

16:32
04/22/19
04/22
16:32
04/22/19
16:32
Hot Stocks
Tesla says Autopilot observes driver, pedestrian tendencies »

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HSTM

HealthStream

$27.23

0.11 (0.41%)

16:32
04/22/19
04/22
16:32
04/22/19
16:32
Earnings
HealthStream backs FY19 revenue view $251M-$258M, consensus $255.84M »

Raises FY19 CapEx view to…

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HSTM

HealthStream

$27.23

0.11 (0.41%)

16:31
04/22/19
04/22
16:31
04/22/19
16:31
Earnings
HealthStream reports Q1 EPS 15c, consensus 7c »

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RCKT

Rocket Pharmaceuticals

$17.78

0.91 (5.39%)

16:31
04/22/19
04/22
16:31
04/22/19
16:31
Initiation
Rocket Pharmaceuticals initiated  »

Rocket Pharmaceuticals…

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GES

Guess

$16.66

-0.41 (-2.40%)

16:30
04/22/19
04/22
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16:30
Hot Stocks
Breaking Hot Stocks news story on Guess »

Guess down 3.9% at $16…

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16:30
04/22/19
04/22
16:30
04/22/19
16:30
Options
Preliminary option volume of 15.3M today »

Preliminary option volume…

GRTS

Gritstone Oncology

$14.57

0.86 (6.27%)

16:29
04/22/19
04/22
16:29
04/22/19
16:29
Syndicate
Gritstone Oncology files to sell 6.5M shares of common stock »

Goldman Sachs & Co.,…

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ACC

American Campus

$46.47

-0.87 (-1.84%)

16:28
04/22/19
04/22
16:28
04/22/19
16:28
Earnings
American Campus reports Q1 FFO 69c, consensus 65c »

Reports Q1 revenue…

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GES

Guess

$16.66

-0.41 (-2.40%)

16:26
04/22/19
04/22
16:26
04/22/19
16:26
Hot Stocks
Guess to initiate $150M stock buyback »

Guess intends to initiate…

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GES

Guess

$16.66

-0.41 (-2.40%)

16:26
04/22/19
04/22
16:26
04/22/19
16:26
Syndicate
Guess to offer $250M in convertible senior notes »

The company states the…

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