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INTC

Intel

$56.40

0.13 (0.23%)

, AAPL

Apple

$199.00

-0.21 (-0.11%)

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

Intel exiting 5G smartphone modem business 'a positive,' says Wells Fargo

Wells Fargo analyst Aaron Rakers says that following the Apple (AAPL)-Qualcomm (QCOM) settlement announcement, Intel (INTC) announced its intention to exit the 5G smartphone modem business. The analyst views this as a positive for Intel. Rakers reiterates a Market Perform rating on Intel's shares.

INTC

Intel

$56.40

0.13 (0.23%)

AAPL

Apple

$199.00

-0.21 (-0.11%)

QCOM

Qualcomm

$74.25

17.06 (29.83%)

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    Jun

INTC Intel
$56.40

0.13 (0.23%)

04/10/19
DADA
04/10/19
NO CHANGE
Target $21
DADA
Buy
FormFactor price target raised to $21 from $18 at DA Davidson
DA Davidson analyst Thomas Diffely raised his price target on FormFactor (FORM) to $21 and kept his Buy rating after meeting with its management at an investor event last week. The analyst says investors were "pleasantly surprised" by the stability of the company's "design driven model" during industry slowdowns, adding that he sees FormFactor's "unique business drivers" being "larger then expected". Diffely further cites a potential revenue recovery at Intel (INTC), continued revenue growth at TSMC (TSM), and ramping activity from 5G and photonic" markets in concluding that FormFactor's growth prospects look "increasingly bullish".
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
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.
04/17/19
RSBL
04/17/19
NO CHANGE
Target $84
RSBL
Buy
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.
04/17/19
04/17/19
UPGRADE
Target $90

Outperform
Qualcomm upgraded to Outperform following Apple settlement at Evercore ISI
As previously reported, Evercore ISI upgraded Qualcomm (QCOM) to Outperform from In Line and raised its price target to $90 from $60 following the settlement with Apple (AAPL). Analyst C.J. Muse expects Qualcomm's earnings power to move "considerably higher" with incremental earnings of $2 from Apple and sees normalized earnings of $6.50-$7 into FY21 when including Huawei payments and buybacks. Muse said shares are "finally invertible again" now that the litigation is over combined with a clear path for the 5G ramp.
QCOM Qualcomm
$74.25

17.06 (29.83%)

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UBER

Uber

$41.40

0.94 (2.32%)

17:49
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APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

17:46
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17:46
Syndicate
Aptose Biosciences files for $40M at-the-market common stock offering »

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TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

17:26
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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:25
05/24/19
05/24
17:25
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17:25
Hot Stocks
U.S. Energy discloses Nasdaq notice regarding delayed 10-Q filing »

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AAPL

Apple

$179.03

-0.64 (-0.36%)

17:22
05/24/19
05/24
17:22
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17:22
Periodicals
Apple sued over allegedly selling users' iTunes data, Bloomberg says »

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SPCB

SuperCom

$1.17

-0.005 (-0.43%)

17:21
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17:21
Hot Stocks
SuperCom discloses Nasdaq notice regarding delayed 20-F filing »

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:20
05/24/19
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17:20
Hot Stocks
U.S. Energy receives noncompliance notice from Nasdaq »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:18
05/24/19
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17:18
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17:18
Syndicate
Breaking Syndicate news story on Myovant Sciences »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:17
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Syndicate
Breaking Syndicate news story on Myovant Sciences »

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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

16:57
05/24/19
05/24
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16:57
Hot Stocks
Qiagen launches diagnostic for PIK3CA biomarkers in breast cancer »

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NVS

Novartis

$87.49

3.03 (3.59%)

QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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AVH

Avianca

$3.96

0.91 (29.84%)

16:56
05/24/19
05/24
16:56
05/24/19
16:56
Periodicals
ANAC suspends flights, operations of Avianca Brasil, Reuters reports »

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
05/24/19
05/24
16:53
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16:53
Periodicals
Apple acquires startup Tueo Health, CNBC reports »

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  • 03

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SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
05/24/19
05/24
16:52
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16:52
Syndicate
Breaking Syndicate news story on SharpSpring »

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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
05/24/19
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16:41
Syndicate
Breaking Syndicate news story on China Recycling Energy »

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FENC

Fennec

$3.88

(0.00%)

16:36
05/24/19
05/24
16:36
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16:36
Conference/Events
Fennec management to meet with Wedbush »

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:35
05/24/19
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Breaking Syndicate news story on Toronto-Dominion »

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16:30
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Options
Preliminary option volume of 15.7M today »

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CBUS

Cibus

$0.00

(0.00%)

16:25
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Cibus requests withdrawal of registration statement »

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BA

Boeing

$355.14

4.57 (1.30%)

16:23
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Boeing 737 MAX return delayed by FAA expanding review, WSJ reports »

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FB

Facebook

$181.03

0.14 (0.08%)

, BA

Boeing

$355.14

4.57 (1.30%)

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On The Fly
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Facebook

$181.03

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BA

Boeing

$355.14

4.57 (1.30%)

UAL

United Continental

$80.77

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SMI

SMIC

$5.23

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HPQ

HP Inc.

$20.03

0.835 (4.35%)

HPE

HP Enterprise

$14.36

0.03 (0.21%)

NVS

Novartis

$87.49

3.03 (3.59%)

CNC

Centene

$56.84

1.39 (2.51%)

WCG

WellCare

$275.45

0.99 (0.36%)

TSS

TSYS

$113.42

13.81 (13.86%)

GPN

Global Payments

$153.42

5.45 (3.68%)

HIBB

Hibbett Sports

$23.91

4.07 (20.51%)

DVAX

Dynavax

$5.77

-0.59 (-9.28%)

FL

Foot Locker

$44.39

-8.455 (-16.00%)

SPLK

Splunk

$119.13

-9.55 (-7.42%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
05/24/19
05/24
16:20
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16:20
Options
Closing CBOE SPX and VIX Index summary for May 24th »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
05/24/19
05/24
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16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
05/24/19
05/24
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05/24/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

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RHE

Regional Health Properties

$2.06

0.09 (4.57%)

16:15
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Hot Stocks
Regional Health Properties receives NYSE notice over late Form 10-Q filing »

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TBIO

Translate Bio

$9.12

-0.09 (-0.98%)

16:14
05/24/19
05/24
16:14
05/24/19
16:14
Syndicate
Breaking Syndicate news story on Translate Bio »

Translate Bio files to…

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