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LRCX

Lam Research

$195.15

0.4 (0.21%)

, AMAT

Applied Materials

$43.78

-0.16 (-0.36%)

09:34
04/23/19
04/23
09:34
04/23/19
09:34

Lam Research, Applied Materials price targets raised at Needham

Needham analyst N. Quinn Bolton raised his price target on Buy-rated Lam Research (LRCX) to $215 from $180 and Applied Materials (AMAT) to $52 from $45 as part of his broader industry research note on semiconductor names. The analyst states that while the WFE trough is likely to be prolonged with capital expenditures falling by 19% in 2019, he sees investors "largely looking past near-term results with an eye towards a spending recovery in 2020 and beyond." Bolton recommends that investors use any near-term earnings-driven weakness in Lam Research and Applied Materials as a buying opportunity.

LRCX

Lam Research

$195.15

0.4 (0.21%)

AMAT

Applied Materials

$43.78

-0.16 (-0.36%)

  • 24

    Apr

  • 29

    May

LRCX Lam Research
$195.15

0.4 (0.21%)

04/22/19
RILY
04/22/19
UPGRADE
Target $235
RILY
Buy
Lam Research upgraded to Buy from Neutral at B. Riley FBR
B. Riley FBR analyst Craig Ellis upgraded Lam Research to Buy from Neutral and raised his price target for the shares to $235 from $170. Signs of a bottom are becoming more visible, Ellis tells investors in a research note.
04/22/19
RILY
04/22/19
UPGRADE
Target $235
RILY
Buy
B. Riley FBR upgrades Lam Research to Buy on signs of cyclical trough
B. Riley FBR analyst Craig Ellis upgraded Lam Research to Buy from Neutral and raised his price target for the shares to $235 from $170. The analyst sees "increasingly visible recent signs" of a cyclical trough in Q1. Further, his analysis shows a "strong" NAND wafer start rebound is likely in 2020 after 2019's year-over-year drop. In addition, Lam's $5B share buyback could bring upside to consensus estimates, Ellis tells investors in a research note. He projects in-line fiscal Q3 estimates from Lam and sees only moderate estimate risk for Q4.
04/22/19
04/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. IPG Photonics (IPGP) upgraded to Buy from Neutral at BofA/Merrill. 2. Caleres (CAL) upgraded to Buy from Hold at Needham with analyst Rick Patel saying that his recent meeting with its CEO and CFO have given him an added confidence about the FY19 EPS guidance being "achievable and likely beatable." 3. Viavi (VIAV) upgraded to Neutral from Underweight at JPMorgan with analyst Samik Chatterjee saying the "buildup of industry tailwinds" in the form of 5G network deployments as well as fiber densification and adoption of 3D Sensing should drive medium-term growth above expectations. 4. Alcoa (AA) upgraded to Buy from Hold at Gabelli. 5. Lam Research (LRCX) upgraded to Buy from Neutral at B. Riley FBR with analyst Craig Ellis saying he sees "increasingly visible recent signs" of a cyclical trough in Q1. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/23/19
RBCM
04/23/19
NO CHANGE
Target $220
RBCM
Outperform
Lam Research price target raised to $220 from $190 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Lam Research to $220 and kept his Outperform rating ahead of its Q3 earnings, saying that while the near-term results may be a "tad light" given the latest Micron (MU) print and guide, investors will likely focus on the commentary around second-half of 2019 demand trends. The analyst believes that a below-consensus Q3 earnings print may not move the stock lower "materially" if the management conveys expectations of a second-half improvement or if Lam Research guides Q4 EPS above $3.25 per share.
AMAT Applied Materials
$43.78

-0.16 (-0.36%)

02/11/19
STFL
02/11/19
NO CHANGE
Target $53
STFL
Buy
Applied Materials price target lowered to $53 from $63 at Stifel
Stifel analyst Patrick Ho noted that key peers of Applied Materials (AMAT), such as KLA-Tencor (KLAC) and Lam Research (LRCX), have cited a 2019 WFE outlook of mid-teen to high teens decline and he expects Applied to provide a similar outlook on its earnings call later this week. Given this view, Ho lowered his 2019 estimates for Applied and cut his price target on the stock to $53 from $63 ahead of the company's earnings release on Thursday. However, Ho maintains a Buy rating on Applied shares, citing his belief that both the stock and industry fundamentals are at or near a bottom.
02/13/19
RBCM
02/13/19
NO CHANGE
RBCM
RBC Capital sees Google data centers news as positive for AMD, Nvidia
RBC Capital analyst Mitch Steves sees news of Google (GOOG; GOOGL) planning to spend about $13B to build new data centers in Nevada, Ohio, Texas and Nebraska along with additional expansion plans for the Virginia and NY City campuses as an incremental positive for AMD (AMD), Nvidia (NVDA), Arista Networks (ANET) and the Semi-cap equipment group, including Lam Research (LRCX), ASML (ASML), and Applied Materials (AMAT). One of the material concerns over the past few months has been hyperscale spending and this announcement should help quell fears surrounding a weaker spending environment, he contends.
02/15/19
DZBN
02/15/19
DOWNGRADE
DZBN
Hold
Applied Materials downgraded to Hold from Buy at DZ Bank
04/09/19
GSCO
04/09/19
INITIATION
Target $107
GSCO
Sell
KLA-Tencor reinstated with a Sell at Goldman Sachs
Goldman Sachs analyst Toshiya Hari reinstated coverage of KLA-Tencor (KLAC) with a Sell rating and $107 price target, which represents 14% downside. The analyst is cautious on the stock given potential downside to second half of 2019 Street estimates and near-term concerns regarding Orbotech's business. Further, Hari reduced his 2019 Wafer Fab Equipment market outlook from down 20% year-over-year to down 25% to reflect a "more negative view" on memory spending following "continued price declines" in DRAM and NAND. Expectations for a second half of 2019 recovery in Wafer Fab Equipment, the primary driver behind Semiconductor Capital Equipment stock price outperformance year-to-date, will fade over time, Hari tells investors in a research note. The analyst keeps Neutral ratings on both Applied Materials (AMAT) and Lam Research (LRCX).He boosted his price target for Applied Materials to $40 from $38 and for Lam to $172 from $158.

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NTLA

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GD

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NVLN

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LMT

Lockheed Martin

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TNXP

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  • 25

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SPX

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ATIS

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CVEO

Civeo

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AGO

Assured Guaranty

$42.56

-1.09 (-2.50%)

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