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MU

Micron

$38.40

-0.12 (-0.31%)

, SWKS

Skyworks

$78.75

0.66 (0.85%)

08:27
05/16/19
05/16
08:27
05/16/19
08:27

Micron, Skyworks, Qorvo among chipmakers exposed to Huawei, says Morgan Stanley

Following media reports discussing a potential ban of sales from U.S. companies to Huawei, Morgan Stanley analyst Joseph Moore identified semiconductor companies with exposure to the company, including Skyworks (SWKS), Qorvo (QRVO), Broadcom (AVGO), Analog Devices (ADI), ON Semiconductor (ON), Maxim (MXIM), Texas Instruments (TXN), Xilinx (XLNX), Micron (MU) and Inphi (IPHI). In his note, Moore recalled that a similar ban on ZTE (ZTCOY) last year was ultimately removed.

MU

Micron

$38.40

-0.12 (-0.31%)

SWKS

Skyworks

$78.75

0.66 (0.85%)

QRVO

Qorvo

$73.36

0.5 (0.69%)

AVGO

Broadcom

$304.30

2.3 (0.76%)

ADI

Analog Devices

$107.90

1.15 (1.08%)

MXIM

Maxim Integrated

$54.78

0.69 (1.28%)

TXN

Texas Instruments

$110.24

1.22 (1.12%)

XLNX

Xilinx

$114.44

1.66 (1.47%)

IPHI

Inphi

$51.47

1.365 (2.72%)

ZTCOY

ZTE Corp.

$0.00

(0.00%)

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    Jun

MU Micron
$38.40

-0.12 (-0.31%)

05/16/19
WEDB
05/16/19
NO CHANGE
Target $235
WEDB
Outperform
Low likelihood Apple iPhones feel 'brunt of tariffs,' says Wedbush
Wedbush analyst Daniel Ives notes that there continues to be a lot of noise and confusion around the recently hiked 25% Chinese tariff and its potential impact on the tech food chain, semiconductor names like Nvidia (NVDA), Micron (MU), and Intel (INTC), and Apple (AAPL). Commenting on the news around the Trump administration's ban on Huawei products in the U.S., the analyst says he expects a "lot more sand to be thrown in the sand box between the Beltway and Shanghai until the G-20 talks," but cautions investors on Apple to not jump to conclusions. Many are "yelling fire in a crowded theater" saying this tariff issue will be a major fundamental blow to Apple, but the analyst "strongly" disagrees. Ives ultimately thinks there is a low likelihood that Apple and its iPhones feel the brunt of the tariff, and notes that the more concerning issue is around any hit in demand if Apple feels the noise in China and any pro Huawei sentiment negatively impacting sales in the near-term. The analyst reiterates an Outperform rating and a $235 price target on Apple's shares.
05/14/19
WEDB
05/14/19
NO CHANGE
Target $235
WEDB
Outperform
Cost of making Apple iPhones may go up amid U.S./China trade battle,says Wedbush
with its own $60B shot across the bow, Wedbush analyst Daniel Ives says that semiconductor names such as Nvidia (NVDA), Intel (INTC), and Micron (MU) among others represent clear worries that a potential supply chain disruption could be in the cards along with higher component costs being passed down the tech ecosystem and thus softening demand globally. While many U.S. companies are impacted by this latest trade tension, the "poster child for the U.S./China UFC battle" continues to be Apple (AAPL), with fears running rampant that these latest tariffs could significantly increase the cost of iPhones globally, he contends. Based on his analysis, Ives believes the cost of making iPhones currently will go up by roughly 2%-3%. However, if the Trump administration decides to levy a tariff on the additional $325B of Chinese goods over the coming weeks/months this would be more of a potential game changer from the perspective of the incremental costs to Apple and its iPhone production with expenses that could escalate by roughly 10%-plus over time. He reiterates an Outperform rating and a $235 price target on Apple shares.
04/17/19
CLVD
04/17/19
NO CHANGE
CLVD
Neutral
NAND turn could come sooner than expected, says Cleveland Research
Cleveland Research analyst Chandler Converse said his work indicates that the pace of DRAM price declines is expected to decelerate in the second half of the year and that the NAND market could bottom in the second half as the turn could be sooner than previously expected. The analyst, who sees a more favorable 2020 setup for DRAM/NAND pricing, keeps a Neutral rating on Micron shares.
04/26/19
STFL
04/26/19
NO CHANGE
STFL
Intel report positive for AMD, negative for Nvidia, says Stifel
After Intel (INTC) reported Q1 results and lowered its FY19 revenue guidance by about 3.5%, Stifel analyst Kevin Cassidy noted that management said the data center inventory and capacity digestion period they had described in January was more pronounced than expected, calling out increased headwinds in China. He views the weaker data center outlook as negative for Nvidia (NVDA), but sees less risk to his AMD (AMD) estimates given the company's market share growth and limited data center exposure in China. Also, Intel's guidance for Q2 PC revenue to decline high single digits could suggest AMD market share gains and/or Intel customers reducing inventory following many quarters of CPU shortages, said Cassidy. He views the likely shift away from HDDs indicated by Intel as negative for Seagate (STX) and Western Digital (WDC). In terms of NAND, Intel described an "incrementally more challenging" pricing environment, though Cassidy maintains his outlook for Western Digital and Micron (MU), contending that the impact of industry wide supply cuts should begin to ease the supply/demand imbalance later this year.
SWKS Skyworks
$78.75

0.66 (0.85%)

05/03/19
CHLM
05/03/19
NO CHANGE
Target $105
CHLM
Buy
Skyworks price target raised to $105 from $90 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss raised his price target for Skyworks to $105 from $90 and maintained a Buy rating after the company reported results in-line with estimates as weakness in China was offset by strength in Broad Markets. Stoss tells investors in a research note that he believes Skyworks will benefit from significant content expansion in 2020 as 5G phones rollout in volume.
05/03/19
BMOC
05/03/19
NO CHANGE
Target $105
BMOC
Outperform
Skyworks price target raised to $105 from $94 at BMO Capital
BMO Capital analyst Ambrish Srivastava raised his price target on Skyworks to $105 and kept his Outperform rating after its Q2 earnings beat, saying the management was "appropriately conservative" in its conference call tone given the " inherent volatility in the smartphone market." The analyst also expects "seasonal" September demand and anticipates China performance to be incrementally better, recommending that investors take advantage of any "undue weakness" in shares.
05/03/19
ADAM
05/03/19
NO CHANGE
Target $99
ADAM
Buy
Skyworks price target raised to $99 from $84 at Canaccord
Canaccord analyst T. Michael Walkley raised his price target for Skyworks to $99 from $84 and maintained a Buy rating following the company's "solid" results and guidance. With the near-term weakness subsiding entering the second half of 2019 and the market absorbing excess smartphone inventory, Walkley tells investors in a research note that he believes the RF total addressable market for smartphones remains a stronger growth market than the semi market for the next several years due to more complex smartphone mix among Chinese OEMs, growing IoT opportunities, and the upcoming 5G market opportunity. He also believes Skyworks' diverse analog portfolio positions its Broad Market division for double-digit annual growth longer-term driven by content share in markets such as WiFi, wireless infrastructure, automotive, and the IoT markets.
04/17/19
04/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Neutral from Buy at UBS with analyst Eric Wasserstrom saying his analysis of PayPal's core operations indicates "limited beat-and-raise potential" over the next two years. 2. GasLog Partners (GLOP) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Fotis Giannakoulis saying he believes the partnership's ability to accretively fund new dropdowns has become increasingly more challenging. 3. Bank of America (BAC) downgraded to Hold from Buy at Jefferies with analyst Kenneth Usdin saying he does not see enough upside to warrant a Buy rating. 4. Comerica (CMA) downgraded to Outperform from Strong Buy at Raymond James and to Hold from Buy at Jefferies. 5. Skyworks (SWKS) downgraded to Neutral from Outperform at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
QRVO Qorvo
$73.36

0.5 (0.69%)

05/08/19
ADAM
05/08/19
UPGRADE
Target $87
ADAM
Buy
Qorvo upgraded to Buy with $87 target after earnings at Canaccord
Canaccord analyst T. Michael Walkley upgraded Qorvo to Buy from Hold and raised his price target for the shares to $87 from $70 following the company's quarterly results, saying he expects Qorvo to remain focused on developing integrated solutions to drive dollar content growth to grow faster than the slow growing smartphone market and anticipate improving growth trends as 5G ramps in F2021, supported by management's view for an incremental $1B of mobile RF TAM due to 5G design activity accelerating.
05/08/19
CHLM
05/08/19
NO CHANGE
Target $85
CHLM
Buy
Qorvo price target raised to $85 from $72 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss raised his price target for Qorvo to $85 from $72 after the company reported results and guidance above estimates on content growth at Huawei as well as continued strength in its 5G infrastructure business. The analyst thinks Qorvo should be firing on all cylinders in 2020 as 5G smartphones hit the market in volume driving significant content expansion for the company. Stoss reiterates a Buy rating on the shares.
05/08/19
DADA
05/08/19
NO CHANGE
Target $82
DADA
Neutral
Qorvo price target raised to $82 from $70 at DA Davidson
DA Davidson analyst Thomas Diffely raised his price target on Qorvo to $82 after its Q4 earnings beat, above-consensus outlook for Q1, and expectations of an even better FY20. The analyst cites the company's "key design wins" and increased content among the top smartphone manufacturers that should allow it to generate flat Mobile segment revenue in FY20. The analyst also raises his FY20 EPS outlook by 30c to $6.00 to reflect the "incremental design wins" and the 5G opportunity.
05/08/19
05/08/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Mosaic (MOS) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas stating that following the stock's underperformance on a one, three, five, and ten year period, Mosaic shares now offer a favorable risk/reward balance. 2. Qorvo (QRVO) upgraded to Buy from hold at Canaccord with analyst T. Michael Walkley saying he expects Qorvo to remain focused on developing integrated solutions to drive dollar content growth to grow faster than the slow growing smartphone market and anticipates improving growth trends as 5G ramps in F2021. 3. LendingClub (LC) upgraded to Outperform from Neutral at Wedbush with analyst Henry Coffey sayinh the company now operates with a more complex, more diversified source of loan buying/funding, a tighter focus around its primary credit niche, and a focus on operating efficiency that has it within eyesight of generating an adjusted EBITDA margin of 20% by the end of 2019. 4. US Foods (USFD) upgraded to Buy from Neutral at Buckingham with analyst Bob Summers continuing to have a "very favorable" sector view as he believes that food away from home trends will continue and the industry fragmentation favors large, well-capitalized operators. 5. Office Properties (OPI) upgraded to Hold from Underperform at Jefferies with analyst Jonathan Petersen noting the market now well understands the earnings dilution from the FPO acquisition. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AVGO Broadcom
$304.30

2.3 (0.76%)

04/26/19
KEYB
04/26/19
NO CHANGE
Target $350
KEYB
Overweight
Broadcom price target raised to $350 from $335 at KeyBanc
KeyBanc analyst John Vinh raised his price target for Broadcom (AVGO) to $350 from $335 and maintained an Overweight rating, telling investors in a research note that given recent supply chain feedback, he believes Broadcom has regained the mid-high band PAD share back from Qorvo (QRVO) in the 2019 iPhone.
05/16/19
JPMS
05/16/19
NO CHANGE
Target $365
JPMS
Overweight
Google beta of AI hardware platform positive for Broadcom, says JPMorgan
Google (GOOG, GOOGL) last week at its developer's conference announced that it is offering its flagship artificial intelligence/deep learning hardware platform, called TPU, to the public in beta, JPMorgan analyst Harlan Sur tells investors in a research note. The analyst views the announcement as positive for Broadcom (AVGO) as he believes the company has co-developed all three generations of Google's TPU AI processor customer chips. Further, Sur thinks Broadcom has also won Google's next generation TPU 4.0 processor chip design, which he believes is targeted for ramp in 2021. In addition, the analyst adds that Broadcom has less than 2% total revenue exposure to Huawei. Sur reiterates an Overweight rating on Broadcom with a $365 price target.
04/26/19
KEYB
04/26/19
DOWNGRADE
KEYB
Sector Weight
Qorvo downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst John Vinh downgraded Qorvo (QRVO) to Sector Weight from Overweight, saying he had previously upgraded the stock as feedback from multiple supply chain partners indicated the company had been designed into the 2019 iPhone and was expected to gain share, as it relates to the mid/high-band PAD. However, Vinh tells investors in a research note that recent field work indicates that despite the design win, Qorvo has failed to be qualified and is likely to lose its share in the 2019 iPhone back to Broadcom (AVGO). As this was a key tenet of his Overweight thesis and he believes it puts forward estimates at risk, he downgraded the stock to Sector Weight.
04/26/19
RHCO
04/26/19
NO CHANGE
Target $56
RHCO
Hold
Intel price target raised to $56 from $53 at SunTrust
SunTrust analyst William Stein raised his price target on Intel (INTC) to $56 in spite of the weak March quarter and expected deterioration in the June quarter, saying the "modest" re-set of 2019 guidance implies a snap-back rebound in performance in the back half of the year. The analyst is keeping his Hold rating on Intel however, adding that the immediate weakness in the Data Center Group could be a negative for suppliers like Nvidia (NVDA). Stein also notes that he prefers his Buy-rated Broadcom (AVGO) because of its lower valuation, higher growth, and higher dividend yield.
ADI Analog Devices
$107.90

1.15 (1.08%)

04/30/19
RBCM
04/30/19
INITIATION
Target $140
RBCM
Outperform
Analog Devices assumed with an Outperform at RBC Capital
RBC Capital analyst Mitch Steves assumes Analog Devices with an Outperform rating and a price target of $140, citing expected benefits to the company from 5G content ramp and the incremental savings from its Linear Technologies acquisition. The analyst calls Analog Devices the "5G Analog asset of choice" and believes that the communications segment will be an outperforming end-market over the next 18 months.
03/25/19
03/25/19
DOWNGRADE
Target $120

Market Perform
Analog Devices downgraded to Market Perform at Bernstein
As previously reported, Bernstein analyst Stacy Rasgon downgraded Analog Devices to Market Perform from Outperform, with a $120 price target, after the shares recent run. While the analyst would not "talk anyone out of owning" shares for the long-term, given the broader set-up he might prefer to put new money to work in other parts of the space with more valuation support. Further, the analyst notes that his original Analog Devices upgrade a year ago was based on valuation renormalization, which has now occurred. While the company may be able to grind some more growth out of the communications story it seems to be expected at this point, he contends.
03/25/19
BERN
03/25/19
DOWNGRADE
BERN
Market Perform
Analog Devices downgraded to Market Perform from Outperform at Bernstein
03/25/19
03/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Akamai (AKAM) downgraded to Sell from Hold at Deutsche Bank with analyst Vijay Bhagavath saying his estimates for fiscal 2019 through fiscal 2021 are below consensus for both sales and earnings. 2. Nu Skin (NUS) downgraded to Sell from Hold at Stifel with analyst Mark Astrachan saying he sees increasing uncertainty surrounding direct selling companies in China relating to the investigation announced in January into the unlawful promotion and sale of health products. 3. TrueCar (TRUE) downgraded to Hold from Buy at Benchmark with analyst Daniel Kurnos saying he believes it may take several quarters for management to regain credibility, with each quarter heavily scrutinized along the way. 4. Texas Instruments (TXN) and Analog Devices (ADI) downgraded to Market Perform from Outperform at Bernstein. 5. CalAmp (CAMP) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying he sees limited catalysts for the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MXIM Maxim Integrated
$54.78

0.69 (1.28%)

02/25/19
JPMS
02/25/19
NO CHANGE
JPMS
JPMorgan recommends staying overweight Semiconductor group
JPMorgan analyst Harlan Sur believes the Semiconductor bottoming these is playing out and he tells investors to stay overweight the group. His top picks continue to be Broadcom and Lam Research (LRCX), and he also favors Intel (INTC), Nvidia (NVDA), Micron (MU), Maxim Integrated (MXIM), and small caps Inphi (IPHI) and Mellanox (MLNX). Sur says the "longer-term compute/networking/storage and memory spending trends in cloud/hypsercale will be a strong driver for the group."
05/01/19
MKMP
05/01/19
NO CHANGE
Target $62
MKMP
Neutral
Maxim Integrated price target raised to $62 from $54 at MKM Partners
MKM Partners analyst Ruben Roy raised his price target on Maxim Integrated to $62 after its in-line Q3 results, saying the end market demand appears to be stabilizing. The analyst also cites the company having reduced its inventory days by lowering shipments to distribution customers. Roy adds that Maxim Integrated's execution has been solid in a "challenging environment", but sees the valuation on the stock reflecting the positives and keeps his Neutral rating.
04/30/19
RBCM
04/30/19
INITIATION
Target $64
RBCM
Sector Perform
Maxim Integrated assumed with a Sector Perform at RBC Capital
RBC Capital analyst Mitch Steves assumes Maxim Integrated with an Sector Perform rating and a price target of $64, noting that the company's organic growth efforts are likely priced into the stock. The analyst contends however that Maxim Integrated could become an acquisition target while pointing to its leading position in the power management segment along with its margin expansion trends and shareholder-friendly capital allocation targets.
04/01/19
CHLM
04/01/19
NO CHANGE
Target $38
CHLM
Hold
Cirrus Logic ANC not in new Apple AirPods 2, says Craig-Hallum
Craig-Hallum analyst Anthony Stoss says that recent iFixit teardown confirms Cirrus Logic's (CRUS) Adaptive Noise Cancelation, or ANC, is not in the new Apple (AAPL) AirPods 2. The analyst believes shares of Cirrus Logic have risen 30%-plus since hitting their low in the beginning of January on investor belief that it was in the AirPods 2. The low power codec looks very similar to the previously used Maxim Integrated (MXIM) codec, which leads the analyst to believe Apple is likely using Maxim Integrated again. Stoss believes that given the rally in shares and historically high PE, Cirrus Logic's shares will likely selloff as investors figure out their assumptions were incorrect. He reiterates a Hold rating and a $38 price target on Cirrus Logic stock.
TXN Texas Instruments
$110.24

1.22 (1.12%)

05/07/19
NOMU
05/07/19
INITIATION
Target $106
NOMU
Neutral
Texas Instruments initiated with a Neutral at Nomura Instinet
Nomura Instinet analyst David Wong started Texas Instruments with a Neutral rating and $106 price target. The analyst expects the company's trend of returning capital capital to holders via share repurchases and dividends to continue.
04/24/19
LOOP
04/24/19
NO CHANGE
Target $126
LOOP
Buy
Texas Instruments price target raised to $126 from $120 at Loop Capital
Loop Capital analyst Cody Acree raised his price target on Texas Instruments to $126 after a "mixed" Q1 performance. The analyst points to its "solid" sales / earnings beat and a below-consensus outlook for Q2, along with "cautious" commentary around continued slower annual demand. Acree is keeping his Buy rating on Texas Instruments however, saying the recent improvement in economic data from U.S. and China is reducing the macro related uncertainty, while the talks between the countries are giving some optimism toward the resolution of their trade tensions. The analyst further cites the potential benefits coming to Texas Instruments from the telecom transition to 5G equipment.
04/30/19
RBCM
04/30/19
INITIATION
Target $124
RBCM
Sector Perform
Texas Instruments assumed with a Sector Perform at RBC Capital
RBC Capital analyst Mitch Steves assumes Texas Instruments with an Sector Perform rating and a price target of $124, noting that the current demand checks suggest a "difficult period" for its analog sector. The analyst prefers "memory/5G/GPU investments" in the space, even though he is positive on Texas Instruments' expected mid-high single digit growth, market share gains, and margin expansion.
05/07/19
05/07/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pinduoduo (PDD) initiated with a Hold at 86 Research. 2. Roku (ROKU) initiated with an Overweight at Stephens. 3. Jumia Technologies (JMIA) initiated with a Hold at Stifel, with a Hold at Berenberg, with a Market Perform at Raymond James, with an Underweight at Morgan Stanley and with a Market Perform at William Blair. 4. Texas Instruments (TXN) initiated with a Neutral at Nomura Instinet. 5. TSMC (TSM) initiated with a Buy at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
XLNX Xilinx
$114.44

1.66 (1.47%)

05/15/19
MKMP
05/15/19
NO CHANGE
Target $120
MKMP
Neutral
Xilinx incremental growth unlikely to be linear, says MKM Partners
MKM Partners analyst Ruben Roy keeps his Neutral rating and $120 price target on Xilinx after its Analyst Day presentation yesterday highlighted its expectations of positive exposure to the three big technology "megatrends" - 5G, data center, and automotive end market growth. The analyst notes that the company's platform-based investment in innovation and technology, rather than "discrete product offerings" is compelling and likely to produce above-market growth. Roy adds however that the growth in target markets is "lumpy" and will not be linear, stating that the expectations for Xilinx's "solid execution" is already reflected in its current 27-times forward earnings multiple.
05/15/19
BMOC
05/15/19
NO CHANGE
Target $115
BMOC
Market Perform
Xilinx price target lowered to $115 from $125 at BMO Capital
BMO Capital analyst Ambrish Srivastava lowered his price target on Xilinx to $115 and kept his Market Perform rating after its Analyst Day, saying that while the company's growth drivers - including its 5G opportunity - were well presented, the operating expenditure expectations had an "upward bias". The analyst notes that the stock has been outperforming for some time and should continue to do so, but believes that Xilinx is "reasonably valued at these levels", lowering his implied forward earnings multiple to 26-times from 31-times.
04/25/19
04/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Outperform at Wedbush with analyst Daniel Ives saying the demand story is quickly changing and the company has "unfortunately not adjusted to an evolving EV landscape." 2. PTC (PTC) downgraded to Underweight from Neutral at JPMorgan, to Underperform from Neutral at BofA/Merrill, and to Neutral on IoT/AR uncertainties at Wedbush. 3. Xilinx (XLNX) downgraded to Hold from Buy at Needham and to Neutral from Buy at Goldman Sachs. 4. Spirit Airlines (SAVE) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Didora saying industry pricing has not improved and sees some cost pressures that limit upside potential. 5. CyberArk (CYBR) downgraded to Neutral from Buy at UBS with analyst Fatima Boolani saying she remains bullish on the company's fundamentals as well as its execution consistency and "expanding mindshare in a market gone mainstream," which have accelerated the company's revenue growth to over 30% and supported the 70% year-to-date run-up in the stock price. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/25/19
RHCO
04/25/19
NO CHANGE
Target $126
RHCO
Hold
Xilinx price target raised to $126 from $102 at SunTrust
SunTrust analyst William Stein raised his price target on Xilinx to $126 and also raised his 2020 EPS outlook to $4.22 from $4.08 after its Q4 earnings beat and affirmed 10% long-term sales growth outlook. The analyst is keeping his Hold rating however, citing "solidly" lower than expected Q1 outlook. Stein believes that Xilinx shares are fairly valued, though he adds that he would be "more interested" on a "meaningful reset" in stock price given the company's "longer-term growth potential in datacenter, wireless, and automotive."
IPHI Inphi
$51.47

1.365 (2.72%)

05/01/19
JPMS
05/01/19
NO CHANGE
Target $55
JPMS
Overweight
Inphi price target raised to $55 from $46 at JPMorgan
JPMorgan analyst Harlan Sur raised his price target for Inphi to $55 from $46 saying the company reported "solid" Q1 results with a return to 30%-plus year-over-year growth and "strong" Q2 guidance. The analyst continues to buy Inphi at current levels and he keeps an Overweight rating on the name.
05/06/19
NEED
05/06/19
NO CHANGE
Target $70
NEED
Buy
Lumentum, Fabrinet price targets raised at Needham
Needham analyst Alex Henderson raised his price targets on Buy-rated Lumentum (LITE) to $70 from $65 and Fabrinet (FN) to $68 from $62 ahead of their earnings, saying he is "modestly" more positive on the stocks going into the print. For Lumentum, the analyst believes the company can benefit from strong demand and constrained capacity trends for ROADMs along with positive regional deployment activity in China that was also signalled by Inphi (IPHI) and Acacia Communications (ACIA) results. For Fabrinet, Henderson expects a solid guidance for Q2, with strong Telecom business offsetting any potential weakness in Data Comm segment.
05/06/19
BOFA
05/06/19
UPGRADE
Target $60
BOFA
Buy
Inphi upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst Vivek Arya double upgraded Inphi to Buy from Neutral and raised its price target to $60 from $32 citing increased earnings growth. The analyst as increased confidence in Inphi's leadership ability in highspeed optical components segment and sees larger than expected benefits from 5G and data center product cycles. Despite year-to-date share strength, Arya sees new product sales driving shares higher and a renewed earnings cycle.
05/01/19
CHLM
05/01/19
NO CHANGE
Target $58
CHLM
Buy
Inphi price target raised to $58 from $48 at Craig-Hallum
Craig-Hallum analyst Richard Shannon raised his price target for Inphi to $58 from $48 as the company's "strong" Q1 results and Q2 guidance demonstrate it has "among the best fundamental stories" in the hardware technology market at this time. The analyst reiterates a Buy rating on the shares.
ZTCOY ZTE Corp.
$0.00

(0.00%)

04/09/19
JEFF
04/09/19
UPGRADE
JEFF
Buy
ZTE Corp. upgraded to Buy from Hold at Jefferies
Jefferies analyst Edison Lee upgraded ZTE Corp. H shares to Buy from Hold and raised his price target for the stock to HK$30.16 from HK$27.65. The analyst sees ZTE gaining market share in China in both the 4G and 5G segments.
02/25/19
MKMP
02/25/19
NO CHANGE
Target $60
MKMP
Neutral
Acacia Communications price target raised to $60 from $42 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Acaia Communications (ACIA) to $60 after its strong Q4 results and better than expected Q1 guidance. The analyst says the performance was "driven by the completion of ZTE's (ZTCOY) post-ban catch-up spending" and also notes that the "timing risks" in 2019 China demand picture are offset by the "new tenders and projects" in the market. Genovese is keeping his Neutral rating on Acaia Communications however because of its "full" valuation and a lofty consensus calling for 30% revenue growth in 2019 following a 12% decline in 2018.
03/11/19
JEFF
03/11/19
DOWNGRADE
JEFF
Hold
ZTE Corp. downgraded to Hold from Buy at Jefferies
Jefferies analyst Edison Lee downgraded ZTE Corp. to Hold while raising his price target for the shares to HK$27.65 from HK$20.72. The analyst cites valuation for the downgrade following the recent rally in the stock.
05/07/19
GSCO
05/07/19
UPGRADE
GSCO
Buy
ZTE Corp. upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Allen Chang assumed coverage on ZTE Corp. with a Buy from Neutral citing Chinexe 5G capex growth.

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NANO

Nanometrics

$33.56

1.07 (3.29%)

20:33
06/18/19
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20:33
Initiation
Nanometrics initiated at B. Riley FBR »

Nanometrics initiated…

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  • 09

    Jul

  • 10

    Jul

SPY

SPDR S&P 500 ETF Trust

$292.33

2.87 (0.99%)

, SPX

S&P 500

$0.00

(0.00%)

20:26
06/18/19
06/18
20:26
06/18/19
20:26
General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

Trump asked lawyers about…

SPY

SPDR S&P 500 ETF Trust

$292.33

2.87 (0.99%)

SPX

S&P 500

$0.00

(0.00%)

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20:25
06/18/19
06/18
20:25
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20:25
Conference/Events
CLSA Asian tech analysts to hold an analyst/industry conference call »

Asian Technology Analysts…

AMZN

Amazon.com

$1,902.00

16.45 (0.87%)

, FDX

FedEx

$166.32

2.61 (1.59%)

20:02
06/18/19
06/18
20:02
06/18/19
20:02
Periodicals
Amazon.com expanding next-day delivery with more rented jets, WSJ says »

Amazon.com (AMZN) is…

AMZN

Amazon.com

$1,902.00

16.45 (0.87%)

FDX

FedEx

$166.32

2.61 (1.59%)

UPS

UPS

$102.16

0.76 (0.75%)

BA

Boeing

$374.21

19.31 (5.44%)

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  • 18

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    Jul

  • 30

    Jul

  • 31

    Jul

  • 13

    Nov

DLAKY

Lufthansa

$0.00

(0.00%)

19:53
06/18/19
06/18
19:53
06/18/19
19:53
Downgrade
Lufthansa rating change at Nord/LB »

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KEQU

Kewaunee Scientific

$22.34

0.44 (2.01%)

19:45
06/18/19
06/18
19:45
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19:45
Earnings
Kewaunee Scientific reports Q4 EPS (15c) excluding cost items, one estimate 53c »

Reports Q4 revenue…

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GM

General Motors

$36.71

0.58 (1.61%)

19:08
06/18/19
06/18
19:08
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19:08
Periodicals
GM, UAW negotiating to hire more temps, cut $900M in health cost, Bloomberg says »

General Motors is seeking…

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  • 01

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  • 12

    Aug

FLXS

Flexsteel Industries

$16.77

-0.13 (-0.77%)

19:04
06/18/19
06/18
19:04
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19:04
Hot Stocks
Flexsteel Industries updates on restructuring, to incur $48M-$53M charge »

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ADBE

Adobe

$276.80

1.21 (0.44%)

, JBL

Jabil

$27.33

0.53 (1.98%)

19:02
06/18/19
06/18
19:02
06/18/19
19:02
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Adobe…

ADBE

Adobe

$276.80

1.21 (0.44%)

JBL

Jabil

$27.33

0.53 (1.98%)

X

U.S. Steel

$14.58

0.62 (4.44%)

ARQL

ArQule

$9.37

-0.19 (-1.99%)

UPWK

Upwork

$15.15

-0.29 (-1.88%)

MTSI

Macom

$14.40

-0.02 (-0.14%)

LZB

La-Z-Boy

$29.76

-0.47 (-1.55%)

KURA

Kura Oncology

$18.73

-0.76 (-3.90%)

GPRE

Green Plains

$12.48

0.3 (2.46%)

NCR

NCR Corp.

$31.34

0.31 (1.00%)

ZYME

Zymeworks

$20.15

-0.51 (-2.47%)

GNCA

Genocea

$5.16

-0.24 (-4.44%)

YY

YY

$77.13

2.14 (2.85%)

EAF

GrafTech

$10.95

0.14 (1.30%)

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  • 18

    Jun

  • 18

    Jun

  • 19

    Jun

  • 19

    Jun

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    Jun

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    Jun

PCG

PG&E

$19.15

0.27 (1.43%)

18:59
06/18/19
06/18
18:59
06/18/19
18:59
Periodicals
PG&E to pay $1B to some CA communities to settle wildfire claims, WSJ says »

PG&E has agreed to…

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  • 21

    Jun

STOK

Stoke Therapeutics

$0.00

(0.00%)

18:46
06/18/19
06/18
18:46
06/18/19
18:46
Syndicate
Stoke Therapeutics 7.89M share IPO priced at $18.00 »

The deal size was…

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  • 18

    Jun

  • 19

    Jun

LTXB

LegacyTexas Financial

$39.02

0.11 (0.28%)

18:36
06/18/19
06/18
18:36
06/18/19
18:36
Downgrade
LegacyTexas Financial rating change at SunTrust »

LegacyTexas Financial…

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  • 26

    Aug

UNP

Union Pacific

$165.49

0.885 (0.54%)

18:24
06/18/19
06/18
18:24
06/18/19
18:24
Hot Stocks
Union Pacific CEO: The President is addressing the right topics with China »

In an interview on…

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  • 18

    Jul

MYOS

MYOS

$1.40

0.11 (8.53%)

18:12
06/18/19
06/18
18:12
06/18/19
18:12
Hot Stocks
MYOS says fortetropin shows increase rate of muscle protein synthesis in study »

MYOS RENS Technology…

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GM

General Motors

$36.71

0.58 (1.61%)

18:06
06/18/19
06/18
18:06
06/18/19
18:06
Periodicals
Breaking Periodicals news story on General Motors »

GM, UAW negotiating to…

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  • 01

    Aug

  • 12

    Aug

BXC

BlueLinx

$22.03

0.305 (1.40%)

18:00
06/18/19
06/18
18:00
06/18/19
18:00
Hot Stocks
BlueLinx sells two distribution facilities for $12M »

BlueLinx Holdings…

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EADSY

Airbus

$0.00

(0.00%)

, BA

Boeing

$374.21

19.31 (5.44%)

17:59
06/18/19
06/18
17:59
06/18/19
17:59
Periodicals
U.S. expected to be open to ending aircraft subsidy dispute, Reuters says »

The U.S. is expected to…

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$374.21

19.31 (5.44%)

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  • 09

    Jul

FB

Facebook

$188.46

-0.43 (-0.23%)

17:56
06/18/19
06/18
17:56
06/18/19
17:56
Periodicals
House Banking chair Waters calls on Facebook to halt Libra, Reuters says »

House Financial Services…

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  • 10

    Jul

OII

Oceaneering

$18.34

0.7 (3.97%)

, APC

Anadarko

$69.95

0.16 (0.23%)

17:36
06/18/19
06/18
17:36
06/18/19
17:36
Hot Stocks
Oceaneering awarded supply contract for Mozambique LNG Project »

Oceaneering (OII)…

OII

Oceaneering

$18.34

0.7 (3.97%)

APC

Anadarko

$69.95

0.16 (0.23%)

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  • 18

    Jun

GVA

Granite Construction

$44.64

1.335 (3.08%)

17:35
06/18/19
06/18
17:35
06/18/19
17:35
Hot Stocks
Granite Construction JV awarded $275M highway construction project in Sacremento »

Granite Construction…

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APC

Anadarko

$69.95

0.16 (0.23%)

, FTI

TechnipFMC

$23.76

0.7 (3.04%)

17:33
06/18/19
06/18
17:33
06/18/19
17:33
Hot Stocks
TechnipFMC awarded subsea contracts by subsidiary of Anadarko Petroleum »

TechnipFMC (FTI) has been…

APC

Anadarko

$69.95

0.16 (0.23%)

FTI

TechnipFMC

$23.76

0.7 (3.04%)

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  • 18

    Jun

  • 25

    Jul

MDT

Medtronic

$97.96

0.65 (0.67%)

17:33
06/18/19
06/18
17:33
06/18/19
17:33
Hot Stocks
Medtronic exec Surface sells 9,000 ordinary shares »

In a regulatory filing,…

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  • 19

    Jun

EAF

GrafTech

$10.95

0.14 (1.30%)

17:20
06/18/19
06/18
17:20
06/18/19
17:20
Syndicate
Breaking Syndicate news story on GrafTech »

GrafTech files automatic…

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APC

Anadarko

$69.95

0.16 (0.23%)

17:12
06/18/19
06/18
17:12
06/18/19
17:12
Hot Stocks
Anadarko Area 1 Plan of Development now effective »

Anadarko Petroleum…

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