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VSH

Vishay

$16.08

0.04 (0.25%)

, AVX

AVX

$16.05

0.14 (0.88%)

07:57
07/11/19
07/11
07:57
07/11/19
07:57

Vishay price target lowered to $15 after pre-announcement at Stifel

After Vishay (VSH) pre-announced June quarter sales and gross margins that came below its previous guidance, citing weaker demand, primarily from distribution, Stifel analyst Matthew Sheerin said he thinks the news "should come as no surprise to investors" considering the recent negative tone from several component suppliers and distributors. However, the magnitude of Vishay's miss reflects a deeper correction and increased pricing pressure, said Sheerin, who thinks the correction could last well into the first half 2020. Given the warning, he lowered his estimates and cut his price target on Vishay shares to $15 from $18 and keeps a Hold rating on the stock. Sheerin added that he sees risks to estimates for a number of component suppliers, particularly those with high exposure to distribution, such as AVX (AVX), Kemet (KEM) and Littelfuse (LFUS), and to distributors Arrow Electronics (ARW) and Avnet (AVT).

VSH

Vishay

$16.08

0.04 (0.25%)

AVX

AVX

$16.05

0.14 (0.88%)

KEM

Kemet

$18.75

0.045 (0.24%)

LFUS

Littelfuse

$173.55

0.93 (0.54%)

ARW

Arrow Electronics

$68.88

0.07 (0.10%)

AVT

Avnet

$43.57

-0.35 (-0.80%)

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VSH Vishay
$16.08

0.04 (0.25%)

05/21/19
05/21/19
INITIATION

Cowen initiates discrete electronic components space
Cowen expanded its coverage into the discrete electronic components space, with analyst Karl Ackerman initiating Littelfuse (LFUS), Semtech Corporation (SMTC), and CTS Corporation (CTS) with Outperform ratings and $210, $56, and $34 price targets, respectively, and Vishay Intertechnology (VSH) with a Market Perform rating and a $17 price target. Ackerman said he likes Littelfuse the most on the long side, calling it an "under-the-radar play on power control" and "a proven integrator of a fragmented supply chain." The analyst felt that Vishay had the "most near-term risk," saying it was the "most exposed to distribution headwinds, suppressing the 10%-20% EPS growth target."
05/21/19
COWN
05/21/19
INITIATION
Target $17
COWN
Market Perform
Vishay initiated with a Market Perform at Cowen
Cowen analyst Karl Ackerman initiated Vishay with a Market Perform and $17 price target.
02/06/19
BOFA
02/06/19
DOWNGRADE
BOFA
Neutral
Vishay downgraded to Neutral from Buy at BofA/Merrill
02/06/19
02/06/19
DOWNGRADE
Target $23

Neutral
Vishay downgraded to Neutral on valuation at BofA/Merrill
As previously reported, BofA/Merrill downgraded Vishay to Neutral from Buy with a $23 price target. Analyst Ruplu Bhattacharya views risk/reward as balanced and sees increased risk of an inventory correction due to buildups at Asian distributors.
AVX AVX
$16.05

0.14 (0.88%)

KEM Kemet
$18.75

0.045 (0.24%)

07/26/18
RILY
07/26/18
NO CHANGE
Target $33
RILY
Buy
Kemet price target raised to $33 from $24.75 at B. Riley FBR
B. Riley FBR analyst Josh Nichols raised his price target for Kemet to $33 citing the "beat and raise" Q1 results. The analyst believes capacity expansion and price increases will support the company's growth. He keeps a Buy rating on the shares.
05/16/19
RILY
05/16/19
NO CHANGE
Target $26
RILY
Buy
Kemet price target raised to $26 from $24 at B. Riley FBR
B. Riley FBR analyst Craig Ellis raised his price target for Kemet to $26 from $24 saying the company's "strong" execution in Q4 and new five-year sales outlook should ease investor concerns. The analyst reiterates a Buy rating on the shares.
10/08/18
MACQ
10/08/18
INITIATION
Target $25
MACQ
Outperform
Kemet initiated with an Outperform at Macquarie
Macquarie analyst Maynard Um initiated Kemet with an Outperform rating and $25 price target, stating that the MLCC industry is experiencing a supply shortage and that the consensus view is not properly reflecting incremental capacity or price increases. He also sees several end market "megatrends" mitigating the historical cyclicality that has impacted Kemet, Um tells investors.
LFUS Littelfuse
$173.55

0.93 (0.54%)

05/21/19
COWN
05/21/19
INITIATION
Target $210
COWN
Outperform
Littelfuse initiated with an Outperform at Cowen
Cowen analyst Karl Ackerman initiated Littlefuse with an Outperform and $210 price target.
04/17/19
LBOW
04/17/19
DOWNGRADE
LBOW
Neutral
Longbow downgrades Texas Instruments, three other semis to Neutral
Longbow analyst Shawn Harrison downgraded Diodes (DIOD), ON Semiconductor (ON), Littelfuse (LFUS) and Texas Instruments (TXN) to Neutral from Buy to reflect a more conservative view of Q2 and second half sales growth relative to consensus expectations. Recent channel checks provided a more cautious view into any recovery given uncertainty in bookings in China and Europe, greater excess inventory than previously realized, and a return of semi pricing pressure, Harrison tells investors in a research note. Valuations also play a role in his downgrades of Littelfuse, Texas Instruments. For Diodes and ON Semiconductor, Harrison believes the slower demand recovery and a return of price declines will "mute clear secular tailwinds and weigh on sentiment, limiting upside."
05/02/19
OPCO
05/02/19
NO CHANGE
Target $210
OPCO
Outperform
Littelfuse price target lowered to $210 from $215 at Oppenheimer
Oppenheimer analyst Christopher Glynn lowered his price target for Littelfuse to $210 from $215 after the company delivered about in-line Q1 results, with light Q2 guide. The analyst reiterates an Outperform rating on the shares.
ARW Arrow Electronics
$68.88

0.07 (0.10%)

06/11/19
DBAB
06/11/19
INITIATION
Target $83
DBAB
Buy
Arrow Electronics reinstated with a Buy at Deutsche Bank
Deutsche Bank analyst Adrienne Colby reinstated coverage of Arrow Electronics with a Buy rating and $83 price target. The analyst adopted a "selective view" of the technology /electronics supply chain saying a "generally supportive" macro environment is challenged by "rising levels of uncertainty." While trends in the semiconductor market point to near term pressure for component distributors, additional share downside could be limited, Colby tells investors in a research note.
06/20/19
CRSS
06/20/19
DOWNGRADE
CRSS
Hold
Arrow Electronics downgraded to Hold from Buy at Cross Research
Cross Research analyst Steven Fox downgraded Arrow Electronics to Hold from Buy.
07/02/19
RAJA
07/02/19
DOWNGRADE
RAJA
Outperform
Arrow Electronics downgraded to Outperform from Strong Buy at Raymond James
07/02/19
RAJA
07/02/19
DOWNGRADE
Target $80
RAJA
Outperform
Arrow Electronics downgraded, Avnet estimates cut after checks at Raymond James
As previously reported, Raymond James analyst Adam Tindle downgraded Arrow Electronics (ARW) to Outperform from Strong Buy and he also lowered his estimates for fellow component distributor Avnet (AVT) following his semiconductor checks. His estimates for Arrow came down by about 10%, prompting the downgrade in rating and a lowering of his price target on the stock to $80 from $88. He lowered his estimates for Avnet by about 6% and maintains his $52 price target on its shares along with keeping a Strong Buy rating on the stock.
AVT Avnet
$43.57

-0.35 (-0.80%)

01/28/19
SBSH
01/28/19
UPGRADE
Target $120
SBSH
Buy
Citi upgrades Synnex to Buy, names top pick in Tech Distributors
Citi analyst Tim Yang upgraded Synnex (SNX) to Buy from Neutral and raised his firm's price target for the shares to $120 from $88 after taking over coverage of Technology Distributors from Jim Suva. Synnex continues to increase its value-add services exposure, which should support sustainable margin expansion in the next two years, Yang tells investors in a research note. He finds the stock's valuation attractive and calls the company his top pick in the space. Yang is more negative on Neutral-rated Avnet (AVT) due to headwinds in the Semi space.
10/26/18
SBSH
10/26/18
UPGRADE
SBSH
Neutral
Avnet upgraded to Neutral from Sell at Citi
Citi analyst Jim Suva upgraded Avnet to Neutral citing valuation with the shares hitting his Sell target. He feels risks are mitigated at current stock levels.
06/11/19
DBAB
06/11/19
INITIATION
Target $44
DBAB
Hold
Avnet reinstated with a Hold at Deutsche Bank
Deutsche Bank analyst Adrienne Colby reinstated coverage of Avnet with a Neutral rating and $44 price target. The analyst adopted a "selective view" of the technology /electronics supply chain saying a "generally supportive" macro environment is challenged by "rising levels of uncertainty." While trends in the semiconductor market point to near term pressure for component distributors, additional share downside could be limited, Colby tells investors in a research note.

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SPY

SPDR S&P 500 ETF Trust

$298.86

1.07 (0.36%)

, SPX

S&P 500

$0.00

(0.00%)

20:32
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General News
Trump to nominate Gene Scalia as Secretary of Labor »

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SPY

SPDR S&P 500 ETF Trust

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S&P 500

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AXP

American Express

$128.40

1.355 (1.07%)

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BlackRock

$474.98

4.06 (0.86%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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American Express

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1.355 (1.07%)

BLK

BlackRock

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SLB

Schlumberger

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SYF

Synchrony

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STT

State Street

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1.67 (3.06%)

CFG

Citizens Financial

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RF

Regions Financial

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KSU

Kansas City Southern

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1.22 (1.04%)

ALV

Autoliv

$69.88

0.04 (0.06%)

GNTX

Gentex

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0.01 (0.04%)

MAN

ManpowerGroup

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0.82 (0.92%)

CLF

Cleveland-Cliffs

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POST

Post Holdings

$108.09

0.64 (0.60%)

20:12
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20:12
Upgrade
Post Holdings rating change at Piper Jaffray »

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VMW

VMware

$174.34

0.13 (0.07%)

19:01
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Hot Stocks
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CRWD

Crowdstrike

$72.75

1.77 (2.49%)

, SKX

Skechers

$34.75

0.35 (1.02%)

18:50
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Hot Stocks
Fly Intel: After Hours Movers »

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CRWD

Crowdstrike

$72.75

1.77 (2.49%)

SKX

Skechers

$34.75

0.35 (1.02%)

EXPO

Exponent

$61.63

0.83 (1.37%)

MSFT

Microsoft

$136.29

0.06 (0.04%)

CHWY

Chewy

$32.79

1.14 (3.60%)

RRGB

Red Robin

$30.58

0.32 (1.06%)

GCI

Gannett

$7.90

-0.185 (-2.29%)

IFRX

InflaRx

$3.12

0.05 (1.63%)

BA

Boeing

$361.17

-8.28 (-2.24%)

MVIS

MicroVision

$0.86

0.0458 (5.62%)

OZK

Bank OZK

$28.61

0.5 (1.78%)

ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

AA

Alcoa

$23.42

0.27 (1.17%)

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MGM

MGM Resorts

$28.75

-0.095 (-0.33%)

, MGP

MGM Growth

$30.00

-0.06 (-0.20%)

18:50
07/18/19
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18:50
Periodicals
MGM said to consider sale-leaseback of Bellagio, MGM Grand, Bloomberg says »

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MGM

MGM Resorts

$28.75

-0.095 (-0.33%)

MGP

MGM Growth

$30.00

-0.06 (-0.20%)

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AAL

American Airlines

$33.75

0.5 (1.50%)

, UAL

United Continental

$95.27

0.44 (0.46%)

18:49
07/18/19
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18:49
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18:49
Periodicals
POTUS meets with U.S. airlines over Qatar subsidy accusations, Reuters says »

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AAL

American Airlines

$33.75

0.5 (1.50%)

UAL

United Continental

$95.27

0.44 (0.46%)

JBLU

JetBlue

$19.23

0.14 (0.73%)

FDX

FedEx

$165.39

0.375 (0.23%)

AAWW

Atlas Air

$42.58

0.79 (1.89%)

BA

Boeing

$361.17

-8.28 (-2.24%)

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NUE

Nucor

$54.68

-0.03 (-0.05%)

18:44
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Hot Stocks
Nucor CEO: We are very pleased with the results from the tariffs »

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NABZY

National Australia Bank

$0.00

(0.00%)

18:30
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Hot Stocks
National Australia Bank names Ross McEwan as new CEO »

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BAC

Bank of America

$29.48

0.3 (1.03%)

18:22
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Hot Stocks
Bank of America CEO: Millennials are a huge customer base for us »

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TAP

Molson Coors

$54.37

0.08 (0.15%)

18:06
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Hot Stocks
Molson Coors raises quarterly dividend to 57c from 41c per share »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:04
07/18/19
07/18
18:04
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18:04
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

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BAS

Basic Energy

$1.81

-0.1 (-5.24%)

18:02
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18:02
Hot Stocks
Basic Energy announces record setting lateral completion in Permian Basin »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:02
07/18/19
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Hot Stocks
Microsoft CFO continues to expect double digit revenue growth in FY20 »

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QTRH

Quarterhill

$1.23

(0.00%)

18:02
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WiLAN unit acquires patent portfolio from Vidiator »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:00
07/18/19
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18:00
Earnings
Microsoft sees total Q1 revenue at implied $31.7B-$32.4B, consensus $32.0B »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

18:00
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07/18
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Hot Stocks
Red Robin up 17% after confirming $40.00 per share offer from Vintage Capital »

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T

AT&T

$33.09

-0.17 (-0.51%)

17:54
07/18/19
07/18
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17:54
Periodicals
AT&T mulls sale of Puerto Rican business to pay down debt, Bloomberg says »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

17:53
07/18/19
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Hot Stocks
Red Robin confirms $40.00 per share cash buyout proposal from Vintage Capital »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:50
07/18/19
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Hot Stocks
Microsoft CFO: Q4 another quarter of double-digit top and bottom line growth »

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HBIO

Harvard Bioscience

$1.78

0.03 (1.71%)

17:46
07/18/19
07/18
17:46
07/18/19
17:46
Hot Stocks
Harvard Bioscience names Michael Rossi CFO »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:43
07/18/19
07/18
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17:43
Hot Stocks
Microsoft CEO seeing growing momentum across every layer of its stack »

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:38
07/18/19
07/18
17:38
07/18/19
17:38
Hot Stocks
Intuitive Surgical falls after Q2 report, despite earnings beat »

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GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

17:33
07/18/19
07/18
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07/18/19
17:33
Hot Stocks
SPDR Gold Shares holdings rise to 814.62MT from 803.18MT »

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WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
07/18/19
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Earnings
Western Alliance reports Q2 EPS 1.19, consensus $1.16 »

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Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.