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INTC

Intel

$49.91

(0.00%)

, AMD

AMD

$34.42

1.22 (3.67%)

12:56
07/15/19
07/15
12:56
07/15/19
12:56

RBC sees AMD continuing to take share in desktops, notebooks and servers

RBC Capital analyst Mitch Steves said that given PC data points that have been coming in positively, the question for Intel (INTC) is whether unit upside can offset share loss to AMD (AMD). The analyst, who thinks "more investors are near-term positive but long-term negative" on Intel, believes AMD will continue to gain share in both desktops and notebooks in the consumer market and thinks AMD can ramp up to 10% market share in servers by the end of this year. Steves keeps an Underperform rating on Intel shares.

INTC

Intel

$49.91

(0.00%)

AMD

AMD

$34.42

1.22 (3.67%)

  • 25

    Jul

INTC Intel
$49.91

(0.00%)

06/27/19
06/27/19
INITIATION
Target $30

Neutral
Wedbush cautious on Micron, initiates with a Neutral
As previously reported, Wedbush analyst Mathew Bryson initiated Micron (MU) with a Neutral and $30 price target. The analyst notes that Micron has suffered and continues to suffer from the downturn in memory fundamentals. Bryson remains less positive about 2019 second half fundamentals and to some extent Micron's execution as focus shifts from clear improvements in NAND chip production on the 32 layer and 64 layer nodes toward questions around Micron's ability to execute on charge trap without Intel (INTC), while at the same time needing to build scale in this market to compete effectively with its much larger peers. Net, he is not yet convinced the memory markets have bottomed.
06/27/19
06/27/19
INITIATION
Target $37.5

Underperform
Intel initiated with an Underperform on challenges ahead at Wedbush
As previously reported, Wedbush analyst Mathew Bryson initiated Intel with an Underperform and $37.50 price target. The analyst believes Intel's recent struggles with execution combined with cyclical downturns in key markets together create an uncertain future with downside risk to estimates.
07/08/19
KEYB
07/08/19
NO CHANGE
KEYB
Ambarella, Silicon Labs could be next as semiconductor M&A heats up, says KeyBanc
KeyBanc analyst John Vinh believes semiconductor M&A activity is starting to heat up again, and sees diversification into secular growth areas in IoT, automotive, and cloud, and increased scale and customer breadth, as key underlying deal drivers within the space. The analyst expects further consolidation to continue, but notes U.S./China political tensions and uncertainty regarding regulatory approvals could limit larger scale M&A. Companies that could be acquired next include Ambarella (AMBA) or Silicon Labs (SLAB), he contends, while expecting Broadcom (AVGO), Applied Materials (AMAT), Intel (INTC), NXP Semiconductors (NXPI), Skyworks (SWKS), Texas Instruments (TXN), and Xilinx (XLNX) to be the most acquisitive.
07/11/19
MZHO
07/11/19
NO CHANGE
Target $52
MZHO
Buy
Intel price target lowered to $52 from $56 at Mizuho
Mizuho analyst Vijay Rakesh lowered his price target for Intel to $52 from $56 while maintaining a Buy rating on the shares due to valuation. The analyst sees "significant" upside to June quarter estimates but expected "muted" September quarter guidance. Post-checks into the Taiwan PC supply chain, Rakesh believes PC units are trending "significantly stronger," up 20%-35% quarter-over-quarter with a pull-in from the September quarter on fear of a 25% tariff. Further, he thinks Intel has continued to ship to Huawei and expects minimal near-term impact from the ban.
AMD AMD
$34.42

1.22 (3.67%)

06/21/19
WELS
06/21/19
NO CHANGE
WELS
Wells Fargo weighs in on AMD joint-venture blacklist
Wells Fargo analyst Aaron Rakers noted that AMD is trading lower following the announcement that the U.S. Commerce Department has added Chinese affiliate Higon, who is a partner in the THATIC joint-venture with AMD, to a blacklist, preventing them from purchasing components from U.S. suppliers. Rakers kept an Outperform rating and $28 price target on AMD, stating that while there has not been a response from AMD, the company previously noted that it would not expect any material license revenue through the remainder of 2019, and AMD CEO Lisa Su previously confirmed that the company isn't licensing further chip designs to its China-backed joint venture. Rakers also noted that IP-related license revenue from THATIC totaled $88M, $52M, and $86M in 2016, 2017, and 2018, respectively.
06/26/19
WEDB
06/26/19
INITIATION
Target $35
WEDB
Outperform
AMD initiated with an Outperform at Wedbush
Wedbush analyst Matthew Bryson initiated AMD with an Outperform rating and $35 price target.
06/27/19
06/27/19
INITIATION
Target $35

Outperform
Wedbush bullish on AMD, initiates with an Outperform
As previously reported, Wedbush analyst Matthew Bryson initiated AMD (AMD) with an Outperform rating and $35 price target. The analyst views AMD's reemergence in CPUs as one of the likely major shifts in both the PC and data center markets over the next few years. Specifically, Bryson believes AMD's early adoption of a distributed "chiplet" architecture combined with a shift to leading edge geometries positions the company to take meaningful share from Intel (INTC) in both the PC and server markets over the next few years. Moreover, he expects AMD will also realize some more modest benefits on the GPU side, with its GPU business also poised to benefit from a resumption of more normalized channel sales, sales into Google (GOOG) Stadia, console transitions, and a recently signed agreement with Samsung (SSNLF) to share and license IP.
07/09/19
NOMU
07/09/19
NO CHANGE
Target $37
NOMU
Buy
AMD price target raised to $37 from $33 at Nomura Instinet
Nomura Instinet analyst David Wong raised his price target for AMD to $37 from $33 after the company yesterday announced global availability of five new 7nm 3rd Generation Ryzen desktop CPUs, two new Ryzen 3000 desktop processors with integrated graphics, and three new GPUs in its 7nm Navi family. The analyst also expects AMD to launch its 7nm Rome server processor family later this quarter. He keeps a Buy rating on AMD.

TODAY'S FREE FLY STORIES

CACI

CACI

$216.89

0.91 (0.42%)

17:30
09/17/19
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17:30
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  • 17

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ANF

Abercrombie & Fitch

$16.25

0.08 (0.49%)

17:29
09/17/19
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17:29
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17:29
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Abercrombie & Fitch initiated  »

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FB

Facebook

$188.13

1.89 (1.01%)

, GOOG

Alphabet

$1,229.61

-1.75 (-0.14%)

17:28
09/17/19
09/17
17:28
09/17/19
17:28
Periodicals
U.S. antitrust regulators admit to 'squabbles' amid Big Tech probe, Reuters says »

U.S. regulators concede…

FB

Facebook

$188.13

1.89 (1.01%)

GOOG

Alphabet

$1,229.61

-1.75 (-0.14%)

AMZN

Amazon.com

$1,822.59

14.38 (0.80%)

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    Oct

T

AT&T

$37.16

-0.16 (-0.43%)

17:25
09/17/19
09/17
17:25
09/17/19
17:25
Hot Stocks
AT&T sees wireless service revenue growth continuing in second half of 2019 »

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  • 23

    Oct

CDW

CDW

$113.91

0.94 (0.83%)

, TSS

TSYS

$132.86

-1.7 (-1.26%)

17:17
09/17/19
09/17
17:17
09/17/19
17:17
Hot Stocks
CDW to replace TSYS in S&P 500 at open on 9/23 »

Global Payments (GPN) is…

CDW

CDW

$113.91

0.94 (0.83%)

TSS

TSYS

$132.86

-1.7 (-1.26%)

GPN

Global Payments

$163.91

-2.21 (-1.33%)

03/08/13
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  • 17

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STBA

S&T Bancorp

$37.22

-0.17 (-0.45%)

17:16
09/17/19
09/17
17:16
09/17/19
17:16
Hot Stocks
S&T Bancorp board authorizes new $50M stock buyback »

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FDX

FedEx

$173.53

-0.14 (-0.08%)

17:12
09/17/19
09/17
17:12
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17:12
Downgrade
FedEx rating change  »

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    Nov

NEXT

NextDecade

$6.30

-0.1 (-1.56%)

17:10
09/17/19
09/17
17:10
09/17/19
17:10
Initiation
NextDecade initiated  »

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TELL

Tellurian

$8.33

-0.1 (-1.19%)

17:10
09/17/19
09/17
17:10
09/17/19
17:10
Initiation
Tellurian initiated  »

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

, MRK

Merck

$82.53

0.52 (0.63%)

17:06
09/17/19
09/17
17:06
09/17/19
17:06
Hot Stocks
NewLink Genetics says FDA accepts partnered BLA for ebola vaccine »

NewLink Genetics…

NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

MRK

Merck

$82.53

0.52 (0.63%)

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 17

    Sep

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    Sep

  • 24

    Sep

  • 27

    Sep

  • 02

    Oct

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    Oct

  • 29

    Oct

ESTC

Elastic

$93.80

2.15 (2.35%)

17:03
09/17/19
09/17
17:03
09/17/19
17:03
Hot Stocks
Elastic selected by New Zealands'The Warehouse for its customer service program »

Elastic N.V. announced…

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  • 16

    Dec

TOL

Toll Brothers

$40.68

-0.11 (-0.27%)

17:00
09/17/19
09/17
17:00
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17:00
Hot Stocks
Toll Brothers CEO sells 25,000 common shares »

In a regulatory filing,…

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WTR

Aqua America

$43.88

0.51 (1.18%)

16:56
09/17/19
09/17
16:56
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16:56
Hot Stocks
Aqua America subsidiary to buy municipal wastewater system for $276.5M »

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INVH

Invitation Homes

$28.49

0.31 (1.10%)

16:54
09/17/19
09/17
16:54
09/17/19
16:54
Syndicate
Invitation Homes files to sell 44M shares of common stock for holders »

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MODN

Model N

$28.43

0.275 (0.98%)

, IQV

Iqvia

$152.93

2.14 (1.42%)

16:49
09/17/19
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16:49
09/17/19
16:49
Hot Stocks
Model N names Suresh Kannan as Chief Product Officer »

Model N (MODN) announced…

MODN

Model N

$28.43

0.275 (0.98%)

IQV

Iqvia

$152.93

2.14 (1.42%)

03/08/13
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  • 27

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  • 12

    Nov

GWW

Grainger

$291.76

-4.29 (-1.45%)

16:49
09/17/19
09/17
16:49
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16:49
Conference/Events
Grainger management to meet with Buckingham »

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  • 24

    Sep

  • 23

    Oct

ACGL

Arch Capital

$40.89

0.33 (0.81%)

16:48
09/17/19
09/17
16:48
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16:48
Conference/Events
Arch Capital management to meet with Buckingham »

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  • 19

    Sep

TOL

Toll Brothers

$40.68

-0.11 (-0.27%)

16:47
09/17/19
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16:47
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16:47
Hot Stocks
Toll Brothers president Hartman sells over 40,000 common shares »

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KKR

KKR

$28.56

0.31 (1.10%)

16:45
09/17/19
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16:45
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Hot Stocks
VA Partners reports 8.8% stake in KKR »

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  • 20

    Sep

ADBE

Adobe

$284.59

1.54 (0.54%)

16:44
09/17/19
09/17
16:44
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16:44
Hot Stocks
Adobe down 3.5% at $274.65/share after reducing Digital Experience bookings view »

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  • 17

    Sep

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  • 27

    Oct

16:41
09/17/19
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16:41
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General News
API crude inventories for week of September 13 »

API reports that crude…

CAL

Caleres

$22.08

-0.71 (-3.12%)

16:35
09/17/19
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16:35
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16:35
Hot Stocks
Caleres appoints Angela Bass as Chief Human Resources Officer »

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  • 19

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CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

, PK

Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

16:34
09/17/19
09/17
16:34
09/17/19
16:34
Hot Stocks
Chesapeake Lodging completes sale of two new York hotels for $138M »

Chesapeake Lodging Trust…

CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

PK

Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

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CAE

CAE

$25.54

0.4 (1.59%)

16:34
09/17/19
09/17
16:34
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16:34
Conference/Events
CAE management to meet with CIBC »

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  • 20

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    Nov

UNVR

Univar

$22.68

0.29 (1.30%)

16:34
09/17/19
09/17
16:34
09/17/19
16:34
Hot Stocks
Univar selected as distributor for Unovyn's chlorinated paraffins in U.S. »

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  • 23

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