Breaking News Instant updates and real-time market news.

MU

Micron

$43.21

-5.37 (-11.05%)

, XLNX

Xilinx

$95.98

-1.25 (-1.29%)

09:08
09/30/19
09/30
09:08
09/30/19
09:08

Micron works with Xilinx for configuration performance of Versal platform

Micron Technology (MU) announced that it is working with Xilinx (XLNX) to boost the boot and dynamic configuration performance of Xilinx's Versal platform, the industry's first adaptive compute acceleration platform. ACAP, a new category of heterogeneous compute devices, will use Micron Xccela flash and other Micron memory solutions to reduce system startup times and increase system responsiveness in automotive, industrial, networking and consumer applications that use artificial intelligence.

MU

Micron

$43.21

-5.37 (-11.05%)

XLNX

Xilinx

$95.98

-1.25 (-1.29%)

  • 23

    Oct

MU Micron
$43.21

-5.37 (-11.05%)

09/27/19
NOMU
09/27/19
NO CHANGE
Target $40
NOMU
Neutral
Micron price target raised to $40 from $32 at Nomura Instinet
Nomura Instinet analyst David Wong raised his price target for Micron Technology to $40 from $32 after the company's August quarter sales were above guidance and November sales guidance was above expectations. However, margin pressures remain, with gross margin expected to fall again in the November quarter, Wong tells investors in a research note. He keeps a Neutral rating on Micron shares.
09/27/19
RSBL
09/27/19
NO CHANGE
Target $80
RSBL
Buy
Rosenblatt ups Micron target to $80 from $60, says buy on today's selloff
Rosenblatt analyst Hans Mosesmann raised his price target for Micron Technology to $80 from $60 and reiterates a Buy rating on the shares following last night's results. The "decent" results indicate the memory semiconductor cycle is entering a recovery phase on depleted inventories at customers, cuts to supply are starting to pan out, and memory content is expanding into newer platforms, Mosesmann tells investors in a research note. The analyst, who admits the gross margin guidance is below expectations, finds it clear that the "cycle has turned." Profit taking the stock aside, Micron is now a stronger company in virtually all aspects of the business, says Mosesmann. He believes investors should be opportunistic on today's weakness in the shares. Micron in premarket trading is down 5%, or $2.60, to $46.00.
09/27/19
MSCO
09/27/19
NO CHANGE
MSCO
Morgan Stanley sees things getting 'more difficult' after Micron earnings miss
Morgan Stanley analyst Joseph Moore maintained an Equal Weight rating and $48 price target on Micron after the company reported its Q4 earnings results. Moore said in a note titled 'Micron Earnings expectations miss; we still see memory weakening next year' that he was "wrong to suggest the stock could trade up short term." He noted that things are likely to get more difficult from here, with limited upside, and added that he remained cautious on the memory cycle.
09/30/19
NOMU
09/30/19
NO CHANGE
NOMU
Nomura Instinet still cautious on semiconductors after Micron report
Micron Technology (MU) last week provided November quarter guidance for a 37% year-over-year decline in sales and a further drop in gross margin, to 25.5%, Nomura Instinet analyst David Wong tells investors in a research note titled "Little Evidence of Recovery Yet." Further, August global chip shipment data showed a continuing year-over-year decline in the mid- to high-teens range, adds the analyst. Wong remains cautious on the semiconductor and semiconductor equipment industry overall.
XLNX Xilinx
$95.98

-1.25 (-1.29%)

09/20/19
MSCO
09/20/19
NO CHANGE
MSCO
Overweight
Morgan Stanley remains bullish longer-term on Xilinx despite near-term headwinds
Morgan Stanley analyst Joseph Moore said investor anxiety around near-term results at Xilinx will likely increase with CFO Lorenzo Flores leaving the company and no reiteration of forecasts being included in the associated press release. Moore sees September quarter results being in-line with consensus, but he is well below consensus with his December and March quarter estimates, he noted. However, he remains bullish on the stock longer-term and keeps an Overweight rating on the shares as he thinks drawing down wireless sets them up to grow across all segments, Moore tells investors.
09/20/19
09/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Suzano (SUZ) downgraded to Neutral from Buy at Goldman Sachs with analyst Thiago Oje turning more cautious on the Latin America Pulp & Paper sector citing weaker demand stemming from U.S.-China trade tensions, "unprecedented" inventory levels that are 60% above historical averages, and "deteriorating" long-term outlooks after new capacity announcements. 2. Synovus (SNV) downgraded to In Line from Outperform at Evercore ISI. 3. Xilinx (XLNX) downgraded to Neutral from Buy at BofA/Merrill with analyst Vivek Arya citing the "sudden" departure of its CFO Lorenzo Flores last night for another firm. 4. Cosan (CZZ) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Javier Martinez de Olcoz Cerdan saying while he still sees a recovery in sugar prices ahead, Indian sugar may continue to pressure prices in the coming months. 5. Liberty Global (LBTYA) double downgraded to Sell from Buy at Citi with analyst Nayab Amjad saying the stock has outperformed since January on hopes of completion of the Swiss unit disposal, the closing of the Vodafone deal, and the recent tender offer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/24/19
ARGS
09/24/19
NO CHANGE
Target $145
ARGS
Buy
Concerns about Xilinx CFO transition overdone, says Argus
Argus analyst Jim Kelleher kept his Buy rating and $145 price target on Xilinx, saying the 8% decline in its stock price on September 20th after the announcement of resignation of its CFO Lorenzo Flores was overdone. The analyst says the departure was not a termination for cause as Flores is leaving for a "more prestigious" job and expects the company to fill the role without a disruption. Kelleher remains positive on the "superior growth prospects" of Xilinx relative to its peers.

TODAY'S FREE FLY STORIES

TOL

Toll Brothers

$39.55

-0.565 (-1.41%)

, DHI

D.R. Horton

$54.73

-1.17 (-2.09%)

11:51
12/12/19
12/12
11:51
12/12/19
11:51
Recommendations
Toll Brothers, D.R. Horton analyst commentary  »

Toll Brothers added to…

TOL

Toll Brothers

$39.55

-0.565 (-1.41%)

DHI

D.R. Horton

$54.73

-1.17 (-2.09%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ALV

Autoliv

$85.31

2.14 (2.57%)

11:48
12/12/19
12/12
11:48
12/12/19
11:48
Conference/Events
Autoliv management to meet with Mizuho »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Dec

AAPL

Apple

$269.52

-1.19 (-0.44%)

11:46
12/12/19
12/12
11:46
12/12/19
11:46
Periodicals
Apple supplier reaches agreement for $736M bailout, Bloomberg reports »

Apple supplier Japan…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IRBT

iRobot

$49.39

3.15 (6.81%)

11:45
12/12/19
12/12
11:45
12/12/19
11:45
Options
iRobot call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

11:45
12/12/19
12/12
11:45
12/12/19
11:45
Conference/Events
The Empire Club of Canada holds a luncheon meeting »

The Bank of Canada…

COUP

Coupa Software

$137.90

-6.21 (-4.31%)

11:43
12/12/19
12/12
11:43
12/12/19
11:43
Conference/Events
Coupa Software management to meet with Needham »

Meeting to be held in San…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

  • 17

    Dec

  • 06

    Jan

FIVN

Five9

$65.32

-0.08 (-0.12%)

11:42
12/12/19
12/12
11:42
12/12/19
11:42
Conference/Events
Five9 management to meet with Needham »

Meeting to be held in San…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

  • 17

    Dec

FORM

FormFactor

$25.31

1.54 (6.48%)

11:41
12/12/19
12/12
11:41
12/12/19
11:41
Conference/Events
FormFactor management to meet with Needham »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Dec

11:39
12/12/19
12/12
11:39
12/12/19
11:39
Conference/Events
JPMorgan biotechnology analysts to hold an analsyt/industry conference call »

Biotech Analysts Kasimov,…

11:34
12/12/19
12/12
11:34
12/12/19
11:34
Conference/Events
JPMorgan payment/IT services analyst to hold an analyst/industry conference call »

Payments, Processors…

ICE

IntercontinentalExchange

$91.48

-0.87 (-0.94%)

11:33
12/12/19
12/12
11:33
12/12/19
11:33
Hot Stocks
ICE announces first block trade of Bakkt Bitcoin Monthly Options »

Intercontinental Exchange…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Feb

BILL

Bill.com

$0.00

(0.00%)

11:30
12/12/19
12/12
11:30
12/12/19
11:30
Syndicate
Breaking Syndicate news story on Bill.com »

Bill.com opens at $37.25,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

11:28
12/12/19
12/12
11:28
12/12/19
11:28
Conference/Events
JPMorgan beverage/household analyst to hold an analyst/industry conference call »

Beverage, Household &…

BILL

Bill.com

$0.00

(0.00%)

11:27
12/12/19
12/12
11:27
12/12/19
11:27
Syndicate
Breaking Syndicate news story on Bill.com »

Bill.com indicated to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

PCG

PG&E

$11.27

-0.86 (-7.09%)

11:25
12/12/19
12/12
11:25
12/12/19
11:25
Options
PG&E call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Jan

LUV

Southwest

$55.10

1.12 (2.07%)

11:25
12/12/19
12/12
11:25
12/12/19
11:25
Conference/Events
The Wings Club to hold a luncheon meeting »

The Wings Club of New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

  • 23

    Jan

GNFT

Genfit

$16.82

1.44 (9.36%)

11:25
12/12/19
12/12
11:25
12/12/19
11:25
Conference/Events
Roth Capital healthcare analyst to hold an analyst/industry conference call »

Healthcare Analyst Rahimi…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

  • 18

    Dec

ENPH

Enphase Energy

$24.33

0.12 (0.50%)

11:25
12/12/19
12/12
11:25
12/12/19
11:25
Conference/Events
Enphase Energy to host analyst day »

Analyst day to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

11:20
12/12/19
12/12
11:20
12/12/19
11:20
General news
Treasury announced a $78 B in 3- and 6-month bill auctions for Monday »

Treasury announced a $78…

SSNLF

Samsung

$0.00

(0.00%)

11:19
12/12/19
12/12
11:19
12/12/19
11:19
Periodicals
Exec says Samsung has sold 1M Galaxy Fold smartphones, TechCrunch reports »

Young Sohn, the president…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
12/12/19
12/12
11:17
12/12/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
12/12/19
12/12
11:16
12/12/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

11:15
12/12/19
12/12
11:15
12/12/19
11:15
General news
Today's U.S. reports »

Today's U.S. reports…

11:15
12/12/19
12/12
11:15
12/12/19
11:15
General news
Breaking General news story  »

8-Week Bill Auction to be…

11:15
12/12/19
12/12
11:15
12/12/19
11:15
General news
Breaking General news story  »

4-Week Bill Auction to be…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
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.