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NVDA

Nvidia

$177.21

-7.05 (-3.83%)

, MLNX

Mellanox

$109.00

-1.69 (-1.53%)

06:07
10/09/19
10/09
06:07
10/09/19
06:07

Nvidia's two biggest growth drivers are back, says Piper Jaffray

Piper Jaffray analyst Harsh Kumar believes Nvidia's (NVDA) two biggest growth drivers, namely gaming and data center, are back. Following a round of channel checks, the analyst says Nvidia is one of the best positioned semiconductor companies from a "company-specific catalyst perspective." Gaming, which represents around half of the company's revenue, appears to have settled following the GPU inventory correction, and the segment is setup for a seasonally strong second half of 2019, Kumar tells investors in a research note. In addition, the analyst is convinced Nvidia's data center business appears to have stabilized, and he sees growth in the segment moving forward. Further, Kumar thinks the Mellanox (MLNX) acquisition is on track to close by the end of calendar 2019. Lastly, based on Piper's teen survey results, the analyst believes video game interest remains high among U.S. teens. He keeps an Overweight rating on Nvidia with a $200 price target. The stock closed Tuesday down $7.10 to $177.23.

NVDA

Nvidia

$177.21

-7.05 (-3.83%)

MLNX

Mellanox

$109.00

-1.69 (-1.53%)

  • 20

    Nov

NVDA Nvidia
$177.21

-7.05 (-3.83%)

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.
10/02/19
RHCO
10/02/19
NO CHANGE
Target $105
RHCO
Hold
Xilinx price target lowered to $105 from $127 at SunTrust
SunTrust analyst William Stein lowered his price target on Xilinx (XLNX) to $105 and kept his Hold rating, saying that he prefers market leader Nvidia (NVDA) in the compute arena for server acceleration. The analyst still sees Xilinx as an "excellent company" that is well positioned to deliver high returns and profitable growth over time, but he prefers a more opportune entry point during this "downturn part" of the cycle.
10/07/19
RBCM
10/07/19
NO CHANGE
Target $217
RBCM
Outperform
Nvidia price target raised to $217 from $190 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Nvidia to $217 and kept his Outperform rating, saying he expects the stock to be the best performing large-cap name in his coverage universe within the next 6-9 months. The analyst cites indications of a pick-up in the gaming demand, which he sees as tracking ahead of the company's plans. Steves also believes that Nvidia's Data Center should recover in Q4 thanks to the product refresh announcement expected in the quarter, further supporting his forecast of expanding gross margins.
10/07/19
EVER
10/07/19
NO CHANGE
Target $225
EVER
Outperform
Nvidia price target raised to $225 from $185 at Evercore ISI
Evercore ISI analyst C.J. Muse said in a note before the open that he thinks it is understandable that investors have taken a cautious view on the future growth of Nvidia's Gaming franchise, though he sees a potential recovery coming in the second half and momentum continuing into 2020 and beyond in that part of the company's business. Muse sees at least a 15% compound annual growth rate for Gaming into 2022, led by Notebook Gaming growth, even without giving credit for any contributions from Cloud gaming via wins at CSPs and GeForce Alliance, which could be a source of added upside. The analyst, who now predicts Nvidia EPS approaching $9.25 in the 2021 timeframe, reiterated his Outperform rating on the shares and raised his price target to $225 from $185. Nvidia, which also saw its price target raised to $217 from $190 at RBC Capital this morning, is up 3% to $187.44 in early trading.
MLNX Mellanox
$109.00

-1.69 (-1.53%)

03/14/19
STFL
03/14/19
DOWNGRADE
STFL
Hold
Mellanox downgraded to Hold from Buy at Stifel
Stifel analyst Kevin Cassidy downgraded Mellanox to Hold from Buy and lowered his price target on shares to $125 from $128 to reflect the company's acquisition agreement with Nvidia (NVDA). The analyst does not expect any competing bids to exceed Nvidia's offer.
03/19/19
WELS
03/19/19
NO CHANGE
Target $190
WELS
Outperform
Nvidia price target raised to $190 from $170 at Wells Fargo
Wells Fargo analyst Aaron Rakers raised his price target for Nvidia (NVDA) to $190 from $170 after attending the company's Founder and CEO Jensen Huang keynote presentation at GTC, and as he views Nvidia's acquisition of Mellanox (MLNX) as positive. The analyst reiterates an Outperform rating on the shares.
03/29/19
JEFF
03/29/19
DOWNGRADE
Target $125
JEFF
Hold
Mellanox downgraded to Hold from Buy at Jefferies
Jefferies analyst George Notter downgraded Mellanox (MLNX) to Hold from Buy and lowered his price target on shares to $125 from $130 to reflect the company's acquisition agreement with Nvidia (NVDA).
07/25/19
RSBL
07/25/19
NO CHANGE
RSBL
Neutral
Rationale for Nvidia acquisition interest in Mellanox remains strong, says Rosenblatt
Rosenblatt analyst Hans Mosesmann says Mellanox (MLNX) continues to execute on its Ethernet strategy offsetting an InfiniBand business that is lumpy by nature. Although he expects Ethernet growth to decelerate next year as competitors enter the market in volume, the analyst believes the strategic rationale for Nvidia's (NVDA) acquisition interest in the company should remain strong. Mosesmann reiterates a Neutral rating on Mellanox's shares.

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QTNT

Quotient

$8.13

-0.33 (-3.90%)

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TNP

TEN, Ltd.

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-0.02 (-0.52%)

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PCAR

Paccar

$72.88

0.83 (1.15%)

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FBK

FB Financial

$37.96

0.22 (0.58%)

16:46
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Earnings
FB Financial reports Q3 adjusted EPS 77c, consensus 72c »

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General news
Treasury Market Summary »

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CSL

Carlisle

$145.24

1.99 (1.39%)

16:41
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Carlisle to acquire Providien, terms not stated »

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GOOG

Alphabet

$1,246.24

-0.32 (-0.03%)

, MSFT

Microsoft

$138.43

1.09 (0.79%)

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Periodicals
Google hires former Microsoft exec Javier Soltero to lead G suite, CNBC says »

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GOOG

Alphabet

$1,246.24

-0.32 (-0.03%)

MSFT

Microsoft

$138.43

1.09 (0.79%)

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TEUM

Pareteum

$0.74

-0.0948 (-11.42%)

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Pareteum to restate previously issued financial statements »

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  • 12

    Nov

CDNS

Cadence Design

$66.67

1.07 (1.63%)

16:38
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Breaking Hot Stocks news story on Cadence Design »

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    Oct

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    Nov

MIST

Milestone Pharmaceuticals

$21.60

2.1 (10.77%)

16:38
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Conference/Events
Milestone Pharmaceuticals management to meet with Jefferies »

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    Oct

CE

Celanese

$121.37

-0.3 (-0.25%)

16:37
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Hot Stocks
Breaking Hot Stocks news story on Celanese »

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  • 22

    Oct

CE

Celanese

$121.37

-0.3 (-0.25%)

16:36
10/21/19
10/21
16:36
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16:36
Earnings
Celanese sees FY20 EPS $11-$12 , consensus $11.25 »

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  • 22

    Oct

HMST

HomeStreet

$28.66

0.27 (0.95%)

16:36
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Hot Stocks
HomeStreet board approves additional share buyback of up to $25M »

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  • 22

    Oct

GME

GameStop

$5.93

-0.02 (-0.34%)

16:35
10/21/19
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16:35
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16:35
Conference/Events
GameStop management to meet with Jefferies »

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  • 23

    Oct

HSTM

HealthStream

$26.33

0.13 (0.50%)

16:35
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Earnings
HealthStream sees FY19 revenue $252M-$256M, consensus $255.46M »

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  • 22

    Oct

CE

Celanese

$121.37

-0.3 (-0.25%)

16:35
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Earnings
Celanese cuts FY19 EPS view to $9.60-$9.80 from 'see path to $10.50' 

Consensus $10.14.

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  • 22

    Oct

HMST

HomeStreet

$28.66

0.27 (0.95%)

16:35
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Earnings
HomeStreet reports Q3 EPS 54c, consensus 33c »

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  • 22

    Oct

CE

Celanese

$121.37

-0.3 (-0.25%)

16:34
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Hot Stocks
Celanese says market conditions unlikely to improve in 2019 »

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  • 22

    Oct

OSB

Norbord

$26.75

0.36 (1.36%)

16:33
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Hot Stocks
Norbord to indefinitely curtail production on Line 1 at Cordele OSB mill »

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HSTM

HealthStream

$26.33

0.13 (0.50%)

16:33
10/21/19
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Earnings
HealthStream reports Q3 EPS 11c, consensus 6c »

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  • 22

    Oct

UGI

UGI Corporation

$48.25

0.07 (0.15%)

16:32
10/21/19
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Conference/Events
UGI Corporation management to meet with Jefferies »

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  • 28

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    Nov

BXS

BancorpSouth

$29.66

0.17 (0.58%)

16:32
10/21/19
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Earnings
BancorpSouth reports Q3 net operating EPS 69c, consensus 61c »

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  • 22

    Oct

TD

Toronto-Dominion

$56.80

0.34 (0.60%)

, AMTD

TD Ameritrade

$37.64

0.85 (2.31%)

16:32
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Hot Stocks
TD Bank comments on expected impact of TD Ameritrade Q4 earnings »

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TD

Toronto-Dominion

$56.80

0.34 (0.60%)

AMTD

TD Ameritrade

$37.64

0.85 (2.31%)

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SECO

Seeco Holding

$6.15

0.2 (3.36%)

16:31
10/21/19
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16:31
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Conference/Events
Seeco Holding management to meet with Jefferies »

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  • 22

    Oct

CE

Celanese

$121.37

-0.3 (-0.25%)

16:31
10/21/19
10/21
16:31
10/21/19
16:31
Earnings
Celanese reports Q3 adjusted EPS $2.53, consensus $2.51 »

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