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INTC

Intel

$58.06

-0.47 (-0.80%)

, AAPL

Apple

$267.23

-0.64 (-0.24%)

06:20
12/02/19
12/02
06:20
12/02/19
06:20

Intel sold modem business at 'multi-billion dollar loss,' Reuters reports

Intel (INTC) sold its modem business to Apple (AAPL) at a "multi-billion dollar loss" because Qualcomm (QCOM) "strangled competition," Reuters' Stephen Nellis reports, citing a court filing on Friday. Intel said it was forced out of the market because of Qualcomm's patent licensing practices. Intel was Qualcomm's chief rival in modem chips, and sold the components to Apple for the iPhone. Reference Link

INTC

Intel

$58.06

-0.47 (-0.80%)

AAPL

Apple

$267.23

-0.64 (-0.24%)

QCOM

Qualcomm

$83.59

-1.2 (-1.42%)

  • 02

    Dec

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    Dec

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  • 23

    Jan

INTC Intel
$58.06

-0.47 (-0.80%)

11/21/19
NORL
11/21/19
DOWNGRADE
Target $36
NORL
Market Perform
Northland downgrades AMD, says shares ahead of fundamentals after rally
Northland analyst Gus Richard downgraded AMD (AMD) to Market Perform from Outperform with an unchanged price target of $36. The chipmaker closed Wednesday up 86c to $45.86. AMD shares are now ahead of the company's fundamentals, Richard tells investors in a research note titled "Bull and Bears Make Money, Pigs Get Slaughtered." The analyst says that while the shares "are likely to melt up between now and the end of the year," he would not be chasing them. He expects profit taking in the new year and thinks 2020 will represent a "peak growth year" for AMD. Further, as AMD market share increases, incremental share gains "get much more difficult" due to Intel's (INTC) incumbency, contends Richard.
11/06/19
NOMU
11/06/19
NO CHANGE
NOMU
Buy
AMD share gain momentum continues, says Nomura Instinet
AMD (AMD) gained market share in data center, desktop, and notebook processors in the September quarter, Nomura Instinet analyst David Wong tells investors in a research note. Further, a rebound in data center processor demand and "firmness" in PC pricing are supporting a return to overall growth for both Intel (INTC) and AMD, the analyst adds. He also notes that AMD's December quarter sales guidance midpoint implies an expectation of 48% year-over-year growth. Wong reiterates Buy ratings on both AMD and Intel.
11/19/19
MZHO
11/19/19
NO CHANGE
Target $38
MZHO
Neutral
More Intel price cuts present challenge for AMD, says Mizuho
Mizuho analyst Vijay Rakesh's channel checks indicate that Intel (INTC) is cutting Cascade Lake pricing again, now to parity with Skylake, which he feels presents a challenge to AMD. He believes that with Skylake processor supply tight, Intel has dropped Cascade Lake pricing to parity with Skylake in some instances, which equates to an incremental 25%-30% discount. Intel is offering software support and aggressive pricing, which could position it to aggressively compete with AMD, Rakesh tells investors in a research note. Further, heading into year-end, the analyst expects U.S. hyperscale to slowdown seasonally with some potential weakness at China hyperscale. In addition, Rakesh raised his price target for Neutral-rated AMD (AMD) to $38 from $36 and for Buy-rated Intel (INTC) to $64 from $60 to reflect the recent expansion of semiconductor multiples.
11/21/19
NEED
11/21/19
NO CHANGE
Target $45
NEED
Buy
Vicor Corporation price target raised to $45 from $42 at Needham
Needham analyst N. Quinn Bolton raised his price target on Vicor Corporation (VICR) to $45 and kept his Buy rating, saying the discussion at this week's SC19 Conference has made him "incrementally more positive" on the company's position as a leading supplier of 48V power solutions in the hyperscale data center and HPC markets. The analyst notes that the company appears to have secured design wins on NVIDIA's (NVDA) supercomputer instances as well as Intel's (INTC) Ponte Vecchio 7nm Xe GPU platform. Bolton also states that Vicor's 5-times enterprise value to expected 2021 sales multiple is largely in line with its analog/mixed-signal peer group.
AAPL Apple
$267.23

-0.64 (-0.24%)

11/19/19
WEDB
11/19/19
NO CHANGE
Target $325
WEDB
Outperform
China the 'linchpin' of success on Apple iPhone supply chain, says Wedbush
Wedbush analyst Daniel Ives tells investors in a research note that President Trump is expected to visit Apple's tech manufacturing facility in Austin, Texas along with CEO Tim Cook in what he calls a key strategic visit for the company. While Ives says he sees more AI and hardware manufacturing coming out of the U.S., India, and potentially Vietnam down the road, for the foreseeable future China remains the "linchpin" of success on the iPhone supply chain with Cook needing to "play nice in the sandbox" both in the U.S. as well as in China to make sure no new roadblocks appear that could derail this potential "5G super cycle" heading into 2020. He keeps an Outperform rating and $325 price target on Apple shares.
11/19/19
FBCO
11/19/19
NO CHANGE
Target $221
FBCO
Neutral
Apple's iPhone unit trends remain 'solid,' says Credit Suisse
Credit Suisse analyst Matthew Cabral tells investors in a research note that nearly two months into the iPhone 11 cycle, data points continue to suggest a meaningful improvement in units y/y. Government data suggests iPhone units are up 6% y/y in China over September and October combined, with Cabal adding that his firm's tracking data suggesting the iPhone has yet to hit full supply/demand balance eight weeks post-launch. While Cabral says he is "on board" with the idea that the shift toward Services deserves a higher multiple over time, he "struggles" with continued P/E expansion seemingly led by firming iPhone data points rather than Services-driven upside. The analyst keeps a Neutral rating and $221 price target on Apple shares.
11/18/19
SOCG
11/18/19
NO CHANGE
Target $200
SOCG
Sell
Societe Generale sees big downside in Netflix shares with 'uniqueness' eroding
A "wider competitive set" has started to dilute Netflix's (NFLX) perceived "uniqueness" and will probably restrain its pricing power in the short term, Societe Generale analyst Christophe Cherblanc tells investors in a research note. The low price points set by Disney+ (DIS) at $6.99 per month and Apple TV+ (AAPL) at $4.99 per month will likely make Netflix more cautious exercising its pricing power, Cherblanc contends. Further, he believes the company's 2019 price increases have had a slightly higher than expected impact on U.S. churn. The analyst keeps a Sell rating on Netflix with a $200 price target. The streaming service closed Friday up $5.41 to $295.03. Despite the recent pullback, the shares still have "significant downside" risk, Cherblanc contends. Nonetheless, the analyst thinks Netflix will retain a dominant position in a "rapidly expanding" over-the-top market and deliver steady margin expansion.
11/15/19
JPMS
11/15/19
NO CHANGE
Target $290
JPMS
Overweight
JPMorgan ups Apple target to $290 on 'underappreciated' advertising opportunity
JPMorgan analyst Samik Chatterjee raised his price target for Apple to $290 from $280 and reiterates an Overweight rating on the shares. Following the stock's strong run, investor attention is increasingly focusing on identifying new avenues of Services revenue growth beyond the current ventures, such as Apple Music, Apple Pay, Apple Arcade, and its latest, Apple TV+, "which are still very much in early innings," Chatterjee tells investors in a research note. However, he believes "hidden in plain sight and underappreciated by most" is Apple's advertising opportunity. The analyst highlights the "secular migration" of advertising dollars to mobile platforms and Apple's large installed base of close to 1B iPhone users. Chatterjee estimates that if Apple were willing to accelerate monetization of advertising through an expansion of its current efforts with Apple Search Ads as well as adopting new strategies around Apple TV, it could expand advertising revenues 33% per annum to $11B in fiscal 2020 from an estimated ~$2B currently. Piper Jaffray this morning also raised its price target on Apple to $290.
QCOM Qualcomm
$83.59

-1.2 (-1.42%)

11/20/19
COWN
11/20/19
NO CHANGE
Target $100
COWN
Outperform
Qualcomm margins estimates should prove conservative, says Cowen
Cowen analyst Matthew Ramsay attended the Qualcomm Analyst Day and left impressed with the growth opportunities spanning 5G and adjacent markets including Auto, Industrial/IoT, and Compute. The analyst believes the company's conservative margin targets may disappoint, he believes the 5G modem/RF chip selling prices will likely lead to long-term earnings growth. Ramsay reiterated his Outperform rating and $100 price target on Qualcomm shares.
11/20/19
DBAB
11/20/19
NO CHANGE
Target $96
DBAB
Hold
Qualcomm price target raised to $96 from $82 at Deutsche Bank
Deutsche Bank analyst Ross Seymore raised his price target for Qualcomm to $96 from $82 saying the company yesterday, as its first analyst meeting in over three years, laid out a "compelling" 5G growth story for its QCT business with potential handset content rising 1.5 times versus 4G. However, this optimism was at least partially offset by QTL commentary on both revenue and margins, Seymore tells investors in a research note. The analyst continues to see the shares as fairly valued and keeps a Hold rating on Qualcomm.
11/20/19
JPMS
11/20/19
NO CHANGE
Target $108
JPMS
Overweight
Qualcomm guidance leaves room for upside, says JPMorgan
JPMorgan analyst Samik Chatterjee says Qualcomm's analyst day highlighted its favorable positioning for a multi-year 5G cycle. Despite the analyst day reinforcing the belief in its 5G led content growth opportunity, shares of Qualcomm traded down 3% yesterday as investors were mildly disappointed by the absence of aggressive three-year financial targets, Chatterjee tells investors in a research note. The analyst, however, believes Qualcomm is taking a prudent approach with a conservative guide and leaving room for "execution led upside." He maintains an Overweight rating on the shares with a $108 price target.
11/20/19
JPMS
11/20/19
NO CHANGE
Target $108
JPMS
Overweight
Qualcomm guidance leaves room for upside, says JPMorgan
JPMorgan analyst Samik Chatterjee says Qualcomm's analyst day highlighted its favorable positioning for a multi-year 5G cycle. Despite the analyst day reinforcing the belief in its 5G led content growth opportunity, shares of Qualcomm traded down 3% yesterday as investors were mildly disappointed by the absence of aggressive three-year financial targets, Chatterjee tells investors in a research note. The analyst, however, believes Qualcomm is taking a prudent approach with a conservative guide and leaving room for "execution led upside." He maintains an Overweight rating on the shares with a $108 price target.

TODAY'S FREE FLY STORIES

FITB

Fifth Third

$30.24

0.365 (1.22%)

, CSCO

Cisco

$43.83

0.29 (0.67%)

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CSCO

Cisco

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STML

Stemline

$10.33

0.5 (5.09%)

, PFE

Pfizer

$38.29

0.26 (0.68%)

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PFE

Pfizer

$38.29

0.26 (0.68%)

GSK

GlaxoSmithKline

$45.51

0.29 (0.64%)

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GOL

Gol Linhas

$17.39

1.07 (6.56%)

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Gol Linhas announces preliminary traffic figures for November »

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NAVB

Navidea

$0.97

0.07 (7.78%)

18:25
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Syndicate
Navidea announces $1.9M private placement »

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EFC

Ellington Financial

$18.22

0.09 (0.50%)

18:23
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Ellington Financial reports estimated book value per share $18.51 on November 30 »

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BOOT

Boot Barn

$41.93

0.81 (1.97%)

18:22
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Boot Barn CEO: More than 80% of our business is in the store »

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ERIC

Ericsson

$9.24

0.1 (1.09%)

18:18
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Ericsson to pay over $1B to settle FCPA case »

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GLD

SPDR Gold Shares

$137.59

-1.42 (-1.02%)

17:55
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SPDR Gold Shares holdings fall to 886.23MT from 888.57MT »

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PICO

PICO Holdings

$10.81

0.31 (2.95%)

17:45
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PICO Holdings sells long-term storage credits for $8.7M in Arizona »

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QHC

Quorum Health

$0.95

0.0522 (5.81%)

17:31
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Quorum Health receives NYSE continued listing standard notice »

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SPRT

Support.com

$1.94

0.01 (0.52%)

17:30
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Breaking Hot Stocks news story on Support.com »

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BXRX

Baudax Bio

$6.69

0.34 (5.35%)

17:29
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Breaking Syndicate news story on Baudax Bio »

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LMT

Lockheed Martin

$387.10

1.175 (0.30%)

17:25
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Lockheed Martin awarded $153.39M Navy contract modification »

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ENV

Envestnet

$71.72

1.27 (1.80%)

17:23
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Breaking Syndicate news story on Envestnet »

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NOC

Northrop Grumman

$344.79

0.4 (0.12%)

17:20
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Northrop Grumman awarded $189M Navy contract modification »

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SPRT

Support.com

$1.94

0.01 (0.52%)

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SPRT

Support.com

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RZLT

Rezolute

$0.00

(0.00%)

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Breaking Syndicate news story on Rezolute »

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AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

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Periodicals
U.S. mulls putting Amazon foreign sites on 'Notorious Markets' list, WSJ says »

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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

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Conference/Events
Magenta Therapeutics to hold an investor and analyst event »

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IMH

IMPAC Mortgage

$5.63

-0.01 (-0.18%)

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Breaking Syndicate news story on IMPAC Mortgage »

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ALEC

Alector

$19.74

0.33 (1.70%)

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ATAX

America First Multifamily Investors

$7.58

0.125 (1.68%)

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Options
Preliminary option volume of 20.4M today »

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PNM

PNM Resources

$48.77

-0.06 (-0.12%)

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