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MRVL

Marvell

$24.16

0.715 (3.05%)

, NXPI

NXP Semiconductors

$118.43

1.28 (1.09%)

16:08
12/06/19
12/06
16:08
12/06/19
16:08

Marvell cuts Q4 revenue view to $710M +/- 3% from $750M +/- 3%

Q4 consensus $732.94M. Marvell (MRVL) is updating its current quarter revenue guidance to reflect the Wi-Fi Connectivity business sale to NXP (NXPI).

MRVL

Marvell

$24.16

0.715 (3.05%)

NXPI

NXP Semiconductors

$118.43

1.28 (1.09%)

  • 12

    Dec

  • 06

    Jan

MRVL Marvell
$24.16

0.715 (3.05%)

12/04/19
BMOC
12/04/19
DOWNGRADE
Target $28
BMOC
Market Perform
Marvell downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Ambrish Srivastava downgraded Marvell Technology Group to Market Perform from Outperform with an unchanged price target of $28. The analyst finds the shares "reasonably valued with a balanced risk/reward profile." The company's opportunity in communications is now well understood and discounted in the current share price, Srivastava tells investors in a research note.
12/04/19
MSCO
12/04/19
NO CHANGE
Target $121
MSCO
Overweight
Marvell deal an important 2020 catalyst for NXP Semi, says Morgan Stanley
Morgan Stanley analyst Craig Hettenbach said it is encouraging that the acquisition NXP Semiconductors' (NXPI) acquisition of Marvell's (MRVL) wireless connectivity business is going to close ahead of expectations that it would happen in the first quarter of 2020, noting that he thinks the business will ultimately prove more valuable under NXP's ownership. The connectivity deal is an important catalyst for NXP in 2020 and "one of a number of idiosyncratic drivers" that he sees that lead him to keep an Overweight rating on NXP shares, Hettenbach tells investors. The analyst, who points to his expectation for increasing momentum in BMS for electric vehicles and adoption of Ultra-wide band as other reasons he predicts above peer growth for NXP in 2020, has a $121 price target on the shares.
12/04/19
12/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Eaton (ETN) downgraded to Hold from Buy at Deutsche Bank with analyst Nicole DeBlase saying she sees "limited scope" for further multiple re-rating and downside risk to earnings forecasts for most Industrial names under her coverage. 2. Marvell (MRVL) downgraded to Market Perform from Outperform at BMO Capital with analyst Ambrish Srivastava finding the shares "reasonably valued with a balanced risk/reward profile." 3. ViewRay (VRAY) downgraded to Neutral from Buy at B. Riley FBR with analyst Andrew D'Silva saying recent events at the company have "pros and cons." 4. Workday (WDAY) downgraded to Neutral from Buy at Compass Point with analyst Marshall Senk saying management has been delivering commentary that growth forecasts for next year need to be reined in. 5. Owens Corning (OC) downgraded to Neutral from Buy at BofA/Merrill with analyst John Lovallo saying he believes that a breakup of Owens Corning's business is less likely in the near-term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/06/19
ARGS
12/06/19
NO CHANGE
Target $30
ARGS
Buy
Marvell price target raised to $30 from $27 at Argus
Argus analyst Jim Kelleher raised his price target on Marvell to $30 and kept his Buy rating, saying that while the company missed on Q3 revenue, it is forecasting a "very strong" sequential rate of growth in Q4 given its recent acquisitions and the "organic momentum" in 5G. Kelleher adds that the momentum in Marvell's key markets and the "attractive valuation" on the stock offset the company's near term challenges, further noting that the stock appears to be "undervalued" on a relative to peer basis and given its historical valuation.
NXPI NXP Semiconductors
$118.43

1.28 (1.09%)

10/30/19
BMOC
10/30/19
NO CHANGE
Target $115
BMOC
Market Perform
NXP Semiconductors price target raised to $115 from $100 at BMO Capital
BMO Capital analyst Ambrish Srivastava raised his price target on NXP Semiconductors to $115 after its Q3 earnings and the management's view that business has "stabilized". The analyst cites the company's commentary of the worst in annual sales declines - particularly in autos and industrials - being in the past, while noting that its 55% gross margin target sets more "realistic expectations". Srivastava still keeps his Market Perform rating on NXP Semiconductors and sees the stock as "reasonably valued".
11/05/19
MZHO
11/05/19
UPGRADE
Target $130
MZHO
Buy
NXP Semiconductors upgraded to Buy from Neutral at Mizuho
Mizuho analyst Vijay Rakesh upgraded NXP Semiconductors to Buy from Neutral with a price target of $130, up from $108. The company's auto segment is showing signs of recovery, with easier compares and content wins, Rakesh tells investors in a research note. Further, China and U.S industrial Purchasing Managers' Indexes are beginning to stabilize, which should lift NXP, adds the analyst. He cites improving auto and industrial trends for the upgrade.
11/05/19
11/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Outperform at Daiwa with analyst Satoshi Tanaka saying the company's Q3 results and 2020 outlook last week go a "long way to alleviate concerns." 2. Beyond Meat (BYND) upgraded to Outperform from Market Perform at Bernstein with analyst Alexia Howard saying she is making a "straightforward valuation call" with the shares down 66% from their peak. 3. NXP Semiconductors (NXPI) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying the company's auto segment is showing signs of recovery, with easier compares and content wins. 4. Amgen (AMGN) upgraded to Overweight from Neutral at Cantor Fitzgerald with analyst Alethia Young saying recent events have set the stage for a "clean base business and pipeline story" for Amgen in 2020. 5. Autoliv (ALV) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying an improving 2020-2021 auto outlook with easier compares, continued airbag market share gains versus Takata, and lower product launch costs position Autoliv well. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TSM

TSMC

$58.58

-0.18 (-0.31%)

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KKR

KKR

$31.20

0.7 (2.30%)

, APO

Apollo Global

$50.35

1.26 (2.57%)

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KKR

KKR

$31.20

0.7 (2.30%)

APO

Apollo Global

$50.35

1.26 (2.57%)

ARES

Ares Management

$37.29

0.47 (1.28%)

BX

Blackstone

$60.79

0.62 (1.03%)

CG

Carlyle Group

$33.30

0.36 (1.09%)

HLNE

Hamilton Lane

$67.25

-0.02 (-0.03%)

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    Feb

SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

, TWNK

Hostess Brands

$14.03

0.02 (0.14%)

08:56
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'Blank-check' companies hot on Wall Street, Barron's says »

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SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

TWNK

Hostess Brands

$14.03

0.02 (0.14%)

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

Netflix

$339.56

0.89 (0.26%)

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

NFLX

Netflix

$339.56

0.89 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

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JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

Walmart

$114.93

-0.96 (-0.83%)

08:36
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JWN

Nordstrom

$40.34

-0.15 (-0.37%)

WMT

Walmart

$114.93

-0.96 (-0.83%)

CSPR

Casper Sleep

$0.00

(0.00%)

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BA

Boeing

$324.11

-7.89 (-2.38%)

, DDAIF

Daimler AG

$0.00

(0.00%)

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BA

Boeing

$324.11

-7.89 (-2.38%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$13.76

-0.14 (-1.01%)

VWAGY

Volkswagen

$0.00

(0.00%)

FSLR

First Solar

$53.51

-0.42 (-0.78%)

AAPL

Apple

$318.66

3.33 (1.06%)

DQ

Daqo New Energy

$53.61

-0.025 (-0.05%)

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  • 28

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SPOT

Spotify

$148.20

-3.59 (-2.37%)

18:15
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01/17
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Spotify in talks to acquire The Ringer, WSJ reports »

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  • 05

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CE

Celanese

$117.54

-0.53 (-0.45%)

18:00
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  • 31

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BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

17:58
01/17/20
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Beyond Meat rival gets green light in Canada, The Star says »

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DBD

Diebold

$11.09

-0.49 (-4.23%)

17:42
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Breaking Periodicals news story on Diebold »

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

17:32
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General news
Weekly CFTC Commitment of Traders highlights »

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

0.04 (0.24%)

GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

$105.10

-0.43 (-0.41%)

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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
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Ubisoft to restructure editorial team after difficult 2019, VGC reports »

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  • 17

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IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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Syndicate
Breaking Syndicate news story on Immunovant »

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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
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Syndicate
ToughBuilt files to sell common stock, no amount given »

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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
01/17/20
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Conference/Events
Myomo to host special shareholder meeting »

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  • 21

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SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
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Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

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SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
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Breaking Syndicate news story on Sorrento Therapeutics »

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
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Akers Biosciences reaches settlement agreements on two derivative actions »

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ECA

Encana

$4.09

-0.18 (-4.22%)

16:40
01/17/20
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16:40
Hot Stocks
Encana receives court approval for reorganization »

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

16:38
01/17/20
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Breaking Syndicate news story on Moleculin Biotech »

Moleculin Biotech files…

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

16:37
01/17/20
01/17
16:37
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16:37
Periodicals
BT, Vodafone consider urging PM Johnson not to ban Huawei in U.K., Reuters says »

BT Group (BT) and…

VOD

Vodafone

$20.07

-0.225 (-1.11%)

BT

BT Group

$0.00

(0.00%)

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16:30
01/17/20
01/17
16:30
01/17/20
16:30
Options
Preliminary option volume of 28.7M today »

Preliminary option volume…

NSCO

Nesco Holdings

$5.12

0.025 (0.49%)

16:26
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16:26
Syndicate
Nesco Holdings requests withdrawal of registration statement »

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GPS

Gap

$18.54

-0.075 (-0.40%)

, CMCSA

Comcast

$47.48

0.62 (1.32%)

16:20
01/17/20
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On The Fly
Fly Intel: Wall Street's top stories for Friday »

The major averages were…

GPS

Gap

$18.54

-0.075 (-0.40%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

CMCSK

Comcast

$0.00

(0.00%)

PLAY

Dave & Buster's

$47.35

5.3 (12.60%)

KKR

KKR

$31.20

0.7 (2.30%)

BA

Boeing

$324.11

-7.89 (-2.38%)

JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

SWK

Stanley Black & Decker

$172.63

2.18 (1.28%)

TWOU

2U

$22.84

1.05 (4.82%)

BE

Bloom Energy

$9.70

0.43 (4.64%)

MGPI

MGP Ingredients

$38.16

-14.74 (-27.86%)

FAST

Fastenal

$36.77

-0.55 (-1.47%)

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    Feb

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APLS

Apellis

$40.43

0.03 (0.07%)

16:18
01/17/20
01/17
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16:18
Hot Stocks
Apellis CEO sells 30.6K shares of common stock »

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