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AMAT

Applied Materials

$61.96

0.38 (0.62%)

, LRCX

Lam Research

$297.79

-2.24 (-0.75%)

06:38
01/10/20
01/10
06:38
01/10/20
06:38

Lam Research, Applied Materials upgraded to Buy from Neutral at BofA

BofA analyst Vivek Arya upgraded Lam Research (LRCX) and Applied Materials (AMAT) to Buy from Neutral as part of a broader research note on U.S. semiconductors, though KLA-Tencor (KLAC) is his top Semicap pick. While he missed the first big leg of these stocks last year, Arya says he sees attractive fundamentals and upside from memory recovery, strong China demand and semi megatrends.

AMAT

Applied Materials

$61.96

0.38 (0.62%)

LRCX

Lam Research

$297.79

-2.24 (-0.75%)

KLAC

KLA-Tencor

$175.36

-1.22 (-0.69%)

  • 29

    Jan

AMAT Applied Materials
$61.96

0.38 (0.62%)

01/02/20
NOMU
01/02/20
NO CHANGE
Target $75
NOMU
Neutral
Applied Materials price target raised to $75 from $68 at Nomura Instinet
Nomura Instinet analyst David Wong raised his price target on Applied Materials to $75 and kept his Buy rating. The analyst believes that the stock should benefit from a cyclical rebound in global wafer-processing equipment sales in 2020 as well as from secular trends driving its "superior growth" rate over the medium term.
01/06/20
NOMU
01/06/20
NO CHANGE
NOMU
Buy
AMD, Applied Materials highlighted as 2020 Semi picks at Nomura Instinet
Nomura Instinet analyst David Wong highlighted Buy-rated AMD (AMD) and Applied Materials (AMAT) as 2020 picks in the Semiconductor space. He expects AMD to continue strengthening its competitive position in 2020 through a "steady stream" of new product introductions on 7nm and 7nm+ technologies, continuing market share gains, average selling price increases, revenue growth, and increasing operating leverage. Wong thinks Applied Materials will benefit from a cyclical rebound in global wafer-processing equipment sales in 2020 as well as from secular trends that he expects will drive "superior growth over the next few years."
01/10/20
BOFA
01/10/20
UPGRADE
BOFA
Buy
Applied Materials upgraded to Buy from Neutral at BofA
BofA upgraded Applied Materials to Buy from Neutral.
12/17/19
NOMU
12/17/19
NO CHANGE
NOMU
Buy
Nomura Instinet optimistic about semiconductor growth heading into 2020
2020 could be a year of recovery for semiconductors and semiconductor equipment, Nomura Instinet analyst David Wong tells investors in a research note. The analyst is projecting semiconductor industry sales growth of 8% and he thinks that wafer processing equipment sales could rise 11% in 2020. Wong continues to be selective in his stock picks, however. The analyst reiterates Buy ratings on AMD (AMD), Intel (INTC), Applied Materials (AMAT) and KLA-Tencor (KLAC). He maintains Neutral ratings on Texas Instruments (TXN), Analog Devices (ADI), Micron (MU), Nvidia (NVDA) and Lam Research (LRCX).
LRCX Lam Research
$297.79

-2.24 (-0.75%)

01/10/20
BOFA
01/10/20
UPGRADE
BOFA
Buy
Lam Research upgraded to Buy from Neutral at BofA
BofA upgraded Lam Research to Buy from Neutral.
11/25/19
KEYB
11/25/19
NO CHANGE
Target $313
KEYB
Overweight
Lam Research price target raised to $313 from $261 at KeyBanc
KeyBanc analyst Weston Twigg raised his price target for Lam Research to $313 from $261. In a research note to investors, Twigg says that he maintains high conviction regarding Lam's outperformance as tailwinds accelerate based on fundamental drivers, strong execution and recent conversations with the company's CFO. He keeps an Overweight rating on the shares.
12/11/19
12/11/19
NO CHANGE

Citi remains long Semiconductor Capital Equipment stocks into 2020
Citi analyst Atif Malik remain long Semiconductor Capital Equipment stocks into 2020. The analyst says a cycle recovery is half way through his expected peak in 2021 based on year-over-year monthly equipment billings projected through the year-end. Further, his wafer fabrication equipment model for 2020 and 2021 remains above consensus. Despite a strong run this year, the group's valuation on 2021 peak earnings power looks attractive, Malik tells investors in a research note. His top large cap and SMID buy-rated equipment picks are Lam Research (LRCX) and MKS Instruments (MKSI).
KLAC KLA-Tencor
$175.36

-1.22 (-0.69%)

11/21/19
11/21/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. KLA-Tencor (KLAC), Applied Materials (AMAT), and Lam Research (LRCX) were downgraded to Sell from Neutral at UBS. 2. AMD (AMD) downgraded to Market Perform from Outperform at Northland with analyst Gus Richard saying AMD shares are now ahead of the company's fundamentals. 3. Cubic (CUB) downgraded to Neutral from Overweight at JPMorgan with analyst Mark Strouse saying the company reported "mixed" fiscal Q4 results with disappointing EBITDA on stronger than expected revenue. 4. Carnival (CCL) downgraded to Hold from Buy at SunTrust with analyst Charles Scholes citing his analysis of booking trends data, noting that while volumes have improved over the past 8 weeks, the demand is driven by pricing cuts and is targeting mainly the sailings which had been impacted by the September hurricane. 5. MacroGenics (MGNX) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst David Lebowitz saying based on recent data, he believes that margetuximab might be approvable, but that the drug probably has a limited market opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/16/19
JPMS
12/16/19
NO CHANGE
JPMS
Overweight
JPMorgan sees more Semi upside in 2020, top pick is Broadcom
Although semiconductor stocks have outperformed in 2019, further upside exists in 2020 as the industry growth rates inflect positively and drive the positive earnings revision cycle, JPMorgan analyst Harlan Sur tells investors in a research note. The analyst's overall top pick in semis is Broadcom (AVGO) on the company's "underappreciated diversification," "strong" free cash flow and dividend growth. He also highlights Overweight-rated Nvidia (NVDA), Intel (INTC) and Micron Technology (MU) on their "strong datacenter exposure," Qorvo (QRVO) and Marvell (MRVL) as key 5G plays, as well as Texas Instruments (TXN) and Microchip (MCHP) on improving industrial/cyclical trends. In small caps, Sur's top pick is Inphi (IPHI) and in semiconductor equipment his pick is KLA-Tencor (KLAC).
12/03/19
NOMU
12/03/19
NO CHANGE
NOMU
Nomura Instinet remains selective after monthly semiconductor data
The Semiconductor Industry Association released global semiconductor shipment data for the month of October, Nomura Instinet analyst David Wong tells investors in a research note. The data show a continuation of a seasonal lift in sales, with improving year-over-year numbers being driven primarily by easier year-ago comparisons, according to the analyst. He thinks that while many of the broader chip end markets remain soft, there are some segments that have shown signs of improvement, such as data center processors and semiconductor equipment. As such, Wong remains selective in his stock picks. The analyst reiterates Buy ratings on Intel (INTC), AMD (AMD), Applied Materials (AMAT), KLA-Tencor (KLAC) and Xilinx (XLNX).

TODAY'S FREE FLY STORIES

FB

Facebook

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SPY

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TSLA

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  • 29

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JPM

JPMorgan

$138.15

0.89 (0.65%)

, BNPQY

BNP Paribas

$0.00

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JPM

JPMorgan

$138.15

0.89 (0.65%)

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BNP Paribas

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BAC

Bank of America

$34.70

-0.03 (-0.09%)

16:25
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  • 26

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CEL

Cellcom Israel

$3.18

(0.00%)

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VRCA

Verrica Pharmaceuticals

$15.94

0.21 (1.34%)

16:12
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  • 13

    Jul

SO

Southern Company

$67.25

1.08 (1.63%)

, XEL

Xcel Energy

$65.38

0.34 (0.52%)

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SO

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$67.25

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XEL

Xcel Energy

$65.38

0.34 (0.52%)

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  • 30

    Jan

LIZI

Lizhi

$11.72

(0.00%)

, DNK

Phoenix Tree

$13.50

(0.00%)

09:10
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On The Fly
Opening Day: China's Lizhi, Phoenix Tree flat in trading debut »

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LIZI

Lizhi

$11.72

(0.00%)

DNK

Phoenix Tree

$13.50

(0.00%)

VEL

Velocity Financial

$13.58

(0.00%)

IMAB

I-MAB

$12.90

(0.00%)

BSBK

Bogota Financial

$11.70

0.195 (1.70%)

CSPR

Casper Sleep

$0.00

(0.00%)

03/08/13
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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

15:53
01/18/20
01/18
15:53
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15:53
Conference/Events
Teligent to hold a special shareholder meeting »

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  • 24

    Jan

AYTU

Aytu BioScience

$0.80

0.0014 (0.18%)

15:48
01/18/20
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Conference/Events
Aytu BioScience to hold a special shareholder meeting »

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  • 24

    Jan

DVA

DaVita

$79.45

0.43 (0.54%)

15:32
01/18/20
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15:32
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Conference/Events
DaVita to host special shareholder meeting »

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  • 23

    Jan

TSM

TSMC

$58.58

-0.18 (-0.31%)

09:16
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Taiwan tech stocks can ignore China's bluster for now, Barron's says »

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KKR

KKR

$31.20

0.7 (2.30%)

, APO

Apollo Global

$50.35

1.26 (2.57%)

09:03
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KKR undervalued compared with peers, Barron's says »

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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%)

03/08/13
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  • 30

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    Feb

SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

, TWNK

Hostess Brands

$14.03

0.02 (0.14%)

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SPCE

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$15.65

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TWNK

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$14.03

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  • 25

    Feb

  • 04

    Mar

GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

Netflix

$339.56

0.89 (0.26%)

08:47
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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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  • 21

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    Feb

JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

Walmart

$114.93

-0.96 (-0.83%)

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JWN

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WMT

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$114.93

-0.96 (-0.83%)

CSPR

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$0.00

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  • 21

    Jan

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    Feb

BA

Boeing

$324.11

-7.89 (-2.38%)

, DDAIF

Daimler AG

$0.00

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BA

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DDAIF

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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%)

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  • 05

    Feb

CE

Celanese

$117.54

-0.53 (-0.45%)

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  • 31

    Jan

BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

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DBD

Diebold

$11.09

-0.49 (-4.23%)

17:42
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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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IEF

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$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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01/17
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  • 17

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    Feb

IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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Breaking Syndicate news story on Immunovant »

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