Breaking News Instant updates and real-time market news.

MCHP

Microchip

$110.36

1.07 (0.98%)

, TXN

Texas Instruments

$131.36

1.64 (1.26%)

06:43
01/10/20
01/10
06:43
01/10/20
06:43

Microchip upgraded to Buy from Neutral at BofA

BofA analyst Vivek Arya upgraded Microchip (MCHP) to Buy from Neutral as part of a broader research note on U.S. semiconductors as the upcoming December quarter is likely the cycle trough. The analyst tells investors that he also continues to like Texas Instruments (TXN), Analog Devices (ADI) and ON Semiconductor (ON). He says diversified semis benefit from auto content growth, offset by muted recovery in global industrial activity.

MCHP

Microchip

$110.36

1.07 (0.98%)

TXN

Texas Instruments

$131.36

1.64 (1.26%)

ADI

Analog Devices

$120.65

0.04 (0.03%)

ON

ON Semiconductor

$24.87

0.05 (0.20%)

  • 22

    Jan

MCHP Microchip
$110.36

1.07 (0.98%)

01/07/20
KEYB
01/07/20
NO CHANGE
Target $120
KEYB
Overweight
Microchip price target raised to $120 from $110 at KeyBanc
KeyBanc analyst John Vinh raised his price target for Microchip to $120 from $110 after the company raised the midpoint of its Q3 revenue guidance given continued strength in booking trends since October. The analyst has an Overweight rating on the shares.
01/10/20
01/10/20
NO CHANGE

Piper Sandler to host events at conference
Piper Sandler Hosted Events at CES 2020 will be held in Las Vegas on January 7-10.
TXN Texas Instruments
$131.36

1.64 (1.26%)

10/23/19
MSCO
10/23/19
NO CHANGE
Target $109
MSCO
Equal Weight
Morgan Stanley 'surprised' by magnitude of Texas Instruments weakness
Morgan Stanley analyst Joseph Moore said he had expected weakness from Texas Instruments, but he was surprised at the magnitude and TI's comments citing weakness in nearly all end markets, in all geographies, and at "nearly every major customer." The analyst thinks the duration of this downcycle will "clearly be longer" than usual and doesn't expect TI to see year-over-year growth until the third quarter of 2020, at the earliest. Moore keeps an Equal Weight rating on TI shares and trimmed his price target for the stock to $109 from $110.
10/25/19
BOFA
10/25/19
DOWNGRADE
Target $44
BOFA
Neutral
BofA downgrades Avnet to Neutral on macro weakness, TI disengagement
BofA/Merrill Lynch analyst Ruplu Bhattacharya downgraded Avnet (AVT) to Neutral from Buy after the company gave more details on the impact of the Texas Instruments (TXN) disengagement during its earnings call, stating that it will lose about $2B of annual revenue and implying an annual EPS impact of about $1.15. Although the TI business was "low-margin fulfillment" and Avnet announced an incremental $35M in restructuring on top of its previously announced plan, the company will be hurt in the near-term from having a larger infrastructure and workforce while being faced with lower revenues, Bhattacharya said. Lower volumes in the near-term due to both the TI disengagement plus a weak macro environment will hurt margins over the next 3-4 quarters, said Bhattacharya, who thinks some can be offset by benefits from added restructuring. The analyst cut the price target on Avnet shares to $44 from $47.
10/28/19
JEFF
10/28/19
NO CHANGE
Target $150
JEFF
Buy
Texas Instruments recent selloff a buying opportunity, says Jefferies
Jefferies analyst Mark Lipacis views the post-earnings selloff in shares of Texas Instruments as a "particular buying opportunity." The company's reduced Q4 outlook is more a catch-up to peers than a foreshadowing of more negative cuts for the group, Lipacis tells investors in a research note. He keeps a Buy rating on Texas Instruments with a $150 price target.
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).
ADI Analog Devices
$120.65

0.04 (0.03%)

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).
ON ON Semiconductor
$24.87

0.05 (0.20%)

10/08/19
MSCO
10/08/19
NO CHANGE
Target $60
MSCO
Overweight
Morgan Stanley still a buyer of Ambarella despite entity list news
Morgan Stanley analyst Joseph Moore said he remains a buyer of Ambarella (AMBA) shares despite reports that the list of 28 Chinese companies added to the U.S. entity list includes two customers that each make up low to mid teens percentage of the company's revenue, HIKVision and Dahua. He sees three potential mitigating factors: the fact that Ambarella may still be able to ship to entity list customers; the potential for Chinese customers to lose share to other Ambarella customers outside of China; and this impacts the legacy business and he is most enthused about Ambarella's computer vision ramp. Moore maintains an Overweight rating on Ambarella with an unchanged $60 price target. He also notes that ON Semiconductor (ON) has "modest exposure" to the surveillance market and that hard disk drive makers Seagate (STX) and Western Digital (WDC) also have "small exposure" to the surveillance markets.
12/18/19
MSCO
12/18/19
NO CHANGE
MSCO
Morgan Stanley upgrades Semiconductors sector view to In-Line
Morgan Stanley analysts Joseph Moore and Craig Hettenbach upgraded their sector view on Semiconductors to In-Line from Cautious, stating that even though "nearly every company" in the group revised numbers down "basically every quarter," their negative call for semis in 2019 was "clearly wrong given stock price performance." Though they still have some caution about 2020 given the disruptive influence of trade tensions, their estimates are much closer to consensus now than they were six months ago, leading to the change in rating. The analysts said they are not moving to an Attractive industry view since they would push back on the secular view that semi demand will be better in the next five years than it was in the last five. Their Overweight rated stocks in the group include Xilinx (XLNX), Nvidia (NVDA), Ambarella (AMBA), Amphenol (APH), NXP Semiconductors (NXPI), Broadcom (AVGO) and Intel (INTC) while their Underweights are Sensata (ST) and ON Semiconductor (ON).
11/25/19
WELS
11/25/19
INITIATION
Target $22
WELS
Market Perform
ON Semiconductor initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Gary Mobley initiated coverage of ON Semiconductor with a Market Perform rating and $22 price target. While management has done a commendable job at re-targeting the company's product roadmap to focus on "megatrends" in automotive, industrial and cloud power, On is "still very much a classically cyclical semiconductor company," Mobley tells investors in a research note. The analyst prefers chip companies with more company-specific and/or secular catalysts.
10/25/19
PIPR
10/25/19
NO CHANGE
Target $120
PIPR
Overweight
Piper remains cautious into broad semiconductor company earnings
Piper Jaffray analyst Harsh Kumar remains cautious heading into broad semiconductor company earnings over the next few weeks. The pause in 5G component purchases and automotive weakness appear to be the two hardest hit segments in the September and December quarters, Kumar tells investors in a research note. In addition, given the delay in securing a trade deal, the analyst also sees the industrial segment as lagging. He lowered his estimates for NXP Semiconductors (NXPI), Microchip (MCHP) and ON Semiconductor (ON). He believes these companies have the most exposure to the weakening trends. Kumar keeps Overweight ratings on Microchip and NXP as well as a Neutral rating on ON. He also trimmed his price target for NXP to $120 from $125.

TODAY'S FREE FLY STORIES

ZEN

Zendesk

$83.96

-0.68 (-0.80%)

09:11
01/21/20
01/21
09:11
01/21/20
09:11
Recommendations
Zendesk analyst commentary  »

Zendesk price target…

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

  • 24

    Feb

LFUS

Littelfuse

$191.09

-1.33 (-0.69%)

09:11
01/21/20
01/21
09:11
01/21/20
09:11
Downgrade
Littelfuse rating change  »

Littelfuse downgraded 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

  • 29

    Jan

  • 03

    Feb

CLSK

CleanSpark

$0.00

(0.00%)

09:11
01/21/20
01/21
09:11
01/21/20
09:11
Hot Stocks
CleanSpark announces $238,000 in new equipment orders year-to-date »

CleanSpark announced that…

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

ANIK

Anika Therapeutics

$45.42

-1.65 (-3.51%)

09:11
01/21/20
01/21
09:11
01/21/20
09:11
Upgrade
Anika Therapeutics rating change  »

Anika Therapeutics…

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

  • 26

    Mar

HAL

Halliburton

$23.96

0.15 (0.63%)

09:10
01/21/20
01/21
09:10
01/21/20
09:10
Hot Stocks
Breaking Hot Stocks news story on Halliburton »

Halliburton sees…

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

  • 21

    Jan

  • 23

    Mar

GNBT

Generex

$0.00

(0.00%)

09:10
01/21/20
01/21
09:10
01/21/20
09:10
Conference/Events
Generex to host business news update conference call »

Conference call 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

RTTR

Ritter Pharmaceuticals

$0.22

0.0069 (3.19%)

09:10
01/21/20
01/21
09:10
01/21/20
09:10
Hot Stocks
Breaking Hot Stocks news story on Ritter Pharmaceuticals »

Ritter Pharmaceuticals…

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

AXS

Axis Capital

$61.03

0.3 (0.49%)

09:10
01/21/20
01/21
09:10
01/21/20
09:10
Hot Stocks
Axis Capital anticipates 'modest' operating income for Q4 »

Axis Capital announced…

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

  • 30

    Jan

  • 26

    Feb

HAL

Halliburton

$23.96

0.15 (0.63%)

09:10
01/21/20
01/21
09:10
01/21/20
09:10
Hot Stocks
Breaking Hot Stocks news story on Halliburton »

Halliburton says to sell…

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

  • 21

    Jan

  • 23

    Mar

09:10
01/21/20
01/21
09:10
01/21/20
09:10
General news
U.S. equities have turned lower »

U.S. equities have turned…

EVRG

Evergy

$67.34

0.19 (0.28%)

09:09
01/21/20
01/21
09:09
01/21/20
09:09
Hot Stocks
Breaking Hot Stocks news story on Evergy »

Elliott sends letter 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

RFL

Rafael Holdings

$20.57

0.01 (0.05%)

09:09
01/21/20
01/21
09:09
01/21/20
09:09
Hot Stocks
Rafael Pharmaceuticals announces initiation of Phase 1b/2 trial of CPI-613 »

Rafael Pharmaceuticals…

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

HAL

Halliburton

$23.96

0.15 (0.63%)

09:09
01/21/20
01/21
09:09
01/21/20
09:09
Hot Stocks
Breaking Hot Stocks news story on Halliburton »

Halliburton says gas…

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

  • 21

    Jan

  • 23

    Mar

ADSK

Autodesk

$193.44

1.03 (0.54%)

09:08
01/21/20
01/21
09:08
01/21/20
09:08
Upgrade
Autodesk rating change  »

Autodesk upgraded to Buy…

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

GEVO

Gevo

$2.18

-0.08 (-3.54%)

09:08
01/21/20
01/21
09:08
01/21/20
09:08
Hot Stocks
Gevo welcomes support of Washington State low carbon fuel standard »

Gevo welcomed the news of…

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

  • 16

    Feb

ALK

Alaska Air

$66.65

0.08 (0.12%)

, HA

Hawaiian Holdings

$30.03

-0.41 (-1.35%)

09:07
01/21/20
01/21
09:07
01/21/20
09:07
Recommendations
Alaska Air, Hawaiian Holdings, JetBlue, Spirit Airlines, Southwest analyst commentary  »

Airline industry to…

ALK

Alaska Air

$66.65

0.08 (0.12%)

HA

Hawaiian Holdings

$30.03

-0.41 (-1.35%)

JBLU

JetBlue

$19.23

0.21 (1.10%)

SAVE

Spirit Airlines

$42.89

0.22 (0.52%)

LUV

Southwest

$55.01

-0.29 (-0.52%)

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

  • 23

    Jan

  • 23

    Jan

  • 28

    Jan

  • 30

    Jan

  • 06

    Feb

HONE

HarborOne Bancorp

$11.02

-0.07 (-0.63%)

09:07
01/21/20
01/21
09:07
01/21/20
09:07
Hot Stocks
HarborOne Bancorp appoints Inez Friedman-Boyce as general counsel »

HarborOne Bank has named…

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

    Feb

CVGW

Calavo Growers

$80.67

0.05 (0.06%)

09:06
01/21/20
01/21
09:06
01/21/20
09:06
Hot Stocks
Calavo Growers to acquire Simply Fresh Fruit, terms not disclosed »

Calavo Growersannounced…

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

VAL

Valaris

$5.69

-0.33 (-5.49%)

09:06
01/21/20
01/21
09:06
01/21/20
09:06
Hot Stocks
Valaris announces ARO Drilling two rigs from International Maritime Industries »

Valaris announced that…

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

HAL

Halliburton

$23.96

0.15 (0.63%)

09:06
01/21/20
01/21
09:06
01/21/20
09:06
Hot Stocks
Halliburton says 2019 was pivot from growth to discipline in North America »

Comments taken from the…

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

  • 21

    Jan

  • 23

    Mar

MGI

MoneyGram

$2.65

-0.065 (-2.39%)

09:05
01/21/20
01/21
09:05
01/21/20
09:05
Hot Stocks
MoneyGram enters strategic partnership with LuLu Money »

MoneyGram announced that…

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

FTNT

Fortinet

$117.46

-1.66 (-1.39%)

09:05
01/21/20
01/21
09:05
01/21/20
09:05
Hot Stocks
Fortinet says Burger King Brazil adopts Fortinet Secure SD-WAN »

Fortinet announced that…

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

  • 19

    Feb

  • 20

    Feb

  • 25

    Feb

GILD

Gilead

$62.99

-0.21 (-0.33%)

09:05
01/21/20
01/21
09:05
01/21/20
09:05
Downgrade
Gilead rating change  »

Gilead downgraded 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

  • 23

    Jan

ARWR

Arrowhead

$56.42

-0.65 (-1.14%)

, VRTX

Vertex

$235.85

0.23 (0.10%)

09:04
01/21/20
01/21
09:04
01/21/20
09:04
Initiation
Arrowhead, Vertex, Johnson & Johnson initiated  »

SVB Leerink bearish on…

ARWR

Arrowhead

$56.42

-0.65 (-1.14%)

VRTX

Vertex

$235.85

0.23 (0.10%)

JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

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

  • 21

    Jan

  • 22

    Jan

  • 10

    Feb

  • 09

    Mar

  • 17

    Mar

  • 19

    Mar

BWAY

Brainsway

$11.72

0.01 (0.09%)

09:04
01/21/20
01/21
09:04
01/21/20
09:04
Hot Stocks
Greenbrook TMS NeuroHealth offers Brainsway's Deep TMS therapy »

Greenbrook TMS…

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

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.