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MTSI

Macom

$27.35

0.37 (1.37%)

, NXPI

NXP Semiconductors

$132.68

0.645 (0.49%)

06:05
01/15/20
01/15
06:05
01/15/20
06:05

Piper sees 2020 as 'major recovery year' for Semiconductors

Piper Sandler analyst Harsh Kumar believes 2020 appears to be a "major recovery year" for the Semiconductor market Gartner expects the industry to grow 12.5%, inventory levels are low across the board, and the trade narrative is "soothing," Kumar tells investors in a research note. As a result, the analyst expects a "strong pick-up" in demand following a roughly 12% decline in 2019. Stock performance will now depend on the slope of the recovery, which is strong, he contends. Kumar's top picks for 2020 are Macom (MTSI), NXP Semiconductors (NXPI) and Nvidia (NVDA).

MTSI

Macom

$27.35

0.37 (1.37%)

NXPI

NXP Semiconductors

$132.68

0.645 (0.49%)

NVDA

Nvidia

$247.36

-4.58 (-1.82%)

  • 15

    Jan

  • 04

    Feb

MTSI Macom
$27.35

0.37 (1.37%)

12/03/19
RSBL
12/03/19
NO CHANGE
RSBL
Lumentum, Maxim, Macom to benefit from ZTE, Huawei procurement, says Rosenblatt
Rosenblatt analyst Jun Zhang noted that ZTE (ZTCOY) announced at the World 5G Convention in Beijing that they plan to procure 3 million 25G fronthaul optical modules in the first half of 2020. He also expects Huawei to begin ordering 5G related components this week, said Zhang, who views the procurement news as beneficial for Lumentum (LITE), Maxim (MXIM) and Macom (MTSI). HG Tech and Hisense hold the largest market share in China for supplying 25G fronthaul optical modules and both use lasers primarily from Lumentum and drivers primarily from Maxim and Macom, Zhang tells investors. He keeps a Buy rating on Lumentum and has no ratings on the two driver suppliers mentioned.
11/18/19
NORL
11/18/19
NO CHANGE
Target $30
NORL
Outperform
Macom price target raised to $30 from $22.50 at Northland
Northland analyst Tim Savageaux raised his price target on Macom Technology Solutions shares to $30 from $22.50 following the company's better than expected Q2 report and his subsequent meeting with senior management, both of which he said gave him a better sense of the company's "crisp execution and measured expectations." The analyst, who sees Macom having a path toward earnings power to "support both the recent strong move in the shares and future upside potential," keeps an Outperform rating on the stock.
11/14/19
DADA
11/14/19
NO CHANGE
Target $24
DADA
Neutral
Macom price target raised to $24 from $18 at DA Davidson
DA Davidson analyst Thomas Diffely raised his price target on Macom to $24 after its Q4 earnings beat driven by cost cutting initiatives, saying the company is making "steady progress" in a "massive business restructuring program". The analyst says he is encouraged by the turnaround as it builds product momentum across data center, telecom and I&D segments.
09/09/19
PIPR
09/09/19
NO CHANGE
Target $23
PIPR
Overweight
Macom one of the best turnaround stories in semiconductors, says Piper Jaffray
After hosting investor meetings with management, Piper Jaffray analyst Harsh Kumar believes Macom remains "incredibly focused" on profitability and cash flows. The analyst is confident in management's abilities to meet its initial $50M cost cuts, along with the opportunity for additional efficiencies in the future. He continues to view Street estimates as beatable and believes Macom is currently one of the best turnaround stories in the semiconductor landscape. Kumar reiterates an Overweight rating on the shares with a $23 price target.
NXPI NXP Semiconductors
$132.68

0.645 (0.49%)

01/10/20
FBCO
01/10/20
NO CHANGE
Target $150
FBCO
Outperform
NXP Semiconductors price target raised to $150 from $135 at Credit Suisse
Credit Suisse analyst John Pitzer raised his price target for NXP Semiconductors (NXPI) to $150 from $135 and reiterated an Outperform rating to reflect the completion of the acquisition of Marvell's (MRVL) WiFI division last month. The analyst says the stock continues to screen cheap and he continues to argue investors are undervaluing NXP's core IP position in connectivity, security and MCUs.
01/13/20
JEFF
01/13/20
NO CHANGE
JEFF
Buy
NXP Semiconductors, Microchip price targets raised after CES at Jefferies
Jefferies analyst Mark Lipacis raised his price target on Microchip (MCHP) shares to $127 from $119 after the company increased its Q4 outlook for the second time in a month, noting that its CEO said that channel inventories are near historical lows, setting the table for channel restocking in 2020. He also raised his price target on NXP Semiconductors (NXPI) after having met with a dozen companies at CES. NXP's booth had auto and retail demos where processing like image or facial recognition occurred at the edge while it also demonstrated UWB capability, said Lipacis, who updated his model to include Connectivity revenues from its recently closed WiFi acquisition from Marvell (MRVL). He keeps Buy ratings on both Microchip and NXP 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.
01/10/20
BOFA
01/10/20
NO CHANGE
Target $155
BOFA
Buy
NXP Semiconductors price target raised to $155 from $145 at BofA
BofA analyst Vivek Arya raised his price target for NXP Semiconductors (NXPI) to $155 from $145 as part of a broader research note on U.S. semiconductors and highlights its attractive valuation, Dutch-domicile, accretion from the Marvell (MRVL) WiFi deal and possible S&P inclusion as catalysts.
NVDA Nvidia
$247.36

-4.58 (-1.82%)

01/13/20
CHLM
01/13/20
NO CHANGE
Target $300
CHLM
Buy
Nvidia price target raised to $300 from $255 at Craig-Hallum
Craig-Hallum analyst Richard Shannon raised his price target for Nvidia to $300 from $255 as gaming trends look positive and ray-tracing GPUs are picking up "strongly," while datacenter trends are accelerating, driven by conversational AI. The analyst reiterates a Buy rating on the shares after meetings at CES and an examination of trends in data on Gaming GPUs from Steam.
01/13/20
NEED
01/13/20
UPGRADE
NEED
Hold
Nvidia upgraded to Hold from Underperform at Needham
Needham analyst Rajvindra Gill upgraded Nvidia to Hold from Underperform after his "positive" meeting with the company's management at CES. The analyst notes that his prior downgrade was based on the expectations of a "significant" global macro slowdown that would impede the purchases of graphics cards and reduced hyperscaler spending, but instead 2019 saw an "aggressive channel refill". Gill further cites positive signs of momentum in gaming as attach rates for tracing games have accelerated, while hyperscaler spending has resumed to sustain AI workloads, though he also sees Nvidia's 34-times his expected FY21 valuation as "full".
01/13/20
NEED
01/13/20
UPGRADE
NEED
Hold
Nvidia upgraded to Hold from Underperform at Needham
01/13/20
01/13/20
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nvidia (NVDA) upgraded to Hold from Underperform at Needham with analyst Rajvindra Gill citing his "positive" meeting with the company's management at CES. 2. Goldman Sachs (GS) upgraded to Outperform from Market Perform at JMP Securities. 3. 3D Systems (DDD) upgraded to Buy from Hold at Craig-Hallum with analyst Greg Palm saying he believes the narrative is changing at 3D Systems. With a focus on shareholder value, coupled with a return to revenue growth and a major uptick in profitability, Palm thinks shares should start to work higher. 4. New Relic (NEWR) upgraded to Buy from Neutral at UBS with analyst Jennifer Swanson saying the combination of "solid" product and an attractive total addressable market, estimates implying little improvement in execution, and valuation "30% below where it should be" based on peers creates an attractive opportunity with significant potential for shares to re-rate higher. 5. Ericsson (ERIC) upgraded to Buy from Neutral at Citi with analyst Amit Harchandani saying he has a more optimistic view on the pace of 5G adoption and increased his forecast for the radio access network market. 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

TLGT

Teligent

$0.40

-0.0025 (-0.62%)

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

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DVA

DaVita

$79.45

0.43 (0.54%)

15:32
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15:32
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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01/18
09:03
01/18/20
09:03
Periodicals
KKR undervalued compared with peers, Barron's says »

KKR (KKR) gained 50% last…

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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  • 13

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    Feb

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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
01/18/20
01/18
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01/18/20
08:56
Periodicals
'Blank-check' companies hot on Wall Street, Barron's says »

More than a quarter of…

SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

TWNK

Hostess Brands

$14.03

0.02 (0.14%)

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  • 25

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  • 04

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

Netflix

$339.56

0.89 (0.26%)

08:47
01/18/20
01/18
08:47
01/18/20
08:47
Periodicals
Peacock's pricing might be 'killer feature,' Barron's says »

This week, Peacock…

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%)

03/08/13
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  • 21

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    Jan

  • 03

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    Feb

  • 10

    Feb

JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

Walmart

$114.93

-0.96 (-0.83%)

08:36
01/18/20
01/18
08:36
01/18/20
08:36
Periodicals
Casper IPO highlights tech's promise, troubles, Barron' says »

Mattresses have been…

JWN

Nordstrom

$40.34

-0.15 (-0.37%)

WMT

Walmart

$114.93

-0.96 (-0.83%)

CSPR

Casper Sleep

$0.00

(0.00%)

03/08/13
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  • 21

    Jan

  • 18

    Feb

BA

Boeing

$324.11

-7.89 (-2.38%)

, DDAIF

Daimler AG

$0.00

(0.00%)

08:12
01/18/20
01/18
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08:12
On The Fly
Week in Review: How Trump's policies moved stocks »

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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%)

03/08/13
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  • 28

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SPOT

Spotify

$148.20

-3.59 (-2.37%)

18:15
01/17/20
01/17
18:15
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18:15
Periodicals
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
01/17/20
01/17
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18:00
Hot Stocks
Celanese announces acetyl intermediates price increases »

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  • 31

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BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

17:58
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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
01/17/20
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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
01/17/20
01/17
17:32
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17:32
Periodicals
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
01/17/20
01/17
17:27
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17:27
Syndicate
Breaking Syndicate news story on Immunovant »

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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

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

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
01/17/20
01/17
17:14
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17:14
Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
01/17/20
01/17
17:10
01/17/20
17:10
Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
01/17/20
01/17
17:01
01/17/20
17:01
Hot Stocks
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
01/17
16:40
01/17/20
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
01/17
16:38
01/17/20
16:38
Syndicate
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
01/17/20
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%)

03/08/13
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16:30
01/17/20
01/17
16:30
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16:30
Options
Preliminary option volume of 28.7M today »

Preliminary option volume…

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