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Recommendations
Nomura Instinet sees opportunity in Semis amidst 'growing uncertainty' » 07:36
04/06/20
04/06
07:36
04/06/20
07:36
AMD

AMD

$42.56 /

-1.91 (-4.30%)

, AMAT

Applied Materials

$42.26 /

-0.95 (-2.20%)

, INTC

Intel

$54.20 /

-0.18 (-0.33%)

, QCOM

Qualcomm

$65.22 /

-2.94 (-4.31%)

, XLNX

Xilinx

$79.02 /

-0.11 (-0.14%)

, KLAC

KLA Corp.

$127.70 /

-4.91 (-3.70%)

While the ongoing…

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Friday
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Lam Research upgraded to Buy from Neutral at Nomura Instinet » 05:59
04/03/20
04/03
05:59
04/03/20
05:59
LRCX

Lam Research

$220.36 /

-3 (-1.34%)

Nomura Instinet analyst…

Nomura Instinet analyst David Wong upgraded Lam Research to Buy from Neutral with an unchanged price target of $265. The analyst believes Lam has been affected by and will continue to feel the effects of COVID-19 through the majority of 2020. However, this has already been priced into Lam's stock recently, adds the analyst. Lam's stock is currently trading at a "substantial discount" to where it was trading at the beginning of 2020, Wong points out. The analyst continues to see long-term growth potential for Lam.

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Thursday
Recommendations
Western Digital named favorite COVID recovery idea at Deutsche Bank » 08:17
04/02/20
04/02
08:17
04/02/20
08:17
WDC

Western Digital

$38.11 /

-2.97 (-7.23%)

, MU

Micron

$39.94 /

-2.13 (-5.06%)

, STX

Seagate

$47.84 /

-0.97 (-1.99%)

Since the COVID-19…

Since the COVID-19 pandemic began, Western Digital's (WDC) share price, down 46% from its recent peak, has significantly underperformed the semiconductor index and its closest U.S. memory/storage peers Micron Technology (MU) and Seagate Technology (STX), Deutsche Bank analyst Sidney Ho tells investors in a research note. At the current valuation, Western Digital's risk/reward is "highly attractive," even if there are downside risks to estimates, contends the analyst. Ho believes that when the market starts to recover from the pandemic, Western Digital offers an "outsized reward for owning the shares." The analyst calls the company his favorite COVID recovery idea.

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Downgrade
Applied Materials downgraded to Neutral from Buy at DA Davidson » 08:14
04/02/20
04/02
08:14
04/02/20
08:14
AMAT

Applied Materials

$43.29 /

-2.6 (-5.67%)

DA Davidson analyst…

DA Davidson analyst Thomas Diffely downgraded Applied Materials to Neutral from Buy with a price target of $50, down from $76, as part of a broader downgrade of select names in the semicap space. The analyst is citing growing COVID-19 uncertainty and the related near-term supply challenges, along with medium-term recession driven demand concerns. Diffely is also cutting Applied Materials' expected FY21 EPS view to $4.30 from $4.75 with a lower modeled multiple of 11.5-times expected 2021 earnings vs. 16-times prior to reflect the growing uncertainty.

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Lam Research downgraded to Neutral from Buy at DA Davidson » 08:06
04/02/20
04/02
08:06
04/02/20
08:06
LRCX

Lam Research

$223.36 /

-16.81 (-7.00%)

DA Davidson analyst…

DA Davidson analyst Thomas Diffely downgraded Lam Research to Neutral from Buy with a price target of $250, down from $350 as part of a broader downgrade of select names in the semicap space. The analyst is citing growing COVID-19 uncertainty and the related near-term supply challenges along with medium-term recession driven demand concerns. Diffely is also cutting Lam Research's expected FY21 EPS view to $17.75 from $19.25 with a lower modeled multiple of 14.0-times expected 2021 earnings vs. 18-times prior to reflect the growing uncertainty.

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Downgrade
Lam Research downgraded to Neutral from Buy at DA Davidson » 07:41
04/02/20
04/02
07:41
04/02/20
07:41
LRCX

Lam Research

$223.36 /

-16.81 (-7.00%)

DA Davidson analyst…

DA Davidson analyst Thomas Diffely downgraded Lam Research to Neutral from Buy with a $250 price target.

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Downgrade
Applied Materials downgraded to Neutral from Buy at DA Davidson » 06:44
04/02/20
04/02
06:44
04/02/20
06:44
AMAT

Applied Materials

$43.29 /

-2.6 (-5.67%)

DA Davidson analyst…

DA Davidson analyst Thomas Diffely downgraded Applied Materials to Neutral from Buy with a $150 price target.

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Over a week ago
Hot Stocks
NeoPhotonics appoints Barbara Rogan as General Counsel » 08:42
03/30/20
03/30
08:42
03/30/20
08:42
NPTN

NeoPhotonics

$6.72 /

-0.045 (-0.67%)

NeoPhotonics announced…

NeoPhotonics announced the appointment of Barbara Rogan as the company's Senior Vice President and General Counsel, reporting to Tim Jenks Chairman and CEO of NeoPhotonics.

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NeoPhotonics upgraded to Overweight from Neutral at Piper Sandler » 05:23
03/30/20
03/30
05:23
03/30/20
05:23
NPTN

NeoPhotonics

$6.72 /

-0.045 (-0.67%)

Piper Sandler analyst…

Piper Sandler analyst Troy Jensen upgraded NeoPhotonics to Overweight from Neutral with an unchanged price target of $9. The company's Chinese operations are nearing 100% capacity as China appears to be back online, Jensen tells investors in a research note. Further, the analyst believes NeoPhotonics' significant exposure to China will be a benefit as the country appears to be bouncing back first from the COVID-19 outbreak. Meanwhile, the work-from-home initiatives are stressing carrier networks and should provide "some near-term cushion for the optical industry," adds Jensen.

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Options
Applied Materials put volume heavy and directionally bearish » 12:35
03/27/20
03/27
12:35
03/27/20
12:35
AMAT

Applied Materials

$45.84 /

-3.43 (-6.96%)

Bearish flow noted in…

Bearish flow noted in Applied Materials with 5,998 puts trading, or 1.3x expected. Most active are 3/27 weekly 45 puts and 3/27 weekly 48 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 1.89, while ATM IV is up nearly 9 points on the day. Earnings are expected on May 14th.

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