Allegro MicroSystems price target raised to $38 from $28 at Barclays » 06:4601/2601/26/21
Barclays analyst Blayne…
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Fly Insider: OncoCyte, Air Transport among week's notable insider trades » 15:2001/2501/25/21
OCX, ALDX, BRN, HCDI, AMKR, AMK, AMSC, ATSG
Welcome to "Fly Insider,"…
Jefferies software/Internet analyst to hold analyst/industry conference call » 10:4001/2501/25/21
Software & Internet…
Software & Internet Analyst Thill, along with Splunk customer Gregory Poniatowski, discuss the company on an Analyst/Industry Conference Call to be held on January 25 a 1 pm.
Silicon Motion price target raised to $63 from $55 at B. Riley Securities » 07:5701/2501/25/21
B. Riley Securities…
B. Riley Securities analyst Craig Ellis raised the firm's price target on Silicon Motion to $63 from $55 and keeps a Buy rating on the shares. Bellwether updates and reporting data points "tilt positively" for semiconductor earnings and portend "robust" multi-year chip growth, Ellis tells investors in a research note. While reporting expectations are elevated, there remains "significant" earnings upside ahead, says the analyst.
GoodRx initiated with a Buy at Guggenheim » 06:5301/2501/25/21
Guggenheim analyst Vikram…
Guggenheim analyst Vikram Kesavabhotla initiated coverage of GoodRx with a Buy rating and $52 price target.
Arista Networks price target raised to $350 from $330 at JPMorgan » 06:4301/2501/25/21
JPMorgan analyst Samik…
JPMorgan analyst Samik Chatterjee raised the firm's price target on Arista Networks to $350 from $330 and keeps an Overweight rating on the shares. Arista shares might have risen 27% since Q3 earnings, reflecting improved sentiment on cloud spending as well as management confidence in a recovery in the growth rate, Chatterjee tells investors in a research note. However, the debate on the shares has continued to be around share loss in the 400G cycle that the bears on the stock believe will limit the company's ability to provide upside to recently communicated targets for 2021, says the analyst. Despite the higher bar of expectations, Chatterjee still sees upside from modestly better than expected revenue in Q4 and better than expected guidance for Q1.
Citi moves Marvell up to pick in semiconductor equipment » 06:3801/2501/25/21
MRVL, NVDA, LRCX, KLAC, ENTG, IIVI, AMKR, CCMP
Citi analyst Atif Malik…
Citi analyst Atif Malik favors semiconductor names over semiconductor capital equipment in the first half of 2021 on peaking wafer fab equipment run rate. He moved Marvell Technology Group (MRVL) to his number one pick and Nvidia (NVDA) to his number two pick. Malik lowered Lam Research (LRCX) and KLA Corp. (KLAC) down by two spots on his ranking list to three and four respectively, On the materials and components group, the analyst maintains Entegris (ENTG) at number one and moves II-VI (IIVI) to his number two pick. He remains Sell rated on Amkor Technology (AMKR) due to long-term margin contraction concerns and CMC Materials (CCMP) due to top line weakness and competitive threats.
Amkor Technology price target raised to $13 from $11.40 at Citi » 06:2801/2501/25/21
Citi analyst Atif Malik…
Citi analyst Atif Malik raised the firm's price target on Amkor Technology to $13 from $11.40 and keeps a Sell rating on the shares. The analyst updated estimates and price targets across semiconductor equipment and components to align with Citi's updated wafer fab equipment estimates and expanded multiples driven by "strong" near term capex spend.
HP Enterprise participates in a conference call hosted by Oppenheimer » 09:2501/2201/22/21
Oppenheimer holds a…
Oppenheimer holds a conference call with President & CEO Neri on January 22 at 10 am. Webcast Link
Cloudflare announces Project Fair Shot for COVID-19 vaccine distribution » 09:0701/2201/22/21
Cloudflare announced Project Fair Shot to offer a free and fair way for vaccine distributors around the world to use digital queues to safely scale their efforts. Project Fair Shot will enable any government, municipality, hospital, pharmacy, or other organization facilitating the distribution of the COVID-19 vaccine access to Cloudflare Waiting Room, a transparent digital queue that sits in front of any registration website for people to know where they stand in line to sign up for a vaccine without leaving home. By relying on Cloudflare's global infrastructure, Project Fair Shot can scale regardless of demand without requiring organizations to dedicate limited IT resources to code changes.