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Fly News Breaks for October 1, 2019
AMAT, AAPL, LRCX, MCHP, MU, XLNX, ADI, ENTG, TER, NXPI, MKSI, KLAC
Oct 1, 2019 | 06:21 EDT
KeyBanc analyst Weston Twigg made four rating changes in the Semiconductors space after his quarterly trip to Asia revealed overall demand trends, while still weak, "are not getting worse." The analyst was encouraged to find inventories are beginning to normalize and that expectations are for normal seasonality in Q4. As a result, he upgraded Analog Devices (ADI), Microchip (MCHP), and NXP Semiconductors (NXPI) to Overweight from Sector Weight. Conversely, the China insourcing trends at Huawei and other manufacturers are accelerating faster than Twigg had expected, which results in his downgrade of Xilinx (XLNX) to Sector Weight from Overweight. The analyst also recommends building long-term positions in semi-cap and memory stocks like KLA-Tencor (KLAC), Teradyne (TER), Micron Technology (MU), MKS Instruments (MKSI), Entegris (ENTG), Applied Materials (AMAT) and Lam Research (LRCX). Lastly, Twigg says that initial demand for Apple's (AAPL) new iPhone "appears to be slightly worse than expected."
News For ADI;MCHP;NXPI;XLNX;KLAC;TER;MU;MKSI;ENTG;AMAT;LRCX;AAPL From the Last 2 Days
AAPL
Feb 24, 2020 | 12:36 EDT
Stocks have been sharply lower since the open with the accelerating spread of the coronavirus outside of China the focal point of markets around the world today. On Sunday, South... To see the rest of the story go to thefly.com. See Story Here
AAPL
Feb 24, 2020 | 09:44 EST
Shares of VirnetX (VHC) jumped after the U.S. Supreme Court refused to consider Apple's (AAPL) appeal of an up to $1B patent award. Apple argued that a $439M judgment from the first of two cases brought by VirnetX was "grossly excessive" and should be thrown out because the U.S. Patent and Trademark Office, in separate proceedings, ruled that the patents at the heart of the dispute are invalid, Bloomberg points out. Shares of VirnetX are off the day's highs but remain up 8% to $5.40 in early trading. Reference Link
AMAT, MU, LRCX
Feb 22, 2020 | 07:19 EDT
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. U... To see the rest of the story go to thefly.com. See Story Here