Fly News Breaks for January 17, 2020
ON, AVGO, MCHP, TXN
Jan 17, 2020 | 08:06 EDT
Citi analyst Christopher Danely expects aggregate Semiconductor consensus estimates to increase during earnings season for the first time since Q3 of 2019, driven by a combination of improving demand and conservative guidance. Channel inventory is low and inventory replenishment should occur in 2020, driving the next phase of upside for Semi stocks, Danely tells investors in a research note. The analyst remains positive on the group and is Buy rated on Texas Instruments (TXN), Microchip (MCHP), Broadcom (AVGO) and ON Semiconductor (ON). His top picks are Texas Instruments and Microchip. Danely remains cautious on Xilinx (XLNX) saying its "ASIC transition will stunt revenue growth."
News For TXN;MCHP;AVGO;ON From the Last 2 Days
Oct 19, 2020 | 05:39 EDT
Morgan Stanley analyst Craig Hettenbach upgraded Microchip Technology to Overweight from Equal Weight with a $131 price target.