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Fly News Breaks for December 18, 2019
SOX, ON, ST, INTC, AVGO, NXPI, APH, AMBA, NVDA, XLNX
Dec 18, 2019 | 07:52 EDT
Morgan Stanley analysts Joseph Moore and Craig Hettenbach upgraded their sector view on Semiconductors to In-Line from Cautious, stating that even though "nearly every company" in the group revised numbers down "basically every quarter," their negative call for semis in 2019 was "clearly wrong given stock price performance." Though they still have some caution about 2020 given the disruptive influence of trade tensions, their estimates are much closer to consensus now than they were six months ago, leading to the change in rating. The analysts said they are not moving to an Attractive industry view since they would push back on the secular view that semi demand will be better in the next five years than it was in the last five. Their Overweight rated stocks in the group include Xilinx (XLNX), Nvidia (NVDA), Ambarella (AMBA), Amphenol (APH), NXP Semiconductors (NXPI), Broadcom (AVGO) and Intel (INTC) while their Underweights are Sensata (ST) and ON Semiconductor (ON).
News For XLNX;NVDA;AMBA;APH;NXPI;AVGO;INTC;ST;ON;SOX From the Last 2 Days
INTC
Jul 23, 2021 | 06:58 EDT
Mizuho analyst Vijay Rakesh lowered the firm's price target on Intel to $70 from $72 and keeps a Buy rating on the shares. The company reported "solid" June quarter results and raised its fiscal year outlook, Rakesh tells investors in a research note. While Intel has "multiple challenges," there is potential for outperformance into the second half of 2021 with new management, Ice Lake/Sapphire Rapids ramps, and a move to foundry, says the analyst.
INTC
Jul 23, 2021 | 06:26 EDT
Roth Capital analyst Suji Desilva lowered the firm's price target on Intel to $60 from $65 and keeps a Neutral rating on the shares. Intel reported Q2 EPS and revenue above consensus, reflecting strong demand and recovery across data center and client despite manufacturing supply constraints, Desilva tells investors in a research note. The analyst expects continued demand momentum throughout 2H21 offset by continued supply constraints.
INTC
Jul 22, 2021 | 18:50 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGSSnap... To see the rest of the story go to thefly.com. See Story Here
INTC
Jul 22, 2021 | 16:02 EDT
Previously guided to FY21 adjusted EPS of $4.60. Raises FY21 GAAP revenue view to $77.6B, non-GAAP revenue view to $73.5B, consensus $72.94B.
INTC
Jul 22, 2021 | 13:53 EDT
Notable companies reporting after the market close, with earnings consensus, include Intel (INTC), consensus $1.06... Snap (SNAP), consensus (1c)... Capital One (COF), consensus $4.61... Twitter (TWTR), consensus 7c.
ON
Jul 22, 2021 | 10:53 EDT
Shares of Texas Instruments (TXN) are under pressure on Thursday after the company reported better than expected second quarter results but gave muted current-quarter revenue guidance, raising concerns that the chipmaker will not be able to meet demand amid the ongoing semiconductor shortage. Following the news,... To see the rest of the story go to thefly.com. See Story Here
INTC, NVDA
Jul 22, 2021 | 09:40 EDT
Unusual total active option classes on open include: India Globalization Capital (IGC), Vaxart (VXRT), NVIDIA (NVDA), Etsy (ETSY), American Airlines (AAL), Gap (GPS), Activision Blizzard (ATVI), Clover Health (CLOV), CVS Health (CVS), and Intel (INTC).
NVDA
Jul 22, 2021 | 06:15 EDT
Citi analyst Atif Malik raised the firm's price target on Nvidia to $223 from $180 and keeps a Buy rating on the shares. The analyst updated his model post 4-for-1 stock split. He views any crypto driven gaming pull back in the second half of 2021 as a buying opportunity into 5nm Ampere Next product cycle in 2022 and Grace CPU in early 2023.
AVGO
Jul 21, 2021 | 11:05 EDT
Virtual Meeting to be held on July 21 at 12 pm hosted by Bernstein. Reference Link