BofA analyst Vivek Arya downgraded Xilinx to Underperform from Neutral with a price target of $100, down from $105 as part of a broader research note on U.S. semiconductors, citing increasing competitive risks in 5G from Marvell (MRVL) and from Nvidia (NVDA) and cloudinsourcing in AI. The analyst said Nvidia and Inphi (IPHI) are his top picks in computing, and he also likes Intel (INTC), AMD (AMD) and Marvell.
News For XLNX;NVDA;IPHI;INTC;AMD;MRVL From the Last 2 Days
Barclays analyst Blayne Curtis lowered the firm's price target on Intel to $50 from $58 and keeps an Underweight rating on the shares. The Q2 beat led by data center was a positive but data center is still down this year and the fiscal year guide implies little upside to the rest of the year, Curtis tells investors in a research note. The analyst says he continues to struggle with the "sunny outlook from management" when the "PC market is already correcting, process struggles continue, and the Foundry strategy makes little sense to us."
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.
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.
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.
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).
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.