Ambrish Srivastava

Intel Corporation (NASDAQ: INTC)’s analyst day detailed positive prospects for free cash flow, capital allocation, and operating margins. But insight on gross margins was startling. The Rating BMO Capital Markets analyst Ambrish Srivastava downgraded Intel from Outperform to Market Perform...

Qorvo Inc (NASDAQ: QRVO) stock traded higher by 6 percent Wednesday after the company easily beat fiscal fourth-quarter earnings and revenue estimates. Qorvo reported revenue of $681 million, gross margin of 48.2 percent and operating income of $167 million. Qorvo said the fourth quarter was even...

Micron Technology, Inc. (NASDAQ: MU) shares traded higher by 9 percent Thursday after the chipmaker reported second-quarter earnings and revenue beats. The results were a pleasant surprise for investors concerned about the impact of a memory supply glut glut driven by a softening global smartphone...

Pair trading is a market-neutral strategy that matches a long position in an asset with an offsetting position in another asset, with both being highly correlated. An analyst at BMO Capital Markets recommended a pair trade in the semiconductor sector Monday, recommending buying ON Semiconductor...

NVIDIA Corporation (NASDAQ: NVDA) stock jumped 9 percent after hours Thursday after the company reported earnings and revenue beats. Nvidia reported fourth-quarter revenue of $2.21 billion, slightly above consensus estimates but down 24 percent from a year ago. Nvidia said it expects fiscal 2020...

Apple Inc. (NASDAQ: AAPL) supplier Skyworks Solutions Inc (NASDAQ: SWKS) reported in-line first-quarter results and announced a $2-billion stock buyback program Tuesday.  The Analysts BMO Capital Market's Ambrish Srivastava maintained an Outperform rating on Skyworks and raised...

Although Micron Technology, Inc. (NASDAQ: MU)'s fundamentals are still fluid, the stock has an attractive valuation, according to BMO Capital Markets. The Analyst Analyst Ambrish Srivastava upgraded Micron from Market Perform to Outperform and hiked the price target from $32 to $50. The...

Despite the sell-side's neutral take ahead of Broadcom Inc (NASDAQ: AVGO)'s fiscal-year fourth-quarter results, the company beat earnings estimates and issued upbeat revenue guidance for the full-year 2019. The company declared a $2.65 per share dividend, up from the prior $1.75 dividend....

Chipmaker Nvidia Corporation (NASDAQ: NVDA) reported Thursday its third-quarter results in which revenue fell short of expectations and management's guidance for the fourth quarter also missed. Here is a summary of how some of the Street's top analysts reacted to the print and the stock...

Marvell Technology Group Ltd. (NASDAQ: MRVL) received another positive endorsement Tuesday from BMO Capital Markets after Friday's upgrade by Stifel.  The Analyst Analyst Ambrish Srivastava upgraded Marvell Tech from Market Perform to Outperform with a $24 price target, suggesting...

NVIDIA Corporation (NASDAQ: NVDA) is scheduled to report its second-quarter results after Thursday's close. Analysts, on average, expect EPS of $1.66 on revenue of $3.1 billion. The Analysts BMO Capital Markets' Ambrish Srivastava maintains a Market Perform rating on Nvidia with an...

Micron Technology, Inc. (NASDAQ: MU) stock was trading 2.5 percent higher Thursday afternoon following a slew of bullish ratings from Wall Street. The company posted a third-quarter earnings beat and guidance for the fourth quarter above consensus estimates. The Street Weighs In Despite...

NVIDIA Corporation (NASDAQ: NVDA)'s analyst day is Tuesday, and it's likely to be upbeat, according to BMO Capital Markets.   Nvidia will likely highlight the drivers in its gaming, data center and auto businesses and update shareholders on key financial numbers, analyst Ambrish...

Micron Technology, Inc. (NASDAQ: MU) has been on an incredible run so far in 2018, surging 48.7 percent year-to-date. Analysts who weren’t on board the Micron train at the beginning of the year have been forced to play catch-up with their estimates, a phenomenon that could make the stock a...

Skyworks Solutions Inc (NASDAQ: SWKS) reported better-than-expected fiscal 2018 first-quarter results Monday and issued upbeat guidance for the second quarter. The company announced a $1-billion stock buyback plan and raised its cash return targets. The Analyst BMO Capital Markets analyst...