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Advanced Micro Devices Performing Well With New CEO At The Helm
Sunday, October 23, 2016 - 12:29pm | 282Read More...BMO Capital Markets said Advanced Micro Devices, Inc. (NASDAQ: AMD) is executing well under the new CEO after the third-quarter revenue beat estimates and the fourth-quarter estimate is also above on an absolute basis. Advanced Micro Devices' revenues of $1.31 billion for were well above BMO...
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BMO On Intel's Q3:'We Still Aren't Fans Of The Stock'
Wednesday, October 19, 2016 - 8:41am | 306Read More...Intel Corporation (NASDAQ: INTC) has once again lowered the 2016 outlook for its DCG business. While expressing concern regarding the company’s ability to hit the DCG target, BMO Capital Markets’ Ambrish Srivastava said in a report that ASPs in DCG had continued to deteriorate,...
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Analog Devices, Linear Combine To Form 'Powerhouse,' Says BMO
Monday, August 1, 2016 - 3:03pm | 417Read More...BMO has raised its price target on Analog Devices, Inc. (NASDAQ: ADI) to $85 from $65 following its $14.8 billion acquisition of Linear Technology Corporation (NASDAQ: LLTC), saying the combined entity will be "another analog powerhouse" after Texas Instruments Incorporated (NASDAQ: TXN). BMO is...
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Maxim's Valuation No Longer Attractive; BMO Lowers To Market Perform
Tuesday, July 19, 2016 - 4:19pm | 236Read More...With the valuation of Maxim Integrated Products Inc. (NASDAQ: MXIM) having improved and the company taking several right strategic steps, BMO Capital Markets lowered its rating on the chipmaker to Market Perform from Outperform. That said, the firm maintained its price target on shares at $39,...
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BMO Prefers Qorvo Over Skyworks Solutions
Friday, May 27, 2016 - 3:51pm | 403Read More...BMO prefers Qorvo Inc (NASDAQ: QRVO) over Skyworks Solutions Inc (NASDAQ: SWKS) on valuation metrics, while initiating coverage of Skyworks at Market Perform with a $69 price target. "Along with Broadcom Ltd., and Qorvo, Skyworks is one of the 'three horsemen' in the RF semi space," analyst Ambrish...
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BMO's Ambrish Srivastava Explains Intel Downgrade
Tuesday, June 2, 2015 - 4:20pm | 357Read More...While many on the Street are applauding Intel Corporation (NASDAQ: INTC) for announcing its acquisition of Altera Corporation (NASDAQ: ALTR), BMO Capital’s Ambrish Srivastava downgraded Intel from Outperform to Market Perform on Tuesday citing the very same deal. Srivastava was on CNBC...
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Not Everyone On Wall Street Likes Intel's Altera Deal
Tuesday, June 2, 2015 - 10:58am | 374Read More...Intel Corporation (NASDAQ: INTC) on Monday announced the acquisition of Altera Corporation (NASDAQ: ALTR) for total value of about $16.7 billion. The consensus among Wall Street analysts, however, is that Intel overpaid in this deal. UBS' Stephen Chin reiterated his Buy rating after the deal...
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BMO Capital Downgrades Intel, Questions Rationale Of Altera Acquisition
Tuesday, June 2, 2015 - 8:54am | 240Read More...In a report published Tuesday, BMO Capital analyst Ambrish Srivastava downgraded the rating on Intel Corporation (NASDAQ: INTC) from Outperform to Market Perform, while reducing the price target from $40 to $33, following Intel's announcement of its acquisition of Altera Corporation (NASDAQ:...
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UPDATE: BMO Capital Raises PT on Analog Devices Following In-Line FY3Q Results
Wednesday, August 21, 2013 - 11:12am | 163Read More...In a report published Wednesday, BMO Capital Markets analyst Ambrish Srivastava reiterated a Market Perform rating on Analog Devices (NASDAQ: ADI), and raised the price target from $45.00 to $47.00. In the report, BMO Capital Markets noted, “ADI reported FY3Q results largely in line with our...
