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Citigroup: Sell Skyworks Solutions
Thursday, June 9, 2016 - 8:57am | 305Read More...Skyworks Solutions Inc (NASDAQ: SWKS) shares have declined 11 percent year-to-date, following the weak March quarter results. Citi’s Atif Malik downgraded the rating on the company from Neutral to Sell, while lowering the price target from $69.50 to $65.00. Malik believes that the stock...
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Citi Upgrades Qorvo On Improved Execution
Thursday, June 9, 2016 - 8:27am | 390Read More...Citi has upgraded Qorvo Inc (NASDAQ: QRVO) to Neutral from Sell on "improved execution in integration/share gains and higher proliferation of carrier aggregation design wins." "We believe QRVO can sustain the $ content gain momentum in GS7 and iPhone SE gained this year," analyst Atif Malik wrote...
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Citi Downgrades Skyworks Amid 'Lower Carrier Aggregation Opportunity'
Tuesday, March 29, 2016 - 8:35am | 242Read More...Citi’s Atif Malik downgraded the rating for Skyworks Solutions Inc (NASDAQ: SWKS) from Buy to Neutral, with a price target of $78. The analyst commented that the stock’s risk-reward seemed more balanced now, following the rally after the GS7 and iPhone SE launch. He added that the...
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Citi: Atmel's Valuation Means Silicon Labs Is Worth $50
Friday, February 5, 2016 - 11:24am | 362Read More...Citi recently issued a report on Silicon Laboratories (NASDAQ: SLAB) after the company beat Wall Street EPS expectations for the December quarter and offered guidance for the March quarter that was in line with expectations. Currently, analysts at Citi rate Silicon Labs as a Buy with a lowered...
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Citi Downgrades Intersil, Cuts Marvell Estimates On Poor PC Market
Wednesday, February 3, 2016 - 10:29am | 539Read More...Intersil Corp (NASDAQ: ISIL) shares have climbed 6 percent since January 27, while shares of Marvell Technology Group Ltd. (NASDAQ: MRVL) are up 4 percent. Citi’s Atif Malik now has a Sell rating for both the companies. Weakening PC fundamentals have resulted in a cautious view on...
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Lam Research Is Citi's No. 1 Semiconductor Pick; Applied Materials Downgraded
Friday, October 23, 2015 - 11:17am | 420Read More...Lam Research Corporation (NASDAQ: LRCX) shares are down 8 percent year-to-date, while shares of Applied Materials, Inc. (NASDAQ: AMAT) have plunged 34 percent. Citi’s Atif Malik maintained a Buy rating on Lam, while downgrading the rating on Applied Materials from Buy to Neutral....
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Citi: Buy Skyworks Over Qorvo
Friday, October 2, 2015 - 12:54pm | 476Read More...Shares of Skyworks Solutions Inc (NASDAQ: SWKS) have gained more than 50 percent from a year ago, while shares of Qorvo Inc (NASDAQ: QRVO) are down nearly 40 percent over the same period. Atif Malik initiated coverage of Skyworks with a Buy rating and $115 price target, while Qorvo was initiated...
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Lam Research: 'Any One Customer Can Now Impact Us'
Friday, July 31, 2015 - 4:10pm | 391Read More...Lam Research Corporation (NASDAQ: LRCX) recently reported better than expected quarterly earnings with EPS of $1.50, beating analysts' estimate of $1.47. The company was also picked by Citi analyst Atif Malik as his top pick in the semiconductor space, in a research note released Tuesday....
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Pair Trade? Lam Research Named Citi's Top Semiconductor Pick While KLA-Tencor Is Downgraded To Sell
Tuesday, July 28, 2015 - 10:13am | 493Read More...In a report published Tuesday, Citi analyst Atif Malik named Lam Research Corporation (NASDAQ: LRCX) as a top pick in the Semiconductor space given the company's "outsized" top-line growth expectations. According to Malik, 3D NAND spend is expected to rise 28 percent year-over-...
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Citi Calls Rambus 'Top Pick,' Sees Big License Deal Pending
Thursday, June 25, 2015 - 11:52am | 361Read More...Rambus Inc. (NASDAQ: RMBS) is likely to soon sign a major license deal, according to an analyst who highlighted the company in a research note Thursday. The memory chip maker gained about 2 percent recently, trading at $15.17. Intel Corporation (NASDAQ: INTC) will probably sign a deal with...
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Take Advantage Of Weakness In Semiconductors, Citigroup Says
Tuesday, June 2, 2015 - 11:28am | 462Read More...In a report published Tuesday, Citigroup analyst Atif Malik commented that investor concern within the semiconductor space continues with a focus on additional capital expenditure cuts on weak PC demand and DRAM oversupply. Malik reviewed and answered key investor questions: Will Memory Capex...
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Citi: Sell Marvell, It's A 'Value Trap'
Friday, May 29, 2015 - 9:17am | 192Read More...In a report published Friday, Citi analyst Atif Malik initiated coverage of Marvell Technology Group Ltd. (NASDAQ: MRVL) with a Sell rating and $13 price target. The stock has underperformed the SOX year-to-date, while the company's PC and emerging market handset businesses appear to have weak...
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Apple's Quarter A Positive Read For Avago Technologies, Citi Says
Tuesday, April 28, 2015 - 12:14pm | 348Read More...Avago Technologies Ltd (NASDAQ: AVGO) should post modest sales growth for the current quarter, in spite of a 19 percent sequential decline forecast by its largest customer, Apple Inc. (NASDAQ: AAPL), an analyst said Tuesday. Citi's Atif Malik reiterated a Buy rating and $160 target on the...
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Citi Downgrades KLA Tencor Despite Strong Results
Friday, April 24, 2015 - 2:06pm | 243Read More...Shares of KLA-Tencor Corp (NASDAQ: KLAC) were down about 2 percent on Friday after the company reported better than predicted fiscal third quarter financial results, but provided guidance below expectations. Citi analysts Atif Malik and Amanda Scarnati downgraded the stock from Buy to Neutral on...
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Analyst: 3 Chip Makers Put More Gear In Latest Samsung Phone
Tuesday, March 10, 2015 - 7:15am | 295Read More...Three specialty chip makers have probably picked up significant business related to the newly unveiled Galaxy S6 smartphone from Samsung Electronics Ltd. (OTC: SSNLF). The phone debuted with generally favorable reviews at a trade show March 1 and is expected to go on sale April 10. Citi's...
