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Citi Sees Analog Devices Shares As Fully Valued, Positive On Linear Acquisition
Wednesday, July 27, 2016 - 9:06am | 284Read More...Analog Devices, Inc. (NASDAQ: ADI) has agreed to acquire Linear Technology Corporation (NASDAQ: LLTC) in a cash and stock transaction that values the latter at $14.8 billion. Citi’s Christopher Danely downgraded the rating on Analog Devices from Buy to Neutral, while raising the price...
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Citi Continues To Expect A Beat And Raise Q2 From Intel
Tuesday, July 12, 2016 - 9:19am | 276Read More...Citi’s Christopher Danely expects Intel Corporation (NASDAQ: INTC) to report another beat and raise for the June quarter next week, which would drive the stock to trade higher. Danely reiterated a Neutral rating on the company, with a price target of $35. Beat And Raise Expectations The...
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Intel Price Target Raised To $35, Citi Cheers iPhone 7 Win
Thursday, June 30, 2016 - 7:26am | 317Read More...While channel checks indicate improved PC demand, Intel Corporation (NASDAQ: INTC) has also won iPhone 7 business from Apple Inc. (NASDAQ: AAPL), Citi’s Christopher Danely said in a report. He maintained a Neutral rating for Intel, while raising the price target from $31 to $35. The EPS...
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Intel: What Everyone On The Street Thinks
Wednesday, April 20, 2016 - 1:09pm | 1377Read More...Intel Corporation (NASDAQ: INTC) reported mixed Q1 results after Tuesday's close. Revenue came in at $13.8 billion, above the $13.7 billion consensus, but down 7 percent quarter-over-quarter. Gross margins came in at 62.7 percent, above company guidance of 62 percent, and EPS was six cents...
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Citi Remains Cautious On Semis Ahead Of Q1 Earnings
Monday, April 18, 2016 - 5:12pm | 420Read More...Christopher Danely of Citi remains cautious on the semiconductor sector and expects the sector to face headwinds for at least the first half of 2016. Citi's favorite stocks to buy now are Buy-rated Microchip Technology Inc. (NASDAQ: MCHP) and ON Semiconductor Corp (NASDAQ:ON). "We...
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Citi Boosts Analog Devices To Buy, Says 'Apple Win' Could Boost Earnings
Wednesday, September 30, 2015 - 12:43pm | 407Read More...Shares of Analog Devices, Inc. (NASDAQ: ADI) have lost more than 12 percent over the past three months despite gaining more than 13 percent from a year ago. Christopher Danely of Citi upgraded Analog Devices to Buy from Neutral with an unchanged $66 price target. Danely noted his bullish...
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Citi: Buy Semiconductors After 20% Selloff
Wednesday, August 26, 2015 - 1:58pm | 341Read More...Is it time for investors to buy semiconductor stocks following the recent selloff? At least one analyst is saying it is. Christopher Danely of Citi commented in a note on Wednesday that semiconductor stocks have sold off more than 20 percent and are now favorable from a risk/reward point of view....
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Citi Gauges Fairchild 'Fallout,' Says It's Bad For These Stocks
Friday, July 17, 2015 - 11:39am | 406Read More...In a report published Friday, Citi analyst Christopher Danely discussed what impact Fairchild Semiconductor Intl Inc (NASDAQ: FCS)'s second quarter report has on the entire semiconductor space. Fairchild's second quarter revenue fell short of expectations due to softness from China, the...
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AMD's High Cash Burn 'Concerns' Citigroup Analysts
Friday, July 17, 2015 - 10:27am | 218Read More...In a report published Friday, Citi analyst Christopher Danely reiterated a Sell rating on Advanced Micro Devices, Inc. (NASDAQ: AMD), while lowering the price target from $2.00 to $1.50. The analyst expressed concern regarding the continued loss of share and money in AMD's core PC MPU and...
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How'd Semiconductor Earnings Season Play Out?
Tuesday, May 5, 2015 - 11:18am | 433Read More...Citi commented on semiconductor stocks following the Q1 earnings season. Analysts led by Christopher Danely noted that currency headwinds were “negatively impacting the semiconductor sector a little worse than we expected,” and the analysts believed semiconductor stocks “could...
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Semiconductor Shipments Are Weak (Because Of PCs)
Tuesday, April 21, 2015 - 12:25pm | 316Read More...In a report published Monday, Citigroup analyst Christopher Danely noted that a Mercury Research study into microprocessor shipments in the first quarter declined 17 percent from the previous quarter to 71.3 million, marking the lowest shipment total since the first quarter 2009. Danely said that...
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Altera Shareholders Cadian, TIG Said To Push Sale To Intel; What's The Street Saying Before Earnings?
Tuesday, April 14, 2015 - 11:08am | 355Read More...Altera Corporation (NASDAQ: ALTR) shareholders, including Cadian Capital Management and TIG Advisors, have urged the company’s management to consider re-opening merger negotiations with Intel Corporation (NASDAQ: INTC), according to a Bloomberg report. According to sources, letters from...
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Wall Street: Intel-Altera Deal Not Over 'Til It's Over
Friday, April 10, 2015 - 11:38am | 425Read More...Altera Corporation (NASDAQ: ALTR)'s board may get pressured to revisit its decision to reject a $54 a share offer from Intel Corporation (NASDAQ: INTC), analysts said Friday. The market gave some support to that view, with Altera opening sharply lower on the news Thursday, but then gaining...
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This Tweet Just Punished Intel, Altera Shares
Thursday, April 9, 2015 - 9:47am | 218Read More...Shares of Intel Corporation (NASDAQ: INTC) fell approximately 3 percent to $30.40 in Thursday’s pre-market following a tweet from CNBC’s David Faber: Intel has ended talks to acquire Altera $INTC made all cash offer in "low $50's and was rejected. Talks has taken place for...
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Would An Intel-Altera Merger Be Good For Shareholders?
Monday, March 30, 2015 - 8:46am | 252Read More...In a report published Monday, Citigroup analyst Christopher Danely commented on reports that Intel Corporation (NASDAQ: INTC) is in negotiations to acquire Altera Corporation (NASDAQ: ALTR). "We believe the acquisition would be positive for Intel and Altera's competitor, Xilinx,"...
