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Why This Microchip Technology Analyst Is Turning Bullish
Monday, October 19, 2020 - 11:50am | 256The significant underperformance in Microchip Technology Inc’s (NASDAQ: MCHP) stock presents an attractive buying opportunity for “one of the best operators at a discount to the group,” according to Morgan Stanley. The Microchip Technology Analyst: Craig Hettenbach upgraded...
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Bullish Broadcom Analysts Lift Price Targets, Highlight Execution, iPhone Exposure
Friday, September 4, 2020 - 3:57pm | 886Broadcom Inc (NASDAQ: AVGO) reported strong quarterly results Thursday, sending the semiconductor stock higher. The Broadcom Analysts: BofA Securities analyst Vivek Arya reiterated a Buy rating on Broadcom shares and upped the price target from $400 to $450. UBS analyst Timothy Arcuri...
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Why Cree Analysts Are Lifting Price Targets Despite Post-Q4 Selloff
Wednesday, August 19, 2020 - 4:41pm | 498Lighting company Cree, Inc. (NASDAQ: CREE) reported mixed fiscal fourth-quarter results Tuesday that prompted a selloff in the stock, but two Street analysts see a brighter future. The Cree Analysts: Piper Sandler analyst Harsh Kumar maintains a Neutral rating on Cree's stock with a...
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ON Semiconductor Analysts Lift Price Targets After Q2 Results, See Revenue Recovery In 2021
Tuesday, August 11, 2020 - 2:34pm | 717ON Semiconductor Corp (NASDAQ: ON) reported forecast-beating second-quarter results Monday and guided to an in-line third quarter. The ON Semiconductor Analysts: Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on On Semiconductor shares and increased the price target...
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Marvell's Valuation Keeps Morgan Stanley At Bay, While NXP Impresses With Growth Drivers, Returns
Wednesday, December 4, 2019 - 12:09pm | 634Infrastructure semiconductor solutions provider Marvell Technology Group Ltd. (NASDAQ: MRVL) reported in-line fiscal third-quarter earnings but guided the fourth quarter lower. The company also announced securing of all necessary regulatory approvals for the proposed sale of its wireless...
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Analysts Like Nvidia's EGX Edge Supercomputing Platform, 5G Opportunity
Tuesday, October 22, 2019 - 11:15am | 517NVIDIA Corporation (NASDAQ: NVDA)’s CEO delivered the keynote address at Monday’s Mobile World Congress — and he certainly made an impression. The Analysts Bank of America analysts led by Vivek Arya maintained a Buy rating and $250 price target. Morgan Stanley analysts Joseph...
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Broadcom Falls, But Analysts Optimistic Chip Demand Has Bottomed And Acquisitions Will Help
Friday, September 13, 2019 - 2:12pm | 744Broadcom Inc's (NASDAQ: AVGO) slight miss on revenue, a semiconductor demand trough and trade difficulties with China had investors selling the stock off Friday, but sell-side analysts remained bullish, saying the trough has bottomed and the company can weather the international storm. While...
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KeyBanc, Morgan Stanley Break Down Analog Devices
Thursday, August 22, 2019 - 2:09pm | 446Analog Devices, Inc. (NASDAQ: ADI) reported Wednesday morning fiscal third-quarter results, which came in better than management expected although against previously reduced guidance. Here is a summary of how two of the Street's top analysts reacted to the print. The Analysts Morgan Stanley...
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ON Semiconductor Analysts Weigh In After 'Painful Reset' In Q2
Tuesday, August 6, 2019 - 11:51am | 497ON Semiconductor Corp (NASDAQ: ON) shares were trading lower Tuesday after the company reported a mixed second quarter. ON reported in-line EPS of 42 cents, but revenue declined 7% to $1.348 billion, short of analyst expectations. ON said demand in China and the rest of Asia is weak as the trade...
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Symantec Shares Are Flying On Report Broadcom Is Eyeing A Takeover
Wednesday, July 3, 2019 - 8:42am | 366Broadcom Inc (NASDAQ: AVGO) is reportedly eyeing an acquisition of cybersecurity company Symantec Corporation (NASDAQ: SYMC), sources told Bloomberg. Broadcom is potentially looking to buy Symantec to gain exposure to the more profitable software business, according to Bloomberg. Morgan Stanley...
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Analysts: Broadcom's Reduced Outlook Due More To Caution Than Broader Weakness
Friday, June 14, 2019 - 4:40pm | 802Broadcom Inc (NASDAQ: AVGO) reported Thursday after the close with below-consensus second-quarter revenue and also cut its full-year forecast, sending the stock lower. The Analysts Raymond James analyst Chris Caso reiterated a Market Perform rating on Broadcom. Morgan Stanley analyst Craig...
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Morgan Stanley Upgrades NXP Semiconductor: 'We See A Stock Multiple With A Disproportionate Skew Higher'
Wednesday, June 12, 2019 - 10:55am | 355NXP Semiconductors NV (NASDAQ: NXPI), which is coming off a failed takeover bid from QUALCOMM, Inc. (NASDAQ: QCOM), is a buy, according to Morgan Stanley. The Analyst Craig Hettenbach upgraded NXP from Equal-weight to Overweight and upped the price target from $99 to $114. The Thesis NXP...
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Analysts Discuss Broadcom's New Supply Agreement With Apple
Tuesday, June 11, 2019 - 11:15am | 409Broadcom Inc (NASDAQ: AVGO) confirmed Monday in a regulatory filing a new two-year agreement to supply Apple Inc. (NASDAQ: AAPL) with radio-frequency components for its smartphones, tablets and watches. The Analysts Morgan Stanley's Craig Hettenbach maintains an Equal-Weight rating on Broadcom...
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Analysts: Huawei Export Ban To Drag Skyworks In 2019, Beyond
Wednesday, June 5, 2019 - 3:38pm | 538Skyworks Solutions Inc (NASDAQ: SWKS) lowered its fiscal third-quarter revenue guidance Tuesday, citing the impact from export restrictions imposed by the Commerce Department on Huawei. The Analysts KeyBanc Capital Markets analyst John Vinh maintained his Sector Weight rating on the shares of...
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Morgan Stanley Says Worst Of Smartphone Weakness Is Behind Skyworks
Friday, May 3, 2019 - 3:14pm | 362Apple Inc. (NASDAQ: AAPL) supplier Skyworks Solutions Inc (NASDAQ: SWKS) on Thursday reported above-consensus fiscal second-quarter earnings. The guidance for the third quarter was in line. The Analyst Morgan Stanley analyst Craig Hettenbach maintained an Equal-weight rating on Skyworks and...