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Siemens' Offer For Mentor Graphics A Positive For The Entire Electronic Design Space
Monday, November 14, 2016 - 12:25pm | 285Read More...Reuters reported that Siemens Software was close to entering into an agreement to acquire Mentor Graphics Corp (NASDAQ: MENT) in an all-cash deal that values the latter company at $4.5 billion–$4.6 billion. Credit Suisse’s Farhan Ahmad maintains an Outperform rating on Mentor Graphics,...
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Cadence Design System: A Fairly Priced Leader In Analog
Wednesday, October 19, 2016 - 10:24am | 347Read More...Credit Suisse’s Farhan Ahmad noted that Cadence Design Systems Inc (NASDAQ: CDNS) has achieved a robust turnaround, delivering solid revenue and earnings growth, led by a strong management team. However, the stock valuation is less attractive than that of some of its peers. Ahmad initiated...
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Synopsys Is A Software Company Trading At Semiconductor Valuations
Wednesday, October 19, 2016 - 9:14am | 417Read More...Credit Suisse has started coverage of Synopsys, Inc. (NASDAQ: SNPS) with an Outperform rating and $68 price target, as it expects the company to benefit from the shift of semi growth from consumer to IAI/IoT. Analyst Farhan Ahmad estimates Synopsys gets about 1 percent of semiconductor revenues...
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Credit Suisse On Mentor Graphics: Likes Compelling Valuation, M&A Optionality
Wednesday, October 19, 2016 - 8:33am | 370Read More...Credit Suisse’s Farhan Ahmad believes Mentor Graphics Corp (NASDAQ: MENT) is well positioned to witness a cyclical recovery in CY2017 and that the Street is underestimating the company’s growth potential. Ahmad initiated coverage of the company with an Outperform rating and price target...
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KLA-Tencor And Lam Research Terminate Proposed Merger; Credit Suisse Not Surprised
Thursday, October 6, 2016 - 12:02pm | 344Read More...KLA-Tencor Corp (NASDAQ: KLAC) announced after Wednesday's market close that it has agreed to terminate its proposed merger agreement with Lam Research Corporation (NASDAQ: LRCX). The U.S. Department of Justice (DoJ) told KLA-Tencor that it won't continue with a consent decree that the parties had...
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4 Reasons Credit Suisse Remains Positive On Applied Materials
Friday, May 20, 2016 - 3:44pm | 416Read More...Shares of Applied Materials, Inc. (NASDAQ: AMAT) have climbed 12 percent after the company reported better-than-expected results and outlook. Positives Abound Credit Suisse analyst Farhan Ahmad, who has an Outperform rating on the stock, has outlined four reasons why he is positive on the...
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Data's 'Big Bang' Is Here
Tuesday, September 22, 2015 - 8:47am | 306Read More...Year-to-date, data plays, notably Tableau Software Inc (NYSE: DATA), Splunk Inc (NASDAQ: SPLK), and Lam Research Corporation (NASDAQ: LRCX), have underperformed. Credit Suisse said that each name has sales, earnings, quality and momentum that should lead it to outperform moving forward. Credit...
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These Analysts Just Slashed Their SanDisk Price Target
Friday, March 27, 2015 - 8:41am | 181Read More...Credit Suisse reviewed SanDisk Corporation (NASDAQ: SNDK) after the semiconductor company lowered its revenue forecast for its fiscal first quarter from $1.4-1.45 billion to $1.3 billion. The company also withdrew CY15 guidance. Credit Suisse analysts lowered their price target from $90 to...
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Credit Suisse Raises Price Target On Applied Materials
Tuesday, January 20, 2015 - 6:53pm | 213Read More...Credit Suisse raised its price target on Applied Materials, Inc. (NASDAQ: AMAT) from $26 to $30 Tuesday and maintained an Outperform rating. Analysts Farhan Ahmad and John W. Pitzer assumed coverage of the stock and expected “that the merger with Tokyo Electron (TEL) will close in C1H15...
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Credit Suisse Raises Price Target On Lam Research
Tuesday, January 20, 2015 - 6:48pm | 196Read More...Credit Suisse raised its price target on Lam Research Corporation (NASDAQ: LRCX) from $85 to $104 Tuesday and maintained an Outperform rating. Analysts Farhan Ahmad and John W. Pitzer assumed coverage of the stock and noted that the “company has $2bn (40 percent of CY13 rev) of SAM...
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Credit Suisse Downgrades Teradyne, Says Street Estimates Too High
Monday, January 12, 2015 - 4:19pm | 240Read More...Credit Suisse downgraded Teradyne, Inc. (NYSE: TER) from Outperform to Neutral with a $19.50 price target as analyst Farhan Ahmad assumed coverage of the stock Monday. Ahmad expected that Teradyne’s revenues will decline more than “10 percent in 2015 due to the SoC Test market...
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UPDATE: Credit Suisse Downgrades Teradyne On Risk To 2015 Estimates
Monday, January 12, 2015 - 7:48am | 113Read More...In a report published Monday, Credit Suisse analyst Farhan Ahmad downgraded the rating on Teradyne (NYSE: TER) from Outperform to Neutral, but reiterated the $19.50 price target. In the report, Credit Suisse noted, “We are downgrading TER to Neutral, as the stock is near our $19.50 target price and...
