Gary Mobley

Shares of Qualcomm Inc (NASDAQ: QCOM) have lost more than 36% year to date. The stock is likely to continue trading at a discount to peers, especially due to the current weakness in the smartphone market, according to Wells Fargo. The Analyst: Gary Mobley downgraded the rating for Qualcomm from...

PepsiCo, Inc. (NASDAQ: PEP) reported third-quarter results Wednesday that were ahead of expectations and raised its outlook for the full year. The company’s sales grew 8.8% year-over-year to $21.97 billion, topping the consensus estimate of $20.81 billion, while core earnings grew...

Following the recent market selloff, Marvell Technology Inc’s (NASDAQ: MRVL) share price shows that a “healthy amount of pessimism” has already been priced in, according to Wells Fargo Securities. The Marvell Technology Analyst: Gary Mobley upgraded Marvell Technology from Equal...

Analysts sized up the third-quarter results from Qualcomm Inc (NASDAQ: QCOM) and what the fourth-quarter guidance could mean for the company and its share price. The Qualcomm Analysts: Wells Fargo analyst Gary Mobley has an Equal Weight rating on Qualcomm and raised the price target from...

ON Semiconductor Corp (NASDAQ: ON) has the opportunity to become one of the leading suppliers of silicon carbide (SiC) power devices to the electric vehicle market, according to Wells Fargo. The ON Semiconductor Analyst: Gary Mobley upgraded the rating for ON Semiconductor from Equal-Weight to...

Qualcomm, Inc. (NASDAQ: QCOM) reported second-quarter revenue of $11.16 billion Wednesday, a whopping 41% expansion driven by Android phone chip sales. The company posted earnings of $3.21 per share, up 69% year-over-year, crushing Street expectations. KeyBanc Capital Markets On Qualcomm:...

Reflecting on its May 4 initiation of QUALCOMM, Inc. (NASDAQ: QCOM) shares at Underweight, Wells Fargo Securities said it may have got the rating wrong. The Qualcomm Analyst: Gary Mobley upgraded Qualcomm from Underweight to Equal-Weight and increased the price target from $90 to $120. The...

NXP Semiconductors NV (NASDAQ: NXPI) shares have struggled to keep pace with tech peers in 2020, but one analyst said Tuesday now is the time for investors to step in and buy the stock. The NXP Analyst: Wells Fargo analyst Gary Mobley initiated coverage of NXP with an Overweight rating and a $...

Qualcomm, Inc’s (NASDAQ: QCOM) success limits its ability to gain the market share needed to grow in the smartphone space, which is mature and stagnant, according to Wells Fargo. The Qualcomm Analyst Gary Mobley initiated coverage of Qualcomm with an Underweight rating and $70 price target....

Apple Inc. (NASDAQ: AAPL) suppliers Qorvo Inc (NASDAQ: QRVO) and Skyworks Solutions Inc (NASDAQ: SWKS) are positioned to grow revenues despite the flatlining mobile device market, according an analyst at Wells Fargo. The Analyst Gary Mobley initiated coverage of shares of Qorvo and Skyworks with...

Marvell Technology Group Ltd. (NASDAQ: MRVL) has several catalysts, including increased adoption of application-specific integrated circuits (ASIC), reaccelerating data center capital expenditure and continued improvements in the sales of traditional storage controller integrated circuits,...

The market seems to underappreciate the secular tailwind for Diodes Incorporated (NASDAQ: DIOD) created by the consolidation of four major semiconductor companies, according to Wells Fargo. The Analyst Gary Mobley initiated coverage of Diodes with an Outperform rating and $55 price target. The...

CEVA, Inc.(NASDAQ: CEVA) would be an indirect beneficiary of the legal spat between Apple Inc. (NASDAQ: AAPL) and QUALCOMM, Inc. (NASDAQ: QCOM), according to a note from Benchmark. Qualcomm Vs. Intel: Thin Modems The Apple-Qualcomm litigation suggests souring relations between the two companies,...