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Intel On A Path To Becoming Formidable Player In Autos
Tuesday, March 14, 2017 - 11:15am | 397Read More...Intel Corporation (NASDAQ: INTC) will acquire Mobileye NV (NYSE: MBLY) for $15.3 billion or $63.54 per share, representing a premium of 34 percent to Mobileye’s closing price on March 10. Summit Redstone’s Jagadish Iyer mentioned that Intel intends to fund the transaction in cash from...
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Ambarella's Growth Fails To Impress, Analyst Sees 'Rough Road' Ahead
Wednesday, March 1, 2017 - 4:12pm | 409Read More...Summit Redstone downgraded Ambarella Inc (NASDAQ: AMBA) to Hold from Buy as it sees more downside risks to revenue and earnings due to strengthening competition. Despite reporting better-than-expected results for the fourth quarter, Ambarella expects first quarter revenues at $62.5-$64.5 million,...
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Micron's Inflection Point: Summit Redstone Upgrades From Sell To Buy
Thursday, December 22, 2016 - 8:48am | 324Read More...Micron Technology, Inc. (NASDAQ: MU) is facing favorable industry dynamics and DRAM gross margins seem to have bottomed out and could “inflect higher going into FY17.” Summit Redstone Partners’ Jagadish Iyer upgraded the rating on the company from Sell to Buy, while...
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Redstone's Iyer: Short Micron, Still Headwinds
Thursday, March 31, 2016 - 12:49pm | 274Read More...Despite a 61.7 percent selloff in the past year, Redstone analyst Jagadish Iyer believes Micron Technology, Inc. (NASDAQ: MU) is still facing some stiff headwinds. Micron's most recent quarterly earnings report included weak revenue on a 9.0 percent quarter-over-quarter decline in DRAM, a 10....
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SunEdison Semi Downgraded At Macquarie, At Odds With Redstone Analyst
Thursday, March 10, 2016 - 11:56am | 329Read More...Sunedison Semiconductor Ltd (NASDAQ: SEMI) is down more than 5 percent on the day following Wednesday's earnings release and call. Prior to the release, Redstone upgraded the company from a previous Sell rating to Positive, while increasing the price target from $6.50 to $13. The firm...
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Mixed Response from Analysts Following Intel's Investor Day
Friday, November 22, 2013 - 2:11pm | 410Read More...Analysts report mixed responses following Intel (NASDAQ: INTC) investor day on Thursday. CEO Brian Krzanich said that he plans to expand the company's small contract manufacturing business and added that the company will go much broader in foundry business. Intel is expected to offer a new high-...
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Piper Jaffray Comments on Intel Following Company Analyst Day
Friday, November 22, 2013 - 11:34am | 189Read More...In a report published Friday, Piper Jaffray analyst Jagadish Iyer commented on recent developments related to Intel Corporation (NASDAQ: INTC). In the report, Piper Jaffray noted, “Intel indicated that it expects its 2014 capex to be flat y/y at $11bn (PJC: $9bn) with ~$7bn being earmarked for...
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Piper Jaffray Reiterates on SunEdison on Significant Upside Ahead
Thursday, November 7, 2013 - 12:39pm | 193Read More...In a report published Thursday, Piper Jaffray analyst Jagadish Iyer reiterated an Overweight rating and $17.00 price target on SunEdison (NYSE: SUNE). In the report, Piper Jaffray noted, “Post 3Q13 results, it is evident that SUNE's semi business profitability is putting a dent in overall...
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UPDATE: Piper Jaffray Upgrades GT Advanced Technologies on Supply Agreement with Apple
Tuesday, November 5, 2013 - 12:22pm | 181Read More...In a report published Tuesday, Piper Jaffray analyst Jagadish Iyer upgraded the rating on GT Advanced Technologies (NASDAQ: GTAT) from Neutral to Overweight, and raised the price target from $5.00 to $12.00. In the report, Piper Jaffray noted, “We are upgrading GTAT to OW and increasing our PT to...
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UPDATE: Piper Jaffray Upgrades Sunedison Ahead of Multiple Positive Factors
Tuesday, November 5, 2013 - 11:30am | 198Read More...In a report published Tuesday, Piper Jaffray analyst Jagadish Iyer upgraded the rating on Sunedison (NYSE: SUNE) from Neutral to Overweight, and raised the price target from $6.00 to $17.00. In the report, Piper Jaffray noted, “We are upgrading shares of SunEdison to OW and increasing our PT to $...
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UPDATE: Piper Jaffray Downgrades Corning on Multiple Negative Factors
Friday, October 11, 2013 - 11:32am | 189Read More...In a report published Friday, Piper Jaffray analyst Jagadish Iyer downgraded the rating on Corning (NYSE: GLW) from Overweight to Neutral, and lowered the price target from $19.00 to $14.00. In the report, Piper Jaffray noted, “We are downgrading Corning to Neutral and reducing our PT to $14 as we...
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UPDATE: Piper Jaffray Upgrades Cognex Following Upbeat Analyst Day
Wednesday, September 11, 2013 - 11:49am | 196Read More...In a report published Wednesday, Piper Jaffray analyst Jagadish Iyer upgraded the rating on Cognex Corporation (NASDAQ: CGNX) from Underweight to Neutral, and raised the price target from $34.00 to $58.00. In the report, Piper Jaffray noted, “We are upgrading shares of CGNX from UW to Neutral with...
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UPDATE: Piper Jaffray Downgrades Edwards Group to Neutral Following Atlas Copco Merger Announcement
Tuesday, August 20, 2013 - 12:35pm | 164Read More...In a report published Tuesday, Piper Jaffray analyst Jagadish Iyer downgraded the rating on Edwards Group Ltd. (NASDAQ: EVAC) from Overweight to Neutral, and lowered the price target from $12.00 to $10.00. In the report, Piper Jaffray noted, “Edwards announced this morning that it has entered into...
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UPDATE: Piper Jaffray Raises PT on Acuity Brands on Promising Outlook
Wednesday, July 3, 2013 - 11:23am | 193Read More...In a report published Wednesday, Piper Jaffray analyst Jagadish Iyer reiterated a Neutral rating on Acuity Brands (NYSE: AYI), and raised the price target from $67.00 to $72.00. In the report, Piper Jaffray noted, “AYI beat expectations for F3Q13 (May qtr.) and maintains its growth outlook for...
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Analysts See Opportunity in Micron Technology on Strong Reports and Higher Q4 Guidance
Thursday, June 20, 2013 - 2:26pm | 608Read More...In reports published on Thursday, multiple analysts saw buying opportunities in Micron Technology (NASDAQ: MU) following a third quarter that came in ahead of estimates and stronger fourth quarter guidance. Analysts from JP Morgan, Morgan Stanley, Bank of America, Piper Jaffray, Wedbush, Stifel...
