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From Mobileye Purchase To 5G Modems, Intel's Investments Could Hurt Chances Of Positive Returns
Wednesday, March 15, 2017 - 11:56am | 421Read More...Intel Corporation (NASDAQ: INTC) announced that it was acquiring Mobileye NV (NYSE: MBLY), with the deal expected to close over the next nine months. Canaccord Capital’s Matthew Ramsay maintained a Hold rating on Intel, with a price target of $38. Impact Of Acquisition Expressing a mixed...
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Ambarella And Life After GoPro
Wednesday, March 15, 2017 - 10:00am | 277Read More...Canaccord Genuity’s Matthew Ramsay maintained his Buy rating on Ambarella Inc (NASDAQ: AMBA), saying that life after GoPro Inc (NASDAQ: GPRO) would be driven by its computer vision roadmap, with applications across security, drone and automotive cameras. “Despite near-term growth...
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AMD Management Is Laser-Focused, Intends To Gain Market Share On Strong Execution
Friday, March 10, 2017 - 8:30am | 397Read More...Following a series of focused investor meetings with Advanced Micro Devices, Inc. (NASDAQ: AMD) CEO Dr. Lisa Su, Canaccord Genuity said the management message to investors was laser-focused and consistent. The message relayed was this –- AMD is fully committed to delivering a highly...
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What To Expect From Semiconductor Earnings This Week
Sunday, January 29, 2017 - 5:57pm | 767Read More...The market is readying itself for a slew of semiconductor earnings this week that comes amid secular declines in PC and tablet markets along with a saturating global smartphone unit growth. “[W]e continue to focus on pockets of solid semiconductor growth in market subsectors including: 1...
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The Bull And Bear Case For Intel Following Strong Q4
Saturday, January 28, 2017 - 3:26pm | 306Read More...Matthew Ramsay of Canaccord Genuity reaffirmed his Buy rating on Intel Corporation (NASDAQ: INTC) after the chip giant reported fourth quarter results above consensus expectations, driven by strength in PC ASPs as well as strong sales in Memory and IoT. For the first quarter, Intel sees $14.8...
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NVIDIA's Transformation Is Complete; Canaccord Lifts Price Target To $80
Monday, November 7, 2016 - 11:35am | 329Read More...Canaccord Genuity’s Matthew Ramsay expects the Pascal GPU to drive meaningful upside for NVIDIA Corporation (NASDAQ: NVDA), as compared to the consensus expectations for the October quarter, as well as guidance and results for the January quarter. Ramsay reiterated a Buy rating on the...
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Canaccord Talks Ambarella's Strong Results, Conservative Guidance And GoPro Headwinds
Friday, September 2, 2016 - 12:32pm | 371Read More...Ambarella Inc (NASDAQ: AMBA) delivered some impressive Q2 numbers on Thursday. Despite the market’s negative reaction, Canaccord analyst Matthew Ramsay remains bullish on the stock. Ambarella delivered non-GAAP EPS of $0.54 on revenue of $65.1 million in Q2. Both numbers beat consensus...
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Advanced Micro Devices Gets A Price Target Bump At Canaccord
Thursday, August 25, 2016 - 2:09pm | 397Read More...Canaccord Genuity has reiterated its Buy rating and raised its price target by $1 to $8.50 on Advanced Micro Devices, Inc. (NASDAQ: AMD) shares given gradually increasing confidence in the CPU and GPU roadmaps. The brokerage is also positive on 14nm yields at partner Global Foundries amid foundry...
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GoPro's Quarter Is Good News For Ambarella, Canaccord Says
Wednesday, July 22, 2015 - 1:43pm | 232Read More...Following GoPro Inc (NASDAQ: GPRO) earnings on Tuesday, Canaccord Genuity's Matthew Ramsay raised estimates and its price target for Ambarella Inc (NASDAQ: AMBA). The firm reiterated its Buy rating and bumped up the price target by $2 to $122. With the near-20 percent gain in the stock over...
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Canaccord: Ambarella Drone Revenue To Grow 10x In 3 Years
Tuesday, July 14, 2015 - 10:26am | 236Read More...Matthew Ramsay at Canaccord Genuity upped the firm's price target for Ambarella Inc (NASDAQ: AMBA) by 4.3 percent on expectations that the firm's revenue from drones will grow from $6 million in FY2015 to $50 million in FY2017. That corresponds to a doubling of the drone market in each...
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Canaccord On Ambarella: 'Finally, A Pullback!'
Tuesday, June 23, 2015 - 8:46am | 307Read More...In a report published Tuesday, Canaccord Genuity analyst Matthew D. Ramsay reiterated a Buy rating and $115 price target on Ambarella Inc (NASDAQ: AMBA). There has been a sharp selloff of the company's shares. The analyst believes that the resultant pullback in the stock offers a buying...
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4 Analysts Weigh In On Ambarella's Results
Wednesday, June 3, 2015 - 12:22pm | 627Read More...Editor's note: This article was updated on June 3, 2015 to reflect that N. Quinn Bolton is an analyst for Needham & Company and not Stifel. Ambarella Inc (NASDAQ: AMBA) on Tuesday reported a better than expected first quarter results. By Wednesday morning, four of Wall Street's top...
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Not Everyone On Wall Street Likes Intel's Altera Deal
Tuesday, June 2, 2015 - 10:58am | 374Read More...Intel Corporation (NASDAQ: INTC) on Monday announced the acquisition of Altera Corporation (NASDAQ: ALTR) for total value of about $16.7 billion. The consensus among Wall Street analysts, however, is that Intel overpaid in this deal. UBS' Stephen Chin reiterated his Buy rating after the deal...
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Broadcom May Have Reached Potential, Says Canaccord
Friday, March 13, 2015 - 9:13am | 185Read More...Canaccord issued a report on Broadcom Corporation (NASDAQ: BRCM) on Thursday, downgrading the semiconductor company from Buy to Hold due to limited upside potential; the firm has a one-year price target of $47. Analysts Matthew Ramsay and Steven Lee wrote, "We maintain our belief Broadcom is well...
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Ambarella's Growth To Stem From New Business With Xiaomi
Wednesday, March 4, 2015 - 10:13pm | 266Read More...Ambarella Inc's (NASDAQ: AMBA) growth of up to 30 percent this year will flow from its top customer GoPro Inc (NASDAQ: GPRO) along with newly signed business with Xiaomi, an analyst said Wednesday. The video chipmaker closed Wednesday up 7 percent at $67.49 after beating fourth-quarter...
