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Apple iPhone Builds Are Stabilizing: Credit Suisse Still Bullish Before Earnings
Friday, April 15, 2016 - 10:57am | 452Read More...A Credit Suisse analyst said iPhone builds are stabilizing, infusing further optimism in Apple Inc. (NASDAQ: AAPL) ahead of its second-quarter earnings. The comment comes on the heels of an analysis from Pacific Crest's Michael McConnell who cut the estimate of iPhone suppliers to reflect weaker-...
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Apple Demand 'Cold As Ice' In Asia, iPhone Suppliers Face Risk Of Earnings Misses
Thursday, April 14, 2016 - 10:12am | 529Read More...The estimates for iPhone suppliers have been reduced to reflect weaker-than-expected demand trends for the iPhone 6s in Asia, Pacific Crest’s Michael McConnell mentioned. iPhone suppliers are headed for earnings misses, with demand for Apple Inc. (NASDAQ: AAPL) under severe pressure....
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From Disappointment To Modest Optimism: The Street Is Mixed On Qualcomm
Wednesday, December 16, 2015 - 3:20pm | 805Read More...Shares of QUALCOMM, Inc. (NASDAQ: QCOM) were trading lower by around 1 percent Wednesday morning. Qualcomm's management confirmed it will maintain its existing corporate structure. The company also reaffirmed a prior commitment to return 75 percent of free cash flow, which will allow greater...
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Qualcomm Valuation Not Taking Guidance Into Account; Pacific Crest Is Going Overweight
Friday, December 4, 2015 - 11:24am | 241Read More...Shares of QUALCOMM, Inc. (NASDAQ: QCOM) have been trending southwards in 2015 and are down 31 percent year-to-date. Pacific Crest's Michael McConnell initiated coverage of the company with an Overweight rating and a price target of $64. QCT sales and margins are expected to bottom in F2Q16,...
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5 Semiconductor Stocks To Love (And 6 To Worry About)
Monday, September 28, 2015 - 11:08am | 702Read More...Michael McConnell, Pacific Crest's semiconductor analyst, visited Asia to observe first-hand the state of the semiconductor market. McConnell noted he left "incrementally more positive" on fundamentals at five companies, and "incrementally more cautious" at an...
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Why Marvell Tapped Out
Friday, September 25, 2015 - 9:54am | 307Read More...Marvell Technology Group Ltd (NASDAQ: MRVL) shares are treading a downward path and have declined more than 37 percent year-to-date. Pacific Crest’s Michael McConnell maintained a Sector Weight rating on the company. Although the company’s mobile restructuring is expected to...
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Pacific Crest: How To Pick Semiconductor Winners
Monday, August 31, 2015 - 1:19pm | 394Read More...A new report by Pacific Crest analyst Michael McConnell focused on semiconductor stocks. Recent data from the space emphasize the importance of stock selection, and McConnell explained exactly what investors should look for and which names the firm likes best. Lowered Expectations Semiconductor...
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Pacific Crest Constructive On SanDisk, ARM Holdings
Monday, July 20, 2015 - 2:09pm | 461Read More...On Sunday, Pacific Crest analysts Monika Garg, Jason Celino, Michael McConnell and Hans Chung issued two reports previewing earnings for SanDisk Corporation (NASDAQ: SNDK) and ARM Holdings plc (ADR) (NASDAQ: ARMH). SanDisk SanDisk is to announce its financial results after the market closes...
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Pacific Crest Upgrades NVIDIA Ahead Of Earnings
Monday, November 3, 2014 - 4:42pm | 186Read More...Pacific Crest Securities upgraded NVIDIA Corporation (NASDAQ: NVDA) from Underweight to Sector Perform in an earnings preview issued Sunday. Analyst Michael McConnell noted that with "62 percent unit share in the desktop discrete graphics processor market, NVIDIA has sought to diversify...
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Analysts: Texas Instruments Q3 'Not A Read-Through' For Industry
Tuesday, October 21, 2014 - 4:28pm | 359Read More...Texas Instruments Incorporated's (NASDAQ: TXN) third-quarter earnings beat might make it appear immune from weakness in the semiconductor industry, but analysts say the company could still catch a cold. "We question if its immunity will persist," Deutsche Bank's Ross Seymore...
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Intel Corporation Shares Drop; Analysts Voice Caution
Wednesday, October 15, 2014 - 1:34pm | 269Read More...Intel Corporation (NASDAQ: INTC) fell sharply Wednesday after analysts dug through its third-quarter data and sounded caution on the chipmaker's outlook. Santa Clara, California- based Intel, which relies heavily on the market for personal computers, posted a 15 percent gain in shipments...
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UPDATE: Pacific Crest Securities Reiterates on Intel on Multiple Positive Factors
Wednesday, April 16, 2014 - 8:39am | 91Read More...In a report published Wednesday, Pacific Crest Securities analyst Michael McConnell reiterated an Outperform rating on Intel (NASDAQ: INTC), and raised the price target from $31.00 to $32.00. In the report, Pacific Crest Securities noted, “We are buyers of INTC due to improving corporate PC demand...
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UPDATE: Pacific Crest Upgrades Intel on Strong Forecasts of PC, Grantley Server & Foundry Business
Monday, April 7, 2014 - 10:28am | 214Read More...In a report published Monday, Pacific Crest Securities analyst Michael McConnell upgraded Intel (NASDAQ: INTC) from Sector Perform to Outperform and established a $31.00 price target. McConnell reported that supply chain conversations suggest an acceleration in corporate demand of PC OEM orders in...
