-
Micron: A Good Play During Times Of Macro Weakness
Friday, September 18, 2015 - 1:21pm | 419Read More...Shares of Micron Technology, Inc. (NASDAQ: MU) were lower by more than 4 percent Friday morning, underperforming the Nasdaq Index, which was lower by only 0.77 percent. Srini Sundararajan of Summit Research argued in a note on Friday that Micron is an attractive investment during periods of macro...
-
Steve Jobs Might've Hated The Apple Pencil
Wednesday, September 9, 2015 - 2:43pm | 378Read More...The latest Apple Inc. (NASDAQ: AAPL) event kicked off earlier this afternoon, and fanboys are already psyched up. The festivities started with a look at the Apple Watch and some new features introduced to WatchOS before the new iPad Pro was presented. Then, a third gadget was introduced: the...
-
Time To Take Profits: Summit Offers Trading Call On Splunk, Downgrades To Hold
Monday, August 24, 2015 - 2:42pm | 387Read More...Analysts at Summit Research assure it is time to take profits at Splunk Inc (NASDAQ: SPLK). In fact, in a report issued Sunday, the experts – Srini Nandury, Srini Sundararajan, Jonathan Kees and Henry Guo – downgraded the stock’s rating from Buy to Hold on an impending multiple...
-
Summit's Sundararajan: Apple Bears May Be Wrong
Thursday, August 6, 2015 - 10:34am | 423Read More...In a report published Thursday, Summit Research analyst Srini Sundararajan mentioned that Apple Inc. (NASDAQ: AAPL) bears could be wrong and that semiconductor used in the next version of the iPhone was expected to be significantly superior to the current iPhone 6. Also, the analyst believes...
-
Semi, IC Stocks Clobbered; Summit's Srini Sundararajan Provides Some Insight
Wednesday, July 22, 2015 - 3:48pm | 418Read More...Semiconductors stocks are tumbling. The following stocks, among others, are down at least 4 percent on Wednesday afternoon: Apple Inc. (NASDAQ: AAPL) Linear Technology Corporation (NASDAQ: LLTC) Skyworks Solutions Inc (NASDAQ: SWKS) Analog Devices, Inc. (NASDAQ: ADI) Qorvo Inc (...
-
SanDisk Analysts Sees Both Risk And Upside Heading Into Earnings
Wednesday, July 22, 2015 - 3:30pm | 872Read More...SanDisk Corporation (NASDAQ: SNDK) is scheduled to report its second quarter results after Wednesday's market close. Estimize is calling for the company to earn $0.36 per share (based on 28 estimates) in the quarter on revenue of $1.198 billion. This compares to the Wall Street consensus...
-
What's The Deal With Semiconductors Now? Summit's Sundararajan Digs Into The Sector
Friday, July 17, 2015 - 8:08am | 635Read More...In a report published Thursday, Summit Research analyst Srini Sundararajan reviewed companies that have reported earnings in the Semiconductor space and commented on key takeaways from Analyst Meetings. Intel: Looking Cash Strapped? Sundararajan noted that Intel Corporation (NASDAQ: INTC)...
-
Summit: FormFactor Decline 'Mostly Horse Manure'
Thursday, July 16, 2015 - 6:52am | 414Read More...In a report released Wednesday, Summit Research Partners analyst Srini Sundararajan takes a look at FormFactor, Inc. (NASDAQ: FORM), which fell about 10 percent on Tuesday. The analyst believes the decline was triggered by “grossly inaccurate interpretations” of the company’s...
-
Why Intel Could Be The 'Key' To A Tsinghua-Micron Merger
Wednesday, July 15, 2015 - 5:22pm | 384Read More...Earlier this week, reports that China's Tsinghua Unigroup Ltd. made a bid for Micron Technology, Inc. (NASDAQ: MU) worth $23 billion. That's a 9 percent premium to Micron's current market price, though the arbitrage opportunity was larger on Monday, before shares jumped nearly $2 per...
-
Are Intel's Biggest Analysts Bullish?
Wednesday, July 15, 2015 - 2:14pm | 547Read More...Intel Corporation (NASDAQ: INTC) is scheduled to report its second quarter results after market close on Wednesday. Estimize, the crowd-sourced earnings and economic rating site, is estimating Intel will earn $0.52 in the second quarter on revenue of $13.243 billion. This compares to the Wall...
-
Thoughts On Reported Micron Bid From The Analyst Who Predicted It First
Tuesday, July 14, 2015 - 2:40pm | 1008Read More...Reuters reported early Tuesday morning that China's state-backed Unigroup Ltd. was preparing to bid for Micron Technology, Inc. (NASDAQ: MU). The firm, according to Reuters, will offer $23 billion – equivalent to $21 per share and a 19.3 percent premium on Micron's trading price at the time...
-
Summit: Buy SanDisk, 'The Time Has Come'
Monday, June 22, 2015 - 7:21am | 289Read More...In a report published Monday, Summit analyst Srini Sundararajan upgraded the rating on SanDisk Corporation (NASDAQ: SNDK) to Buy, with an $85 price target. The analyst believes that it is time to buy the stock, given that all the factors that were adversely impacting it are now in the past. "There...
-
Summit Research Sees Micron Doubling; Hyperscale Clients Might Consider Investing
Friday, June 12, 2015 - 1:51pm | 412Read More...In a report published Friday, Summit Research analyst Dr. Srini Sundararajan and his team looked into the emerging DRAM shortage anticipated for the second half of the year and considered the option of a hyper-scale client investing equity in Micron Technology, Inc. (NASDAQ: MU) stock. The...
-
Broadcom-Avago...The Day After
Thursday, May 28, 2015 - 2:13pm | 728Read More...Broadcom Corporation (NASDAQ: BRCM) soared over 20 percent Wednesday following news its would be acquired by Avago Technologies Ltd (NASDAQ: AVGO) in a $37 billion dollar deal; the deal was confirmed Thursday morning. On Thursday, Avago traded at $140.30, down 0.84 percent while Broadcom fell 2...
-
Wall Street: Intel-Altera Deal Not Over 'Til It's Over
Friday, April 10, 2015 - 11:38am | 425Read More...Altera Corporation (NASDAQ: ALTR)'s board may get pressured to revisit its decision to reject a $54 a share offer from Intel Corporation (NASDAQ: INTC), analysts said Friday. The market gave some support to that view, with Altera opening sharply lower on the news Thursday, but then gaining...
