Srini Sundararajan

In a report published Friday, Summit Research analyst Srini Sundararajan initiated coverage on SunEdison Semiconductor Ltd. (NASDAQ: SEMI) with a Buy rating and $30.00 price target. In the report, Summit Research noted, "We are initiating SunEdison SEMI stock at a BUY with a price target of $30,...

Summit Research expressed confidence in its Buy rating on ASML Holding NV (ADR) (NASDAQ: ASML) Thursday and maintained a $115 price target. Analyst Srini Sundararajan commented that “ASML looks good in 2015 based on increased foundry spending at TSMC partly seen in backlog (Taiwan backlog...

In a note out Tuesday morning, Summit Research is raising the price target on FormFactor, Inc. (NASDAQ: FORM) from $10 to $11, while maintaining a Buy rating. In the note, analyst Srini Sundararajan states: "Raising P.T. to $11: Given back-to-back good performance quarter after quarter...

Srini Sundararajan of Summit Research Partners commented in a note on Monday that Micron Technology, Inc. (NASDAQ: MU) remains a “value play” ahead of its first quarter results. “We think that Micron will report a slight beat on the quarter on both revenue and earnings per...

Summit Research Partners reiterated its Buy rating and $50 price target on Micron Technology, Inc. (NASDAQ: MU) Wednesday citing “tailwinds galore” for the stock. Analyst Srini Sundararajan noted that "MU's forward P/E hovers around 8 when both the underlying markets DRAM...

On Monday, analysts at Summit Research upgraded shares of SanDisk Corporation (NASDAQ: SNDK) from Hold to Buy and raised the price target from $87 to $108. Analyst Srini Sundararajan stated, “We are moving to a BUY on SNDK based on the weak Yen helping with GM more than any other factor....

Summit Research Partners commented on the Cypress Semiconductor Corporation (NASDAQ: CY) and Spansion Inc. (NYSE: CODE) merger saying that the deal represents a "sum greater than its parts." Analyst Srini Sundararajan noted that “In a Silicon Valley match made in heaven, CY...

Summit Research issued a company note on Rubicon Technology, Inc. (NASDAQ: RBCN) Monday with a Hold rating and $8 price target. Analyst Srini Sundararajan noted that “Sapphire stocks wax and wane between what is likely to happen regarding alternative uses of Sapphire. Yes, there is some...

Mentor Graphics Corp (NASDAQ: MENT) increasingly predictable revenue stream should drive its shares higher, an analyst said Friday. The supplier of electronic design automation tools recently beat Wall Street's third-quarter earnings expectations, but offered a disappointing fourth-quarter...

Micron Technology, Inc. (NASDAQ: MU) could get a lift from a rumor that competitor Samsung Ltd. (OTC: SSNLF) is cutting back production plans for memory chips in favor of large-scale integration devices. "We expect this news to be positive for Micron Technology, since a DRAM competitor is...

Applied Materials, Inc. (NASDAQ: AMAT) is scheduled to report its fourth quarter results on Thursday after market close. Srini Sundararajan of Summit Research Partners recommends investors buy shares of Applied Materials heading in to the quarter and estimates there could be $1 upside post-earnings...

Summit Research issued an earnings preview for CommVault Systems, Inc. (NASDAQ: CVLT) Monday and reiterated its Buy rating and maintained its $62 price target. Analyst Srini Sundararajan noted that "CommVault is scheduled to report F2Q15 results BMO on 10/28" and he expected "the...

International Business Machines Corp.'s (NYSE: IBM) long-suffering chip-making operations got the coup de grace Monday when it agreed to pay $1.5 billion to the government of Abu Dhab to take the business of its hands. Summit's Srini Sundararajan called the deal "a non-event"...

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...

On Wednesday, analysts at Summit Research revised the investment thesis on shares of SanDisk Corporation (NASDAQ: SNDK). Srini Sundararajan keeps the $87 price target and Hold rating on the stock, with modified estimates due to the recent acquisition of Fusion-OI Inc. Sundararajan stated,...