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Micron's DRAM Trends, Cost Leadership, Buyback Potential Win Bullish Sell-Side Initiation
Friday, June 22, 2018 - 10:41amMicron Technology, Inc. (NASDAQ: MU) has moved from a "cash burn" to a "cash return" story in the space of two years, Benchmark said in a bullish Friday initiation note. The Analyst Analyst Mike Burton initiated coverage of Micron with a Buy rating and $80 price...
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What To Expect In AMD's Q4 Earnings Report
Monday, January 29, 2018 - 3:49pmShares of Advanced Micro Devices, Inc. (NASDAQ: AMD) have already gained nearly 30 percent in 2018 and the company's Q4 earnings report Tuesday afternoon could result in an acceleration in the stock's advance or put a pause to the momentum. Consensus analyst estimates for EPS stand at 5...
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Microsoft, Qualcomm And LionsGate To Make VR Showing At CES
Friday, December 30, 2016 - 9:09amIt's an open secret that Virtual Reality would be one of the central themes of 2017
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NVIDIA To 'Shine' With Smart Autos At CES
Friday, December 30, 2016 - 8:05amThe 50th annual Consumer Electronic Show (CES) is scheduled to begin on January 5. The most excitement in the semiconductor space will likely be centered on NVIDIA Corporation (NASDAQ: NVDA), Brean Capital’s Mike Burton said in a report. He maintained a Hold rating on the company. CEO Jen...
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A Look At Micron's Revenue Channels
Thursday, December 22, 2016 - 9:39amMicron Technology, Inc. (NASDAQ: MU) reported better-than-expected first quarter results, driven by both resilient demand trends and improving DRAM pricing. Micron reported proforma EPS of $0.32, above Street and guidance of $0.28, and delivered revenue of $3.97 billion, in line with consensus $3....
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Another Strong Quarter From Broadcom
Friday, December 9, 2016 - 8:48amFollowing another strong quarter from Broadcom Ltd (NASDAQ: AVGO), Brean Capital’s Mike Burton stated that the company was “poised for above-average growth with industry leading profitability.” Burton maintains a Buy rating on the company, while raising the price target from $205...
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Intel's Q4 Guidance Is Conservative
Wednesday, October 19, 2016 - 7:12amBrean Capital believes Intel Corporation (NASDAQ: INTC)’s fourth quarter outlook is conservative after an inventory restocking in the PC supply chain led the chip giant to report better-than-expected third-quarter results. Intel reported non-GAAP EPS of $0.80, higher than consensus’ $0....
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Brean Capital Raises Broadcom Price Target Following Earnings
Friday, September 2, 2016 - 1:51pmBrean Capital believes Broadcom Ltd (NASDAQ: AVGO) is poised for above-average growth with industry leading profitability at a cheap valuation as it reiterated its Buy rating on the stock. Broadcom reported another impressive quarter as it positioned itself in some of the strongest and fast growing...
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Despite Semiconductor Fears, Brean Still Buying Qorvo Shares
Wednesday, August 3, 2016 - 7:51amQorvo Inc (NASDAQ: QRVO) reported strong June quarter results, with the revenue and EPS beating the consensus expectations. Brean Capital’s Mike Burton reiterated a Buy rating on the company, with a price target of $62. Positive On The Stock “While the revenue and EPS upside and...
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Brean Worries Trend Toward Lower Pricing In Phones Could Be Headwind For Qualcomm
Thursday, July 21, 2016 - 9:33amQUALCOMM, Inc. (NASDAQ: QCOM) reported a beat and raise quarter on July 20, driven by improvements in catch-up payments from China for QTL, along with strength in QCT. Brean Capital’s Mike Burton maintains a Hold rating on the company. Potential Headwind “We had anticipated the strong...