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Goldman Sachs Finds Mastercard Shining In 2024 Despite Weak Industry Outlook
Thursday, January 11, 2024 - 4:44pm | 389Goldman Sachs analyst raised the price target for Mastercard Inc (NYSE: MA) to $482 (from $433) and maintained a Buy rating. The analyst expects a mixed outlook for overall credit card spending and anticipates card volume growth to decelerate globally and domestically by ~70bps...
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Biden's Semiconductor Push: Microchip Lands $162M Incentives To Reinforce US Supply Chain Providing Over 700 Jobs
Thursday, January 4, 2024 - 12:09pm | 581Microchip Technology Incorporated (NASDAQ: MCHP) will receive incentives worth $162 million from the U.S. Commerce Department to support the onshoring of the company's semiconductor supply chain. "With this proposed investment, President Biden is...
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Did Your Holiday Shopping Follow National Trend? Mastercard's Data Shows Online Sales Surge And In-Store Rise
Tuesday, December 26, 2023 - 10:32am | 511Mastercard Incorporated (NYSE: MA) on Tuesday said that U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season. According to preliminary insights from Mastercard SpendingPulse, online retail sales increased 6.3% year-over-year, while in-store sales were...
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Mastercard, Visa's High Fees in UK's Crosshairs: Will New Caps Reshape Payment Landscape?
Wednesday, December 13, 2023 - 1:20pm | 586Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) are under scrutiny by U.K. regulators contemplating a cap on some fees charged to local merchants per card transaction. This regulatory consideration aims to control the costs that have significantly increased since...
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Why E-Commerce Company Liquidity Services Shares Are Sliding Today
Thursday, December 7, 2023 - 12:02pm | 419Liquidity Services (NASDAQ: LQDT) reported Q4 revenues of $79.96 million, missing the analyst consensus of $82.73 million. Revenues rose 6% Y/Y. The company reported adjusted EPS of $0.26 per share, beating the estimate of $0.24. GMV for the fiscal fourth quarter of 2023 was $315.6...
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Credit Card Juggernaut Mastercard's Bold Financial Play: Dividend Hike & Massive Buyback
Wednesday, December 6, 2023 - 1:22pm | 325Yesterday, Mastercard Inc (NYSE: MA) disclosed a dividend increase and a new share repurchase program. The company raised its quarterly cash dividend per share by 16% to $0.66 from $0.57 earlier. The dividend is payable on February 9, 2024, to shareholders of record as of...
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Deutsche Bank Sees Attractive Entry Point In Lattice Semiconductor, Initiates With Buy And $70 Target
Thursday, November 30, 2023 - 2:14pm | 348Deutsche Bank initiated coverage on the shares of Lattice Semiconductor Corp (NASDAQ: LSCC) with a Buy rating and announced a price target of $70. Founded in 1983 and publicly traded since 1989, LSCC specializes in the design of field programmable gate arrays (FPGAs). ...
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Mastercard Partners With Feedzai To Tackle Crypto Fraud: Report
Monday, November 20, 2023 - 9:16am | 385Mastercard Inc (NYSE: MA) is reportedly partnering with Feedzai, a regulatory technology platform, to combat money laundering and financial scams online using artificial intelligence. As per the deal, Feedzai will integrate with Mastercard's CipherTrace Armade platform to help banks...
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Is The World Ready For Digital Currencies? Mastercard's Senior Executive Weighs In
Friday, November 17, 2023 - 12:07pm | 578Mastercard Incorporated's (NYSE: MA) senior executive reportedly slammed the usage of central bank digital currencies, claiming there isn't enough reason for the widespread use of them right now. Ashok Venkateswaran, Mastercard's blockchain and digital assets lead for Asia-...
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Hard-Surface Flooring Retailer LL Flooring's Shares Are Ticking Higher: What's Going On?
Tuesday, November 14, 2023 - 12:16pm | 486Private equity firm F9 Investments, LLC has proposed to acquire all the issued and outstanding shares of common stock of LL Flooring Holdings Inc (NYSE: LL) for $3.00 per share. F9 Investments, together with its affiliates, collectively owns approximately 8.8% of LL...
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Worldline's Concerns Impact FinTech Sector, Analyst Says Affirm and Block's Reactions Unwarranted with Limited EU Exposure
Thursday, October 26, 2023 - 3:11pm | 487Worldline's warning of a "macroeconomic deterioration" in core geographies like Germany hurts the entire FinTech sector pre-market, Mizuho analyst Dan Dolev noted. Key stocks like Affirm Holdings, Inc (NASDAQ: AFRM) (Buy rating, price target $24),...
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Credit Card Juggernaut MasterCard's Stock Tanks Despite Q3 Beat
Thursday, October 26, 2023 - 10:24am | 424Mastercard Inc (NYSE: MA) shares are trading lower after the company reported Q3 FY23 results. Net revenues stood at $6.53 billion, up 14% Y/Y and 11% Y/Y on a neutral currency basis, beating the consensus of $6.52 billion. Payment network net revenue rose 12% Y/Y (+10% Y/Y on a currency-...
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Lattice Semiconductor To Generate Multi-Year Double-Digit Revenue Growth, Says Analyst
Tuesday, October 24, 2023 - 1:25pm | 302Needham analyst N. Quinn Bolton initiates coverage on Lattice Semiconductor Corp (NASDAQ: LSCC) with a Buy rating and a price target of $90. The analyst forecasts a 12.2% CAGR over the coming three years for revenue from the company's Nexus platform, launched in 2019. Also, the...
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JP Morgan, Mastercard Launch Pay-By-Bank Solution In The US; Verizon To Pilot Program In The Coming Months
Friday, October 20, 2023 - 12:25pm | 307JP Morgan Chase & Co. (NYSE: JPM) said its Pay-by-bank solution, which leverages Mastercard Incorporated's (NYSE: MA) open banking technology, is now available in the U.S. for billers for a variety of recurring payments, including rent, utilities, healthcare and more. Verizon...
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Lam Research Faces Analyst Scrutiny Over Near-Term Margin and China Demand Uncertainties
Thursday, October 19, 2023 - 1:10pm | 707Lam Research Corp (NASDAQ: LRCX) reported quarterly earnings of $6.85 per share, which beat the consensus estimate of $6.07. The company reported quarterly sales of $3.48 billion, which beat the analyst consensus estimate of $3.41 billion, a 31.38% decrease over sales of $5.07 billion...