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Why Nvidia Stock Analysts Are Bullish After Q2 Earnings
Thursday, August 19, 2021 - 3:00pm | 989Nvidia, Inc. (NASDAQ: NVDA) reported stellar quarterly results Wednesday thanks to strong performances by its data center and gaming businesses. The Nvidia Analysts: BofA Securities analyst Vivek Arya reiterated a Buy rating on Nvidia shares and increased the price target from $250 to $260...
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Supply-Demand Imbalance In Memory Chips Triggers Analyst's Micron Upgrade
Wednesday, June 30, 2021 - 3:52pm | 361Projections of a continued supply-demand imbalance in the semiconductor industry into 2022 has led BMO Capital Markets analysts to turn bullish on shares of Micron Technology, Inc. (NASDAQ: MU). The Micron Analyst: Ambrish Srivastava upgraded Micron Technologies from Market Perform to ...
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Why Intel's CEO Transition Is A Negative For AMD: Analyst
Thursday, January 14, 2021 - 5:40pm | 379Intel Corporation (NASDAQ: INTC) shares have reacted positively to the company's announcement concerning the appointment of VMware, Inc. (NYSE: VMW) top brass Pat Gelsinger as its CEO. In a sympathy move, shares of rival chipmaker Advanced Micro Devices, Inc. (NASDAQ: AMD) pulled back, as...
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4 Intel Analysts On What New CEO Means For Chipmaker's Market Share, Turnaround
Thursday, January 14, 2021 - 1:00pm | 894Intel Corporation (NASDAQ: INTC) announced a new CEO Wednesday, sending the chipmaker's shares higher by about 7%. The Intel Analysts: Needham analyst Quinn Bolton upgraded Intel from Hold to Buy and assigned a $70 price target. BMO Capital Markets analyst Ambrish Srivastava upgraded...
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Nvidia Q2 Roundup: Analysts See 'Only Perpetual Growth Story In Semis,' Premium Valuation
Thursday, August 20, 2020 - 2:16pm | 1185NVIDIA Corporation (NASDAQ: NVDA) reported forecast-beating second-quarter results Wednesday and issued above-consensus third-quarter revenue guidance. The Nvidia Analysts: Reviewing the results, BofA Securities analyst Vivek Arya reiterated a Buy rating and increased the price target from $...
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BMO Turns Bullish On Nvidia, Says It's Uniquely Positioned For Computing Shift
Monday, May 18, 2020 - 12:48pm | 455A BMO Capital Markets analyst left the sidelines on NVIDIA Corporation (NASDAQ: NVDA) Monday. The Nvidia Analyst Ambrish Srivastava upgraded Nvidia from Market Perform to Outperform and hiked the price target by about 50% from $285 to $425. The Nvidia Thesis Continued execution on the...
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Analysts Upbeat On Skyworks' Fundamentals
Wednesday, November 13, 2019 - 3:34pm | 786Skyworks Solutions Inc (NASDAQ: SWKS) reported better-than-expected fiscal fourth-quarter earnings and revenues, but the stock is slipping in reaction to the year-over-year declines in both metrics. The Analysts Bank of America analyst Vivek Arya reiterated an Underperform rating and $92 price...
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Street Debates Micron's Stock After Q4 Disappoints
Friday, September 27, 2019 - 5:05pm | 737Memory and storage solutions company Micron Technology, Inc. (NASDAQ: MU) reported Thursday with fourth-quarter results and a disappointing outlook. Micron shares immediately traded lower following the print, and the Street debated if investors should be buyers of the dip. The Good, Bad In Q4...
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Wall Street Weighs In On Cree's Lackluster Guidance
Wednesday, August 21, 2019 - 12:22pm | 506Cree, Inc. (NASDAQ: CREE) shares tumbled 16% on Wednesday after the chipmaker beat earnings and sales estimates for the fiscal fourth quarter but disappointed Wall Street with a lackluster outlook. Cree reported fourth-quarter adjusted EPS of 11 cents on revenue of $251 million. Both numbers beat...
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ON Semiconductor Analysts Weigh In After 'Painful Reset' In Q2
Tuesday, August 6, 2019 - 11:51am | 497ON Semiconductor Corp (NASDAQ: ON) shares were trading lower Tuesday after the company reported a mixed second quarter. ON reported in-line EPS of 42 cents, but revenue declined 7% to $1.348 billion, short of analyst expectations. ON said demand in China and the rest of Asia is weak as the trade...
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BMO Raises Estimates For Texas Instruments After Earnings Beat
Wednesday, July 24, 2019 - 1:11pm | 289Texas Instruments Incorporated (NASDAQ: TXN) reported a second quarter beat and guided to a fourth consecutive quarter of revenue decline. The company has much higher free cash flow and earnings potential than it did in past cycles, according to BMO Capital Markets. The Analyst BMO’s Ambrish...
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Wall Street Sees More Upside For Micron Following Earnings Pop
Wednesday, June 26, 2019 - 12:27pm | 668Micron Technology, Inc. (NASDAQ: MU) jumped 13% on Wednesday after the memory giant handily topped analyst expectations with big earnings and revenue beats on Tuesday. In addition to surprising to the upside, the report eased investor concerns about the impact of the U.S. blacklist of Huawei, which...
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BMO Downgrades Cree On Valuation, Says LED Maker Has Unique Positioning
Monday, June 3, 2019 - 12:22pm | 393Cree, Inc. (NASDAQ: CREE) is executing on its turnaround, but the risk-reward profile for the stock is balanced, according to BMO Capital Markets, which dropped its bullish stance Sunday. The Analyst Ambrish Srivastava downgraded Cree from Outperform to Market Perform with an...
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Marvell Prospects Affected By Loss Of Huawei Revenue, BMO Says
Friday, May 31, 2019 - 12:35pm | 244Marvell Technology Group Ltd. (NASDAQ: MRVL) reported its first-quarter results and announced second-quarter guidance broadly in line with expectations. Going forward, the company’s results will be impacted by Huawei ceasing to be a customer, according to BMO Capital Markets. The Analyst BMO...
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Xilinx Hosts Investor Day: Two Sell-Side Takes
Wednesday, May 15, 2019 - 4:14pm | 579Xilinx, Inc. (NASDAQ: XLNX) hosted an analyst and investor day presentation Tuesday where management laid out its business and discussed growth drivers. The Analysts BMO Capital Markets' Ambrish Srivastava maintained a Market Perform rating on Xilinx with a price target lowered from $...