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BMO Turns Bullish On Nvidia, Says It's Uniquely Positioned For Computing Shift
Monday, May 18, 2020 - 12:48pm | 455Read More...A 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 | 786Read More...Skyworks 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 | 737Read More...Memory 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 | 506Read More...Cree, 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 | 497Read More...ON 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 | 289Read More...Texas 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 | 668Read More...Micron 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 | 393Read More...Cree, 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 | 244Read More...Marvell 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 | 579Read More...Xilinx, 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 $...
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Analysts Weigh In On Intel Following Guidance Update
Thursday, May 9, 2019 - 1:52pm | 663Read More...Intel Corporation (NASDAQ: INTC) shares dropped 5 percent Thursday after the company issued a cautious guidance update during a presentation to analysts on Wednesday. Intel said its transition from PCs to higher-growth fields such as logic, memory and data centers will eat into margins over the...
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BMO Downgrades Intel As Gross Margins Slip
Thursday, May 9, 2019 - 8:56am | 372Read More...Intel Corporation (NASDAQ: INTC)’s analyst day detailed positive prospects for free cash flow, capital allocation, and operating margins. But insight on gross margins was startling. The Rating BMO Capital Markets analyst Ambrish Srivastava downgraded Intel from Outperform to Market Perform...
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Wall Street Weighs In On Qorvo's Impressive Quarter
Wednesday, May 8, 2019 - 12:11pm | 681Read More...Qorvo Inc (NASDAQ: QRVO) stock traded higher by 6 percent Wednesday after the company easily beat fiscal fourth-quarter earnings and revenue estimates. Qorvo reported revenue of $681 million, gross margin of 48.2 percent and operating income of $167 million. Qorvo said the fourth quarter was even...
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Wall Street Remains Bullish On Micron
Thursday, March 21, 2019 - 10:40am | 707Read More...Micron Technology, Inc. (NASDAQ: MU) shares traded higher by 9 percent Thursday after the chipmaker reported second-quarter earnings and revenue beats. The results were a pleasant surprise for investors concerned about the impact of a memory supply glut glut driven by a softening global smartphone...
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BMO's Semiconductor Pair Trade: Buy ON, Step To The Sidelines On Xilinx
Monday, March 4, 2019 - 3:51pm | 522Read More...Pair trading is a market-neutral strategy that matches a long position in an asset with an offsetting position in another asset, with both being highly correlated. An analyst at BMO Capital Markets recommended a pair trade in the semiconductor sector Monday, recommending buying ON Semiconductor...
