Ambrish Srivastava

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...

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...

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...

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...

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...

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...

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...

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 $...

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...

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...

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...

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...

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...

NVIDIA Corporation (NASDAQ: NVDA) stock jumped 9 percent after hours Thursday after the company reported earnings and revenue beats. Nvidia reported fourth-quarter revenue of $2.21 billion, slightly above consensus estimates but down 24 percent from a year ago. Nvidia said it expects fiscal 2020...