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Fundamental/Financial Outcomes for Marvell Technology are not Without Risk, Citi Reports
Friday, May 27, 2011 - 8:03am | 158Citi reports that, “as evidenced by the 1Q12 (Apr) revenue/EPS shortfall (albeit expected), the fundamental/financial outcomes for Marvell Technology Group Ltd. (NASDAQ: MRVL) are not without risk.” “But after 2 quarters of sequential revenue decline, we envision an inflection in sequential...
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Oppenheimer Maintains Perform Rating On Marvell Technology
Friday, May 27, 2011 - 7:56am | 136According to Oppenheimer, Marvell Technology (NASDAQ: MRVL) reported light F1Q (April) EPS/revs of $0.29/$802M (-11% Q/Q) vs. the Street's $0.30/$826M, primarily due to weaker than expected Mobile & Wireless (-30% Q/Q). Oppenheimer said that strong revenue outlook of $890M (+11% Q/Q, midpoint...
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Oppenheimer Maintains Outperform on Skyworks Solutions
Friday, May 27, 2011 - 7:53am | 136Oppenheimer is out with its report today on Skyworks Solutions (NASDAQ: SWKS), maintaining Outperform. In a note to clients, Oppenheimer writes, "Skyworks announced the acquisition of power mgm't company AnalogicTech for $6.13/shr. The AATI announcement is hot on the heels of Skyworks' pending...
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Piper Jaffray Discusses Advanced Analogic Purchase
Friday, May 27, 2011 - 7:38am | 178Piper Jaffray is discussing the purchase of Advanced Analogic (NASDAQ: AATI) by Skyworks Solutions (NASDAQ: SWKS). It has a Neutral rating and a $6.13 price target on shares of AATI. In a note to clients, Piper Jaffray writes, "Skyworks has entered into a definitive agreement to acquire AATI for...
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UPDATE: J.P. Morgan Lowers PT on Marvell Technology to $21
Friday, May 27, 2011 - 7:35am | 98J.P. Morgan is out with its report today on Marvell Technology (NASDAQ: MRVL), lowering its PT from $24 to $21. In a note to clients, Citi writes, "Our C11 EPS estimate declines $0.02 to $1.58 while our C12 estimate remains at $1.80. Our new PT of $21 assumes MRVL should trade at 10x our C12 EPS...
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JP Morgan Raises PT On OmniVision Technologies To $43
Friday, May 27, 2011 - 6:26am | 27JP Morgan has raised the price target on OmniVision Technologies (NASDAQ: OVTI) from $39 to $43 and maintains its Overweight rating.
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Morgan Keegan Reiterates Market Perform on OmniVision Technologies, Raises PT to $34.50
Friday, May 27, 2011 - 6:14am | 106Morgan Keegan reiterated its Market Perform rating on OmniVision Technologies (NASDAQ: OVTI). At the same time, Morgan Keegan raised its price target on the company from $34 to $34.50, after OmniVision's Q1 results managed to beat market expectations. In a research report published today, Morgan...
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US Stock Futures Flat As Investors Await Housing, Consumer-Sentiment Data
Friday, May 27, 2011 - 6:08am | 364US stock futures are mixed this morning, as investors are awaiting housing and consumer-sentiment data. Futures on the Dow Jones Industrial Average dropped 9 points to 12,400.00 and futures on the S&P 500 stock index rose 0.20 point to 1,326.70. Nasdaq 100 futures gained 0.75 point to 2,326.00...
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Piper Jaffray Raises PT On Advanced Analogic Technologies To $6.13
Friday, May 27, 2011 - 6:05am | 28Piper Jaffray has raised the price target on Advanced Analogic Technologies (NASDAQ: AATI) from $3.80 to $6.13 and maintains its Neutral rating.
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JP Morgan Lowers PT On Marvell Technology To $21
Friday, May 27, 2011 - 5:59am | 28JP Morgan has lowered the price target on Marvell Technology Group (NASDAQ: MRVL) from $24 to $21 and maintains its Overweight rating.
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Morgan Keegan Raises PT On OmniVision Technologies To $34.50
Friday, May 27, 2011 - 5:49am | 28Morgan Keegan has raised the price target on OmniVision Technologies (NASDAQ: OVTI) from $34 to $34.50 and maintains its Market Perform rating.
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8×8 (NASDAQ:EGHT)
Friday, May 27, 2011 - 3:01am | 3208×8 (NASDAQ:EGHT) is a stock that I have been following since October of last year. My first post about this company was made after the company had reported record quarterly results at the time. Two weeks ago, the company reported their Fourth Quarte and Full-Year Fiscal Results and once again...
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Mad Money Lightning Round OT: Cramer Wants To Take Profits In IMOS (TAL, IMOS, CLGX)
Thursday, May 26, 2011 - 7:48pm | 144On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he would take profits in Chipmos Technologies (NASDAQ: IMOS) and move on. Chipmos Technologies (IMOS) spiked 10.62% today, and it closed at $9.79. Cramer is bullish on TAL International Group, Inc. (NYSE: TAL). He thinks that anything...
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Squeeze Trade 05-26-2011
Thursday, May 26, 2011 - 7:05pm | 934Cusick's Corner Sorry folks -- the Midday edition was not emailed but it is posted on the blog, www.xpoundblog.com. I did get some emails about what I meant when I said yesterday that the market looks like it will "pop." I was referring to the upside and that is what we saw into the After Hours....
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Disappointing Data 05-26-2011
Thursday, May 26, 2011 - 6:23pm | 865Cusick's Corner Stocks are trading mixed in the wake of disappointing economic data. A report released early Thursday showed Gross Domestic Product increasing at an annual rate of just 1.8 percent during the first quarter of this year. Economists were looking for an increase of 2 percent....