-
Jefferies Has Buy On Cree
Thursday, August 25, 2011 - 9:03am | 90Jefferies & Co. is out with a research report on Cree, Inc. (NASDAQ: CREE) and it has a Buy rating and a $40 price target on shares. In a note to clients, Jefferies & Co. writes, "We marketed with CREE senior management this week. The top investor concerns appear to be: 1) was the price...
-
UPDATE: Wedbush Lowers Price Target On Micron Technology To $9
Thursday, August 25, 2011 - 8:54am | 60According to Wedbush, Micron Technology (NYSE: MU) price target is lowered to $9. Wedbush said that Micron Technology held its 2011 Summer Analyst Conference yesterday. “Our new 12-month PT of $9 from $12.50 is based upon about 9x (from 10x) our CY:12 EPS estimate of $0.73 (from $1.02) plus $2.30...
-
Deutsche Bank Lowers Price Target On Micron Tech To $8
Thursday, August 25, 2011 - 8:38am | 112According to Deutsche Bank, Micron Technology (NYSE: MU) expects DRAM to represent only 38% of revenue in F4Q11, down from 50% in the year ago period. Deutsche Bank said that thanks to continued output growth from Singapore and relatively benign pricing NAND is likely to comprise 40% of total...
-
JP Morgan Comments on Micron Technology
Thursday, August 25, 2011 - 8:33am | 81J.P. Morgan has published a research report on Micron Technology (NASDAQ: MU). In the report, J.P. Morgan wrote, "Micron held its Analyst Day yesterday and we believe the company is in the midst of a technology and product portfolio expansion to exploit growth areas like smart phones, tablets,...
-
UPDATE: Sterne Agee Lowers PT on Micron Technology to $14
Thursday, August 25, 2011 - 8:30am | 90Sterne Agee is out with its report today on Micron Technology (NASDAQ: MU), lowering its PT to $14 from $17. In its report, Sterne Agee writes, "We are tweaking our F4Q11E(Aug) from prior $2.17B/$0.12 to $2.17B/$0.07, modeling GMs down to 21% from prior 22.3%. Also lowering F12E from prior $9.6B/$...
-
Goldman Sachs Neutral On Semtech
Thursday, August 25, 2011 - 8:06am | 174Goldman Sachs is out with a research report on Semtech Corporation (NASDAQ: SMTC) and it has a Neutral rating and a $23 price target on shares. In a note to clients, Goldman Sachs writes, "Although we believed Semtech's strong exposure to smartphones and communications infrastructure would partly...
-
UPDATE: Citi Lowers PT on Semtech from $35 to $29
Thursday, August 25, 2011 - 7:47am | 87Citi has published a research report on Semtech (NASDAQ: SMTC) lowering the price target. In the report, Citi wrote, "We view SMTC's long-term growth prospects remain intact, powered by 40G/100G optics, smartphone and tablets, coupled with gross margin levers from product mix and yield improvement...
-
Wedbush Lowers PT On Micron Technology To $9
Thursday, August 25, 2011 - 7:30am | 27Wedbush Securities has lowered the price target on Micron Technology (NASDAQ: MU) from $12.50 to $9 and maintains its Outperform rating.
-
Sterne Agee Lowers PT On Micron Technology To $14
Thursday, August 25, 2011 - 7:22am | 26Sterne Agee has lowered the price target on Micron Technology (NASDAQ: MU) to $14 and maintains its Buy rating.
-
Deutsche Bank Lowers PT on Micron Technology To $8
Thursday, August 25, 2011 - 6:35am | 27Deutsche Bank has lowered the price target on Micron Technology (NASDAQ: MU) from $9 to $8 and maintains its Hold rating.
-
Citigroup Lowers PT on Semtech To $29
Thursday, August 25, 2011 - 5:49am | 25Citigroup has lowered the price target on Semtech (NASDAQ: SMTC) from $35 to $29 and maintains its Buy rating.
-
Earnings Scheduled For August 25
Thursday, August 25, 2011 - 4:00am | 586Krispy Kreme Doughnuts Inc (NYSE: KKD) is expected to report its Q2 EPS at $0.06 on revenue of $92.26 million. Hormel Foods Corporation (NYSE: HRL) is estimated to report its Q3 EPS at $0.35 on revenue of $1.87 billion. Shoe Carnival Inc (NASDAQ: SCVL) is projected to report its Q2 EPS at $0.30...
-
Notable Call Options Activity in PMC-Sierra
Wednesday, August 24, 2011 - 12:11pm | 92Shares of PMC-Sierra (NASDAQ: PMCS) are lower on the session by 1.57%, currently trading at $5.64. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the January 2012 $...
-
Notable Call Options Activity in Taiwan Semiconductor
Wednesday, August 24, 2011 - 11:29am | 84Shares of Taiwan Semiconductor (NYSE: TSM) are lower on the session by 1.27%, currently trading at $11.69. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the...
-
Goldman Sachs Suggests Buying Put Spread on Intel
Wednesday, August 24, 2011 - 9:33am | 130Goldman Sachs is out with a research note this morning, where it suggests that traders buy put spreads on Intel (NASDAQ: INTC) ahead of AMAT's earnings release. Goldman Sachs analyst James Covello believes that AMAT's earnings are going to disappoint. INTC is a significant customer for AMAT,...