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Global Markets Revises Q2 EPS Estimates For Texas Instruments
Friday, July 22, 2011 - 10:38am | 48According to Global Markets Research, Texas Instruments (NYSE: TXN), Q2 EPS estimates are revised. Global Markets announced new Q2 EPS estimates for Texas Instruments of $0.53, maintaining their Hold rating. They are expecting Q3 EPS of $0.61. Texas Instruments closed yesterday at $31.61.
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Lazard Capital Markets Comments on Micron Technology
Friday, July 22, 2011 - 10:29am | 218Lazard Capital Markets has published a report on Micron Technology (NASDAQ: MU). In the report, Lazard wrote, "Debt offering paves the way for a stronger MU; positive for shareholders. The offering. MU offered two tranches of $300M convertible senior notes due August 1, 2031, one at 1.5% interest...
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Jefferies Reiterates Buy On PMCS
Friday, July 22, 2011 - 9:08am | 97Jefferies has issued a report reiterating the Buy Rating on PMC-Sierra (NASDAQ: PMCS). According to the report, "Reiterate Buy Rating and $9.50 PT. PMCS delivered a Q2 revenue and EPS beat, driven by better than expected shipments of its SAS/SAS-2 storage products into the Cloud/Data Center, which...
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Wells Fargo Upgrading Advanced Micro Devices
Friday, July 22, 2011 - 9:04am | 160Wells Fargo Securities is out with a research report on Advanced Micro Devices (NYSE: AMD) after it reported earnings last night, and it is upgrading the name to Market Perform and raising estimates. It has a $6.00-$7.50 price target on shares. In a note to clients, Wells Fargo Securities writes...
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Wells Fargo Upgrades AMD To Market Perform
Friday, July 22, 2011 - 8:57am | 20Wells Fargo has upgraded Advanced Micro Devices (NYSE: AMD) to Market Perform.
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Wedbush Raises PT on AMD To $10
Friday, July 22, 2011 - 8:47am | 28Wedbush Securities has raised the price target on Advanced Micro Devices (NYSE: AMD) from $9 to $10 and maintains its Outperform rating.
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JP Morgan Reiterates Overweight on PMC Sierra, Establishes PT of $10
Friday, July 22, 2011 - 8:39am | 42JP Morgan reiterated its Overweight rating on PMC Sierra (NASDAQ: PMCS). At the same time, the rating agency established its price target of $10 on the company's stock. On Thursday, PMCS closed the day at $7.28.
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UPDATE: J.P. Morgan Raises PT on Cypress Semiconductor to $13
Friday, July 22, 2011 - 8:25am | 119J.P. Morgan is out with its report today on Cypress Semiconductor (NYSE: CY), raising its PT from $12 to $13. In a note to clients, J.P. Morgan writes, "Yesterday, Cypress reported 2Q11 results above our estimate and Consensus due mostly to a lower than expected tax rate, and guided 3Q11 above...
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Pre-Market Winners
Friday, July 22, 2011 - 8:15am | 105athenahealth (NASDAQ: ATHN) is trading up over 11% after reporting Q2 earnings. Cepheid (NASDAQ: CPHD) is trading up over 10% after reporting earnings. Skyworks Solutions (NASDAQ: SWKS) is trading up near 9% after reporting earnings. Advanced Micro Devices (NYSE: AMD) is trading up over 8% after...
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Benzinga's Top Pre-Market Gainers
Friday, July 22, 2011 - 7:46am | 102Advanced Micro Devices Inc (NYSE: AMD) shares advanced 9.54% to $7.12 in the pre-market session. AMD swung to Q2 profit. SanDisk Corp (NASDAQ: SNDK) shares advanced 2.36% to $42.55 in the pre-market session. SNDK reported upbeat quarterly results. General Electric Co (NYSE: GE) climbed 1.77% to $...
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Jefferies Upgrading Kulicke & Soffa
Friday, July 22, 2011 - 7:44am | 131Jefferies & Co. is out with a research report on Kulicke & Soffa (NASDAQ: KLIC) and is upgrading it to Buy with a $12 price target, up from $6. In a note to clients, Jefferies & Co. writes, "We believe the transition to copper bonding is a multi-year secular theme (2-3 years) within...
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J.P. Morgan Neutral On Advanced Micro Devices
Friday, July 22, 2011 - 7:40am | 144J.P. Morgan Chase & Co. is out with a research report on Advanced Micro Devices (NYSE: AMD) after it reported earnings last night. It has a Neutral rating and a $8 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "Yesterday, AMD reported 2Q11 EPS above...
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JP Morgan Raises PT On Cypress Semiconductor To $13
Friday, July 22, 2011 - 6:52am | 27JP Morgan has raised the price target on Cypress Semiconductor (NASDAQ: CY) from $12 to $13 and maintains its Underweight rating.
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With Disappointing Microsoft Windows Sales, Investors Renew Concerns over Growth
Friday, July 22, 2011 - 6:34am | 317With blockbuster earnings results from technology companies around the industry, including rivals Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG), investors in Microsoft (NASDAQ: MSFT) renewed their concern Thursday after the company posted lackluster Windows sales. Sales of Windows fell for the...
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Running of the Bulls 07-21-2011
Thursday, July 21, 2011 - 7:18pm | 886Cusick's Corner Major markets continue to be in full bull mode while the debt talks continue. The Volatility Index (VIX) is down to 17.56 (see Index Trading) because the latest earnings-reporting season has been mostly upbeat. Merger mania is on -- pharmacy benefits management company Express...