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Puts Purchased on Taiwan Semiconductor
Wednesday, July 13, 2011 - 11:02am | 123Shares of Taiwan Semiconductor (NYSE: TSM) are higher on the session by 3.43%, currently trading at $12.66. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while...
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Puts Purchased on Cypress Semiconductor
Wednesday, July 13, 2011 - 10:54am | 120Shares of Cypress Semiconductor (NYSE: CY) are higher on the session by 1.57%, currently trading at $21.32. The stock has been moving largely higher over the past three months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short...
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Earnings Preview: Xilinx
Wednesday, July 13, 2011 - 9:13am | 121Bank of America Merrill Lynch published a report on Xilinx (NASDAQ: XLNX) today where they expected 2Q results in-line with consensus expectations. The report also began by anticipating general strength in China-driven communications. Bank of America Merrill Lynch said in the report, "Investors...
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Earnings Preview: Broadcom
Wednesday, July 13, 2011 - 8:58am | 127According to Bank of America Merrill Lynch, 2Q earnings results for Broadcom (NASDAQ: BRCM) are in-line with expectations. Bank of America Merrill Lynch expresses confidence that Broadcom still leads in combo/connectivity. In this report, Bank of America Merrill Lynch comments, "Investors remain...
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Bank of America Merrill Lynch Preview on Texas Instruments
Wednesday, July 13, 2011 - 8:42am | 131Bank of America Merrill Lynch published a report Wednesday on Texas Instruments (NYSE: TXN). In the report, 2Q results were expected inline with the mid-qtr update. Bank of America Merrill Lynch commented, "Given TI's diverse end-market exposure across mobile handsets, computing, communications...
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Bank of America Merrill Lynch Preview on Intel
Wednesday, July 13, 2011 - 8:28am | 145Bank of America Merrill Lynch has put out an earnings preview for Intel (NASDAQ: INTC). The report noted that investors remained unconvinced of Intel's efforts to penetrate tablet and smartphone markets. In the preview, Bank of America Merrill Lynch commented that, "We expect Intel to maintain its...
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Bank of America Merrill Lynch Previews and Reports on AMD
Wednesday, July 13, 2011 - 8:18am | 102Bank of America Merrill Lynch has published an earnings preview report on AMD (NYSE: AMD). Their analyst anticipates 2Q results inline with expectations. In the report, Bank of America Merrill Lynch commented that, "We expect AMD to maintain its outlook for 10%+ PC unit growth vs. Street at 5-7%....
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UPDATE: Citi Color on Microchip Technology PT Decrease
Wednesday, July 13, 2011 - 8:16am | 111Citi, which lowered its PT on shares of Microchip Technology (NASDAQ: MCHP), is providing some color on the stock. “Sector empathy Tuesday was heightened because MCHP was an early leading indicator for the group in 2007 before the Great Recession,” Citi writes. “The large magnitude of MCHP's...
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Deutsche Bank Maintains Hold on Fairchild Semiconductor
Wednesday, July 13, 2011 - 8:01am | 97Deutsche Bank is out with its report today on Fairchild Semiconductor (NYSE: FCS), maintaining Hold. In a note to clients, Deutsche Bank writes, "We continue to be impressed by Fairchild's successful transition from a hyper-cyclical company with extreme inventory and margin volatility to a more...
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Benchmark Previews Earnings From Entropic Communications
Wednesday, July 13, 2011 - 7:53am | 128Benchmark Capital is out with a research report on Entropic Communications, Inc. (NASDAQ: ENTR), and it has a Buy rating and a $12 price target on shares. In a note to clients, Benchmark Capital writes, "Regarding 3Q11 guidance, we expect management to guide for sequential revenue growth, perhaps...
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J.P. Morgan Reiterates Overweight Rating On Fairchild Semiconductor
Wednesday, July 13, 2011 - 7:37am | 114According to J.P. Morgan, Fairchild Semiconductor (NYSE: FCS) is scheduled to report its 2Q11 on Thursday. J.P. Morgan said that it expects an in line 2Q11 print but tempered 3Q11 outlook due to distribution weakness and softer demand. “We are only trimming our 2H11 estimates despite the weakness...
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Citigroup Lowers PT On Microchip Technology To $36
Wednesday, July 13, 2011 - 5:58am | 26Citigroup has lowered the price target on Microchip Technology (NASDAQ: MCHP) from $40 to $36 and maintains its Hold rating.
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Microsoft, Intel, Cisco (MIC) – Can The Troika Grow Again? (Part 3)
Wednesday, July 13, 2011 - 5:19am | 732Cisco Like Microsoft (NASDAQ: MSFT) and Intel (NASDAQ: INTC), Cisco Systems (NASDAQ: CSCO) is a giant in its core product domain, commanding a dominating market share in the high-end router market. Like Advanced Micro Device, Inc. (NYSE: AMD) to Intel, Juniper Networks (NASDAQ: JNPR) is the only...
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Stocks to Watch for Wednesday 07/13/11: Fresh 52 Week Highs and Lows
Tuesday, July 12, 2011 - 8:24pm | 1637Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Adventrx Pharmaceuticals (NYSE: ANX...
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Benzinga's Top ETF Decliners, July 12th (SOXL, KWT, AGA, EGPT)
Tuesday, July 12, 2011 - 7:37pm | 204Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) fell 8.54% today, and closed at $40.69. In the semiconductor space, Texas Instruments Incorporated (NYSE: TXN) lost 3.67%, Advanced Micro Devices, Inc. (NYSE: AMD) fell 4.88%, and Analog Devices, Inc. (NYSE: ADI) dropped 5.14%. Market...