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Cramer’s #4 Speculative Tech Pick: ON Semiconductor (ONNN, TKLC, BRCD, CDNS)

247wallst — Thu, 07 May 2009 23:04:43 +0000

Jim Cramer came out with his fourth speculative technology stock pick on CNBC’s MAD MONEY tonight. His #4 pick for the basket is ON Semiconductor Corp. (NASDAQ: ONNN). He said the company did a monster beat of earnings estimates yesterday and gave guidance that was better than expected. It acted cautiously optimistic but Cramer noted two quarters of visibility. He said this stock should not have fallen today, and that was because tech sold off.

The company is getting its balance sheet better and is paying down debt. ONNN offers power, analog, digital signal processing, mixed signal, logic, data management semiconductors…. This closed down 6% at $5.71, but traded up 11% to $6.30 in the first after-hours session. The 52-week trading range is $2.35 to $10.85.

Cramer has been making other picks this week for a basket of speculative tech stocks in the down and out sector. His other picks from this week are as follows:

Monday was Tekelec (TKLC) FULL DETAILS
Tuesday was Brocade (NASDAQ: BRCD) FULL DETAILS
Wednesday was Cadence Design (NASDAQ: CDNS) FULL DETAILS

Stay tuned tomorrow as we will get the last pick of this speculative technology stock basket.

JON C. OGG

Posted in Cramer, Semiconductor, Technology Companies, Turnarounds, Value Investing Tagged: BRCD, CDNS, ONNN, TKLC

Cramer Calls Cadence Design His #3 Speculative Tech Stock (CDNS, TKLC, BRCD)

247wallst — Wed, 06 May 2009 22:39:38 +0000

Jim Cramer continued adding to his basket of speculative technology stocks on tonight’s MAD MONEY on CNBC. His #3 speculative stock pick was Cadence Design Systems Inc. (NASDAQ: CDNS), a maker of electronic design automation for hardware and software tools to help semiconductor companies.

Cadence is part of his making things better and smaller play for consumer electronics. This is a $5.00 stock that Cramer said is a classic example of a screw-up. It has bounced hard and can run more. The company got its management fired after a delisting notice. It also changed its revenue recognition.

But things looked much worse than they really were. Cramer thinks the estimates are way too low after it beat estimates. He thinks this company will now have apples-to-apples comparisons. His “and there is more” is that it has $2.20 in cash and the chairman has been doing some buying of the stock.

Cramer’s first speculative tech stock this week on Monday was Tekelec (NASDAQ: TKLC), and here are the full details of that pick.
Brocade Communications Systems, Inc. (NASDAQ: BRCD) was his second speculative tech stock from Tuesday, and those full details are here.

Shares of Cadence closed up 1.2% at $5.60 in regular trading, and shares have just popped up 15% to $6.43 in the after-hours session after the post-Cramer tout. This stock’s 52-week trading range is $2.42 to $11.73.

Jon C. Ogg

Posted in Cramer, Technology Companies, Turnarounds, Value Investing Tagged: BRCD, CDNS, TKLC

The 52-Week Low Club (CHB)(BDC)(LVS)(DHI)(PHM)(LVLT)(CDNS)

247wallst — Thu, 23 Oct 2008 14:51:35 +0000

Champion Enterprises (CHB) Moody’s downgrade. Drops to $1.80 from 52-week high of $13.30.

Belden (BDC) Net income falls and forecast drops. Falls to $13.48 from 52-week high of $59.48.

Las Vegas Sands (LVS) Economic concerns hurting casinos. Sells down to $8.09 from 52-week high of $148.76.

D.R. Horton (DHI) More home builders losses. Plunges to $4.59 from 52-week high of $17.95.

Pulte Homes (PHM) Another home builder. Drops to $7.06 from 52-week high of $17.32.

Level 3 Communications (LVLT) Loses money on flat sales. Plummets to $.60 from 52-week high of $4.48.

Cadence Design Systems (CDNS) May have to restate earnings. Drops to $2.42 from 52-week high of $21.92.

Douglas A.McIntyre

Posted in HI/LOW Tagged: BDC, CDNS, CHB, DHI, LVLT, LVS, PHM

Top Pre-Market Analyst Upgrades (AMAG, ANDE, BAC, BMC, CDNS, CTXS, IPAR, JEF, MDR, MYGN, NUVA, SYMC)

247wallst — Wed, 08 Oct 2008 06:43:49 +0000

These are some of the top pre-market analyst upgrades we are seeing this Wednesday morning:

AMAG Pharmaceuticals (AMAG) Started as Overweight at JPMorgan
Andersons (ANDE) Started as Outperform at Oppenheimer
Bank of America (BAC) Raised to Market Perform at KBW
BMC Software (BMC) Raised to Neutral at JPMorgan
Cadence Design Systems (CDNS) Raised to Overweight at JPMorgan
Citrix Systems (CTXS) Raised to Overweight at JPMorgan
Inter Parfums (IPAR) Raised to Buy at Piper Jaffray
Jefferies (JEF) Raised to Market Perform at KBW
McDermott International (MDR) Started as Buy at American Tech Research
Myriad Genetics (MYGN) Started as Outperform at Oppenheimer
NuVasive (NUVA) Started as Overweight as JPMorgan
Symantec (SYMC) Raised to Overweight at JPMorgan

Jon C. Ogg
October 8, 2008

Posted in Analyst Calls Tagged: AMAG, ANDE, BAC, BMC, CDNS, CTXS, IPAR, JEF, MDR, MYGN, NUVA, SYMC

Early-Bird Analyst Upgrades & Downgrades (CDNS, BEAT, CMVT, HSY, IM, LMNX, MAN, RHI, TWGP, WDFC)

247wallst — Mon, 18 Aug 2008 06:20:22 +0000

These are not all of the early calls from analysts out there, but these are some of the calls that may impact the prices of these shares this summer Monday morning:

Cadence Design (CDNS) Raised to Buy at Citigroup.
CardioNet (BEAT) Cut to Hold at Citigroup.

Comverse Tech (CMVT) Cut to Neutral at JPMorgan.
Hershey Co. (HSY) Cut to Hold at Citigroup.
Imgram Micro (IM) Cut to Neutral at B of A.
Luminex (LMNX) Cut to Market Perform at Thomas Weisel.
Manpower (MAN) Cut to Equal Weight at Lehman.
Robert Half (RHI) Cut to Underweight at Lehman.
Tower Group (TWGP) Raised to Outperform at KBW.
WD-40 Co. (WDFC) Cut to Underweight at JPMorgan.

Jon C. Ogg
August 18, 2008

The 52-Week Low Club 7/24/2008 (CDNS)(SVU)(MU)(TIE)(CMG)(WFR)

247wallst — Thu, 24 Jul 2008 14:56:17 +0000

MEMC Electronic Materials (WFR) Results miss Wall St. forecasts. Falls to $41.58 from 52-week high of $96.08.

Chipotle Mexican Grill (CMG) Analyst downgrades. Shares off to $67.26 from 52-week high of $155.49.

Titanium Metals (TIE) Airplane customers cutting metal orders.Drops to$10.27 from 52-week high of$36.50.

Micron Technology (MU) Semiconductor sector hit hard. Sells down to $4.87 from 52-week high of $13.22.

Supervalu (SVU) Lowers earnings outlook. Dips to $24.48 from 52-week high of $44.27.

Cadence Design (CDNS) Low earnings, analysts downgrades. Hits bottom at $6.90 from 52-week high of $22.99.

Douglas A. McIntyre

The 52-Week Low Club (CDNS)(ARAY)(RNOW)(CRUS)(HSTX)

247wallst — Thu, 31 Jan 2008 16:00:12 +0000

Cadence Design Systems (CDNS) posts bad numbers and gets downgrades. Falls to $9.90 from 52-week high of $24.90.

Accuray (ARAY) The radiosurgery device maker reported disappointing fiscal second-quarter results. Trades off to $9.26 from 52-week high of $31.90.

Rightnow Technologies (RNOW) Poor financial outlook. Drops to $9.70 from 52-week high $23.38.

Cirrus Logic (CRUS) Market unhappy with profits. Falls to $4 from 52-week high of $9.44.

Harris Stratex Networks (HSTX) Weak results hit stock. Falls to $10.11 from 52-week high of $21.25.

Douglas A. McIntyre