24/7 Wall St. » MRVL

Top Analyst Upgrades & Downgrades (AIG, ADI, ARNA, COP, DMD, DOW, FOSL, HSY, JIVE, MRVL, MELI, PSX, QIHU, UBNT, YOKU)

Administrator — Wed, 09 May 2012 12:24:41 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday.

American International Group, Inc. (NYSE: AIG) Raised to Buy at Goldman Sachs.

Analog Devices, Inc. (NASDAQ: ADI) Cut to Neutral at UBS.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) Raised to Outperform at BMO.

ConocoPhillips (NYSE: COP) Resumed as Neutral at Credit Suisse.

Demand Media, Inc. (NYSE: DMD) Raised to Buy at Citigroup.

The Dow Chemical Company (NYSE: DOW) Raised to Overweight at Morgan Stanley.

Fossil, Inc. (NASDAQ: FOSL) Cut to Neutral at JPMorgan.

The Hershey Company (NYSE: HSY) Raised to Buy at Argus.

Jive Software, Inc. (NASDAQ: JIVE) Started as Hold at Needham

Marvell Technology Group Ltd. (NASDAQ: MRVL) Cut to Neutral at UBS.

Mercadolibre, Inc. (NASDAQ: MELI) Cut to Market Perform at Raymond James.

Phillips 66 (NYSE: PSX) Started as Outperform at Credit Suisse.

Qihoo 360 Technology Co. Ltd (NYSE: QIHU) Started as Buy at ThinkEquity.

Ubiquiti Networks, Inc. (NASDAQ: UBNT) Started as Outperform at Wedbush (late Tuesday call).

Youku Inc. (NYSE: YOKU) Started as Hold at ThinkEquity.

If you enjoyed the top analyst upgrades and downgrades, you can join our free email newsletter that includes analyst summaries each morning sent right to your inbox. We also cover top issues such as IPOs, special financial exclusives, mergers and more. Sign up in the box below.

JON C. OGG

Filed under: Analyst Calls Tagged: ADI, AIG, ARNA, COP, DMD, DOW, FOSL, HSY, JIVE, MELI, MRVL, PSX, QIHU, UBNT, YOKU

Apple-Fever Spreads To Its Component Makers (AAPL, AMD, BRCM, MRVL, MU, LSI, QCOM, SNDK, SWKS, TQNT)

Administrator — Wed, 25 Apr 2012 12:31:48 +0000

By now everyone in the world knows that Apple blew the door off the hinges on its latest quarterly earnings report. The consumer electronics giant overcame iPad shortages with very strong iPhone sales led by overseas markets. The Apple-fever this morning is spreading to Apple’s component suppliers and we are taking a look at some of the key suppliers for Apple.

Apple shares are up over $56.00 at $616.74 on last look and we have already seen more than 1 million shares trade in the pre-market with well over an hour until the open. Here are some of the moves in the Apple component players:

Advanced Micro Devices Inc. (NYSE: AMD) is up over 1% at $7.40 on thin volume. Broadcom Corp. (NASDAQ: BRCM) is up 4.6% at $34.42.

LSI Corporation (NYSE: LSI) is indicated up around $8.10 to $8.20 (+1% to +2%) after an $8.03 close.

Marvell Technology Group Ltd. (NASDAQ: MRVL) is down 2.2% at $15.31.

Micron Technology, Inc. (NASDAQ: MU) is up 1.5% at $6.61.

NXP Semiconductors NV (NASDAQ: NXPI) is indicated up about 1% after getting a CNBC tout as a growing Apple supplier for the next generation chips.

Qualcomm Inc. (NASDAQ: QCOM) is up 2.5% at $63.41.

SanDisk Corporation (NASDAQ: SNDK) has warned twice in recent weeks but it is getting some love as well with a gain of 1.7% at $37.10.

Skyworks Solutions Inc. (NASDAQ: SWKS) is up 7% at $25.60.

TriQuint Semiconductor Inc. (NASDAQ: TQNT) is up 10% at $5.67.

When one stock goes up, everyone looks at the other plays out there that benefit too. When Apple is so big, it leaves a lot of room for growth.

JON C. OGG

Filed under: Consumer Electronics, Semiconductor, Technology Companies Tagged: AAPL, AMD, BRCM, LSI, MRVL, MU, QCOM, SNDK, SWKS, TQNT

Is LSI Really A Screaming Buy? (LSI, STX, MRVL)

Administrator — Mon, 23 Apr 2012 12:11:47 +0000

LSI Corporation (NYSE: LSI) would probably be doing better this morning if the markets were indicated better. A report from Barron’s over the weekend called “The Little Chip Maker That Could” has the call that LSI shares could rise another 50% from the current share price. If so, then the shares could be seeing $12 or so ahead. While we would normally question an article about chasing gains endlessly, it is pretty hard to not notice that the Thomson Reuters consensus target on this issues is already $11.67.

The drive behind Barron’s high-stakes call for a 50% gain depends upon endless demand ahead for more storage and more networking capacity. LSI designs chips and software for hard drives and flash drives and the recent pop from Seagate Technology PLC (NASDAQ: STX) only adds more focus here. We would caution that most of that good news should have been anticipated in the latter part of 2011 and the start of 2012 as the shares have risen so much, but we were ahead of the catch-up game on Wall Street.

Investors should note that LSI shares are already up about 30% this year. The article cites other issues such as higher margins, above-market earnings growth ahead, a strong balance sheet, capital discipline, a streamlined operation, and other issues. While the article noted stiffer competition from Marvell Technology Group Ltd. (NASDAQ: MRVL) it also noted that Marvell was hit harder by the Thai flooding.

LSI is up 2.5% at $8.13 in early trading this Monday morning against a 52-week trading range of $4.75 to $9.20.

JON C. OGG

Filed under: Semiconductor Tagged: LSI, MRVL, STX

SanDisk Spreads Fear For All Apple Component Suppliers (SNDK, AAPL, AMD, ADI, BRCM, CY, FCS, MRVL, MU, LSI, ONNN, QCOM, SWKS, TQNT)

Administrator — Wed, 04 Apr 2012 14:59:56 +0000

The news from SanDisk Corporation (NASDAQ: SNDK) about weak demand and weak pricing was something we expected to bleed over to others in flash memory and in consumer electronics. The reality is that this is showing that being a supplier Apple Inc. (NASDAQ: AAPL) is not quite as safe and insulated as many investors might have hoped. We went back through the Apple supplier list for the component makers this morning and they are all weaker.

Maybe you can blame the less robust economic data or maybe you can still try to claim that no more QE from Ben Bernanke and friends is the reason. SanDisk Corporation (NASDAQ: SNDK) is down 8.7% at $45.68 against a 52-week range of $32.24 to $53.46. With a close of $50.05 yesterday, the fears were not very evident in the share price that weak pricing and demand were both there in flash memory. The price action in the Apple component supplier list below is uniform:

Advanced Micro Devices Inc. (NYSE: AMD) is down 3% at $7.74.

Analog Devices, Inc. (NASDAQ: ADI) is down 1.8% at $38.39.

Broadcom Corp. (NASDAQ: BRCM) is down 2.5% at $37.21.

Cypress Semiconductor Corp. (NASDAQ: CY) is down 2.2% at $14.70.

Fairchild Semiconductor International Inc. (NYSE: FCS) is down 3.2% at $14.10.

Marvell Technology Group Ltd. (NASDAQ: MRVL) is down 2.2% at $15.31.

Micron Technology, Inc. (NASDAQ: MU) is down 5.7% at $7.54.

LSI Corporation (NYSE: LSI) is down 3.4% at $8.48.

ON Semiconductor Corp. (NASDAQ: ONNN) is down 2.8% at $8.47.

Qualcomm Inc. (NASDAQ: QCOM) is down 1.4% at $67.20.

Skyworks Solutions Inc. (NASDAQ: SWKS) is down 4.5% at $26.29.

TriQuint Semiconductor Inc. (NASDAQ: TQNT) is down 3.5% at $6.32.

Apple Inc. (NASDAQ: AAPL) is down only 1.2% at $721.75 but investors have been used to it rising just about every day as analysts take their consensus price targets higher and higher. The news from SanDisk was bad, but at least the spillover and run-off is not bleeding some of the larger players in the Apple and technology ecosphere too bad.

JON C. OGG

Filed under: Consumer Electronics, Semiconductor, Wireless Tagged: AAPL, ADI, AMD, BRCM, CY, FCS, LSI, MRVL, MU, ONNN, QCOM, SNDK, SWKS, TQNT

24/7 Wall St. Closing Bell (FSLR, MNST, TSL, ARMH, MAR, Y, CROX, DECK, MRVL, MCP, SPN, ANR, JCP, NEM, CHTP, BV, KCP, RBCN, KND)

Paul Ausick — Fri, 24 Feb 2012 21:08:15 +0000

After opening higher this morning, markets rebounded from an early dip following a better-than-expected reading on consumer confidence and a bullish report on US new home sales. But sellers took over in the afternoon and the three major indexes turned south, with the DJIA falling into negative territory for the day. Crude oil continues to set new multi-month highs, with WTI ending up 1.8% for the day at $109.77/barrel, and a gain for the week of 6.3%. Brent crude is up 1.42% at $125.37/barrel. Gold settled down -0.6% at $1,776.40/ounce, but posted a weekly gain of 2.9%.

The unofficial closing bells put the DJIA down nearly 2 points to 12,983.02 (-0.01%), the NASDAQ rose more than 6 points (0.23%) to 2,963.75, and the S&P 500 rose 0.17% or more than 2 points to 1,365.74.

There were several analyst upgrades and downgrades today, including First Solar Inc. (NASDAQ: FSLR) cut to ‘neutral’ at Susquehanna; Monster Beverage Corp. (NASDAQ: MNST) reiterated as ‘Conviction Buy List’ and estimates raised at Goldman Sachs; Trina Solar Ltd. (NYSE: TSL) cut to ‘market perform’ at Wells Fargo and cut to ‘negative’ at Susquehanna; ARM Holdings plc (NASDAQ: ARMH) started as ‘overweight’ at Piper Jaffray; and Marriott International Inc. (NYSE: MAR) raised to ‘Conviction Buy List” at Goldman Sachs.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Allegheny Corp. (NYSE: Y) is up 4.4% at $315.72; Crocs Inc. (NASDAQ: CROX) is down -5.8% at $19.24 (more coverage here); Deckers Outdoor Corp. (NASDAQ: DECK) is down -14.2% at $77.39; Marvel Technology Group Ltd. (NASDAQ: MRVL) is down -3.7% at $15.46; Molycorp Inc. (NYSE: MCP) is down -7.9% at $26.80 (more coverage here); Superior Energy Services Inc. (NYSE: SPN) is down -1.8% at $29.92; Alpha Natural Resources Inc. (NYSE: ANR) is down -2.9% at $20.40 (more coverage here); J.C. Penney Co. Inc. (NYSE: JCP) is down -0.72% at $41.63; and Newmont Mining Corp. (NYSE: NEM) is down -2.3% at $62.32.

Other standouts from today include the following stocks:

Chelsea Therapeutics International Inc. (NASDAQ: CHTP) is up 61% at $3.88. The drug maker yesterday received an FDA panel approval for a drug to treat symptoms of Parkinson’s disease.

Bazaarvoice Inc. (NASDAQ: BV) is up about 37% at $16.40. Today is the social commerce site’s IPO and trading volume has topped 8.1 million on an original issue of about 9.5 million shares at $12/share. More coverage here and here.

Kenneth Cole Productions Inc. (NYSE: KCP) is up about 19% at $15.55 after posting a new 52-week high of $16.00 earlier. The apparel maker is being taken private at $15/share. More coverage here.

Rubicon Technology Inc. (NASDAQ: RBCN) is down nearly -19% at $9.87. The LED maker missed estimates and offered weak guidance for the current quarter.

Kindred Healthcare Inc. (NYSE: KND) is down nearly -15% at $10.66. The healthcare services company posted a loss last night and announced that it would not renew 7 of 10 master leases with Ventas Inc. (NYSE: VTR).

Stay tuned for Monday. We have noted the following events on the schedule (all times Eastern):

10:00 a.m. – Pending home sales index
10:30 a.m. – Dallas Fed manufacturing survey
11:30 a.m. – 3- and 6-month Treasury bill auction

Have a great weekend!

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: ANR, ARMH, BV, CHTP, CROX, DECK, FSLR, JCP, KCP, KND, MAR, MCP, MNST, MRVL, NEM, RBCN, SPN, TSL, Y

Top Analyst Upgrades & Downgrades (AKS, ALTR, BRCM, CPN, CTL, DELL, EW, JDSU, MRVL, NMR, STLD, GWW)

Administrator — Thu, 02 Feb 2012 13:32:39 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Thursday morning.

AK Steel Holding Corp. (NYSE: AKS) Cut to Underperform at BofA/ML.
Altera Corporation (NASDAQ: ALTR) Cut to Underperform as Bear of the Day at Zacks.
Broadcom Corporation (NASDAQ: BRCM) Started as Buy at Canaccord Genuity.
Calpine Corporation (NYSE: CPN) Started as Overweight at JPMorgan.
CenturyLink, Inc. (NYSE: CTL) Cut to Neutral at Goldman Sachs.
Dell Inc. (NASDAQ: DELL) Raised to Overweight at JPMorgan.
Edwards Lifesciences Corporation (NYSE: EW) Cut to Neutral at Credit Suisse.
JDS Uniphase (NASDAQ: JDSU) Cut to Neutral at UBS.
Marvell Technology Group Ltd. (NASDAQ: MRVL) Started as Buy at Canaccord Genuity.
Nomura Holdings Inc. (NYSE: NMR) Raised to Outperform at Credit Suisse.
Steel Dynamics, Inc. (NASDAQ: STLD) Cut to Neutral at BofA/ML.
W.W. Grainger, Inc. (NYSE: GWW) Maintained Outperform as Bull of the Day at Zacks.

If you enjoyed the top analyst calls, you can sign up in the box below to join our morning email list to receive news directly in your inbox each morning. We include major analyst upgrades and downgrades, IPO and M&A news, special situation developments, observations on Warren Buffett and key market gurus, as well as special exclusive feature stories.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: AKS, ALTR, BRCM, CPN, CTL, DELL, EW, GWW, JDSU, MRVL, NMR, STLD

Friday’s Top Ten Stocks on the Move (ADBE, ATHN, CVC, CAM, CRYP, ISTA, MRVL, RIMM, RRR, SINA)

Administrator — Fri, 16 Dec 2011 13:17:39 +0000

Friday is turning out to be a big day with many stocks on the move for an options expiration date. Some of the big shares with news and on the move are as follows: Adobe Systems Inc. (NASDAQ: ADBE); athenahealth, Inc. (NASDAQ: ATHN); Cablevision Systems Corporation (NYSE: CVC); Cameron International Corporation (NYSE: CAM); CryptoLogic Limited (NASDAQ: CRYP); Ista Pharmaceuticals, Inc. (NASDAQ: ISTA); Marvell Technology Group Ltd. (NASDAQ: MRVL); Research in Motion Limited (NASDAQ: RIMM); RSC Holdings, Inc. (NYSE: RRR); and Sina Corporation (NASDAQ: SINA). We have compiled news summaries on each and added color if applicable.

Adobe Systems Inc. (NASDAQ: ADBE) rose after reporting earnings of $0.67 EPS on revenues of $1.15 billion, while Thomson Reuters for earnings of 60 cents a share in the quarter on revenue of $1.09 billion. Adobe sees non-GAAP profits of ranging from 54 to 59 cents a share for its fiscal first quarter ending in February and $2.37 to $2.47 a share for the full year. Those views compare to the current average analyst estimates for earnings per share of 58 cents and $2.44 in the respective periods. Shares are up 4.7% at $27.70.

athenahealth, Inc. (NASDAQ: ATHN) is trading up about 3% at $50.50 after both Leerink Swann and Oppenheimer raised their analyst ratings.

Cablevision Systems Corporation (NYSE: CVC) is indicated down 7% after COO Rutledge resigned from the company. Interestingly enough, Reuters said that this means Cablevision could end up being in play after the resignation.

Cameron International Corporation (NYSE: CAM) is trading up about 2.2% at $45.85 after BP agreed to indemnify Cameron against current and future claims in the Deepwater Horizon disaster.

CryptoLogic Limited (NASDAQ: CRYP), which would win from any loosening online gambling regulations in America, surged in the after-hours on news that it has agreed to a buyout offer by the Amaya Gaming Group at $2.50 per share. Shares were up 35% last night at $2.14 and the 52-week trading range was $0.84 to $2.19.

Ista Pharmaceuticals, Inc. (NASDAQ: ISTA) is seeing a major pop with shares up more than 60% after the proposed $6.50 per share acquisition and buyout proposal from Valeant Pharmaceuticals International, Inc. (NYSE: VRX). Valeant is about 75-times the size of Ista, and the $6.22 share price of Ista compares to a $3.89 close on Thursday and compares to a 52-week range of $2.88 to $11.39.

Marvell Technology Group Ltd. (NASDAQ: MRVL) has not yet traded but is indicated higher by almost 1% after increasing its share buyback plan by $500 million last night.

Research in Motion Limited (NASDAQ: RIMM) just cannot get its act together. Despite what appeared to be an earnings beat, RIM guided lower, delayed a new launch due to chipset concerns, it keeps remaining on the same path, and it keeps losing market share despite having nearly 75 million Blackberry subscribers. This company just needs new management and it really needs to figure out a way to show that its security is far superior than that of smartphones from Apple or Google. Shares are down 10% at $13.58 in the pre-market session.

RSC Holdings, Inc. (NYSE: RRR) is going to be up about 50% on the United Rentals buyout at $18.00 per share.

Sina Corporation (NASDAQ: SINA) is trading lower by more than 4.3% at $50.50 after China is going to start requiring microblog users (which Sina hosts) to get users’ real names before allowing them to access posting privileges.

All of these are pre-market trading indications and some are likely to change substantially throughout the trading day.

JON C. OGG

Filed under: Pre-Market Activity, Trading Alert Tagged: ADBE, ATHN, CAM, CRYP, CVC, ISTA, MRVL, RIMM, RRR, SINA

24/7 Wall St. Closing Bell (HPQ, KO, LEN, PEP, CREE, ANN, CPWM, HNZ, CRMT, CRM, BONT, CF, MOS, FSCI, CLWR, MTOR, MRVL)

Paul Ausick — Fri, 18 Nov 2011 21:09:39 +0000

Stocks got off on a positive note this morning, but resisted the temptation to climb based on a positive reading of the leading econonmic indicators and higher estimates of US GDP growth in the fourth quarter. Consumer spending appears to be higher than expected and retailers’ inventories are falling which should lead to some re-stocking before the holiday shopping season kicks in with real force. Crude oil prices have fallen about -1.4% today, to below $97.50/barrel. Volume has been reasonably heavy as today brings the expiration of options. Gold prices are up a bit at $1,725.80. See our earlier story on the countries that own the world’s gold.

The unofficial closing bells put the DJIA up more than 25 points to 11,796.23 (0.22%), the NASDAQ fell more than 15 points (-0.60%) to 2,572.50, and the S&P 500 fell 0.04% or about 0.48 points to 1,215.65.

There were several analyst upgrades and downgrades today, including Hewlett-Packard Co. (NYSE: HPQ), which was raised to ‘buy’ at Sterne Agee. Other action included The Coca-Cola Co. (NYSE: KO) started as ‘buy’ at Jefferies; Lennar Corp. (NYSE: LEN) cut to ‘neutral’ at Citigroup; Pepsico Inc. (NYSE: PEP) started as ‘hold’ at Jefferies; and Cree Inc. (NASDAQ: CREE) started as ‘buy’ at Goldman Sachs.

Here are today’s big post-earnings news reactions with prices during the last half-hour of trading: Ann Inc. (NYSE: ANN) is down more than -6.6%, at $23.63; Cost Plus Inc. (NASDAQ: CPWM) is up more than 3%, at $7.88; H.J. Heinz Co. (NYSE: HNZ) is down more than -3%, at $51.06; America’s Car Mart, Inc. (NASDAQ: CRMT) is up more than 10%, at $35.84; Salesforce.com (NYSE: CRM) is down more than -10.5%, at $112.67; and The Bon-Ton Stores, Inc. (NASDAQ: BONT) is down more than -8%, at $2.84, after posting a new 52-week low of $2.70 earlier today.

Several other standouts from today are as follows…

CF Industries Holdings, Inc. (NYSE: CF) is up about 2.9%, at $152.46. The company’s stock got pounded yesterday on news that the corn prices fell, but are recovering a bit today as investors remember that falling corn prices don’t necessarily mean that less corn will be planted and, thus, less fertilizer will be used.

The Mosaic Co. (NYSE: MOS) is up more than 4.6%, at $53.12. Another fertilizer maker that got slammed yesterday and is recovering somewhat today.

Fisher Communications Inc. (NASDAQ: FSCI) is up about 12.7%, at $29.20. The broadcast TV station operator has sold its Fisher Plaza building in Seattle for $160 million in cash to Hines Global REIT, Inc.

Clearwire Corp. (NASDAQ: CLWR) is down nearly -21%, at $1.47. The company is reported to be considering skipping a $237 million debt payment due in two weeks, raising fears that the wireless broadband provider could end up in bankruptcy.

Meritor, Inc. (NYSE: MTOR) is down about -9.7%, at $5.12, after posting a new 52-week low of $5.11 earlier in the day. Shares lost -17% earlier this week when the company lowered its guidance for 2012 and the stock was downgraded today from ‘buy’ to ‘hold’ at KeyBanc.

Marvell Technology Group Ltd. (NASDAQ: MRVL) is up more than ;6.8%, at $14.70. The chip maker reported so-so earnings yesterday, but strong positive statements by analysts at FBR and Citi have turned broken eggs into an omelette.

Stay tuned for Monday. Atlanta Federal Reserve Bank president Dennis Lockhart is speaking in Brazil. Here’s a list of other noteworthy events (all times Eastern):

8:30 a.m. – Chicago Federal Reserve Bank national activity index
10:00 a.m. – National Association of Retailers existing home sales report

Have a great weekend.

Paul Ausick

Filed under: Analyst Calls, HI/LOW, Market Close Tagged: ANN, BONT, CF, CLWR, CPWM, CREE, CRM, CRMT, FSCI, HNZ, HPQ, KO, LEN, MOS, MRVL, MTOR, PEP

Top Active Trader Alert Stocks (BCSI, MRVL, MRBS)

Mike Sauter — Fri, 18 Nov 2011 14:01:54 +0000

Crude oil is at $99.92, up 1.01%

Gold is at $1,727, up 0.40%.

Hong Kong’s Hang Seng closed down 1.73% to 18,491.

Japan’s Nikkei closed lower by 1.24% to 8,375.

The U.S. 10-year is at 2.00%, up 0.o4%.

The FTSE is down .61% to $5,390.

The DAX is up 0.16% to $5,859.

Rambus, Inc. (NASDAQ: RMBS) is up 5.8% before market open to $9.29, relative to a 52-week range of $4.00 – $22.80.

Marvell Technology Group Ltd. (NASDAQ: MRVL) is up 5.5% premarket to $14.54, relative to a 52-week range of $11.23 – $22.01.

Blue Coat Systems, Inc. (NASDAQ: BCSI) is up 19.2% before market open to $20.16, relative to a 52-week range of $12.25 – $32.22.

Filed under: Pre-Market Activity, Trading Alert Tagged: BCSI, MRBS, MRVL

Expected Price Gains for Chip Maker Stocks (INTC, AMD, TXN, BRCM, MRVL, XLNX, AMAT, ARMH, NVDA, QCOM)

Paul Ausick — Wed, 26 Oct 2011 19:11:27 +0000

Nearly every forecast for PC sales indicates slower growth in desktop and laptop sales, waning sales of netbooks, and rising, if not booming, sales for mobile devices like smartphones and tablets. If those forecasts are borne out, chip makers for mobile devices could suck a lot of the air out of the PC microprocessor market, but could also invigorate the server market.The issue for mobile chip makers is competition. There are several companies designing and making the chips that run all those smartphones and tablets, and a clear winner has yet to be named. Our look at chip-maker stocks today includes Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Texas Instruments Inc. (NYSE: TXN), Broadcom Corp. (NASDAQ: BRCM), Marvel Technology Group Ltd. (NASDAQ: MRVL), Xilinx Inc. (NASDAQ: XLNX), Applied Materials Inc. (NASDAQ: AMAT), ARM Holdings, plc (NASDAQ: ARMH), Nvidia Corp. (NASDAQ: NVDA), and Qualcomm Inc. (NASDAQ: QCOM).All data comes from Yahoo! Finance and MarketWatch, and share prices were gathered shortly after noon today.

1. Intel Corp. (NASDAQ: INTC)
Intel has a median target price of $27.00 from 36 brokers. Shortly after noon today, shares are trading today at $24.56, for an implied gain of $2.44, or 10%. Intel’s forward P/E is 9.6 and the company does pays a dividend yield of 3.4%. The stock’s 52-week trading range is $19.16-$24.84, and at today’s price that’s about 28% above its 52-week low, posted earlier this morning, and 1% below the 52-week high. Intel posted record revenue in the third quarter, but the company still hasn’t made a significant dent in the mobile device market. Its Atom microprocessor sales were down -32% year-over-year as netbook sales continue to slide. The company is gearing up a big push for its low-profile, low-power laptops called Ultrabooks, which are aimed at a market niche now dominated by the MacBook Air from Apple Inc. (NASDAQ: AAPL).

Also Read: A New Blow To Housing: More Boomers Will Stay Put

2. Advanced Micro Devices Inc. (NYSE: AMD)
AMD has a median target price of $6.50 from 27 brokers. Shares are trading today at $4.99, for an implied gain of $1.51, or 30%. AMD’s forward P/E is 8.81 and the company does not pay a dividend. The stock’s 52-week trading range is $4.31-$9.58, and at today’s price that’s about 16% above its 52-week low, posted earlier this morning, and 48% below the 52-week high. AMD posts third-quarter earnings tomorrow, and analysts are expecting EPS of $0.10 on sales of $1.65 billion. That’s $0.05 less per share than the company earned in the year-ago quarter. For the December quarter, analysts currently expect EPS of $0.15, which would beat the year-ago quarter by a penny. The company finally hired a new CEO in August, but even he is unlikely to turn this company around any time soon.

3. Texas Instruments Inc. (NYSE: TXN)
Texan Instruments has a median target price of $32.00 from 33 brokers. Shares are trading today at $30.89, for an implied gain of $1.11, or 4%. TI’s forward P/E is 12.83 and the company pays a dividend yield of 2.1%. The stock’s 52-week trading range is $24.34-$36.71, and at today’s price that’s about 27% above its 52-week low, posted earlier this morning, and 16% below the 52-week high. TI recently completed its acquisition of National Semiconductor, and that could help it next quarter. It’s earnings in the third quarter were barely newsworthy, but several analysts are bullish on the stock going forward, mainly due to TI’s low cost structure. There’s barely anything in the company’s recent performance to substantiate a positive outlook on this stock, so analysts are looking into a crystal ball and seeing what they were looking for.

4. Broadcom Corp. (NASDAQ: BRCM)
Broadcom has a median target price of $45.00 from 35 brokers. Shares are trading today at $34.86, for an implied gain of $10.14, or 29%. Broadcom’s forward P/E is 11.22 and the company pays a dividend yield of 1%. The stock’s 52-week trading range is $29.05-$47.39, and at today’s price that’s about 20% above its 52-week low, posted earlier this morning, and 26% below the 52-week high. Broadcom reported weak earnings yesterday and guided fourth quarter earnings lower. The company makes chips for mobile devices from Apple, Samsung, and Nokia Corp. (NYSE: NOK), and its business should be better than it is. The company needs to get bigger orders from these customers or it needs to push its way into a supply deal with a low-cost Chinese mobile phone maker.

Also Read: Sony Goes All In On Smartphone Market

5. Marvel Technology Group Ltd. (NASDAQ: MRVL)
Marvel has a median target price of $18.25 from 30 brokers. Shares are trading today at $13.51, for an implied gain of $4.74, or 35%. Marvel’s forward P/E is 9.01 and the company does not pay a dividend. The stock’s 52-week trading range is $11.23-$22.01, and at today’s price that’s about 20% above its 52-week low, posted earlier this morning, and 39% below the 52-week high. Marvel stock has the highest implied gain of any stock we’ve looked at here. Its price has fallen recently due to flooding in Thailand, where Western Digital Corp. (NYSE: WDC) uses Marvel chips in its disk drive production and where manufacturing is not expected to be back at full capacity until the first quarter of next year.

Filed under: Analyst Calls, Consumer Electronics, Hardware, Industry, Semiconductor, Semiconductors, Technology Tagged: AMAT, AMD, ARMH, BRCM, INTC, MRVL, NVDA, QCOM, TXN, XLNX