Posts for Ticker ‘MXIM’

Top Analyst Upgrades (ARUN, CTV, DPS, ESRX, GENZ, ISRG, LRCX, MXIM, NUAN)

These are some of the top analyst upgrades and positive research calls we have seen this Tuesday morning from Wall Street:

Aruba Networks (ARUN) Raised to Neutral at JPMorgan.
CommScope (CTV) Raised to Overweight at JPMorgan.
Dr Pepper Snapple (DPS) Raised to Neutral at JPMorgan.
Express Scripts (ESRX) Raised to Buy at UBS.
Genzyme (GENZ) Started as Buy at Collins Stewart.
Intuitive Surgical (ISRG) Raised to Buy at Lazard.
Lam Research (LRCX) Raised to Outperform at Oppenheimer.
Maxim (MXIM) Raised to Buy at Canaccord.
Nuance Communications (NUAN) Started as Buy at Canaccord.

JON C. OGG

Posted on: April 14, 2009 – 7:30 am in Analyst Calls, , , , , , , , ,

Top Analyst Upgrades & Downgrades (KG, MXIM, NWL, WFMI, WY, LM, POWI, S)

These are some of the top pre-market analyst upgrades and downgrades from Wall Street this Monday morning:

  • King Pharma (KG) Raised to Overweight at Wachovia.
  • Maxim Integrated Products (MXIM) Raised to Market Perform at FBR.
  • Newell-Rubbermaid (NWL) Raised to Buy at B of A Merrill.
  • Whole Foods (WFMI) Raised to Market Perform at FBR.
  • Weyerhaueser (WY) Raised to Buy at Deutsche Bank.
  • Legg Mason (LM) Cut to Underperform at B of A Merrill.
  • Power Integrations (POWI) Cut to Sell at Piper Jaffray.
  • Sprint-Nextel (S) Cut to Market Weight at Wachovia.

JON C. OGG

Posted on: March 16, 2009 – 7:06 am in Analyst Calls, , , , , , , ,

One Last Day of Chip Earnings (BRCM, IDTI, KLAC, MXIM, MCHP, PMCS, RMBS, VSEA)

Semiconductor_imageFor those who have felt that this earnings season was one of the more dismal moments for technology, today should mostly mark the end for the semiconductor companies and related stocks.  Not entirely, but mostly.  On deck after the close are Broadcom Corp. (NASDAQ: BRCM), Integrated Device Technology Inc. (NASDAQ: IDTI), KLA-Tencor Corporation (NASDAQ: KLAC), Maxim Integrated Products Inc. (NASDAQ: MXIM), Microchip Technology Inc. (NASDAQ: MCHP), PMC-Sierra Inc. (NASDAQ: PMCS), Rambus Inc. (NASDAQ: RMBS), and Varian Semiconductor Equipment Associates Inc. (NASDAQ: VSEA).

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Posted on: January 29, 2009 – 1:51 pm in Earnings, Semiconductor, , , , , , , ,

Top Pre-Market Analyst Downgrades (AMLN, BIIB, CIEN, XOM, GFA, MXIM, BTU, SLT, SPWRA)

Burning_money_picThese are some of the top pre-market downgrades and cautious calls we have seen from Wall Street analysts this Wednesday morning:

  • Amylin Pharmaceuticals (AMLN) Cut to Sell at Canaccord Adams.
  • Biogen Idec (BIIB) Started as Sell at Brean Murray.
  • Ciena (CIEN) Cut to Underperform at Credit Suisse.
  • Exxon Mobil (XOM) Cut to Neutral at UBS.
  • Gafisa (GFA) Cut to Neutral at UBS.
  • Maxim Integrated (MXIM) Cut to Equal Weight at Barclays.
  • Peabody Energy (BTU) Cut to Market Perform at FBR.
  • Sterlite Industries (SLT) Cut to Sell at Citigroup.
  • Sunpower (SPWRA) Cut to Accumulate at ThinkEquity.

Jon C. Ogg
January 28, 2009

Posted on: January 28, 2009 – 8:40 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Downgrades (ADTN, AZ, CY, F, GPS, GM, IFX, LEN, ERIC, MXIM, PGR, WFMI)

Burning_money_picThese are some of the key analyst downgrades and negative calls we have seen this Tuesday morning:

  • ADTRAN (ADTN) Cut to Neutral at Baird.
  • Allianz (AZ) Started as Underperform at Jefferies.
  • Cypress Semi (CY) Cut to Underweight at JPMorgan.
  • Ford (F) Started as Sell at Societe Generale.
  • Gap Inc. (GPS) Cut to Market Perform at FBR.
  • General Motors (GM) Started as Sell at Societe Generale.
  • Infineon (IFX) Cut to Neutral at UBS.
  • Lennar (LEN) Cut to Neutral at UBS.
  • LM Ericsson (ERIC) Cut to Sell at Deutsche Bank.
  • Maxim Integrated (MXIM) Cut to Underweight at JPMorgan.
  • Progressive (PGR) Cut to Sell at Citigroup.
  • Whole Foods (WFMI) Cut to Underweight at JPMorgan.

Jon C. Ogg
December 16, 2008

Posted on: December 16, 2008 – 7:46 am in Analyst Calls, , , , , , , , , , , ,

Top Early Bird Analyst Calls (JBT, XPRT, PTRY, SNY, ERIC, LLTC, MXIM, NSM, NFC, RTP, SAI)

Money_stack_pic_2These are some of the top pre-market analyst upgrades, downgrades, and initiations we are seeing early this Monday morning with more than two hours until the open:

  • John Bean Technologies (JBT) Started as Buy at Janney Montgomery.
  • LECG Corp. (XPRT) Raised to Buy at UBS.
  • Pantry Inc. (PTRY) Raised to Outperform at FBR.
  • Sanofi-Aventis (SNY) Raised to Overweight at Morgan Stanley.
  • Ericsson (ERIC) Cut to Underperform at Credit Suisse.
  • Linear Tech (LLTC) Cut to Underperform at FBR.
  • Maxim Integrated (MXIM) Cut to underperform at FBR.
  • National Semiconductor (NSM) Cut to Market Perform at FBR.
  • Nationwide Financial (NFC) Cut to Neutral at UBS.
  • Rio Tinto (RTP) Cut to Hold at Canaccord.
  • SAIC (SAI) Cut to Underweight at JPMorgan.

Jon C. Ogg 
November 24, 2008

Posted on: November 24, 2008 – 7:16 am in Analyst Calls, , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ADBL, GOOG, LOW, MXIM, MEDX, MS, MOT, OI, TIVO, DIS)

Below are ten of the top analysts calls that247WallSt.com is looking at this morning:

  • Audible (NASDAQ: ADBL) downgraded to Hold from Buy at Citigroup.
  • Google (NASDAQ: GOOG) downgraded to Hold from Buy at Jefferies.
  • Lowe’s (NYSE: LOW) downgraded to Hold from Buy at Citigroup.
  • Maxim Integrated (NASDAQ: MXIM) downgraded to Hold from Buy at Jefferies.
  • Medarex (NASDAQ: MEDX) raised to Neutral from Sell at Banc of America.
  • Morgan Stanley (NYSE: MS) downgraded to Neutral from Buy at Goldman Sachs.
  • Motorola (NYSE: MOT) raised to Buy at Citigroup.
  • Owens-Illinois (NYSEO: OI) raised to Buy from Hold at Deutsche Bank.
  • TiVo (NASDAQ: TIVO) downgraded to Underperform from Market Perform at FBR.
  • Walt Disney (NYSE: DIS) raised to Outperform from Market Perform at Oppenheimer.

Jon C. Ogg
February 1, 2008

Posted on: February 1, 2008 – 7:43 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AEM, NILE, BP, GLDN, PCZ, MXIM, NMX, OXY, QELP, BRCD, WDC, STX, ELX, RVBD)

These are not the only analyst and research notes out there affecting stocks the morning, but below are the top research calls that 24/7 Wall St. is focusing on in pre-market trading this Wednesday:

  • Agnico-Eagle Mines (AEM) raised to Buy at Merrill Lynch.
  • Blue Nile (NILE) raised to Buy from Hold at Citigroup.
  • BP plc (BP) downgraded to Neutral from Overweight at J.P.Morgan.
  • Golden Telecom (GLDN) downgraded to Neutral from Overweight at J.P.Morgan.
  • Maxim Integrated (MXIM) raised to Buy from Hold at Citigroup.
  • NYMEX Holdings (NMX) raised to Buy from Hold at Deutsche Bank.
  • Occidental Petroleum (OXY) raised to Overweight at Morgan Stanley.
  • Quest Energy Partners (QELP) off quiet period: started in coverage as Outperform at FBR, as Outperform at RBC Capital Markets and as Outperform at Wachovia.
  • Petro-Canada (PCZ) downgraded to Underweight at Morgan Stanley.
  • BANC OF AMERICA neutral on many tech names: Brocade (BRCD), Seagate (STX) & Western Digital (WDC) both started as Neutral.  Riverbed Tech (RVBD) started as Neutral. Emulex (ELX) started as BUY.

Jon C. Ogg
December 19, 2007

Posted on: December 19, 2007 – 8:02 am in Analyst Calls, , , , , , , , , , , , , ,

Goldman Sachs Pairs Trade: Long Maxim, Sell Intersil (MXIM, ISIL)

Maxim Integrated Products (MXIM) has found itself in a strange predicament over its listing status, but Goldman Sachs doesn’t seem to care.  Maxim (MXIM) is being added to Goldman Sachs’ Conviction Buy List, although it says there is no change to above-consensus estimates or to the 14% projected upside at a $33 price target.  Goldman is adding Intersil (ISIL) to its Conviction Sell List, although it already has a sell rating on the shares.  Goldman is not changing its $29 target with 13% downside.

Interestingly enough, the basis for this call appears to be a pairs trade (arbitrage on price moves) with a LONG MXIM and SHORT ISIL thesis.  It is based upon valuation gaps of nearly 30% on 2008 P/E ratio estimates and a 50% gap on EBITDA projections, despite estimates of 11-13% earnings growth for both.  The 20% underperformance of MXIM along with the delisting are looked at for a reversion.  Solid trends are also noted at both companies, although Goldman Sachs noted that this looks priced in at ISIL based upon positive pre-announced earnings (Goldman believes this is not priced in on MXIM).  There is even a note that a possible market inefficiency exists due to Thomson using GAAP EPS for MXIM and non-GAAP EPS for ISIL.

Jon C. Ogg
October 4, 2007

Posted on: October 4, 2007 – 7:30 am in Analyst Calls, Semiconductor, , , ,

Pre-Market Analyst Calls (October 4, 2007)

AAPL started as Buy at BMO Capital.
AVR cut to Neutral at JPMorgan.
BIOF cut to Neutral at JPMorgan.
CHIC cut to Neutral at JPMorgan.
CIEN raised to Neutral at UBS.
COO cut to Underperform at Bear Stearns.
ENDP cut to Hold at Jefferies.
ESL cut to Neutral at JPMorgan.
FCL started as Outperform at FBR.
FISV raised to Overweight at JPMorgan.
HANS cut to Neutral at Goldman Sachs (see full note).
LIFC raised to Outperform at Piper Jaffray.
MOT target raised to $22 at Lehman.
MPWR raised to Buy at Goldman Sachs.
MXIM raised to Buy at Goldman Sachs.
MYL raised to Overweight at JPMorgan.
NGLS removed from Goldman Sachs conviction buy list.
NHY raised to Overweight at JPMorgan.
NTRI cut to Hold at Lazard.
PNRA raised to Overweight at JPMorgan.
RAD raised to Neutral at HSBC.
SAP raised to Buy at Sun Trust; downgraded at Bernstein.
SHW raised to Buy at UBS.
SLAB cut to Hold at Citigroup.
SPF raised to Neutral at UBS.
WFT cut to Neutral at B of A.
WTSLA cut to Neutral at JPMorgan.
X started as Underweight at JPMorgan.

Wachovia initiated major technology companies today, but it appears that this was part of the A.G.Edwards transitioning this week (AMD, INTC, TXN, DELL, IBM, HPQ, NOK, QCOM, BRCM, MOT, JAVA).  Here is a full list.

Jon C. Ogg
October 4, 2007

Posted on: October 4, 2007 – 7:00 am in Analyst Calls, , , , , , , , , , , , , ,

Pre-Market Analyst Calls (September 4, 2007)

ABY raised to Neutral at UBS.
AMD raised to neutral at Credit Suisse.
AG raised to neutral at Credit Suisse.
AEO raised to Outperform at Cowen.
BLOG started as Outperform at Wachovia.
DVA raised to Buy at Deutsche Bank.
EXEL cut to Mkt Perform at Wachovia.
FCSX raised to BUy at B of A.
HOKU raised to Mkt Perform at Piper Jaffray.
HSII cut to Sell at UBS.
INFA started as Outperform at CIBC.
KFN cut to Sell at UBS.
KOP cut to Hold at Jefferies.
KPN cut to Hold at Citigroup.
KSU raised to Buy at UBS.
MNST cut to Neutral at UBS.
MXIM started as Outperform at RBC Capital.
OII started as Overweight at JPMorgan.
OTE cut to Peer Perform at Bear Stearns.
PCG raised to Overweight at Lehman.
RDS/A raised to Buy at UBS.
RHI cut to Neutral at UBS.
RIMM cut to Peeer Perform at Bear Stearns.
SMOD cut to Hold at Citigroup.
SPR started as Overweight at Lehman.
TEF cut to Hold at Citigroup.
TMA raised to Outperform at FBR.
TYC raised to Buy at Deutsche Bank.
TYPE started as Buy at B of A.
TYPE started as Buy at Jefferies.
WEC raised to Overweight at Lehman.

Jon C. Ogg
September 4, 2007

Posted on: September 4, 2007 – 7:12 am in Analyst Calls, , , , , , , , , , , , , , , , , , , ,

Short Interest: NASDAQ Semiconductor Stocks (June, 2007)

Stock Tickers: QQQQ, NVDA, MXIM, AMAT, INTC, KLAC, MCHP, SNDK, ISIL, ALTR, ATML, LLTC, NVLS, ONNN, XLNX, IDTI

This pretty much confirms the rise in the June-2007 short interest of NYSE-listed chip stocks that we observed last week.  Here is the short interest for June 2007 versus May 2007, and we noted the change on each.

Stock (Ticker)                                          June        May    Change
NVIDIA (NVDA)                                        20.7M    11.7M    +76.5%
Maxim Integrated Prod. (MXIM)            11.9M    9.16M    +29.8%
Applied Materials (AMAT)                        53M    41.59M   +27.48%
Intel (INTC)                                            100.1M    81.2M    +23.3%
KLA-Tencor (KLAC)                              21.14M    17.1M    +23.2%
Microchip Tech.    (MCHP)                     8.77M    7.64M    +14.8%
SanDisk (SNDK)                                   24.57M   21.58M   +13.9%   
Intersil Corp. (ISIL)                                 7.86M     7.76M     +1.2%
Altera (ALTR)                                           22.1M     21.9M     +1%
Atmel (ATML)                                           10.6M     9.70M     +9.9%
Linear Tech (LLTC)                                18.4M     18.4M      flat
Novellus (NVLS)                                     15.1M      15.3M     -1.1%
ON Semiconductor (ONNN)                 24.1M      25.5M    -5.7%
RAMBUS (RMBS)                                               7.62M        8.27M      -7.9%
Xilinx (XLNX)                                           21.28M    23.9M      -10.9%
Integrated Device Tech. (IDTI)              4.27M     5.56M     -23%

The NASDAQ 100 Trust (QQQQ) saw its short interest rise more than 26%, with its short interest carried at 197.6 million shares in June compared to 156.6 million in May.

Jon C. Ogg
June 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 27, 2007 – 3:45 am in Semiconductor, Short Interest, , , , , , , , , , , , , , , , ,