ThinkEquity Sees Micron (MU), Entropic (ENTR), Mindspeed (MSPD), Cavium (CAVM) as Takeover Targets Following Google/Motorola Deal
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Price: $338.20 -1.02%
Rating Summary:
44 Buy, 6 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
44 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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ThinkEquity's Krishna Shankar has offered up a number of takeover candidates following the huge news from Monday morning that Google (Nasdaq: GOOG) has agreed to acquire Motorola Mobility (NYSE: MMI) in a $12.5 billion deal.
The analyst believes Intel (Nasdaq: INTC) could make a play at Micron (NYSE: MU), a move which would effectively bring DRAM and NAND in house.
Shankar also called Entropic (Nasdaq: ENTR), Mindspeed (Nasdaq: MSPD) and Cavium Networks (Nasdaq: CAVM) potential targets in the small-cap semi sector.
ThinkEquity currently rates shares of Micron, Entropic and Mindspeed Buys and Cavium shares a Hold.
Micron shares are up 3.4 percent Monday afternoon, Entropic shares are up 8.3 percent, shares of Mindspeed are up 2 percent and Cavium shares are down about 1 percent to $30.63.
The analyst believes Intel (Nasdaq: INTC) could make a play at Micron (NYSE: MU), a move which would effectively bring DRAM and NAND in house.
Shankar also called Entropic (Nasdaq: ENTR), Mindspeed (Nasdaq: MSPD) and Cavium Networks (Nasdaq: CAVM) potential targets in the small-cap semi sector.
ThinkEquity currently rates shares of Micron, Entropic and Mindspeed Buys and Cavium shares a Hold.
Micron shares are up 3.4 percent Monday afternoon, Entropic shares are up 8.3 percent, shares of Mindspeed are up 2 percent and Cavium shares are down about 1 percent to $30.63.
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