Analog Devices (ADI) Citi's Preferred Semiconductor Pick

ON Semiconductor (ON) PT Lowered to $69 at Benchmark

Benchmark analyst Ruben Roy lowered the price target on ON Semiconductor (NASDAQ: ON) to $69.00 (from $72.00) while maintaining a Buy rating.

The analyst comments "Despite the softening macro backdrop On Semis 3Q results topped estimates on continued strength in Automotive, but ongoing softness... More

ON Semiconductor (ON) PT Lowered to $80 at Susquehanna

Susquehanna analyst Christopher Rolland lowered the price target on ON Semiconductor (NASDAQ: ON) to $80.00 (from $82.00) while maintaining a Positive rating following earnings.

The analyst commented, "Industrial weakness works into the model, but Auto/SiC mitigates some. GMs and higher 2023 capex disappoint."

ON Semiconductor (ON) PT Lowered to $72 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on ON Semiconductor (NASDAQ: ON) to $72.00 (from $79.00) while maintaining a Buy rating following earnings.

The analyst commented, "ON reported in-line SepQ rev of $2.19B, and guided DecQ down ~5% q/q (better... More

Advanced Micro Devices, Inc. (AMD) November weekly option implied volatility bid into quarter results

Advanced Micro Devices, Inc. (NASDAQ: AMD) November weekly call option implied volatility is at 96, November is at 70; compared to its 52-week range of 35 to 73 into the expected release of quarter results after the bell on November 1.

AMD Slips After Downgraded to Market Perform at Northland on China Headwinds

Northland Capital Markets Gus Richard downgraded Advanced Micro Devices (NASDAQ: AMD) to Market Perform from Outperform with a $60 per share price target, which indicated a downside risk of over 3% relative to Fridays closing price of $62.01.

The analyst sees China headwinds delaying recovery in AMD shares. The demand... More

UPDATE: Northland Capital Markets Downgrades AMD (AMD) to Market Perform, 'The Tide is Turning'

(Updated - October 31, 2022 6:46 AM EDT)

Northland Capital Markets analyst Gus Richard downgraded AMD (NASDAQ: AMD) from Outperform to Market Perform with a price target of $60.00.

The analyst comments "We believe indigenous Chinese demand will be very slow to recover. ARM CPU... More

Advanced Micro Devices, Inc. (AMD) November weekly 62 straddle priced into quarter results

Advanced Micro Devices, Inc. (NASDAQ: AMD) November weekly 62 straddle priced for a move of 9% into the expected release of quarter results after the bell on November 1.

Stifel Reiterates Buy Rating on AMD (AMD) on Positive Intel Read-Through

Stifel analyst Ruben Roy reiterated a Buy rating and $100.00 price target on AMD (NASDAQ: AMD), saying they see a positive read-through to the shares from Intel's results.

The analyst commented, "We continue to view AMD shares positively following competitor Intel's (INTC, Hold,... More

Meta Platforms (META) CapEx Spend a Net Positive For Nvidia, AMD - Wells Fargo

Wells Fargo analyst Aaron Rakers said in a note Thursday that Meta Platforms' (NASDAQ: META) CapEx guidance is positive for Arista Networks (NYSE: ANET), NVIDIA (NASDAQ: NVDA), Advanced Micro Devices, Inc. (NASDAQ: AMD), and Pure Storage, Inc. (NYSE:... More