Citi Comments on US Semiconductors and China Restrictions: 'fundamental investor concern remains an uninspiring flat to up 2026 WFE setup'
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Taiwan Semi (TSM) Trades HOD, +1.10pct
December 3, 2024 12:58 PM ESTTaiwan Semi (NYSE: TSM) Trades HOD, +1.10pct
Earlier: Jefferies: 'US Semi Export Controls - Better Than Feared, but Likely Not the End'... MoreEvercore ISI Reiterates In Line Rating on Intel (INTC)
December 3, 2024 5:18 AM ESTEvercore ISI analyst Mark Lipacis reiterated an In Line rating and $26.00 price target on Intel (NASDAQ: INTC).
The analyst comments "We reiterate our In Line rating post Intels announcement that its CEO retired. The board recognized the progress made under Gelsingers leadership in closing the transistor gap with TSMC, but our sense it was frustrated that the improving transistor technology did not manifest in a reversal in share loss, and wants a new CEO to focus on products. The CPU market has been flattish with increasing competition and while we... More
Citi Reiterates Buy Rating on Marvell (MRVL)
December 3, 2024 4:58 AM ESTCiti analyst Atif Malik reiterated a Buy rating and $91.00 price target on Marvell (NASDAQ: MRVL).
The analyst comments "Free Fire revenues rose 36% y/y. MAU rose 6% y/y. NFS Mobile was launched on Oct 31st and had 400k downloads in Nov. Delta... More
Marvell (MRVL) PT Raised to $114 at Stifel
December 2, 2024 11:00 AM ESTStifel analyst Tore Svanberg raised the price target on Marvell (NASDAQ: MRVL) to $114.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "Expect Oct Q results in-line with or slightly higher than our $1.45bn rev estimate, with possible upside from Data Center... More
Stifel Reiterates Hold Rating on Intel (INTC), 'No change to investment thesis'
December 2, 2024 10:55 AM ESTStifel analyst Ruben Roy reiterated a Hold rating and $25.00 price target on Intel (NASDAQ: INTC).
The analyst comments "INTC announces retirement of CEO Pat Gelsinger. Prior to market open, INTC announced that CEO Pat Gelsinger retired from the company and stepped down from the Board effective December 1st. David Zinsner (EVP and CFO) and Michelle Johnston Holthaus (previously EVP and GM of the Client Computing Group), were named Interim Co-Chief Executive Officers, with Ms. Johnston... More
