RBC Takes the Hatchet to Semis (SMH) (INTC) (TXN) (ADI) (NVDA)

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RBC Capital Upgrades Broadcom (BRCM) to Outperform; Rising Dollar and Unit Trends Ahead

September 18, 2012 6:27 AM EDT

RBC Capital upgraded Broadcom (NASDAQ: BRCM) from Sector Perform to Outperform with a price target of $46.00 (from $38.00), despite a broader Semiconductor Sector downgrade.

Analyst Doug Freedman comments, "Product pipeline is ripe with potential content and unit increases ahead, as the rate of... More

RBC Capital Downgrades NVIDIA (NVDA) to Sector Perform; PC and non-Apple Tablet Headwinds are Concerning

September 18, 2012 6:25 AM EDT

RBC Capital downgraded NVIDIA (NASDAQ: NVDA) from Outperform to Sector Perform with a price target of $15.00 (from $20.00) as part of broader Semiconductor Sector downgrade.

Analyst Doug Freedman comments, "In the near-term while the company is gaining share from AMD in the discrete... More

RBC Capital Downgrades Texas Instruments (TXN) to Sector Perform, Signs of Slower Order Trends

September 18, 2012 6:24 AM EDT

RBC Capital downgraded Texas Instruments (NASDAQ: TXN) from Outperform to Sector Perform with a price target of $28.00 (from $32.00) As part of broader Semiconductor Sector downgrade.

Analyst Doug Freedman comments, "TXN's commentary during its mid-quarter update on weakening end-market health, slowing order trends, and lean... More

RBC Capital Downgrades Intel (INTC) to Sector Perform, PC Market Headwinds Lead Us to Reduce Unit Estimates

September 18, 2012 6:21 AM EDT

RBC Capital downgraded Intel (NASDAQ: INTC) from Outperform to Sector Perform with a price target of $24.00 (from $28.00) as part of broader Semiconductor Sector downgrade.

Analyst Doug Freedman comments, "Our broader sector downgrade reflects the level of semiconductor internal inventories, which remain... More