Shares of chipmaker Nvidia  moved lower Tuesday, ahead of a stock split.

In late May, Nvidia told investors that it would execute a four-for-one stock split beginning on July 20, that included shareholders of record on June 21.This would lead to an investor holding one share at $750 each to four at $187.80 each, but without any change to the chipmaker's market value.

The company’s shares have rallied around 52% so far this year, on the back of  gaming and cryptocurrency mining and its expanding footprint in artificial intelligence.

Semiconductor company Nvidia's  shares got a price-target boost from Truist, based on demand in gaming and cryptocurrency industries.

Analyst at Truist raised the price target on the shares to $910 from $768.That followed BMO Capital Markets analyst Ambrish Srivastava’s rice target boost to a Wall Street high of $1,000 from $975.

Analysts have been optimistic about Nvidia shares after the company beat its first quarter results on the back of demand for its graphics cards and chips using for both gaming and crypto mining.

Semiconductor company Nvidia  shares got a prcie target boost from Keybanc, on expectations of continued solid demand for video graphics cards and other products used in cryptocurrency and gaming industries.

Keybanc analyst John Vinh raised his one-year price target on Nvidia shares to $950 from $775.This follows BMO Capital Markets analyst Ambrish Srivastava’s price target hike on the shares last Thursday to a Wall Street high of $1,000 from $975. 

Nvidia received optimistic outlook from analysts following company’s better-than-expected first-quarter results, on the back of  strong demand for its graphics cards and chips that have uses in gaming and digital coin mining.

Shares of chipmaker Advanced Micro Devices rose on Thursday, following a report that said the European Commission hasn’t objected to the company’s proposed $35 billion acquisition of Xilinx . Citing knowledgeable source, Dealreporter mentioned that the Commission hasn’t called on a state-of-play meeting in its Phase I investigation of the deal. In April, the two semiconductor companies...

Advanced Micro Devices   shares climbed  Wednesday, after the chipmaker provided strong guidance on current-quarter sales and a solid full-year outlook.

AMD expects June quarter revenues in the region of $3.6 billion, with a range of plus or minus $100 million, and a non-GAAP gross margin of 47%. For the full 2021 financial year, AMD projects revenue growth of +50%, indicating a total of around $14.65 billion, on expectations that semiconductor supply chain bottlenecks will subside over the second half of the year.

The company’s first quarter earnings surged +150% year-over-year to 45 cents per share, with revenues up +92% to $3.45 billion. 

 

 

Intel Corp.  reported first quarter earnings that surpassed analysts’ expectations.However, the semiconductor & tech behemoth indicated that investments in new manufacturing foundries would likely affect near-term profit margins.

Intel’s earnings came in at $1.39 per share , beating the $1.15 per share expected by analysts.

Micron Technology posted fiscal-second-quarter adjusted earnings that surpassed Wall Street expectations. The chipmaker’s adjusted earnings for the quarter ended March 4 came in at 98 cents a share – doubling from the year-ago quarter’s 45 cents – and topping the 95 cents expected by analysts polled by FactSet. Revenue for the quarter climbed +30% year-over-year to $6.24 billion , compared to...

Shares of semiconductor company Advanced Micro Devices got upgraded to outperform from market perform at Northland Capital Markets. The analysts cited industry peer Intel's "faux pas" as factor behind the upgrade. The investment firm cited its expectation that the semiconductor company will continue to gain market share after rival Intel "made a strategic faux pas." Intel will be competing...

Chipmaker Nvidia beat analysts expectations on earnings. The company’s adjusted earnings came in at $3.10 per share, compared to $2.81 per share expected by analysts polled by Refinitiv. Revenue of $5.00 billion also exceeded the $4.82 billion predicted by analysts. Nvidia said that it planned to sell cryptocurrency-focused cards to industrial miners starting in March. However, CEO Jensen...

Stocks with high short interest or high short interest ratios have been all over the news this week, thanks to the insane rallies from Gamestop (GME) and AMC Networks (AMCX). The crazy jumps in those two stocks have caused additional interest in almost all stocks with high short interest ratios. A number of stocks have rallied more than 20% simply because they have higher short interest than...

Despite the low trading volume and lack of excitement, there were three different semiconductor companies that saw bullish signals generated by Tickeron’s A.I.dvisor.The signals all three showed very high confidence levels for a move higher in the next month.

Microchip Technology (MCHP), Texas Instruments (TXN), and Xilinx (XLNX) all saw bullish signals generated on December 30 and the signals showed confidence levels of 88% and 89%.

All three stocks have seen big gains since the March low, but all three have also experienced small downturns in the last few weeks.

Digging deeper in to the companies and their fundamentals, the Tickeron Fundamental Analysis Screener shows a number of positive signs for all three.

 Activist hedge fund Third Point LLC is urging Intel Corp. to explore strategic alternatives, according to a letter it sent to the company’s chairman on Tuesday.

The alternatives include decisions such as whether Intel should keep chip design and production arms under one entity.It could also lead to the unwinding of some of its acquisitions, such as the $16.7 billion purchase of Altera in 2015 (as reported by Reuters).

Third Point has nearly $1 billion stake in Intel, according to people familiar with the matter(as reported by Reuters).

Reuters reported that Third Point Chief Executive Daniel Loeb wrote to Intel Chairman Omar Ishrak pushing for immediate action to bolster the company’s position as a major provider of processor chips for PCs and data centers.

In June 2018, I made a concerted effort to increase my article submissions at SA and one of the first articles I wrote back then was an earnings preview on Micron Technology (MU).I liked the fundamentals on the stock, but the stock had rallied sharply and the sentiment indicators were concerning. Two and a half years ago, earnings and sales growth were the highlights of the fundamental picture.

Nvidia Corp.  beat Q3 earnings and revenue expectations.This includes impact of a major purchase from a China-based client, and its recent acquisition of Israel-based networking group Mellanox. Gaming revenue surged +37% year-over-year to $2.27 billion. According to Nvidia, gaming revenue is likely to  continue to accelerate.

Advanced Micro Devices  got a rating upgrade from  Goldman Sachs.  Goldman analysts boosted the rating on the semiconductor maker’s shares to buy from neutral.They added them to Goldman’s Conviction List. Goldman analysts lifted their share-price target to $96 from $84. The analyst cited share gains across the personal-computer and server central-processing-unit markets,  gross-margin expansion, and  operational expenditure leverage, driving above-consensus earnings growth. “The recent correction in the stock … presents a compelling opportunity to participate in what we expect to be a multi-year share gain and margin expansion story,” the analysts wrote.

Inphi will be worth $157.83 a share, according to the deal’s terms. "Our acquisition of Inphi will fuel Marvell's leadership in the cloud and extend our 5G position over the next decade," said Matt Murphy, Marvell CEO and president."Inphi's technologies are at the heart of cloud data center networks and they continue to extend their leadership with innovative new products, including 400G data center interconnect optical modules, which leverage their unique silicon photonics and DSP technologies.

AMD posted third quarter results that beat analysts’ expectations. The chipmaker’s third-quarter adjusted earnings came in at 41 cents a share, compared to Wall Street forecasts of 35 cents. Revenue of $2.8 billion (vs. $1.8 billion a year earlier) also exceeded analysts’ expectations of $2.56 billion. The company’s core computing and graphics segment sales came in at $1.67 billion, beating estimates of $1.55 billion.Ryzen processor sales growth were partially offset by softer graphics revenue. Gross margin in the rose 1 percentage point year-over-year to 44%. AMD CEO and President Lisa Su cited strong demand for our PC, gaming, and data center products as key drivers of record quarterly revenue. Looking ahead, AMD projected fourth-quarter revenue of about $3 billion, up 41% year-over-year. Non-GAAP gross margin is expected at about 45% for the fourth quarter.

Semiconductor company Advanced Micro Devices (AMD) has agreed to purchase rival Xilinx   for $35 billion. “Our acquisition of Xilinx marks the next leg in our journey to establish AMD as the industry’s high performance computing leader and partner of choice for the largest and most important technology companies in the world,” said AMD CEO and President Lisa Su. Under terms of the all-stock deal, Xilinx investors will receive 1.7234 AMD shares for each Xilinx stock.The merger values Xilinx at about $143 a share. The agreement, expected to close by the end of 2021, is subject to approval from shareholders and regulators.

Shares of semiconductor company Intel were down more than -11% Friday morning.It projects fourth quarter revenues of around $17.4 billion. "2020 has been the most challenging year in my career with a global pandemic geopolitical tensions challenging business principles of globalization and social unrest," CEO Bob Swan told investors.

Over the last few years, Micron Technology (MU) has seen its stock struggle compared to the overall market.The stock peaked just below $65 back in June 2018 and then proceeded to fall by over 50% and drop below the $30 level.