Technology

AMD Poised for In-Line Fourth Quarter Though First-Quarter Sales Could Miss Views, BofA Says

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AMD’s (AMD) fiscal fourth-quarter results are expected to match Wall Street estimates, though its first-quarter sales could miss views as it faces a tough near-term setup, BofA Securities said Monday. The chipmaker is scheduled to report fourth-quarter results Tuesday, with BofA projecting adjusted earnings at $0.77 per share on sales of about $6.13 billion, largely in line with the Street’s views. BofA sees 2023 adjusted EPS at $2.65 on sales of $22.64 billion. The brokerage said that AMD’s server central processing unit likely gained share from rival Intel (INTC) during the quarter, with gains expected to continue in 2024, BofA analysts, including Vivek Arya, said in a note. The firm said there’s potential for first-quarter outlook miss versus Street estimates on weakness in AMD’s PC and field-programmable gate array segments. BofA cut its first-quarter sales expectations to $5.53 billion from $5.73 billion, below the Street’s view for $5.8 billion, according […]

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Skyworks Solutions’s Earnings: A Preview

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Skyworks Solutions (NASDAQ:SWKS) is set to give its latest quarterly earnings report on Tuesday, 2024-01-30. Here’s what investors need to know before the announcement. Analysts estimate that Skyworks Solutions will report an earnings per share (EPS) of $1.95. Skyworks Solutions bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

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Intel (NASDAQ:INTC) Stock Analyst Ratings

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Intel (NASDAQ:INTC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 -9.24% Goldman Sachs $34 → $39 Maintains Sell 01/26/2024 28% Mizuho $58 → $55 Maintains Buy 01/26/2024 44.29% Benchmark $52 → $62 Maintains Buy 01/26/2024 -60.44% Rosenblatt → $17 Reiterates Sell → Sell 01/26/2024 -9.24% Goldman Sachs $34 → $39 Maintains Sell 01/26/2024 11.71% Wells Fargo $52 → $48 Maintains Equal-Weight 01/26/2024 -6.91% Wedbush $45 → $40 Maintains Neutral 01/26/2024 21.01% Raymond James $54 → $52 Maintains Outperform 01/26/2024 — Needham Downgrades Buy → Hold 01/26/2024 — Summit Insights Group Downgrades Buy → Hold 01/23/2024 -60.44% Rosenblatt → $17 Reiterates Sell → Sell 01/23/2024 16.36% Cantor Fitzgerald → $50 Initiates Coverage On → Neutral 01/19/2024 25.67% Raymond James $48 → $54 Maintains Outperform 01/18/2024 -2.26% Susquehanna $38 → $42 Maintains Neutral 01/16/2024 2.4% Barclays $32 → $44 Maintains Equal-Weight 01/04/2024 53.6%

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KLA (NASDAQ:KLAC) Stock Analyst Ratings

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KLA (NASDAQ:KLAC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 7.36% Goldman Sachs $560 → $640 Maintains Buy 01/29/2024 13.24% Susquehanna $640 → $675 Downgrades Positive → Neutral 01/26/2024 -7.73% Barclays $500 → $550 Maintains Underweight 01/26/2024 4.85% Cantor Fitzgerald → $625 Reiterates Neutral → Neutral 01/26/2024 21.62% JP Morgan $565 → $725 Maintains Overweight 01/26/2024 7.36% Goldman Sachs $560 → $640 Maintains Buy 01/26/2024 18.27% Wells Fargo $670 → $705 Maintains Overweight 01/26/2024 15.75% Berenberg $670 → $690 Maintains Buy 01/23/2024 4.85% Cantor Fitzgerald → $625 Initiates Coverage On → Neutral 01/19/2024 4.85% Raymond James $550 → $625 Maintains Outperform 01/16/2024 4.85% Stifel $535 → $625 Maintains Buy 01/16/2024 -16.12% Barclays $425 → $500 Maintains Underweight 12/18/2023 22.46% New Street Research → $730 Initiates Coverage On → Buy 11/22/2023 -7.73% Redburn Atlantic → $550 Initiates Coverage On → Neutral 10/26/2023

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Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings

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Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 19.45% Susquehanna $170 → $210 Maintains Positive 01/25/2024 25.14% UBS $135 → $220 Maintains Buy 01/24/2024 22.3% New Street Research → $215 Upgrades Neutral → Buy 01/23/2024 8.08% Cantor Fitzgerald → $190 Initiates Coverage On → Overweight 01/22/2024 — Northland Capital Markets Downgrades Outperform → Market Perform 01/19/2024 8.08% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 13.77% Barclays $120 → $200 Maintains Overweight 01/16/2024 10.92% Keybanc $170 → $195 Maintains Overweight 01/08/2024 6.94% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 -7.85% Mizuho $130 → $162 Maintains Buy 01/04/2024 -3.3% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -10.69% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 -6.14% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 13.77% Rosenblatt → $200 Reiterates Outperform → Outperform

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Lam Research (NASDAQ:LRCX) Stock Analyst Ratings

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Lam Research (NASDAQ:LRCX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 5.34% Susquehanna $655 → $880 Maintains Neutral 01/26/2024 9.17% Goldman Sachs $700 → $912 Maintains Buy 01/25/2024 16.71% Citigroup $800 → $975 Maintains Buy 01/25/2024 11.92% Mizuho $900 → $935 Maintains Buy 01/25/2024 13.72% Stifel $850 → $950 Maintains Buy 01/25/2024 9.17% Goldman Sachs $700 → $912 Maintains Buy 01/25/2024 13.72% Raymond James $850 → $950 Maintains Outperform 01/25/2024 -1.25% Barclays $750 → $825 Maintains Equal-Weight 01/25/2024 7.73% Needham $800 → $900 Maintains Buy 01/23/2024 -0.65% Cantor Fitzgerald → $830 Initiates Coverage On → Neutral 01/19/2024 1.75% Raymond James $725 → $850 Maintains Outperform 01/16/2024 1.75% Stifel $750 → $850 Maintains Buy 01/16/2024 -10.22% Barclays $600 → $750 Maintains Equal-Weight 12/08/2023 -13.82% Morgan Stanley → $720 Downgrades Overweight → Equal-Weight 11/22/2023 -4.24% Redburn Atlantic → $800 Initiates Coverage On →

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Alphabet, Inc. (NASDAQ:GOOGL) Stock Analyst Ratings

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Alphabet, Inc. (NASDAQ:GOOGL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 8.24% Keybanc $153 → $165 Maintains Overweight 01/19/2024 -1.6% JMP Securities $140 → $150 Maintains Market Outperform 01/17/2024 11.52% Mizuho $155 → $170 Maintains Buy 01/09/2024 11.52% BMO Capital → $170 Initiates Coverage On → Outperform 12/07/2023 8.9% Roth MKM $152 → $166 Maintains Buy 11/21/2023 15.46% Tigress Financial $172 → $176 Maintains Strong Buy 11/16/2023 -15.38% Wells Fargo $126 → $129 Maintains Equal-Weight 10/25/2023 -1.6% Piper Sandler $147 → $150 Maintains Overweight 10/25/2023 — Monness, Crespi, Hardt Downgrades Buy → Neutral 10/25/2023 1.68% RBC Capital → $155 Reiterates Outperform → Outperform 10/25/2023 -0.29% Roth MKM $146 → $152 Maintains Buy 10/25/2023 -8.16% JMP Securities $138 → $140 Maintains Market Outperform 10/25/2023 4.96% Wedbush → $160 Reiterates Outperform → Outperform 10/25/2023 18.08% Barclays $200 → $180 Maintains Overweight 10/25/2023 -1.6%

Alphabet, Inc. (NASDAQ:GOOGL) Stock Analyst Ratings Read Post »

Microsoft (NASDAQ:MSFT) Stock Analyst Ratings

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Microsoft (NASDAQ:MSFT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 10.54% Wedbush → $450 Reiterates Outperform → Outperform 01/25/2024 11.77% Piper Sandler → $455 Reiterates Overweight → Overweight 01/23/2024 47.39% Truist Securities → $600 Reiterates Buy → Buy 01/18/2024 15.7% Exane BNP Paribas → $471 Upgrades Neutral → Outperform 01/12/2024 11.77% Piper Sandler → $455 Reiterates Overweight → Overweight 01/09/2024 3.17% BMO Capital $400 → $420 Maintains Outperform 01/02/2024 11.77% Piper Sandler $425 → $455 Maintains Overweight 12/28/2023 10.54% Wedbush $425 → $450 Maintains Outperform 12/15/2023 10.54% Mizuho $420 → $450 Maintains Buy 12/13/2023 47.39% Truist Securities → $600 Initiates Coverage On → Buy 12/05/2023 5.63% Argus Research $390 → $430 Maintains Buy 12/05/2023 14.47% China Renaissance → $466 Initiates Coverage On → Buy 11/29/2023 16.68% Tigress Financial $433 → $475 Maintains Buy 11/24/2023 3.17% Mizuho $420 → $420 Reiterates Buy

Microsoft (NASDAQ:MSFT) Stock Analyst Ratings Read Post »

Microsoft Likely to Post Fiscal Second-Quarter Beat Driven by Artificial Intelligence Growth, Wedbush Says

/ / Technology /

Microsoft (MSFT) is likely to surpass market estimates for its fiscal second quarter this week, with the technology giant’s financial results a “key barometer” for the pace of artificial intelligence spending, according to Wedbush Securities. The brokerage forecasts the company to post earnings and revenue above the Street’s view of $2.77 per share and $61.13 billion for the December quarter. Investors’ attention will be on the growth of cloud-computing platform Azure, given the activity levels seen during the period from core Microsoft customers heading to the cloud, Wedbush said in a Sunday client note. Customer conversation rates around the Copilot chatbot will also be on investor focus during the earnings call by senior management, as well as early deal sizes and the pace of AI use cases on Azure heading into the next 12 to 18 months. Wedbush anticipates “some conservatism around guidance,” as the Street is aware of the

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