Technology

CFRA Maintains Hold Opinion On Shares Of Texas Instruments Incorporated

/ / Technology /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We up our 12-month target to $172 from $157, on P/E of 24x our ’25 EPS view, near five-year historical forward average. We reduce our ’24 EPS estimate to $5.75 from $7.05 and ’25 to $7.15 from $7.83. TXN posts Q4 EPS of $1.46 vs. $2.13, missing the $1.49 consensus. Sales fell 13% (-10% seq.) while Q1 guide was disappointing (implies 12% seq. drop), both missing expectations, hurt by pronounced weakness from industrial customers and a sequential decline in automotive. Gross margin of 59.6% was narrower than our view, compressing vs. 66.1% a year ago and 62.1% in Q3, hurt by lower volume and utilization. Although we believe customers are rebalancing inventories within autos/industrials (cancellations remain elevated), visibility surrounding the trajectory of a recovery remains low. Still, […]

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ASML Reports EUR27.6 Billion Net Sales and EUR7.8 Billion Net Income in 2023

/ / Technology /

2024 expected to be a transition year with sales similar to 2023 VELDHOVEN, the Netherlands, January 24, 2024 — Today, ASML Holding NV (ASML) has published its 2023 fourth-quarter and full-year results.   — Q4 net sales of EUR7.2 billion, gross margin of 51.4%, net income of      EUR2.0 billion   — Quarterly net bookings in Q4 of EUR9.2 billion2 of which EUR5.6 billion      is EUV   — 2023 net sales of EUR27.6 billion, gross margin of 51.3%, net income of      EUR7.8 billion   — ASML expects 2024 net sales to be similar to 2023   — ASML expects Q1 2024 net sales between EUR5.0 billion and EUR5.5 billion      and a gross margin between 48% and 49% (Figures in millions of euros unless otherwise indicated)    Q3 2023       Q4 2023       FY 2022       FY 2023

ASML Reports EUR27.6 Billion Net Sales and EUR7.8 Billion Net Income in 2023 Read Post »

ASML Expects Q1 Net Sales Of €5B-€5.5B And Gross Margin Between 48%-49%; Expects 2024 Net Sales To Be Similar To 2023

/ / Technology /

“We expect first-quarter net sales between €5.0 billion and €5.5 billion with a gross margin between 48% and 49%. ASML expects R&D costs of around €1,070 million and SG&A costs of around €300 million. In spite of the positive signs as described above, we maintain our conservative view for the total year and expect 2024 revenue to be similar to 2023. We also expect 2024 to be an important year to prepare for significant growth that we expect for 2025,” said ASML President and Chief Executive Officer Peter Wennink.

ASML Expects Q1 Net Sales Of €5B-€5.5B And Gross Margin Between 48%-49%; Expects 2024 Net Sales To Be Similar To 2023 Read Post »

Texas Instruments (NASDAQ:TXN) Stock Analyst Ratings

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Texas Instruments (NASDAQ:TXN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 19.25% Keybanc $180 → $200 Maintains Overweight 01/23/2024 13.29% Rosenblatt → $190 Reiterates Buy → Buy 01/23/2024 7.33% Cantor Fitzgerald → $180 Initiates Coverage On → Neutral 01/19/2024 16.27% UBS $170 → $195 Upgrades Neutral → Buy 01/16/2024 -4.6% Barclays $165 → $160 Maintains Equal-Weight 12/14/2023 -8.17% Truist Securities $150 → $154 Maintains Hold 11/15/2023 25.22% Benchmark → $210 Reiterates Buy → Buy 10/25/2023 -4.6% B of A Securities → $160 Maintains Neutral 10/25/2023 -4.6% Stifel $180 → $160 Maintains Hold 10/25/2023 16.27% BMO Capital → $195 Maintains Outperform 10/25/2023 -22.49% Baird $180 → $130 Maintains Neutral 10/25/2023 -15.33% Citigroup $182 → $142 Maintains Neutral 10/25/2023 1.37% JP Morgan $200 → $170 Maintains Overweight 10/25/2023 -10.56% Truist Securities $165 → $150 Maintains Hold 10/25/2023 -4.6% Mizuho $181 → $160 Maintains

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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 01/24/2024 24.59% New Street Research → $215 Upgrades Neutral → Buy 01/23/2024 10.1% Cantor Fitzgerald → $190 Initiates Coverage On → Overweight 01/22/2024 — Northland Capital Markets Downgrades Outperform → Market Perform 01/19/2024 10.1% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 15.89% Barclays $120 → $200 Maintains Overweight 01/16/2024 13% Keybanc $170 → $195 Maintains Overweight 01/08/2024 8.94% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 -6.13% Mizuho $130 → $162 Maintains Buy 01/04/2024 -1.49% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -9.02% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 -4.39% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 15.89% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 -15.98% Stifel → $145 Reiterates Buy → Buy 12/07/2023 -18.87% Raymond James $125 → $140

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ASML Holding’s Q4 Earnings, Sales Rise

/ / Technology /

ASML Holding (ASML) reported Q4 earnings Wednesday of 5.20 euros ($5.65) per diluted share, up from 4.60 per share a year earlier. Analysts surveyed by Capital IQ expected 4.76 euros per share. Net sales for the quarter ended Dec. 31 were 7.24 billion euros, up from 6.43 billion euros a year earlier. Analysts polled by Capital IQ expected 6.89 billion euros. Looking ahead, the company expects Q1 sales to range from 5 billion euros to 5.5 billion euros and full-year 2024 net sales to be similar to 2023. Analysts polled by Capital IQ are expecting sales of 5.92 billion euros and 27.27 billion euros for Q1 and 2024, respectively.

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ASML’s Strong Performance Seen as A Sign of Long-Term Growth

/ / Technology /

ASML’s strong fourth-quarter performance is seen as a clear sign of customers planning for growth, Citi analysts write in a research note. This should give the market confidence in expecting strong growth in 2025 for the Dutch manufacturer of lithography systems for the semiconductor industry, and support its 2025 revenue to come in at the top half of its EUR30 billion-EUR40 billion range, ahead of consensus, the analysts add. ASML’s recovery shows customers’ confidence in the medium-to-long term outlook and should be reflected in the shares, the U.S. bank said. Shares are up 0.63% at 2888.0 pence.

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JP Morgan Urges Investors To Heed Apple Vision Pro Customer Feedback: ‘Focus On Lead Times…Is Misplaced’

/ / Technology /

Analysts at J.P. Morgan have cautioned investors against using the lead times for the Apple Inc. (NASDAQ:AAPL) Vision Pro as a measure of its popularity. They suggest that the focus should be on customer feedback and future supply chain plans. What Happened: The Apple Vision Pro, set to be released on Feb. 2, has seen a surge in pre-orders, with shipping dates being pushed back to March and April, reported AppleInsider on Monday. Despite the extended shipping times, some investors are using this as a gauge of the device’s popularity. However, J.P. Morgan analysts have advised against this approach, emphasizing the importance of customer feedback and future supply chain plans. The note from J.P. Morgan, seen by AppleInsider, states that the focus on lead times is misplaced. Instead, the emphasis should be on the consumer experience of the device. The note also highlights the significance of supply chain feedback for the Vision

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Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings

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Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 22.66% Wolfe Research → $105 Upgrades Peer Perform → Outperform 01/09/2024 8.64% Truist Securities $97 → $93 Maintains Buy 01/09/2024 12.15% Stifel $100 → $96 Maintains Buy 01/04/2024 -6.54% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 16.82% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -6.54% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 5.14% Susquehanna $95 → $90 Maintains Positive 11/03/2023 5.14% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 5.14% Keybanc $95 → $90 Maintains Overweight 11/03/2023 -0.7% Needham $100 → $85 Maintains Buy 10/24/2023 10.98% Susquehanna $100 → $95 Maintains Positive 10/11/2023 12.15% Morgan Stanley $101 → $96 Maintains Overweight 08/07/2023 16.82% Needham → $100 Reiterates Buy → Buy 08/04/2023 17.99% Morgan Stanley $97 → $101 Maintains Overweight 08/04/2023 16.82% Susquehanna $105 → $100 Maintains

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Adobe (NASDAQ:ADBE) Stock Analyst Ratings

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Adobe (NASDAQ:ADBE) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 -15.85% Exane BNP Paribas → $499 Downgrades Neutral → Underperform 01/02/2024 18.89% Piper Sandler $650 → $705 Maintains Overweight 12/18/2023 18.04% Barclays $680 → $700 Upgrades Equal-Weight → Overweight 12/14/2023 9.61% Piper Sandler → $650 Reiterates Overweight → Overweight 12/14/2023 3.71% RBC Capital → $615 Reiterates Outperform → Outperform 12/14/2023 5.4% Stifel $600 → $625 Maintains Buy 12/12/2023 13.83% Citigroup $610 → $675 Maintains Neutral 12/08/2023 16.36% BMO Capital $670 → $690 Maintains Outperform 12/04/2023 23.1% KGI Securities → $730 Upgrades Neutral → Outperform 11/10/2023 12.98% BMO Capital $645 → $670 Maintains Outperform 11/09/2023 9.61% Piper Sandler → $650 Reiterates Overweight → Overweight 10/26/2023 11.3% Oppenheimer → $660 Upgrades Perform → Outperform 10/26/2023 7.93% DA Davidson $500 → $640 Upgrades Neutral → Buy 10/11/2023 1.18% Stifel → $600 Reiterates Buy →

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Taiwan Semiconductor Manufacturing Company Limited (TSM) Q4 2023 Earnings Call Transcript Summary

/ / Technology /

The following is a summary of the Taiwan Semiconductor Manufacturing Company Limited (TSM) Q4 2023 Earnings Call Transcript: Financial Performance: TSMC reported Q4 revenue increase of 14.4% sequentially in NT dollar or 13.6% in U.S. dollars due to ramp up of 3-nanometer technology. Gross and operating margins decreased to 53% and 41.6% respectively, primarily due to margin dilution from 3-nanometer ramp. Full year 2023 saw a decrease in revenue by 8.7% in US dollar terms to US$69 billion. Cash and marketable securities at the end of Q4 stood at NT$1.7 trillion or US$55 billion. Capital expenditures were US$30.45 billion, generating NT$1.7 trillion in operating cash flow and NT$292 billion in free cash flow. In 2024, TSMC’s capital budget is expected to be between US$28 billion and US$32 billion, with capital expenditures expected to increase around 30% YoY. Q1 2024 revenue is anticipated to be between US$18 billion and US$18.8 billion,

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CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings

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CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 13.71% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 3.7% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -14.18% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 14.43% Citigroup $275 → $320 Maintains Buy 01/09/2024 8.71% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 7.28% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 12.64% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 16.22% Needham $250 → $325 Maintains Buy 12/15/2023 -3.45% BMO Capital $238 → $270 Maintains Outperform 12/15/2023 -1.66% Mizuho $225 → $275 Maintains Buy 12/11/2023 -3.81% JP Morgan $230 → $269 Maintains Overweight 11/30/2023 -20.62% Goldman Sachs $195 → $222 Maintains Buy 11/29/2023 -17.75% Truist Securities → $230 Reiterates Buy → Buy 11/29/2023 -19.54% Mizuho $205 → $225 Maintains Buy 11/29/2023

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