real-time news and commentary for investors
Friday, Aug 16
A roundup of tech analyst ratings changes
- Applied Materials (AMAT +2.1%) has been upgraded to Buy by D.A. Davidson following its FQ3 miss, light FQ4 guidance, and CEO announcement.
- Morgan Stanley is overhauling its chip stock coverage. Maxim (MXIM -0.4%) has been cut to Equal Weight a day after announcing the Volterra acquisition, and largely getting good reviews for it. Meanwhile, Linear (LLTC +0.6%) and Xilinx (XLNX +1.3%) have been upgraded to Overweight.
- In addition, MS has started ON Semi (ONNN +0.4%) and Freescale at Underweight, Atmel (ATML +1.7%) and Fairchild (FCS +0.9%) at Overweight, and Microchip (MCHP +0.5%) at Equal Weight.
- RBC has started another analog chipmaker, Semtech (SMTC +1.6%), at Outperform ahead of its Aug. 21 FQ2 report.