What's your position on ?
Why are you ish?
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Jul. 15, 2014, 10:17 AM
- OTR Global reports Synaptics (SYNA -5%) has lost the touchscreen controller slot for Samsung's upcoming Galaxy Note 4 to STMicroelectronics (STM -0.6%).
- Synapitcs has the touch controller slot for the Note 3, and both the touch controller and fingerprint sensor slots for the Galaxy S5. High-volume Samsung design wins have contributed heavily to the company's strong mobile growth over the last two years.
Jun. 20, 2014, 12:39 PM
- A 6-axis InvenSense (INVN) motion sensor may have been designed into the iPhone 6, thinks Craig-Hallum, reiterating an Outperform and $22 PT. The firm sees the win providing a $0.25 EPS boost if it happens.
- InvenSense was frequently rumored last year to be the motion sensor supplier for the iPhone 5S/5C, but Apple ultimately went with traditional supplier STMicroelecronics (STM -2%). iPhone 6 sales forecasts are running high, given Apple is expected to finally address pent-up demand for bigger iPhones.
- Meanwhile, Roth thinks InvenSense might have scored multiple design wins for Amazon's Fire phone. In addition to typical motion sensors, the Fire phone has baked optical image stabilization into its 13MP rear camera, and supports 3D viewing with the help of 4 front cameras. Shipments will likely be a small fraction of iPhone levels.
- Previous: InvenSense launches gyroscope for wearables
Jun. 2, 2014, 9:41 AM
- Xilinx (XLNX -1.1%) has been cut to Neutral by Goldman.
- STMicroelectronics (STM -1.5%) has been cut to Sell by Citi. HSBC downgraded shares on May 22.
- Microsemi (MSCC +3.1%) has been upgraded to Buy by Goldman.
- Proofpoint (PFPT +1.5%) has been upgraded to Buy by Sterne Agee. Shares joined IT security peers in selling off on Friday.
- Universal Electronics (UEIC -8.4%) has been cut to Neutral by B. Riley.
May 22, 2014, 10:16 AM
Apr. 28, 2014, 5:35 PM
- STMicroelectronics (STM) expects Q2 revenue to be up 2% Q/Q (+/- 3.5%). The consensus is for revenue to grow 5% Q/Q to $1.93B.
- The chipmaker has also announced it's promoting Jean-Marc Chery, the GM of its embedded processing solutions (EPS) unit, to the new position of COO. Chery will still be in charge of EPS, as well as STMicro's central manufacturing ops.
- Q1 gross margin was 32.8%, -10 bps Q/Q and +150 bps Y/Y, and slightly above a guidance midpoint of 32.4%. STMicro expects a 33.6% GM (+/- 2%) in Q2.
- Though total revenue growth was -9%, it would've been +0.7% if not for legacy sales related to the discontinued ST-Ericsson JV. Q2's ST-Ericsson sales are expected to be less than half a Q1 level of $63M.
- A $0.10/share quarterly dividend has been proposed for Q2 and Q3 (on par with STMicro's current dividend).
- Q1 results, PR
Apr. 28, 2014, 4:51 PM
- STMicroelectronics NV (STM): Q1 EPS of -$0.01 beats by $0.03.
- Revenue of $1.83B (-9.0% Y/Y) in-line.
Apr. 27, 2014, 5:35 PM
Apr. 14, 2014, 9:52 AM
- Stratasys (SSYS +1.5%) has been started at Buy by Goldman, and 3D Systems (DDD -3.1%) at Neutral. Shares of both companies (like those of many high-beta tech names) were clobbered last week. UBS issued similar opinions for Stratasys and 3D Systems two weeks ago.
- VMware (VMW +1.3%) has received a two-notch upgrade to Outperform from CLSA ahead of its April 22 Q1 report.
- F5 (FFIV +4.1%) has been upgraded to Buy by Stifel. Q1 results arrive on April 23.
- Palo Alto Networks (PANW +1.2%) has been upgraded to Overweight by both Barclays and Stephens.
- TTM Technologies (TTMI +3.1%) has been upgraded to Buy by Stifel and UBS.
- CalAmp (CAMP +1.7%) has been upgraded to Buy by B. Riley.
- STMicroelectronics (STM -2.3%) has been cut to Sell by UBS. Q1 results arrive on April 29.
- AudioCodes (AUDC +4.1%) has been started at Buy by Needham. Shares rose last week after the Israeli government approved an R&D program involving the company.
- ChannelAdvisor (ECOM +1.2%) has been started at Buy by Janney.
- Paylocity (PCTY +1.4%) has received five bullish ratings and one neutral rating on underwriter coverage day. Q2 (QTWO +3.1%) has received six bullish ratings.
Mar. 31, 2014, 6:52 PM
- An early teardown (translation) of Samsung's (SSNLF) Galaxy S5 has turned up the same 6-axis InvenSense (INVN) motion sensor found in the Note 3. The InvenSense part displaces the STMicroelectronics (STM) motion sensor found in the S4.
- Multiple Maxim (MXIM) power ICs were also uncovered. Though Barclays thinks Maxim lost the gesture IC slot it had in the S4 to rival AMS, it nonetheless thinks its dollar content grew ~10% (previous).
- An NXP (NXPI) NFC controller/secure element displaced the Broadcom (BRCM) NFC chip that went into the S4; Barclays estimates the design win will be worth $50M-$60M to NXP, assuming average content of $1. Broadcom is still expected to get $4/unit for supplying the S5's Wi-Fi/Bluetooth combo chip.
- Synaptics (SYNA) is believed to have the S5's touch controller slot and (though not revealed in the teardown) its fingerprint/swipe sensor slot. The company's S4 touch controller win delivered a windfall.
- Though a Skyworks (SWKS) power amplifier module and discrete amplifier were found, and a Wi-Fi filter is believed to be present, Barclays thinks Skyworks' content share likely fell, thanks to the absence of Wi-Fi switch/LNA content. It also thinks the total value of the S5's Wi-Fi RF content is lower due to Broadcom's use of internal power amplifiers (possibly a negative for S4 supplier ANAD).
- Separately, DisplayMate calls the S5's OLED display "the best-performing smartphone display we have ever tested," after doing an in-depth analysis. The display's color accuracy, brightness, ambient lighting performance, and power efficiency all receive high marks. OLED materials/tech supplier Universal Display (OLED) will be happy to hear that.
Feb. 26, 2014, 11:24 AM
- Chip stocks are outperforming (SOXX +1.1%) after Avago (AVGO +5.1%) posted an FQ1 beat and strong margin numbers (albeit while guiding light, as many expected), and STMicroelectronics (STM +3.9%) exec Paul Grimme states his company's European sales are stabilizing, with Germany leading the way.
- Notable winners: AMBA +5.4%. AMCC +5.2%. CRUS +3.3%. SWKS +3%. QUIK +4.1%. INVN +2.7%. RFMD +3.5%. TQNT +3%. SIMO +2.7%. CAVM +3.6%. Nearly all of the aforementioned names have strong mobile and/or telecom equipment exposure.
- RBC has hiked its Avago PT to $66 from $64, and says the chipmaker remains its "top play on China and global LTE deployments." With LSI in tow, the firm thinks FY15 (ends Oct. '15) EPS will top $5.
- Morgan Stanley ($68 PT) is confident Avago can raise LSI's op. margin to 30% from 17% over the next few years, much as the company has doubled its own op. margin to 30% post-LBO.
- Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
Feb. 10, 2014, 5:18 PM
- MEMS motion sensor archrivals InvenSense (INVN) and STMicroelectronics (STM) have settled their long-running patent dispute and entered into a cross-licensing agreement.
- Deal terms are confidential; neither company "has made any admission of liability." InvenSense and STMicro had been waging legal battles at multiple U.S. courts, as well as with the USPTO and ITC.
- InvenSense investors have responded by bidding shares back above $20. They rose 5.8% in regular trading.
Jan. 27, 2014, 7:05 PM
- Silicon Motion (SIMO) expects Q1 revenue to be flat to down 10% Q/Q vs.a consensus for a 2% decline. However, the company also expects 2014 revenue to be up 5%-15% Y/Y vs. a consensus for 5% growth. Shares +4.8% AH. (Q4 results, PR)
- STMicroelectronics (STM) expects Q1 revenue to decline 9.5% Q/Q (+/- 3.5%); that's worse than a consensus for a 7% drop. Shares unchanged AH for now. (Q4 results, PR)
- Sanmina (SANM) expects FQ2 revenue of $1.425B-$1.475B and EPS of $0.36-$0.42 vs. a consensus of $1.45B and $0.37. Shares +7.1% AH. (FQ1 results, PR)
Jan. 27, 2014, 4:52 PM
- STMicroelectronics NV (STM): Q4 EPS of $-0.01 misses by $0.04.
- Revenue of $2.01B (-6.9% Y/Y)
Jan. 27, 2014, 12:10 AM
Jan. 26, 2014, 5:35 PM
Jan. 17, 2014, 1:44 PM
- OTR Global reports InvenSense (INVN +0.6%) has won a MEMS motion sensor socket for Samsung's Galaxy S5 (expected to launch in mid-March), and in doing so has displaced archrival STMicroelectronics (STM -3.4%).
- InvenSense already gets over 30% of its sales from Samsung, and has been seeing rising design win activity at the smartphone giant.
STMicroelectronics NV designs, develops, manufactures and markets semiconductor products used in different microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, & control systems.
Other News & PR