Jan. 27, 2014, 4:52 PM| Comment!
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.
Jan. 9, 2014, 9:41 AM
- Alcatel-Lucent (ALU -4.6%) has been cut to Hold by Deutsche, while rival Ericsson (ERIC -0.2%) has been upgraded to Buy. However, Morgan Stanley has started Alcatel at Overweight.
- Nvidia (NVDA -2.1%) has been cut to Hold by Canaccord a few days after unveiling its Tegra K1 app processors.
- Angie's List (ANGI +9.1%) has been upgraded to Strong Buy by Raymond James.
- Autodesk (ADSK +2.1%) has been upgraded to Overweight by Evercore.
- Chipmaker STMicroelectronics (STM -1.2%) has been cut to Sell by Deutsche, and CPU core licensing giant ARM (ARMH -5.5%) has been cut to Hold.
- EXFO (EXFO -8.3%) has been cut to Hold by TD Securities, and to Underperform by CIBC, after missing FQ1 estimates and providing soft FQ2 guidance.
- ASML (ASML +0.9%) has been started at Buy by ING.
Jan. 7, 2014, 9:55 AM
- LinkedIn (LNKD -1.5%) has been cut to Neutral by BofA/Merrill. Other sell-side firms have aired cautious notes in recent weeks.
- Workday (WDAY +2.9%) has been upgraded to Buy by UBS.
- Glu Mobile (GLUU +4.1%) has been upgraded to Buy by Craig-Hallum.
- IGT (IGT -0.8%) has been cut to Hold by Argus.
- STMicroelectronics (STM -2.7%) has been cut to Underweight by Barclays.
- 8x8 (EGHT +2.2%) has been started at Buy by Needham.
- Nimble Storage (NMBL +1%) has received three bullish ratings and three neutral ones on underwriter coverage day.
Dec. 5, 2013, 3:54 PM
- As predicted by many investors and analysts, Alcatel-Lucent (ALU +3.6%) is returning to France's benchmark CAC-40 index. NYSE Euronext says the telecom equipment giant will be added back on Dec. 23, and replace chipmaker STMicroelectronics (STM -1.2%).
- Alcatel, buoyed by a debt restructuring and improving margins, has made fresh 2-year highs today, and is now up 224% YTD. STM, which has been posting Y/Y revenue drops and contending with the unraveling of its ST-Ericsson mobile chip JV, is up 5% YTD, but well off its summer highs.
Nov. 20, 2013, 4:48 PM
- During a Morgan Stanley conference talk, STMicroelectronics (STM +3.6%) CEO Carlo Bozotti states his company's bookings improved a bit in October from Q3 levels, something that gives him "comfort." Bozotti also says automotive chip demand remains healthy.
- Expectations for STM have been muted, particularly after the European chipmaker delivered a Q3 miss and below-consensus guidance last month.
- The automotive market was an area of strength for STM in Q3: While the company's total sales fell 7% Y/Y to $2.01B, its automotive sales rose 7% to $418M.
Oct. 28, 2013, 10:11 AM
- Maxim's Ashok Kumar reports InvenSense's (INVN -2.9%) motion sensors haven't been designed into the iPad Air or retina iPad Mini. This suggests InvenSense rival and traditional Apple motion sensor supplier STMicroelectronics (STM +0.3%) has secured the slots.
- Back in June, Kumar accurately forecast InvenSense wouldn't be designed into Apple's 2013 iPhones before partly backtracking. At the time, many on the sell-side had a different view of things.
- InvenSense's FQ2 report arrives tomorrow afternoon.
Oct. 25, 2013, 9:44 AM
- Constant Contact (CTCT +24.9%) has been upgraded to Buy by Needham after issuing mixed Q3 results and strong 2014 revenue guidance (13% growth vs. 11.9% consensus).
- Sony (SNE +0.6%) has been upgraded to Outperform by Credit Suisse. FQ2 results arrive on Oct. 31.
- Monolithic Power (MPWR +15.8%) has been upgraded to Outperform by Oppenheimer after beating Q3 estimates and issuing in-line Q4 guidance.
- ASX (ASX +2%) has been upgraded to Outperform by Bernstein.
- NCR (NCR -5.7%) has been cut to Neutral by Compass Point after posting mixed Q3 results and reiterating its full-year guidance.
- Rogers (RCI -0.9%) has been cut to Hold by Canaccord a day after posting Q3 results. Macquarie downgraded shares yesterday.
- STMicroelectronics (STM -0.6%) has been cut to Neutral by Goldman three days after missing Q3 estimates and providing weaker-than-expected Q4 guidance.
- WageWorks (WAGE +3.1%) has been started at Buy by SunTrust.
Oct. 23, 2013, 9:11 AM
Oct. 22, 2013, 6:48 PM
Oct. 22, 2013, 12:10 AM
Oct. 21, 2013, 5:35 PM
Sep. 23, 2013, 12:02 PM
- A Chipworks iPhone 5S teardown found a Bosch accelerometer and an STMicroelectroncs (STM -0.3%) gyroscope inside Apple's latest flagship, but no InvenSense (INVN -5.7%) parts.
- Meanwhile, Maxim, which on Friday joined Barclays in suggesting InvenSense failed to get a 5S design win, is now reporting InvenSense won't be designed into the 5th-gen iPad either. However, the firm is reiterating a Buy, arguing strong Samsung demand should bolster InvenSense's top line.
- OmniVision (OVTI -1%) is also ticking lower (to a lesser extent), even as many Apple suppliers shoot higher in response to the company's weekend iPhone sales data. The first 5S teardowns have uncovered Sony image sensors, but Apple has a history of using a dual-supplier strategy for iPhone image sensor procurement.
Sep. 20, 2013, 9:24 AM
- On cue, iFixit has posted an iPhone 5S teardown shortly after Apple's latest flagship device went on sale.
- Though no motion sensor supplier is named, Barclays says its initial analysis suggests STMicroelectronics (STM) held onto the gyroscope slot, albeit while adding the evidence isn't conclusive. InvenSense (INVN), expected by many to take the slot, is down 4.3% premarket.
- Parts that are mentioned include a Broadcom (BRCM) Wi-Fi/Bluetooth combo chip and touchscreen controller, a Sony (SNE) rear image sensor (in the past, Apple has used a dual-supplier strategy featuring Sony and OVTI), a Qualcomm (QCOM) baseband modem, RF transceiver, and power management IC, a TriQuint (TQNT) power amplifier module, and two amplifier modules apiece from Skyworks (SWKS) and Avago (AVGO).
- Though the combo chip win was widely expected, Broadcom investors appear relieved about the touchscreen controller win, given rumors Renesas had taken the slot. BRCM +2.4% premarket. TQNT +1.8%.
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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.
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