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Analyst Sees Light At End Of Tunnel For Semiconductor Sector
Saturday, September 12, 2015 - 2:07pm | 632Read More...The semiconductor sector received some welcomed news on Wednesday as Doug Freedman of Sterne Agee CRT released bullish ratings on Micron Technology, Inc. (NASDAQ:MU) and Intel Corporation (NASDAQ:INTC). This positive coverage comes after months of analysts voicing apprehension about the fall of the...
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Why Semiconductors Will Outperform The S&P
Wednesday, September 9, 2015 - 2:27pm | 377Read More...The PHLX Semiconductor Index (NASDAQ: SOX) has underperformed the S&P 500 this year, falling more than double the S&P. However, Sterne Agee CRT's Doug Freedman forecasted this underperformance to end, noting that the firm prefers SOX to the S&P 500. This outperformance...
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Is It Time To Buy Intel After The Slump?
Friday, March 13, 2015 - 10:13am | 342Read More...Intel Corporation (NASDAQ: INTC) announced on Thursday that it is reducing its first-quarter revenue estimates by nearly $1 billion on back of slowing PC sales. Doug Freedman, from RBC Capital Markets, was on CNBC to discuss if it's the right time to buy stock and why the company...
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RBC Analyst On Marvell/Lenovo Rumor: 'I Guess It Wouldn't Surprise Me'
Saturday, January 31, 2015 - 1:51pm | 276Read More...A rumor that Marvell Technology Group Ltd. (NASDAQ: MRVL) will soon receive a $19 a share bid from Lenovo Group Ltd. (OTC: LNVGY) has the ring of plausibility, an analyst said Friday. RBC Capital Markets analyst Doug Freedman told Benzinga that if Lenovo made an offer, "I guess it wouldn...
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RBC Report: "Cash is Becoming King, and Semis are Wearing the Crown"
Monday, May 19, 2014 - 3:49pm | 776Read More...Monday, May 19, 2014, RBC released a report about the semiconductor industry putting the spotlight on the maturing market being a positive for rising free cash flow. RBC analyst Doug Freedman believes the business model is changing, and the valuations should too. The semiconductor industry...
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UPDATE: RBC Upgrades Broadcom
Monday, May 19, 2014 - 12:24pm | 115Read More...RBC on Monday upgraded Broadcom (NASDAQ: BRCM) to Outperform from Sector Perform. RBC analyst Doug Freedman believes the core business is undervalued given the expectation of $2.70 (BB+ING). Freedman states, "We think management is closely monitoring the progress of LTE investments and is...
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UPDATE: RBC Upgrades Altera
Monday, May 19, 2014 - 12:22pm | 151Read More...RBC on Monday upgraded Altera (NASDAQ: ALTR) to Outperform from Sector Perform. RBC analyst Doug Freedman cited the upgrade due to sentiment "near a bottom given i) the expected lumpiness of revenues associated with the ramp of China LTE; and ii) a recently lowered GM outlook for ‘14." "We...
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UPDATE: RBC Upgrades NVDA
Monday, May 19, 2014 - 12:20pm | 140Read More...RBC on Monday upgraded NVIDIA (NASDAQ: NVDA) to Outperform from Sector Perform. RBC analyst Doug Freedman wrote the risk of near-term console revenue loss is removed, given the positive mix-shift focus of the company. Freedman continued to state, "NVDA's ability to leverage its past investments,...
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UPDATE: RBC Upgrades Micron Technology
Monday, May 19, 2014 - 12:18pm | 147Read More...RBC on Monday upgraded Micron Technology (NASDAQ: MU) to Outperform from Sector Perform as the firm believes Micron is to play longer-term on favorable changes in the memory industry. RBC analyst Doug Freedman backs the upgrade, stating, "On the DRAM side, higher margin levels are likely...
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UPDATE: RBC Upgrades Texas Instruments
Monday, May 19, 2014 - 12:15pm | 146Read More...RBC on Monday upgraded Texas Instruments (NASDAQ: TXN) to Outperform based on a mix-shift that could accelerate free cash flow growth. RBC analyst Doug Freedman stated, "TXN is likely to benefit from positive mix-shifts, which should lift both gross margins and FCFs. The company has been laser...
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Shares of Micron Respond to RBC Downgrade
Friday, January 3, 2014 - 10:29am | 142Read More...Shares of Micron Technology (NASDAQ: MU) fall 2.12% in pre-market trading following RBC Capital Markets analyst Doug Freedman downgraded the company from Outperform to Sector Perform. Freedman reported that Micron's valuation is “overly discounting risks including softer mobile trends, JV...
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Suppliers Hit in Wake of Apple Earnings; Cirrus Logic Loses 10%
Thursday, January 24, 2013 - 4:30pm | 412Read More...Apple (NASDAQ: AAPL) released its fiscal first-quarter earnings results after the closing bell on Wednesday. While the company's profit was above Wall Street consensus, revenues came in light. Apple also guided for second-quarter revenue which is below current analysts' consensus. For the first-...
