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Brean Downgrades Qualcomm Amid Competitive Threats, Concerning Environment
Thursday, June 9, 2016 - 9:48am | 214Read More...Brean Capital's Mike Burton downgraded QUALCOMM, Inc. (NASDAQ: QCOM) from Buy to Hold with a price target between $55 to $60. The main reasons for Brean's downgrade were competitive price headwinds, lower applications service providers for smartphones, "longer factor change cadences at Apple" and "...
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Brean Starts Coverage Of Integrated Device Technology At Buy
Monday, May 23, 2016 - 9:37am | 312Read More...Over the years, Integrated Device Technology Inc (NASDAQ: IDTI) has gained a strong footing in providing the fundamental components that support the proper functioning of electrical systems and circuits. The company has growth through internal R&D, acquisitions and alliances. Brean Capital...
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Brean Adjusts NVIDIA's Fair Value Range To $35-$40
Friday, May 13, 2016 - 9:12am | 345Read More...NVIDIA Corporation (NASDAQ: NVDA) reported robust quarterly results, with the revenue beating the consensus and the guidance. Brean Capital’s Mike Burton reiterated a Hold rating on the company, while adjusting the fair value range to $35–$40. “The Company continues to execute...
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Brean Starts Mellanox At Buy: Providing Horse Power To HyperCloud, Cloud, Web 2.0 And Big Data
Monday, May 9, 2016 - 7:37am | 284Read More...Mellanox Technologies, Ltd. (NASDAQ: MLNX) is a provider of semiconductor and interconnect products, which facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems that enable high-performance computing, Web 2.0, storage,...
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Intel: What Everyone On The Street Thinks
Wednesday, April 20, 2016 - 1:09pm | 1377Read More...Intel Corporation (NASDAQ: INTC) reported mixed Q1 results after Tuesday's close. Revenue came in at $13.8 billion, above the $13.7 billion consensus, but down 7 percent quarter-over-quarter. Gross margins came in at 62.7 percent, above company guidance of 62 percent, and EPS was six cents...
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Brean Initiates Micron With Buy Rating, $14 Price Target
Friday, April 15, 2016 - 9:10am | 274Read More...Micron Technology, Inc. (NASDAQ: MU) faces easier comps in 2H16 and 2017, helping it generate EPS growth. Brean Capital’s Mike Burton initiated coverage of the company with a Buy rating and a price target of $14. DRAM The DRAM industry has been in consolidation mode for the past decade...
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Brean Liked NVIDIA's Q4, But Remains On Sidelines
Thursday, February 18, 2016 - 8:54am | 329Read More...NVIDIA Corporation (NASDAQ: NVDA) shares have climbed 18 percent since August 18. Brean Capital’s Mike Burton maintained a Hold rating for the company. Despite a challenging environment, the company reported a beat and raised its guidance, Burton stated. NVIDIA reported robust...
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Do Qualcomm Earnings Matter? Here's What The Street Thinks
Wednesday, January 27, 2016 - 3:46pm | 461Read More...QUALCOMM, Inc. (NASDAQ: QCOM) is scheduled to announce its first quarter fiscal 2016 financial results after the market closes on Wednesday. According to Estimize, the Street is modeling consensus earnings of $0.90 per share, down 32 percent year-over-year, on revenue of $5.697 billion, down...
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Buy The Weakness In RF Names Following Qualcomm/TDK JV
Thursday, January 14, 2016 - 9:32am | 339Read More...Shares of Avago Technologies Ltd (NASDAQ: AVGO), Qorvo Inc (NASDAQ: QRVO) and Skyworks Solutions Inc (NASDAQ: SWKS) plummeted by high-single-digit percentages on January 13. Chardan Capital Markets’ Mike Burton maintained Buy ratings on all three companies. Burton recommended buying...
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Buy The Apple-Related Weakness In Skyworks, Brean Says
Friday, January 8, 2016 - 9:38am | 393Read More...The share price of Skyworks Solutions Inc (NASDAQ: SWKS) has declined 22.53 percent over the past one month, falling to a low of $66.867 on January 7. Brean Capital’s Mike Burton has maintained a Buy rating on the company, while lowering the price target from $100 to $85. Calling...
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Brean Capital: August MIIT Data 'Positive' For RF Names
Friday, September 11, 2015 - 3:44pm | 327Read More...China's Ministry of Industry and Information Technology (MIIT) released its monthly handset registration data. Total registration growth continues in China, despite negative headlines. Mike Burton of Brean Capital says latest data is "positive" for RF names. In a report...
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Avago Trumps Analysts' Fears: What They're Saying Now
Thursday, August 27, 2015 - 1:50pm | 836Read More...Shares of Avago Technologies Ltd (NASDAQ: AVGO) were trading higher by nearly 7 percent an hour after Thursday's opening bell, following the company's second-quarter results on Wednesday. Avago said that it earned $2.24 per share in the second quarter, ahead of the $2.14 per share analysts were...
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8 Internet Stocks Brean Capital Is Watching Ahead Of Earnings
Tuesday, July 21, 2015 - 11:02am | 911Read More...In a report published Tuesday, Brean Capital analyst Mike Burton previewed June quarter results for eight Internet stocks under his coverage. Burton noted that mobile-exposed names have been under pressure due to China related concerns and low expectations for Samsung. On the other hand, Apple...
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Facebook, eBay, AT&T, Qualcomm: What's Wall Street Saying?
Wednesday, April 22, 2015 - 1:36pm | 646Read More...With earnings season underway, the investment community is anxiously awaiting earnings reports from QUALCOMM, Inc. (NASDAQ: QCOM), eBay Inc (NASDAQ: EBAY), Facebook Inc (NASDAQ: FB) and AT&T Inc. (NYSE: T) Qualcomm: Negative Galaxy S6 Data Baked In To Guidance Mike Burton of Brean Capital...
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Tech Investors: Keep An Eye On These 7 Coming Earnings Reports
Saturday, April 11, 2015 - 2:25pm | 650Read More...Brean Capital commented on tech companies ahead of earnings in a report issued on Friday. Below are the stocks along with ratings, price targets, earnings report dates and comments from analyst Mike Burton. Broadcom Corporation (NASDAQ: BRCM) - Buy, $53 price target - April 21 “We...
