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The Hottest Stock Of 2016 No Longer A Buy For This Analyst
Thursday, February 23, 2017 - 10:36am | 378Read More...NVIDIA Corporation (NASDAQ: NVDA), one of 2016's hottest stocks, has been downgraded by analysts at Instinet — a Nomura company. Instinet's Romit Shah downgraded Nvidia's stock to Reduce from Buy with a price target lowered to $90 from a previous $100, mostly due to the underappreciated...
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NVIDIA Falls Following Nomura Downgrade, Analyst Concerned About Slowdown In Gaming
Wednesday, February 22, 2017 - 6:20pm | 339Read More...NVIDIA Corporation (NASDAQ: NVDA) shares traded lower during Wednesday's after-hours session following a post-market downgrade from Nomura. About an hour into the after-hours session, NVIDIA shares traded down nearly 2 percent to $108.82. Nomura analyst Romit Shah lowered his recommendation on...
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Nomura Cuts Qualcomm 3 Months After Upgrade
Monday, January 23, 2017 - 9:40am | 264Read More...Expressing concern regarding the timeline of the NXP Semiconductors NV (NASDAQ: NXPI) deal, Nomura’s Romit Shah downgraded the rating on QUALCOMM, Inc. (NASDAQ: QCOM) from Buy to Neutral, while lowering the price target from $80 to $70. Deal Concerns Shah mentioned that the NXP Semiconductors...
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Analyst: NVIDIA Is Overvalued, But Don't Sell Ahead Of CES
Wednesday, December 28, 2016 - 3:18pm | 320Read More...After hitting a 52-week high of $119.93 Wednesday morning, shares of NVIDIA Corporation (NASDAQ: NVDA) were trading lower by more than 6 percent on the day. Earning the title as technology's hottest stock in 2016 given its whopping 230 percent return, investors are rightfully questioning if...
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Nomura Downgrades Lam Research To Neutral, Wants Clarity On KLAC Acquisition
Thursday, August 11, 2016 - 10:14am | 185Read More...Nomura downgraded Lam Research Corporation (NASDAQ: LRCX) to Neutral as it awaits clarity on the acquisition of KLA-Tencor Corp (NASDAQ: KLAC), which would broaden Lam Research's end market exposure and increase margins, potentially resulting in multiple expansion. However, Lam Research...
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Micron's Price Target Raised 125% At Nomura
Thursday, June 23, 2016 - 10:08am | 264Read More...Nomura’s Romit Shah believes “semiconductor fundamentals are healthy or improving across several areas, including analog, SSDs, DRAM, and capital equipment.” Shah upgraded the rating on Micron Technology, Inc. (NASDAQ: MU) from Reduce to Buy, while raising the price target...
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Nomura Comes Out Of Meeting With Nvidia CEO Convinced Stock Is Now A Buy
Tuesday, June 14, 2016 - 2:31pm | 177Read More...Nomura analyst Romit Shah upgraded NVIDIA Corporation (NASDAQ: NVDA) to Buy from Neutral and boosted his price target to $55 from $35. The move came after the analyst met with NVIDIA CEO Jen-Hsun Huang. Shah assumed primary coverage on the company's shares in May and following an investor...
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'Controversial' Micron Has 32% Downside, Nomura Warns After Asia Trip
Monday, March 7, 2016 - 10:12am | 283Read More...Nomura’s Romit Shah downgraded the rating for Micron Technology, Inc. (NASDAQ: MU) from Neutral to Reduce, while reducing the price target from $12 to $8. Micron’s shares have declined 60 percent, versus a 3 percent decline in the S&P, over the last one year. Analyst Romit Shah...
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Did Xilinx's Earnings Change Wall Street's Mind About The Stock?
Tuesday, January 26, 2016 - 3:15pm | 348Read More...Shares of Xilinx, Inc. (NASDAQ: XLNX) are up more than 12.5 percent this week following a big Q4 revenue beat. But should traders now be taking profits on Xilinx, or is there more upside in coming months? Here’s what top firms have to say about the stock now. Deutsche Bank Analyst Ross...
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Why Nomura Just Cut QUALCOMM To Neutral After Reporting Earnings
Monday, November 9, 2015 - 12:01pm | 266Read More...QUALCOMM, Inc. (NASDAQ: QCOM) has seen a 28.67 percent decline in its share price year-to-date, from $74.33 on December 31, 2014. Nomura’s Romit Shah has downgraded the rating on the company from Buy to Neutral, while lowering the price target from $75 to $80. Following patent-...
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Why Intel Is Rallying Today Despite Mixed Earnings; Nomura Analyst Explains
Wednesday, April 15, 2015 - 2:07pm | 449Read More...Intel Corporation (NASDAQ: INTC) reported mixed first-quarter earnings on Tuesday. While profits of the company rose 3 percent, revenues remained flat compared to the same period last year. Despite the lackluster performance, shares of the company opened strong and continue to trade up over 4...
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JMP Securities Reiterates On Micron In Face Of Nomura Downgrade
Wednesday, March 4, 2015 - 12:00pm | 298Read More...In a report published Wednesday, JMP Securities analyst Alex Gauna maintained a bullish view of Micron Technology, Inc. (NASDAQ: MU) following the company's presentation at the JMP Securities Technology Conference on Tuesday. The upgrade comes a day after Romit Shah of Nomura downgraded...
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Here's Why Nomura Downgraded Micron Technology
Tuesday, March 3, 2015 - 12:25pm | 231Read More...In a report published Tuesday, Nomura analyst Romit Shah downgraded shares of Micron Technology, Inc. (NASDAQ: MU) to Neutral from Buy with a price target lowered to $30 from a previous $40. Shah noted that the Street perceives Micron to be undervalued as consolidation in DRAM drives...
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Nomura Believes SanDisk Story Is Weakening
Thursday, January 29, 2015 - 9:36am | 151Read More...In a report published Thursday, Nomura analyst Romit Shah reiterated a Reduce rating and $65.00 price target on SanDisk Corporation (NASDAQ: SNDK). In the report, Nomura noted, “We believe the SanDisk story is weakening. The company exposed margin risk associated with a weaker product mix when...
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Nomura Lowers Price Target On Qualcomm On Lowered FY15 Guidance
Thursday, January 29, 2015 - 8:40am | 122Read More...In a report published Thursday, Nomura analyst Romit Shah reiterated a Buy rating on Qualcomm, Inc. (NASDAQ: QCOM), but lowered the price target from $85.00 to $75.00. In the report, Nomura noted, “Qualcomm lowered FY15 guidance due to share loss at Samsung, product mix, and heightened pricing...
