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Summit's Sundararajan: Apple Bears May Be Wrong
Thursday, August 6, 2015 - 10:34am | 423Read More...In a report published Thursday, Summit Research analyst Srini Sundararajan mentioned that Apple Inc. (NASDAQ: AAPL) bears could be wrong and that semiconductor used in the next version of the iPhone was expected to be significantly superior to the current iPhone 6. Also, the analyst believes...
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SanDisk Analysts Sees Both Risk And Upside Heading Into Earnings
Wednesday, July 22, 2015 - 3:30pm | 872Read More...SanDisk Corporation (NASDAQ: SNDK) is scheduled to report its second quarter results after Wednesday's market close. Estimize is calling for the company to earn $0.36 per share (based on 28 estimates) in the quarter on revenue of $1.198 billion. This compares to the Wall Street consensus...
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What's The Deal With Semiconductors Now? Summit's Sundararajan Digs Into The Sector
Friday, July 17, 2015 - 8:08am | 635Read More...In a report published Thursday, Summit Research analyst Srini Sundararajan reviewed companies that have reported earnings in the Semiconductor space and commented on key takeaways from Analyst Meetings. Intel: Looking Cash Strapped? Sundararajan noted that Intel Corporation (NASDAQ: INTC)...
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Why Intel Could Be The 'Key' To A Tsinghua-Micron Merger
Wednesday, July 15, 2015 - 5:22pm | 384Read More...Earlier this week, reports that China's Tsinghua Unigroup Ltd. made a bid for Micron Technology, Inc. (NASDAQ: MU) worth $23 billion. That's a 9 percent premium to Micron's current market price, though the arbitrage opportunity was larger on Monday, before shares jumped nearly $2 per...
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Are Intel's Biggest Analysts Bullish?
Wednesday, July 15, 2015 - 2:14pm | 547Read More...Intel Corporation (NASDAQ: INTC) is scheduled to report its second quarter results after market close on Wednesday. Estimize, the crowd-sourced earnings and economic rating site, is estimating Intel will earn $0.52 in the second quarter on revenue of $13.243 billion. This compares to the Wall...
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Thoughts On Reported Micron Bid From The Analyst Who Predicted It First
Tuesday, July 14, 2015 - 2:40pm | 1008Read More...Reuters reported early Tuesday morning that China's state-backed Unigroup Ltd. was preparing to bid for Micron Technology, Inc. (NASDAQ: MU). The firm, according to Reuters, will offer $23 billion – equivalent to $21 per share and a 19.3 percent premium on Micron's trading price at the time...
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Summit: Buy SanDisk, 'The Time Has Come'
Monday, June 22, 2015 - 7:21am | 289Read More...In a report published Monday, Summit analyst Srini Sundararajan upgraded the rating on SanDisk Corporation (NASDAQ: SNDK) to Buy, with an $85 price target. The analyst believes that it is time to buy the stock, given that all the factors that were adversely impacting it are now in the past. "There...
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Broadcom-Avago...The Day After
Thursday, May 28, 2015 - 2:13pm | 728Read More...Broadcom Corporation (NASDAQ: BRCM) soared over 20 percent Wednesday following news its would be acquired by Avago Technologies Ltd (NASDAQ: AVGO) in a $37 billion dollar deal; the deal was confirmed Thursday morning. On Thursday, Avago traded at $140.30, down 0.84 percent while Broadcom fell 2...
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Wall Street: Intel-Altera Deal Not Over 'Til It's Over
Friday, April 10, 2015 - 11:38am | 425Read More...Altera Corporation (NASDAQ: ALTR)'s board may get pressured to revisit its decision to reject a $54 a share offer from Intel Corporation (NASDAQ: INTC), analysts said Friday. The market gave some support to that view, with Altera opening sharply lower on the news Thursday, but then gaining...
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UPDATE: Summit Research Initiates Coverage On SunEdison Semiconductor On Harvest Gains In 2016
Friday, March 20, 2015 - 10:14am | 154Read More...In a report published Friday, Summit Research analyst Srini Sundararajan initiated coverage on SunEdison Semiconductor Ltd. (NASDAQ: SEMI) with a Buy rating and $30.00 price target. In the report, Summit Research noted, "We are initiating SunEdison SEMI stock at a BUY with a price target of $30,...
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Summit Research Reiterates On ASML, Sees 'Smooth Sailing' Ahead
Friday, January 23, 2015 - 8:02am | 225Read More...Summit Research expressed confidence in its Buy rating on ASML Holding NV (ADR) (NASDAQ: ASML) Thursday and maintained a $115 price target. Analyst Srini Sundararajan commented that “ASML looks good in 2015 based on increased foundry spending at TSMC partly seen in backlog (Taiwan backlog...
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Summit Research Raises Price Target On FormFactor
Tuesday, January 20, 2015 - 9:58am | 169Read More...In a note out Tuesday morning, Summit Research is raising the price target on FormFactor, Inc. (NASDAQ: FORM) from $10 to $11, while maintaining a Buy rating. In the note, analyst Srini Sundararajan states: "Raising P.T. to $11: Given back-to-back good performance quarter after quarter...
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Summit Research: Micron A 'Value Play' Ahead Of Q1 Earnings
Monday, January 5, 2015 - 11:13am | 228Read More...Srini Sundararajan of Summit Research Partners commented in a note on Monday that Micron Technology, Inc. (NASDAQ: MU) remains a “value play” ahead of its first quarter results. “We think that Micron will report a slight beat on the quarter on both revenue and earnings per...
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Summit Research Sees 'Tailwinds Galore' For Micron Technology
Thursday, December 18, 2014 - 5:10pm | 284Read More...Summit Research Partners reiterated its Buy rating and $50 price target on Micron Technology, Inc. (NASDAQ: MU) Wednesday citing “tailwinds galore” for the stock. Analyst Srini Sundararajan noted that "MU's forward P/E hovers around 8 when both the underlying markets DRAM...
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UPDATE: Summit Research Upgrades SanDisk
Tuesday, December 16, 2014 - 8:30am | 90Read More...On Monday, analysts at Summit Research upgraded shares of SanDisk Corporation (NASDAQ: SNDK) from Hold to Buy and raised the price target from $87 to $108. Analyst Srini Sundararajan stated, “We are moving to a BUY on SNDK based on the weak Yen helping with GM more than any other factor....
