Srini Sundararajan

Summit Research Partners commented on the Cypress Semiconductor Corporation (NASDAQ: CY) and Spansion Inc. (NYSE: CODE) merger saying that the deal represents a "sum greater than its parts." Analyst Srini Sundararajan noted that “In a Silicon Valley match made in heaven, CY...

Summit Research issued a company note on Rubicon Technology, Inc. (NASDAQ: RBCN) Monday with a Hold rating and $8 price target. Analyst Srini Sundararajan noted that “Sapphire stocks wax and wane between what is likely to happen regarding alternative uses of Sapphire. Yes, there is some...

Mentor Graphics Corp (NASDAQ: MENT) increasingly predictable revenue stream should drive its shares higher, an analyst said Friday. The supplier of electronic design automation tools recently beat Wall Street's third-quarter earnings expectations, but offered a disappointing fourth-quarter...

Micron Technology, Inc. (NASDAQ: MU) could get a lift from a rumor that competitor Samsung Ltd. (OTC: SSNLF) is cutting back production plans for memory chips in favor of large-scale integration devices. "We expect this news to be positive for Micron Technology, since a DRAM competitor is...

Applied Materials, Inc. (NASDAQ: AMAT) is scheduled to report its fourth quarter results on Thursday after market close. Srini Sundararajan of Summit Research Partners recommends investors buy shares of Applied Materials heading in to the quarter and estimates there could be $1 upside post-earnings...

Summit Research issued an earnings preview for CommVault Systems, Inc. (NASDAQ: CVLT) Monday and reiterated its Buy rating and maintained its $62 price target. Analyst Srini Sundararajan noted that "CommVault is scheduled to report F2Q15 results BMO on 10/28" and he expected "the...

International Business Machines Corp.'s (NYSE: IBM) long-suffering chip-making operations got the coup de grace Monday when it agreed to pay $1.5 billion to the government of Abu Dhab to take the business of its hands. Summit's Srini Sundararajan called the deal "a non-event"...

Intel Corporation (NASDAQ: INTC) fell sharply Wednesday after analysts dug through its third-quarter data and sounded caution on the chipmaker's outlook. Santa Clara, California- based Intel, which relies heavily on the market for personal computers, posted a 15 percent gain in shipments...

On Wednesday, analysts at Summit Research revised the investment thesis on shares of SanDisk Corporation (NASDAQ: SNDK). Srini Sundararajan keeps the $87 price target and Hold rating on the stock, with modified estimates due to the recent acquisition of Fusion-OI Inc. Sundararajan stated,...

In a note out Wednesday morning, Summit Research analyst Srini Sundararajan delves into the major differences between Micron Technology, Inc. (NASDAQ: MU) and SanDisk Corporation (NASDAQ: SNDK), and why he favors Micron. Some of the key takeaways: Micron is Mainly a DRAM Player, Sandisk...

Veeco Instruments (NASDAQ: VECO) shares may be under pressure after Summit Research cut its price target from $30 to $25. Summit currently has a Sell rating on the stock. With shares currently trading at 41 times forward earnings, Summit questions "whether even 16x would be appropriate as...

Summit Research published a bullish report on Micron (NASDAQ: MU), which it maintained at Buy and a $46 price target. Analyst Srini Sundararajan uses the subtitle: “Can’t Make Stuff Fast Enough” and noted that Micron continues to boost its capital expenditure spending,...

Samsung Electronics' plan to boost in-house production of memory chips sent shares of Micron Technology (NASDAQ: MU) reeling Thursday, but one analyst said smart money should be buying. "Samsung is merely confirming a DRAM shortage," Summit's Srini Sundararajan said in a note...

Shares of KLA-Tencor (NASDAQ: KLAC) were down almost five percent following a seven percent earnings miss. “After the typical seasonal binge of orders in Jun Q for KLAC, there is a hangover period in CQ3 and KLAC will likely guide down (only once in last 10 years has the Sep Q been up)....