industry's ASP to fall $27 to $308. Smartphone OEMs with strong Chinese exposure: AAPL , OTC:SSNLF , OTCPK:LNVGY , OTCPK:ZTCOY Chip suppliers: QCOM , BRCM , CRUS , SWKS , RFMD , MRVL Chinese carriers: CHL , CHU , CHA Post your comment!
and strong top-line guidance , but later sold off. Intuit ( INTU +0.3% ) has been upgraded to Buy by Citi. RF Micro ( RFMD +0.7% ) has been upgraded to Buy by BofA/Merrill. Infosys ( INFY -2% ) has been cut to Neutral by Baird. Intelsat
stabilizing . Notable winners: AMBA +5.4% . AMCC +5.2% . CRUS +3.3% . SWKS +3% . QUIK +4.1% . INVN +2.7% . RFMD +3.5% . TQNT +3% . SIMO +2.7% . CAVM +3.6% . All of the aforementioned names have strong mobile and/or telecom
RF Micro ( RFMD -2.4% ) has been cut to Hold by Canaccord, and to Neutral by D.A. Davidson, after soaring yesterday in response to news
Top 10 Gainers: DYSL +47% . RBPAA +31% . SSY +26% . TREX +23% . TQNT +22% . OTCPK:MRNA +22% . PULS +19% . RFMD +16% . KNDI +15% . [KIOR] +14% Top 10 Losers: MVIS -11% . EJ -10% . XGTI -10% . OGEN -9% . REDF -8
our $27 fair value estimate for Skyworks in light of the announced merger of two of the firm’s smaller competitors, RF Micro Devices and TriQuint Semiconductor, both outside of our coverage universe. The deal is being received favorably by the market
also boosts sentiment. M&A news sparks early movers: TriQuint Semi +20.8% premarket after agreeing to merge with RF Micro Devices , and Jos. A. Bank +8% after Men’s Wearhouse raised its takeover offer to $63.50/share. Treasurys display
Gainers: TQNT +23% . RFMD +17% . PTN +10% . GTAT +9% . JOSB +8% . SNTA +7% . PANW +7% . IFON +6% . KNDI +6% . SINA +6% . VOD +6% . AGEN +6% . ATHM +6% . CLSN +6% . FRO +5% . Losers: LOCK -7% . DDS -6% . Post your comment!
Shares of RF Micro Devices ( RFMD ) shoot up 15.1% after coming off a trading halt tied to an announcement ..... The pop for TQNT is even more pronounced, +17.6% premarket. RFMD -TQNT merger announcement Post your comment!
Feb 24 (Reuters) - Radio frequency chipmakers RF Micro Devices Inc and TriQuint Semiconductor Inc said they would merge in an all-stock deal to create a new company with combined revenue of more than $2 billion.