SanDisk Co. (NASDAQ: SNDK), SunTrust (NYSE: STI), The Travelers Companies, Inc. (NYSE: TRV), Bristol Myers Squibb Co. (NYSE: BMY), Cerner Corp. (NASDAQ: CERN) and Cepheid (NASDAQ: CPHD) were upgraded by analysts.
SanDisk Co. (SNDK) was upgraded by Sterne Agee from a “Neutral” rating to a “Buy” rating. They have a price target of $57.00 on the company.
SunTrust (STI) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
The Travelers Companies, Inc. (TRV) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Bristol Myers Squibb Co. (BMY) was upgraded by Credit Agricole to an “Outperform” rating.
Cerner Corp. (CERN) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.
Cepheid (CPHD) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $42.00 on the company, up from $38.00.
Showing posts with label SanDisk. Show all posts
Showing posts with label SanDisk. Show all posts
Monday, January 9, 2012
Wednesday, January 4, 2012
SanDisk (SNDK) (SENEA) (SNBC) (CPF) (CPT) (CSE) Downgraded
SanDisk Co. (NASDAQ: SNDK), Seneca Foods (NASDAQ: SENEA), Sun Bancorp, Inc. (NASDAQ: SNBC), Cpb Inc. (NYSE: CPF), Camden Property Trust (NYSE: CPT) and CapitalSource (NYSE: CSE) were downgraded by analysts.
Seneca Foods (SENEA) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Sun Bancorp, Inc. (SNBC) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
SanDisk Co. (SNDK) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.
Cpb Inc. (CPF) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Camden Property Trust (CPT) was downgraded by RBC Capital from a “Top Pick” rating to an “Outperform” rating. They have a price target of $68.00 on the company.
CapitalSource (CSE) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.
Seneca Foods (SENEA) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Sun Bancorp, Inc. (SNBC) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
SanDisk Co. (SNDK) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.
Cpb Inc. (CPF) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Camden Property Trust (CPT) was downgraded by RBC Capital from a “Top Pick” rating to an “Outperform” rating. They have a price target of $68.00 on the company.
CapitalSource (CSE) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.
Monday, October 24, 2011
SanDisk (SNDK) (STJ) (TPX) (UNP) Ratings Reiterated
SanDisk Co. (NASDAQ: SNDK), St. Jude Medical, Inc. (NYSE: STJ), Tempur-Pedic International Inc. (NYSE: TPX) and Union Pacific (NYSE: UNP) had ratings on them reiterated by analysts.
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on SanDisk Co. (SNDK). They have a price target of $58.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on St. Jude Medical, Inc. (STJ).
Oppenheimer reiterated its "Market Perform" rating on Tempur-Pedic International Inc. (TPX).
JPMorgan Chase & Co. reiterated its "Overweight" rating on Union Pacific (UNP).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on SanDisk Co. (SNDK). They have a price target of $58.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on St. Jude Medical, Inc. (STJ).
Oppenheimer reiterated its "Market Perform" rating on Tempur-Pedic International Inc. (TPX).
JPMorgan Chase & Co. reiterated its "Overweight" rating on Union Pacific (UNP).
Monday, August 8, 2011
STEC (STEC) (MU) (NANO) (SHPGY) (SNDK) Get New Coverage
STEC Inc (NASDAQ: STEC), Micron Technology, Inc. (NYSE: MU), Nanometrics Inc (NASDAQ: NANO), Shire (NASDAQ: SHPGY) and SanDisk Co. (NASDAQ: SNDK) have new coverage initiated on them by analysts.
Oppenheimer initiated coverage on Micron Technology, Inc. (MU). They placed a “Perform” rating and a price target of $9.00 on the company.
Oppenheimer initiated coverage on Nanometrics Inc (NANO). They placed an “Outperform” rating and a price target of $22.00 on the company.
William Blair initiated coverage on Shire (SHPGY). They placed a “Market Perform” rating on the company.
Oppenheimer initiated coverage on SanDisk Co. (SNDK). They placed an “Outperform” rating and a price target of $65.00 on the company.
Needham & Company initiated coverage on STEC Inc (STEC). They placed a “Hold” rating on the company.
Oppenheimer initiated coverage on Micron Technology, Inc. (MU). They placed a “Perform” rating and a price target of $9.00 on the company.
Oppenheimer initiated coverage on Nanometrics Inc (NANO). They placed an “Outperform” rating and a price target of $22.00 on the company.
William Blair initiated coverage on Shire (SHPGY). They placed a “Market Perform” rating on the company.
Oppenheimer initiated coverage on SanDisk Co. (SNDK). They placed an “Outperform” rating and a price target of $65.00 on the company.
Needham & Company initiated coverage on STEC Inc (STEC). They placed a “Hold” rating on the company.
Monday, July 25, 2011
Diamond (DO) (DISH) (CREE) (GNW) (MHS) (SNDK) Price Targets Changed
Diamond Offshore Drilling, Inc. (NYSE: DO), DISH (NASDAQ: DISH), Cree, Inc. (NASDAQ: CREE), Genworth Financial, Inc. (NYSE: GNW), Medco Health Solutions Inc. (NYSE: MHS) and SanDisk Co. (NASDAQ: SNDK) price targets adjusted by analysts.
Diamond Offshore Drilling, Inc. (DO) had its price target lowered by Global Hunter Securities from $71.00 to $68.00. They have a “Neutral” rating on the company.
DISH (DISH) had its price target raised by Collins Stewart from $30.00 to $37.00. They have a “Buy” rating on the company.
Cree, Inc. (CREE) had its price target lowered by JPMorgan Chase & Co. (NYSE: JPM) to $48.00. They have an “Overweight” rating on the company.
Genworth Financial, Inc. (GNW) had its price target lowered by Citigroup (NYSE: C) to $8.00. They have a “Sell” rating on the company.
Medco Health Solutions Inc. (MHS) had its price target raised by UBS AG (NYSE: UBS) to $73.00. They have a “Buy” rating on the company.
SanDisk Co. (SNDK) had its price target lowered by Wedbush from $52.00 to $45.00. They have a “Neutral” rating on the company.
Diamond Offshore Drilling, Inc. (DO) had its price target lowered by Global Hunter Securities from $71.00 to $68.00. They have a “Neutral” rating on the company.
DISH (DISH) had its price target raised by Collins Stewart from $30.00 to $37.00. They have a “Buy” rating on the company.
Cree, Inc. (CREE) had its price target lowered by JPMorgan Chase & Co. (NYSE: JPM) to $48.00. They have an “Overweight” rating on the company.
Genworth Financial, Inc. (GNW) had its price target lowered by Citigroup (NYSE: C) to $8.00. They have a “Sell” rating on the company.
Medco Health Solutions Inc. (MHS) had its price target raised by UBS AG (NYSE: UBS) to $73.00. They have a “Buy” rating on the company.
SanDisk Co. (SNDK) had its price target lowered by Wedbush from $52.00 to $45.00. They have a “Neutral” rating on the company.
SanDisk (SNDK) (SWKS) (T) (UNP) (LLY) EPS Estimates Changed
SanDisk Co. (NASDAQ: SNDK), Skyworks Solutions, Inc. (NASDAQ: SWKS), AT&T Inc. (NYSE: T), Union Pacific (NYSE: UNP) and Eli Lilly & Co. (NYSE: LLY) EPS estimates changed by analysts.
UBS AG (NYSE:UBS) cuts its EPS estimate on SanDisk Co. (SNDK). They have a “Buy” rating and a price target of $62.00 on the company.
UBS AG lowered its EPS estimate of Skyworks Solutions, Inc. (SWKS). They have a “Buy” rating on the company. They cited valuation as the catalyst behind the call.
Goldman Sachs (NYSE: GS) boosted its EPS estimate on AT&T Inc. (T). They have a “Neutral” rating and a price target of $30.00 on the company.
Credit Suisse (NYSE: CS) raised its EPS estimate on Union Pacific (UNP). They have an “Outperform” rating and a price target of $131.00 on the company.
Goldman Sachs raised its EPS estimate on Eli Lilly & Co. (NYSE: LLY). They have a “Sell” rating and a price target of $35.00 on the company.
UBS AG (NYSE:UBS) cuts its EPS estimate on SanDisk Co. (SNDK). They have a “Buy” rating and a price target of $62.00 on the company.
UBS AG lowered its EPS estimate of Skyworks Solutions, Inc. (SWKS). They have a “Buy” rating on the company. They cited valuation as the catalyst behind the call.
Goldman Sachs (NYSE: GS) boosted its EPS estimate on AT&T Inc. (T). They have a “Neutral” rating and a price target of $30.00 on the company.
Credit Suisse (NYSE: CS) raised its EPS estimate on Union Pacific (UNP). They have an “Outperform” rating and a price target of $131.00 on the company.
Goldman Sachs raised its EPS estimate on Eli Lilly & Co. (NYSE: LLY). They have a “Sell” rating and a price target of $35.00 on the company.
Saturday, May 21, 2011
Price Targets (MRK) (NTGR) (SBNY) (SMTC) (SNDK) Weekly Recap
Price targets on shares of Merck & Co Inc (NYSE: MRK), NetGear Inc (NASDAQ: NTGR), Signature Bank (NASDAQ: SBNY), Semtech (NASDAQ: SMTC) and SanDisk Co. (NASDAQ: SNDK) updated by analysts during the last week.
Bank of America (NYSE:BAC) raised their price target on Merck & Co Inc (MRK) to $41.00. They have a “buy” rating on the company.
Bank of America raised their price target on NetGear Inc (NTGR) from $44.00 to $50.00.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Signature Bank (SBNY). They have an “overweight” rating on the company.
Morgan Keegan raised their price target on Semtech (SMTC) from $27.00 to $31.50. They have an “outperform” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on SanDisk Co. (SNDK) from $65.00 to $70.00. They have an “overweight” rating on the company.
Bank of America (NYSE:BAC) raised their price target on Merck & Co Inc (MRK) to $41.00. They have a “buy” rating on the company.
Bank of America raised their price target on NetGear Inc (NTGR) from $44.00 to $50.00.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Signature Bank (SBNY). They have an “overweight” rating on the company.
Morgan Keegan raised their price target on Semtech (SMTC) from $27.00 to $31.50. They have an “outperform” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on SanDisk Co. (SNDK) from $65.00 to $70.00. They have an “overweight” rating on the company.
Tuesday, May 17, 2011
Ratings on (PLT) (QTM) (SNDK) (TGH) (TRIT) Reiterated
Ratings on Plantronics (NYSE: PLT), Quantum Co. (NYSE: QTM), SanDisk Co. (NASDAQ: SNDK), Textainer Group Holdings Limited (NYSE: TGH) and Tri-Tech Holding, Inc. (NASDAQ: TRIT) were reiterated by analysts.
Wedbush reiterated a “neutral” rating on Plantronics (PLT). They have a price target of $37.00 on the company.
Wedbush reiterated a “hold” rating on Quantum Co. (QTM). They have a price target of $3.00 on the company.
Sterne Agee reiterated a “buy” rating on SanDisk Co. (SNDK). They have a price target of $65.00 on the company.
Piper Jaffray (NYSE:PJC) reiterated an “overweight” rating on Textainer Group Holdings Limited (TGH). They have a price target of $42.00 on the company.
Brean Murray reiterated a “buy” rating on Tri-Tech Holding, Inc. (TRIT).
Wedbush reiterated a “neutral” rating on Plantronics (PLT). They have a price target of $37.00 on the company.
Wedbush reiterated a “hold” rating on Quantum Co. (QTM). They have a price target of $3.00 on the company.
Sterne Agee reiterated a “buy” rating on SanDisk Co. (SNDK). They have a price target of $65.00 on the company.
Piper Jaffray (NYSE:PJC) reiterated an “overweight” rating on Textainer Group Holdings Limited (TGH). They have a price target of $42.00 on the company.
Brean Murray reiterated a “buy” rating on Tri-Tech Holding, Inc. (TRIT).
Monday, May 16, 2011
Price Targets on (SMTC) (SNDK) (XUE) (NTGR) (MRK) (SBNY) Updated
Price targets on NetGear Inc (NASDAQ: NTGR), Semtech (NASDAQ: SMTC), SanDisk Co. (NASDAQ: SNDK), Xueda Education (NYSE: XUE), Merck & Co Inc (NYSE: MRK) and Signature Bank (NASDAQ: SBNY) were updated by analysts.
Bank of America (NYSE:BAC) raised their price target on NetGear Inc (NTGR) from $44.00 to $50.00.
Bank of America raised their price target on Merck & Co Inc (MRK) to $41.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Signature Bank (SBNY). They have an “overweight” rating on the company.
Morgan Keegan raised their price target on Semtech (SMTC) from $27.00 to $31.50. They have an “outperform” rating on the stock.
Morgan Stanley (NYSE:MS) raised their price target on SanDisk Co. (SNDK) from $65.00 to $70.00. They have an “overweight” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Xueda Education (XUE) from $12.00 to $13.00. They have a “buy” rating on the company.
Bank of America (NYSE:BAC) raised their price target on NetGear Inc (NTGR) from $44.00 to $50.00.
Bank of America raised their price target on Merck & Co Inc (MRK) to $41.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Signature Bank (SBNY). They have an “overweight” rating on the company.
Morgan Keegan raised their price target on Semtech (SMTC) from $27.00 to $31.50. They have an “outperform” rating on the stock.
Morgan Stanley (NYSE:MS) raised their price target on SanDisk Co. (SNDK) from $65.00 to $70.00. They have an “overweight” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Xueda Education (XUE) from $12.00 to $13.00. They have a “buy” rating on the company.
Monday, May 9, 2011
Ratings on (PL) (PSA) (ROST) (SLXP) (SNDK) Upgraded
Analysts upgraded their ratings on Protective Life Corp. (NYSE: PL), Public Storage (NYSE: PSA), Ross Stores, Inc. (NASDAQ: ROST), Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) and SanDisk Co. (NASDAQ: SNDK) today.
Raymond James upgraded Protective Life Corp. (PL) from an “outperform” rating to a “buy” rating.
Raymond James upgraded shares of Public Storage (PSA) from a “market perform” rating to an “outperform” rating.
Citigroup (NYSE:C) upgraded Ross Stores, Inc. (ROST) from a “sell” rating to a “hold” rating.
JMP Securities upgraded shares of Salix Pharmaceuticals, Ltd. (SLXP) from a “market perform” rating to an “outperform” rating.
ThinkEquity upgraded SanDisk Co. (SNDK) to a “buy” rating.
Raymond James upgraded Protective Life Corp. (PL) from an “outperform” rating to a “buy” rating.
Raymond James upgraded shares of Public Storage (PSA) from a “market perform” rating to an “outperform” rating.
Citigroup (NYSE:C) upgraded Ross Stores, Inc. (ROST) from a “sell” rating to a “hold” rating.
JMP Securities upgraded shares of Salix Pharmaceuticals, Ltd. (SLXP) from a “market perform” rating to an “outperform” rating.
ThinkEquity upgraded SanDisk Co. (SNDK) to a “buy” rating.
Ratings on (PL) (PSA) (ROST) (SLXP) (SNDK) Upgraded
Analysts upgraded their ratings on Protective Life Corp. (NYSE: PL), Public Storage (NYSE: PSA), Ross Stores, Inc. (NASDAQ: ROST), Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) and SanDisk Co. (NASDAQ: SNDK) today.
Raymond James upgraded Protective Life Corp. (PL) from an “outperform” rating to a “buy” rating.
Raymond James upgraded shares of Public Storage (PSA) from a “market perform” rating to an “outperform” rating.
Citigroup (NYSE:C) upgraded Ross Stores, Inc. (ROST) from a “sell” rating to a “hold” rating.
JMP Securities upgraded shares of Salix Pharmaceuticals, Ltd. (SLXP) from a “market perform” rating to an “outperform” rating.
ThinkEquity upgraded SanDisk Co. (SNDK) to a “buy” rating.
Raymond James upgraded Protective Life Corp. (PL) from an “outperform” rating to a “buy” rating.
Raymond James upgraded shares of Public Storage (PSA) from a “market perform” rating to an “outperform” rating.
Citigroup (NYSE:C) upgraded Ross Stores, Inc. (ROST) from a “sell” rating to a “hold” rating.
JMP Securities upgraded shares of Salix Pharmaceuticals, Ltd. (SLXP) from a “market perform” rating to an “outperform” rating.
ThinkEquity upgraded SanDisk Co. (SNDK) to a “buy” rating.
Thursday, April 14, 2011
Semi's Shaky as (TXN) (INTC) (SNDK) (QCOM) (CY) Earnings Season Approaches
With growing uncertainty surrounding the semiconductor industry after the earthquake and tsunami in Japan, Texas Instruments (TXN) will be the first to report first-quarter earnings Monday, with Intel Corp. (NASDAQ:INTC) posting its quarterly results on Tuesday, followed by other chip companies reporting next week like Qualcomm Inc. (NASDAQ:QCOM), SanDisk Corp. (NASDAQ:SNDK) and Cypress Semiconductor Corp. (NASDAQ:CY).
It appears guidance will be paramount to investor response, as the supply and demand picture could weigh heavily on the sector going forward.
The earnings report should be decent for most chip suppliers, as pricing for NAND and DRAM chips have been finding some strength. but there's no doubt the wafer supply chain is broken, and a new challenge are the power supply issues.
Consequently the current quarter looks very weak, and investors will look there rather than at last quarter's results.
It appears guidance will be paramount to investor response, as the supply and demand picture could weigh heavily on the sector going forward.
The earnings report should be decent for most chip suppliers, as pricing for NAND and DRAM chips have been finding some strength. but there's no doubt the wafer supply chain is broken, and a new challenge are the power supply issues.
Consequently the current quarter looks very weak, and investors will look there rather than at last quarter's results.
Monday, March 14, 2011
iShares Silver Trust (SLV) Versus (PCLN), (SNDK), (NFLX), (AAPL) (CRM)
While tech stocks have been hot for the last couple of years, silver has also done well, although when measured by certain dates, especially starting in 2009, tech stocks like Priceline.com (NASDAQ:PCLN), SanDisk (NASDAQ:SNDK), Netflix (NASDAQ:NFLX), Apple (NASDAQ:AAPL), Salesforce.com (NYSE:CRM), Juniper (NASDAQ:JNPR), and Amazon.com (NASDAQ:AMZN) (in that order), have outperformed the top silver ETF, iShares Silver Trust (SLV).
That's interesting, but any of us can choose a certain date for any stock or sector and make a case for overperformance or underperformance, depending on what we're attempting to communicate or prove.
For example, when you fast forward to the latter part of 2010, say August, then SLV outperforms all the above-listed stocks with the exception of Priceline and Netflix, although they're even with Netflix during that time.
More than likely as we go forward, we'll find that silver will probably outperform all of the tech companies, even if they continue to do well, as it could very well be the investment of the next decade, according to a number of experts.
That doesn't necessarily mean that the outperformance will come via SLV, but it will come nonetheless.
Source
That's interesting, but any of us can choose a certain date for any stock or sector and make a case for overperformance or underperformance, depending on what we're attempting to communicate or prove.
For example, when you fast forward to the latter part of 2010, say August, then SLV outperforms all the above-listed stocks with the exception of Priceline and Netflix, although they're even with Netflix during that time.
More than likely as we go forward, we'll find that silver will probably outperform all of the tech companies, even if they continue to do well, as it could very well be the investment of the next decade, according to a number of experts.
That doesn't necessarily mean that the outperformance will come via SLV, but it will come nonetheless.
Source
Micron (MU), SanDisk (SNDK) Up on Chip Prices Rising
The possibility the price of chips could rise because of the interruptions coming from the major earthquake which measured 8.9 in magnitude, pushed up the share prices of Micron (NASDAQ:MU) and SanDisk (NASDAQ:SNDK) on Friday, as uncertainty as to the depth of the damage and how long it would affect Toshiba is creating the upside.
Not only is there damage of chips in the factories themselves, but possibly more of an impact will be the time it could take to ship the chips to foreign markets.
"In addition to delivery interruptions that may arise from factory damage, shipments of product may be affected by disruptions in road, rail, sea, and air transportation within and from Japan," Toshiba said.
Pricing leverage and market share gains are two of the areas Micron and others may be able to exploit if this has a deeply detrimental impact, which history has shown can be the case in even small interruptions in the industry.
Micron closed Friday at $10.23, up $0.31, or 3.17 percent. SanDisk closed at $45.07, up $0.14, or 0.31 percent.
Not only is there damage of chips in the factories themselves, but possibly more of an impact will be the time it could take to ship the chips to foreign markets.
"In addition to delivery interruptions that may arise from factory damage, shipments of product may be affected by disruptions in road, rail, sea, and air transportation within and from Japan," Toshiba said.
Pricing leverage and market share gains are two of the areas Micron and others may be able to exploit if this has a deeply detrimental impact, which history has shown can be the case in even small interruptions in the industry.
Micron closed Friday at $10.23, up $0.31, or 3.17 percent. SanDisk closed at $45.07, up $0.14, or 0.31 percent.
Friday, March 11, 2011
Risks to (MU), (ATML), (NVDA), (SNDK) Overblown Says Raymond James
With shares of Micron Technology (MU), Atmel (ATML), Nvidia (NVDA) and SanDisk (SNDK) getting punished because of perceived fears for companies offering tablets based on Google‘s (GOOG) Android software, Raymond James‘s chip analyst Hans Mosesmann said the risks aren't nearly as bad as they appear, and in some cases are relatively non-existent.
Mosesmann says, “the Android tablet theme has been a powerful negative force in the past couple of weeks mainly because there is no way to refute it until more original equipment manufacturers (OEMs) launch Android Honeycomb-based systems and until Apple actually introduces the iPad2.”
Mosesmann also sees little if any threat to Nvidia’s “Tegra 2″ microprocessor from any tablet shortfall, in light of the fact that “the bulk of forecasted demand is coming from smartphones,” not tablets. The same is true for Atmel’s touch controller chips.
Nor is there really much bad news for As for NAND flash chips from Micron and SanDisk, there really isn't much in the way of bad news there either. “On the contrary, it appears to us that the NAND dynamic seems to be shifting more to an undersupply of NAND on the potential strong success of iPad 2 in the second half of 2011,” said Mosesmann.
Atmel, Nvidia, Micron and SanDisk shares are down 17%, 14%, 9% and 5%, since Apple (NASDAQ:AAPL) announced the iPad 2 on March 2nd.
Micron closed Thursday at $9.93, down $0.39, or 3.83 percent. Atmel closed at $11.86, falling $0.66, or 5.27 percent. Nvidia closed at $17.92, down $1.22, or 6.37 percent. SanDisk closed at $44.93, dropping $1.21, or 2.62 percent.
Mosesmann says, “the Android tablet theme has been a powerful negative force in the past couple of weeks mainly because there is no way to refute it until more original equipment manufacturers (OEMs) launch Android Honeycomb-based systems and until Apple actually introduces the iPad2.”
Mosesmann also sees little if any threat to Nvidia’s “Tegra 2″ microprocessor from any tablet shortfall, in light of the fact that “the bulk of forecasted demand is coming from smartphones,” not tablets. The same is true for Atmel’s touch controller chips.
Nor is there really much bad news for As for NAND flash chips from Micron and SanDisk, there really isn't much in the way of bad news there either. “On the contrary, it appears to us that the NAND dynamic seems to be shifting more to an undersupply of NAND on the potential strong success of iPad 2 in the second half of 2011,” said Mosesmann.
Atmel, Nvidia, Micron and SanDisk shares are down 17%, 14%, 9% and 5%, since Apple (NASDAQ:AAPL) announced the iPad 2 on March 2nd.
Micron closed Thursday at $9.93, down $0.39, or 3.83 percent. Atmel closed at $11.86, falling $0.66, or 5.27 percent. Nvidia closed at $17.92, down $1.22, or 6.37 percent. SanDisk closed at $44.93, dropping $1.21, or 2.62 percent.
Wednesday, March 9, 2011
Micron (MU), SanDisk (SNDK) Recommended on DRAM, NAND Changes
Sterne Agee chip analyst Vijay Rakesh today maintained a "Buy" rating and a $17 price target on shares of Micron Technology (NASDAQ:MU), and a "Buy" rating and a $65 price target on shares of SanDisk (NASDAQ:SNDK), saying that “structural changes” are coming to the DRAM chip market and the NAND flash chip market.
On the DRAM side, Micron’s Taiwanese competitors lack the proper immersion technology to shrink DRAM chips, they have “significantly higher cash and fully loaded costs,” and there simply are fewer viable DRAM suppliers, which is prompting PC OEMs to go easy on their pricing demands.
Rakesh’s point is that with so few DRAM makers in the business these days, PC OEMs are not going to try to drive a hard line on price, because they don’t want to drive anyone out of business, thus creating shortages and driving prices back up.
On the NAND flash side, it’s all about Apple’s (NASDAQ:AAPL) iPad 2, and competing tablets, which have “irreversibly” changed the NAND industry.
Rakesh said, "The tablet market is an entirely new market for NAND, and with the iPad 2, appears to have gotten a second coming, a resurrection of sorts. [T]here were doubts about what another iPad would do, [but] the launch of the iPad2 laid to rest doubts of it being another Blockbuster. The overarching view in Taiwan is that iPad2 is a runaway winner in 2011. While all competing tablets have been pricing at $700-900, the iPad2 pricing at $499 has been a stunner, leaving the competition with no answer. But we believe the view here is, it is short term, where the other PC- handset OEMs will figure out a Tablet Pricing+Android app strategy and come back into the market. Structurally the Tablet segment is here to stay and will only grow in strength."
Micron closed Tuesday at $10.89, down $0.14, or 1.27 percent. SanDisk closed at $46.91, up $0.03, or 0.06 percent.
Source
On the DRAM side, Micron’s Taiwanese competitors lack the proper immersion technology to shrink DRAM chips, they have “significantly higher cash and fully loaded costs,” and there simply are fewer viable DRAM suppliers, which is prompting PC OEMs to go easy on their pricing demands.
Rakesh’s point is that with so few DRAM makers in the business these days, PC OEMs are not going to try to drive a hard line on price, because they don’t want to drive anyone out of business, thus creating shortages and driving prices back up.
On the NAND flash side, it’s all about Apple’s (NASDAQ:AAPL) iPad 2, and competing tablets, which have “irreversibly” changed the NAND industry.
Rakesh said, "The tablet market is an entirely new market for NAND, and with the iPad 2, appears to have gotten a second coming, a resurrection of sorts. [T]here were doubts about what another iPad would do, [but] the launch of the iPad2 laid to rest doubts of it being another Blockbuster. The overarching view in Taiwan is that iPad2 is a runaway winner in 2011. While all competing tablets have been pricing at $700-900, the iPad2 pricing at $499 has been a stunner, leaving the competition with no answer. But we believe the view here is, it is short term, where the other PC- handset OEMs will figure out a Tablet Pricing+Android app strategy and come back into the market. Structurally the Tablet segment is here to stay and will only grow in strength."
Micron closed Tuesday at $10.89, down $0.14, or 1.27 percent. SanDisk closed at $46.91, up $0.03, or 0.06 percent.
Source
Friday, February 25, 2011
SanDisk (NASDAQ:SNDK) Should Beat Out Micron (NASDAQ:MU), Toshiba, Samsung in Tablet Opportunity
SanDisk Corporation (NASDAQ:SNDK) is a global leader in the flash memory card market and competes with Hynix, Micron (NASDAQ:MU), Samsung, STMicroelectronics, Toshiba and IM Flash (a joint venture of Micron and Intel).
We recently updated our forecast for SanDisk based on its strong performance in Q4 10 and the positive outlook for flash storage in the future given the rising popularity of smartphones and other portable hand held devices that use flash storage.
We believe that the recent surge in popularity of tablet devices in particular and the use of solid state drives (or SSDs), which are based on NAND based flash memory, provides SanDisk with a tremendous opportunity going forward. Below we here try to gauge the impact of the rising tablet market and the upside potential to our $50.60 Trefis price estimate for SanDisk’s stock.
The Tablet Opportunity
The launch of Apple’s iPad (NASDAQ:AAPL) in 2010 and its huge impact so far have led to a scramble among technology giants to launch their own tablets to get a foothold in this market. The tablet market will likely change the way people use computers, and so major computer companies need to have some competing product or risk missing out on the huge growth in this segment.
Full Story
We recently updated our forecast for SanDisk based on its strong performance in Q4 10 and the positive outlook for flash storage in the future given the rising popularity of smartphones and other portable hand held devices that use flash storage.
We believe that the recent surge in popularity of tablet devices in particular and the use of solid state drives (or SSDs), which are based on NAND based flash memory, provides SanDisk with a tremendous opportunity going forward. Below we here try to gauge the impact of the rising tablet market and the upside potential to our $50.60 Trefis price estimate for SanDisk’s stock.
The Tablet Opportunity
The launch of Apple’s iPad (NASDAQ:AAPL) in 2010 and its huge impact so far have led to a scramble among technology giants to launch their own tablets to get a foothold in this market. The tablet market will likely change the way people use computers, and so major computer companies need to have some competing product or risk missing out on the huge growth in this segment.
Full Story
Thursday, February 17, 2011
NetApp (NTAP) Struggles After Weak Guidance
Shares of NetApp (NASDAQ:NTAP) were down over 10 percent in early trading, as the company guidance was below expectations.
Craig-Hallum Capital Group analyst Eric Martinuzzi said in a note to clients, “The company is going through a personnel and capital equipment investment phase that should be good for the long term, but will weigh on near-term earnings and free cash flow leverage. Long term holders should not read too much into our downgrade, but we see the shares pausing in the near term as NetApp’s human capital growth catches up to its product growth.”
Several other brokerages downgraded the stock after the guidance as well.
While the guidance weighed on some parts of the tech sector, companies like Nvidia Corp. (NVDA), SanDisk (SNDK), Intel (INTC) and AMD (AMD) were all doing well in the trading session.
NetApp was trading at $53.72, dropping $4.82, or 8.23 percent, as of 12:18 PM EST.
Craig-Hallum Capital Group analyst Eric Martinuzzi said in a note to clients, “The company is going through a personnel and capital equipment investment phase that should be good for the long term, but will weigh on near-term earnings and free cash flow leverage. Long term holders should not read too much into our downgrade, but we see the shares pausing in the near term as NetApp’s human capital growth catches up to its product growth.”
Several other brokerages downgraded the stock after the guidance as well.
While the guidance weighed on some parts of the tech sector, companies like Nvidia Corp. (NVDA), SanDisk (SNDK), Intel (INTC) and AMD (AMD) were all doing well in the trading session.
NetApp was trading at $53.72, dropping $4.82, or 8.23 percent, as of 12:18 PM EST.
Tuesday, February 8, 2011
SanDisk (Nasdaq:SNDK) Gets Another Boost, This Time from Sterne Agee
SanDisk (Nasdaq:SNDK) has been getting a lot of positive attention from analysts lately, with the more recent being Sterne Agee, which boosted its rating on the stock today.
Sterne Agee analyst Vijay Rakesh noted the overall flash industry seems to be strengthening and within that, SanDisk is improving on its NAND flash memory chips, which they are moving toward 24 nanometer dimensions.
"We believe NAND fab capacity and supply will be key metrics to watch, especially as Micron ramps its Singapore fab in March 2010. But we believe both the Samsung Line16 and Toshiba Fab5 are coming on only in 2H11 and will be key supply channels to monitor. While SNDK has become more prudent in watching its supply, key will be how Samsung behaves with its fab coming on line. We believe Hynix still remains under pressure in bringing on NAND supply given a big debt load," said Rakesh.
The good news is demand will probably remain solid for NAND flash, based on the increasing exposure they're getting from the tablet and smartphone sector. Prices also appear to be holding stronger than expected, looking to remain level, rather than drop 5 percent, which Rakesh had believed they would earlier.
Even with the positive comments, Rakesh still likes Micron (NASDAQ:MU) and Advanced Micro Devices (NYSE:AMD) over SanDisk at this time.
He boosted his estimates for SanDisk to $1.4 billion in revenue and $1.22 in EPS for Q2, from $1.3 billion and $1.03, and increased his full year estimate from $5.6 billion and $4.03 a share to $5.9 billion and $4.66 a share.
SanDisk was trading at $49.90, gaining $2.10, or 4.39 percent, as of 12:16 PM EST. Sterne has a price target of $65 on SanDisk.
Sterne Agee analyst Vijay Rakesh noted the overall flash industry seems to be strengthening and within that, SanDisk is improving on its NAND flash memory chips, which they are moving toward 24 nanometer dimensions.
"We believe NAND fab capacity and supply will be key metrics to watch, especially as Micron ramps its Singapore fab in March 2010. But we believe both the Samsung Line16 and Toshiba Fab5 are coming on only in 2H11 and will be key supply channels to monitor. While SNDK has become more prudent in watching its supply, key will be how Samsung behaves with its fab coming on line. We believe Hynix still remains under pressure in bringing on NAND supply given a big debt load," said Rakesh.
The good news is demand will probably remain solid for NAND flash, based on the increasing exposure they're getting from the tablet and smartphone sector. Prices also appear to be holding stronger than expected, looking to remain level, rather than drop 5 percent, which Rakesh had believed they would earlier.
Even with the positive comments, Rakesh still likes Micron (NASDAQ:MU) and Advanced Micro Devices (NYSE:AMD) over SanDisk at this time.
He boosted his estimates for SanDisk to $1.4 billion in revenue and $1.22 in EPS for Q2, from $1.3 billion and $1.03, and increased his full year estimate from $5.6 billion and $4.03 a share to $5.9 billion and $4.66 a share.
SanDisk was trading at $49.90, gaining $2.10, or 4.39 percent, as of 12:16 PM EST. Sterne has a price target of $65 on SanDisk.
Friday, January 21, 2011
SanDisk (NASDAQ:SNDK) to Benefit from Stronger Pricing Trends
SanDisk (NASDAQ:SNDK) had their EPS estimates for 2011 raised by UBS, citing strength in pricing trends going forward.
UBS says, "We are raising our 2011 estimates modestly (from $4.22 to $4.28) to reflect better pricing trends entering the year coupled with expectations for strong demand from tablets and increasing Solid State Drive (SSD) adoption to drive undersupply for the year vs prior view for modest oversupply. We increase our 2011 GAAP EPS by 2% on an ASP decline of -36% y/y (was -38%), 2012 is unchanged, and raise 2013 EPS by 22% on strong SSD adoption.
UBS maintains a "Buy" rating on SanDisk (SNDK), which closed Thursday at $49.95, dropping $1.55, or 3.01 percent. UBS raised their price target on SanDisk from $55 to $62.
UBS says, "We are raising our 2011 estimates modestly (from $4.22 to $4.28) to reflect better pricing trends entering the year coupled with expectations for strong demand from tablets and increasing Solid State Drive (SSD) adoption to drive undersupply for the year vs prior view for modest oversupply. We increase our 2011 GAAP EPS by 2% on an ASP decline of -36% y/y (was -38%), 2012 is unchanged, and raise 2013 EPS by 22% on strong SSD adoption.
UBS maintains a "Buy" rating on SanDisk (SNDK), which closed Thursday at $49.95, dropping $1.55, or 3.01 percent. UBS raised their price target on SanDisk from $55 to $62.
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