Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
9/6/2024 | $950.00 → $500.00 | Overweight → Neutral | JP Morgan | |
9/4/2024 | $693.00 → $438.00 | Overweight → Equal Weight | Barclays | |
8/29/2024 | $80.00 → $62.00 | Buy | Needham | |
8/29/2024 | $80.00 → $70.00 | Buy | TD Cowen | |
8/26/2024 | $150.00 → $140.00 | Buy | Needham | |
8/20/2024 | Buy | Edward Jones | ||
8/19/2024 | $210.00 | Buy | TD Cowen | |
8/19/2024 | $60.00 | Neutral | Piper Sandler |
4 - VEECO INSTRUMENTS INC (0000103145) (Issuer)
4 - WESTERN DIGITAL CORP (0000106040) (Issuer)
3 - LAM RESEARCH CORP (0000707549) (Issuer)
Q2 Net Revenue: $1.273 billion, declined by (5)% year-on-yearQ2 Gross Margin: 46.2% GAAP gross margin; 61.9% non-GAAP gross marginQ2 Diluted income (loss) per share: $(0.22) GAAP diluted loss per share; $0.30 non-GAAP diluted income per shareSANTA CLARA, Calif., Aug. 29, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2025. Net revenue for the second quarter of fiscal 2025 was $1.273 billion, $23.0 million above the mid-point of the Company's guidance provided on May 30, 2024. GAAP net loss for the second quarter of fiscal 2025 was $(193.3) million, or
FREMONT, Calif., Aug. 29, 2024 /PRNewswire/ -- Lam Research Corporation (NASDAQ:LRCX) today announced that its Board of Directors has approved a $0.30, or 15%, increase in its quarterly dividend, from $2.00 to $2.30 per share of common stock. The dividend payment will be made on October 1, 2024, to holders of record on September 17, 2024. Future dividend payments are subject to review and approval by the Board of Directors. About Lam Research: Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly ever
Q2 total revenue growth of 11% year-over-yearSubscription services ARR growing 24% year-over-year SANTA CLARA, Calif., Aug. 28, 2024 /PRNewswire/ -- Today Pure Storage (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its second quarter fiscal year 2025 ended August 4, 2024. "In a world where energy demands are soaring, the power savings of Pure Storage alone make the move from hard disks to Pure technology a smart choice for both hyperscaler and enterprise data centers," said Pure Storag
Popular, interactive yearly demo offers a deep dive into future-ready Ethernet technologies The Ethernet Alliance, a global consortium dedicated to the continued success and advancement of Ethernet technologies, today announced details of its exhibit at stand #A3 during the 2024 European Conference on Optical Communication (ECOC). Europe's leading optical communications conference is set to take place September 22-26, 2024, at Messe Frankfurt, Germany. The Ethernet Alliance's highly anticipated multivendor interoperability demonstration will showcase an impressive range of Ethernet technologies, spanning from 10 Gigabit Ethernet (GbE) to 800GbE. The display includes best-in-class switches
SANTA CLARA, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) announced "Advancing AI 2024," an in-person and livestreamed event on October 10, 2024 to showcase the next-generation AMD Instinct™ accelerators and 5th Gen AMD EPYC™ server processors, as well as Networking and AI PC updates, in addition to highlighting the Company's growing AI solutions ecosystem. AMD executives and AI ecosystems partners, customers and developers will join Chair and CEO Dr. Lisa Su to discuss how AMD products and software are reshaping the AI and high-performance computing landscape. The live stream will start at 9:00 a.m. PT/12:00 p.m. ET on Thursday, October 10 at < https://www.amd.
Ecosystem Enables Cloud Operators to Optimally Scale Regional Data Center Connectivity for the AI Era SANTA CLARA, Calif., Sept. 5, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, Lumentum Holdings Inc., a market-leading designer and manufacturer of innovative optical and photonic products, and Coherent Corp., a leader in compound semiconductors and high-speed optical networking technology today announced the successful interoperability demonstration of 800G ZR/ZR+ optical modules over transmission links up to 500km. This achievement demonstrates that multivendor standards-based pluggable modules can interoperate while ach
10-Q - Pure Storage, Inc. (0001474432) (Filer)
8-K - Super Micro Computer, Inc. (0001375365) (Filer)
8-K - LAM RESEARCH CORP (0000707549) (Filer)
Mr. Ducrot brings strong customer relationships and business development expertise during an exciting time for the semiconductor industry GRENOBLE, France, Sept. 4, 2024 /PRNewswire/ -- Applied Materials, Inc. today announced Florent Ducrot, Vice President and General Manager, to serve as the Head of European Operations. Mr. Ducrot has more than three decades of experience in the semiconductor industry, spanning marketing, service and business development. During his 21 years at Applied Materials, he has led initiatives which contributed to significant growth of the company's services business.
SANTA CLARA, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that Keith Strier has joined the company as senior vice president of global AI markets. Strier has more than 30 years of experience in strategic business and market development, technical engineering and enabling responsible AI deployments. He most recently served as vice president of worldwide AI initiatives at NVIDIA, with responsibility for expanding commercial engagements with foreign governments. At AMD, he will be responsible for expanding the company's AI vision, driving new ecosystem capabilities and accelerating strategic AI engagements globally across public and private sectors. He reports to
FREMONT, Calif., Aug. 30, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today announced that Ita Brennan and Mark Fields have joined its board of directors, effective August 30, 2024. Brennan brings to the board significant senior executive-level financial management expertise in the technology industry. Most recently, she was Senior Vice President and Chief Financial Officer (CFO) of Arista Networks. Brennan previously held CFO roles at QuantumScape Corporation and Infinera Corporation, where she also served as Vice President of Finance and Corporate Controller. Earli
4 - Marvell Technology, Inc. (0001835632) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
JP Morgan downgraded Super Micro Computer from Overweight to Neutral and set a new price target of $500.00 from $950.00 previously
Barclays downgraded Super Micro Computer from Overweight to Equal Weight and set a new price target of $438.00 from $693.00 previously
Needham reiterated coverage of Pure Storage with a rating of Buy and set a new price target of $62.00 from $80.00 previously
SC 13G/A - Pure Storage, Inc. (0001474432) (Subject)
SC 13G/A - Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A - Super Micro Computer, Inc. (0001375365) (Subject)
To gain an edge, this is what you need to know today. GDP Brings Buying Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ. The drop in QQQ was triggered by speculative sentiment pulling back. As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold. Oversold markets tend to bounce. The chart shows that the volume was low on the selloff. This indicates a lack of conviction in selling. Especially hard hit in
Advanced Micro Devices, Inc (NASDAQ:AMD) has postponed the launch of its highly anticipated Zen 5 processors, including the 16-core, 32-thread Ryzen 9 9950X, which it claims to be “the world’s most powerful desktop consumer processor.” The company discovered that some initial production units still needed to undergo the full range of quality checks, the Verge reports. The new launch dates are August 8 for the Ryzen 7 9700X and Ryzen 5 9600X and August 15 for the Ryzen 9 9950X and Ryzen 9 9900X. The new lineup includes the Ryzen 9 9950X, Ryzen 9 9900X, Ryzen 7 9700X, and Ryzen 5 9600X. Regarding recent issues faced by Intel Corp (NASDAQ:INTC) with its 13th and 14th Gen desktop pro