Tag Archives: txn

Tech A ‘Victim,’ Apple Still A Buy, Says BMO Capital

Technology stocks have been a “victim” of profit-taking early in 2016, says BMO Capital Markets, which expects the S&P 500 index, now trading near 1,900, to rebound to 2,100 by year-end. Among tech stocks rated outperform by BMO are Apple (AAPL), Google-parent Alphabet (GOOGL), Cisco Systems (CSCO), chipmaker Texas Instruments (TXN) and Visa (V), which has been innovating in online and mobile payments. Amid the broad market sell-off this month,

Apple iPhone Hit Bruises Avago, Texas Instruments

Texas Instruments (TXN) and Avago Technologies (AVGO) became Apple ‘s (AAPL) latest victims Tuesday, as Wall Street slashed the chip suppliers’ earnings estimates on presumed iPhone shipment weakness. Canaccord Genuity analyst T. Michael Walkley and RBC Capital analyst Amit Daryanani also lowered their views on iPhone shipments for 2016 and the March quarter, respectively. Walkley sees 219 million units in 2016, vs. his earlier call for 231

GoPro Supplier Ambarella, Qualcomm Set For Drone Duel

Qualcomm (QCOM), Broadcom (BRCM) and Texas Instruments (TXN) could mount an assault on GoPro (GPRO) chip supplier Ambarella’s (AMBA) robust drone sales, Needham analyst N. Quinn Bolton wrote in a research report Friday. And, as GoPro sales slough off despite holiday season shopping, Ambarella will be more dependent on robust drone camera, IP security camera and dash camera sales to stave off “competition from traditional semiconductor