Latest news with #JosephQuatrochi
Globe and Mail
a day ago
- Business
- Globe and Mail
Analysts Offer Insights on Technology Companies: Synopsys (SNPS) and Intel (INTC)
Analysts fell to the sidelines weighing in on Synopsys (SNPS – Research Report) and Intel (INTC – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Synopsys (SNPS) In a report released today, Joseph Quatrochi from Wells Fargo maintained a Hold rating on Synopsys, with a price target of $520.00. The company's shares closed last Wednesday at $523.11. According to Quatrochi is a 5-star analyst with an average return of 19.7% and a 66.7% success rate. Quatrochi covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Allegro MicroSystems, and NXP Semiconductors. ;'> Currently, the analyst consensus on Synopsys is a Strong Buy with an average price target of $598.58. Intel (INTC) In a report released yesterday, Aaron Rakers from Wells Fargo reiterated a Hold rating on Intel, with a price target of $22.00. The company's shares closed last Wednesday at $21.88, close to its 52-week low of $18.51. According to Rakers is a top 100 analyst with an average return of 23.2% and a 67.1% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies. ;'> The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $21.35 average price target, representing a -5.2% downside. In a report issued on June 23, Truist Financial also maintained a Hold rating on the stock.
Business Insider
19-06-2025
- Business
- Business Insider
Texas Instruments Stock (TXN) Jumps on U.S. Manufacturing Plans
Texas Instruments (TXN) stock got a slight boost on Wednesday after the semiconductor company announced plans to expand U.S. production. The calculator maker has promised to invest $60 billion in U.S. manufacturing that will be used to expand or build seven facilities. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Texas Instruments' interest in expanding its U.S. footprint isn't a decision it reached without encouragement. President Donald Trump has pushed for manufacturing to return to the U.S. To achieve this goal, the President has put tariffs in place that affect imports from many countries. Texas Instruments is among the semiconductor companies that already handle most of its manufacturing in the U.S. However, the company's supply chain relies on businesses overseas, including those in Taiwan, India, and Singapore. It didn't provide a timeline for when it would invest the $60 billion to enhance its U.S. operations. TXN Analyst Coverage and Stock Movement Recent analyst coverage of TXN stock has been mixed. Five-star Wells Fargo analyst Joseph Quatrochi reiterated a Hold rating, but increased his price target to $190 from $164, suggesting a possible 4.47% downside for the shares. He assigned this rating and price target to TX stock after comparing U.S. semiconductor companies to their Chinese rivals. Despite that slightly bearish stance, Texas Instruments stock has performed well, with a 0.6% rally today and a 7.11% increase year-to-date. Its year-over-year performance is less stunning, with only a 2.56% gain. Is Texas Instruments Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Texas Instruments is Moderate Buy, based on 10 Buy, 10 Hold, and three Sell ratings over the past three months. With that comes an average TXN stock price target of $185.95, representing a potential 6.5% upside for the shares.
Yahoo
29-05-2025
- Business
- Yahoo
Wells Fargo Maintains Buy Rating on Applied Materials (AMAT), Keeps PT Steady
On May 23, analyst Joseph Quatrochi from Wells Fargo maintained a Buy rating on Applied Materials, Inc. (NASDAQ:AMAT) while keeping the price target of $200. The reiteration comes after the company released fiscal second quarter results for 2025 on May 15. A technician in a clean room assembling a semiconductor chip using a microscope. Applied Materials, Inc. (NASDAQ:AMAT) delivered $7.10 billion in revenue reflecting 7% year-over-year growth. Notably, the EPS grew 14% during the same time to $2.39 surpassing analyst expectations by $0.08. Management reported the quarter to be driven by increased demand for AI-enabling semiconductors. Analyst Joseph Quatrochi highlighted the growth was driven by increased revenue contributions from major clients including Samsung and TSMC. Samsung's quarterly revenue contribution increased 65% year-over-year, whereas TSMC contributed 21% to the company's total revenue, reflecting a 150% increase during the same time. In addition, Quatrochi noted that despite revenue declining in some areas, excluding contributions from major clients, the overall financial health of Applied Materials Inc. (NASDAQ:AMAT) remains strong. The company anticipates third-quarter revenue to be around $7.2 billion with an EPS between $2.15 to $2.55. While we acknowledge the potential of AMAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMAT and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
