Latest news with #KinngaiChan
Business Insider
3 days ago
- Business
- Business Insider
Applied Materials (AMAT) was downgraded to a Hold Rating at Summit Insights Group
Applied Materials received a Hold rating and price target from Summit Insights Group analyst Kinngai Chan today. The company's shares closed today at $188.24. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Chan covers the Technology sector, focusing on stocks such as Applied Materials, Lam Research, and Nvidia. According to TipRanks, Chan has an average return of 29.4% and a 70.83% success rate on recommended stocks. In addition to Summit Insights Group, Applied Materials also received a Hold from UBS's Timothy Arcuri in a report issued on August 4. However, today, Craig-Hallum maintained a Buy rating on Applied Materials (NASDAQ: AMAT). Based on Applied Materials' latest earnings release for the quarter ending April 27, the company reported a quarterly revenue of $7.1 billion and a net profit of $2.14 billion. In comparison, last year the company earned a revenue of $6.65 billion and had a net profit of $1.72 billion Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMAT in relation to earlier this year. Most recently, in June 2025, Adam Sanders, the Corp. Controller & CAO of AMAT sold 562.00 shares for a total of $100,373.20.
Business Insider
02-08-2025
- Business
- Business Insider
Watch Out! Analysts Have Recently Downgraded These Stocks
As an investor, it is prudent to keep track of stocks that have been downgraded by Wall Street, as these signal an unfavorable change in the company's outlook. Analysts usually downgrade a company's ratings when they perceive deteriorating fundamentals, a weaker competitive position, or a challenging macroeconomic environment. Importantly, analysts also share their reasons and insights behind these downgrades. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Common factors leading to downgrades include declining sales and earnings, regulatory headwinds, or high valuations compared to peers. A stock's price often reacts to analyst rating changes or adjustments in price targets. Investors can use these rating changes to gauge the risks involved and adjust their portfolio holdings accordingly. However, not every downgrade calls for an immediate sell. Instead, investors should conduct a closer review of these stocks and reassess their investment strategy. Here's a List of Downgraded Stocks: Advanced Micro Devices (AMD) – Ahead of AMD's Q2 results, DZ Bank analyst Ingo Wermann double-downgraded AMD stock from a 'Buy' to a 'Sell' rating, yet raised the price target from $118 to $150, implying 16.4% downside potential from current levels. While he has not provided specific reasons for the downgrade, his bearish stance could be due to factors such as competitive landscape and execution risk as well as AMD's position in the artificial intelligence (AI) market. Lam Research Corp. (LRCX) – Lam Research supplies innovative wafer fabrication equipment (WFE) and services. Summit Insights analyst Kinngai Chan downgraded LRCX stock to a 'Hold' rating from 'Buy,' despite the company exceeding expectations in its Q2FY25 results. Chan expects Lam Research to experience moderating WFE spend in 2026. United Parcel Service (UPS) – UPS is one of the world's largest package delivery and logistics companies. UPS reported mixed Q2 results, with sales beating estimates but earnings falling short. Moreover, the company suspended its full-year guidance due to continued tariff uncertainty. Following the news, Vertical Research analyst Jeff Kauffman downgraded UPS to a 'Hold' from a 'Buy' rating, while maintaining a price target of $103 (18.2% upside). American Tower Corporation (AMT) – American Tower is a real-estate investment trust (REIT) focused on wireless and broadcast communications infrastructure. HSBC analyst Ali Naqvi downgraded AMT stock to a 'Hold' from a 'Buy' rating, and also cut the price target from $245 to $235 (12.6% upside). Despite reporting strong Q2 results, Naqvi doesn't see much scope for share price appreciation, since the shares have already gained over 20% this year, especially considering AMT slightly lowered its U.S. growth forecast. Rio Tinto (RIO) – Rio Tinto engages in the mining and exploration of iron ore, aluminum, copper, and other minerals. Deutsche Bank analyst Liam Fitzpatrick downgraded RIO stock to a 'Hold' from a 'Buy' rating, citing iron ore risks after Rio reported its first half results. Although Rio remains the analyst's 'preferred iron ore major' and is 'delivering consistently,' Fitzpatrick sees downside risks to iron ore in the months ahead. Booking Holdings (BKNG) – Booking Holdings is an online travel and hotel reservation portal. Following the company's Q2 results, Wedbush analyst Scott Devitt downgraded BKNG to a 'Hold' from a 'Buy' rating. Devitt noted that Booking reported healthy Q2 results, but the guidance for Q3 was weaker than expected. Union Pacific Corporation (UNP) – Union Pacific Corp. is one of America's largest railroad companies. UNP announced its intent to acquire its smaller rival, Norfolk Southern (NSC), for $85 billion to create a mega rail company. Following the news, Citi analyst Ariel Rosa downgraded UNP stock to a 'Hold' from a 'Buy' rating, and also slashed the price target to $250 (11% upside) from $270. Rosa is excited about the idea of a transcontinental railroad, but expects strong opposition. The analyst thinks both stocks may stay flat as investors wait on regulatory approval and possible conditions. CyberArk Software (CYBR) – CyberArk is a software security and identity management solutions provider. Larger rival Palo Alto Networks (PANW) agreed to acquire CyberArk for $20 billion, aiming to launch the 'next chapter of cybersecurity' and tackle the AI threat. Following the news, several analysts downgraded CYBR stock from a 'Buy' rating to a 'Hold.' William Blair analyst Jonathan Ho noted that with the deal, the combined company is well positioned to address the growing identity threat surface with a unified platform. BTIG analyst Gray Powell stated that since CyberArk trades at only a 3% discount to its current $453 per share takeout price, a Hold rating is more appropriate. Meanwhile, Stifel Nicolaus analyst Adam Borg kept his price target unchanged at $444, implying 2% upside potential. Caesars Entertainment (CZR) – Caesars Entertainment is a premium casino-entertainment and hospitality company. CFRA analyst Zachary Warring downgraded CZR stock to a 'Sell' rating from a 'Hold' and also slashed the price target from $50 to $21, implying 24.7% upside potential. Warring was disappointed by Caesars' weak Regionals/Vegas business performance during the second quarter. Vyne Therapeutics (VYNE) – VYNE Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel treatments for chronic inflammatory and immune-mediated conditions. The company announced that its Phase 2b trial for Repibresib gel failed to meet its primary endpoint and did not meet a key secondary endpoint, leading to the discontinuation of the ongoing extension phase of the trial. Following this news, several analysts downgraded VYNE stock from a 'Buy' rating to a 'Hold.' H.C. Wainwright analyst Joseph Pantginis noted that the Phase 2b result was ' a surprise to us ' and 'puts the company in a precarious position.' BTIG analyst Julian Harrison and LifeSci Capital analyst Rami Katkhuda also downgraded VYNE stock for similar reasons. NeoGenomics (NEO) – NeoGenomics is a specialized clinical laboratory company that focuses on cancer diagnostic testing services to support precision oncology. NeoGenomics missed Q2 expectations and also cut its fiscal 2025 revenue guidance. Following this news, William Blair analyst Andrew Brackmann downgraded NEO stock to a 'Hold' rating and stated that the significant reduction in FY25 guidance is a step toward rebuilding investor credibility, but he believes restoring confidence will take time and that shares are expected to struggle for a while. Similarly, BTIG analyst Mark Massaro downgraded NEO to a Hold rating and stated that investors are questioning management's credibility, which he believes is a fair concern. Norfolk Southern (NSC) – Union Pacific Corp. announced its intent to acquire Norfolk Southern for $85 billion to create a mega rail company. Following this news, J.P. Morgan analyst Brian Ossenbeck downgraded NSC stock from a 'Buy' rating to a 'Hold' but lifted the price target to $288 (from $282), implying 3.3% upside potential from current levels. To find out more about analyst ratings, follow the to keep track of daily analyst updates.
Business Insider
01-08-2025
- Business
- Business Insider
Downgrade Watchlist! These Are the Stocks Analysts Downgraded on 7/30/25
As an investor, it is prudent to keep track of stocks that have been downgraded by Wall Street, as these signal an unfavorable change in the company's outlook. Analysts usually downgrade a company's ratings when they perceive deteriorating fundamentals, a weaker competitive position, or a challenging macroeconomic environment. Importantly, analysts also share their reasons and insights behind these downgrades. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Common factors leading to downgrades include declining sales and earnings, regulatory headwinds, or high valuations compared to peers. A stock's price often reacts to analyst rating changes or adjustments in price targets. Investors can use these rating changes to gauge the risks involved and adjust their portfolio holdings accordingly. However, not every downgrade calls for an immediate sell. Instead, investors should conduct a closer review of these stocks and reassess their investment strategy. Here Are Today's Downgraded Stocks: Advanced Micro Devices (AMD) – Ahead of AMD's Q2 results, DZ Bank analyst Ingo Wermann double-downgraded AMD stock from a 'Buy' to a 'Sell' rating, yet raised the price target from $118 to $150, implying 16.4% downside potential from current levels. While he has not provided specific reasons for the downgrade, his bearish stance could be due to factors such as competitive landscape and execution risk as well as AMD's position in the artificial intelligence (AI) market. Lam Research Corp. (LRCX) – Lam Research supplies innovative wafer fabrication equipment (WFE) and services. Summit Insights analyst Kinngai Chan downgraded LRCX stock to a 'Hold' rating from 'Buy,' despite the company exceeding expectations in its Q2FY25 results. Chan expects Lam Research to experience moderating WFE spend in 2026. United Parcel Service (UPS) – UPS is one of the world's largest package delivery and logistics companies. UPS reported mixed Q2 results, with sales beating estimates but earnings falling short. Moreover, the company suspended its full-year guidance due to continued tariff uncertainty. Following the news, Vertical Research analyst Jeff Kauffman downgraded UPS to a 'Hold' from a 'Buy' rating, while maintaining a price target of $103 (18.2% upside). American Tower Corporation (AMT) – American Tower is a real-estate investment trust (REIT) focused on wireless and broadcast communications infrastructure. HSBC analyst Ali Naqvi downgraded AMT stock to a 'Hold' from a 'Buy' rating, and also cut the price target from $245 to $235 (12.6% upside). Despite reporting strong Q2 results, Naqvi doesn't see much scope for share price appreciation, since the shares have already gained over 20% this year, especially considering AMT slightly lowered its U.S. growth forecast. Rio Tinto (RIO) – Rio Tinto engages in the mining and exploration of iron ore, aluminum, copper, and other minerals. Deutsche Bank analyst Liam Fitzpatrick downgraded RIO stock to a 'Hold' from a 'Buy' rating, citing iron ore risks after Rio reported its first half results. Although Rio remains the analyst's 'preferred iron ore major' and is 'delivering consistently,' Fitzpatrick sees downside risks to iron ore in the months ahead. Booking Holdings (BKNG) – Booking Holdings is an online travel and hotel reservation portal. Following the company's Q2 results, Wedbush analyst Scott Devitt downgraded BKNG to a 'Hold' from a 'Buy' rating. Devitt noted that Booking reported healthy Q2 results, but the guidance for Q3 was weaker than expected. Union Pacific Corporation (UNP) – Union Pacific Corp. is one of America's largest railroad companies. UNP announced its intent to acquire its smaller rival, Norfolk Southern (NSC), for $85 billion to create a mega rail company. Following the news, Citi analyst Ariel Rosa downgraded UNP stock to a 'Hold' from a 'Buy' rating, and also slashed the price target to $250 (11% upside) from $270. Rosa is excited about the idea of a transcontinental railroad, but expects strong opposition. The analyst thinks both stocks may stay flat as investors wait on regulatory approval and possible conditions. CyberArk Software (CYBR) – CyberArk is a software security and identity management solutions provider. Larger rival Palo Alto Networks (PANW) agreed to acquire CyberArk for $20 billion, aiming to launch the 'next chapter of cybersecurity' and tackle the AI threat. Following the news, several analysts downgraded CYBR stock from a 'Buy' rating to a 'Hold.' William Blair analyst Jonathan Ho noted that with the deal, the combined company is well positioned to address the growing identity threat surface with a unified platform. BTIG analyst Gray Powell stated that since CyberArk trades at only a 3% discount to its current $453 per share takeout price, a Hold rating is more appropriate. Meanwhile, Stifel Nicolaus analyst Adam Borg kept his price target unchanged at $444, implying 2% upside potential. Caesars Entertainment (CZR) – Caesars Entertainment is a premium casino-entertainment and hospitality company. CFRA analyst Zachary Warring downgraded CZR stock to a 'Sell' rating from a 'Hold' and also slashed the price target from $50 to $21, implying 24.7% upside potential. Warring was disappointed by Caesars' weak Regionals/Vegas business performance during the second quarter. Vyne Therapeutics (VYNE) – VYNE Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel treatments for chronic inflammatory and immune-mediated conditions. The company announced that its Phase 2b trial for Repibresib gel failed to meet its primary endpoint and did not meet a key secondary endpoint, leading to the discontinuation of the ongoing extension phase of the trial. Following this news, several analysts downgraded VYNE stock from a 'Buy' rating to a 'Hold.' H.C. Wainwright analyst Joseph Pantginis noted that the Phase 2b result was ' a surprise to us ' and 'puts the company in a precarious position.' BTIG analyst Julian Harrison and LifeSci Capital analyst Rami Katkhuda also downgraded VYNE stock for similar reasons. NeoGenomics (NEO) – NeoGenomics is a specialized clinical laboratory company that focuses on cancer diagnostic testing services to support precision oncology. NeoGenomics missed Q2 expectations and also cut its fiscal 2025 revenue guidance. Following this news, William Blair analyst Andrew Brackmann downgraded NEO stock to a 'Hold' rating and stated that the significant reduction in FY25 guidance is a step toward rebuilding investor credibility, but he believes restoring confidence will take time and that shares are expected to struggle for a while. Similarly, BTIG analyst Mark Massaro downgraded NEO to a Hold rating and stated that investors are questioning management's credibility, which he believes is a fair concern. Norfolk Southern (NSC) Brian Ossenbeck downgraded NSC stock from a 'Buy' rating to a 'Hold' but lifted the price target to $288 (from $282), implying 3.3% upside potential from current levels.
Time of India
07-06-2025
- Business
- Time of India
Broadcom rides on AI chip demand to deliver upbeat revenue forecast
Broadcom forecast third-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its networking and custom AI computing chips. However, the company's shares fell 4% in extended trading, after gaining about 12% this year, as the forecast failed to impress investors who have bet heavily on chip stocks, anticipating substantial growth driven by advancements in generative AI technology . Broadcom forecast third-quarter revenue of around $15.80 billion, compared with analysts' average estimate of $15.71 billion, according to data compiled by LSEG. "Clearly, expectations were high coming into the print with the stock rising almost 30% in the past month," said Kinngai Chan, senior research analyst at Summit Insights Group. Broadcom, a key player in the AI hardware ecosystem, helps design custom processors that are highly specialized integrated circuits designed for AI and cloud computing companies such as OpenAI and Google. The Palo Alto, California-based company has begun shipping its latest networking chip, the Tomahawk 6, designed to accelerate AI workloads. The networking chip doubles the performance from its predecessor and significantly improves the efficiency of bits flying across data center networks. "We expect growth in AI semiconductor revenue to accelerate to $5.1 billion in Q3, delivering ten consecutive quarters of growth, as our hyperscale partners continue to invest," Broadcom CEO Hock Tan said. Non-AI semiconductor revenue is close to the bottom and has been relatively slow to recover, Tan said on a post-earnings call. Revenue from Broadcom's semiconductor segment, which supplies products for data centers and networking, rose 16.7% to $8.41 billion in the second quarter. The company reported quarterly revenue of $15 billion, compared with estimates of $14.99 billion.
Business Times
06-05-2025
- Business
- Business Times
AMD forecasts revenue above estimates, despite US curbs on China chip exports
[BENGALURU/SAN FRANCISCO] Advanced Micro Devices (AMD) forecast second-quarter revenue above Wall Street estimates on Tuesday (May 6), in part because of the global thirst for its artificial intelligence (AI) chips even as trade tensions clouded its ability to sell into the Chinese market. The optimistic forecast from AMD could help reinforce investor confidence in its ability to compete against Nvidia, after concerns around a trailing position in the lucrative AI market had sent its shares down more than 17 per cent this year. Like AMD, Nvidia has also warned Wall Street that it will now need an export license to China for a chip tuned to comply with a raft of restrictions imposed by the US Nvidia faces a US$5.5 billion charge as a result, the company said in a securities filing. In spite of mounting tensions in the US-China trade war, demand remains robust for AMD's advanced processors that power complex AI systems for Microsoft, Meta Platforms and other customers, with cloud giants reinforcing hefty spending plans for building AI infrastructure. Shares of Santa Clara, California-based AMD were up 4.2 per cent in extended trading. Due to an US$800 million charge from new US curbs on chip exports to China, AMD forecast adjusted gross margin of 43 per cent, which represents an 11 percentage-point drop excluding the charge. The company expects revenue of about US$7.4 billion for the second quarter, plus or minus US$300 million, compared with analysts' average estimate of US$7.25 billion, according to data compiled by LSEG. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The better-than-expected forecast is a result of frenzied customer buying in order to stockpile inventory ahead of US tariffs, according to Summit Insights analyst Kinngai Chan. In February, the company steered away from a longstanding practice of giving a specific sales forecast for its AI chips, but CEO Lisa Su had said AMD expects 'tens of billions' of dollars in sales 'in the next couple of years.' AMD reported data centre sales jumped 57 per cent to US$3.7 billion, which topped estimates of US$3.62 billion. The company includes much of its AI hardware in its data centre segment. Chip maker Marvell Technology and server maker Super Micro both disappointed investors on Tuesday afternoon. Marvell pushed back a planned Investor Day until calendar 2026, citing the uncertain economy, and Super Micro trimmed its 2025 revenue forecast, adding to concerns about its position in the AI market. Marvell shares dropped 6 per cent after hours and Super Micro fell 4 per cent. According to Bob O'Donnell, chief analyst of Technalysis Research, AMD continues to gain share in AI data centre chips, which include its central processing units (CPUs), which do not receive as much attention as graphics processing units (GPUs) used for AI. The company reported first-quarter net profit of 96 cents a share, adjusted for stock compensation among other things. Analysts had expected adjusted earnings of 94 cents a share. Revenue jumped 36 per cent to US$7.44 billion, beating estimates of US$7.13 billion. 'We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter driven by strength in our core businesses and expanding data centre and AI momentum,' Su said. REUTERS
