Latest news with #SandeepDeshpande
Business Insider
31-05-2025
- Business
- Business Insider
HSBC downgrades Soitec SA (0RMT) to a Hold
In a report released today, from HSBC downgraded Soitec SA (0RMT – Research Report) to a Hold, with a price target of €51.00. The company's shares closed yesterday at €47.53. Confident Investing Starts Here: In addition to HSBC, Soitec SA also received a Hold from J.P. Morgan's Sandeep Deshpande in a report issued today. However, yesterday, Deutsche Bank maintained a Buy rating on Soitec SA (LSE: 0RMT).
Business Insider
22-05-2025
- Business
- Business Insider
Infineon Technologies AG (IFNNF) Gets a Hold from J.P. Morgan
In a report released today, Sandeep Deshpande from J.P. Morgan maintained a Hold rating on Infineon Technologies AG (IFNNF – Research Report), with a price target of €38.50. The company's shares closed today at $39.09. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Deshpande covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Adyen, and ams-OSRAM. According to TipRanks, Deshpande has an average return of 7.8% and a 51.77% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Infineon Technologies AG with a $44.67 average price target. IFNNF market cap is currently $49.24B and has a P/E ratio of 59.04. Based on the recent corporate insider activity of 13 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 IFNNF in relation to earlier this year.
Business Insider
22-05-2025
- Business
- Business Insider
J.P. Morgan Keeps Their Buy Rating on Nokia (0HAF)
J.P. Morgan analyst Sandeep Deshpande maintained a Buy rating on Nokia (0HAF – Research Report) today and set a price target of €6.05. The company's shares closed yesterday at €4.67. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Deshpande is a 4-star analyst with an average return of 7.8% and a 51.77% success rate. Deshpande covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Adyen, and ams-OSRAM. Currently, the analyst consensus on Nokia is a Hold with an average price target of €4.76. 0HAF market cap is currently €24.17B and has a P/E ratio of 33.05. Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0HAF in relation to earlier this year.
Yahoo
15-04-2025
- Business
- Yahoo
Ericsson's US Clients Accelerate Purchases In Q1 Ahead of Tariffs, Eyes Solid Q2 Despite Global Uncertainty
Ericsson (NASDAQ: ERIC) reported first-quarter fiscal 2025 results on Tuesday. The stock price gained after the print. The Swedish telecom equipment maker's sales grew 3% year-over-year to 55.0 billion Swedish Krona ($5.15 billion), driven by 20% growth in the Americas market. The revenue beat the consensus of $5.10 billion. Organic sales were stable, with strong growth in the Americas market offset by declines in other market areas. Ericsson Accelerates 5G Growth in India with Bharti Airtel Deal Adjusted gross margin improved to 48.5% from 42.7% Y/Y, driven primarily by improved gross margin in Networks. Adjusted EBIT margin was 11.3% versus 8.1% Y/Y. Adjusted EBITA margin improved to 12.6% from 9.6% a year ago. Ericsson reported an EPS of SEK 1.24 ($0.12) versus SEK 0.77 Y/Y. It beat the consensus of $0.09. Free cash flow before M&A was SEK 2.7 billion in the quarter. As of March 31, 2025, net cash stood at SEK 38.6 billion. Dividend: The board approved the 2024 proposed dividend of SEK 2.85 per share on March 25. The company will pay the dividend in two installments of SEK 1.43 per share and SEK 1.42 per share. Outlook: Ericsson expects second-quarter sales growth for Networks and Cloud Software and Services to be similar to the 3-year average seasonality. Based on its current assessment of announced tariffs, it expects second-quarter adjusted gross margin for networks of 48% % to 50%. Ericsson remains confident in its strong position in Mobile Networks and expects Enterprise to stabilize in 2025. Bloomberg's Matthew Bloxham expects Ericsson to tackle global tariff storms better than analysts' expectations via cost-cutting tailwinds, preemptive U.S. inventory restocking, and limited exposure to China-sourced components. While North America accounted for about 30% of the company's revenue in 2024, Bloomberg cited Ericsson's 2024 annual report as citing the company's diversification of its supply chain. The company is building a factory in Texas to produce 5G equipment for U.S. customers. Morgan Stanley's Sandeep Deshpande told Bloomberg that Ericsson's U.S. business strength was partially driven by customers 'buying products in anticipation of tariffs. Price Action: ERIC stock is up 8.66% at $8.09 at the last check on Tuesday. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? TELEFONAKTIEBOLAGET L M (ERIC): Free Stock Analysis Report This article Ericsson's US Clients Accelerate Purchases In Q1 Ahead of Tariffs, Eyes Solid Q2 Despite Global Uncertainty originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
