Latest news with #ToreSvanberg
Yahoo
5 days ago
- Business
- Yahoo
Analog Devices (ADI) Sees Bullish Sentiment Backed by Sector Tailwinds
Analog Devices Inc. (NASDAQ:ADI) is one of the best large-cap tech stocks to buy now. In mid-July, Tore Svanberg, an analyst at Stifel Nicolaus, raised his price target on Analog Devices to $270 from $248 while reiterating a Buy rating. In his view, the prolonged inventory correction across the semiconductor sector over the past two years has likely reached its trough, setting the stage for a cyclical rebound. However, it is difficult to gauge how quickly the rebound will unfold. Within this report, Svanberg also communicated his broader sector outlook, which continues to favour AI-linked semiconductor names. He expects the AI-focused companies under his coverage to post median revenue growth of 32% in 2025 and 17% in 2026, thus underscoring the structural demand tailwinds in this space. Within that context, Analog Devices is seen as well-positioned to benefit from the upturn, supporting the case for maintaining an overweight stance in AI-driven chipmakers. On July 25, Christopher Danely from Citi had also published his latest report, where he maintained a Buy rating on Analog Devices, with a price target of $290. While analysts remain confident in the company, it is worth noting the positive perspective shared by Kovitz Investment Group Partners in its Q2 2025 'Kovitz Core Equity Strategy' investor letter. The firm cited several reasons for its long-term optimism on Analog Devices, including its leadership in key markets, robust 70% gross margins that help offset tariff impacts, and an irreplaceable talent pool of 11,000 experienced analog engineers. With the stock currently at an appealing valuation, Kovitz's portfolio managers believe that it offers a compelling opportunity for investors over the next five to seven years. The company is expected to report its Q3 2025 results on August 20. Analog Devices Inc. (NASDAQ:ADI) is a semiconductor company that designs, manufactures, tests, and markets a broad portfolio of solutions using high-performance analog, mixed-signal, and digital signal processing technologies. While we acknowledge the potential of ADI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Most Oversold Semiconductor Stocks So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
25-07-2025
- Business
- Yahoo
Stifel Turns More Bullish on Semtech (SMTC), Lifts Price Target to $54
Semtech Corp. (NASDAQ:SMTC) is one of the most oversold semiconductor stocks so far in 2025. Stifel analyst Tore Svanberg raised his price target on Semtech to $54 from $45 on July 18 while maintaining a Buy rating. The update reflects a more constructive view on the semiconductor sector as inventory corrections that have weighed on the industry for the past two years appear to be nearing an end. Svanberg believes the sector may now be in the early stages of a cyclical recovery, although he cautions that the pace of the rebound is still uncertain. His latest earnings preview implies that the macro environment is gradually improving, with signs that demand is starting to stabilize across several key end-markets. A technician at a workstation, preparing and calibrating a sensor for automotive microcontrollers. AI remains a central part of Stifel's investment thesis. Stifel analysts continue to recommend an Overweight position in semiconductors tied to the AI ecosystem. According to the report, the AI-focused group of companies under the firm's coverage is projected to deliver median revenue growth of 32% in 2025 and 17% in 2026. For Semtech specifically, the higher price target reflects not just an improving macro setup, but also company-specific drivers. While the near-term visibility remains somewhat limited, Semtech benefits from structural demand tied to AI, IoT, and data centre infrastructure. Semtech Corp. (NASDAQ:SMTC) is a global supplier of high-performance analog and mixed-signal semiconductors, as well as advanced algorithms for infrastructure, high-end consumer, and industrial equipment. While we acknowledge the potential of SMTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Debt-Free Stocks to Invest in Right Now and 10 Most Oversold S&P 500 Stocks So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
25-07-2025
- Business
- Yahoo
Marvell Technology (MRVL) Reaffirmed as a Buy—Here's Why Stifel Is Bullish
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the . On July 18, Stifel analyst Tore Svanberg reiterated a 'Buy' rating on the stock with an $80.00 price target. 'Our 12-month target price of $80 is based on a 7.6x CY26E EV/Sales multiple. Risks to our target price include (1) management's ability to implement strategy and successfully integrate multiple acquisitions; (2) the company's ability to gain traction/ maintain momentum in the data center, 5G infrastructure and automotive markets; (3) competition with larger, more established rivals in certain segments, and (4) general risks associated with the overall semiconductor markets, including industry cyclicality, rapid technology shifts, and the potential for disruptions from exogenous factors such as macroeconomic, geopolitical/trade, pandemic, supply chain, and other challenges.' Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers. While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. 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
Yahoo
22-07-2025
- Business
- Yahoo
Why This Analog Semiconductor Stock Is A Top Undervalued Pick
Following its second-quarter results reported on Monday, NXP Semiconductors (NASDAQ:NXPI) has seen its outlook reassessed by Wall Street analysts. The company announced second-quarter revenue of $2.93 billion, a 6% decrease year-over-year, yet still surpassing analyst estimates of $2.90 billion. Looking ahead, NXP anticipates third-quarter revenue to range from $3.05 billion to $3.25 billion, versus estimates of $3.05 Fitzgerald analyst Matthew Prisco reiterated an Overweight rating on NXP Semiconductors, maintaining a $250 price forecast. Meanwhile, Stifel analyst Tore Svanberg maintained a Hold rating on the company, while increasing his price forecast from $170 to $210. Cantor Fitzgerald's Analysis Prisco noted that NXP Semiconductors delivered a modest beat-and-raise quarter, driven by strong performance in the Industrial IoT segment. While the analyst would have preferred the upside from automotive, management guided for continued strength based on a cyclical recovery in core end markets and company-specific growth catalysts. He noted that gross margins came in slightly above expectations due to more substantial revenue, while operating expenses ran higher than expected, primarily due to merger and acquisition activity. However, operating expenses aligned with NXP Semiconductors' long-term intensity targets when adjusted for the elevated revenue levels. Prisco noted that the company also showed encouraging inventory management. Days Inventory Outstanding (DIO) dropped by 11 days quarter-over-quarter to 158, and channel inventory remained stable at nine weeks, below the target of eleven weeks, indicating results were likely driven by genuine end-market demand rather than inventory builds. That said, there were a few points of contention, as per the analyst. The gross margin guidance came in a bit softer than previously implied; at $3.15 billion in revenue, gross margin should have been closer to 57.5% based on prior comments, he said. In addition, operating margin guidance was pressured by M&A-related costs, slightly muting the leverage typically expected during an upcycle. Heading into the earnings call, Prisco remained focused on the quality and sustainability of this beat and raise. While the near-term performance may be weighed down by NXP Semiconductors' exposure to the auto sector, the analyst remained optimistic about the long-term opportunity. He noted NXP Semiconductors as one of the most undervalued names in the analog semiconductor space, citing strong secular growth drivers and a resilient through-cycle business model. Stifel's Take Svanberg viewed NXP Semiconductors' June quarter as primarily in line with expectations, with revenue of $2.93 billion growing 3.2% quarter-over-quarter and beating estimates by 0.9%. Adjusted EPS reached $2.72, exceeding the analyst's and Street estimates by $0.06 and $0.04, respectively. He noted that all end markets performed within anticipated ranges, showing a stable demand backdrop. Free cash flow (FCF) came in strong at $696 million, 24% of revenue, rising 63% quarter-over-quarter, Svanberg noted. He said that on a trailing twelve-month (TTM) basis, FCF rose to $1.98 billion, improving by $120 million from the prior quarter. TTM FCF leverage ticked up slightly to 4.20x. However, TTM EBITDA dipped to $4.75 billion from $4.89 billion. Net leverage increased to 1.75x due to rising net debt, which hit $8.31 billion following shareholder returns and the TTTech Auto acquisition, Svanberg noted. Looking ahead, management guided for a stronger third quarter, he noted. NXP Semiconductors expects revenue to hit a midpoint of $3.15 billion, a 7.7% sequential increase and above both the Street and the analyst's estimates. EPS guidance also came in stronger, with a midpoint of $3.10-$0.37 above the analyst's estimate and $0.04 above the Street's. Gross margin and operating margin guidance also came in ahead, signaling improving profitability, Svanberg noted. Despite these positives, the analyst flagged some caution. He noted that NXP Semiconductors' results and outlook still trail historical seasonal trends, reinforcing its role as a 'late corrector' in the semiconductor space, particularly compared to smaller peers that already reset more steeply. The team acknowledged lingering macro uncertainty heading into the second half of 2025 and stressed that, while NXP Semiconductors hasn't yet seen significant order volatility or tariff impacts, the long-term visibility remains cloudy, Svanberg said. As a result, the analyst awaited more evident signs of a sustained recovery in demand, margin expansion, or macro clarity. Price Action: NXPI stock is down by 0.66% to $226.79 at the last check on Tuesday. Photo by Lukassek via Shutterstock Latest Ratings for NXPI Date Firm Action From To Feb 2022 Needham Maintains Strong Buy Feb 2022 Morgan Stanley Maintains Equal-Weight Feb 2022 Raymond James Maintains Outperform View More Analyst Ratings for NXPI View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Why This Analog Semiconductor Stock Is A Top Undervalued Pick originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
19-07-2025
- Business
- Yahoo
NXP Semiconductors price target raised to $210 from $170 at Stifel
Stifel analyst Tore Svanberg raised the firm's price target on NXP Semiconductors (NXPI) to $210 from $170 and keeps a Hold rating on the shares. The inventory correction in the broader semiconductor industry over the past two years appears to have bottomed and a cyclical recovery is now likely underway, but the pace of the recovery remains uncertain, the analyst tells investors in an earnings preview for the group. The firm continues to recommend an Overweight position in AI-related semiconductor stocks, noting that its covered group of AI-focused companies is expected to deliver median revenue growth of 32% in 2025 and 17% in 2026. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on NXPI: Disclaimer & DisclosureReport an Issue NXP Semiconductors initiated with a Buy at Goldman Sachs NXP Semiconductors price target raised to $265 from $240 at Mizuho NXP Semiconductors price target raised to $275 from $240 at KeyBanc Wolfspeed Stock (WOLF) Surges as New CFO Fuels Optimism for Turnaround NXP Semiconductors price target raised to $275 from $210 at Citi 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
