Romit Shah

Micron Technology, Inc. (NASDAQ: MU) shares slid Wednesday after the company said it will cut second-quarter production for retooling and analysts trimmed forecasts. Chief Executive D. Mark Duncan forecast second-quarter revenue of $4.1 billion to $4.3 billion in a conference call Tuesday,...

Nomura analyst Romit Shah commented on Intel Corporation (NASDAQ: INTC) after the company hosted an analyst day Thursday. Shah noted that “several positive takeaways emerged” which included Intel guiding "CY15 revenue growth to mid-single digit, higher than our estimate and...

On Thursday, Nomura initiated coverage on some semiconductor equipment stocks. Analyst Romit Shah said “revenues are well below the 2010 peak, but Analog Devices, Linear and TI re-rated from 11x 2010 to 20x 2015E based on prospects for sustainable growth, as well as higher cash flow and capital...

In a report published Thursday, Nomura analyst Romit Shah initiated coverage on KLA-Tencor (NASDAQ: KLAC) with a Neutral rating and $75.00 price target. In the report, Nomura noted, “We believe that KLA-Tencor is the strongest company in the semi equipment sector and that it should continue to...

In a report published Thursday, Nomura analyst Romit Shah initiated coverage on Lam Research (NASDAQ: LRCX) with a Buy rating and $65.00 price target. In the report, Nomura noted, “We expect Lam to benefit from a substantial increase in memory spending over the next two years from $14bn to $24bn...

In a report published Thursday, Nomura analyst Romit Shah initiated coverage on Applied Materials (NASDAQ: AMAT) with a Buy rating and $30.00 price target. In the report, Nomura noted, “The Street is preoccupied with the company's outlook for WFE spending of $37bn in 2017 and, in our view,...

In a report published Monday, Nomura analyst Romit Shah reiterated a Buy rating on Xilinx (NASDAQ: XLNX), and raised the price target from $50.00 to $60.00. In the report, Nomura noted, “We hosted a conference call with Xilinx's Victor Peng (GM of Products) and Jon Olson (CFO) to discuss their...

In a report published Thursday, Nomura analyst Romit Shah reiterated a Buy rating on Qualcomm (NASDAQ: QCOM), and raised the price target from $78.00 to $85.00. In the report, Nomura noted, “We think the upcoming TD-LTE device ramp at China Mobile will improve Qualcomm's share in China and boost...

In a report published Thursday, Nomura analyst Romit Shah upgraded the rating on Intel Corporation (NASDAQ: INTC) from Reduce to Neutral, and raised the price target from $20.00 to $24.00. In the report, Nomura noted, “While uncertainty is likely to persist, we believe for the first time in a...

In a report published Thursday, Nomura analyst Romit Shah downgraded the rating on Texas Instruments (NASDAQ: TXN) from Neutral to Reduce, but reiterated the $33.00 price target. In the report, Nomura noted, “While TI's execution has been solid, we believe the company's performance is well...

In a report published Thursday, Nomura analyst Romit Shah upgraded the rating on Micron Technology (NASDAQ: MU) from Neutral to Buy, and raised the price target from $16.00 to $30.00. In the report, Nomura noted, “While we are late to the party, we see Micron's earnings power of $2.50-3.00 driving...

In a report published Thursday, Nomura analyst Romit Shah upgraded the rating on Xilinx (NASDAQ: XLNX) from Neutral to Buy, and raised the price target from $40.00 to $50.00. In the report, Nomura noted, “We are upgrading Xilinx from Neutral to Buy and raising our target price from $40 to $50. We...

In a report published Wednesday, Nomura analyst Romit Shah reiterated a Buy rating on Broadcom Corporation (NASDAQ: BRCM), but lowered the price target from $36.00 to $33.00. In the report, Nomura noted, “Broadcom reported Q3 results that were better than expectations. Q3 revenue of $2.15bn was...

In a report published Friday, Nomura analyst Romit Shah reiterated a Neutral rating on Marvell Technology Group Ltd. (NASDAQ: MRVL), and raised the price target from $10.00 to $11.00. In the report, Nomura noted, “FQ2 revenue of $807mn and EPS (with stock comp) of $0.15 beat our estimates of $...

In a report published Wednesday, Nomura analyst Romit Shah reiterated a Buy rating on Broadcom (NASDAQ: BRCM), and raised the price target from $33.00 to $36.00. In the report, Nomura noted, “Broadcom reported weaker-than-expected Q2 sales and guidance, which, while disappointing, is also...