FBR

FBR remains rated Outperform with a $12.50 target price on Atmel (NASDAQ: ATML) as the company's lower guidance was expected due to market bottoming. FBR says, "Thursday, Atmel (ATML) cut 4Q11 revenue guidance (just before next week's earnings report) to $384M (–20% QOQ, –16% YOY), worse than...

FBR remains Outperform-rated with a $26 target price on International Rectifier (NYSE: IRF) as it raises estimates on weak results that were anticipated due to business bottom. FBR comments, "Thursday, International Rectifier (IR) reported weak calendar 4Q11 financial results and calendar 1Q12...

According to a recent research report, FBR increased Broadcom Corporation's (NASDAQ: BRCM) PT from $41 to $42 based on a constant 22x target P/E multiple. In the report, FBR comments, “Tuesday, Broadcom reported slight upside to 4Q11 financial results and 1Q12 revenue guidance as the firm...

FBR reiterates its Outperform rating and $28 target price on Microsemi (NASDAQ: MSCC) as growth story continues despite a slightly soft guidance. FBR says, "Thursday, Microsemi reported in-line calendar 4Q11 results, but guided calendar 1Q12 revenues and margins softer than expected. While...

FBR maintains its Outperform rating and $32 target price on Maxim (NASDAQ: MXIM) on a respectable guidance and optimistic outlook on handset sales in 2012. FBR says, "Thursday, Maxim reported solid calendar 4Q11 financial results, and guided calendar 1Q12 sales and gross margins a bit weaker than...

FBR is out with its report today on International Rectifier (NYSE: IRF), lowering its PT from $29 to $26. In its report, FBR writes, "We maintain our Outperform rating, but cut our CY 2011 pro forma EPS estimate from $1.60 to $1.30, our 2012 estimate from $1.60 to $1.00, and our price target from...

FBR is out with its report today on Texas Instruments (NYSE: TXN), lowering its PT from $32 to $31. In its report, FBR writes, "We maintain our Market Perform rating and our 2011 EPS estimate at $2.28, but adjust our 2012 estimate up from $2.25 to $2.40, and trim our price target from $32 to $31,...

FBR is out with its report today on Maxim Integrated Products (NASDAQ: MXIM), lowering its PT from $34 to $32. In its report, FBR writes, "We rate MXIM an Outperform and are decreasing our price target from $34 to $32. We remain bullish on MXIM and think the stock can work higher this year given...

FBR is out with its report today on Fairchild Semiconductor International (NYSE: FCS), lowering its PT from $21 to $20. In its report, FBR writes, "We maintain Outperform but cut our 2011 pro forma EPS estimate from $1.45 to $1.41, our 2012 estimate from $1.45 to $1.30, and our price target from $...

FBR is out with its report today on ON Semiconductor (NASDAQ: ONNN), lowering its PT from $14 to $13. In its report, FBR writes, "We maintain our Outperform rating, but cut our 2011 pro forma estimate from $1.08 to $1.05, our 2012 estimate from $1.30 to $1.10, and our price target from $14 to $13...

FBR reiterated its Outperform rating on LSI (NYSE: LSI). At the same time, the rating agency raised its price target on the company's stock from $9 to $10. On Wednesday, LSI closed the day at $6.44. Its shares skyrocketed in today's pre-market trading, rising 11.8% to stand around $7.20.

FBR reiterated its Market Perform rating on Intel (NASDAQ: INTC). At the same time, the rating agency left its price target on the company's stock unchanged at $27. On Wednesday, INTC lost 0.3% of its value to finish the day at $22.99. Its shares continued to tumble in today's pre-market trading,...

Doug Kass tweeted that he is buying Hartford Financial Services (NYSE: HIG), as the stock was upgraded by FBR this morning. At last check, shares of Hartford were up 24 cents to $24.96‎, a gain of 0.97%‎ in pre-market trading. The Hartford Financial Services Group, Inc., through its subsidiaries...

After falling in the first half of the trading day, retail stocks have moved slightly in the black today. The S&P Retail Index has advanced 0.58% to 407.72 after the Commerce Department estimated a substantial increase in the savings rate of US households in May, with income growing faster than...