tyb
>Please stop using BBC when referring to British Broadcast Company.
>PronHub got me all confused.
Semtech EVP sold $1.31m in shares-May 29
Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability. Applications for the industrial market include video broadcast studio equipment, automated meter reading, wireless charging, military and aerospace, medical, security systems, automotive, Internet of Things, industrial and home automation, and video security and surveillance. Enterprise computing end-markets include desktops, notebooks, servers, graphic boards, printers, datacenter related equipment and passive optical networks. Communications end-market applications include wireless base stations, carrier networks, switches and routers, cable modems, signal conditioners and wireless local area network.
Number of employees : 1 282 people.
https://www.marketscreener.com/SEMTECH-CORPORATION-10870/company/
https://www.secform4.com/insider-trading/88941.htm
Semtech (SMTC) Receives a Rating Update from a Top Analyst
May 29, 2019, 2:18 AM EDT
https://www.smarteranalyst.com/brief/semtech-smtc-receives-a-rating-update-from-a-top-analyst/
Gold on the radar of tech trader's-Last week's move significant
The news has been sordid. Markets are decidedly unsettled. And the mood among traders is one of resignation.
this is why the forecast for rate cuts blew out over the weekend and changed significantly.
It’s been the first day of this sell-off that I’ve not heard much, if anything, about bounces or oversold conditions. In fact, quite the opposite. Analysts are embracing the price action and arguing that even these levels reflect too much optimism. Self-inflicted wounds can be the most devastating.
Nevertheless, it’s a new month and probably worth taking some stock as to where we stand. We have a habit of extrapolating moves ad infinitum and creating narratives to bolster the case. On the back of proper forward guidance or hard economic trends that is an example of resolve and discipline. In explaining what may be current themes it works until it doesn’t. Especially if traders are trying to navigate waters roiled by behavior that can’t be made an input for any model.
The S&P 500 has fallen right into major-league support. Whether it holds or not will be a big deal in setting the tone for the coming month. There are technical levels galore between the current price and 2700. Including the important re-tracement level at 2715 of the move from last December’s low to May’s high. Remember how bullish everyone was a mere month ago? If stocks are going to hold, this is the zone.
it may get a bit bumpy but it should hold these levels-remember the system owns itself so unless they want to lower the value of own asset base (share buybacks at record levels)'
See this:
Share buybacks soar to record $806 billion — bigger than a Facebook or Exxon Mobil
https://www.cnbc.com/2019/03/25/share-buybacks-soar-to-a-record-topping-800-billion-bigger-than-a-facebook-or-exxon-mobil.html
Not coincidentally, the Nasdaq 100 and the Russell 2000 have also fallen into areas that need to hold. There aren’t any bellwethers playing the which-one-doesn’t-belong game. It looks like it is sink or swim together. And all of these indexes are trading off the same news. Oddly enough, or perhaps not, there are any number of other global indexes that have similarly fallen toward important pivots. This is true in Europe as well as Asia. It’s going to be an interesting week.
The move in gold is actually impressive and significant. And yet it feels late to the party. I suspect it is back in the category of everyone should have some in their portfolio, but I’m not sure if the message it is sending is actionable in the broader context.
um yeaaaa-it is, own it and not through paper contracts.
There are a ton of levels to help define which will be the case. The central banks should step back and see how the news plays out. Their models don’t capture what is going on either.
they never do.
https://www.zerohedge.com/news/2019-06-03/now-it-gets-interesting-trader-warns-golds-move-impressive-significant
o7
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
Infineon revs up auto business with $10 billion Cypress deal
FRANKFURT (Reuters) - Germany’s Infineon has agreed to buy Silicon Valley-based Cypress Semiconductor for $10 billion, in an expensive move by Europe’s largest chip-maker to expand further in next-generation automobiles and Internet technologies.
Investors swiftly gave the deal a thumbs-down on concerns that Infineon was paying a heavy price just as the chip business was weakening, pushing its shares 9% lower on Monday.
The deal would create an automotive leader with a 13% market share, coupling Infineon’s prowess in managing electric drivetrains with Cypress’s superior connectivity in areas such as in-car entertainment.
That would enable the combined company to offer more complete packages for electric vehicles that are expected to win a growing share of the car market as governments clamp down on emissions from petrol- and diesel-powered vehicles.
The cash offer of $23.85 per share represents a 46% premium to Cypress’ share price over the last month, the Munich-based maker of power-management chips said.
That equates to a multiple of 4.5 times sales at San Jose, California-based Cypress. “It’s a proud price, no doubt,” said Infineon CEO Reinhard Ploss.
“From our point of view it was an acceptable price, and if you look at the synergies, it represents an additional gain in value,” Ploss told reporters on a conference call.
Chief Marketing Officer Helmut Gassel said discussions had been triggered by interest expressed in Cypress by another unidentified party. Infineon was invited to take part in the process around five weeks ago.
SHARE SLUMP
Infineon was among the few companies in a sector facing headwinds that could finance a deal that in more prosperous times might have been out of its reach, veteran CEO Ploss said.
Investors took a dimmer view, however, sending shares in Infineon sharply lower on fears that it was overpaying in a transaction that will be 30% financed through equity, with the rest paid for in debt and cash. Cypress shares jumped 27% to $22.74 in U.S. pre-market trading, below Infineon’s offer.
“The overall risk-reward profile of the deal is unfavourable,” Citi analysts said in a note, highlighting execution and regulatory risks, and promised long-term synergies that were hard to substantiate.
One trader speculated that Infineon could itself become a takeover target after the company twice lowered its revenue guidance this year as demand in China slowed and trade frictions escalated between Washington and Beijing.
Infineon shares traded at 14.61 euros in Frankfurt, representing a fall of a third since they last peaked in April, to value the business at 17 billion euros.
DEAL SURGE
The deal to create the world’s No.8 chipmaker ranks as one of the biggest takeovers led by a European company this year.
It follows a string of recent semiconductor deals, including Marvell Technology Corp’s sale of its WiFi and Bluetooth assets to NXP for $1.76 billion, and Marvell’s earlier acquisition of Avera Semi for $650 million.
rest at link
https://uk.reuters.com/article/us-cypress-semicond-m-a-infineon/infineon-revs-up-auto-business-with-10-billion-cypress-deal-idUKKCN1T40JI
The former CEO of Cypress was involved heavily in this scandal that had H1-B visa's as a component
Jack Abramoff is sentenced to 4 years in prison
The onetime Republican lobbyist, who is already doing time on a separate conviction, tearfully
admits to the judge that he 'happily a
and arrogantly' engaged in
a corrupt lifestyle.
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.465.5894&rep=rep1&type=pdf
np anon-don't want to cause an unwanted panic for anyone lurking here with those accounts.
you get alot of shit in here and it's not warranted, don't see them doing it.
Keep on keeping on!