Active Stock Alerts: UTi Worldwide, Polypore, Taiwan Semiconductor, QUALCOMM June 8th
UTi Worldwide Inc. (NASDAQ:UTIW): Baird said UTi Worldwide remains a best idea citing future catalysts including the rollout of its forwarding system in Europe. The firm said its investment thesis remains unchanged despite demand weakness. shares are Outperform rated with a $22 price target.
Polypore International Inc. (NYSE:PPO): Needham expects General Motors (NYSE:GM) to sell more Volt electric vehicles in the U.S. in the first half of this year than it did in all of last year and the firms sees Polypore (NYSE:PPO) benefiting from the increased electric vehicle adoption. Needham keeps a Strong Buy rating on Polypore shares with a $62 price target.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM): Susquehanna said TSMC reported better than expected May sales and ASP’s. The firm views the company as a defensive play citing its 4% dividend yield, and notes its the only foundry with 28nm capacity, and it is benefiting from increased outsourcing. Shares are Positive rated with an $18 price target.
QUALCOMM Incorporated (NASDAQ:QCOM): Argus expects Qualcomm to beat sales volume expectations, driven by demand for its chips for use in low-end Chinese smartphones. The firm notes that the company has launched new WiFi products that nearly double the speed of the current standard. The firm maintains a Buy rating on Qualcomm and continues to include the stock in its Focus List.
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