Rambus Shares Upgraded and 4 Chip and Big Data Stocks on the Move
Broadcom Corp. (NASDAQ:BRCM) has supplied the NFC controller that is used in Nintendo’s Wii U games console, according to a teardown. This makes the second recent significant design win for Broadcom, as last week Google put the company’s NFC controllers into its most recent Android reference devices. Also, the teardown, which was conducted by repair specialist iFixit, showed that the Wii U GamePad has an NFC daughterboard that uses a BCM 20792 controller chip along with a separate NFC antenna.
Rambus Inc. (NASDAQ:RMBS) shares have been upgraded by JPMorgan Chase from Neutral to Overweight in a research note that was released on Monday. Now, they have given the stock a $7.00 price target. The Analyst wrote, “After falling 46% year-to-date (S&P 500 up 8.1%), we think the stock, trading at trough-level multiples, is now largely de-risked. At $4.00-$4.50 we think investors are limited from further downside by the value of SBG contracted revenue (even without renewals) plus cash on hand, and the break-up value of the LED and CRI new businesses. We believe a potential settlement with Hynix presents near-term upside for short-term investors.”
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ARM Holdings plc (NASDAQ:ARMH) stock declined 2.07 percent, down to $34.99, in pre-market trading, and the stock has a 52-week low of $21.64, a 52-week high reaching $35.81 and $16.43 billion in market capitalization.
SanDisk Corp. (NASDAQ:SNDK): According to a federal appeals court’s ruling, “the district court was correct to rule that a direct purchaser is not categorically precluded from bringing a Walker Process antitrust claim.” This ruling regards the case Ritz Camera against SanDisk.
Western Digital Corp. (NYSE:WDC) has possessed 4TB internal hard drives for a decent length of time, but the drives were suited for the enterprise. On Tuesday, WD stated that with the new 4TB Blackdrive, WD customers on the consumer level now have the ability to get a 4TB performance-based internal hard drive. WD’s Black has a 3.5-inch 7200-rpm mechanism, 64 megabytes of cache, a 6-gigabits-per-second SATA interface, dual processors, and dual actuator technology. Before, the Black possessed a maximum capacity of 2 terabytes, with 1.5 terabyte, 1 terabyte, and 500 gigabyte drives also available.