Qualcomm (NASDAQ:QCOM): Susquehanna remains confident in its estimates for Qualcomm, despite expectations for slower high end growth for both Apple (NASDAQ:AAPL) and Samsung. The firm believes the slower growth is related to product cycles and is not permanent, but it also expects investor concerns to linger until the cycles improve. Shares are Positive rated with an $85 price target.
Advanced Micro Devices (NYSE:AMD): While Intel (NASDAQ:INTC) has recently embraced plans to focus on the mobile chip market, AMD is still remaining wary, and has voiced no intentions of entering the booming mobile business. ”We really want to play to our strength in microprocessors, design and graphic capability. Gaming is a major focus for AMD. We are looking for areas to differentiate and gaming is a place where we can differentiate,” said Lisa Su, senior VP and GM of Global Business Units for AMD. She added that AMD is always on the lookout for “key opportunities,” especially as the traditional PC market evolves with the times, but as far as smartphones go, the company isn’t planning to enter the market.
Broadcom (NASDAQ:BRCM): Analyst Daniel Amir from Lazard Capital has cut the rating on Broadcom from Buy to Neutral due to a lack of near-term catalysts, as he contends that “Broadcom’s dominance of WiFi and other technologies in semiconductor sales into mobile present no immediate chance for share gains, while the company’s baseband chip sales won’t kick off till next year.”