Stock Market Analysts Initiate Ratings on These Companies Today

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on October 12th.

  • Texas Instruments (NYSE:TXN): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $35. About the company: Texas Instruments Incorporated is a global semiconductor company that designs and supplies analog technologies, digital signal processing (DSP) and microcontroller (MCU) semiconductors. The Company also operates materials and controls, and educational and productivity solutions businesses. Texas Instruments has manufacturing or sales operations in countries around the world.
  • SanDisk (NASDAQ:SNDK): RBC Capital Mkts initiated coverage of this company with a rating of Top Pick and a price target of $66. About the company: SanDisk Corporation supplies flash data storage products. The Company designs, manufactures, and markets industry-standard, solid-state data, digital imaging, and audio storage products using its patented, high-density flash memory and controller technology.
  • Marvell (NASDAQ:MRVL): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $21. About the company: Marvell Technology Group Ltd. designs, develops, and markets integrated circuits for communications-related markets. The Company’s products provide the interface between analog signals and the digital information used in computing and communications systems. Marvell’s technology is applied to the broadband data communications market.
  • Intel (NASDAQ:INTC): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $28. About the company: Intel Corporation designs, manufactures, and sells computer components and related products. The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.
  • Freescale Semi (NYSE:FSL): RBC Capital Mkts initiated coverage of this company with a rating of Sector Perform and a price target of $15.
  • Cypress Semi (NASDAQ:CY): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $23. About the company: Cypress Semiconductor Corporation designs, develops, manufactures, and markets a line of digital and mixed-signal integrated circuits. The Company’s circuits are used in the data communications, telecommunications, computers, and instrumentation systems markets. Cypress’ products are marketed worldwide through a network of sales offices, distributors, and sales representative firm.
  • Broadcom (NASDAQ:BRCM): RBC Capital Mkts initiated coverage of this company with a rating of Sector Perform and a price target of $42. About the company: Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise. The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line.
  • Analog Devices (NYSE:ADI): RBC Capital Mkts initiated coverage of this company with a rating of Outperform and a price target of $43. About the company: Analog Devices, Inc. designs, manufactures, and markets integrated circuits used in analog and digital signal processing. The Company’s products are used in communications, computer, industrial, instrumentation, military/aerospace, automotive, and high-performance consumer electronics applications. Analog Devices sells its products worldwide.
  • Altera (NASDAQ:ALTR): RBC Capital Mkts initiated coverage of this company with a rating of Sector Perform and a price target of $41. About the company: Altera Corporation designs, manufactures, and markets programmable logic devices and associated development tools. The Company’s products, include a variety of programmable logic devices and hardcopy application-specific integrated circuits.
  • Procera Networks (AMEX:PKT): Northland Securities initiated coverage of this company with a rating of Outperform and a price target of $17. About the company: Procera Networks, Inc. develops and markets hardware and software which can be applied to a range of data switching and management applications. The Company’s products enable full layer 7 packet processing to be integrated with switching and routing without degrading network speed or latency.
  • Allot Comms (NASDAQ:ALLT): Northland Securities initiated coverage of this company with a rating of Outperform and a price target of $14. About the company: Allot Communications Ltd. designs and develops broadband service optimization solutions using advanced deep packet inspection (DPI) technology. The Company provides their customers with real-time highly granular visibility into network traffic and enables them to effectively manage and optimize their networks.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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