The Latest Breaking News from Christopher Danely

Microchip stock is trading near 2-year lows, but analysts remain bullish.

This semiconductor stock has pulled back sharply from its June highs, but with a bullish consensus rating, solid dividends, and impressive upside potential, it looks like a buy-the-dip opportunity.

This is what could happen to Micron shares next.

Analysts maintain mixed ratings as AI chip uptake remains uncertain

Citi analysts Christopher Danely and Kelsey Chia observed that May notebook shipments were up 22% month on month, below Citi's expectation of up 29% due to demand deceleration.  This is the fifth consecutive month where notebook shipments were below expectations. 

"We now expect Intel to negatively pre-announce or miss 2Q22 guidance and are lowering estimates accordingly," said Citi analyst Christopher Danely.

Citi analyst Christopher Danely downgraded NXP Semiconductors NV (NASDAQ:NXPI) to Neutral from Buy with a price target of $190, down from $240 (6.8% upside), as his margin expansion thesis has played out. Danely derived his Buy thesis in February 2021 from the anticipation of superior margin/EPS upside and strength from the automotive end market.…

Citi analyst Christopher Danely saw Intel Corp (NASDAQ: INTC) experience some headwinds as PC shipments fell below Citi's estimates.

Citi analyst Christopher Danely reiterated the Buy rating and $120 price target on Micron Technology Inc (NASDAQ:MU). The price target implies an upside of 39%. Danely noted that dynamic random access memory pricing could be higher in the second half of the year. Danely added that PC demand remains "solid," though some data center customers…