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NXPI

NXP Semiconductors

$102.50

-0.73 (-0.71%)

, QCOM

Qualcomm

$66.84

0.16 (0.24%)

09:32
10/06/16
10/06
09:32
10/06/16
09:32

NXP wants $120/share in takeover, CNBC's Faber reports

NXPI

NXP Semiconductors

$102.50

-0.73 (-0.71%)

QCOM

Qualcomm

$66.84

0.16 (0.24%)

  • 13

    Mar

NXPI NXP Semiconductors
$102.50

-0.73 (-0.71%)

09/30/16
RHCO
09/30/16
NO CHANGE
RHCO
NXP Semiconductors could be acquired for $124 per share, says SunTrust
After Dow Jones reported that NXP (NXPI) is in talks to be bought by Qualcomm (QCOM) for more than $95 per share, SunTrust analyst William Stein says that, based on recent takeover valuations in the semiconductor space, NXP would be acquired for $124 per share. The analyst says that NXP is worth $104 per share on a standalone basis, and he does not expect the company to sell itself for $95. Stein adds that NXP would improve Qualcomm's efforts in NFC and automotive. He expects NXP's stock to rise whether or not a deal is made, and he keeps a Buy rating on the shares.
09/30/16
OPCO
09/30/16
NO CHANGE
OPCO
NXP 'cheap' for Qualcomm even after rally, says Oppenheimer
Oppenheimer analyst Rick Schafer says NXP Semiconductors (NXPI) still a "cheap" takeover target for Qualcomm (QCOM) even after rallying 25% over the past two days. An acquisition would be accretive to Qualcomm's earnings "under most scenarios," the analyst tells investors in an intraday research note. He thinks Qualcomm needs to diversify away from handsets and has $31B of offshore cash, the analyst contends. Schafer keeps a Perform rating on Qualcomm.
10/03/16
UBSW
10/03/16
NO CHANGE
Target $59
UBSW
Neutral
Qualcomm acquisition of NXP Semiconductors would be positive, says UBS
UBS analyst Stephen Chin said he would view an acquisition of NXP Semiconductors (NXPI) by Qualcomm (QCOM) as positive citing such a deals likely accretion, as well as benefits like sales diversification, its patent portfolio and cash flow generation. Chin maintains his Neutral rating and $59 price target on Qualcomm shares.
10/03/16
RBCM
10/03/16
NO CHANGE
Target $70
RBCM
Sector Perform
RBC says $120-130/share seems like high end of reasonable Qualcomm price for NXP
RBC analyst Amit Daryanani believes $120-$130 per share is likely the "upper end of the valuation framework" that Qualcomm (QCOM) would like to pay in any potential deal to acquire NXP Semiconductors (NXPI). While Qualcomm "can certainly elect to pay a larger premium" than that, doing so would likely come in the form of Qualcomm equity issuance, which would impede the accretion from the deal, Daryanani tells investors. The analyst keeps a Sector Perform rating on Qualcomm shares, but raised his price target on the stock to $70 from $59 citing the potential for diversification and higher cash flow generation that an NXP deal would provide.
QCOM Qualcomm
$66.84

0.16 (0.24%)

09/30/16
09/30/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded on potential NXP Semiconductors acquisition at Mizuho with the firm's analyst saying he believes a Qualcomm acquisition of NXP Semiconductors (NXPI) makes significant strategic and financial sense. 2. Skechers (SKX) upgraded to Positive from Neutral at Susquehanna. 3. Sprouts Farmers Markets (SFM) upgraded to Buy from Hold at Jefferies with analyst Christopher Mandeville saying the risk/reward is now favorable following the recent pullback in the shares. 4. Phillips 66 (PSX) upgraded to Neutral from Sell at Goldman with analyst Neil Mehta citing higher multiple assumptions for midstream and chemicals segments, reduced capex spending and higher free cash flow estimates, and more achievable consensus expectations. 5. NetApp (NTAP) upgraded to Buy from Sell at Summit Redstone with analyst Srini Nandury citing optimism that the company can grow its product revenue from current levels driven by AFA sales and increasing adoption of clustered ONTAP. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ADAP

Adaptimmune

$4.05

-0.11 (-2.64%)

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FARM

Farmer Bros.

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TSC

TriState Capital

$20.85

0.1 (0.48%)

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CLR

Continental Resources

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TriState Capital

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0.1 (0.48%)

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KEY

KeyCorp

$17.90

0.04 (0.22%)

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    Jan

MTSI

MACOM

$47.13

1.08 (2.35%)

, AMCC

Applied Micro Circuits

$8.40

0.1 (1.20%)

07:30
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07:30
Recommendations
MACOM, Applied Micro Circuits analyst commentary  »

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MTSI

MACOM

$47.13

1.08 (2.35%)

AMCC

Applied Micro Circuits

$8.40

0.1 (1.20%)

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  • 05

    Dec

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    Dec

NEM

Newmont Mining

$33.58

1.31 (4.06%)

, SDRL

Seadrill

$2.95

-0.13 (-4.22%)

07:30
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07:30
Options
Unusual put flow in option market yesterday »

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NEM

Newmont Mining

$33.58

1.31 (4.06%)

SDRL

Seadrill

$2.95

-0.13 (-4.22%)

ORCL

Oracle

$38.50

-0.2 (-0.52%)

AET

Aetna

$133.49

-1.41 (-1.05%)

FE

FirstEnergy

$30.57

-0.42 (-1.36%)

LBTYA

Liberty Global

$29.67

-0.4 (-1.33%)

TOL

Toll Brothers

$29.32

0.18 (0.62%)

IRDM

Iridium

03/08/13
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  • 05

    Dec

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    Dec

ITRI

Itron

$63.10

-0.7 (-1.10%)

07:28
12/05/16
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07:28
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07:28
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HDYN

Hyperdynamics

07:28
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Hyperdynamics signs LOI with SAPETRO »

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VNCE

Vince Holding

$3.90

-0.35 (-8.24%)

07:27
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07:27
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07:27
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  • 08

    Dec

  • 09

    Jan

FL

Foot Locker

$74.23

0.55 (0.75%)

07:27
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  • 05

    Dec

NMBL

Nimble Storage

$7.72

0.28 (3.76%)

07:25
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07:25
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  • 05

    Dec

  • 07

    Dec

  • 12

    Dec

AMZN

Amazon.com

$740.34

-3.31 (-0.45%)

07:25
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12/05
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07:25
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Amazon.com analyst commentary  »

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TRIL

Trillium Therapeutics

$6.70

-0.5 (-6.94%)

07:25
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Conference/Events
Trillium Therapeutics to host conference call »

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  • 05

    Dec

QTNA

Quantenna Communications

$16.83

-0.18 (-1.06%)

07:24
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  • 07

    Dec

TRIP

TripAdvisor

$46.46

-0.7 (-1.48%)

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CSIQ

Canadian Solar

$11.07

-0.21 (-1.86%)

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  • 05

    Dec

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    Dec

BA

Boeing

$152.25

-0.14 (-0.09%)

, EADSY

Airbus

$15.64

-0.26 (-1.64%)

07:19
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Periodicals
Norwegian Air CEO aims to order more Boeing, Airbus aircraft, Reuters reports »

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BA

Boeing

$152.25

-0.14 (-0.09%)

EADSY

Airbus

$15.64

-0.26 (-1.64%)

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HCLP

Hi-Crush Partners

$18.40

0.6 (3.37%)

07:19
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TSN

Tyson Foods

$57.05

0.88 (1.57%)

07:18
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Tyson Foods creates $150M venture capital fund »

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  • 07

    Dec

SNSS

Sunesis

$3.90

-0.06 (-1.52%)

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HLT

Hilton

$25.26

0.05 (0.20%)

07:18
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  • 08

    Dec

TGLS

Tecnoglass

$11.81

-0.1 (-0.84%)

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Tecnoglass to acquire Florida-based E.S. Windows in $13M transaction »

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ALNY

Alnylam

$41.57

-0.01 (-0.02%)

07:16
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