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NXPI

NXP Semiconductors

$102.50

-0.73 (-0.71%)

, QCOM

Qualcomm

$66.84

0.16 (0.24%)

14:05
10/06/16
10/06
14:05
10/06/16
14:05

NXP Semiconductors, Qualcomm making progress toward deal, Bloomberg says

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

15:10
12/07/16
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15:10
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15:10
General news
U.S. consumer credit rose $16.0 B in October »

U.S. consumer credit rose…

COST

Costco

$151.01

-0.76 (-0.50%)

15:04
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12/07
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15:04
Options
Costco options imply 4.3% move in share price post-earnings, above median historical move »

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CMCO

Columbus McKinnon

$27.59

1.07 (4.03%)

15:03
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Downgrade
Columbus McKinnon rating change  »

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  • 07

    Dec

OTTR

Otter Tail

$38.90

0.1 (0.26%)

15:01
12/07/16
12/07
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Initiation
Otter Tail initiated  »

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15:01
12/07/16
12/07
15:01
12/07/16
15:01
General news
Consumer Credit data reported »

October Consumer Credit…

WDC

Western Digital

$63.85

1.76 (2.83%)

15:00
12/07/16
12/07
15:00
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15:00
Options
Western Digital calls active as shares surge »

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CMCO

Columbus McKinnon

$27.59

1.07 (4.03%)

14:59
12/07/16
12/07
14:59
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14:59
Downgrade
Columbus McKinnon rating change  »

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  • 07

    Dec

HON

Honeywell

$116.25

3.18 (2.81%)

14:58
12/07/16
12/07
14:58
12/07/16
14:58
Hot Stocks
Trian declines to comment as Honeywell hits high of day »

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  • 16

    Dec

  • 16

    Dec

  • 10

    Jan

HRB

H&R Block

$23.42

0.73 (3.22%)

14:55
12/07/16
12/07
14:55
12/07/16
14:55
Technical Analysis
H&R Block technical comments ahead of earnings news »

The shares have been…

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  • 07

    Dec

APO

Apollo Global

$19.99

0.71 (3.68%)

, CS

Credit Suisse

$15.46

0.77 (5.24%)

14:54
12/07/16
12/07
14:54
12/07/16
14:54
Periodicals
Apollo-backed Warrior working with lenders on IPO for next year, Bloomberg says »

Apollo Global…

APO

Apollo Global

$19.99

0.71 (3.68%)

CS

Credit Suisse

$15.46

0.77 (5.24%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 14

    Dec

14:50
12/07/16
12/07
14:50
12/07/16
14:50
General news
Canada Capacity Utilization Preview »

Canada Capacity…

LULU

lululemon

$57.24

0.12 (0.21%)

14:49
12/07/16
12/07
14:49
12/07/16
14:49
Options
lululemon options imply 14.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 07

    Dec

  • 09

    Jan

14:45
12/07/16
12/07
14:45
12/07/16
14:45
General news
Canada Housing Starts Preview »

Canada Housing Starts…

14:45
12/07/16
12/07
14:45
12/07/16
14:45
General news
Consumer Credit to be reported at 15:00 »

October Consumer Credit…

14:45
12/07/16
12/07
14:45
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14:45
General news
Breaking General news story  »

November Treasury STRIPS…

ATSG

Air Transport Services

$16.32

0.02 (0.12%)

14:42
12/07/16
12/07
14:42
12/07/16
14:42
Hot Stocks
Air Transport Services says preliminary injunction granted in labor matter »

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AGN

Allergan

$190.01

-0.935 (-0.49%)

14:42
12/07/16
12/07
14:42
12/07/16
14:42
Hot Stocks
Allergan CEO: Drug industry should self-regulate pricing »

Allergan CEO Brent…

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  • 07

    Dec

  • 08

    Dec

COST

Costco

$151.01

-0.76 (-0.50%)

, HRB

H&R Block

$23.44

0.75 (3.31%)

14:40
12/07/16
12/07
14:40
12/07/16
14:40
Earnings
Notable companies reporting after market close »

Notable companies…

COST

Costco

$151.01

-0.76 (-0.50%)

HRB

H&R Block

$23.44

0.75 (3.31%)

LULU

lululemon

$57.24

0.12 (0.21%)

CAS

A. M. Castle

UNFI

United Natural Foods

$48.66

-0.7 (-1.42%)

VRNT

Verint

$38.20

0.15 (0.39%)

OLLI

Ollie's Bargain Outlet

$31.50

0.05 (0.16%)

TLRD

Tailored Brands

$18.89

0.58 (3.17%)

03/08/13
Wedge Partners
03/08/13
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  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 07

    Dec

  • 08

    Dec

  • 13

    Dec

  • 15

    Dec

  • 09

    Jan

  • 09

    Jan

HLT

Hilton

$26.81

0.495 (1.88%)

14:40
12/07/16
12/07
14:40
12/07/16
14:40
Options
Heightened call activity in Hilton everyday so far in December »

Heightened call activity…

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  • 08

    Dec

  • 09

    Dec

TST

TheStreet

14:36
12/07/16
12/07
14:36
12/07/16
14:36
Initiation
TheStreet initiated  »

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  • 07

    Dec

SYK

Stryker

$112.97

0.38 (0.34%)

14:34
12/07/16
12/07
14:34
12/07/16
14:34
Hot Stocks
Stryker raises quarterly dividend to 42.5c per share »

Stryker announced that…

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  • 12

    Dec

VNCE

Vince Holding

$4.28

0.075 (1.79%)

14:30
12/07/16
12/07
14:30
12/07/16
14:30
Earnings
Notable companies reporting before tomorrow's open »

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  • 08

    Dec

  • 09

    Jan

CMA

Comerica

$67.49

-0.2 (-0.30%)

14:30
12/07/16
12/07
14:30
12/07/16
14:30
Periodicals
Comerica moves higher as company alleged to 'warm' to possible sale »

According to Benzinga, a…

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  • 17

    Jan

CX

CEMEX

$8.42

0.205 (2.50%)

14:25
12/07/16
12/07
14:25
12/07/16
14:25
Options
Cemex call volume above normal and directionally bullish »

Bullish option flow…

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14:25
12/07/16
12/07
14:25
12/07/16
14:25
Conference/Events
Senate Commerce, Science & Transportation Committee to hold a hearing »

The Subcommittee on…

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