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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%)

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

AVA

Avista

$51.40

0.1 (0.19%)

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BMWYY

BMW

$34.00

0.083 (0.24%)

18:40
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Periodicals
BMW to build new 8 series in Dingolfing from 2018, Reuters reports »

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CSCO

Cisco

$33.37

0.67 (2.05%)

18:20
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BMY

Bristol-Myers

$63.36

0.03 (0.05%)

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INSE

Inspired Entertainment

$13.60

0.3 (2.26%)

17:38
09/22/17
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17:38
Hot Stocks
Inspired Entertainment COO Wilson leaving by reason of redundancy »

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MNOV

MediciNova

$6.18

0.3 (5.10%)

17:30
09/22/17
09/22
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17:30
Syndicate
Breaking Syndicate news story on MediciNova »

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  • 26

    Sep

ISRG

Intuitive Surgical

$1,031.52

1.31 (0.13%)

17:25
09/22/17
09/22
17:25
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17:25
Conference/Events
Intuitive Surgical to host special shareholder meeting »

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GD

General Dynamics

$205.41

-0.31 (-0.15%)

17:21
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17:21
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General Dynamics Electric Boat awarded $341.2M government contract modification »

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CHRS

Coherus Biosciences

$12.85

0.3 (2.39%)

17:19
09/22/17
09/22
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17:19
Syndicate
Breaking Syndicate news story on Coherus Biosciences »

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  • 25

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FIBK

First Interstate

$36.90

0.3 (0.82%)

17:18
09/22/17
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17:18
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17:18
Syndicate
First Interstate files to sell $250M of Class A common stock »

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NRCIA

National Research, also tag NRCIB

$37.45

0.55 (1.49%)

, NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

17:08
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National Research launches metric to measure healthcare consumer loyalty »

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NRCIA

National Research, also tag NRCIB

$37.45

0.55 (1.49%)

NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

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CC

Chemours

$51.79

-0.16 (-0.31%)

, HON

Honeywell

$141.75

0.89 (0.63%)

16:58
09/22/17
09/22
16:58
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16:58
Hot Stocks
Chemours files appeal concerning SNAP 20 rule to regulate HFCs »

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CC

Chemours

$51.79

-0.16 (-0.31%)

HON

Honeywell

$141.75

0.89 (0.63%)

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AGN

Allergan

$204.65

1.99 (0.98%)

16:57
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16:57
Hot Stocks
Allergan receives refusal to file letter from FDA for Vraylar »

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HON

Honeywell

$141.75

0.89 (0.63%)

, CC

Chemours

$51.79

-0.16 (-0.31%)

16:51
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16:51
Hot Stocks
Honeywell, Chemours seek rehearing of D.C Court decision regarding SNAP program »

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HON

Honeywell

$141.75

0.89 (0.63%)

CC

Chemours

$51.79

-0.16 (-0.31%)

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JOE

Saint Joe Co.

$18.60

0.45 (2.48%)

16:46
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Breaking Hot Stocks news story on Saint Joe Co. »

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16:40
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General news
Moody's downgrades UK's rating to Aa2, changes outlook to stable »

Moody's Investors…

A

Agilent

$65.78

-0.14 (-0.21%)

, MRK

Merck

$65.13

-0.47 (-0.72%)

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Agilent receives expanded FDA approval for the use of Dako PD-L1 IHC 22C3 »

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A

Agilent

$65.78

-0.14 (-0.21%)

MRK

Merck

$65.13

-0.47 (-0.72%)

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TYHT

Shineco

$3.23

-0.45 (-12.23%)

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

16:34
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RNVA

Rennova Health

$0.22

0.0086 (4.07%)

16:31
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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

16:31
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Breaking Hot Stocks news story on Appliance Recycling »

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16:30
09/22/17
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16:30
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16:30
Options
Preliminary option volume of 13.9M today »

Preliminary option volume…

EKSO

Ekso Bionics

$1.28

0.14 (12.28%)

16:23
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Ekso Bionics awarded government contract »

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UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

, AET

Aetna

$153.57

0.18 (0.12%)

16:22
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09/22
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16:22
General news
On The Fly: Top stock stories for Friday »

The major averages…

UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

AET

Aetna

$153.57

0.18 (0.12%)

ANTM

Anthem

$182.86

-0.64 (-0.35%)

CI

Cigna

$182.74

0.61 (0.33%)

AAPL

Apple

$151.89

-1.5 (-0.98%)

FSLR

First Solar

$51.41

2.65 (5.43%)

FINL

Finish Line

$9.73

0.51 (5.53%)

ASND

Ascendis Pharma

$34.24

6.5 (23.43%)

VSAR

Versartis

$2.68

-18.925 (-87.62%)

ICPT

Intercept

$61.59

-12.11 (-16.43%)

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DLR

Digital Realty

$114.51

-1.72 (-1.48%)

16:19
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Breaking Syndicate news story on Digital Realty »

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