BofA/Analyst Vivek Arya upgraded Analog Devices with a Buy and raised its price target to $125 from $96 saying it is a beneficiary of 5G with faster dividend growth. Arya expects Analog's leadership in radio frequency technology will begin to jump 3x-4x starting in 2H 2019 as mobile networks move towards 5G from 3G/4G. The analyst also expects stronger free-cash-flow and target leverage achievement to result in accelerated dividend growth, resulting in multiple expansion towards the high-end of Analog's historical range.

BofA raised the firm's price target on Texas Instruments (TXN) to $190 from $175 and keeps a Neutral rating on the shares. TI's small Q1 beat and inline but sequentially rising Q2 sales guidance, "while modest, potentially marks a recovery inflection in industrial chip demand," with positive read-across for U.S. peers such as Analog Devices (ADI), Microchip (MCHP), NXP Semiconductors (NXPI) and On Semiconductor (ON), the analyst tells investors. However, despite an expected recovery, TI's sustained high capex intensity could keep reported calendar year 2024-26 pro-forma EPS below $6 per share, the analyst added.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here