Morgan Stanley analyst Craig Hettenbach said his checks suggest that NXP Semiconductors (NXPI) is beginning to win business in battery management systems for electric vehicles against incumbents Analog Devices (ADI) and Maxim Integrated (MXIM), which he sees as a key development. BMS could add 200 basis points to the company's growth rate in autos and evidence of success in this area and other new growth drivers like Ultra-wide band and crossover MCUs should "translate directly into multiple expansion" for NXP shares, said Hettenbach. He keeps an Overweight rating and $115 price target on the stock.

Susquehanna analyst Christopher Rolland raised the firm's price target on Impinj (PI) to $150 from $140 and keeps a Positive rating on the shares. The firm said they posted a solid print with additional upside driven by the licensing win from NXP Semiconductors (NXPI). Customer engagements and new RFID markets continue to broaden the opportunity.

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.

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