Needham analyst Rajvindra Gill raised his price target for NXP Semiconductors (NXPI) to $120 from $100 on a strong quarter/guide. The analyst believes the merger with Freescale (FSL) is going smoothly and continues to see Proforma earnings power of $7-$8. Investors should stay with big consolidators with earnings accretion in a subdued demand environment, Gill tells investors in a research note, noting also that NXP Semiconductors is aligned to the key secular growth drivers in the semiconductor industry. The analyst reiterates a Strong Buy rating on NXP Semiconductors' shares.

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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