Morgan Stanley analyst Craig Hettenbach reiterated an Equal Weight rating and $105 price target on NXP Semiconductors following the company's analyst day, which he calls an "important first step back." In a research note to investors, Hettenbach contends that management did a "solid" job presenting the material at the analyst day, the company's first meaningful engagement with the Street in nearly two years, and says the event was "largely in line" with expectations. While he calls the stock's reaction "surprising," it likely reflects the set-up and relative outperformance of late. Though he likes the investor value drivers at NXP's disposal, concerns about the semi cycle hold him back 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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