Piper Jaffray analyst Harsh Kumar raised his price target for NXP Semiconductors to $110 from $100 saying the stock remains attractive, even after the recent rally. The "story is one of the most underappreciated in the semiconductor industry," Kumar tells investors in a research note. He believes concerns surrounding automotive are largely overblown and sees NXP "benefitting disproportionately to the upside with a trade resolution due to its broad based nature." Further, the analyst expects the company to meet its near-term gross margin target of 55%. Kumar reiterates an Overweight rating on the 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.