As previously reported, Loop Capital analyst Cody Acree initiated NXP Semiconductors with a Buy rating and a price target of $118, saying he sees the company as "one of the best positioned" in the auto and industrial space amid consolidation trends in the chip industry. The analyst further notes that its merger with Freescale was particularly "intuitive" given the "significant" opportunities to magnify revenue and the below-10% overlap in product and markets. Trading at "just 11.7-times next year's expected earnings", Acree believes that the stock is offering a "compelling opportunity".

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.