BMO Capital analyst Ambrish Srivastava raised his price target on NXP Semiconductors to $115 after its Q3 earnings and the management's view that business has "stabilized". The analyst cites the company's commentary of the worst in annual sales declines - particularly in autos and industrials - being in the past, while noting that its 55% gross margin target sets more "realistic expectations". Srivastava still keeps his Market Perform rating on NXP Semiconductors and sees the stock as "reasonably valued".

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.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here