Mizuho analyst Vijay Rakesh lowered the firm's price target on NXP Semiconductors to $140 from $147 and keeps a Buy rating on the shares. The impact from the coronavirus on the company's guidance reflects more of a pushout of demand to the June quarter as the company did not see a large cancellations of orders, Rakesh tells investors in a research note. As such, the analyst is buyer of the stock on the "muted" impact from the virus.

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