RBC Capital analyst Amit Daryanani believes Broadcom's (AVGO) willingness to agree to certain potential antitrust-related divestitures beyond the terms in the Qualcomm (QCOM) merger agreement is an incremental positive. The analyst thinks "the saga continues" and sees room for Broadcom to improve the offer if Qualcomm doesn't close the NXP Semiconductors (NXPI) deal. The next step will be NXP approval from China's Ministry of Commerce, what Qualcomm eventually does with its $110 bid and the upcoming Qualcomm shareholder meeting, Daryanani tells investors in a research note. He keeps an Outperform rating on Qualcomm with an $80 price target.

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.

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

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here