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NXPI

NXP Semiconductors

$109.09

0.09 (0.08%)

, QCOM

Qualcomm

$56.82

-0.11 (-0.19%)

05:40
06/19/17
06/19
05:40
06/19/17
05:40

NXP Semiconductors downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Ross Seymore downgraded NXP Semiconductors (NXPI) to Hold citing the stock's proximity to Qualcomm's (QCOM) all-cash takeout price of $110 per share. He continues to expect the deal to close by the end of 2017 at the announced price. Qualcomm is unlikely to pay a "meaningfully higher price" given the "lack of a viable second bidder," the analyst contends. He has a $110 price target for NXP shares. The chipmaker closed Friday up 9c to $109.09.

NXPI

NXP Semiconductors

$109.09

0.09 (0.08%)

QCOM

Qualcomm

$56.82

-0.11 (-0.19%)

  • 22

    Jun

  • 26

    Jun

NXPI NXP Semiconductors
$109.09

0.09 (0.08%)

03/14/17
NEED
03/14/17
DOWNGRADE
NEED
Hold
Mobileye downgraded to Hold from Buy at Needham
Needham analyst Rajvindra Gill downgraded Mobileye (MBLY) to Hold from Buy after Intel (INTC) announced its intention to acquire all of the former's outstanding ordinary shares for $63.54 per share. The analyst believes the deal clearly validates the ADAS and fully autonomous vehicle market, and views it as a positive read-through into the entire ADAS and automotive supply chain, namely ON Semiconductor (ON), Micron (MU), Cypress Semiconductor (CY), NXP Semiconductors (NXPI), NVIDIA (NVDA), Tower Semiconductor (TSEM), and Infineon (IFNNY).
04/20/17
SBSH
04/20/17
NO CHANGE
Target $60
SBSH
Neutral
Qualcomm royalty rates will continue to decline, says Citi
Citi analyst Christopher Danely says that while Qualcomm's (QCOM) Q2 results topped expectations, its Q3 guidance missed due to lower royalty payments. The analyst believes Qualcomm's royalty rates will continue to decline and that the NXP Semiconductors (NXPI) acquisition "will be fraught with problems." Danely keeps a Neutral rating on the shares with a $60 price target.
05/08/17
NOMU
05/08/17
DOWNGRADE
NOMU
Neutral
NXP Semiconductors downgraded to Neutral from Buy at Nomura Instinet
Nomura Insteinet analyst Romit Shah downgraded NXP Semiconductors (NXPI) to Neutral saying shares are trading within 5% of the acquisition price Qualcomm (QCOM) is paying for the company.
05/22/17
JPMS
05/22/17
UPGRADE
Target $68
JPMS
Overweight
Qualcomm upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Rod Hall upgraded Qualcomm (QCOM) to Overweight and raised his price target for the shares to $68 from $50. The chipmaker closed Friday up $1.55 to $57.67. While more negative news from the Apple (AAPL) royalty suit is likely, "material fundamental upside" exists from the closure of the NXP Semiconductors (NXPI) by the end of this year, Hall tells investors in a research note. The analyst views the deal as highly accretive. Hall also believes Apple ultimately will want to preserve its commercial relationship with Qualcomm.
QCOM Qualcomm
$56.82

-0.11 (-0.19%)

05/22/17
05/22/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Overweight from Neutral at JPMorgan with analyst Rod Hall saying while more negative news from the Apple (AAPL) royalty suit is likely, "material fundamental upside" exists from the closure of the NXP Semiconductors (NXPI) by the end of this year. The analyst views the deal as highly accretive. Hall also believes Apple ultimately will want to preserve its commercial relationship with Qualcomm. 2. Motorola Solutions (MSI) upgraded to Outperform from Market Perform at Raymond James with analyst Tavis McCourt saying shares look increasingly attractive based on improved demand visibility that is less economically sensitive than many of its peers, and demand catalysts from FirstNet buildouts that are expected to start in 2018. 3. Entegris (ENTG) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Toshiya Hari citing the recent pullback in shares and maintained a $29 price target. 4. Blackstone (BX) upgraded to Buy from Neutral at Citi with analyst William Katz saying the company's intentions to raise a $40B infrastructure fund should be a "valuation catalyst." 5. Cree (CREE) upgraded to Outperform from Market Perform at JMP Securities with analyst Joseph Osha saying he thinks that the company's new CEO could make positive changes at the company. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/26/17
STFL
05/26/17
NO CHANGE
STFL
Qualcomm price target raised to $65 from $56 at Stifel
Stifel analyst Kevin Cassidy raised his price target on Qualcomm (QCOM) as he believes that the company's application processors are gaining share in smartphones. The analyst says that the settlement between Apple (AAPL) and Nokia (NOK) is encouraging for Qualcomm, given its own legal dispute with Apple. The analyst keeps a Buy rating on Qualcomm.
05/29/17
RAJA
05/29/17
DOWNGRADE
Target $11
RAJA
Market Perform
BlackBerry downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Steven Li downgraded BlackBerry (BBRY) to Market Perform while raising his price target for the shares to $11 from $9.50. The mobile communications solutions provider closed Friday down 11c to $11.11. The shares are up 42% since the analyst's upgrade to Outperform on August 12, 2016. The final award payment of $940M by Qualcomm (QCOM) boosts an "already strong balance sheet" and may be used for acquisitions, Li tells investors in a research not titled "Tapping the Brakes after Strong Run."
06/15/17
SUSQ
06/15/17
NO CHANGE
Target $67
SUSQ
Positive
Qualcomm price target raised to $67 from $61 at Susquehanna
Susquehanna analyst Christopher Rolland raised his price target on Qualcomm to $67 from $61 following news it entered into a joint venture with JAC Capital, Leadcore, and Wise Road Capital which will be called JLQ Technology and will be launched later this year. He believes this suggest significant implications for Qualcomm as it could help mitigate the long-term competitive threats in the China. Rolland reiterated his Positive rating on Qualcomm shares.

TODAY'S FREE FLY STORIES

RGA

Reinsurance Group

$126.86

-0.36 (-0.28%)

04:55
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04:55
Conference/Events
Reinsurance Group management to meet with JPMorgan »

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  • 28

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SRCL

Stericycle

$77.24

-1.01 (-1.29%)

04:55
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04:55
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Stericycle management to meet with Barrington »

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THO

Thor Industries

$107.33

-1.47 (-1.35%)

04:55
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06/28
04:55
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04:55
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Thor Industries management to meet with Cancaccord »

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  • 28

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IDCC

InterDigital

$79.80

-0.65 (-0.81%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
InterDigital management to meet with Sidoti »

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  • 28

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NP

Neenah Paper

$77.80

-1.6 (-2.02%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
Neenah Paper management to meet with Sidoti »

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  • 28

    Jun

AGCO

AGCO

$66.47

-0.67 (-1.00%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
AGCO management to meet with William Blair »

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  • 28

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  • 10

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04:55
06/28/17
06/28
04:55
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04:55
General news
Pending Home Sales Index to be reported at 10:00 »

May Pending Home Sales…

PRTS

U.S. Auto Parts

$3.23

-0.02 (-0.62%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
U.S. Auto Parts management to meet with Roth Capital »

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  • 28

    Jun

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools &…

STE

STERIS

$81.47

-1.64 (-1.97%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
STERIS management to meet with Sidoti »

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  • 28

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VTR

Ventas

$71.17

-0.76 (-1.06%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Ventas management to meet with Raymond James »

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  • 28

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    Jun

SMTC

Semtech

$34.85

-0.6 (-1.69%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Semtech management to meet with Oppenheimer »

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  • 28

    Jun

  • 29

    Jun

IVZ

Invesco

$34.77

-0.24 (-0.69%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Invesco management to meet with Jefferies »

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  • 28

    Jun

  • 29

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DHXM

DHX Media

$4.30

0.15 (3.61%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
DHX Media management to meet with Jefferies »

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  • 28

    Jun

04:55
06/28/17
06/28
04:55
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04:55
General news
International Trade in Goods Balance to be reported at 08:30 »

May International Trade…

PODD

Insulet

$49.00

-1.22 (-2.43%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
Insulet participates in a conference call with Leerink »

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  • 28

    Jun

NFG

National Fuel

$55.85

-0.45 (-0.80%)

04:55
06/28/17
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04:55
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04:55
Conference/Events
National Fuel management to meet with Jefferies »

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  • 28

    Jun

OXY

Occidental Petroleum

$59.63

-0.38 (-0.63%)

04:55
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04:55
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Conference/Events
Occidental Petroleum management to meet with Evercore ISI »

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  • 28

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04:55
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Breaking General news story  »

Week of 6/23 EIA…

NBIX

Neurocrine

$45.56

-1.75 (-3.70%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
Neurocrine management to meet with Oppenheimer »

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  • 28

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LPI

Laredo Petroleum

$10.03

0.24 (2.45%)

04:55
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06/28
04:55
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Conference/Events
Laredo Petroleum management to meet with Piper Jaffray »

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  • 28

    Jun

MPWR

Monolithic Power

$96.84

-2.67 (-2.68%)

04:55
06/28/17
06/28
04:55
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Conference/Events
Monolithic Power management to meet with Oppeneimer »

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  • 28

    Jun

TRS

TriMas

$20.60

-0.1 (-0.48%)

04:55
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04:55
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Conference/Events
TriMas management to meet with Barrington »

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  • 28

    Jun

ORCL

Oracle

$50.75

-0.11 (-0.22%)

04:55
06/28/17
06/28
04:55
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04:55
Conference/Events
Oracle management to meet with Evercore ISI »

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  • 28

    Jun

UNFI

United Natural Foods

$34.95

-0.08 (-0.23%)

04:55
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06/28
04:55
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04:55
Conference/Events
United Natural Foods management to meet with Oppenheimer »

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  • 28

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