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QCOM

Qualcomm

$52.88

0.39 (0.74%)

, NXPI

NXP Semiconductors

$114.52

0.57 (0.50%)

10:45
10/10/17
10/10
10:45
10/10/17
10:45

Qualcomm offers to leave some patents out of NXP takeover, Reuters says

In a bid to win EU antitrust regulatory approval for its proposed takeover deal, Qualcomm (QCOM) has offered to buy NXP Semiconductors (NXPI) without some of its patents, according to Reuters, citing people familiar with the matter. Qualcomm has offered to not acquire NXP's standard essential patents, which the company can sell to another buyer, and it has also agreed not to take legal action against third parties related to NXP's near field communication patents except for defensive purposes, according to the report. Reference Link

QCOM

Qualcomm

$52.88

0.39 (0.74%)

NXPI

NXP Semiconductors

$114.52

0.57 (0.50%)

  • 18

    Oct

  • 19

    Oct

QCOM Qualcomm
$52.88

0.39 (0.74%)

09/15/17
NORL
09/15/17
UPGRADE
NORL
Outperform
Qualcomm upgraded to Outperform from Market Perform at Northland
09/15/17
09/15/17
UPGRADE
Target $62.5

Outperform
Qualcomm upgraded to Outperform on 3D sensing opportunity at Northland
As previously reported, Northland analyst Tom Sepenzis upgraded Qualcomm (QCOM) to Outperform from Market Perform on expectations for market share gains in 2018, particularly at the high end, as he sees the company and partner Himax (HIMX) as well positioned to become the "de facto leading 3D sensing solution" with Android manufacturers who follow the lead of Apple's (AAPL) new iPhone X. From what he understands, handset makers that want to use its SLiM structured light solution will have to use Qualcomm's next generation Snapdragon chipset too, he tells investors. Sepenzis keeps a $62.50 price target on Qualcomm shares.
09/15/17
09/15/17
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. Dish (DISH) upgraded to Neutral from Sell at Citi with analyst Jason Bazinet saying the valuation seems fair following the recent weakness in the shares. 2. First Solar (FSLR) upgraded to Buy from Hold at Deutsche Bank with analyst Vishal Shah saying channel checks indicate that "robust" U.S. demand is driving module prices higher. 3. Southwest (LUV) upgraded to Overweight from Neutral at JPMorgan with analyst Jamie Baker saying the recent correction in Southwest shares makes for a "compelling" risk-to-reward profile. 4. Qualcomm (QCOM) upgraded to Outperform from Market Perform at Northland with analyst Tom Sepenzis citing expectations for market share gains in 2018, particularly at the high end, as he sees the company and partner Himax (HIMX) as well positioned to become the "de facto leading 3D sensing solution" with Android manufacturers who follow the lead of Apple's (AAPL) new iPhone X. 5. Harsco (HSC) upgraded to Buy from Hold at Argus with analyst David Coleman saying cost cutting initiatives, returns on prior investments, and improving end market demand have resulted in above Street results in the first half of 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/22/17
RBCM
09/22/17
NO CHANGE
Target $9.5
RBCM
Sector Perform
BlackBerry can use $1.6B of cash on acquisitions, says RBC Capital
RBC Capital analyst Paul Treiber says BlackBerry (BBRY) has $2.36B in cash after the $940M award from Qualcomm (QCOM). The company can use up to $1.6B of the cash on acquisitions, which may be accretive to earnings and the stock price, Treiber tells investors in a research note. He fells an acquisition of a company with organic growth above BlackBerry's targeted 10%-15% software growth "would be a tailwind to BlackBerry's organic growth." Treiber expects in-line Q2 results from BlackBerry on September 28 and keeps a Sector Perform rating on the shares.
NXPI NXP Semiconductors
$114.52

0.57 (0.50%)

06/28/17
MSCO
06/28/17
NO CHANGE
MSCO
Qualcomm could raise offer for NXP by 5%-10%, says Morgan Stanley
Morgan Stanley analyst Craig Hettenbach notes that an index of semiconductor stocks has risen 29% since Qualcomm (QCOM) made its $110 per share offer for NXP Semicodnuctors (NXPI). The firm says that Qualcomm can raise its offer for NXP by 5%-10% "with minimal impact to its balance sheet and deal accretion." It keeps an Equal Weight rating on NXP
07/20/17
SBSH
07/20/17
NO CHANGE
Target $55
SBSH
Neutral
Qualcomm royalty rates will continue to decline, says Citi
Citi analyst Christopher Danely views Qualcomm's (QCOM) Q3 results as mixed and notes earnings guidance was reduced due to lower royalties and higher expenses. Qualcomm's royalty rates will continue to decline and the NXP Semiconductors (NXPI) deal "may be fraught with problems," Danely tells investors in a research note. He keeps a Neutral rating on the shares with a $55 price target.
08/07/17
MSCO
08/07/17
NO CHANGE
Target $117.5
MSCO
Equal Weight
NXP Semiconductors target raised above deal price to $117 at Morgan Stanley
Morgan Stanley analyst Craig Hettenbach believes NXP Semiconductors (NXPI) shareholders "have the upper hand" in seeking to push for a higher takeout price from Qualcomm (QCOM), while also thinking a higher bid would be "inconsequential" to Qualcomm's balance sheet and deal accretion. The analyst, who sees momentum building for a higher deal price and a "hard time believing" Qualcomm would walk away rather than raise the price and get a deal done, raised his price target on NXP to $117.50 from $110. He keeps an Equal Weight rating on NXP shares.
09/12/17
JPMS
09/12/17
NO CHANGE
JPMS
JPMorgan lays out iPhone content winners and losers into launch event
JPMorgan analyst Harlan Sur believes Apple's (AAPL) launch event today will be positive for Broadcom (AVGO) and Qorvo (QRVO) as well as Micron (MU) and Intel (INTC). The analyst sees content gains by Broadcom in wireless charging, touch controller, Wi-Fi/Bluetooth and GPS connectivity, and by Qorvo in low band power amplifier duplexers share and antenna tuning. Other companies with significant Apple exposure that would benefit from increased unit sales and/or modest content gains include Intel, Skyworks (SWKS), Knowles (KN), Micron, Cypress Semiconductor (CY), NXP Semiconductors (NXPI) and Texas Instruments (TXN), Sur tells investors in a research note. The analyst sees Analog Devices' (ADI) blended content at Apple declining as he believes the company will not be the touch controller for the OLED-version of the iPhone.

TODAY'S FREE FLY STORIES

DUK

Duke Energy

$80.12

-0.51 (-0.63%)

11:50
09/21/18
09/21
11:50
09/21/18
11:50
Periodicals
Duke Energy says dam breached at North Carolina plant, AP reports »

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GTXI

GTx

$1.92

-21.41 (-91.77%)

11:50
09/21/18
09/21
11:50
09/21/18
11:50
Options
GTx Inc puts active as shares drop 91% »

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WIRE

Encore Wire

$50.20

(0.00%)

11:46
09/21/18
09/21
11:46
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11:46
Hot Stocks
Encore Wire reports antidumping and countervailing duty petition filing »

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DUK

Duke Energy

$80.79

0.16 (0.20%)

11:41
09/21/18
09/21
11:41
09/21/18
11:41
Periodicals
Duke Energy says dam breached at North Carolina plant, AP reports 

Reference Link

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    Nov

RIG

Transocean

$13.12

0.49 (3.88%)

11:40
09/21/18
09/21
11:40
09/21/18
11:40
Options
Big RIG vertical put spread bought on NYSE-Arca may adjust position »

Big RIG vertical put…

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  • 24

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SRPT

Sarepta

$149.73

-3.185 (-2.08%)

11:38
09/21/18
09/21
11:38
09/21/18
11:38
Recommendations
Sarepta analyst commentary  »

Sarepta negative CHMP…

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AWSM

Cool Holdings

$15.72

5.25 (50.14%)

11:30
09/21/18
09/21
11:30
09/21/18
11:30
Periodicals
Cool Holdings mentioned cautiously by TheStreetSweeper 

Reference Link

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MT

ArcelorMittal

$32.22

-0.17 (-0.52%)

11:30
09/21/18
09/21
11:30
09/21/18
11:30
Options
Large four-way spread in Arcelor Mittal as bullish position is opened »

Large four-way spread in…

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FTCH

Farfetch

$0.00

(0.00%)

11:27
09/21/18
09/21
11:27
09/21/18
11:27
Syndicate
Breaking Syndicate news story on Farfetch »

Farfetch opens at $27,…

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  • 21

    Sep

QRVO

Qorvo

$78.94

0.26 (0.33%)

, AAPL

Apple

$219.27

-0.73 (-0.33%)

11:27
09/21/18
09/21
11:27
09/21/18
11:27
Recommendations
Qorvo, Apple, Intel analyst commentary  »

Qorvo content not yet…

QRVO

Qorvo

$78.94

0.26 (0.33%)

AAPL

Apple

$219.27

-0.73 (-0.33%)

INTC

Intel

$46.88

-0.32 (-0.68%)

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  • 26

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    Oct

11:26
09/21/18
09/21
11:26
09/21/18
11:26
Conference/Events
RBC Capital analysts to hold a group luncheon »

Chemicals Analyst…

GME

GameStop

$16.55

0.06 (0.36%)

11:25
09/21/18
09/21
11:25
09/21/18
11:25
Options
GameStop call volume above normal and directionally bullish »

Bullish option flow…

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11:25
09/21/18
09/21
11:25
09/21/18
11:25
General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

V

Visa

$150.01

0.76 (0.51%)

11:25
09/21/18
09/21
11:25
09/21/18
11:25
Conference/Events
Visa management to meet with Wolfe Research »

Group Luncheon Meeting…

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  • 21

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CMCSA

Comcast

$37.65

-0.16 (-0.42%)

, CMCSK

Comcast

$0.00

(0.00%)

11:22
09/21/18
09/21
11:22
09/21/18
11:22
Hot Stocks
Box Office Battle: 'House with a Clock in its Walls' seen to win the weekend »

The major release opening…

CMCSA

Comcast

$37.65

-0.16 (-0.42%)

CMCSK

Comcast

$0.00

(0.00%)

LGF.A

Lionsgate

$22.30

-0.17 (-0.76%)

LGF.B

Lionsgate

$20.88

-0.15 (-0.71%)

T

AT&T

$34.01

0.57 (1.70%)

FOX

21st Century Fox

$44.27

0.07 (0.16%)

FOXA

21st Century Fox

$44.68

0.09 (0.20%)

DIS

Disney

$110.99

-0.63 (-0.56%)

SNE

Sony

$57.94

-1.16 (-1.96%)

VIA

Viacom

$35.15

0.15 (0.43%)

VIAB

Viacom

$32.01

0.17 (0.53%)

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GTXI

GTx

$1.93

-21.4 (-91.73%)

11:21
09/21/18
09/21
11:21
09/21/18
11:21
Downgrade
GTx rating change  »

GTx downgraded to Hold,…

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  • 01

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DTEA

DAVIDsTEA

$3.18

-0.225 (-6.62%)

11:19
09/21/18
09/21
11:19
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11:19
Hot Stocks
DAVIDsTEA says 'not aware' of reasons for recent market activity »

In light of the recent…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
09/21/18
09/21
11:17
09/21/18
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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VKTX

Viking Therapeutics

$18.72

-0.2 (-1.06%)

, GTXI

GTx

$1.93

-21.4 (-91.73%)

11:16
09/21/18
09/21
11:16
09/21/18
11:16
Recommendations
Viking Therapeutics, GTx analyst commentary  »

Raymond James says Viking…

VKTX

Viking Therapeutics

$18.72

-0.2 (-1.06%)

GTXI

GTx

$1.93

-21.4 (-91.73%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
09/21/18
09/21
11:16
09/21/18
11:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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ARNC

Arconic

$22.92

0.32 (1.42%)

11:15
09/21/18
09/21
11:15
09/21/18
11:15
Options
Arconic put volume heavy and directionally bearish »

Bearish flow noted in…

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11:15
09/21/18
09/21
11:15
09/21/18
11:15
General news
Treasury Action: Treasury auctions $106 B in coupons next week »

Treasury Action: Treasury…

11:15
09/21/18
09/21
11:15
09/21/18
11:15
General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

MU

Micron

$44.29

-1.77 (-3.84%)

, INTC

Intel

$46.77

-0.43 (-0.91%)

11:14
09/21/18
09/21
11:14
09/21/18
11:14
Hot Stocks
Micron slides as analysts debate if guidance a sign of downturn »

Shares of Micron (MU) are…

MU

Micron

$44.29

-1.77 (-3.84%)

INTC

Intel

$46.77

-0.43 (-0.91%)

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PLX

Protalix

$0.62

0.0135 (2.23%)

11:10
09/21/18
09/21
11:10
09/21/18
11:10
Hot Stocks
Breaking Hot Stocks news story on Protalix 

Protalix trading resumes

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