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SLAB

Silicon Labs

$90.20

3.05 (3.50%)

, SIGM

Sigma Designs

$5.60

(0.00%)

17:03
12/07/17
12/07
17:03
12/07/17
17:03

Silicon Laboratories to acquire Sigma Designs for $7.05 per share in cash

Silicon Labs (SLAB) and Sigma Designs (SIGM) announced a definitive agreement under which Silicon Labs will acquire Sigma Designs for $7.05 per share in a cash transaction valued at approximately $282M, subject to certain closing conditions. This price represents a 26% premium over Sigma Designs' closing price of $5.60 per share on Dec. 6, 2017. In the event that certain closing conditions are not met, the parties have agreed that Sigma Designs would instead sell its Z-Wave business to Silicon Labs for $240M, contingent upon approval by Sigma Designs' stockholders. The boards of directors of both companies have approved the transaction. Silicon Labs expects the transaction to close in the first calendar quarter of 2018.

SLAB

Silicon Labs

$90.20

3.05 (3.50%)

SIGM

Sigma Designs

$5.60

(0.00%)

  • 07

    Dec

  • 07

    Dec

SLAB Silicon Labs
$90.20

3.05 (3.50%)

06/07/17
BNCH
06/07/17
NO CHANGE
Target $10
BNCH
Buy
Sigma Designs could become 'prime acquisition target,' says Benchmark
Following Sigma Designs' (SIGM) report of mixed Q1 results, Benchmark analyst Gary Mobley contends investors care about two main things: growing IoT revenue, which is being seen, and an "outright divestiture" of SmartTV assets. If Sigma can shed assets and become a pure play IoT chip/cloud infrastructure company, Mobley believes it could become a "prime acquisition target" for a radio frequency IC company such as Silicon Laboratories (SLAB) or MaxLinear (MXL). If it is not acquired but can raise $100M by selling non-core, non-IoT businesses, Sigma could make additional acquisitions to bolster its IoT focus, said Mobley, who keeps a Buy rating and $10 price target on the stock.
10/10/17
ADAM
10/10/17
NO CHANGE
Target $95
ADAM
Buy
Silicon Laboratories price target raised to $95 from $85 at Canaccord
Canaccord analyst Matthew Ramsay raised his price target on Silicon Labs to $95 from $85 as he believes the company continues to execute its business consistent with the impressive growth plan outlined at its analyst day. He believes its business remains a compelling growth story with gradually accelerating sales and earnings growth. Ramsay reiterated his Buy rating on Silicon Labs shares.
10/12/17
STFL
10/12/17
NO CHANGE
Target $95
STFL
Buy
Stifel sees 'beat and raise' coming from Silicon Laboratories, ups target to $95
Stifel analyst Tore Svanberg raised his price target on Silicon Laboratories to $95 from $85 ahead of the company's upcoming Q3 earnings report, as he predicts the company will report September quarter results toward the upper end of its previously guided range and raise guidance given the positive momentum in its strategic growth areas, led by IoT. He keeps a Buy rating on Silicon Laboratories shares.
10/24/17
ROTH
10/24/17
NO CHANGE
Target $100
ROTH
Buy
Silicon Laboratories price target raised to $100 from $85 at Roth Capital
Roth Capital analyst Suji Desilva raised his price target for Silicon Laboratories to $100 from $85 ahead of Q3 earnings. The analyst believes Internet of Things can potentially grow 20% CAGR over the next several years and expect infrastructure to provide about 10% CAGR, with timing products demand stabilizing. The analyst reiterates a Buy rating on the shares.
SIGM Sigma Designs
$5.60

(0.00%)

10/12/17
BWSF
10/12/17
NO CHANGE
Target $4
BWSF
Strong Buy
Sigma Designs should be sold at current levels, says BWS Financial
BWS Financial analyst Hamed Khorsand says Sigma Designs' 250 person headcount reduction comes nearly a year after it started to see greater competition in its TV business. The move suggests Sigma is not expecting revenue to grow from "currently depressed levels for an extended period of time," Khorsand tells investors in a research note. He recommends selling the stock at current levels and keeps a Sell rating on the name with a $4 price target.

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SAIL

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KORS

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TPR

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$41.28

-0.71 (-1.69%)

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AMZN

Amazon.com

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FHN

First Horizon

$16.09

-0.22 (-1.35%)

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TI

Telecom Italia

$6.01

0.09 (1.52%)

20:04
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Telecom Italia board to meet on Tuesday to consider CEO ouster, Bloomberg says »

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CVX

Chevron

$117.47

-2.065 (-1.73%)

, COP

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$65.20

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$117.47

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ConocoPhillips

$65.20

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XOM

Exxon Mobil

$79.87

-1.01 (-1.25%)

RDS.A

Royal Dutch Shell

$62.16

-0.84 (-1.33%)

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ATTO

Atento

$5.96

0.075 (1.28%)

19:00
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Earnings
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VKTX

Viking Therapeutics

$11.73

-0.605 (-4.91%)

18:57
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KEX

Kirby

$74.20

-1.83 (-2.41%)

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HUYA

Huya

$18.50

-0.5 (-2.63%)

, MFIN

Medallion Financial

$6.80

-0.23 (-3.27%)

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HUYA

Huya

$18.50

-0.5 (-2.63%)

MFIN

Medallion Financial

$6.80

-0.23 (-3.27%)

EB

Eventbrite

$30.90

-1.6 (-4.92%)

YRD

Yirendai

$15.47

-1.75 (-10.16%)

KRNT

Kornit Digital

$19.15

-0.88 (-4.39%)

MHLD

Maiden Holdings

$2.40

-1.12 (-31.82%)

SAGE

Sage Therapeutics

$121.50

-9.46 (-7.22%)

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OMAB

OMA Airports

$40.18

0.41 (1.03%)

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OMA Airports names Ricardo Duenas as new CEO »

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TEUM

Pareteum

$2.13

-0.09 (-4.05%)

, IPAS

iPass

$1.14

(0.00%)

18:03
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Pareteum to acquire iPass in all-stock transaction »

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$2.13

-0.09 (-4.05%)

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iPass

$1.14

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NINE

Nine Energy Services

$33.58

-1.6 (-4.55%)

18:01
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TEUM

Pareteum

$2.13

-0.09 (-4.05%)

, IPAS

iPass

$1.14

(0.00%)

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$2.13

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$1.14

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  • 14

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BMWYY

BMW

$0.00

(0.00%)

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Periodicals
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NVDA

Nvidia

$189.37

-16.25 (-7.90%)

17:54
11/12/18
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  • 15

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GLD

SPDR Gold Trust

$113.66

-0.82 (-0.72%)

17:51
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TSLA

Tesla

$331.15

-19.54 (-5.57%)

17:45
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HUYA

Huya

$18.50

-0.5 (-2.63%)

17:34
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  • 12

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VLKAY

Volkswagen

$0.00

(0.00%)

, DDAIF

Daimler AG

$0.00

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TM

Toyota

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F

Ford

$9.49

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HMC

Honda

$28.16

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GM

General Motors

$35.71

0.01 (0.03%)

FCAU

Fiat Chrysler

$15.78

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MPVD

Mountain Province Diamonds

$1.42

-0.03 (-2.07%)

17:32
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Mountain Province Diamonds reports Q3 EPS 8c, one estimate 6c »

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HUYA

Huya

$18.50

-0.5 (-2.63%)

17:32
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Breaking Earnings news story on Huya »

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YY

YY

$61.39

-3.34 (-5.16%)

17:32
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