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QCOM

Qualcomm

$65.43

0.17 (0.26%)

, NXPI

NXP Semiconductors

$119.25

0.1 (0.08%)

07:31
01/12/18
01/12
07:31
01/12/18
07:31

Qualcomm extends cash offer for NXP Semiconductors to February 9

Qualcomm (QCOM) announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors (NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on February 9, 2018, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.

QCOM

Qualcomm

$65.43

0.17 (0.26%)

NXPI

NXP Semiconductors

$119.25

0.1 (0.08%)

  • 06

    Mar

QCOM Qualcomm
$65.43

0.17 (0.26%)

12/04/17
KEYB
12/04/17
NO CHANGE
Target $320
KEYB
Overweight
Broadcom price target raised to $320 from $290 at KeyBanc
KeyBanc analyst John Vinh raised his price target for Broadcom (AVGO) to $320 from $290 ahead of quarterly results. The analyst anticipates investor focus will remain on the company's outstanding bid for Qualcomm (QCOM). The analyst believes Broadcom should ultimately be successful in acquiring Qualcomm as he struggles to see how the latter would prevail in a proxy battle. Vinh reiterates an Overweight rating on Broadcom's shares.
12/05/17
NORL
12/05/17
NO CHANGE
Target $18
NORL
Outperform
Himax may see 'fantastic' growth in 2018, says Northland
Northland analyst Tom Sepenzis says Himax (HIMX) could see "fantastic" growth in 2018 if the 3D sensing opportunity plays out the way that management outlined on its last call. While the growth at its large North American customer remains the easiest to quantify, the real opportunity for growth involves the Android handset vendors and the 3D sensing structured light solution developed with Qualcomm (QCOM), he contends. The analyst reiterates an Outperform rating and $18 price target on Himax shares.
12/15/17
OPCO
12/15/17
NO CHANGE
OPCO
Outperform
Broadcom Q2 estimate concerns overblown, says Oppenheimer
After meeting with management, Oppenheimer analyst Rick Schafer believes concerns over the Q2 estimates for Broadcom (AVGO) are overblown. The staggered launches of the two new iPhones creates near-term upside potential, Schafer tells investors in a research note. The company remains his top pick for 2018 with or without Qualcomm (QCOM). He keeps an Outperform rating on the shares with a $315 price target.
12/15/17
JPMS
12/15/17
NO CHANGE
JPMS
JPMorgan sees opportunities in Wireless Semiconductors, prefers Qorvo
JPMorgan analyst Bill Peterson believes the recent pullback in Wireless Semiconductor names, specifically Apple-exposed stocks, creates a good opportunity for investors to take long positions. The analyst sees the most upside in Qorvo (QRVO). He believes fears of production cuts and demand weakness are overblown. The December quarter and outlook for the March quarter are tracking to company expectations that have been built on conservative prospects for smartphone demand, Peterson tells investors in a research note.
NXPI NXP Semiconductors
$119.25

0.1 (0.08%)

11/06/17
KEYB
11/06/17
NO CHANGE
KEYB
Broadcom bid for Qualcomm would be impressive 'masterpiece,' says KeyBanc
KeyBanc analyst John Vinh notes that the Wall Street Journal reported that Broadcom (AVGO) is contemplating an unsolicited bid to acquire Qualcomm (QCOM) for $70/share. The analyst believes this deal would make sense, as he sees significant cost synergies and the opportunity for Broadcom to leverage its healthy relationship with Apple (AAPL) to mend the current strife between Qualcomm and Apple. Additionally, Vinh thinks this deal would be meaningfully accretive to Broadcom and could drive consolidated EPS of $22.97, which would imply fair value of $350.In his M&A scenario analysis, the analyst is assuming Qualcomm backs out of its bid for NXP Semiconductors (NXPI) and Broadcom looks to divest QTL and closes on its acquisition of Brocade (BRCD). In terms of implications, he views as Positive for Cavium's (CAVM) ThunderX business.
11/06/17
WELS
11/06/17
DOWNGRADE
Target $65
WELS
Market Perform
Wells Fargo downgrades Qualcomm amid Broadcom offer rally
Wells Fargo analyst David Wong downgraded Qualcomm (QCOM) to Market Perform from Outperform amid the rally in shares following Broadcom's (AVGO) unsolicited takeover offer. The stock is now trading close to the analyst's valuation range. He has a $65 price target for the shares. Going forward Qualcomm will not trade on fundamentals but on developments regarding the acquisition offer, Wong tells investors in a research note. He believes Broadcom's offer price assigns essentially no incremental value to Qualcomm's stock associated with the possible closing of the NXP Semiconductors (NXPI) deal or resolution of outstanding disputes. Standpoint Research today also downgraded Qualcomm.
11/07/17
RHCO
11/07/17
NO CHANGE
Target $325
RHCO
Buy
Broadcom price target raised to $325 from $281 at SunTrust
SunTrust analyst William Stein raised his price target on Broadcom (AVGO) to $325 and kept his Buy rating. Stein cites CEO Hock Tan's strategy with regards to Qualcomm (QCOM) and his track of using M&A to generate earnings growth. The analyst anticipates that Qualcomm will likely reject Broadcom's $70/shr bid, at which point the latter will likely nominate a slate of directors while the former attempts to close its NXP Semiconductors (NXPI) deal as quickly as possible. Stein also says the potential Broadcom-Qualcomm deal could also be a negative for Intel (INTC) and a positive for Cypress Semi (CY) on competitive factors.
11/08/17
RBCM
11/08/17
UPGRADE
Target $70
RBCM
Outperform
Qualcomm upgraded to Outperform at RBC Capital on limited downside risks
As previously reported, RBC Capital analyst Amit Daryanani upgraded Qualcomm (QCOM) to Outperform from Sector Perform and raised his price target to $70 from $55. Daryanani says stock price valuation is attractive at current levels regardless of the Broadcom (AVGO) bid, though he notes that the probability of the initial $70 per share bid being the final price is low, with revised bids reaching high-$70 to low-$80 per share range. If Qualcomm remains independent, the analyst says the roadmap for value creation is still compelling, as the company looks to its NXP Semi (NXPI) deal, resolves Apple (AAPL) disputes, and reduces spending.

TODAY'S FREE FLY STORIES

BCS

Barclays

$11.68

-0.06 (-0.51%)

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VZ

Verizon

$53.29

-0.16 (-0.30%)

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CBOE

Cboe Global Markets

$134.56

0.68 (0.51%)

12:42
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  • 09

    Feb

RIG

Transocean

$11.68

-0.25 (-2.10%)

12:40
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GPRO

GoPro

$6.30

0.01 (0.16%)

, JPM

JPMorgan

$114.46

0.13 (0.11%)

12:35
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GoPro falls after Morgan Stanley downgrade cites limited strategic value »

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GPRO

GoPro

$6.30

0.01 (0.16%)

JPM

JPMorgan

$114.46

0.13 (0.11%)

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MET

MetLife

$53.56

-0.29 (-0.54%)

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  • 01

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CVE

Cenovus Energy

$10.43

0.04 (0.38%)

12:30
01/23/18
01/23
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12:30
Options
Call buyers in Cenovus Energy as shares tick higher »

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UTX

United Technologies

$135.52

0.31 (0.23%)

12:28
01/23/18
01/23
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Technical Earnings Preview: United Technologies in uptrend before news »

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  • 24

    Jan

AGN

Allergan

$187.32

-0.83 (-0.44%)

12:25
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Options
Allergan call volume above normal and directionally bullish »

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  • 25

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  • 25

    Mar

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Conference/Events
Leerink healthcare services analysts hold an analyst/industry conference call »

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VZ

Verizon

$53.23

-0.235 (-0.44%)

12:22
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01/23
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12:22
Periodicals
Verizon giving employees 50 shares of restricted stock, CNBC reports »

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  • 23

    Jan

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    Jan

CHFN

Charter Financial

$18.13

-0.12 (-0.66%)

12:21
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Charter Financial raises quarterly dividend to 8c per share from 5c »

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FOX

21st Century Fox

$36.96

0.7 (1.93%)

, FOXA

21st Century Fox

$37.31

0.66 (1.80%)

12:20
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FOX

21st Century Fox

$36.96

0.7 (1.93%)

FOXA

21st Century Fox

$37.31

0.66 (1.80%)

SKYAY

Sky

$55.97

0.72 (1.30%)

03/08/13
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  • 07

    Feb

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    Feb

$NSD

NASDAQ Market Internals

12:17
01/23/18
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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NFLX

Netflix

$227.58

7.12 (3.23%)

, AMZN

Amazon.com

$1,327.31

32.73 (2.53%)

12:16
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Netflix's 'Mudbound' gets four Oscar noms, Amazon's 'The Big Sick' gets nod »

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NFLX

Netflix

$227.58

7.12 (3.23%)

AMZN

Amazon.com

$1,327.31

32.73 (2.53%)

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  • 30

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  • 18

    Mar

$NYE

NYSE Market Internals

12:16
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HPE

HP Enterprise

$16.46

0.41 (2.55%)

12:15
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Hewlett Packard Enterprise put volume heavy and directionally bearish »

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  • 01

    Feb

NFLX

Netflix

$227.58

7.12 (3.23%)

, TRV

Travelers

$145.27

5.92 (4.25%)

12:10
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Netflix

$227.58

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TRV

Travelers

$145.27

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VZ

Verizon

$53.31

-0.15 (-0.28%)

JNJ

Johnson & Johnson

$143.58

-4.565 (-3.08%)

PG

Procter & Gamble

$89.11

-2.78 (-3.03%)

TSLA

Tesla

$351.56

1.54 (0.44%)

RMD

ResMed

$103.82

16.306 (18.63%)

WHR

Whirlpool

$171.12

4.47 (2.68%)

TWTR

Twitter

$22.96

-0.36 (-1.54%)

INSM

Insmed

$30.86

1.58 (5.40%)

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UAL

United Continental

$76.96

0.09 (0.12%)

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RHHBY

Roche

$30.79

0.1 (0.33%)

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  • 01

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SQ

Square

$44.69

-0.6 (-1.32%)

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Square call volume above normal and directionally bullish »

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  • 26

    Jan

ATVI

Activision Blizzard

$71.30

0.73 (1.03%)

12:04
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Activision Blizzard analyst commentary  »

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  • 08

    Feb

MDCO

The Medicines Co.

$28.81

3.98 (16.03%)

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  • 23

    Jan

TRNC

tronc

$21.00

1.47 (7.53%)

12:01
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Tronc in talks for news partnership with Axios, WSJ says »

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  • 29

    Jan

CREE

Cree

$36.69

0.4 (1.10%)

11:59
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Technical Earnings Preview: Cree has a potential bearish pattern »

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