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AVGO

Broadcom

$244.40

8.9 (3.78%)

, QCOM

Qualcomm

$65.66

1.67 (2.61%)

08:02
02/13/18
02/13
08:02
02/13/18
08:02

Broadcom seeks election of six, rather than 11, nominees to Qualcomm board

Broadcom (AVGO) announced that it will seek the election of six, rather than 11, nominees to the Qualcomm (QCOM) board of directors at Qualcomm's 2018 Annual Meeting scheduled to be held on March 6, 2018. If elected, these six highly qualified nominees would constitute a majority of Qualcomm's 11-person board. Electing a majority of new board members is the only way for Qualcomm stockholders to obtain the benefit of Broadcom's best and final offer for Qualcomm of $82 per share, which will be withdrawn following the determination of results at the 2018 Annual Meeting unless Broadcom has entered into a definitive agreement to acquire Qualcomm or Broadcom's six independent nominees are elected. The six nominees are Samih Elhage, David Golden, Veronica Hagen, Julie Hill, John Kispert and Harry You. By electing all of the Broadcom nominees, Qualcomm stockholders will direct a simple majority of the board to transact with Broadcom on its highly compelling proposal, while also ensuring that there is board continuity with the remaining five directors.

AVGO

Broadcom

$244.40

8.9 (3.78%)

QCOM

Qualcomm

$65.66

1.67 (2.61%)

AVGO Broadcom
$244.40

8.9 (3.78%)

01/31/18
BARD
01/31/18
NO CHANGE
BARD
Baird checks show Apple will bring Qorvo in on super PAD
Baird analyst Tristan Gerra say his firm's recent industry checks support the belief Apple (AAPL) will dual source the super PAD in 2018 and bring Qorvo (QRVO) in. Shares of Qorvo are up 37c to $71.04 in midday trading. Apple will have 3.5GHz in the second half of 2018, offering more capacity and benefiting carriers, Gerra tells investors in a research note. He also believes Broadcom (AVGO) is working on custom 802-11.ax for Apple, with Qualcomm (QCOM) being one year behind on .ax. Gerra added that the checks indicate Intel's (INTC) 7560 modem sampling is on track.
01/31/18
OPCO
01/31/18
NO CHANGE
Target $315
OPCO
Outperform
Oppenheimer remains long-term buyers of Broadcom
Oppenheimer analyst Rick Schafer says he remains a long-term buyer of Broadcom shares following this morning's "positive" preannouncement. The upside guidance amid "confirmed fears of soft wireless" is an "effective salve to investor worries," Schafer tells investors in a research note. He remains positive on the potential Qualcomm (QCOM) and continues to see combined earnings power well above $25 per share under conservative assumptions. The analyst has an Outperform rating on Avago with a $315 price target.
02/01/18
KEYB
02/01/18
NO CHANGE
Target $320
KEYB
Overweight
Broadcom preliminary results alleviate concerns regarding iPhone risk, says KeyBanc
KeyBanc analyst John Vinh says Broadcom (AVGO) updated its Q1 and Q2 outlook to slightly better than consensus expectations, alleviating concerns that weak Apple (AAPL) iPhone X demand could put estimates at risk. The analyst reiterates an Overweight rating and $320 price target on Broadcom's shares.
02/01/18
KEYB
02/01/18
NO CHANGE
Target $73
KEYB
Overweight
Qualcomm price target raised to $73 from $68 at KeyBanc
KeyBanc analyst Michael McConnell raised his price target for Qualcomm (QCOM) to $73 from $68, citing significant EPS accretion and end-market diversification away from mobile from the pending NXP Semiconductors (NPXI) acquisition, an attractive dividend yield, and the possibility for a higher bid from potential acquirer Broadcom (AVGO). The analyst reiterates an Overweight rating on Qualcomm's shares.
QCOM Qualcomm
$65.66

1.67 (2.61%)

02/01/18
NEED
02/01/18
NO CHANGE
Target $130
NEED
Strong Buy
NXP Semiconductors price target raised to $130 from $110 at Needham
Needham analyst Rajvindra Gill raised his price target on NXP Semiconductors (NXPI) to $130 and kept his Strong Buy rating, saying that Qualcomm (QCOM) interest in the company should be valued at that price point. Gill contends that the company's financial picture has improved with $8 of earnings expected in 2019, believes that NXP has lagged the rest of the semiconductor market, and sees it as critical for Qualcomm because of its exposure to the auto market.
02/08/18
BERN
02/08/18
NO CHANGE
Target $125
BERN
Market Perform
NXP Semiconductors results likely to bring Qualcomm deal price to a head, says Bernstein
Bernstein analyst Stacy Rasgon notes that NXP Semiconductors' (NXPI) Q4 results were "very strong," and wonders a bit how much upside might have been Apple (AAPL)-related given SCD and SII dynamics given obvious weakness in the latter's supply chain. The analyst believes NXP Semiconductors' strong results are likely to bring the Qualcomm (QCOM) deal price to a head, but could also make it easier for management to justify a higher price, and it does not appear challenging to justify higher levels even with the shares at a discount to the industry. Rasgon reiterates a Market Perform rating and $125 price target on NXP Semiconductors' shares.

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NWN

Northwest Natural Gas

$62.63

0.075 (0.12%)

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PG&E

$42.98

2.44 (6.02%)

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NWN

Northwest Natural Gas

$62.63

0.075 (0.12%)

PCG

PG&E

$42.98

2.44 (6.02%)

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ORLY

O'Reilly Automotive

$285.90

-1.18 (-0.41%)

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O'Reilly Automotive's O'Reilly sells 19,250 common shares »

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SJI

South Jersey Industries

$33.15

0.02 (0.06%)

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South Jersey Industries announces approval of Elizabethtown Gas purchase »

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WAAS

AquaVenture

$15.36

0.12 (0.79%)

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NSANY

Nissan

$0.00

(0.00%)

17:22
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17:22
Periodicals
Nissan chooses Thailand for hybrid's first export market, Nikkei reports »

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TROV

Trovagene

$0.81

-0.0068 (-0.83%)

17:22
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Hot Stocks
Trovagene CEO William Welch resigns, Dr. Thomas Adams named interim CEO »

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CVM

CEL-SCI

$3.26

0.005 (0.15%)

17:19
06/22/18
06/22
17:19
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17:19
Syndicate
Breaking Syndicate news story on CEL-SCI »

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ACM

Aecom

$33.49

-0.15 (-0.45%)

17:19
06/22/18
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Hot Stocks
Aecom to compete for $148.5M U.S. Army contract »

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LMT

Lockheed Martin

$298.95

-1.39 (-0.46%)

17:17
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Hot Stocks
Lockheed Martin awarded $175.3M U.S. Navy contract modification »

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LMT

Lockheed Martin

$298.95

-1.39 (-0.46%)

17:16
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Hot Stocks
Lockheed Martin awarded $1.12B U.S. Air Force contract »

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  • 22

    Jun

XLE

Energy Select Sector SPDR

$75.21

1.59 (2.16%)

, XLU

Utilities SPDR

$50.75

0.36 (0.71%)

17:14
06/22/18
06/22
17:14
06/22/18
17:14
General news
Week ending ETF Scorecard: Utilities and Real Estate advance, Industrials slump »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$75.21

1.59 (2.16%)

XLU

Utilities SPDR

$50.75

0.36 (0.71%)

IYR

DJ US Real Estate Index Fund

$80.69

0.56 (0.70%)

XLP

Consumer Staples Sector SPDR

$51.62

0.42 (0.82%)

XLY

Consumer Discretionary Sector SPDR

$111.34

-0.15 (-0.13%)

XLB

S&P Select Materials SPDR

$58.49

0.79 (1.37%)

XLF

Financial Select Sector

$27.07

-0.145 (-0.53%)

XLV

Health Care Select Sector SPDR

$84.91

0.35 (0.41%)

XLK

Technology Select Sector SPDR

$70.78

-0.24 (-0.34%)

XLI

Industrial Select Sector SPDR

$72.59

0.22 (0.30%)

GLD

SPDR Gold Trust

$120.33

0.27 (0.22%)

SLV

iShares Silver Trust

$15.49

0.135 (0.88%)

USO

United States Oil Fund

$14.02

0.71 (5.33%)

UNG

United States Natural Gas Fund

$23.87

-0.24 (-1.00%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$85.91

-0.015 (-0.02%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$113.99

0.105 (0.09%)

TLT

iShares 20+ Year Treasury Bond Fund

$120.57

0.06 (0.05%)

IEF

iShares 7-10 Year Treasury Bond ETF

$102.11

0.03 (0.03%)

SHY

iShares 1-3 Year Treasury Bond

$83.30

0.005 (0.01%)

IWD

iShares Russell 1000 Value

$122.51

0.56 (0.46%)

IWF

iShares Russell 1000 Growth

$146.24

-0.2 (-0.14%)

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PFNX

Pfenex

$5.43

0.14 (2.65%)

17:01
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Pfenex set to join Russell 2000 Index »

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BXE

Bellatrix Exploration

$1.00

-0.0101 (-1.00%)

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Syndicate
Breaking Syndicate news story on Bellatrix Exploration »

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LOGI

Logitech

$44.24

0.25 (0.57%)

16:56
06/22/18
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16:56
Initiation
Logitech initiated  »

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PAGS

PagSeguro Digital

$30.35

0.925 (3.14%)

16:51
06/22/18
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Breaking Hot Stocks news story on PagSeguro Digital »

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  • 22

    Jun

APLS

Apellis

$21.75

-0.2 (-0.91%)

16:50
06/22/18
06/22
16:50
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16:50
Conference/Events
Apellis to host research and development day »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$274.75

0.47 (0.17%)

16:50
06/22/18
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16:50
Periodicals
SEC investigates whether companies rounded up earnings, WSJ reports »

The U.S. Securites and…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$274.75

0.47 (0.17%)

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THRM

Gentherm

$38.20

-0.75 (-1.93%)

16:45
06/22/18
06/22
16:45
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16:45
Conference/Events
Gentherm to hold a strategic update »

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MGTX

MeiraGTx

$11.86

-0.97 (-7.56%)

16:43
06/22/18
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Breaking Hot Stocks news story on MeiraGTx »

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MDT

Medtronic

$86.80

0.51 (0.59%)

16:39
06/22/18
06/22
16:39
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16:39
Conference/Events
Medtronic to hold an analyst and investor briefing »

In conjunction with the…

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  • 22

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FOXA

21st Century Fox

$48.59

0.25 (0.52%)

, FOX

21st Century Fox

$48.28

0.31 (0.65%)

16:35
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Hot Stocks
21st Century Fox extends CFO John Nallen's employment contract to 2021 »

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FOXA

21st Century Fox

$48.59

0.25 (0.52%)

FOX

21st Century Fox

$48.28

0.31 (0.65%)

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FENC

Fennec

$10.97

0.5 (4.78%)

16:34
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Breaking Hot Stocks news story on Fennec »

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SBBP

Strongbridge Biopharma

$6.20

-0.15 (-2.36%)

16:33
06/22/18
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Breaking Hot Stocks news story on Strongbridge Biopharma »

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  • 25

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16:30
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Options
Preliminary option volume of 16.8M today »

Preliminary option volume…

COOL

PolarityTE

$38.91

-0.09 (-0.23%)

16:28
06/22/18
06/22
16:28
06/22/18
16:28
Conference/Events
PolarityTE to hold a meeting »

Management hosts a Key…

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