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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stockholders to obtain the benefit of Broadcom's best and final offer for Qualcomm of $82 per share, which will be withdrawn following the determination of results at the 2018 Annual Meeting unless Broadcom has entered into a definitive agreement to acquire Qualcomm or Broadcom's six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%)

  • 06

    Mar

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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TECK

Teck Resources

$29.75

-0.58 (-1.91%)

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TECK

Teck Resources

$29.75

-0.58 (-1.91%)

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CMG

Chipotle

$305.63

18.98 (6.62%)

22:13
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Chipotle rating change at Stifel »

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CMG

Chipotle

$305.63

18.98 (6.62%)

22:12
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H

Hyatt

$79.73

-0.02 (-0.03%)

22:09
02/19/18
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22:09
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22:09
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Hyatt rating change at Evercore ISI »

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  • 25

    Mar

H

Hyatt

$79.73

-0.02 (-0.03%)

22:09
02/19/18
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    Mar

FLS

Flowserve

$44.05

1.18 (2.75%)

22:07
02/19/18
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22:07
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Flowserve rating change at RBC Capital »

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  • 22

    Feb

FLS

Flowserve

$44.05

1.18 (2.75%)

22:07
02/19/18
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22:07
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  • 22

    Feb

ANAB

AnaptysBio

$126.45

6.59 (5.50%)

, SNY

Sanofi

$39.91

0.19 (0.48%)

20:02
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$126.45

6.59 (5.50%)

SNY

Sanofi

$39.91

0.19 (0.48%)

REGN

Regeneron

$332.15

-1.03 (-0.31%)

SNAP

Snap

$20.42

0.67 (3.39%)

GE

General Electric

$15.05

0.2 (1.35%)

DIS

Disney

$106.53

1.35 (1.28%)

GOOG

Alphabet

$1,094.80

5.28 (0.48%)

GOOGL

Alphabet Class A

$1,095.50

4.14 (0.38%)

LRCX

Lam Research

$187.91

2.2 (1.18%)

C

Citi

$76.82

-0.26 (-0.34%)

CMI

Cummins

$165.60

0.58 (0.35%)

JPM

JPMorgan

$114.68

-0.83 (-0.72%)

JNJ

Johnson & Johnson

$133.15

1.92 (1.46%)

WMT

Walmart

$104.78

1.55 (1.50%)

PFE

Pfizer

$36.26

0.55 (1.54%)

CSCO

Cisco

$44.33

0.25 (0.57%)

ABBV

AbbVie

$118.60

3.7 (3.22%)

PEP

PepsiCo

$111.06

0.09 (0.08%)

MMM

3M

$236.67

1.8 (0.77%)

BMY

Bristol-Myers

$68.96

-0.02 (-0.03%)

UTX

United Technologies

$129.26

-0.74 (-0.57%)

TXN

Texas Instruments

$104.47

-0.1 (-0.10%)

ABT

Abbott

$60.17

0.67 (1.13%)

HOV

Hovnanian

$2.24

0.12 (5.66%)

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CUB

Cubic

19:34
02/19/18
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Cubic names president, CEO Bradley Feldmann as Chairman of the Board »

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    Jun

HCLP

Hi-Crush Partners

$12.40

0.25 (2.06%)

19:10
02/19/18
02/19
19:10
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19:10
Earnings
Breaking Earnings news story on Hi-Crush Partners »

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  • 20

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HCLP

Hi-Crush Partners

$12.40

0.25 (2.06%)

19:08
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Earnings
Hi-Crush Partners reports Q4 diluted EPS 47c, consensus 51c »

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  • 20

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FSS

Federal Signal

$19.40

0.15 (0.78%)

19:04
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Federal Signal declares dividend of 7c per share »

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BCE

BCE

$44.49

-0.02 (-0.04%)

19:03
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BCE reports results of Series AC, AD Preferred Share conversions »

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  • 26

    Feb

PRGX

PRGX Global

$7.95

0.35 (4.61%)

18:38
02/19/18
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  • 23

    May

CRMT

America's Car-Mart

$46.25

0.6 (1.31%)

18:37
02/19/18
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18:37
Earnings
America's Car-Mart reports Q3 revenue $$147M, consensus $136.24M »

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  • 20

    Feb

TAX

Liberty Tax

18:30
02/19/18
02/19
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Liberty Tax Service taps Nicole Ossenfort to be CEO »

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TAX

Liberty Tax

18:29
02/19/18
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Shaun York to be Chief Operating Officer for Liberty Tax Service »

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TAX

Liberty Tax

18:28
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Liberty Tax names Ryan Dodson Chief Strategy Officer »

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HLX

Helix Energy

18:27
02/19/18
02/19
18:27
02/19/18
18:27
Earnings
Helix Energy reports Q4 EPS 34c, may not compare consensus (1C) »

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  • 20

    Feb

EMES

Emerge Energy

$7.77

0.12 (1.57%)

, CNI

Canadian National

$76.18

-0.68 (-0.88%)

18:17
02/19/18
02/19
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18:17
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Emerge Energy Services responds to industry-wide railroad service issues »

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EMES

Emerge Energy

$7.77

0.12 (1.57%)

CNI

Canadian National

$76.18

-0.68 (-0.88%)

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