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QCOM

Qualcomm

$55.20

0.19 (0.35%)

, NXPI

NXP Semiconductors

$114.17

-1.71 (-1.48%)

07:31
04/13/18
04/13
07:31
04/13/18
07:31

Qualcomm extends cash offer for NXP Semiconductors to April 20

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, as amended. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on April 20, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.

QCOM

Qualcomm

$55.20

0.19 (0.35%)

NXPI

NXP Semiconductors

$114.17

-1.71 (-1.48%)

QCOM Qualcomm
$55.20

0.19 (0.35%)

04/05/18
UBSW
04/05/18
INITIATION
Target $56
UBSW
Neutral
Qualcomm initiated with a Neutral at UBS
UBS analyst Timothy Arcuri started Qualcomm with a Neutral rating and $56 price target, calling it a "show-me story."
04/05/18
04/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Spotify (SPOT) initiated with a Buy at Canaccord and Stifel. 2. Trade Desk (TTD) initiated with an Overweight at Piper Jaffray. 3. Saul Centers (BFS) initiated with a Neutral at B. Riley FBR. 4. Capital One (COF) and American Express (AXP) were initiated with a Buy at Citi while Discover (DFS) and Synchrony (SYF) were initiated with a Neutral. 5. Intel (INTC) initiated with a Buy at UBS while Qualcomm (QCOM) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/18
SBSH
04/12/18
INITIATION
Target $127.5
SBSH
Neutral
NXP Semiconductors resumed with a Neutral at Citi
Citi analyst Christopher Danely resumed coverage of NXP Semiconductors (NXPI) with a Neutral rating and $127.50 price target. The analyst expects Qualcomm (QCOM) to close the acquisition of NXP at the current proposed price of $127.50 per share. He believes, however, that there is "some potential for the deal to break due to approval from China given the trade war." If the deal falls apart, Danely expects NXP shares to trade to $90.
04/12/18
SBSH
04/12/18
INITIATION
Target $58
SBSH
Neutral
Qualcomm resumed with a Neutral at Citi
Citi analyst Christopher Danely resumed coverage of Qualcomm (QCOM) with a Neutral rating and $58 price target. The analyst believes the proposed acquisition of NXP Semiconductors (NXPI) could eventually drive earnings accretion of roughly 44% or $1.52, but he does not have confidence in the $500M in synergies. Danely expects a host of integration difficulties given differences in manufacturing, customer base, and NXP's merger with Freescale.
NXPI NXP Semiconductors
$114.17

-1.71 (-1.48%)

03/15/18
DBAB
03/15/18
INITIATION
Target $60
DBAB
Hold
Qualcomm resumed with a Hold at Deutsche Bank
Deutsche Bank analyst Ross Seymore resumed coverage of Qualcomm (QCOM) with a Hold rating and $60 price target. The analyst expects the shares to remain range-bound given the slowing pace of smartphone growth, potential for share loss in QCT, and ongoing litigation pressuring the QTL business. He sees these partially offset by accretion from the acquisition of NXP Semiconductors (NXPI).
03/19/18
MSCO
03/19/18
INITIATION
Target $127.5
MSCO
Equal Weight
NXP Semiconductors reinitiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Craig Hettenbach resumed coverage on NXP Semiconductors (NXPI) with an Equal Weight and $127.50 price target.

TODAY'S FREE FLY STORIES

FMS

Fresenius Medical

$41.12

-8.74 (-17.53%)

, NXTM

NxStage Medical

$27.50

-0.72 (-2.55%)

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  • 23

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TPR

Tapestry

$44.20

-0.28 (-0.63%)

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  • 19

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ABX

Barrick Gold

$12.84

0.09 (0.71%)

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SEED

Origin Agritech

$5.84

0.03 (0.52%)

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EBR

Centrais Electricas

$5.42

-0.43 (-7.35%)

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CVIA

Covia

$6.75

-0.83 (-10.95%)

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FMS

Fresenius Medical

$41.00

-8.865 (-17.78%)

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GSC

Global Geoscience

$26.00

(0.00%)

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DISCB

Discovery Inc.

$34.00

(0.00%)

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GRAM

Grana y Montero

$2.95

(0.00%)

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WGO

Winnebago

$36.50

4.72 (14.85%)

10:00
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  • 17

    Oct

TLRY

Tilray

$148.37

-9.77 (-6.18%)

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CNTTF

CannTrust Holdings

$0.00

(0.00%)

, TLRY

Tilray

$148.37

-9.77 (-6.18%)

09:58
10/17/18
10/17
09:58
10/17/18
09:58
Periodicals
Congressman issues 'Blueprint to Legalize Marijuana' in 2019, Forbes reports »

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CNTTF

CannTrust Holdings

$0.00

(0.00%)

TLRY

Tilray

$148.37

-9.77 (-6.18%)

CRON

Cronos Group

$10.27

-1.23 (-10.70%)

CANN

General Cannabis

$0.00

(0.00%)

ACBFF

Aurora Cannabis

$0.00

(0.00%)

IGC

India Globalization Capital

$4.12

-0.38 (-8.44%)

CGC

Canopy Growth

$49.33

-3.63 (-6.85%)

CVSI

CV Sciences

$0.00

(0.00%)

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  • 24

    Oct

  • 14

    Nov

  • 29

    Nov

TLRY

Tilray

$146.52

-11.62 (-7.35%)

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Tilray CEO says cannabis could disrupt $150B-$200B from other markets »

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DISCB

Discovery Inc.

$34.00

(0.00%)

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Breaking Hot Stocks news story on Discovery Inc. »

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SHOP

Shopify

$138.20

-7.75 (-5.31%)

09:55
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Options
Shopify put volume heavy and directionally bearish »

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  • 25

    Oct

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    Nov

NFLX

Netflix

$366.40

20 (5.77%)

, UAL

United Continental

$87.23

3.72 (4.45%)

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Options
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NFLX

Netflix

$366.40

20 (5.77%)

UAL

United Continental

$87.23

3.72 (4.45%)

LRCX

Lam Research

$149.48

4.15 (2.86%)

GE

General Electric

$12.42

0.325 (2.69%)

AAL

American Airlines

$34.52

1.22 (3.66%)

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  • 17

    Oct

  • 25

    Oct

  • 13

    Nov

09:55
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General news
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Conference/Events
The Brookings Institution to hold a discussion »

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FMS

Fresenius Medical

$40.90

-8.96 (-17.97%)

09:53
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Hot Stocks
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MRCY

Mercury Systems

$49.91

-1.57 (-3.05%)

, SMCI

Super Micro Computer

$0.00

(0.00%)

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MRCY

Mercury Systems

$49.91

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SMCI

Super Micro Computer

$0.00

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  • 30

    Oct

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PVTL

Pivotal Software

$17.82

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FMS

Fresenius Medical

$41.00

-8.86 (-17.77%)

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CVIA

Covia

$6.78

-0.8 (-10.55%)

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