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QCOM

Qualcomm

$55.24

-0.1 (-0.18%)

, NXPI

NXP Semiconductors

$112.98

-0.17 (-0.15%)

06:45
04/19/18
04/19
06:45
04/19/18
06:45

China regulator says Qualcomm-NXP deal has 'hard to resolve' issues, WSJ reports

China's Commerce Ministry said its preliminary review of Qualcomm's (QCOM) $44B purchase of NXP Semiconductors (NXPI) found "related issues that are hard to resolve, making it difficult to eliminate the negative impact," the Wall Street Journal reports, citing Commerce Ministry spokesman Gao Feng, who did not rule out eventual approval. The remarks, which come amid trade turmoil between Washington and Beijing, didn't elaborate on the findings other than to say the agency reviewed the deal's effect on competitors and the market and looked at Qualcomm's proposed remedies. Reference Link

QCOM

Qualcomm

$55.24

-0.1 (-0.18%)

NXPI

NXP Semiconductors

$112.98

-0.17 (-0.15%)

  • 25

    Apr

QCOM Qualcomm
$55.24

-0.1 (-0.18%)

04/17/18
MSCO
04/17/18
NO CHANGE
Target $55
MSCO
Underweight
Qualcomm faces headwinds even if NXP deal gets approved, says Morgan Stanley
Morgan Stanley analyst James Faucette believes the market has built in a meaningful probability that China blocks Qualcomm's (QCOM) acquisition of NXP Semiconductors (NXPI), though he feels it is in China's best interest to approve the deal and he feels that is what will happen. However, even if the NXP deal gets approved, he continues to think the Apple (AAPL) lawsuit is unlikely to conclude before FY19 and he sees its as increasingly likely that licensing disputes with other non-paying OEM will be a persistent issue. Share gains made by MediaTek and the ZTE (ZTCOY) ban could create added EPS headwinds for Qualcomm, said Faucette, who maintains an Underweight rating on the stock.
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.
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.
04/05/18
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.
NXPI NXP Semiconductors
$112.98

-0.17 (-0.15%)

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.

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VTL

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VTL

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LNC

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DGLY

Digital Ally

$2.63

0.075 (2.94%)

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SNGX

Soligenix

$1.58

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HF

HFF Inc.

$35.34

0.08 (0.23%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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Closing CBOE SPX and VIX Index summary for May 25th »

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OMED

OncoMed

$2.81

0.06 (2.18%)

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MTEM

Molecular Templates

$7.02

0.34 (5.09%)

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  • 05

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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SPY

SPDR S&P 500 ETF Trust

$272.22

-0.65 (-0.24%)

, USO

United States Oil Fund

$13.68

-0.605 (-4.24%)

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SPY

SPDR S&P 500 ETF Trust

$272.22

-0.65 (-0.24%)

USO

United States Oil Fund

$13.68

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GLD

SPDR Gold Trust

$123.21

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FXE

Euro Currency Trust

$111.98

-0.62 (-0.55%)

FXC

CurrencyShares Canadian Dollar Trust

$76.07

-0.37 (-0.48%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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DIS

Disney

$102.20

0.1 (0.10%)

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FMSA

Fairmount Santrol

$5.51

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RMBL

RumbleON

$4.88

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UAVS

Ageagle Aerial Systems

$2.25

0.04 (1.81%)

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ARCI

Appliance Recycling

$0.82

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CIT

CIT Group

$51.62

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TRVG

Trivago

$4.81

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MGLN

Magellan Health

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LPI

Laredo Petroleum

$8.60

-0.765 (-8.17%)

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GE

General Electric

$14.57

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AZN

AstraZeneca

$37.03

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