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NXPI

NXP Semiconductors

$113.03

1.58 (1.42%)

, QCOM

Qualcomm

$59.47

0.23 (0.39%)

18:27
06/14/18
06/14
18:27
06/14/18
18:27

NXP Semiconductors up 9.8% after report of China's approval of Qualcomm bid

Qualcomm is also up 1.9% afterhours.

NXPI

NXP Semiconductors

$113.03

1.58 (1.42%)

QCOM

Qualcomm

$59.47

0.23 (0.39%)

  • 10

    Jul

  • 12

    Jul

NXPI NXP Semiconductors
$113.03

1.58 (1.42%)

05/29/18
MSCO
05/29/18
NO CHANGE
Target $127.5
MSCO
Equal Weight
NXP Semiconductors / Qualcomm deal still likely to happen, says Morgan Stanley
Morgan Stanley analyst Craig Hettenbach kept his Equal Weight rating and $127.50 price target on NXP Semiconductors (NXPI), saying his base case scenario remains that the deal with Qualcomm (QCOM) will be approved by China's Commerce Ministry. The analyst adds that China regulators' stance may be determined by the nature of the resolution around the ban on imports for ZTE (ZTCOY), which will be a "key development to monitor". Hettenbach also expects any extension of the merger date to result in a 8% decline for NXP Semiconductors stock price, while an outright rejection would see the stock down in $88-$96 per share range.
06/11/18
RHCO
06/11/18
DOWNGRADE
RHCO
Hold
NXP Semiconductors downgraded to Hold from Buy at SunTrust
06/11/18
RHCO
06/11/18
DOWNGRADE
Target $119
RHCO
Hold
NXP Semiconductors downgraded to Hold at SunTrust on valuation
As reported earlier, SunTrust analyst William Stein downgraded NXP Semiconductors (NXPI) to Hold from Buy and kept his $119 price target, saying the current stock price is above fair value and demands "an explicit view" that the Qualcomm (QCOM) bid will receive approval from China regulators. Stein notes that currently, the likelihood of such approval would be "only a guess", but adds that the run-up in the stock price since his April upgrade was in response to a sentiment shift over trade negotiations with China, which has been "robust". The analyst further states that last week's agreement between the U.S. government and ZTE (ZTCOY) has made sentiment around the Qualcomm bid "sanguine".
06/11/18
06/11/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SemGroup (SEMG) downgraded to Market Perform from Outperform at Wells Fargo with analyst Michael Blum saying he believes its growth trajectory is mostly reflected in valuation. 2. Host Hotels (HST) and Park Hotels (PK) were downgraded to Sell from Neutral at Goldman Sachs, Host Hotels was also downgraded to In Line from Outperform at Evercore ISI. 3. NXP Semiconductors (NXPI) downgraded to Hold from Buy at SunTrust with analyst William Stein saying the current stock price is above fair value and demands "an explicit view" that the Qualcomm (QCOM) bid will receive approval from China regulators. 4. Nektar (NKTR) downgraded to Neutral from Buy at H.C. Wainwright with analyst Debjit Chattopadhyay saying an updated cut of NKTR-214 data presented at an investor conference on June 06, does not assuage fears on the outlook of NKTR-214 in the post ECHO-301, immuno-oncology combination therapy landscape. 5. DDR Corp. (DDR) downgraded to Underperform from In Line at Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
QCOM Qualcomm
$59.47

0.23 (0.39%)

05/30/18
RSBL
05/30/18
NO CHANGE
RSBL
Smartphone supply chain may have some upside in Q2, says Rosenblatt
Rosenblatt analyst Jun Zhang believes there may be some upside for the smartphone supply chain during Q2 despite conservative guidance from many component providers given the early ramp of production for a new iPhone from Apple (AAPL) at the beginning of August. He also believes Chinese OEMs recently increased their component orders as previous forecasts were too pessimistic and sell through of new smartphone models is getting slightly better. Publicly traded semiconductor makers include Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).
06/05/18
06/05/18
NO CHANGE

Qualcomm announces joint effort with Sprint to offer unlimited data
Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a joint effort with Sprint (S) for Sprint to offer its customers free unlimited data in 2018 with AutoPay on Qualcomm Snapdragon Always Connected PCs from Asus, HP and Lenovo. Consumers expect an always-connected computing experience, and this offer is set to change the way people work, create and play on mobile PC devices as the ultrathin and 2-in-1 device category grows.
06/08/18
CHLM
06/08/18
NO CHANGE
Target $330
CHLM
Buy
Broadcom remains a 'free cash flow machine,' says Craig-Hallum
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating and $330 price target on Broadcom (AVGO) following its Q2 earnings report, calling the company a free cash flow generating "machine." Stoss said in a research note that although management seemed to paint a more muted picture in the near-term, he is looking for a strong second half of the year driven by a rebound in their wireless business in connection with Apple's (AAPL) next generation phone ramp, and expects Broadcom to pursue smaller M&A with Qualcomm (QCOM) now in the rearview mirror.

TODAY'S FREE FLY STORIES

FPAY

FlexShopper

$1.16

-0.69 (-37.30%)

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IGC

IGC, Inc

$2.32

-0.22 (-8.66%)

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DAL

Delta Air Lines

$57.10

-0.33 (-0.57%)

20:32
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SPY

SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

, SPX

S&P 500

$0.00

(0.00%)

20:32
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SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

SPX

S&P 500

$0.00

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ARCE

Arco Platform

$0.00

(0.00%)

20:31
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09/25
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20:31
Syndicate
Arco Platform 11.111M share IPO priced at $17.50 »

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KMX

CarMax

$75.87

-0.01 (-0.01%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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AINC

Ashford

$75.95

-11.75 (-13.40%)

20:23
09/25/18
09/25
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20:23
Syndicate
Ashford 270K share Secondary priced at $74.50 »

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  • 27

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ANAB

AnaptysBio

$94.68

-7.25 (-7.11%)

20:21
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Syndicate
AnaptysBio 2.2M share Secondary priced at $94.46 »

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  • 26

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SF

Stifel Financial

$53.96

-0.08 (-0.15%)

20:01
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09/25
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Hot Stocks
Stifel Financial and Everbright Sun Hung Kai establish strategic partnership »

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  • 25

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I

Intelsat

$27.08

4.365 (19.22%)

19:59
09/25/18
09/25
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19:59
Hot Stocks
Intelsat and Azercosmos announce successful satellite launch »

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SKY

Skyline

$30.88

0.66 (2.18%)

19:49
09/25/18
09/25
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Hot Stocks
Breaking Hot Stocks news story on Skyline »

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  • 26

    Sep

KBH

KB Home

$25.29

-0.24 (-0.94%)

, AIR

AAR Corp.

$46.03

1.04 (2.31%)

19:28
09/25/18
09/25
19:28
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: KB…

KBH

KB Home

$25.29

-0.24 (-0.94%)

AIR

AAR Corp.

$46.03

1.04 (2.31%)

VSTM

Verastem

$7.15

-1.74 (-19.57%)

CGIX

Cancer Genetics

$1.22

-0.01 (-0.81%)

VNDA

Vanda Pharmaceuticals

$20.70

0.3 (1.47%)

NLSN

Nielsen

$27.21

0.055 (0.20%)

CYH

Community Health

$3.41

-0.08 (-2.29%)

AUPH

Aurinia Pharmaceuticals

$5.89

0.02 (0.34%)

GOOS

Canada Goose

$58.00

-0.04 (-0.07%)

ABBV

AbbVie

$93.78

0.34 (0.36%)

NKE

Nike

$84.79

0.52 (0.62%)

CTAS

Cintas

$212.99

1.81 (0.86%)

LULU

Lululemon

$158.42

1.04 (0.66%)

CONE

CyrusOne

$64.65

-0.6 (-0.92%)

03/08/13
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03/06/13
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  • 25

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  • 26

    Sep

CBS

CBS

$56.54

-0.07 (-0.12%)

19:19
09/25/18
09/25
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19:19
Hot Stocks
CBS names Richard Parsons interim chairman »

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  • 27

    Sep

ZUMZ

Zumiez

$27.00

-0.55 (-2.00%)

19:09
09/25/18
09/25
19:09
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19:09
Initiation
Zumiez initiated  »

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ROST

Ross Stores

$97.54

0.26 (0.27%)

, TJX

TJX

$110.33

0.605 (0.55%)

19:03
09/25/18
09/25
19:03
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19:03
Initiation
Ross Stores, TJX initiated  »

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ROST

Ross Stores

$97.54

0.26 (0.27%)

TJX

TJX

$110.33

0.605 (0.55%)

03/08/13
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  • 25

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MNOV

MediciNova

$11.68

-0.17 (-1.43%)

19:01
09/25/18
09/25
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Hot Stocks
MediciNova announces 'positive' FDA feedback on Phase 3 plan for MN-166 »

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PVH

PVH Corp.

$140.00

-0.56 (-0.40%)

18:58
09/25/18
09/25
18:58
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18:58
Initiation
PVH Corp. initiated  »

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  • 02

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GOOS

Canada Goose

$58.00

-0.04 (-0.07%)

18:50
09/25/18
09/25
18:50
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18:50
Initiation
Canada Goose initiated at DA Davidson »

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PM

Philip Morris

$79.91

-0.55 (-0.68%)

18:47
09/25/18
09/25
18:47
09/25/18
18:47
Periodicals
Philip Morris hits streets to sell older smokers on new devices, Bloomberg says »

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  • 27

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URBN

Urban Outfitters

$40.06

-0.32 (-0.79%)

18:45
09/25/18
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Initiation
Urban Outfitters initiated at DA Davidson »

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  • 26

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  • 03

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SVMK

SurveyMonkey

$0.00

(0.00%)

18:35
09/25/18
09/25
18:35
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18:35
Syndicate
SurveyMonkey 15M share IPO priced at $12.00 »

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  • 26

    Sep

LULU

Lululemon

$158.42

1.04 (0.66%)

18:34
09/25/18
09/25
18:34
09/25/18
18:34
Initiation
Lululemon initiated at DA Davidson »

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ROL

Rollins

$62.46

0.74 (1.20%)

, ANDV

Andeavor

$157.60

-1.41 (-0.89%)

18:30
09/25/18
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Hot Stocks
S&P announces changes to S&P 400, 500, 600 indices »

S&P Dow Jones Indices…

ROL

Rollins

$62.46

0.74 (1.20%)

ANDV

Andeavor

$157.60

-1.41 (-0.89%)

INGN

Inogen

$258.49

5.5 (2.17%)

VNDA

Vanda Pharmaceuticals

$20.70

0.3 (1.47%)

MPC

Marathon Petroleum

$85.04

-0.78 (-0.91%)

GTX

Garrett Motion

$0.00

(0.00%)

ACET

Aceto

$2.83

-0.09 (-3.08%)

HON

Honeywell

$165.59

0.12 (0.07%)

03/08/13
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TJX

TJX

$110.33

0.605 (0.55%)

18:27
09/25/18
09/25
18:27
09/25/18
18:27
Initiation
TJX initiated at DA Davidson »

TJX initiated with a Buy…

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CYH

Community Health

$3.41

-0.08 (-2.29%)

18:25
09/25/18
09/25
18:25
09/25/18
18:25
Hot Stocks
Breaking Hot Stocks news story on Community Health »

Community Health up 3.2%…

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