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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

GD

General Dynamics

$195.97

0.17 (0.09%)

17:09
06/18/18
06/18
17:09
06/18/18
17:09
Hot Stocks
General Dynamics awarded $225M U.S. Navy contract modification »

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ARQL

ArQule

$5.00

(0.00%)

17:09
06/18/18
06/18
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17:09
Hot Stocks
Breaking Hot Stocks news story on ArQule »

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HRS

Harris

$149.36

0.07 (0.05%)

, MSI

Motorola Solutions

$115.50

0.98 (0.86%)

17:07
06/18/18
06/18
17:07
06/18/18
17:07
Hot Stocks
Harris, Motorola Solutions to compete for $495M contract from U.S. Army »

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HRS

Harris

$149.36

0.07 (0.05%)

MSI

Motorola Solutions

$115.50

0.98 (0.86%)

03/08/13
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  • 18

    Jun

CNS

Cohen & Steers

$42.16

0.32 (0.76%)

17:04
06/18/18
06/18
17:04
06/18/18
17:04
Hot Stocks
Cohen & Steers reduces fees for MLP & Energy fund by 0.2pts to 0.8% »

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IIPR

Innovative Industrial Properties

$34.96

-0.78 (-2.18%)

17:03
06/18/18
06/18
17:03
06/18/18
17:03
Syndicate
Breaking Syndicate news story on Innovative Industrial Properties »

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CDTI

CDTi

$0.68

0.016 (2.42%)

17:02
06/18/18
06/18
17:02
06/18/18
17:02
Syndicate
CDTi to commence rights offering to raise approximately $3.4M »

CDTi Advanced Materials…

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BSM

Black Stone Minerals

$18.20

0.1 (0.55%)

17:02
06/18/18
06/18
17:02
06/18/18
17:02
Hot Stocks
Black Stone Minerals names Jeff Wood president »

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TROV

Trovagene

$0.83

0.0165 (2.04%)

16:55
06/18/18
06/18
16:55
06/18/18
16:55
Hot Stocks
Breaking Hot Stocks news story on Trovagene »

Bigger Capital Fund…

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EVH

Evolent Health

$23.30

0.05 (0.22%)

16:52
06/18/18
06/18
16:52
06/18/18
16:52
Recommendations
Evolent Health analyst commentary  »

Evolent Health Deaconess…

03/08/13
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RYTM

Rhythm Pharmaceuticals

$28.81

-3.8 (-11.65%)

16:50
06/18/18
06/18
16:50
06/18/18
16:50
Syndicate
Breaking Syndicate news story on Rhythm Pharmaceuticals »

Rhythm Pharmaceuticals…

03/08/13
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03/08/13
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  • 25

    Jun

CC

Chemours

$48.62

-0.84 (-1.70%)

16:47
06/18/18
06/18
16:47
06/18/18
16:47
Hot Stocks
Chemours announces global price increase of up to 15% for all grades of Vazo »

Chemours announced a…

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ACAD

Acadia

$15.82

0.05 (0.32%)

16:45
06/18/18
06/18
16:45
06/18/18
16:45
Hot Stocks
Breaking Hot Stocks news story on Acadia »

Point72 Asset Management…

03/08/13
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  • 25

    Jun

TAX

Liberty Tax

$8.40

-0.4 (-4.55%)

16:40
06/18/18
06/18
16:40
06/18/18
16:40
Hot Stocks
Liberty Tax receives noncompliance letter from Nasdaq »

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CNK

Cinemark

$36.17

0.37 (1.03%)

, AMC

AMC Entertainment

$16.00

0.4 (2.56%)

16:38
06/18/18
06/18
16:38
06/18/18
16:38
Hot Stocks
Cinemark and Cineworld acquire remaining stake in NationalCineMedia for $156.8M »

Cineworld Group and…

CNK

Cinemark

$36.17

0.37 (1.03%)

AMC

AMC Entertainment

$16.00

0.4 (2.56%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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DLX

Deluxe

$68.36

0.59 (0.87%)

16:38
06/18/18
06/18
16:38
06/18/18
16:38
Earnings
Deluxe backs FY18 adjusted EPS view $5.60-$5.80, consensus $5.71 »

Cuts FY18 revenue view to…

03/08/13
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DLX

Deluxe

$68.36

0.59 (0.87%)

16:37
06/18/18
06/18
16:37
06/18/18
16:37
Earnings
Deluxe backs Q2 adjusted EPS view $1.29-$1.35, consensus $1.31 »

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DLX

Deluxe

$68.36

0.59 (0.87%)

16:36
06/18/18
06/18
16:36
06/18/18
16:36
Hot Stocks
Deluxe enters pact to buy treasury management business »

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OBSV

ObsEva

$17.21

2.68 (18.44%)

16:35
06/18/18
06/18
16:35
06/18/18
16:35
Syndicate
ObsEva files to sell 4.75M shares of common stock »

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  • 18

    Jun

TAX

Liberty Tax

$8.40

-0.4 (-4.55%)

16:35
06/18/18
06/18
16:35
06/18/18
16:35
Hot Stocks
Liberty Tax names Michael Piper CFO »

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SLGL

Sol-Gel Technologies

$8.50

(0.00%)

16:35
06/18/18
06/18
16:35
06/18/18
16:35
Hot Stocks
Sol-Gel Technologies initiates phase 3 program for Papulopustular Rosacea »

Sol-Gel Technologies…

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  • 20

    Jun

OMP

Oasis Midstream Partners

$17.59

0.3 (1.74%)

16:33
06/18/18
06/18
16:33
06/18/18
16:33
Hot Stocks
Oasis Midstream Partners signs multiple 3rd party agreements in Williston Basin »

Oasis Midstream Partners…

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  • 18

    Jun

CL

Colgate-Palmolive

$63.30

-1.43 (-2.21%)

16:32
06/18/18
06/18
16:32
06/18/18
16:32
Hot Stocks
Colgate-Palmolive announces $5B share repurchase program »

The Board of Directors…

03/08/13
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R

Ryder

$73.69

0.49 (0.67%)

16:31
06/18/18
06/18
16:31
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16:31
Hot Stocks
Ryder acquires Metro Truck & Tractor Leasing, terms not stated »

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CL

Colgate-Palmolive

$63.30

-1.43 (-2.21%)

16:30
06/18/18
06/18
16:30
06/18/18
16:30
Hot Stocks
Breaking Hot Stocks news story on Colgate-Palmolive »

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16:30
06/18/18
06/18
16:30
06/18/18
16:30
Options
Preliminary option volume of 17.3M today »

Preliminary option volume…

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