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QCOM

Qualcomm

$58.32

1.01 (1.76%)

, NXPI

NXP Semiconductors

$108.43

0.63 (0.58%)

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

Qualcomm extends cash offer for NXP Semiconductors to July 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 July 20, 2018, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.

QCOM

Qualcomm

$58.32

1.01 (1.76%)

NXPI

NXP Semiconductors

$108.43

0.63 (0.58%)

  • 25

    Jul

QCOM Qualcomm
$58.32

1.01 (1.76%)

07/12/18
ADAM
07/12/18
NO CHANGE
Target $335
ADAM
Buy
'Unexpected' proposed CA deal expands Broadcom's TAM, says Canaccord
Canaccord analyst T. Michael Walkley reiterated a Buy rating and $335 price target on Broadcom (AVGO) following its "unexpected" $18.9B bid to buy CA Technologies (CA), telling investors in a research note that post its failed bid for Qualcomm (QCOM), Broadcom remains committed to generating double digit earnings growth through share buybacks, acquisitions and organic growth. Though Broadcom has previously focused acquisitions on semiconductor companies in the wireless, wired and storage markets, the analyst says the proposed CA acquisition expands Broadcom's TAM, adds recurring revenue with higher margins and pivots Broadcom's focus to acquiring mission critical technology companies outside of just the semiconductor market.
06/27/18
NORL
06/27/18
NO CHANGE
NORL
Underperform
Intel could lose spot as second modem source at Apple, says Northland
Northland analyst Gus Richard said earlier that contacts he spoke with at the Design Automation conference indicated that that MediaTek might become the second source to Qualcomm (QCOM) at Apple (AAPL) for modems, displacing Intel (INTC). Additionally, while it has been rumored in the press previously that Apple is working on its own CPU for its notebooks to replace the Intel chip it currently uses, Richard said this rumor was confirmed by one contact. Richard maintains an Underperform rating on Intel shares, which are down 1.2% to $49.06 in afternoon trading.
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".
06/08/18
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.
NXPI NXP Semiconductors
$108.43

0.63 (0.58%)

07/10/18
CHLM
07/10/18
NO CHANGE
Target $30
CHLM
Buy
Possible eSim win with Apple coming for STMicroelectronics, says Craig-Hallum
Craig-Hallum analyst Anthony Stoss believes STMicroelectronics (STM) may have won a slot for its new eSIM combo chip in the upcoming new Apple (AAPL) iPhones to be launched this fall. Based on his checks, the analyst thinks it is likely that Apple will move to eSIM technology, though Apple could change that decision and keep carrier specific SIM cards. STMicroelectronics would be potentially knocking out NXP Semiconductors (NXPI) as the NFC supplier to Apple. Moreover, Stoss thinks STMicroelectronics continues to win new business at a "phenomenal pace," with several new high-volume wins still underappreciated by the Street. He reiterates a Buy rating and $30 price target on STMicroelectronics shares.
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.
06/11/18
RHCO
06/11/18
DOWNGRADE
RHCO
Hold
NXP Semiconductors downgraded to Hold from Buy at SunTrust

TODAY'S FREE FLY STORIES

CNXN

Connection

$34.08

(0.00%)

10:03
07/16/18
07/16
10:03
07/16/18
10:03
Downgrade
Connection rating change  »

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TSLA

Tesla

$308.63

-10.17 (-3.19%)

10:01
07/16/18
07/16
10:01
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10:01
Technical Analysis
Technical Take: Tesla has a small potential bearish pattern »

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10:01
07/16/18
07/16
10:01
07/16/18
10:01
General news
Business Inventories data reported »

May Business Inventories…

SBH

Sally Beauty

$15.59

-0.78 (-4.76%)

10:00
07/16/18
07/16
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Hot Stocks
Sally Beauty falls -4.9% »

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  • 11

    Sep

ADS

Alliance Data

$229.04

-14.45 (-5.93%)

10:00
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  • 19

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    Aug

RDY

Dr. Reddy's

$30.50

-2.76 (-8.30%)

10:00
07/16/18
07/16
10:00
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10:00
Hot Stocks
Dr. Reddy's falls -8.1% »

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DWT

Britannia Bulk

$7.20

0.39 (5.73%)

10:00
07/16/18
07/16
10:00
07/16/18
10:00
Hot Stocks
Britannia Bulk rises 5.6% »

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QEP

QEP Resources

$12.34

-0.42 (-3.29%)

10:00
07/16/18
07/16
10:00
07/16/18
10:00
Options
3K Qep Resources Aug 13 - 14 call spreads bought for 33c »

3K Qep Resources Aug 13 -…

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  • 26

    Jul

  • 19

    Aug

DB

Deutsche Bank

$12.11

0.865 (7.70%)

10:00
07/16/18
07/16
10:00
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10:00
Hot Stocks
Deutsche Bank rises 7.7% »

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ARNC

Arconic

$19.17

1.78 (10.24%)

10:00
07/16/18
07/16
10:00
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10:00
Hot Stocks
Arconic rises 10.3% »

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03/08/13
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HMC

Honda

$29.29

-0.01 (-0.03%)

09:55
07/16/18
07/16
09:55
07/16/18
09:55
Downgrade
Honda rating change  »

Honda downgraded to…

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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  • 10

    Sep

VFC

VF Corp.

$87.06

2.22 (2.62%)

, PNC

PNC Financial

$139.80

2.46 (1.79%)

09:55
07/16/18
07/16
09:55
07/16/18
09:55
Options
Early notable gainers among liquid option names on July 16th »

Notable gainers among…

VFC

VF Corp.

$87.06

2.22 (2.62%)

PNC

PNC Financial

$139.80

2.46 (1.79%)

C

Citi

$68.39

1.39 (2.07%)

WFC

Wells Fargo

$56.41

1.06 (1.92%)

CFG

Citizens Financial

$40.02

0.66 (1.68%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Jul

  • 18

    Jul

  • 20

    Jul

  • 20

    Jul

  • 26

    Jul

  • 12

    Oct

  • 19

    Oct

  • 14

    Jan

  • 12

    Apr

  • 15

    Apr

  • 13

    Jul

  • 13

    Jul

  • 15

    Oct

  • 15

    Oct

IIIV

i3 Verticals

$16.73

(0.00%)

09:53
07/16/18
07/16
09:53
07/16/18
09:53
Initiation
i3 Verticals initiated  »

i3 Verticals initiated…

03/08/13
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BA

Boeing

$353.66

2.85 (0.81%)

, GOL

Gol Linhas

$6.02

0.17 (2.91%)

09:53
07/16/18
07/16
09:53
07/16/18
09:53
Hot Stocks
Boeing, GOL Airlines sign order for 30 737 MAX 10 airplanes, 15 MAX 8s »

Boeing (BA) and GOL…

BA

Boeing

$353.66

2.85 (0.81%)

GOL

Gol Linhas

$6.02

0.17 (2.91%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 16

    Jul

  • 25

    Jul

ASML

ASML

$199.55

0.32 (0.16%)

09:50
07/16/18
07/16
09:50
07/16/18
09:50
Upgrade
ASML rating change  »

ASML upgraded to Positive…

03/08/13
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03/06/13
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  • 18

    Jul

HFC

HollyFrontier

$68.71

0.05 (0.07%)

09:50
07/16/18
07/16
09:50
07/16/18
09:50
Options
HollyFrontier calls active »

HollyFrontier calls…

03/08/13
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  • 02

    Aug

09:50
07/16/18
07/16
09:50
07/16/18
09:50
General news
U.S. corporate bond update: issuance should pick up this week »

U.S. corporate bond…

VUZI

Vuzix

$7.60

(0.00%)

09:47
07/16/18
07/16
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09:47
Hot Stocks
Vuzix receives M300 Smart Glasses follow-on order from AMA »

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XON

Intrexon

$14.43

-0.95 (-6.18%)

09:47
07/16/18
07/16
09:47
07/16/18
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Hot Stocks
Intrexon falls -7.7% »

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RDY

Dr. Reddy's

$30.37

-2.89 (-8.69%)

09:47
07/16/18
07/16
09:47
07/16/18
09:47
Hot Stocks
Dr. Reddy's falls -8.3% »

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AOI

Alliance One

$16.40

(0.00%)

09:47
07/16/18
07/16
09:47
07/16/18
09:47
Hot Stocks
Alliance One falls -8.8% »

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  • 12

    Sep

OFG

OFG Bancorp

$14.55

(0.00%)

09:47
07/16/18
07/16
09:47
07/16/18
09:47
Hot Stocks
OFG Bancorp rises 6.2% »

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  • 20

    Jul

  • 31

    Jul

DB

Deutsche Bank

$11.96

0.72 (6.41%)

09:47
07/16/18
07/16
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07/16/18
09:47
Hot Stocks
Deutsche Bank rises 6.4% »

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ARNC

Arconic

$19.70

2.31 (13.28%)

09:47
07/16/18
07/16
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07/16/18
09:47
Hot Stocks
Arconic rises 13.2% »

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09:45
07/16/18
07/16
09:45
07/16/18
09:45
General news
Business Inventories to be reported at 10:00 »

May Business Inventories…

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