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NXPI

NXP Semiconductors

$114.81

-1.13 (-0.97%)

, QCOM

Qualcomm

$87.43

-3.04 (-3.36%)

13:30
11/19/19
11/19
13:30
11/19/19
13:30

NXP Semiconductors down 1% as Qualcomm conducts analyst day meeting

Qualcomm (QCOM) has been hosting its analyst day since 9 am ET this morning. In afternoon trading, shares of rival semiconductor supplier NXP Semiconductors (NXPI) are down $1.18, or 1%, to $114.74.

NXPI

NXP Semiconductors

$114.81

-1.13 (-0.97%)

QCOM

Qualcomm

$87.43

-3.04 (-3.36%)

  • 19

    Nov

  • 20

    Nov

NXPI NXP Semiconductors
$114.81

-1.13 (-0.97%)

10/30/19
MZHO
10/30/19
NO CHANGE
Target $108
MZHO
Neutral
NXP Semiconductors price target raised to $108 from $100 at Mizuho
Mizuho analyst Vijay Rakesh raised his price target for NXP Semiconductors to $108 from $100 following the company's "inline" Q3 results. The analyst keeps a Neutral rating on the shares.
10/30/19
BMOC
10/30/19
NO CHANGE
Target $115
BMOC
Market Perform
NXP Semiconductors price target raised to $115 from $100 at BMO Capital
BMO Capital analyst Ambrish Srivastava raised his price target on NXP Semiconductors to $115 after its Q3 earnings and the management's view that business has "stabilized". The analyst cites the company's commentary of the worst in annual sales declines - particularly in autos and industrials - being in the past, while noting that its 55% gross margin target sets more "realistic expectations". Srivastava still keeps his Market Perform rating on NXP Semiconductors and sees the stock as "reasonably valued".
11/05/19
MZHO
11/05/19
UPGRADE
Target $130
MZHO
Buy
NXP Semiconductors upgraded to Buy from Neutral at Mizuho
Mizuho analyst Vijay Rakesh upgraded NXP Semiconductors to Buy from Neutral with a price target of $130, up from $108. The company's auto segment is showing signs of recovery, with easier compares and content wins, Rakesh tells investors in a research note. Further, China and U.S industrial Purchasing Managers' Indexes are beginning to stabilize, which should lift NXP, adds the analyst. He cites improving auto and industrial trends for the upgrade.
11/05/19
11/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Outperform at Daiwa with analyst Satoshi Tanaka saying the company's Q3 results and 2020 outlook last week go a "long way to alleviate concerns." 2. Beyond Meat (BYND) upgraded to Outperform from Market Perform at Bernstein with analyst Alexia Howard saying she is making a "straightforward valuation call" with the shares down 66% from their peak. 3. NXP Semiconductors (NXPI) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying the company's auto segment is showing signs of recovery, with easier compares and content wins. 4. Amgen (AMGN) upgraded to Overweight from Neutral at Cantor Fitzgerald with analyst Alethia Young saying recent events have set the stage for a "clean base business and pipeline story" for Amgen in 2020. 5. Autoliv (ALV) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying an improving 2020-2021 auto outlook with easier compares, continued airbag market share gains versus Takata, and lower product launch costs position Autoliv well. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
QCOM Qualcomm
$87.43

-3.04 (-3.36%)

11/11/19
11/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying the stock is up 33% since August as Qualcomm's multiple has expanded relative to other semiconductor companies, which he attributes to the market assigning a high probability of a China-U.S. trade agreement, investors becoming more comfortable in a view that the FTC case won't materially impact the company's business, and expectations for the coming of 5G. 2. Lumentum (LITE) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Meta Marshall saying operating margins have improved 300-400 basis points year-over-year since the Oclaro transaction closed and 3D sensing inventory correction issues that disrupted the trajectory last year did not repeat this year. 3. Cisco (CSCO) downgraded to Neutral from Overweight at Piper Jaffray with analyst James Fish citing a slowing macro environment across Enterprise and Service Provider, cycles hitting a peak earlier this year, a lack of a near-term catalyst, and risk to fiscal 2020 and 2021 estimates for the downgrade. 4. L Brands (LB) downgraded to Hold from Buy at Deutsche Bank with analyst Paul Trussell saying his monthly promo watch indicates promotions remain at elevated levels. 5. Expedia (EXPE) downgraded to Perform from Outperform at Oppenheimer with analyst Jed Kelly citing accelerating paid marketing, ADR pressures and Vrbo losing domestic share, all creating a tougher dynamic to sustain double-digit EBITDA growth than previously thought. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/19
MZHO
11/15/19
UPGRADE
Target $100
MZHO
Buy
Qualcomm upgraded to Buy from Neutral at Mizuho
Mizuho analyst Vijay Rakesh upgraded Qualcomm (QCOM) to Buy from Neutral with a price target of $100, up from $80. The chipmaker closed Thursday up 1c to $90.48. Much of Qualcomm's 4G handset risk is "in the rear view mirror," and the company is positioned well for 5G ramps in 2020 and 2021, Rakesh tells investors in a research note. The analyst believes Qualcomm could see better average selling prices at its CDMA Technologies unit, supplying 5G modems at $15-$20 versus the current $10 for 4G. 2020 could see 200M 5G phones versus less than 20M in 2019, according to Rakesh. For Qualcomm, Samsung (SSNLF) and Apple (AAPL) should start to drive better 5G sales in 2020, he contends.
11/15/19
JPMS
11/15/19
NO CHANGE
Target $108
JPMS
Overweight
JPMorgan boosts Qualcomm target to $108, adds to Analyst Focus List
JPMorgan analyst Samik Chatterjee raised his price target for Qualcomm to $108 from $97 and added the share to his firm's Analyst Focus List as "Growth pick." Qualcomm is the analyst's top pick in Networking Equipment/ IT Hardware heading into the 5G cycle. He favors the company's "multi-year content growth opportunity" over other stocks that more reliant on volume driven opportunities and more susceptible to further weakening in the macro. Further, Chatterjee is more bullish relative to a rebound in smartphone industry volumes starting in 2020, led by ramping adoption of 5G. He keeps an Overweight rating on Qualcomm.
11/15/19
11/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying much of Qualcomm's 4G handset risk is "in the rear view mirror," and the company is positioned well for 5G ramps in 2020 and 2021. 2. Applied Materials (AMAT) upgraded to Buy from Neutral at Nomura Instinet with analyst David Wong saying the copay last night reported sales for the October quarter that were above the original guidance midpoint, and guidance for the January 2020 quarter was meaningfully above consensus estimates. 3. GrubHub (GRUB) double upgraded to Overweight from Underweight at Barclays with analyst Deepak Mathivanan saying shares of GrubHub declined by 75% in 15 months given an "irrational" competitive landscape, "ill-timed" strategic investments, and poor execution. 4. BioCryst (BCRX) upgraded to Buy from Neutral at BofA/Merrill with analyst Tazeen Ahmad saying he has conducted doctor checks after the release of the ApeX-2 study results in hereditary angioedema earlier this year to determine whether his peak sales estimates for the HAE market for '7353 seemed reasonable. 5. Nvidia (NVDA) upgraded to Buy from Hold at Craig-Hallum with analyst Richard Shannon citing the company's "strong" Q3 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GE

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MRVL

Marvell

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CVS

CVS Health

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0.735 (1.00%)

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FB

Facebook

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FCAU

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0.325 (2.27%)

, PUGOY

Peugeot

$0.00

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Fiat, PSA Group aim to sign merger agreement next week, Bloomberg reports »

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FCAU

Fiat Chrysler

$14.64

0.325 (2.27%)

PUGOY

Peugeot

$0.00

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  • 07

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FB

Facebook

$201.80

-0.43 (-0.21%)

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CIEN

Ciena

$40.89

5.44 (15.35%)

12:00
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    Dec

DBD

Diebold

$9.93

2.175 (28.05%)

12:00
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AMRX

Amneal Pharmaceuticals

$5.21

1.725 (49.50%)

12:00
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PKI

PerkinElmer

$95.54

1.19 (1.26%)

11:56
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FDA authorizes PerkinElmer test to aid in newborn screening for DMD »

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AMZN

Amazon.com

$1,754.57

5.46 (0.31%)

11:56
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Breaking Periodicals news story on Amazon.com »

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11:55
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11:55
General news
Treasury's $75 B 4- and 8-week bill auctions garnered mixed results »

Treasury's $75 B 4-…

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William Blair financial services/insurance analyst to hold a luncheon »

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TOL

Toll Brothers

$39.55

-0.565 (-1.41%)

, DHI

D.R. Horton

$54.73

-1.17 (-2.09%)

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Recommendations
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TOL

Toll Brothers

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DHI

D.R. Horton

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ALV

Autoliv

$85.31

2.14 (2.57%)

11:48
12/12/19
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Conference/Events
Autoliv management to meet with Mizuho »

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  • 17

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AAPL

Apple

$269.52

-1.19 (-0.44%)

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IRBT

iRobot

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COUP

Coupa Software

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Coupa Software management to meet with Needham »

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FIVN

Five9

$65.32

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Five9 management to meet with Needham »

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FORM

FormFactor

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ICE

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