Fly News Breaks for January 23, 2020
NXPI, ADI, MPWR, TXN
Jan 23, 2020 | 06:47 EDT
SunTrust analyst William Stein raised his price target on Texas Instruments (TXN) to $134 after its Q4 earnings beat, saying the results also confirmed that the "demand theme" in semiconductor and component names is stabilizing. The analyst further points to the company's respective 30bps and 100bps beats in gross and operating margins, but still keeps his Hold rating on the stock and contends that there is "better value" in analog / mixed-signal companies such as Monolithic Power (MPWR), Analog Devices (ADI), and NXP Semiconductors (NXPI).
News For TXN;MPWR;ADI;NXPI From the Last 2 Days
Oct 28, 2020 | 10:55 EDT
Bearish flow noted in Texas Instruments with 13,538 puts trading, or 8x expected. Most active are Nov-20 135 puts and Mar-21 155 puts, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 8.59, while ATM IV is up nearly 6 points on the day. Earnings are expected on January 19th.
Oct 28, 2020 | 07:26 EDT
KeyBanc analyst John Vinh raised the firm's price target on NXP Semiconductors to $160 from $150 and keeps an Overweight rating on the shares. The analyst notes that the company has posted strong Q3 results, which were in line with its positive preannouncement, and guided Q4 higher driven by the continued robust recovery in auto, which grew 43% quarter-over-quarter in Q3 and is expected to grow over 20% quarter-over-quarter in Q4.
Oct 28, 2020 | 06:57 EDT
Deutsche Bank analyst Ross Seymore raised the firm's price target on NXP Semiconductors to $160 from $150 and keeps a Buy rating on the shares. NXP delivered "sizable upside" to its original Q3 guidance but "more impressively" beat on the Q4 outlook, driven by continuation of growth in auto and mobile, Seymore tells investors in a research note.
Oct 28, 2020 | 06:47 EDT
Mizuho analyst Vijay Rakesh raised the firm's price target on NXP Semiconductors to $155 from $152 and keeps a Buy rating on the shares. The company offered "strong" December quarter guidance as autos, industrial and mobile continue to rebound, Rakesh tells investors in a research note.
Oct 28, 2020 | 06:40 EDT
Citi analyst Christopher Danely raised the firm's price target on NXP Semiconductors to $140 from $135 and keeps a Neutral rating on the shares following the company's Q3 results. The analyst raised estimates on the beat but says NXP continues to have lower growth in revenue and earnings compared to peers.