NXP Semiconductor (NXPI) Worth $136-$172/Share in a Deal - Jefferies

September 30, 2016 6:51 AM EDT
Get Alerts NXPI Hot Sheet
Price: $99.08 +0.43%

Rating Summary:
    24 Buy, 4 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
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Jefferies analyst Mark Lipacis weighed in on NXP Semiconductors NV (NASDAQ: NXPI) following reports Qualcomm in is talks to acquire the company in a deal that agreed upon in 2-to-3 months.

Lipacis said while a deal is not certain, NXP could fetch $136-$172 per share.

"Worth noting is that NXPI CEO Clemmer was previously the CEO of Agere, and engineered its sale to LSI, driving >130% of stock appreciation w/in 14 months of taking the helm," he commented.

The firm maintained a Buy rating and price target of $130 on NXPI.

For an analyst ratings summary and ratings history on NXP Semiconductors NV click here. For more ratings news on NXP Semiconductors NV click here.

Shares of NXP Semiconductors NV closed at $96.12 yesterday.

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