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Lam Research (LRCX) Gains on Sector M&A Headlines

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Drexel Hamilton Not Fans of Rumored NXP (NXPI) Takeover Price, Says $40-$45B Should Be Minimum

September 30, 2016 12:29 PM EDT

Drexel Hamilton analyst Cody Acree weighed in on NXP Semiconductors NV (NASDAQ: NXPI) amid reports Qualcomm (NASDAQ: QCOM) is looking to acquire the company. Acree said NXP doesn't need Qualcomm and they are not fans of the reported $30 billion takeover price. The analyst said $40-$45 billion is the minimum that should be even considered.

Acree commented, "While we see some... More

Cowen Boosts PT on Qualcomm (QCOM) to $74 Amid NXP Semi (NXPI) Chatter; Xilinx (XLNX) Also Seen as Potential Suitor

September 30, 2016 6:42 AM EDT

Cowen boosts its price target on Outperform-rated Qualcomm (Nasdaq: QCOM) from $62 to $74 following chatter that the company and NXP Semi (Nasdaq: NXPI) might be in merger talks.

Analyst Tim Arcuri commented late Thursday, With smartphone units having slowed, QCOM re-trenching somewhat in China to the mid to higher end, and a diversified modem strategy from AAPL, we believe QCOM... More