NXP Semiconductor (NXPI) Worth $136-$172/Share in a Deal - Jefferies
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.
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Shares of NXP Semiconductors NV closed at $96.12 yesterday.