NXP Semiconductors explores sale to Qualcomm: sources
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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
September 30, 2016 6:51 AM EDT
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... More
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
September 29, 2016 7:10 PM EDT
Mizuho Securities upgraded Qualcomm (NASDAQ: QCOM) from Neutral to Buy with a price target of $75.00 following reports the company is looking to acquire NXP (NASDAQ: NXPI)
Analyst Vijay Rakesh commented, "We believe a deal here makes... More
September 29, 2016 3:52 PM EDT
Deutsche Bank analyst Ross Seymore commented on NXP Semiconductors (NASDAQ: NXPI) following rumors earlier that the company is in talks to be acquired by Qualcomm (NASDAQ: QCOM). Based on the average valuation for semiconductor deals since 2014, NXP Semiconductors could fetch $140-$160 per share, said the analyst.
Seymore... More
