Qualcomm (QCOM) Reports Termination of NXP Semi (NXPI) Acquisition, Triggers $2B Termination Fee to NXPI; QCOM Announces $30B Share Buyback

Summit Insights Upgrades Qualcomm (QCOM) to Buy

Summit Insights upgraded Qualcomm (NASDAQ: QCOM) from Hold to Buy.

For an analyst ratings summary and ratings history on Qualcomm click here. For more ratings news on Qualcomm click here.

Shares of Qualcomm closed at $59.42 yesterday.

Qualcomm (QCOM) PT Raised to $72 at RBC Capital

RBC Capital raised its price target on Qualcomm (NASDAQ: QCOM) to $72.00 (from $70.00) while maintaining an Outperform rating following results.

Analyst Amit Daryanani commented, "QCOM delivered solid results and guidance, and more importantly provided better clarity on capital management."

Qualcomm (QCOM) PT Raised to $65 at Macquarie

Macquarie raised its price target on Qualcomm (NASDAQ: QCOM) to $65.00 (from $55.00) while maintaining a Neutral rating.

NXP Semiconductors (NXPI) Misses Q2 Views; Confirms Qualcomm Terminated Merger, Announces $5B Buyback

NXP Semiconductors (NASDAQ: NXPI) reported Q2 EPS of $0.16, which may not compare to the analyst estimate of $1.65. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.36 billion.

GUIDANCE:

NXP Semiconductors sees Q3 2018 revenue of $2.35-2.425 billion, versus the consensus of $2.46 billion.

NXP has received today notice from Qualcomm Incorporated that Qualcomm has terminated, effective immediately, the purchase agreement between NXP and an affiliate of Qualcomm following the inability to obtain the required approval for the transaction from the State Administration for... More

NXP to repurchase $5 billion shares after Qualcomm deal falls through

(Reuters) - NXP Semiconductors NV (NASDAQ: NXPI), whose buyout deal with U.S. chipmaker Qualcomm Inc (NASDAQ: QCOM) fell through due to lack of approval from China, said on Thursday it would buy back $5 billion worth of shares.

After-Hours Stock Movers 7/25: (PCMI) (ARNC) (XLNX) Higher; (FB) (MHK) (MAT) Lower (more...)

Today's After-Hours Movers

Facebook (NASDAQ: FB) 20.7% LOWER; reported Q2 EPS of $1.74, $0.02 better than the analyst estimate of $1.72. Revenue for the quarter came in at $13.23 billion versus the consensus estimate of $13.36 billion. On its call, Facebook said it expects revenue growth rates will decline by high single-digit percentages from prior quarters in Q3 and Q4. The company sees operating margins toward mid-30s.

PCM, Inc. (NASDAQ: PCMI) 17.5% HIGHER; reported Q2 EPS of $0.82, $0.27 better than the analyst estimate of $0.55. Revenue for the... More

Qualcomm reports 4 percent rise in quarterly revenue

(Reuters) - Qualcomm Inc (NASDAQ: QCOM) reported a 4.2 percent rise in quarterly revenue on Wednesday, helped by demand for its latest Snapdragon chipset from smart phone customers including Samsung Electronics Co Ltd and Xiaomi Corp .

Revenue rose to $5.60 billion in the... More

Qualcomm (QCOM) to Terminate NXP Semiconductor (NPXI) Tonight If Not Approved

Qualcomm (NASDAQ: QCOM) statement on NXP Semiconductors (NASDAQ: NXPI):

We have entered into a definitive agreement, as amended, to acquire NXP Semiconductors N.V. (NXP) for estimated total cash consideration to be paid to NXPs shareholders of... More

Qualcomm (QCOM) Tops Q3 EPS by 30c, Expects to Terminate NXP (NXPI) Deal if Not Approved

Qualcomm (NASDAQ: QCOM) reported Q3 EPS of $1.01, $0.30 better than the analyst estimate of $0.71. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.19 billion.

GUIDANCE:

Qualcomm sees Q4 2018 EPS of $0.75-$0.85, versus the consensus of $0.76. Qualcomm sees Q4 2018 revenue of $5.1-5.9 billion, versus the consensus of $5.44... More

Qualcomm (QCOM) Preparing to Give up on NXP Semiconductors (NXPI) - CNBC

(Updated - July 25, 2018 2:48 PM EDT)

Qualcomm (NASDAQ: QCOM) is planning to move forward with share buybacks instead of buying NXP Semiconductors (NASDAQ: NXPI), and isn't counting on Chinese regulators to rule in its favor... More

Options traders on edge as Qualcomm-NXP deal deadline looms

By Saqib Iqbal Ahmed

NEW YORK (Reuters) - Traders in the U.S. options market braced for a large near-term move in the shares of chipmaker Qualcomm Inc (NASDAQ: QCOM) and NXP Semiconductors (NASDAQ: NXPI) with hours to go before the deadline to get China's nod for a $44 billion deal.

San Diego-based Qualcomm needs Chinese approval for the deal because the country accounted for nearly two-thirds of its global revenue last year, but Sino-U.S. trade tensions have raised the prospect that the deal could be scuppered.

NXP Semiconductors (NXPI) May Fall to $92 if Deal Breaks, Survey Shows - Bloomberg

NXP Semiconductors (NASDAQ: NXPI) May Fall to $92 if Deal Breaks, Survey Shows - Bloomberg

Trump relents on EU car tariffs, as U.S.-China fight derails Qualcomm deal

By David Lawder and Steve Holland

WASHINGTON (Reuters) - In what the EU chief called a "major concession," U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade war.

After a meeting at the White House, Trump and European Commission President Jean-Claude Juncker said the talks would also seek to "resolve" U.S. tariffs on steel and aluminum and Europe's retaliatory duties - marking a step back from Trump's signature import protections for American metals producers.

Qualcomm ends $44 billion NXP bid after failing to win China approval

By Michael Martina and Stephen Nellis

BEIJING/SAN FRANCISCO (Reuters) - Qualcomm Inc (NASDAQ: QCOM) walked away from a $44 billion deal to buy NXP Semiconductors (NASDAQ: NXPI) after failing to secure Chinese regulatory approval, becoming a high profile victim of a bitter Sino-U.S. trade spat.

The world's biggest smartphone-chip maker and Netherlands-based NXP confirmed in separate statements on Thursday that the deal, which would have been the biggest semiconductor takeover globally, had been terminated.

The collapse of the deal is likely to aggravate tensions... More

Nothing to Indicate Change of Posture on NXP Semiconductors (NXPI)/Qualcomm (QCOM) Deal in China - CNBC

Nothing to Indicate Change of Posture on NXP Semiconductors (NASDAQ: NXPI)/Qualcomm (NASDAQ: QCOM) Deal in China - CNBC

Qualcomm (QCOM) is Said in Last-Minute Talks with China on NXP Semiconductors (NXPI) - Bloomberg, Citing DealReporter

(Updated - July 24, 2018 8:37 AM EDT)

A delegation of Qualcomm (NASDAQ: QCOM) officials is in last minute talks with Chinese officials regarding approval for the NXP Semiconductors (NASDAQ: NXPI) deal, according to Bloomberg, citing a... More