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Stock Market & Financial Investment News

News Breaks
January 29, 2014
09:00 EDTFSLFreescale rises 13.1%
Freescale is up 13.1%, or $2.00, to $17.30
News For FSL From The Last 14 Days
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November 25, 2015
16:32 EDTFSLNXP Semiconductors receives FTC approval for merger with Freescale
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15:24 EDTFSLFTC requires NXP Semiconductors to divest RF power amplifier assets
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November 12, 2015
09:59 EDTFSLSterne Agee sees 'great buying opportunity' in NXP pullback
The weakness in NXP Semiconductors (NXPI) following its third quarter results gives investors "a great buying opportunity," research firm Sterne Agee wrote in a note to investors today. NXP Semiconductors is a chip maker that agreed to acquire another player in the space, Freescale (FSL), last March. WHAT'S NEW: Synergies from the Freescale deal could increase NXP's EPS by 31c in 2016 and 92c in 2017, Sterne Agee CRT analyst Douglas Freedman wrote. Moreover, NXP's ability to generate stronger earnings growth than its peers despite a tough demand environment is "impressive," contended the analyst. The company's outperformance and debt deleveraging should cause its stock's multiple to rise, forecast Freedman, who kept a $107 price target and Buy rating on the shares. WHAT'S NOTABLE: NXP Semiconductors was among the chip makers whose stock rose after Apple (AAPL) reported stronger than expected results on October 27. However, Credit Suisse on November 10 cut its estimates for iPhone shipments going forward into 2016, noting that NXP is one of the chip makers that gets 10% or more of its revenue from Apple. PRICE ACTION: In early trading, NXP lost 0.4% to $80.98.

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