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Stock Market & Financial Investment News

News Breaks
April 7, 2014
08:04 EDTFSLFreescale to buy Mindspeed ARM processor business from MACOM
Freescale Semiconductor has entered into a definitive agreement to purchase the Comcerto CPE communications processor business of Mindspeed Technologies. This business includes a series of multicore, ARM-based embedded processors and associated software, a talented team, and Tier One customers spanning the globe. Obtained by M/A-COM Technology Solutions Holdings, or MACOM, when it acquired Mindspeed, the acquired business includes the Comcerto 100, 1000 and 2000 product families. The company said the transaction will enhance Freescale’s leadership position in multicore processors, and extend the company’s product portfolio. As part of the agreement, members of the business will join Freescale. The closing of the transaction is subject to customary closing conditions and is expected to close in Q2. Terms of the deal were not disclosed.
News For FSL From The Last 14 Days
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December 12, 2014
10:01 EDTFSLOn The Fly: Analyst Upgrade Summary
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07:17 EDTFSLSemiconductor indications have improved, says Bernstein
Bernstein believes that indicators for the semiconductor sector have improved since September, as expectations and valuations have dropped, while revision trends have been favorable,according to the firm. The firm thinks the outlook for the space is "reasonably positive." In conjunction with this note, Bernstein upgraded its rating on Freescale (FSL) to Outperform from Market Perform and hiked its target on the stock to $31 from $20. The firm increased its price target on Texas Instruments (TXN) to $63 from $54 and on Analog Devices to $55 from $50. It keeps an Outperform rating on Texas Instruments and a Market Perform rating on Analog Devices.
06:24 EDTFSLFreescale upgraded to Outperform from Market Perform at Bernstein
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