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Stock Market & Financial Investment News

News Breaks
July 22, 2014
07:02 EDTTXN, NXPINXP Semi has positive read through from Texas Instruments, says Sterne Agee
Sterne Agee believes that Texas Instruments' (TXN) commentary on 4G telecom, auto and industrial strength should be positive for NXP Semiconductors (NXPI). The firm keeps a Buy rating on NXP Semiconductors.
News For NXPI;TXN From The Last 14 Days
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February 11, 2016
12:32 EDTTXNMaxim evades sell-off as the possibility of a bid from TI materializes
Shares of analog semiconductor maker Maxim Integrated Products (MXIM) are evading a broad market sell-off after research firm Macquarie mentioned the firm as a possible takeover candidate by Texas Instruments (TXN). WHAT'S NEW: In a research note from Wednesday, Macquarie analyst Deepon Nag said Texas Instruments could make a bid for Maxim Integrated. The analyst contended that although TI is in no hurry to make an acquisition, the chip giant has historically been an opportunistic buyer of distressed assets. The recent market sell off has created an opportunity in that regard as semiconductor companies are off their highs. Maxim is well off its October high of $42.18 and is currently trading at approximately $31.43 per share. The analyst believes Maxim Integrated fits Texas Instruments criteria of focusing on a strong R&D team, broad customer base, and focus on industrial and automotive end markets. Nag also believes that with additional synergies, Maxim could drive free cash flow yield of roughly 9%, above Texas' current yield of 7%. WHAT'S NOTABLE: Speaking at the Goldman Sachs Technology & Internet Conference on midday Wednesday, Texas Instruments Chief Financial Officer Kevin March spoke of the company's efforts in analog markets, especially in the automotive sector. When asked about the company's M&A strategy, March highlighted the importance of free cash flow, or FCF, that an acquisition can generate. According to Macquarie analyst Deepon Nag, a Maxim acquisition could improve TI's free cash flow yield by 2%. March stressed the importance of a strategic fit that's going to further the company's efforts in industrial and automotive. "So, when we take a look at M&A, the thing that we look at first and foremost is, does it fit our portfolio, is it strategically going to help us. Is it going to help us advance our position in industrial and automotive. It's probably going to be an analog company." said March, speaking at the Goldman conference. PRICE ACTION: Shares of Maxim are up fractionally to $31.25 in midday trading, while Texas Instruments is down over 1% to $50.13. OTHERS TO WATCH: Other chip makers in the analog space include Analog Devices (ADI) and Linear Technology Corporation (LLTC).
February 10, 2016
12:07 EDTTXNTexas Instruments sees content growth in automotive to continue
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12:00 EDTTXNTexas Instruments CFO sees semiconductor content growth in industrial segment
Sees industrials as a "gentle kind of growth engine" for company. Comments from Goldman Sachs Technology and Internet Conference 2016.
09:47 EDTTXNTexas Instruments could make a bid for Maxim Integrated, says Macquarie
Macquarie analyst Deepon Nag said Texas Instruments (TXN) has historically been opportunistic buyer of distressed assets, and may mean the recent market selloff provides an opportunity. The analyst believes Maxim Integrated (MXIM) fits Texas Instruments criteria of focusing on a strong R&D team, broad customer base, and focus on industrial and automotive end markets. Nag also believes with additional synergies, Maxim could drive free cash flow yield of roughly 9%, above Texas' current yield of 7%.
09:40 EDTTXNTexas Instruments could make a bid for Maxim Integrated, says Macquarie
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07:17 EDTTXNGoldman Sachs to hold a conference
Technology & Internet Conference is being held in San Francisco on February 9-11 with webcasted company presentations to begin on February 10 at 11 am; not all company presentations may be webcasted. Webcast Link
February 8, 2016
10:03 EDTNXPINXP Semiconductors share may increase in Samsung's S7, says OTR Global
OTR Global's checks indicate NXP Semiconductors could gain higher share for the NFC chip in Samsung's S7 than in the S6, which mostly used Samsung's in-house radio chip.
February 5, 2016
09:02 EDTNXPINXP Semiconductors 'back on track,' says Pacific Crest
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07:54 EDTNXPINXP Semiconductors remains top large-cap semiconductor pick, says Canaccord
Canaccord said NXP Semiconcductors remains its top large-cap semiconductor pick for the remainder of 2016. The firm noted the company reported solid Q4 results and believes it is fundamentally the best positioned mixed-signal semiconductor firm regardless of market cap. Canaccord reiterated its Buy rating and $120 price target on NXP Semiconductors shares.
February 4, 2016
07:26 EDTNXPINXP Semiconductors results 'look good,' says Bernstein
After NXP reported stronger than expected results, Bernstein says the company's gross margins are "impressive," while its guidance "appears solid." The firm keeps a $110 price target and Outperform rating on the shares.
February 3, 2016
20:08 EDTNXPINXP Semiconductors sees Q1 adjusted EPS $1.05-$1.15, consensus $1.09
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20:07 EDTNXPINXP Semiconductors reports Q4 adjusted EPS $1.25, consensus $1.07
Reports Q4 revenue $1.61B, consensus $1.29B. Reports HPMS segment revenue $1.31B, up 12% year-over-year. Reports Standard Product revenue $271M, down 18%. Quarterly results include operating results from Freescale Semiconductor from December 7 onward. Recognized restructuring charge of $239M as result of Freescale merger.
14:48 EDTNXPINotable companies reporting after market close
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10:52 EDTTXNTexas Instruments to host 2016 capital management strategy update call
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10:00 EDTTXNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Market Perform from Outperform at William Blair... Credit Acceptance (CACC) downgraded to Underperform at Raymond James... CIT Group (CIT) downgraded to Neutral from Buy at Citi... Cobalt (CIE) downgraded at Stifel... Cypress Energy (CELP) downgraded to Outperform from Strong Buy at Raymond James... Freeport McMoRan (FCX) downgraded on weak near-term outlook at Argus... Gastar Exploration (GST) downgraded to In-Line from Outperform at Imperial Capital... Intersil (ISIL) downgraded to Sell from Neutral at Citi... LyondellBasell (LYB) downgraded to Outperform from Top Pick at RBC Capital... Marriott (MAR) downgraded to Market Perform from Outperform at Wells Fargo... Microchip (MCHP) downgraded to Sell from Neutral at Goldman... Morgan Stanley (MS) downgraded to Underweight from Neutral at Atlantic Equities... Navios Maritime Partners (NMM) downgraded to Hold from Buy at Deutsche Bank... Peapack-Gladstone (PGC) downgraded to Hold from Buy at Sandler O'Neill... QIWI (QIWI) downgraded to Market Perform from Outperform at William Blair... STORE Capital (STOR) downgraded to Neutral from Buy at Ladenburg... Spark Energy (SPKE) downgraded to Neutral from Outperform at Baird... Stone Energy (SGY) downgraded to In-Line from Outperform at Imperial Capital... SunEdison Semiconductor (SEMI) downgraded to Sell from Neutral at Goldman... Teradyne (TER) downgraded to Neutral from Buy at Goldman... Texas Instruments (TXN) downgraded to Sell from Neutral at Goldman... UBS (UBS) downgraded to Sector Perform from Outperform at RBC Capital... Whiting Petroleum (WLL) downgraded on oil price outlook at Stifel... Xcel Energy (XEL) downgraded to Sell from Neutral at UBS... Xilinx (XLNX) downgraded to Buy from Conviction Buy at Goldman... Yahoo (YHOO) downgraded to Hold from Buy at Axiom.
February 2, 2016
18:21 EDTNXPINXP Semiconductors assumed with a Neutral at Goldman
Goldman Sachs analyst Toshiya Hari assumed NXP Semiconductors with a Neutral rating and $80 price target.
18:05 EDTTXNTexas Instruments downgraded to Sell from Neutral at Goldman
Goldman downgraded Texas Instruments to Sell from Neutral with a $47 price target, with the firm noting it would wait for a better entry point as shares currently trade at a premium to both semiconductor stocks and large cap technology stocks.

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