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Fly News Breaks for March 2, 2015
FSL, NXPI
Mar 2, 2015 | 08:33 EDT
After NXP (NXPI) announced on Sunday that it had reached a definitive agreement to acquire Freescale Semiconductor (FSL) for $36.14 per share, Stifel says the acquisition should propel NXP to leadership positions in automotive and GP MCUs. The firm adds that the deal combines two complementary businesses that should drive higher levels of growth. It keeps a $95 price target and Buy rating on NXP.
News For NXPI;FSL From the Last 2 Days
NXPI
Apr 24, 2024 | 06:43 EDT
BofA raised the firm's price target on Texas Instruments (TXN) to $190 from $175 and keeps a Neutral rating on the shares. TI's small Q1 beat and inline but sequentially rising Q2 sales guidance, "while modest, potentially marks a recovery inflection in industrial chip demand," with positive read-across for U.S. peers such as Analog Devices (ADI), Microchip (MCHP), NXP Semiconductors (NXPI) and On Semiconductor (ON), the analyst tells investors. However, despite an expected recovery, TI's sustained high capex intensity could keep reported calendar year 2024-26 pro-forma EPS below $6 per share, the analyst added.
NXPI
Apr 23, 2024 | 17:33 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here
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