Qualcomm Raises Bid For NXP, Could Scuttle Broadcom Takeover

Above One of many Qualcomm buildings is shown in San Diego California

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.8 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. The upped offer still remains below the $135 per share valuation pinned on the company by Elliott, but the hedge fund has nevertheless indicated that it will now support a buy-out.

NXP's shares were up 6.5 percent at $126.15 in premarket trading. About 22.50 million shares traded or 725.30% up from the average.

NXP Semiconductors NV (NASDAQ NXPI) opened at $118.50 on Tuesday. Stock has got OUTPERFORM rating from 5 analyst (s) whereas last month 7 analyst (s) have given outperform rating.

Vaughan Nelson Investment Management Lp increased its stake in Jack In The Box Inc (JACK) by 60.91% based on its latest 2017Q3 regulatory filing with the SEC. Monarch Capital Management Inc bought 13,743 shares as the company's stock declined 7.64% while stock markets rallied. Monarch Capital Management Inc who had been investing in General Electric for a number of months, seems to be bullish on the $128.30 billion market cap company. Valeo Financial Advisors LLC now owns 1,320 shares of the semiconductor provider's stock worth $155,000 after buying an additional 1,192 shares during the last quarter. About 438,622 shares traded. It has outperformed by 9.26% the S&P500. The Manikay Partners Llc holds 1.13M shares with $127.23 million value, up from 1.09 million last quarter. Therefore 100% are positive. The stock has "Hold" rating by Robert W. Baird on Thursday, October 26. The firm has "Mkt Perform" rating by FBR Capital given on Friday, July 29. The firm earned "Hold" rating on Monday, July 10 by Canaccord Genuity. Zacks Investment Research upgraded NXP Semiconductors from a "hold" rating to a "buy" rating and set a $131.00 target price on the stock in a research note on Tuesday, October 31st.

Qualcomm has extended its offer to NXP until March 5, 2018. The firm has "Buy" rating by Jefferies given on Wednesday, August 16. Jefferies maintained the shares of NXPI in report on Friday, April 29 with "Buy" rating.

Among 8 analysts covering Frontline Ltd. NXPI's profit will be $488.21 million for 21.80 P/E if the $1.44 EPS becomes a reality. After $0.93 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 4.30% EPS growth. According to today's trading volume NXP Semiconductors NV is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Salehpour Ali sold $6.44M worth of stock. 267.56 million shares or 0.84% less from 269.83 million shares in 2017Q2 were reported. CIBC Asset Management Inc boosted its holdings in NXP Semiconductors by 1.5% in the third quarter. Argus Research downgraded the shares of THRM in report on Friday, September 23 to "Hold" rating.

Investors sentiment decreased to 0.69 in 2017 Q3. Its up 0.18, from 1.22 in 2017Q2. That's crucial to Qualcomm's case that it's better off as an independent entity than selling to Broadcom for $82 a share.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Richard C Young Company Limited owns 270,189 shares for 1.24% of their portfolio. Nuveen Asset Mgmt Ltd Com owns 188,875 shares. State Treasurer State Of Michigan has invested 0.05% of its portfolio in Agilent Technologies, Inc. Oppenheimer maintained Jack in the Box Inc.

Related News:

Most liked

Cheryl says Brit Awards 'stunt' theories are ludicrous
CHERYL and Liam tried to put on a united front at the Brit Awards last night - as their relationship crumbled in private. Although, the HAIM sisters did join BBC Radio 1's Nick Grimshaw for a BRITs after-party DJ set.

Half-Life's Gordon Freeman is coming to Final Fantasy XV
Save data from the Windows 10 versions of FFXV Windows Edition is compatible with the Xbox One version of FFXV . But despite this slow start, Final Fantasy 15 will kick into high gear soon afterwards.

Chesapeake Energy Corporation (NYSE:CHK) reports 4Q17 Profit Surge
We have $3.31 PT which if reached, will make NYSE: CHK worth $141.00 million more. 10,400 are owned by Cambridge Advisors. Also, there are 0 buy, 2 sell and 5 strong sell ratings, collectively assigning a 3.56 average brokerage recommendation.

Gender pay gap at Tenet revealed
The requirement was enshrined in the Equality Act of 2010, with the regulations coming into effect on April 5, 2017. Comparing bonuses, the gaps are larger, with a mean gap of 42.6 per cent and a median gap of 27 per cent.

Alberta took out full-page ads in several BC newspapers today
Ottawa has already approved the project, which would triple the capacity of the pipeline from Edmonton to Burnaby and increase tanker traffic off the west coast sevenfold.

Girl Scouts cookie sales underway
The hospitality group's chefs will compete March 15 for the Girl Scout Cookie Cup at The Clubhouse at Baywood. Girl Scouts in De Smet will sell cookies on Wednesday, Feb. 28, at Maynard's Food Center.

Global smartphone sales down 4.6%, Samsung retains top spot
In 2017 as a whole, smartphone sales worldwide pushed through the 1.5 billion mark, an increase of 2.7 percent from 2016. In Q4 2017 408 million units of smartphones were sold globally which is 5.6% decline from Q4 2016.

Conor McGregor Vows to Return to Octagon: "I Am Fighting Again. Period".
He then unified the interim and undisputed titles by knocking out Jose Aldo in 13 seconds in December of 2015. It is on them to come and get me. "He's a liar.

Janelle Monáe Drops New Videos Celebrating Bisexuality And Black Women's Empowerment
With both visuals, Monáe continues with her Afro-futuristic themes, which will likely be carried on throughout Dirty Computer . The project is a self-described "emotion picture" that will include a narrative film.

Donald Trump Suggests Arming Teachers to Prevent Massacres in Schools
He said a gun free zone, to a maniac, is "Let's go in and let's attack". " What can we do to help you feel safe? ". Acknowledging that the idea was controversial, Trump said that his administration would give it serious study.

Little hope in search for Kaden Young, 3, in flooded Grand
Ice from the Grand River was pressing up against the dike and officials were anxious about a breach sometime Wednesday. The van got stuck in the deep water and the mother got out of the van.

US Bancorp DE Has $1.07 Million Stake in Physicians Realty Trust (DOC)
Landscape Capital Management Llc decreased Intellia Therapeutics Inc stake by 26,828 shares to 9,039 valued at $225,000 in 2017Q3. After $3.89 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.08% negative EPS growth.

Black Panther Is Ruling The Indian Box Office This Week
In Hollywood there are few films with a primarily black cast, they are often underinvested, but Black Panther is changing that. They may not appreciate the significance of " Black Panther " yet but they enjoyed getting to see it with their classmates.

Barclays posts £1.9bn loss amid United States tax and PPI charges
Investors welcomed the news of further capital returns and pushed the shares 5.47% higher to 213.15p on the London Stock Exchange. The CEO is facing a United Kingdom regulatory probe for attempting to ferret out the identity of a whistle-blower .

Sling TV touts 2.2 million subscribers as cord cutting continues
Dish Network Corp now has $21.14 billion valuation. ( DISH ) by 12.14% based on its latest 2017Q3 regulatory filing with the SEC. Chevy Chase Trust Holdings Inc.'s holdings in DISH Network were worth $9,428,000 at the end of the most recent reporting period.