Qualcomm spends $47 billion to buy NXP Semiconductors

Qualcomm
Qualcomm spends $47 billion to buy NXP Semiconductors
Author

30 October, 2016

Moreover, by taking over other companies, chip developers not only get IP they need, but can also cut down certain costs and/or get rid of competitors. The $110 per share cash offer indicates a premium of 11.5% to NXP's closing price on October 27.

NXP Semiconductors NV has 251,752,000 shares in issue which have a share price of 99.08 giving NXP Semiconductors NV a market capitalisation of 24.94B Dollars. NXP Semiconductors NV (NASDAQ:NXPI) shares were trading -7.87% below from the 52-week high mark of $107.54 and +60.82% above from the 52-week bottom of $61.61. Presently, the consensus target is $106.357 on the stock.

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 9 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. The heightened volatility saw the trading volume jump to 3,66,14,100 shares. The 50 day moving average of NASDAQ:NXPI is 94 and the 200 day moving average is 87.63. Of all stocks tracked, NXP Semiconductors NV had the 0th highest net out-flow for the day.

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The company has a market cap of $24.94 billion, a P/E ratio of 49.32 and a beta of 1.63. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of USA and global copyright law. Finally, Parkside Financial Bank & Trust raised its position in shares of NXP Semiconductors NV by 21.7% in the second quarter.

The company has mean EPS estimate of 1.57 reported by 23 number of analyst for the quarter ending Oct 26, 2016- Oct 31, 2016. Before he left the firm, Barshay advised the company on its $3.1bn (£2.5bn) acquisition in 2011 of chipmaker Atheros Communications. NXP Semiconductors NV makes up approx 0.08% of Security National Trust Co's portfolio.Chesley Taft Associates reduced its stake in NXPI by selling 545 shares or 1.11% in the most recent quarter. The business's quarterly revenue was up 62.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 earnings per share.

Institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC raised its position in shares of NXP Semiconductors NV by 542.2% in the second quarter. Once Qualcomm and NXP are combined, representatives from both companies will be present to ensure that both sides of the business run smoothly following the transition. BlackRock Fund Advisors increased its stake in shares of NXP Semiconductors NV by 106.6% in the second quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of NXP Semiconductors NV during the first quarter valued at approximately $31,131,000. The current share price indicates that stock is -5.30% away from its one year high and is moving 29.19% ahead of its one year low.


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