Broadcom lowers bid for Qualcomm following revised NXP bid

Broadcom aims Qualcomm

"Instead Qualcomm's board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP's activist stockholders". About 775,988 shares traded. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 24.67% since February 20, 2017 and is uptrending.

Temasek Holdings Private Ltd increased its stake in Incyte Corp (INCY) by 25.26% based on its latest 2017Q3 regulatory filing with the SEC.

Qualcomm shares were trading down 1.2 percent at US$63.24 in morning trading in NY on Wednesday, while Broadcom shares were flat at US$249.72.

Earlier this month, Qualcomm has declined Broadcom's offer, saying it severely undervalues the company. The market capitalization of the company is $42.83 Billion. About 276,611 shares traded. The Price to Sales (P/S) of the company is 0.27, while P/B (Price to Book) stands at 1.21. Stock has got OUTPERFORM rating from 1 analyst (s) whereas last month 1 analyst (s) have given outperform rating. Sixteen research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Incyte had 78 analyst reports since August 6, 2015 according to SRatingsIntel. Mizuho downgraded it to "Neutral" rating and $110 target in Thursday, November 3 report. The rating was maintained by BMO Capital Markets with "Outperform" on Friday, October 30. The firm earned "Hold" rating on Wednesday, July 22 by Wunderlich. The rating was maintained by Oppenheimer on Thursday, August 3 with "Hold". The firm has "Hold" rating by Canaccord Genuity given on Monday, May 16. Its down 0.17, from 1.34 in 2017Q2. Lmr Ptnrs Llp has 0.44% invested in Microsoft Corporation (NASDAQ:MSFT). Cleararc Cap Inc has invested 0.08% in Incyte Corporation (NASDAQ:INCY). Retail Bank Of America De holds 298,452 shares. (NASDAQ:GNMK). Artisan Prtnrs Lp reported 2.23M shares. Shine Investment Advisory Services Inc holds 501 shares or 0.04% of its portfolio. Gsa Capital Partners Llp, a United Kingdom-based fund reported 286,017 shares. Moreover, Callahan Advisors Llc has 0.08% invested in the company for 301,000 shares. Hyman Charles D reported 192,480 shares. Renaissance Technologies LLC now owns 3,251,504 shares of the semiconductor provider's stock valued at $380,719,000 after buying an additional 852,289 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt has 3,200 shares for 0.03% of their portfolio. According to the Analysts, the Low Earnings estimate for the current quarter is $0.83, while the High earnings estimate is $0.98.Comparatively, EPS for the same quarter a year ago was $0.83.

At the end of 12/31/2017 reporting period, 306 institutional holders increased their position in NXP Semiconductors N.V. (NASDAQ:NXPI) by some 33,525,639 shares, 330 decreased positions by 31,787,512 and 101 held positions by 221,230,770. Therefore 29% are positive.

According to 12 analysts, the Average Revenue Estimate is $36.96 Billion for the current Fiscal quarter. On Monday, July 10 the stock rating was maintained by Jefferies with "Hold". The company was maintained on Friday, January 29 by Wunderlich. The stock has "Outperform" rating by Raymond James on Tuesday, April 19. Citigroup maintained it with "Sell" rating and $79 target in Friday, October 27 report.

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