NXP Semiconductors NV
Execution of the Qualcomm-NXP Merger: A Complex Task
While Qualcomm has bought into the future with the NXP merger, its journey toward automotive growth may not be smooth.
Reviewing What Likely Drove NXP’s 3Q16 Revenue
NXP caters to a broad market, including the automotive, communications infrastructure, mobile, embedded device, industrial, and secure payment spaces.
How Is High Leverage Impacting NXPI’s Financial Flexibility?
NXP Semiconductors (NXPI) is expected to report FCF of over $610 million in 4Q16 as its operating margin improves.
US-China Trade Tensions Put Qualcomm-NXP Deal at Risk
Qualcomm (QCOM) has been losing business to its competitors even before fears of a US-China (MCHI) trade war began.
Checking In on Broadcom’s Stock Buyback
Broadcom’s capital allocation policy is to spend 50% of its trailing-12-month free cash flow in dividends and use the remaining for acquisitions and buybacks.
When Will Nvidia See Revenue from Autonomous Cars?
Nvidia is set to report big revenue growth in data center as its Tesla GPUs make their way into servers and supercomputers.
Key Points of the Atmel-Dialog Merger Agreement
The UK-based chip maker Dialog has agreed to buy US-based Atmel (ATML) for approximately $4.6 billion to expand in the automotive and Internet of Things space.
STM and NXPI Fall on Infineon’s Reduced Fiscal 2019 Guidance
The semiconductor industry is set to report its worst quarterly results in a long time in the second quarter.
American Airlines gets significantly lower position in Appaloosa
Appaloosa Management significantly lowered its position in American Airlines (AAL) in the third quarter that ended in September 2014. The position accounts for 3.81% of the fund’s total third-quarter portfolio.
Glenview Capital Management starts new positions in AAP, AMT, DG, NXPI, sells NTAP, ROVI—13F Flash B
Glenview Capital Management is a private investment management firm with more than $7 billion of assets under management. Why buy American Tower Corp. (AMT)?
Can Qualcomm Achieve Its Fiscal 2019 Earnings Pledge?
Qualcomm’s $7.00 EPS estimate is subject to the resolution of licensing lawsuits with Apple.
Paul Singer Increased His Holdings in NXP Semiconductor in 3Q17
Paul Singer, the CEO of Elliott Management, increased his holdings in NXP Semiconductor (NXPI) in 3Q17, according to a recent 13F filing report.
Automotive and Connected Devices: NXP’s Key Growth Drivers
NXP Semiconductors (NXPI), a leader in the automotive chip market, provides HPMS (high-performance mixed-signal) analog, MCU (microcontroller), and sensor solutions.
How Successful Has Qualcomm’s $30 Billion Buyback Been?
Qualcomm (QCOM) is a leader in the mobile market, with its chips powering 95% of the world’s smartphones.
Weak Demand Outlook Drags Down Semiconductor Stocks
The semiconductor industry has been badly hurt by the economic downturn caused by the US-China (FXI) trade war.
Semiconductor Stocks Fall as US-China Trade War Intensifies
Escalating US-China trade tensions have seen semiconductor stocks fall significantly on July 11.
The Impact of Tariffs on the Global Semiconductor Supply Chain
Taiwanese chip designers dealing in consumer electronics are unlikely to move their production away from China, as almost all consumer electronics are made in China.
NVIDIA Expands Its Autonomous Vehicle Market
The global automotive industry is suffering from declining demand, which has affected sales of automotive chip giant NXP Semiconductors (NXPI).
How Much Did the Freescale Acquisition Impact NXP Semiconductors’ Balance Sheet?
As of December 31, 2015, NXP Semiconductors’ cash reserves stood at $1.6 billion, and its long-term debt stood at $8.6 billion.
What Qualcomm Investors Should Watch For
Among semiconductor stocks, Qualcomm (QCOM) may have been hit the hardest by US-China trade tension.
The Freescale–NXP merger: A large deal in the semiconductor space
The key to the Freescale–NXP merger is the timing. The companies are guiding to a 2H15 close, likely in the fourth quarter.
What Efficiency Ratios Say about QCOM, INTC, and TXN
Investors and analysts are slightly bullish on Intel, but they’re bearish on Qualcomm and neutral on Texas Instruments.
The Impact of a US–China Trade War on Intel
The trade war between the United States and China revolves around the supremacy of 5G technology, which is expected to form the basis for the data economy.
AGL Resources: Could Southern Co Be Stopped by a Bidding War?
There have been several precedents similar to the AGL Resources deal. In this transaction, Southern Company is paying about 2.7x trailing 12-month revenues and 10x trailing 12-month EBITDA.
How Would Qualcomm Fund a Possible Acquisition of NXP?
If Qualcomm (QCOM) looks to buy NXP Semiconductors (NXPI), the deal could be valued at just above $30 billion or as high as $46 billion.
The Freescale–NXP Merger: Freescale at a glance
The Freescale–NXP merger is driven by complementary offerings. Freescale is active in the auto, consumer, networking, and industrial markets.
What Proxy Advisory Firms Recommend for AVGO-QCOM-NXP Merger
On February 16, 2018, proxy advisory firm ISS (Institutional Shareholder Services) stated that although Broadcom’s $82 per share offer doesn’t adequately value Qualcomm, it presents a good start for further negotiations.
What TXN’s Q1 Revenue Says about the Semiconductor Industry
Texas Instruments’ (TXN) revenue had been falling on a YoY (year-over-year) basis after ten quarters of growth, and the rate of decline is increasing with every quarter.
Why is the Freescale–NXP merger premium so low?
The companies were asked about the takeover premium and the background to the transaction on the conference call, but they refused to comment.
NXP Stock Jumps 11% on Acquisition Rumors
NXP Semiconductors (NXPI) stock rose 11% after hours yesterday following rumors of South Korean tech giant Samsung’s (SSNLF) interest in NXP.
Qualcomm Stock Reacts to US-ZTE Deal that Would Lift the Ban
Qualcomm (QCOM) stock rose 3.6% yesterday after the United States reached a deal with ZTE that will lift a seven-year ban.
Qualcomm to Lose the Most in US-China Trade Tensions
Qualcomm earns around $500 million annually from ZTE, which is less than 3% of its $22 billion annual revenue.
Applied Materials: In the Middle of a Growth Cycle
In this series, we’ll see how the strong demand environment in the SME market could impact Applied Materials’ (AMAT) fiscal 3Q17 earnings. AMAT plans to release its earnings on August 17, 2017.
What Efficiency Ratios Say about Qualcomm’s Profitability
Qualcomm had ROE of 2.7%. On the other hand, Broadcom and NXP had ROE readings of 34.2% and 18.1%, respectively.
Qualcomm Clears Clouds of Doubt in Its Fiscal Q3 2018 Earnings
On July 26, Qualcomm stock rose 7% while NXP Semiconductors stock fell 5.7% after the two companies announced the end of their merger talks.
Glenview Capital Management starts new positions in AAP, AMT, DG, NXPI, sells NTAP, ROVI—13F Flash A
Glenview Capital Management is a private investment management firm with more than $7 billion of assets under management. Why buy Advance Auto Parts Inc. (AAP)?
What Refreshes Growth of Nvidia’s Tegra Processors?
On the IP front, Nvidia resolved its patent infringement case against Samsung (SSNLF) and Qualcomm in fiscal 1Q17, saving the former huge legal expenses.
Glenview Capital Management starts new positions in AAP, AMT, DG, NXPI, sells NTAP, ROVI—13F Flash F
Glenview Capital Management is a private investment management firm with more than $7 billion of assets under management. Why sell Rovi Corporation (ROVI)?
NXP Semiconductors is Appaloosa Management’s new position
Appaloosa Management initiated a new position in NXP Semiconductors NV (NXPI) in the third quarter that ended in September 2014. The position accounts for 2.55% of the fund’s total third-quarter portfolio.
Intel-Qualcomm Competition Extends to 5G and Automotive
Qualcomm (QCOM) has already taken the mobile market from Intel (INTC). Qualcomm is now venturing into the server processor market.
High-Yield Bond Issuance Rose Last Week
The total US dollar-denominated issuance of high-yield debt stands at $56.9 billion YTD in 2016—29% lower compared to the same period in 2015.
NXP Stock Rises Due to Q1 Earnings, Expects Weakness Ahead
NXP Semiconductors (NASDAQ:NXPI) stock gained about 3% in the extended trading session after the company reported its first-quarter results.
Can the Nvidia-Mellanox Acquisition Deal Happen Soon?
Chipmaker Nvidia (NVDA) is facing uncertainty around its pending acquisition of Mellanox Technologies (MLNX) amid the US-China trade war concerns.
Analysts Like Marvell Stock amid Trade Deal Hopes
Of the 26 analysts that cover Marvell Technology (MRVL) stock, 22 rated it as a “buy” while four rated it as a “hold.” There were no “sell” ratings on MRVL.
How Will Qualcomm’s Acquisition of NXP Change Its Standing?
Qualcomm (QCOM) can now proceed with its acquisition of fellow semiconductor company NXP Semiconductors (NXPI), as US (SPY) antitrust regulators have recently cleared the deal.
Whirlpool’s position upped in Appaloosa Management
Appaloosa Management upped its position in Whirlpool Corporation (WHR) in the third quarter that ended in September 2014. The position accounts for 4.29% of the fund’s total third-quarter portfolio.
Appaloosa exits position in Expedia
Appaloosa Management exited a position in Expedia, Inc (EXPE) in the third quarter that ended in September 2014. The position accounted for 0.99% of the fund’s total portfolio in the second quarter.
Micron Stock: Why Analysts Think It Is Undervalued
Micron (MU) stock was up 4.21% on Friday and closed at $45.10. MU was trading 12.2% below its 52-week high of $51.39 for a market cap of $49.9 billion.
China Trade Deal: Will Uptrend in Chip Stocks Continue?
The US and China reached the first phase of the trade deal after struggling for over a year. The “very substantial” deal happened after 13 rounds of talks.
Amazon’s VI Initiative: Which Stock To Invest In?
Would you invest in a company that promises a technological utopia? It could be a simple answer – either you invest in it or you don’t.
Amazon Partners with over 30 Companies: VI Initiative
On September 24, Amazon (AMZN) announced the Voice Interoperability Initiative. The announcement was one day before the Amazon hardware event.
NVIDIA-Mellanox Deal at Risk amid Trade War Fears
Chipmaker NVIDIA (NVDA) agreed to acquire data connectivity company Mellanox Technologies (MLNX) for around $7 billion in March.
Qualcomm Faces Multifold Impact of the Huawei Ban
Qualcomm has been among the hardest hit by the Huawei ban, and now it will suffer the effects of the newest round of tariffs.
Qualcomm-Tencent Deal Signals Big Opportunity in China
Qualcomm and Tencent, two giants in their respective industries, have entered into a broad partnership focused on gaming technology.
What to Expect from This Week’s Semiconductor Earnings
So far, semiconductor earnings have raised investors’ expectations about growth in the second half and next year.
NXP Falls 2.5% on Weak Earnings Guidance
This week’s first semiconductor earnings were those of NXP Semiconductors, which released its second-quarter numbers today.
Automotive Drives Cypress’s Second-Quarter Earnings
Cypress Semiconductor (CY) has been in the news as it is being acquired by Germany’s Infineon Technologies for about $10 billion.
Why NXP’s Purchase of Marvell’s Wi-Fi Business Is a Big Deal
NXP Semiconductors (NXPI) is buying Marvell’s (MRVL) wireless connectivity business for $1.8 billion. The business that NXP is purchasing from Marvell consists of Wi-Fi and Bluetooth assets.
What Is Qualcomm Getting in Apple Settlement?
Qualcomm (QCOM) and Apple recently announced a surprise settlement of their epic legal dispute.
Why Semiconductor Stocks Were on Fire Yesterday
Major technology stocks, particularly semiconductor stocks, rose on Wednesday amid the wave of optimism about a trade deal between the US and China.
Why Is the CFO Important for Qualcomm and Intel Investors?
Davis leaving Qualcomm isn’t a positive sign. The company’s management has been under pressure from shareholders.
Are Qualcomm’s Free Cash Flow and Liquidity Position Worrisome?
Qualcomm (QCOM) reported GAAP (generally accepted accounting principles) net income of -$4.9 billion in fiscal 2018.
How Is Intel Compensating Investors through Share Buybacks?
Intel (INTC) has been rewarding its shareholders not only through investments and acquisitions but also via share buybacks and dividends.
What Qualcomm’s Negative Efficiency Ratios Mean to Investors
As Qualcomm’s investment in the NXP acquisition failed to materialize, its ROI (return on investment) took a big hit.
Litigation Costs Drove Qualcomm’s Operating Expenses in 2018
Between the first quarter of fiscal 2017 and the fourth quarter of fiscal 2018, Qualcomm’s operating expenses increased from $1.46 billion to $1.84 billion.
A Look at Applied Materials’ Stock Returns and Valuations
Semiconductor (SMH) company Applied Materials (AMAT) has been on a bull run between September 2015 and March 2018.
What May Come Out of the EU Review of the Disney–Fox Deal
The approval of the Shazam deal is seen as an important victory for Apple in its battle with Spotify (SPOT) for digital music revenues.
Will Qualcomm Pull the Plug on Its Server Business?
Right now, Qualcomm doesn’t have the bandwidth to spend in a market where there are several entry barriers, as the efforts would be high and rewards would likely be low.
Why Intel Intervened in the Broadcom–Qualcomm Deal
Tech giants Microsoft and Google also opposed the Broadcom–Qualcomm deal, expressing concern that it would benefit Apple.
The Trump Administration Intervenes in US Technology Industry
In this series, we’ll evaluate the Broadcom-Qualcomm deal and President Trump’s intervention in private-sector decisions.
Trump Aims to Protect US Semiconductor Industry from IP Theft
The semiconductor industry has been on Trump’s America First agenda.
How Intel Is Using Mobileye for Autonomous Driving
Intel’s (INTC) move toward becoming a data-centric company focuses on network connectivity, deep learning and AI (artificial intelligence) solutions.
How Investors Reacted to Broadcom-Qualcomm-NXP Merger Update
Qualcomm (QCOM) increased its bid to acquire NXP Semiconductors (NXPI) a few days before March 6 showdown where Qualcomm shareholders would vote for or against Broadcom-nominated (AVGO) directors.
Behind Qualcomm’s Battle to Defend Broadcom’s Hostile Takeover
On November 6, 2017, Broadcom made its first unsolicited bid to acquire Qualcomm for $70 per share.
How Broadcom Is Leveraging Qualcomm’s Weak Revenue Guidance
Qualcomm has been trying to woo its shareholders away from voting for Broadcom’s nominated board directors, but its recent earnings aren’t helping.
Qualcomm, NXP, and Broadcom: Their Cash and Debt Positions
At the end of fiscal 2017, Qualcomm had a net cash position of $16.8 billion, with $38.6 billion in cash and $21.8 billion in long-term debt.
What Mergers and Acquisitions Could Open Up for Qualcomm
Qualcomm is looking to venture into automotive, servers, IoT (Internet of Things), and laptops.
Why Teradyne Is on the List of the Most Overbought Semi Stocks
Stock with high trading volumes are typically the ones preferred by institutional investors. These high-trading stocks are also the most volatile.
A Look at Marvell’s Cash and Debt Position
Marvell Technology (MRVL) improved its profitability significantly in the last year by cutting costs and refocusing its research and development efforts on high-margin, high-growth markets.
Acquisition Offers Show Semiconductor Companies’ True Value
The semiconductor industry is in the midst of a consolidation wave that started in 2015 when the volume of deals reached its highest level.
A Closer Look at the Senate’s Tax Bill Amendments
The Senate amendments to reduce the total cost of the tax bill after analysis showed that it would add $1.4 trillion to the budget deficit over ten years.
How Did the Mobileye Acquisition Impact Intel’s Balance Sheet?
Intel (INTC) is increasing its earnings through spending discipline and by focusing its expenses on projects with high ROI (return on investment).
Is Qualcomm Advancing with Its NXP Acquisition?
The acquisition of NXP is vital for Qualcomm (QCOM). The deal would position QCOM as the second-largest semiconductor company with respect to sales, just behind Intel (INTC).
Inside NXP and 5G: Qualcomm’s Window to Future Growth
The licensing battle with Apple (AAPL) and fines from various regulators have significantly reduced Qualcomm’s (QCOM) earnings.
Qualcomm’s Rejection of Broadcom’s Takeover Bid: The End or the Beginning?
In just one week, Qualcomm’s board rejected Broadcom’s $70-per-share offer on the grounds that it undervalued the stock and brought regulatory uncertainty.
How Cypress Semiconductor Posted Record Revenues in 3Q17
Cypress Semiconductor (CY) reported record revenues in 3Q17, supported by expanding bill-of-material coverage. Its IoT wireless connectivity grew 80% year-over-year in 3Q17.
Qualcomm on the Street: The Analysts’ Take
Of the 25 analysts monitoring Qualcomm stock, 44% recommend a “buy,” and 56% recommend a “hold.”
A Look at Qualcomm’s Stock Performance in 2017
Qualcomm is currently in the middle of legal and regulatory headwinds that have eclipsed its progress on the Snapdragon SoC and 5G technology.
Why the NXP Deal Is so Important to Qualcomm
The upward movement in NXP Semiconductors’ (NXPI) stock price saw many analysts doubt the completion of the Qualcomm (QCOM) deal with NXP.
How’s the Qualcomm-NXP Deal Progressing?
The biggest move by Qualcomm (QCOM) to boost future growth so far would have to be its acquisition of automotive semiconductor giant NXP Semiconductors.
Behind Qualcomm’s Efforts in Automotive: Progress Report
Other than laptops, mobile, and IoT (Internet of things), Qualcomm (QCOM) is placing a big bet on automotive.
Can Qualcomm Maintain Its Profit Margins in Fiscal 2017?
Apple (APPL) withheld $1 billion in royalty payments to Qualcomm (QCOM) in fiscal 3Q17, which slashed $1 billion directly from Qualcomm’s profits.
How Repatriation Tax Reform Affects Semiconductor Companies
Qualcomm (QCOM) is using a major portion of its $30 billion overseas cash to acquire Netherlands-based NXP Semiconductors (NXPI).
What Does Elliott Want from NXP-Qualcomm
Qualcomm proposed to acquire NXPI for $38 billion, or $110 per share, in cash. But Elliott, a New York hedge fund, owns 6% equity stake in NXPI.
What’s Qualcomm’s Growth Strategy in the Radio Frequency Market?
Qualcomm (QCOM) is not only expanding its end markets, it’s also expanding in related technologies in order to increase its semiconductor content per device.
Chipset: Qualcomm’s Future Growth Driver
Legal troubles in Qualcomm’s licensing business have affected its profits as strength in QCT (Qualcomm Code-Division Multiple Access Technology) couldn’t offset those losses.
What Factors Are Affecting Qualcomm’s Revenue Growth Story?
Amid ongoing licensing disputes, Apple (AAPL) and one other licensee didn’t pay royalties to Qualcomm, which negatively affected its fiscal 2017 earnings.
What Challenges Does Qualcomm Face in Acquiring NXP?
Qualcomm’s (QCOM) licensing business is undergoing legal turmoil, and this has created the need for it to diversify away from mobile more quickly.
How Will Qualcomm Curb the Contagion Effect from Apple’s Case?
Qualcomm (QCOM) has been in a fierce battle with Apple (AAPL) for over six months with no sign of either party’s backing out.
Microcontroller and Connectivity Business: Cypress’s Growth Driver
Cypress’s MCD revenues rose 8% sequentially to $317.9 million in 1Q17, accounting for 59.8% of the company’s revenues.