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Qualcomm (QCOM) to Buy NXP Semiconductors for $47 Billion

30 October 2016

Peconic Partners LLC increased its stake in shares of NXP Semiconductors NV by 3.2% in the first quarter. During the third quarter of 2016, NXP repurchased approximately 6.5 million shares for a total cost of approximately $555 million. BlackRock Institutional Trust Company N.A. increased its stake in shares of NXP Semiconductors NV by 114.3% in the second quarter.

Institutional investors have recently added to or reduced their stakes in the stock. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company's common stock.

An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels. The stock has a 50-day moving average price of $94.39 and a 200 day moving average price of $87.75.

It's not just about new markets, though.

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. The firm earned $2.47 billion during the quarter, compared to analysts' expectations of $3.08 million. Marketplace revenue was up 5% on an FX-Neutral basis and 2% on an as-stated basis, driven by GMV growth of 4% on an FX-Neutral basis and 2% on an as-stated basis in addition to growth in Marketing Services & Other revenue. During the same quarter previous year, the business posted $1.57 EPS.

The biggest global acquisition of the year, AT&T's planned buy of media company Time Warner Inc for $85.4 billion, which is expected to face considerable regulatory scrutiny, will spur the second-largest United States bridge loan financing ever.

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Several brokerages have commented on NXPI.

Rick Clemmer, CEO of NXP, stated, "The combination of Qualcomm and NXP will bring together all technologies required to realize our vision of secure connections for the smarter world, combining advanced computing and ubiquitous connectivity with security and high performance mixed-signal solutions including microcontrollers".

Qualcomm said it would offer $110 per share in cash, a premium of 11.5 per cent to NXP Semiconductor's Wednesday's close.

Receive NXP Semiconductors NV News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors NV with MarketBeat.com's FREE daily email newsletter. 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. But rising opportunities with Chinese handset makers led Walkley to reiterate his buy rating on QCOM, and hoist its price target to 75, from 70. The company has an average rating of "Buy" and a consensus target price of $104.29.

SunTrust has downgraded NXP Semi (NASDAQ:NXPI) from Buy to Hold in a report released on 10/28/2016.

Qualcomm (QCOM) to Buy NXP Semiconductors for $47 Billion