Broadcom has cut its offer in the hostile takeover bid for rival chipmaker Qualcomm from $121bn to $117bn. Net profit margin of NXP Semiconductors NV (NXPI) was recorded at 23.9 percent, operating profit margin was 22.3 percent, while gross profit margin stands at 49.9 percent.
Broadcom's previous offer was $82 per share.
X Broadcom said Qualcomm's revised offer for NXP amounted to a transfer of value to NXP shareholders.
Under the new terms agreed with NXP's board, the deal with Qualcomm is contingent on 70 percent of NXP's shares being tendered, instead of the 80 percent threshold required in the earlier agreement signed in October 2016. The institutional investor held 196,710 shares of the commercial physical & biological resarch company at the end of 2017Q3, valued at $3.74M, up from 154,530 at the end of the previous reported quarter.
Some buy side analysts are also providing their Analysis on NXP Semiconductors NV, where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 3 said it's a HOLD, and 0 analysts rated the stock as Sell. The company has an average rating of "Hold" and a consensus target price of $117.00. The proposed deal's value still tops more than $121 billion in cash and stock. SunTrust Banks lifted their price objective on NXP Semiconductors to $127.50 and gave the company a "hold" rating in a research report on Tuesday. The Volatility was noted at 4.84% in recent month and it observed Weekly Volatility of 3.40%. Jefferies maintained the stock with "Buy" rating in Friday, April 29 report.
ILLEGAL ACTIVITY WARNING: "Somewhat Positive News Coverage Somewhat Unlikely to Affect NXP Semiconductors (NASDAQ:NXPI) Share Price" was published by Week Herald and is owned by of Week Herald. Annual EPS Growth of past 5 years is 73.40%. It also increased its holding in Citrix Sys Inc (Prn) by 11.50M shares in the quarter, for a total of 38.00M shares, and has risen its stake in Priceline Grp Inc (Prn). (NYSE:RLGY) stock price started the day at $25.99 and moved between $ 24.43 - 26.02 to finally close at $24.55. For this NXPI's 20 days and 50 days MA (moving average) comparison clear the blur picture.
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Stock has got OUTPERFORM rating from 0 analyst (s) whereas last month 0 analyst (s) have given outperform rating.