Company said it would be a joint secondary with Chop and themselves selling.
Earlier this morning, Merrill removed CHKP and NXPI from there #1 Investment list. It was done because neither of the companies reached their price target within 12 months. They still maintain a "buy" on NXPI and a $94 price target.
Put in stop orders to buy going through 40!!
Sentiment: Strong Buy
Drops p/o to $94 from $120. But says current price makes it a compelling "buy". Sets parameters as
a low of 62 and a high of 120. Takeover of FSL major factor, and see 4q approval!
Good report beating expectations! Next year looks like a big winner!!
First, Bernstein says NXPI could hit $200 in the not too distant future, and this morning,
NXPI introduces a new entry Fob for vehicles!