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Qualcomm: Instinet Sees Xilinx, ADI, Microchip Similarities to NXP as Targets

Following the collapse of Broadcom’s (AVGO) bid for Qualcomm (QCOM), Instinet’s Romit Shah today took to CNBC to talk with host   Melissa Lee about what lies ahead for both companies. Shah, similar to other analysts today, proposed Broadcom might turn to focusing for the moment on capital returns: Given what’s happened in the last 24 hours, I think there’s a good chance that Broadcom focuses more on capital returns in terms of buybacks and raises their dividend. It’s hard to know what targets of Broadcom might afford a big enough opportunity, he said: I do think they have the ability to do M&A, but this is now a $20 billion company in terms of revenue.