|Bid||103.55 x 200|
|Ask||103.80 x 800|
|Day's Range||102.00 - 106.00|
|52 Week Range||90.83 - 125.93|
|PE Ratio (TTM)||36.86|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||120.31|
How Was the First Half of 2018 for Qualcomm? Qualcomm (QCOM) has been at the center of the US-China (FXI) trade war. The climax of its almost-two-year acquisition of NXP Semiconductors (NXPI) is set to be revealed on July 25, the same day Qualcomm is slated to release its fiscal Q3 2018 earnings.
SAN DIEGO, July 20, 2018 /PRNewswire/ -- Qualcomm Incorporated (QCOM) today announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP, as amended (the "Purchase Agreement").
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Qualcomm (NASDAQ: QCOM), one of the largest American telecom equipment companies, has been trying to settle its $43 billion acquisition of Dutch automotive chip firm NXP Semiconductors (NASDAQ: NXPI) for almost two years. Qualcomm is one of the industry pioneers when it comes to 3G, 4G and other next-gen wireless tech, and the company has reported strong fundamentals in the recent quarters.
U.S. stock futures are mixed this morning. Corporate earnings remain front and center, with strong results from Morgan Stanley (NYSE:MS) helping to boost market sentiment.
NXP Semiconductors N.V. (NXPI) has been named one of the world’s most impactful Industrial Internet of Things (IIoT) companies based on recent research by IoT ONE (iotone.com). “From end-node to the cloud, NXP provides an unrivaled portfolio for supporting the incredible growth of smart, connected solutions for the IIoT – including microcontrollers, microprocessors, connectivity, analog, sensors and RF technologies,” said Erik Walenza, CEO, IoT ONE. In addition to ranking #4 on the IoT ONE 500 Top Industrial IoT Index, NXP’s announced it’s new Industrial Competency Center.
For today, WallStEquities.com scans NXP Semiconductors N.V. (NASDAQ: NXPI), Inphi Corp. (NYSE: IPHI), Integrated Device Technology Inc. (NASDAQ: IDTI), and Intel Corp. (NASDAQ: INTC). According to a PatSnap report, the main technology areas in the Semiconductor Broad Line space are semiconductor devices, electric solid-state devices, electric digital data processing, and static stores.
After a 19-month saga in which the companies found themselves pawns in an international trade war, Qualcomm Inc.’s tortured effort to buy Dutch chipmaker NXP Semiconductors NV will be resolved this time next week – one way or another. Back in April, the two companies set themselves a deadline of July 25 to complete the $43 billion takeover, as they awaited regulatory clearance from China’s Ministry of Commerce. While Qualcomm is based in San Diego, most of its sales are made in China.
Wrestling Chinese regulators and fending off a hostile takeover, the chip giant has left investors frustrated this year.
SAN DIEGO, July 13, 2018 /PRNewswire/ -- Qualcomm Incorporated (QCOM) today announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP, as amended (the "Purchase Agreement").
MOSCOW, July 12, 2018-- As a pioneer and innovator for smart stadium solutions, NXP Semiconductors N.V. today announced that with the use of its MIFARE ® products, it helps bring secure, contactless ticketing ...
The ban on China's No. 2 telecommunications equipment maker will be removed once the company deposits $400 million in an escrow account, the U.S. Commerce Department said in a statement announcing that an escrow agreement had been signed. The ban, which was imposed in April and caused ZTE to cease major operations, has been a source of friction between Washington and Beijing, which are engaged in an escalating trade dispute. ZTE did not immediately respond to a request for comment.
After dropping close to 4% in early-Wednesday trading on news that that the Trump Administration has floated a giant new Chinese tariff list, NXP is trading 17% below Qualcomm revised $127.50-per-share buyout price. In April, Qualcomm and NXP announced that they had extended the end date for their deal agreement, originally inked in the fall of 2016, by three months to July 25. Qualcomm said that if it hasn't received the go-ahead from China's Ministry of Commerce (MOFCOM) by that date, it will pay NXP a $2 billion merger termination fee by the morning of the 26th.
After the White House’s latest threat of 10 percent tariffs on $200 billion of Chinese goods, officials in Beijing are looking to “hit back in other ways,” according to a report by the Wall Street Journal.
President Donald Trump released a list of $200 billion worth of Chinese goods that could be subject to tariffs, escalating the China trade war. Dow Jones futures, Apple, Boeing and Tesla were indicated lower.
In the first half of 2018, the White House had to step in to save Qualcomm (QCOM) from what was shaping up to be a hostile takeover by Broadcom (AVGO). Broadcom had been pursuing Qualcomm for months, beginning with an unsolicited $103 billion bid to buy Qualcomm in November 2017. Broadcom would later raise the bid to $121 billion, but Qualcomm would still have none of it.
Qualcomm Inc. (qcom) said Friday it was extending its cash tender offer for chipmaker NXP Semiconductor N.V.'s (nxpi) outstanding shares, for at least the 28th time in the last year and a half. Qualcomm said as of 5:00 p.m. on July 5, about 5.6% of the outstanding NXP shares have been validly tendered, up from 5.3% as of June 28. The tender offer is part of the merger agreement dated Oct. 27, 2016, with the first extension of the offer announced on Feb. 6, 2017.
SAN DIEGO, July 6, 2018 /PRNewswire/ -- Qualcomm Incorporated (QCOM) today announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP, as amended (the "Purchase Agreement").
Take heart Qualcomm and NXP Semiconductors . You now have company -- Micron Technology . The potential trade war between the U.S. and China has entangled another combatant in the form of Micron.
Micron Technology (MU) stock fell 7% on news of potential restrictions on Chinese (FXI) investments and exports to China. However, the stock recovered slightly after the White House eased investment restrictions. Another chip company sensitive to US relations with China is Qualcomm (QCOM), a leader in the smartphone chip market.
With expected tariffs on more Chinese products perhaps only days away, investors betting on which companies are the most exposed should direct their sights toward Qualcomm Inc. ( QCOM), a maker of mobile chips that does lots of business in China. Shares have been under pressure for more than a month as investors worry about a potential trade war with China. Qualcomm’s proposed $44 billion bid for NXP Semiconductors N.V. ( NXPI), the Dutch chipmaker, still needs approval in China.
NXP Semiconductors N.V. (NXPI), has announced the next phase in its Smart City collaboration with Columbus, Ohio, the winner of the 2016 U.S. Department of Transportation’s $40 million Smart City Challenge. NXP will contribute key technologies for smart and safe mobility to the Smart Columbus Experience Center. On June 30, 2018, the City of Columbus celebrated the opening of its Smart Columbus Experience Center.
Qualcomm (QCOM) shares declined 1.1% on June 26. The shares continued Monday’s decline when the stock lost 2.5%. US stocks were generally down on June 25 as investors worried about the escalating trade conflict between the US and China. A report claimed that the Trump Administration might be considering more trade actions against China. One possibility would be curbing China’s investment in US technology companies. President Trump’s top trade adviser, Peter Navarro, said that there aren’t any plans to curb foreign investment in US technology companies.
It’s certainly been a wild year for Qualcomm (NASDAQ:QCOM). There was an attempted hostile takeover from Broadcom (NASDAQ:AVGO) as well as difficulties with the acquisition of NXP Semiconductors (NASDAQ:NXPI), which stalled because of the U.S.-Chinese trade tensions.
Qualcomm, which supplies chips to Android smartphone makers and Apple, will become the leading supplier to the fast-growing automotive chip market if the deal goes through. The biggest-ever deal in the semiconductor industry has faced hurdles from the onset, starting with the opposition from NXP shareholders who complained that Qualcomm's $110 per share offer undervalued the company. The shareholders, which included hedge funds Elliott Advisors (UK) Ltd and Soroban Capital Partners LP, held out for more than a year since the offer was made in 2016.