NASDAQ:QTNA - Nasdaq -
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ON Semi (NASDAQ:ON) gains 1.2% pre-market after Chinese antitrust officials approve its $1.07B acquisition of Quantenna (NASDAQ:QTNA) without any conditions.Source: Bloomberg.
Germany’s Infineon said it would purchase California-based Cypress Semiconductor for $23.85 a share, in an €8.4 billion ($9.4 billion) deal.
Infineon Technologies plans to buy Cypress Semiconductor for about $10 billion. The combination will create the No. 1 supplier of automotive chips.
News that the Wi-FI chipmaker would be acquired at a premium sent shares soaring.
Let's go over the basics of this deal.
A chip industry peer might see strategic value in Cypress' Wi-Fi and microcontroller assets, and be willing to brave an uncertain trade and regulatory environment to make a bid.
But Craig Hettenbach cautions that there remains a “challenging M&A regulatory environment” that could be a headwind to any potential deal that requires approval from Chinese regulators.
Cypress Semiconductor shares surged Wednesday on a report that the chipmaker might be a takeover target. Cypress stock jumped as much as 14.6% on the news.
A report says Cypress Semiconductor is considering a sale after receiving takeover interest.
Chip stocks rallied on Wednesday thanks to a spate of positive news. Chipmakers AMD and Intel received fresh buy ratings from a Wall Street firm.
ON Semiconductor will bolster its wireless chip portfolio with the purchase of hot chip stock Quantenna Communications. Quantenna rocketed on the news.
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Gainers Euro Tech Holdings Company Limited (NASDAQ: CLWT) shares climbed 102.06 percent to close at $6.85 on Thursday after surging 8.65 percent on Wednesday. Tricida, Inc. (...
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Toward the end of trading Thursday, the Dow traded up 0.2 percent to 25,675.84 while the NASDAQ climbed 0.22 percent to 7,660.33. The S&P also rose, gaining 0.2 percent to 2,...
Finding the best semiconductor stocks to buy involves understanding the health of the markets that purchase chips for their products.
The Dow lacked direction Thursday as markets waited for fresh catalysts, while global growth worries remained in the background.
Morgan Stanley analyst Joseph Moore downgraded Quantenna Communications (QTNA – Research Report) to Hold today and set a price target of $24.50. The company’s shares closed yesterday at $20.50, close to its 52-week high of $21.65. According to TipRanks.com, Moore is a 5-star analyst with an average return of 11.1% and a 57.2% success rate.
Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Lululemon Athletica Inc (LULU – Research Report) and Quantenna Communications (QTNA – Research Report). Lululemon Athletica Inc (LULU) Oppenheimer analyst Brian Nagel maintained a Buy rating on Lululemon Athletica Inc today and set a price target of
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