NXP Semiconductors N.V. (NASDAQ: NXPI) was reiterated as Overweight and its price target was raised to $122 from $110. It closed Monday at $109.46, in a 52-week range of $58.41 to $139.59. The stock was last seen up about 3% at $113.25, with a consensus price target of $117.55.

Xilinx Inc. (NASDAQ: XLNX) was reiterated as Overweight and its price target was raised to $108 from $90. It closed Monday at $90.63 a share, in a 52-week range of $67.68 to $133.00. Xilinx stock recently traded up about 3% at $93.59, and its consensus price target was $95.90.

Equal Weight (as in Hold or Neutral elsewhere):

Micron Technology Inc. (NASDAQ: MU) was maintained as Equal Weight but its price target was raised to $63 from $52 (versus a $49.24 close). The consensus target price was $61.87 ahead of the call. Micron was up about 2.8% at $60.65 on Tuesday, with a 52-week range of $31.13 to $61.19.

Marvell Technology Ltd. (NASDAQ: MRVL) was maintained as Equal Weight, but Moore raised his target to $36 from $33.50. Shares closed Monday at $34.39, in a 52-week range of $16.45 to $36.92. Marvell stock traded relatively flat early Tuesday at $34.36. Its consensus analyst target is $34.43.

Applied Materials Inc. (NASDAQ: AMAT) was reiterated as Equal Weight but the price target was still raised to $60 from $42.50. It closed Monday at $57.05, within a 52-week range of $36.64 to $69.44. Applied Materials stock was last seen up about 3% at $58.72 in Tuesday’s session, and its consensus price target is $68.18.

Skyworks Solutions Inc. (NASDAQ: SWKS) was maintained as Equal Weight and its price target was raised to $124 from $90. The stock closed on Monday at $127.24. It has a 52-week range of $67.90 to $138.22, and the stock was last seen up about 1% at $128.71. The consensus price target is $117.65.

Underweight (or Sell elsewhere):

Texas Instruments Inc. (NASDAQ: TXN) was maintained as Underweight but its price target was raised to $108 from $94 in the call. Its shares closed at $124.23 on Monday, and it was up another 1.8% at $126.50 on Tuesday with a strong market day. Texas Instruments has a 52-week range of $93.09 to $135.70, and its consensus price target was $119.68.

ON Semiconductor Corp. (NASDAQ: ON) was maintained as Underweight, but Moore raised his target to $14 from $12. Shares at $19.56 on Monday and were up 1.4% at $19.83 heading into Tuesday’s midday trading. They have a consensus target of $19.05 and a 52-week trading range of $8.17 to $25.92.

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use