Stellantis (STLA) secures $11.2B in semiconductor chip contracts

Official from Stellantis' (STLA) Fiat unit pleads guilts in felony emissions probe

July 20, 2023 1:45 PM EDT

According to the U.S. Justice Department, an executive from Stellantis-owned Fiat Chryslers U.S. business unit has confessed to a felony charge for conspiring to breach the Clean Air Act.

This plea is a consequence of a prolonged investigation by the department regarding emissions fraud related to diesel engine vehicles. The individual involved,... More

Intel (INTC) 'likely to underperform' says Wolfe Research

July 20, 2023 10:40 AM EDT

Wolfe Research said it remains "selectively positive" on semiconductor stocks, starting names such as AMD (NASDAQ: AMD), NVIDIA (NASDAQ: NVDA), and Qualcomm (NASDAQ: QCOM) at Outperform, but it assigned Intel (NASDAQ:... More

3 stocks with a favorable risk/reward into earnings - KeyBanc

July 18, 2023 2:16 PM EDT

As we head into earnings season, KeyBanc Capital Markets released a note on semiconductor stocks, listing three names they believe have a favorable risk/reward into their earnings releases:

NVIDIA (NASDAQ: NVDA): Overweight-rated Nvidia is best positioned fundamentally,... More

Stellantis (STLA) Implements Multifaceted Semiconductor Strategy to Ensure Supply Security, Drive Innovation

July 18, 2023 8:03 AM EDT

Stellantis Implements Multifaceted Semiconductor Strategy to Ensure Supply Security, Drive Innovation

Stellantis strategy combines agreements with chip makers for critical semiconductors, purchase of parts, and full visibility of future chip needsSemiconductors play key roles in delivering capabilities and features in upcoming... More

ON Semiconductor (ON) PT Raised to $120 at BofA Securities

July 18, 2023 6:22 AM EDT

BofA Securities analyst Vivek Arya raised the price target on ON Semiconductor (NASDAQ: ON) to $120.00 (from $110.00) while maintaining a Buy rating.... More

NXP Semiconductors NV (NXPI) PT Raised to $245 at Wells Fargo into earnings amid a favorable risk-reward setup

July 18, 2023 5:15 AM EDT

Wells Fargo analyst Gary Mobley raised the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $245.00 (from $200.00) while maintaining an Overweight rating.

"We believe a favorable risk-reward setup exists for NXPI heading into the company's 2Q23 earnings print on 7/24. Shares have... More

U.S. chip lobby presses Biden to refrain from further China curbs

July 17, 2023 10:46 AM EDT

By Stephen Nellis, Karen Freifeld and Andrea Shalal

(Reuters) - The U.S.-based Semiconductor Industry Association trade group on Monday called on the Biden administration to "refrain from further restrictions" on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China policy.

The statement came as the Biden administration considers updating a sweeping set of rules... More

NXP Semiconductors NV (NXPI) PT Raised to $230 at Deutsche Bank

July 17, 2023 9:22 AM EDT

Deutsche Bank analyst Ross Seymore raised the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $230.00 (from $200.00) while maintaining a Buy rating.... More

Impinj (PI) Wins Patent Infringement Lawsuits Against NXP Semiconductors (NXPI); Jury Awards $18M

July 17, 2023 9:01 AM EDT

Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it prevailed in two RAIN RFID patent-infringement lawsuits. On July 14, a federal jury in California found that NXP Semiconductors (NASDAQ: NXPI) infringed two of Impinjs patents, one willfully. The jury awarded Impinj approximately $18.5M in damages and lost profits. In June, a federal jury in Washington found that Impinj did not infringe an NXP patent on which NXP sued Impinj. The cases stem from a patent-infringement lawsuit... More

Citi Issues Five Catalyst Watches (AMD) (INTC) (TXN) (GFS) (NXPI)

July 17, 2023 7:27 AM EDT

Citi issues Five Catalyst Watches.

GLOBALFOUNDRIES (NASDAQ: GFS) 90-day downside catalyst watch.AMD (NASDAQ: AMD) 90-day downside catalyst watch.Texas Instruments (NASDAQ: TXN) 90-day downside catalyst watch.NXP Semiconductors (NASDAQ: NXPI) 90-day upside catalyst watch.Intel (NASDAQ: INTC) 90-day upside catalyst watch.... More

Qualcomm (QCOM) Declares $0.80 Quarterly Dividend; 2.6% Yield

July 14, 2023 9:00 AM EDT

Qualcomm (NASDAQ: QCOM) declared a quarterly dividend of $0.80 per share, or $3.2 annualized.

The dividend will be payable on September 21, 2023, to stockholders of record on August 31, 2023, with an ex-dividend date of August 30, 2023.

The annual yield on the dividend is 2.6... More