Chipmakers such as Qualcomm and Cypress Semiconductor see healthy growth ahead through the “Internet of Medical Things.” In one example, Qualcomm (QCOM) and health-records software maker Cerner (CERN) are partnering to move health monitoring out of hospitals and into patients’ homes. Cerner uses Qualcomm’s chips to collect data from mobile medical devices and securely transmit the information to doctors and nurses so they can remotely manage
A day after Reuters reported that chipmaker Atmel (ATML) has hired a firm to explore strategic alternatives including a possible sale, one analyst increased his price target on Atmel stock. FBR Capital Markets analyst Christopher Rolland, in a research report Tuesday, raised his price target on Atmel stock to 12 from 10, saying the company “remains our top takeout candidate.” Rolland says suitors could include Qualcomm (QCOM), Avago Technologies
Intel (INTC) needs to hit a home run with its Altera acquisition, says a Morgan Stanley semiconductor M&A report, which adds that deals focused on cost savings and profit margins have proved the most successful for chipmakers. Morgan Stanley analyst Joseph Moore says chip industry consolidation appears to be “in the middle innings,” with more acquisitions to come. Moore views Qualcomm (QCOM), Texas Instruments (TXN), Micron Technology (MU) and