Texas Instruments (TXN) and Analog Devices (ADI) could grapple for Maxim Integrated Products (MXIM), which is rumored to be on the sales block amid heavy chip industry M&A action. Maxim stock was up 7% Wednesday afternoon on a report that Texas Instruments was looking to acquire the company. Reports last week had Analog Devices doing the same. Texas Instruments stock was down nearly 1% in afternoon trading in the stock market today, while Analog
Texas Instruments (TXN) and Mellanox Technologies (MLNX) topped analysts’ Q3 views late Wednesday and, on Thursday, both semiconductor companies enjoyed price target hikes and increases on Wall Street. And, although Texas Instruments isn’t publicly acquisitive, at least one analyst suggested it might need to jump on the recent semiconductor M&A bandwagon. In afternoon trading Thursday, Texas Instruments stock was up nearly 12%. Mellanox stock was
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