Bank of America assigns CY2027 price targets: ADI $400, MCHP $95, NXPI $245, ALGM $45, using respective PE multiples.
Analysts cite strong positioning in AI, aerospace, defense, EV and ADAS markets, expecting gains to offset weakness in automotive and consumer segments.
Microchip opened an Alabama plant for hydrogen maser atomic clocks and expanded its dsPIC33A digital signal controller family.
NXP posted Q1 results beating estimates and raised Q2 guidance, prompting Cantor Fitzgerald and Truist to lift price targets.