NEW YORK, NY / ACCESSWIRE / May 15, 2018 / NXP Semiconductors shares were exploding in Monday's trading session after it was revealed by Bloomberg that China's Ministry of Commerce has been asked to speed up the review of Qualcomm acquiring the company. It was an upbeat day for semiconductor stocks in general as President Trump has asked Commerce Secretary Wilbur Ross to look into the U.S. restrictions that were placed on China's ZTE Corp. Shares of Nova Measuring also saw a gain closing up a little over 2%.

RDI Initiates Coverage on:

NXP Semiconductors N.V.
https://www.rdinvesting.com/report/?ticker=NXPI

Nova Measuring Instruments Ltd.
https://www.rdinvesting.com/report/?ticker=NVMI

NXP Semiconductors N.V. shares were soaring in Monday trading. The stock closed up 11.85% on about 23 million shares traded. Bloomberg reported that Chinese regulators will begin their review on the potential acquisition of NXP Semiconductors by Qualcomm. Last Friday Qualcomm had announced it was extending its tender offer for all outstanding shares of NXPI stock to May 25, 2018. Traders were also enthusiastic as well as hopeful on Monday that Qualcomm would be able to complete its acquisition after recent China trade news. President Trump made a statement about getting ZTE, a smartphone maker, running again. Trump tweeted over the weekend that he's working on getting China's ZTE "back into business" following U.S. sanctions. The prospect of restrictions being lifted sent semiconductor shares higher.

Access RDI's NXP Semiconductors N.V. Research Report at:
https://www.rdinvesting.com/report/?ticker=NXPI

Nova Measuring Instruments Ltd. shares had a modest close in the green yesterday with a gain of 2.12%. The semi-conductor company which makes monitoring systems used in chip manufacturing, didn't have any particular news, but may have seen a bump after Wall Street seemed hopeful about Chinese trade talks becoming more friendly. It was earlier in the month that Nova reported first quarter earnings. The Israel-based company reported a profit of $14.1 million for the quarter, or 49 cents per diluted share. This was better than the guided $0.29 to $0.40 a share. Adjusted earnings per share were 54 cents while revenue hit a record of $62.6 million, a growth of 15% YOY. It was also better than the $54 to $60 million in revenue the company had guided. Looking ahead, Nova expects revenue in the range of $57 million to $63 million for the second quarter and earnings per share in the range of 35 cents to 45 cents.

Access RDI's Nova Measuring Instruments Ltd. Research Report at:
https://www.rdinvesting.com/report/?ticker=NVMI

Our Actionable Research on NXP Semiconductors N.V. (NASDAQ: NXPI) and Nova Measuring Instruments Ltd. (NASDAQ: NVMI) can be downloaded free of charge at Research Driven Investing.

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