In the same note, Goldman also downgraded Maxim (MXIM) to sell from neutral and cut its 6-month price target on the stock to $16 from $19, mainly because of valuation.
Shares of Maxim, however, took the call in stride, trading down 6 cents to $16.78 just prior to the closing bell on lighter than normal volume.
Shares of Texas Instruments and Broadcom were both off slightly ahead of the session's close, while NXP's stock was up 4% to $12.75 in late trades.
Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
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