Shares of NXP Semiconductor ( NXPI) were up 1.94% in premarket trading to $26.94 after the company held its first Investor Day in New York. Credit Suisse analyst John Pitzer noted that NXP "delivered an upbeat message and highlighted the potential to deliver LT EPS power in excess of $4.00." He also noted that NXP's management continued to suggest that it will use its free cash flow to pay down its debt, ultimately achieving an investment grade rating on its debt. Pitzer rated shares overweight with a $33 price target.
Cirrus Logic ( CRUS) shares gained 1.44% to $42.40 in premarket trading as Canaccord Genuity raised its price target, ahead of a likely earnings increase, thanks to its relationship with Apple. "We reiterate a BUY rating on shares of