Takeover activity has cooled down a bit in recent months, but there are still some big deals on the horizon.
ADVERTISEMENT
MORGAN STANLEY: These 9 tech companies could be takeover targets
Is one of your stocks on the list?
Christian Chabot CEO of Tableau Software waits, for his company's stock to begin trading on the floor of the New York Stock Exchange
In a note to clients sent March 20, Morgan Stanley updated its Acquisition Likelihood Estimate Ranking Tool (ALERT model), a model that tracks "stock characteristics, cohort membership, and data regarding offers to forecast probabilities that stocks receive tender offers in the coming 12 months."
The update found that the percentage of the 1,000 largest companies receiving takeover offers fell from 5.1% in June 2016 to 3.9% in December 2016 and that stocks with "poor momentum, high gross margins and historically cheap forward P/E received more offers."
In tech sector, M&A activity was relatively flat during that time.
ADVERTISEMENT
Here's a list of the nine tech companies that Morgan Stanley says are most likely to receive takeover offers:
NCR Corp
Ticker: NCR
Price as of March 17, 2017: $44.61
Market Cap: $5.31 billion
ADVERTISEMENT
Industry: Computer & Peripherals
Nuance Communications
Ticker: NUAN
Price as of March 17, 2017: $17.02
ADVERTISEMENT
Market Cap: $4.94 billion
Industry: Software
Cavium
Ticker: CAVM
ADVERTISEMENT
Price as of March 17, 2017: $72.165
Market Cap: $4.78 billion
Industry: Semiconductors & Semiconductor Equipment
Zebra Technologies
ADVERTISEMENT
Ticker: ZBRA
Price as of March 17, 2017: $91.16
Market Cap: $4.70 billion
Industry: Electronic Equipment, Instruments & Components
ADVERTISEMENT
Coherent
Ticker: COHR
Price as of March 17, 2017: $195.69
Market Cap: $4.63 billion
Industry: Electronic Equipment, Instruments & Components
ADVERTISEMENT
Wex
Ticker: WEX
Price as of March 17, 2017: $107.21
Market Cap: $4.51 billion
ADVERTISEMENT
Industry: IT Services
Cypress Semiconductor
Ticker: CY
Price as of March 17, 2017: $13.98
ADVERTISEMENT
Market Cap: $4.44 billion
Industry: Semiconductors & Semiconductor Equipment
Teradata
Ticker: TDC
ADVERTISEMENT
Price as of March 17, 2017: $31.00
Market Cap: $4.04 billion
Industry: IT Services
Tableau Software
ADVERTISEMENT
Ticker: DATA
Price as of March 17, 2017: $49.47
Market Cap: $3.73 billion
Industry: Software
ADVERTISEMENT
See Also:
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT