NXP Semiconductors Price Target Raised to $45.00 at Sterne Agee (NXPI)
Analysts at Sterne Agee upped their target price on shares of NXP Semiconductors (NASDAQ:NXPI) from $41.00 to $45.00 in a research report issued to clients and investors on Wednesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price objective points to a potential upside of 22.85% from the stock’s previous close.
A number of other firms have also recently commented on NXPI. Analysts at Zacks upgraded shares of NXP Semiconductors from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $41.70 price target on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of NXP Semiconductors in a research note to investors on Friday, October 4th. They set an “outperform” rating and a $45.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of NXP Semiconductors from a “conviction-buy” rating to a “buy” rating in a research note to investors on Monday, September 23rd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. NXP Semiconductors has an average rating of “Buy” and a consensus target price of $40.65.
NXP Semiconductors (NASDAQ:NXPI) traded up 0.14% on Wednesday, hitting $36.63. The stock had a trading volume of 3,782,205 shares. NXP Semiconductors has a 52 week low of $20.57 and a 52 week high of $39.46. The stock has a 50-day moving average of $37. and a 200-day moving average of $32.4. The company has a market cap of $9.123 billion and a price-to-earnings ratio of 96.77.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.
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