NXP Semiconductors Hits New 52-Week High at $47.20 (NXPI)
Shares of NXP Semiconductors (NASDAQ:NXPI) hit a new 52-week high during mid-day trading on Friday, American Banking News reports. The stock traded as high as $47.20 and last traded at $46.73, with a volume of 2,471,670 shares trading hands. The stock had previously closed at $46.00.
A number of research firms have recently commented on NXPI. Analysts at Susquehanna raised their price target on shares of NXP Semiconductors from $48.00 to $50.00 in a research note to investors on Tuesday. They now have a “positive” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of NXP Semiconductors from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $44.00 price target on the stock. Finally, analysts at Drexel Hamilton initiated coverage on shares of NXP Semiconductors in a research note to investors on Wednesday, November 13th. They set a “buy” rating and a $50.00 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. NXP Semiconductors currently has an average rating of “Buy” and an average price target of $47.98.
NXP Semiconductors has a 52-week low of $24.66 and a 52-week high of $46.32. The stock’s 50-day moving average is $43.73 and its 200-day moving average is $38.70. The company has a market cap of $11.499 billion and a price-to-earnings ratio of 85.34.
NXP Semiconductors (NASDAQ:NXPI) last released its earnings data on Thursday, October 24th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. On average, analysts predict that NXP Semiconductors will post $3.24 earnings per share for the current fiscal year.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.
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