NXP Semiconductors Price Target Raised to $48.00 at JPMorgan Chase & Co. (NXPI)
Equities researchers at JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors (NASDAQ:NXPI) from $42.00 to $48.00 in a research report issued on Friday, American Banking News.com reports. JPMorgan Chase & Co.’s price objective suggests a potential downside of 7.78% from the stock’s previous close.
A number of other firms have also 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, January 14th. 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. NXP Semiconductors presently has an average rating of “Buy” and a consensus target price of $49.82.
NXP Semiconductors (NASDAQ:NXPI) traded up 4.94% on Friday, hitting $52.05. 6,754,683 shares of the company’s stock traded hands. NXP Semiconductors has a 52-week low of $24.66 and a 52-week high of $52.06. The stock has a 50-day moving average of $45.76 and a 200-day moving average of $40.34. The company has a market cap of $13.104 billion and a price-to-earnings ratio of 92.02. NXP Semiconductors also was the target of some unusual options trading activity on Wednesday. Stock investors acquired 7,508 put options on the stock. This is an increase of approximately 979% compared to the average volume of 696 put options.
NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.95 by $0.45. Analysts expect that NXP Semiconductors will post $4.14 EPS for the current fiscal year.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.
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