Share on StockTwits
 

Stock analysts at Pacific Crest increased their target price on shares of NXP Semiconductors (NASDAQ:NXPI) from $50.00 to $60.00 in a report issued on Friday, StockRatingsNetwork.com reports. Pacific Crest’s target price would suggest a potential upside of 15.27% from the company’s current price.

NXP Semiconductors (NASDAQ:NXPI) traded up 4.94% during mid-day trading on Friday, hitting $52.05. The stock had a trading volume of 6,754,683 shares. NXP Semiconductors has a 52 week low of $24.66 and a 52 week high of $52.06. The stock’s 50-day moving average is $45.76 and its 200-day moving average is $40.34. The company has a market cap of $13.104 billion and a P/E ratio of 92.02. NXP Semiconductors also was the target of unusually large options trading on Wednesday. Investors purchased 7,508 put options on the stock. This is an increase of 979% compared to the typical daily 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.

NXPI has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of NXP Semiconductors from $42.00 to $48.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.82.

NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.