NXP Semiconductors NV Given Average Recommendation of “Buy” by Analysts (NASDAQ:NXPI)
NXP Semiconductors NV (NASDAQ:NXPI) has received a consensus recommendation of “Buy” from the sixteen brokerages that are covering the stock, American Banking News.com reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $60.59.
Several analysts have recently commented on the stock. Analysts at ISI Group initiated coverage on shares of NXP Semiconductors NV in a research note on Thursday, April 10th. They set a “strong-buy” rating and a $85.00 price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of NXP Semiconductors NV from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, analysts at Raymond James upgraded shares of NXP Semiconductors NV from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. They now have a $68.00 price target on the stock, up previously from $54.00.
NXP Semiconductors NV (NASDAQ:NXPI) opened at 58.20 on Monday. NXP Semiconductors NV has a 52 week low of $24.66 and a 52 week high of $63.35. The stock’s 50-day moving average is $57.8 and its 200-day moving average is $47.57. The company has a market cap of $14.652 billion and a price-to-earnings ratio of 42.79. NXP Semiconductors NV also was the recipient of a large growth in short interest in January. As of March 31st, there was short interest totalling 2,776,827 shares, a growth of 46.0% from the March 14th total of 1,901,302 shares. Based on an average daily trading volume, of 3,005,040 shares, the short-interest ratio is currently 0.9 days. Currently, 1.4% of the shares of the stock are sold short.
NXP Semiconductors NV (NASDAQ:NXPI) last released its earnings data on Thursday, February 6th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. On average, analysts predict that NXP Semiconductors NV will post $4.25 earnings per share for the current fiscal year.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a holding company.
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