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Research analysts at Pacific Crest hoisted their price objective on shares of NXP Semiconductors NV (NASDAQ:NXPI) from $72.00 to $80.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. Pacific Crest’s price target indicates a potential upside of 20.41% from the stock’s previous close.

Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded down 0.41% on Monday, hitting $66.165. The stock had a trading volume of 1,815,486 shares. NXP Semiconductors NV has a 52-week low of $29.03 and a 52-week high of $66.48. The stock’s 50-day moving average is $61.99 and its 200-day moving average is $54.53. The company has a market cap of $16.657 billion and a price-to-earnings ratio of 36.13. NXP Semiconductors NV also was the recipient of a large decline in short interest in the month of May. As of May 30th, there was short interest totalling 1,795,748 shares, a decline of 24.0% from the May 15th total of 2,364,185 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 2,843,032 shares, the short-interest ratio is presently 0.6 days.

NXP Semiconductors NV (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 23rd. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.04. Analysts expect that NXP Semiconductors NV will post $4.40 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on NXPI. Analysts at FBR Capital Markets initiated coverage on shares of NXP Semiconductors NV in a research note on Thursday, June 12th. They set an “outperform” rating and a $76.00 price target on the stock. Separately, analysts at Zacks downgraded shares of NXP Semiconductors NV from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $65.80 price target on the stock. Finally, analysts at TheStreet upgraded shares of NXP Semiconductors NV from a “hold” rating to a “buy” rating in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $65.93.

NXP Semiconductors N.V. (NASDAQ:NXPI) is a holding company.

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