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Investment analysts at Canaccord Genuity started coverage on shares of NXP Semiconductors NV (NASDAQ:NXPI) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

NXP Semiconductors NV (NASDAQ:NXPI) opened at 60.50 on Friday. NXP Semiconductors NV has a 52-week low of $34.66 and a 52-week high of $67.79. The stock has a 50-day moving average of $64.85 and a 200-day moving average of $59.42. The company has a market cap of $15.231 billion and a P/E ratio of 30.69.

NXP Semiconductors NV (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.04. On average, analysts predict that NXP Semiconductors NV will post $4.65 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NXP Semiconductors NV in a research note on Friday, July 25th. They now have a $75.00 price target on the stock, up previously from $68.00. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of NXP Semiconductors NV in a research note on Friday, July 25th. They now have a $80.00 price target on the stock, up previously from $72.00. Finally, analysts at Topeka Capital Markets raised their price target on shares of NXP Semiconductors NV from $72.00 to $76.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.41.

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

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