Stifel Nicolaus Initiates Coverage on NXP Semiconductors NV (NXPI)
Stifel Nicolaus assumed coverage on shares of NXP Semiconductors NV (NASDAQ:NXPI) in a research note issued on Friday. The firm set a “buy” rating and a $78.00 price target on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 22.41% from the stock’s previous close.
Shares of NXP Semiconductors NV (NASDAQ:NXPI) opened at 63.72 on Friday. NXP Semiconductors NV has a 1-year low of $34.66 and a 1-year high of $67.79. The stock has a 50-day moving average of $64.44 and a 200-day moving average of $59.88. The company has a market cap of $16.042 billion and a P/E ratio of 30.73. NXP Semiconductors NV also was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 2,365,227 shares, an increase of 42.9% from the July 15th total of 1,654,966 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,003,048 shares, the days-to-cover ratio is currently 0.6 days.
NXP Semiconductors NV (NASDAQ:NXPI) last released its earnings data on Wednesday, July 23rd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity initiated coverage on shares of NXP Semiconductors NV in a research note on Friday, August 8th. They set a “buy” rating and a $78.00 price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.32.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a holding company.
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