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Shares of NXP Semiconductors NV (NASDAQ:NXPI) reached a new 52-week high on Friday , American Banking & Market News reports. The company traded as high as $69.50 and last traded at $68.98, with a volume of 3,217,252 shares changing hands. The stock had previously closed at $66.96.

NXPI has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of NXP Semiconductors NV from a “neutral” rating to a “sell” rating in a research note on Monday, August 18th. They now have a $54.00 price target on the stock, down previously from $58.00. Separately, analysts at Stifel Nicolaus initiated coverage on shares of NXP Semiconductors NV in a research note on Friday, August 15th. They set a “buy” rating and a $78.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.84.

The stock has a 50-day moving average of $64.08 and a 200-day moving average of $61.09. The company has a market cap of $17.421 billion and a price-to-earnings ratio of 32.65. NXP Semiconductors NV also saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 3,302,373 shares, a growth of 39.6% from the July 31st total of 2,365,227 shares. Based on an average trading volume of 2,526,786 shares, the short-interest ratio is presently 1.3 days. Approximately 1.4% of the shares of the stock are short sold.

NXP Semiconductors NV (NASDAQ:NXPI) last announced its earnings results 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.

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

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