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Shares of NXP Semiconductors NV (NASDAQ:NXPI) have received an average recommendation of “Buy” from the twenty-one analysts that are presently covering the stock, American Banking and Market News reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, fifteen have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $70.84.

NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.14% during mid-day trading on Thursday, hitting $69.35. 453,516 shares of the company’s stock traded hands. NXP Semiconductors NV has a 1-year low of $35.09 and a 1-year high of $70.38. The stock’s 50-day moving average is $64.28 and its 200-day moving average is $61.54. The company has a market cap of $17.459 billion and a P/E ratio of 33.76. NXP Semiconductors NV also was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 3,302,373 shares, an increase of 39.6% from the July 31st total of 2,365,227 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,526,786 shares, the days-to-cover ratio is currently 1.3 days.

NXP Semiconductors NV (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters 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.

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.

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

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