Susquehanna Reaffirms “Buy” Rating for NXP Semiconductors NV (NXPI)
Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.20% during mid-day trading on Thursday, hitting $69.39. The stock had a trading volume of 1,929,417 shares. NXP Semiconductors NV has a 52-week low of $35.09 and a 52-week high of $70.38. The stock has a 50-day moving average of $64.28 and a 200-day moving average of $61.54. The company has a market cap of $17.469 billion and a price-to-earnings ratio of 33.76. NXP Semiconductors NV also was the target of a large increase in short interest in the month of 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. Approximately 1.4% of the company’s shares are short sold. Based on an average trading volume of 2,526,786 shares, the short-interest ratio is presently 1.3 days.
NXP Semiconductors NV (NASDAQ:NXPI) last announced its earnings results 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. Analysts expect that NXP Semiconductors NV will post $4.65 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on NXPI. 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 analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $71.00.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a holding company.
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