Worth Watching: NXP Semiconductors NV on Focus After Trading At 52-Week Highs

Worth Watching: NXP Semiconductors NV on Focus After Trading At 52 Week Highs

The stock of NXP Semiconductors NV (NASDAQ:NXPI) hit a new 52-week high and has $173.38 target or 69.00% above today’s $102.59 share price. The 9 months bullish chart indicates low risk for the $41.49B company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $173.38 price target is reached, the company will be worth $28.63 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 5.36M shares traded hands or 53.14% up from the average. NXP Semiconductors NV (NASDAQ:NXPI) has risen 33.07% since February 26, 2016 and is uptrending. It has outperformed by 22.65% the S&P500.

Analysts await NXP Semiconductors NV (NASDAQ:NXPI) to report earnings on October, 26. They expect $1.37 earnings per share, down 4.20% or $0.06 from last year’s $1.43 per share. NXPI’s profit will be $554.10M for 18.69 P/E if the $1.37 EPS becomes a reality. After $1.16 actual earnings per share reported by NXP Semiconductors NV for the previous quarter, Wall Street now forecasts 18.10% EPS growth.

NXP Semiconductors NV (NASDAQ:NXPI) Ratings Coverage

Out of 22 analysts covering NXP Semiconductors NV (NASDAQ:NXPI), 19 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 86% are positive. $140 is the highest target while $90 is the lowest. The $107.53 average target is 4.82% above today’s ($102.59) stock price. NXP Semiconductors NV has been the topic of 27 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Pacific Crest maintained NXP Semiconductors NV (NASDAQ:NXPI) on Friday, April 8 with “Overweight” rating. Nomura initiated NXP Semiconductors NV (NASDAQ:NXPI) rating on Monday, April 11. Nomura has “Buy” rating and $95 price target. The company was maintained on Tuesday, September 1 by SunTrust. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, October 30. On Tuesday, May 17 the stock rating was initiated by CLSA with “Buy”. The firm has “Buy” rating given on Friday, February 5 by Topeka Capital Markets. The firm earned “Buy” rating on Wednesday, July 20 by Summit Redstone Partners. Jefferies maintained it with “Buy” rating and $130 target price in Friday, April 29 report. The rating was downgraded by Raymond James on Tuesday, April 19 to “Outperform”. The firm has “Neutral” rating given on Monday, June 27 by Bank of America.

According to Zacks Investment Research, “NXP Semiconductors N.V. is a global semiconductor company. The Company designs and manufactures High Performance Mixed Signal semiconductor solutions to meet the requirements of systems and sub-systems in its target markets. High Performance Mixed Signal solutions are an optimized mix of analog and digital functionality integrated into a system or sub-system. The Company’s expertise is in RF, analog, power management, interface, security and digital processing products. NXP’s solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company claims to provide its customers improved power efficiency, functional performance, miniaturization, quality, durability and adaptability in their electronic systems and application solutions. NXP is based in Eindhoven, the Netherlands, with research and development activities in Asia, Europe and the United States, and manufacturing facilities in Asia and Europe.”

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