NXP Semiconductors NV (NXPI) is Downgraded by Raymond James to Outperform

NXP Semiconductors NV (NXPI) was Downgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Strong Buy ” on the company shares. Raymond James advised their investors in a research report released on Apr 19, 2016.

Many Wall Street Analysts have commented on NXP Semiconductors NV. NXP Semiconductors NV was Initiated by Nomura to “Buy” on Apr 11, 2016. Drexel Hamilton Initiated NXP Semiconductors NV on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $102.Shares were Reiterated by Barclays on Feb 18, 2016 to “Overweight” and Lowered the Price Target to $ 95 from a previous price target of $100 .

On the company’s financial health, NXP Semiconductors NV reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $1.02. The company had revenue of $1577.00 million for the quarter, compared to analysts expectations of $1541.18 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS.

NXP Semiconductors NV closed down -0.25 points or -0.30% at $84.13 with 30,26,102 shares getting traded on Monday. Post opening the session at $84.02, the shares hit an intraday low of $83.62 and an intraday high of $84.675 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

NXP Semiconductors N.V. (NXP) is a holding company. The Company is a semiconductor company. The Company provides high performance mixed signal and standard product solutions. Its product solutions are used in a range of automotive identification wireless infrastructure lighting industrial mobile consumer and computing applications. The Company operates in two segments: High Performance Mixed Signal (HPMS) and Standard Products (SP). The Company sells two categories of products High Performance Mixed Signal product solutions and Standard Products. The HPMS segment offers semiconductors and system solutions. The SP segment consists of devices which can be incorporated in many different types of electronics equipment and which are sold to a range of customers both directly and through distributors.

NXP Semiconductors NV

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