Nomura Initiates Coverage on NXP Semiconductors NV to Buy

Nomura Initiates Coverage on NXP Semiconductors NV(NASDAQ:NXPI). The shares have been rated Buy. The rating by Nomura was issued on Apr 11, 2016.

In a different note, Drexel Hamilton said it Initiates Coverage on NXP Semiconductors NV, according to a research note issued on Mar 1, 2016. The shares have been rated ‘Buy’ by the firm. On Feb 18, 2016, Barclays said it Maintains its rating on NXP Semiconductors NV. In the research note, the firm Lowers the price-target to $100.00 per share. The shares have been rated ‘Overweight’ by the firm. Goldman Sachs said it Initiates Coverage on NXP Semiconductors NV, according to a research note issued on Feb 3, 2016. The shares have been rated ‘Neutral’ by the firm.

NXP Semiconductors NV (NXPI) shares turned negative on Fridays trading session with the shares closing down -1.11 points or -1.30% at a volume of 53,42,974. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $84.945. The peak price level was also seen at $84.945 while the days lowest was $84. Finally the shares closed at $84.38. The 52-week high of the shares is $114 while the 52-week low is $61.61. According to the latest information available, the market cap of the company is $28,858 M.

NXP Semiconductors NV(NXPI) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.61B. Analysts had an estimated revenue of $1.31B. Earnings per share were $1.25. Analysts had estimated an EPS of $1.07.

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.

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