NXP Semiconductors NV (NXPI) was Reiterated by Drexel Hamilton to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 115 from a previous price target of $102 . Drexel Hamilton advised their investors in a research report released on Apr 26, 2016.
Many Wall Street Analysts have commented on NXP Semiconductors NV. NXP Semiconductors NV was Downgraded by Raymond James to ” Outperform” on Apr 19, 2016. 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.
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 opened for trading at $83.75 and hit $85.4 on the upside on Friday, eventually ending the session at $84.39, with a gain of 0.30% or 0.25 points. The heightened volatility saw the trading volume jump to 33,85,742 shares. Company has a market cap of $28,862 M.
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.