NXP Semiconductors NV (NXPI) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on NXP Semiconductors NV. Company shares were Reiterated by Jefferies on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $112 .Company shares were Reiterated by Topeka Capital Markets on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Drexel Hamilton on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 115 from a previous price target of $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 closed down -1.65 points or -1.93% at $83.82 with 33,43,655 shares getting traded on Wednesday. Post opening the session at $84.63, the shares hit an intraday low of $83.72 and an intraday high of $85.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.