Traders Buy NXP Semiconductors NV (NXPI) on Weakness
Traders bought shares of NXP Semiconductors NV (NASDAQ:NXPI) on weakness during trading on Tuesday. $58.69 million flowed into the stock on the tick-up and $43.52 million flowed out of the stock on the tick-down, for a money net flow of $15.17 million into the stock. Of all equities tracked, NXP Semiconductors NV had the 29th highest net in-flow for the day. NXP Semiconductors NV traded down ($0.32) for the day and closed at $87.83
NXPI has been the topic of several research reports. Bank of America Corp. downgraded NXP Semiconductors NV from a “buy” rating to a “neutral” rating in a report on Monday, June 27th. TheStreet raised NXP Semiconductors NV from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Summit Redstone reaffirmed a “buy” rating and set a $91.00 price objective on shares of NXP Semiconductors NV in a report on Wednesday, July 20th. Nomura reaffirmed a “buy” rating and set a $100.00 price objective on shares of NXP Semiconductors NV in a report on Wednesday, June 29th. Finally, Robert W. Baird began coverage on shares of NXP Semiconductors NV in a research report on Monday, August 1st. They set an “outperform” rating and a $110.00 target price for the company. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. NXP Semiconductors NV has an average rating of “Buy” and an average price target of $105.36.
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The stock’s 50 day moving average is $86.30 and its 200 day moving average is $83.63. The stock has a market capitalization of $22.11 billion and a price-to-earnings ratio of 28.46.
NXP Semiconductors NV (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. During the same period last year, the firm posted $1.44 earnings per share. The company earned $2.37 billion during the quarter, compared to the consensus estimate of $2.35 billion. The company’s revenue for the quarter was up 57.0% on a year-over-year basis. Analysts predict that NXP Semiconductors NV will post $5.75 earnings per share for the current fiscal year.
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.
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