Bernstein analyst Stacy Rasgon maintained a Hold rating on NXP Semiconductors (NXPI – Research Report) yesterday and set a price target of $230.00. The company’s shares closed yesterday at $254.30.
According to TipRanks, Rasgon is a 5-star analyst with an average return of 23.3% and a 66.67% success rate. Rasgon covers the Technology sector, focusing on stocks such as Intel, Advanced Micro Devices, and Nvidia.
Currently, the analyst consensus on NXP Semiconductors is a Moderate Buy with an average price target of $248.39.
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Based on NXP Semiconductors’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.43 billion and a net profit of $787 million. In comparison, last year the company earned a revenue of $3.45 billion and had a net profit of $738 million
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NXPI in relation to earlier this year.
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NXP Semiconductors (NXPI) Company Description:
Founded in 2006, Netherlands-based NXP Semiconductors NV provides various semiconductor products including microcontrollers, application processors, communication processors, wireless connectivity solutions, analog and interface devices, Radio Frequency power amplifiers, and security controllers, as well as semiconductor-based environmental and inertial sensors. Its product solutions are used in a range of applications including, automotive, identification, mobile, consumer, computing, wireless infrastructure, lighting and industrial, and software solutions for mobile phones.
Read More on NXPI:
- NXP Semiconductors price target raised to $300 from $270 at BofA
- NXP Semiconductors price target raised to $265 from $264 at Truist
- NXP Semiconductors price target raised to $225 from $200 at Susquehanna
- NXP Semiconductors price target raised to $270 from $250 at TD Cowen
- NXP Semiconductors price target raised to $230 from $211 at UBS
