NXP Semiconductors (NXPI) Receives a New Rating from Susquehanna
In a report released yesterday, Christopher Rolland from Susquehanna initiated coverage with a Hold rating on NXP Semiconductors (NXPI) and a price target of $90. The company’s shares closed yesterday at $82.05.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 7.4% and a 58.4% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Power Integrations, and Texas Instruments.
NXP Semiconductors has an analyst consensus of Moderate Buy, with a price target consensus of $100.57, which is a 22.6% upside from current levels. In a report issued on December 3, Morgan Stanley also maintained a Hold rating on the stock with a $100 price target.
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Based on NXP Semiconductors’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $54 million. In comparison, last year the company earned revenue of $2.39 billion and had a net profit of $108 million.
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NXP Semiconductors NV is a holding company, which engages in the development, manufacture, and provision of mixed-signal semiconductor solutions. It operates through the following segments: High Performance Mixed Signal, Standard Products, and Corporate and Other.