NXP Semiconductors (NXPI) Receives a Rating Update from a Top Analyst


In a report released yesterday, John Pitzer from Credit Suisse maintained a Buy rating on NXP Semiconductors (NXPI), with a price target of $150.00. The company’s shares closed last Wednesday at $90.32.

According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 20.0% and a 68.2% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Brooks Automation, and Texas Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NXP Semiconductors with a $118.47 average price target, implying a 37.8% upside from current levels. In a report issued on March 31, KeyBanc also maintained a Buy rating on the stock with a $115.00 price target.

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Based on NXP Semiconductors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.3 billion and net profit of $114 million. In comparison, last year the company earned revenue of $2.4 billion and had a net profit of $276 million.

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. It focuses on high performance mixed signal (HMPS), which delivers high performance mixed signal solutions to its customers to satisfy their system and sub-systems needs across the application areas such as automotive, identification, mobile, consumer, computing, wireless infrastructure, lighting and industrial, and software solutions for mobile phones. Its products include Arm Processors, Arm MCUs, and Power Architecture. The company was founded on August 2, 2006 and is headquartered in Eindhoven, the Netherlands.

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