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Sterne Agee (NXPI) Reaffirms NXP Semiconductors Stock Rating

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Published on : Oct 24, 2013

In a research note issued to various investors on Wednesday, Analysts RN reports state that NXP Semiconductors (NASDAQ:NXPI)‘s stock reaffirmed its buy rating by equities research analysts at the Sterne Agee. The total market cap of the company is $8.973 billion with a price-to-earnings ratio of 98.65. Moreover, their current target on the stock is priced at $45.00. However, Sterne Agee’s overall target price proposes an upside of 24.90% from prior stock’s close value.

NXP Semiconductors stocks have a 52-week high of $38.08 and a 52-week low of $20.57. The 200-day moving average stock value is $31.6 while the 50-day moving average value is $36.1.

In the later part during the mid-day trading on Wednesday, the shares of NXP Semiconductors (NASDAQ:NXPI) transacted down to 3.38%, hitting $36.03. The stock experienced a trading volume of 7,030,456 shares in the market.

While a couple of firms commented on NXPI, a research note to investors on Wednesday stated that Analysts at Raymond James increased their price target outperforming the rating on the NXP Semiconductor shares from $39.00 to $43.00. Similarly, on Thursday, October 10th, research analysts at Susquehanna increased their price target on NXP Semiconductors shares from $40.00 to $45.00 and, lastly the analysts at Zacks improved their shares of NXP Semiconductors from being neutral to the best rating on Monday, October 7th. Zacks now have a price target of $41.70 worth on the stock.

Eleven analysts have subjected a buy rating and one has priced the stock with a hold rating. Presently, the company’s average price target of $41.35 has an average rating of buy option.

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