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UPDATE: Jefferies Reiterates Buy Rating, Raises PT on NXP Semiconductors NV

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In a report published Friday, Jefferies reiterated its Buy rating on NXP Semiconductors NV (NASDAQ: NXPI), and raised its price target from $28.00 to $36.00.

Jefferies noted, “NXPI posted DecQ EPS beat of $0.02 and guided for MarQ EPS to be $0.04 above consensus. NXP's HPMS business posted 32% YY growth, well above its peers, and the company is focused on driving operating leverage in 2013. We model 440 bps and 670 bps of gross and operating margin leverage over the next 4 quarters. We also view NXPI as a Moore Stress beneficiary, and reiterate Buy.”

NXP Semiconductors NV closed on Thursday at $30.00.

Latest Ratings for NXPI

DateFirmActionFromTo
Dec 2016CitigroupInitiates Coverage OnNeutral
Nov 2016MizuhoDowngradesBuyNeutral
Nov 2016Pacific CrestDowngradesOverweightSector Weight

View More Analyst Ratings for NXPI
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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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