Market Overview

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

Share:
Related NXPI
Jim Cramer Shares His Thoughts On Waste Management, Deere And NXP Semiconductors
Fast Money Traders Share Their Picks Ahead Of The Election
The Evolution Of NXP Semiconductors And The Future Of The Semiconductor Industry - Part 2 (Seeking Alpha)

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
Nov 2016MizuhoDowngradesBuyNeutral
Nov 2016Pacific CrestDowngradesOverweightSector Weight
Oct 2016OppenheimerDowngradesOutperformPerform

View More Analyst Ratings for NXPI
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (NXPI)

View Comments and Join the Discussion!