Needham Initiates NXP Semiconductors With Strong Buy

Analysts at Needham initiated coverage on

with a Strong Buy rating. The target price for NXP Semiconductors is set to $140. NXP Semiconductors shares have gained 71.09% over the past 52 weeks, while the S&P 500 index has surged 12.21% in the same period. NXP Semiconductors shares rose 1.74% to $100.30 in pre-market trading.