Market Overview

Sterne Agee Has Positive Outlook For NXP Semiconductors NV

Share:
Related NXPI
9 And Counting: Qualcomm's NXP Buyout Offer Deadline Extensions Could Continue
20 Apple Suppliers To Watch Following iPhone 8 News

In a report published Wednesday, Sterne Agee analyst Vijay Rakesh reiterated a Buy rating and $74.00 price target on NXP Semiconductors NV (NASDAQ: NXPI).

In the report, Sterne Agee noted, “We believe NXPI should have a solid JunQ and guide SepQ above consensus given: 1) strong automotive trends, 2) stronger industrial-4G trends in U.S. and China, 3) a significant iPhone NFC build and EMV rollouts in U.S. and China and conservative 3Q14 consensus top line ahead of significant product ramps. Combined with strong underlying fundamentals in Auto-industrial and multiple NFC-EMV product cycles, NXPI continues to trade at attractive 20-30% discount valuations. Reiterating our Buy-$74PT.”

NXP Semiconductors NV closed on Tuesday at $65.67.

Latest Ratings for NXPI

DateFirmActionFromTo
Aug 2017Morgan StanleyMaintainsEqual-Weight
Jun 2017Deutsche BankDowngradesBuyHold
May 2017NomuraDowngradesBuyNeutral

View More Analyst Ratings for NXPI
View the Latest Analyst Ratings

Posted-In: Sterne Agee Vijay RakeshAnalyst Color Reiteration Analyst Ratings

 

Related Articles (NXPI)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...