A Reversal for NXP Semiconductors NV Is Not Near. Professional Options Traders Are Bullish

 A Reversal for NXP Semiconductors NV Is Not Near. Professional Options Traders Are Bullish

In today’s session NXP Semiconductors NV (NXPI) registered an unusually high (9,467) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious NXPI increase. With 9,467 contracts traded and 4264 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: NXPI170120C00120000 closed last at: $1.1 or 57.1% up. About 803,125 shares traded hands. NXP Semiconductors NV (NASDAQ:NXPI) has risen 38.43% since March 1, 2016 and is uptrending. It has outperformed by 29.19% the S&P500.

Analysts await NXP Semiconductors NV (NASDAQ:NXPI) to report earnings on October, 26. They expect $1.37 EPS, down 4.20% or $0.06 from last year’s $1.43 per share. NXPI’s profit will be $477.46M for 18.92 P/E if the $1.37 EPS becomes a reality. After $1.16 actual EPS reported by NXP Semiconductors NV for the previous quarter, Wall Street now forecasts 18.10% EPS growth.

NXP Semiconductors NV (NASDAQ:NXPI) Ratings Coverage

Out of 22 analysts covering NXP Semiconductors NV (NASDAQ:NXPI), 19 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 86% are positive. $140 is the highest target while $90 is the lowest. The $107.53 average target is 3.75% above today’s ($103.64) stock price. NXP Semiconductors NV has been the topic of 27 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, June 27 by Bank of America. The company was initiated on Wednesday, September 9 by Sterne Agee CRT. Morgan Stanley initiated the stock with “Overweight” rating in Monday, October 12 report. The company was initiated on Tuesday, August 2 by Robert W. Baird. The stock of NXP Semiconductors NV (NASDAQ:NXPI) has “Outperform” rating given on Friday, October 30 by BMO Capital Markets. The firm has “Outperform” rating given on Friday, October 30 by Oppenheimer. The stock has “Buy” rating given by Jefferies on Friday, April 29. SunTrust maintained NXP Semiconductors NV (NASDAQ:NXPI) rating on Tuesday, September 1. SunTrust has “Buy” rating and $140 price target. The firm has “Outperform” rating given on Wednesday, November 18 by FBR Capital. The company was initiated on Wednesday, February 3 by Goldman Sachs.

NXP Semiconductors N.V. is a holding company. The company has a market cap of $36.12 billion. The Firm operates as a semiconductor firm and a long-standing supplier. It has a 26.81 P/E ratio. The Firm provides high performance mixed signal and standard product solutions.

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