Aggressive’ Bullish Options Activity Seen in NXP Semiconductors NV


 Aggressive' Bullish Options Activity Seen in NXP Semiconductors NV

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 3.46 million 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 earnings per share, down 4.20% or $0.06 from last year’s $1.43 per share. NXPI’s profit will be $477.55M for 18.96 P/E if the $1.37 EPS becomes a reality. After $1.16 actual earnings per share 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 3.51% above today’s ($103.88) stock price. NXP Semiconductors NV has been the topic of 27 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of NXP Semiconductors NV (NASDAQ:NXPI) has “Buy” rating given on Friday, October 30 by Canaccord Genuity. CLSA initiated the stock with “Buy” rating in Tuesday, May 17 report. The rating was initiated by Robert W. Baird with “Outperform” on Tuesday, August 2. Nomura initiated the shares of NXPI in a report on Monday, April 11 with “Buy” rating. Summit Redstone Partners initiated NXP Semiconductors NV (NASDAQ:NXPI) rating on Wednesday, July 20. Summit Redstone Partners has “Buy” rating and $91 price target. The rating was maintained by SunTrust with “Buy” on Tuesday, September 1. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 30. Topeka Capital Markets maintained the shares of NXPI in a report on Friday, February 5 with “Buy” rating. Pacific Crest maintained the stock with “Overweight” rating in Friday, April 8 report. As per Monday, June 27, the company rating was downgraded by Bank of America.

NXP Semiconductors N.V. is a holding company. The company has a market cap of $36.21 billion. The Firm operates as a semiconductor firm and a long-standing supplier. It has a 26.87 P/E ratio. The Firm provides high performance mixed signal and standard product solutions.

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