Is Buying Stock Like NXP Semiconductors NV Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like NXP Semiconductors NV Good Idea After Today's Bullish Options Activity?

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 1.68 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 EPS, down 4.20% or $0.06 from last year’s $1.43 per share. NXPI’s profit will be $477.49 million for 18.93 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 3.64% above today’s ($103.75) stock price. NXP Semiconductors NV has been the topic of 27 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Monday, June 27, the company rating was downgraded by Bank of America. On Friday, April 8 the stock rating was maintained by Pacific Crest with “Overweight”. FBR Capital maintained the stock with “Outperform” rating in Wednesday, November 18 report. The rating was downgraded by Raymond James to “Outperform” on Tuesday, April 19. The stock has “Buy” rating given by Canaccord Genuity on Friday, October 30. Jefferies maintained the stock with “Buy” rating in Friday, April 29 report. The rating was maintained by BMO Capital Markets on Friday, October 30 with “Outperform”. The firm has “Buy” rating given on Monday, April 11 by Nomura. The rating was maintained by SunTrust with “Buy” on Tuesday, September 1. The stock of NXP Semiconductors NV (NASDAQ:NXPI) earned “Buy” rating by Summit Redstone Partners on Wednesday, July 20.

NXP Semiconductors N.V. is a holding company. The company has a market cap of $36.16 billion. The Firm operates as a semiconductor firm and a long-standing supplier. It has a 26.84 P/E ratio. The Firm provides high performance mixed signal and standard product solutions.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment