NXP Semiconductors NV Is a Buy; Strong Momentum from Option Traders


 NXP Semiconductors NV Is a Buy; Strong Momentum from Option Traders

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 3.00 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 $477.54 million 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 3.71% above today’s ($103.68) 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. Canaccord Genuity maintained NXP Semiconductors NV (NASDAQ:NXPI) on Friday, October 30 with “Buy” rating. Topeka Capital Markets maintained NXP Semiconductors NV (NASDAQ:NXPI) rating on Friday, February 5. Topeka Capital Markets has “Buy” rating and $90 price target. The stock of NXP Semiconductors NV (NASDAQ:NXPI) earned “Buy” rating by CLSA on Tuesday, May 17. The rating was initiated by Nomura on Monday, April 11 with “Buy”. The stock of NXP Semiconductors NV (NASDAQ:NXPI) earned “Outperform” rating by Robert W. Baird on Tuesday, August 2. The rating was initiated by Sterne Agee CRT with “Buy” on Wednesday, September 9. The stock has “Buy” rating given by Summit Redstone Partners on Wednesday, July 20. As per Friday, April 29, the company rating was maintained by Jefferies. The company was maintained on Friday, October 30 by BMO Capital Markets.

NXP Semiconductors N.V. is a holding company. The company has a market cap of $36.14 billion. The Firm operates as a semiconductor firm and a long-standing supplier. It has a 26.82 P/E ratio. The Firm provides high performance mixed signal and standard product solutions.

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