Some Traders See Unusual Bullish Options Activity in NXP Semiconductors NV

 Some Traders See Unusual Bullish Options Activity 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 3.93M 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 18.96 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 3.49% above today’s ($103.9) stock price. NXP Semiconductors NV has been the topic of 27 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Pacific Crest on Friday, April 8. The rating was initiated by CLSA on Tuesday, May 17 with “Buy”. The company was downgraded on Monday, June 27 by Bank of America. 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 firm earned “Buy” rating on Wednesday, September 9 by Sterne Agee CRT. The rating was initiated by Goldman Sachs on Wednesday, February 3 with “Neutral”. Jefferies maintained NXP Semiconductors NV (NASDAQ:NXPI) rating on Friday, April 29. Jefferies has “Buy” rating and $130 price target. SunTrust maintained the shares of NXPI in a report on Tuesday, September 1 with “Buy” rating. The stock has “Outperform” rating given by Raymond James on Tuesday, April 19. Nomura initiated the shares of NXPI in a report on Monday, April 11 with “Buy” rating.

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 26.88 P/E ratio. The Firm provides high performance mixed signal and standard product solutions.

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