What’s in NXP Semiconductors NV After Today’s Bullish Options Activity?

 What's in NXP Semiconductors NV 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 4.27M 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 $477.49M for 18.93 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 3.64% 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. The rating was maintained by SunTrust on Tuesday, September 1 with “Buy”. The rating was initiated by Goldman Sachs on Wednesday, February 3 with “Neutral”. The rating was maintained by Canaccord Genuity with “Buy” on Friday, October 30. The company was maintained on Friday, April 29 by Jefferies. The rating was initiated by Summit Redstone Partners with “Buy” on Wednesday, July 20. The firm earned “Buy” rating on Friday, February 5 by Topeka Capital Markets. The firm has “Overweight” rating by Morgan Stanley given on Monday, October 12. The firm earned “Outperform” rating on Tuesday, August 2 by Robert W. Baird. The stock of NXP Semiconductors NV (NASDAQ:NXPI) earned “Outperform” rating by BMO Capital Markets on Friday, October 30. Oppenheimer maintained NXP Semiconductors NV (NASDAQ:NXPI) on Friday, October 30 with “Outperform” rating.

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.

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