Baird Initiates Coverage on NXP Semiconductors NV to Outperform

Baird Initiates Coverage on NXP Semiconductors NV(NASDAQ:NXPI). The shares have been rated Outperform. The rating by Baird was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, JP Morgan said it Maintains its rating on NXP Semiconductors NV. In the research note, the firm Raises the price-target to $97.00 per share. The shares have been rated ‘Neutral’ by the firm. Summit Redstone Partners said it Initiates Coverage on NXP Semiconductors NV, according to a research note issued on Jul 20, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 27, 2016, Bank of America said it Downgrades its rating on NXP Semiconductors NV. The shares have been rated ‘Neutral’ by the firm. CLSA said it Initiates Coverage on NXP Semiconductors NV, according to a research note issued on May 17, 2016. The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Goldman Sachs said it Upgrades its rating on NXP Semiconductors NV. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Buy’ by the firm.

NXP Semiconductors NV (NXPI) made into the market gainers list on Mondays trading session with the shares advancing 0.21% or 0.18 points. Due to strong positive momentum, the stock ended at $85.92, which is also near the day’s high of $87.09. The stock began the session at $86 and the volume stood at 24,20,119 shares. The 52-week high of the shares is $99.474 and the 52 week low is $61.61. The company has a current market capitalization of $29,145 M and it has 33,92,10,620 shares in outstanding.

NXP Semiconductors NV(NXPI) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.37B. Analysts had an estimated revenue of $2.35B. Earnings per share were $1.39. Analysts had estimated an EPS of $1.35.

NXP Semiconductors N.V. (NXP) is a holding company. The Company is a semiconductor company. The Company provides high performance mixed signal and standard product solutions. Its product solutions are used in a range of automotive identification wireless infrastructure lighting industrial mobile consumer and computing applications. The Company operates in two segments: High Performance Mixed Signal (HPMS) and Standard Products (SP). The Company sells two categories of products High Performance Mixed Signal product solutions and Standard Products. The HPMS segment offers semiconductors and system solutions. The SP segment consists of devices which can be incorporated in many different types of electronics equipment and which are sold to a range of customers both directly and through distributors.

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