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New Buy Rating for NXP Semiconductors (NXPI), the Technology Giant

Tipranks - Tipranks - Fri Apr 24, 11:22PM CDT

Oppenheimer analyst Rick Schafer maintained a Buy rating on NXP Semiconductors yesterday and set a price target of $250.00.

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Schafer covers the Technology sector, focusing on stocks such as Marvell, Nvidia, and Texas Instruments. According to TipRanks, Schafer has an average return of 30.5% and a 74.60% success rate on recommended stocks.

NXP Semiconductors has an analyst consensus of Moderate Buy, with a price target consensus of $245.72.

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Based on NXP Semiconductors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.33 billion and a net profit of $455 million. In comparison, last year the company earned a revenue of $3.11 billion and had a net profit of $495 million

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