NXP Semiconductors (NXPI) Gets a Buy Rating from Barclays

By Carrie Williams

Barclays analyst Blayne Curtis maintained a Buy rating on NXP Semiconductors (NXPIResearch Report) yesterday and set a price target of $115.00. The company’s shares closed last Tuesday at $84.28.

According to TipRanks.com, Curtis is a 5-star analyst with an average return of 11.4% and a 61.0% success rate. Curtis covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings, Smart Global Holdings, and Silicon Laboratories.

NXP Semiconductors has an analyst consensus of Strong Buy, with a price target consensus of $120.25, implying a 30.9% upside from current levels. In a report issued on March 31, KeyBanc also maintained a Buy rating on the stock with a $115.00 price target.

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Based on NXP Semiconductors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.3 billion and net profit of $114 million. In comparison, last year the company earned revenue of $2.4 billion and had a net profit of $276 million.

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. It focuses on high performance mixed signal (HMPS), which delivers high performance mixed signal solutions to its customers to satisfy their system and sub-systems needs across the application areas such as automotive, identification, mobile, consumer, computing, wireless infrastructure, lighting and industrial, and software solutions for mobile phones. Its products include Arm Processors, Arm MCUs, and Power Architecture. The company was founded on August 2, 2006 and is headquartered in Eindhoven, the Netherlands.