TipRanksStock Market NewsNXPI NewsMizuho Securities Maintains a Hold Rating on NXP Semiconductors (NXPI)

Mizuho Securities Maintains a Hold Rating on NXP Semiconductors (NXPI)

In a report released today, Vijay Rakesh from Mizuho Securities maintained a Hold rating on NXP Semiconductors (NXPIResearch Report), with a price target of $200.00. The company’s shares closed last Monday at $177.00, close to its 52-week low of $164.75.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 22.8% and a 59.5% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NXP Semiconductors with a $209.33 average price target, implying a 21.5% upside from current levels. In a report issued on April 19, Citigroup also downgraded the stock to Hold with a $190.00 price target.

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The company has a one-year high of $239.91 and a one-year low of $164.75. Currently, NXP Semiconductors has an average volume of 2.7M.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NXPI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2006, Netherlands-based NXP Semiconductors NV provides various semiconductor products including microcontrollers, application processors, communication processors, wireless connectivity solutions, analog and interface devices, Radio Frequency power amplifiers, and security controllers, as well as semiconductor-based environmental and inertial sensors. Its product solutions are used in a range of applications including, automotive, identification, mobile, consumer, computing, wireless infrastructure, lighting and industrial, and software solutions for mobile phones.

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