Stock Watch: NXP Semiconductors NV (NASDAQ:NXPI)

[PR Newswire] Xilinx, Inc. (XLNX) and NXP Semiconductors NV (NASDAQ:NXPI) announced their collaboration to reduce CapEx and OpEx costs of wireless infrastructure radios. The two companies have been working together to enable customers to quickly and easily combine Xilinx’s newest crest factor reduction (CFR) and digital pre-distortion (DPD) SmartCORE™ IP with NXP’s Gen9 LDMOS RF highly efficient power amplifier technology. The combination of NXP’s advanced power amplifier devices and Xilinx All Programmable devices and radio IP enables customers to implement smaller, lighter and higher reliability radios suitable for use in next-generation wireless infrastructure equipment. “Industry collaboration like this is critical in the effort to reduce CapEx and OpEx costs of next generation cellular infrastructure radios,” said Christophe Cugge, director of marketing, base station power amplifiers, NXP Semiconductors. “Our joint efforts have resulted in a solution offering higher unit efficiency with lower cost and higher reliability.”

Taking a look at the company’s recent performance, NXP Semiconductors NV (NASDAQ:NXPI) reported Third quarter earnings for fiscal 2014 on October 22nd.  The company reported actual earnings per share of $1.35 against the consensus Street estimate of $1.31. This represents year over year growth of 37.04%.  NXP Semiconductors NV (NASDAQ:NXPI) posted estimates of $1.50 billion.

There are currently eighteen analysts that we track that cover the stock.  Of those eighteen, fourteen have a Buy rating, one has strong buy, two have a Hold rating and one has a sell rating. On a consensus basis this yields a score of 2.80 and a Buy.  The combined price objective of these covering analysts is $75.00, which represents a 14.45% upside difference to the last closing price.

A recent analyst activity consisted of Deutsche Bank Reiterating their Buy stance on the company.  Deutsche Bank has a price target of $78.00 to $80.00 which represents an upside of 22.08% from the last closing price.  On the date of the report, the stock closed at $70.63.

Another research firm weighing in recently was Raymond James who Boosted their rating on the stock.  On September 10th Raymond James upgraded their price target on the stock from $80.00 to $86.00, or a 31.24% upside to the current price.  On the day of the report, NXPI shares closed at $70.63.

NXP Semiconductors NV (NASDAQ:NXPI) provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company operates through two segments, High Performance Mixed Signal and Standard Products. The High Performance Mixed Signal segment offers in-vehicle networking, car passive keyless entry and immobilization, and car radio and car audio amplifiers; lighting drivers; RF solutions, such as silicon tuners and AC-DC power conversion integrated circuits (ICs); and microcontrollers.

Stock Watch: NXP Semiconductors NV (NASDAQ:NXPI) was last modified: November 20th, 2014 by Seth Talluto

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