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NXP Semiconductors (NXPI) Looks Good: Stock Adds 6% in Session

NXP Semiconductors N.V.NXPI was a big mover last session, as the company saw its shares rise 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $114.88 to $121.30 in the past one-month time frame.

The move came after the company received a large buyout bid from Qualcomm.

The company has seen four positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for NXP Semiconductors. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

NXP Semiconductors currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

NXP Semiconductors N.V. Price

NXP Semiconductors N.V. Price | NXP Semiconductors N.V. Quote

A better-ranked stock in the Semiconductor - Analog and Mixed industry is ON Semiconductor Corporation ON , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Is NXPI going up? Or down? Predict to see what others think: Up or Down

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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