Jefferies Lifts Numbers on NXP Semiconductors (NXPI) After Solid Q1, Guidance

Article Stock Quotes (1) Comments (0)

Jefferies boosted its price target on NXP Semiconductors NV (NASDAQ: NXPI) from $27 to $30 following better-than-expected Q1 results and Q2 outlook.

The firm comments, "We model NXP's 2012 gross margins to increase by 600 bps by EY12, and note that its HPMS business (80% of revs) grew faster than peers. We think the company's product cycles in ID, Auto, and Wireless position it for continued solid growth."

Q2 EPS goes from $0.30 to $0.40, FY12 goes from $1.52 to $1.64 and FY13 from $2.79 to $2.69.

For an analyst ratings summary and ratings history on NXP Semiconductors NV click here. For more ratings news on NXP Semiconductors NV click here.

Shares of NXP Semiconductors NV closed at $25.02 yesterday, with a 52 week range of $13.06-$35.32.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
• Imperial Capital Boosts Price Target on Dick's (DKS); 'Best-of-Breed'
• Janney Capital Boosts PT on Gap (GPS) Post Q1

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?