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Goldman Sachs Adds NXP Semiconductors NV (NXPI) to its Conviction Buy List

March 14, 2012 7:33 AM EDT
Get Alerts NXPI Hot Sheet
Price: $236.62 -0.39%

Rating Summary:
    22 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
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Goldman Sachs added NXP Semiconductors NV (NASDAQ: NXPI) to its Conviction Buy list with a $30 price target (up from $24).

The firm said NXP will earn significantly more in this cycle than in the last cycle and the stock can "re-rate to new highs at a time when there is limited upside in the rest of the group."

They see 470 bp of gross margin expansion in 4Q12 vs. 1Q12 and greater earnings leverage than peers given NXP’s continued reduction of its debt load.

Goldman raised 2012/2013/2014 to $1.75/$2.70/$3.00 from $1.70/$2.40/$2.70 on higher confidence in NXP’s earnings growth as the industry recovers.


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 $24.87 yesterday.


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Goldman Sachs Conviction Buy List, Goldman Sachs, Earnings