Goldman Sachs Boosts Numbers Sharply on NXP Semi (NXPI) Following Q4 Results, Q1 Outlook
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Price: $225.56 +1.16%
Rating Summary:
25 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
25 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs raised its price target on Buy-rated NXP Semiconductors NV (NASDAQ: NXPI) from $19 to $24 following Q4 results, saying NXP should expand margins ahead of peers this cycle.
The firm raised estimates on higher sales and margins: 2012/2013 to $1.70/$2.40 from $1.60/$2.30, and introducing 2014 at $2.70.
"NXP remains one of our top picks in analog, as we believe the company will see greater margin and earnings leverage than peers coming out of the cyclical downturn. NXP is one of only a few companies to guide 1Q12 sales ahead of the Street as a recovery in the identification, automotive, and industrial segments is more than offsetting seasonal weakness in consumer and computing," the analyst comments.
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 $21.99 yesterday.
The firm raised estimates on higher sales and margins: 2012/2013 to $1.70/$2.40 from $1.60/$2.30, and introducing 2014 at $2.70.
"NXP remains one of our top picks in analog, as we believe the company will see greater margin and earnings leverage than peers coming out of the cyclical downturn. NXP is one of only a few companies to guide 1Q12 sales ahead of the Street as a recovery in the identification, automotive, and industrial segments is more than offsetting seasonal weakness in consumer and computing," the analyst comments.
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 $21.99 yesterday.
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