NXP Semiconductors NV (NXPI): Choosing The Technical Investor Route

NXP Semiconductors NV (NASDAQ:NXPI) does about 2.28M shares in volume on a normal day but saw 1618367 shares change hands in Tuesday’s trading. The company now has a market cap of 68.44B USD. Its current market price is $267.66, marking an increase of 1.41% compared to the previous close of $263.93. The 52 week high reached by this stock is $266.63 whilst the lowest price level in 52 weeks is $163.26.

NXP Semiconductors NV (NXPI) has a 20-day trading average at $245.95 and the current price is 0.39% off the 52-week high compared with 63.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $244.75 and its 200-day simple moving average is $217.76. If we look at the stock’s price movements over the week, volatility stands at 1.57%, which increases to 2.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 68.60 to suggest the stock is neutral.

The consensus objective for the share price is $275.89, suggesting that the stock has a potential upside of 2.98% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 13, 2024 when Jefferies initiated the stock to “Buy” and issued a price target of between $255 and $325. TD Cowen reiterated its price target at $270-$300.

NXP Semiconductors NV (NXPI) stock is up 3.48% over the week and 16.32% over the past month. Its price is 16.54% year-to-date and 62.66% over the past year.

To reach the target analysts have set, the stock logically needs to grow 2.98 percent from here.

The company has a return on investment of 14.84% and return on equity of 33.63%. The price to earnings ratio (P/E ratio) amounts to 24.71 while the forward price to earnings ratio is 16.70. The beta has a value of 1.51. Price to book ratio is 7.76 and price to sales ratio is 5.15.