NXP Semi Spikes On ‘Powerhouse’ Coverage

By | March 13, 2015

Scalper1 News

NXP Semiconductors (NXPI) stock hit an all-time high Friday, as Needham initiated coverage on the chip company with a strong buy rating. Needham analyst Rajvindra Gill set a price target of 140. NXP stock rose 6.2% to 104.67 on the stock market today, hitting a fresh high. The stock is now more than 33% extended from a 78.44 buy point touched in early January. “We believe the recent merger announcement with Freescale transforms the company into a Scalper1 News

Scalper1 News