Tag Archives: nxpi

NXP Semiconductors (NXPI) announced Wednesday that it’s rolling out a new “low power, long range” wireless microcontroller designed to double the connectivity range of smart home and lighting products. The Netherlands-based chipmaker has its sights set on expanding its line of products for home automation, one of the leading sectors in the Internet of Things market. Market research firm IDC expects spending in the IoT market to rise 14% this year

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