Fresh highs: NXP Semiconductors, Microchip Technology and Liberty Broadband

Updated on:
Nov 20th, 2020

NXPI hit all-time highs again

On Friday NXP Semiconductors N.V. ($NXPI) stock closed at $150.57 only moving a -0.52%; new all-time highs are set at $153.03.

NXP Semiconductors got 9 new ratings from brokerage companies in late October : Deutsche Bank Aktiengesellschaft estimates a target price of $160.00, with a rating of strong buy, KeyCorp posted a bullish rating, Mizuho raised the price target from $152.00 to $155.00 (2.94% over the closing price) with a strong buy rating, Morgan Stanley rated NXPI with buy, Needham & Company LLC posted a hold rating, Smith Barney Citigroup rated NXPI with hold and Stifel Nicolaus rated NXPI with neutral. Please note: these are not recommendations to buy or sell this stock. Check with your personal financial advisor.

NXP Semiconductors stock started an uptrend last March, and gained an amazing 159.51%. The price shows higher peaks and higher lows, and along the way gave some entry points for those who wanted to trade in. Latest low was in late October, when price bounced at $126.80. NXP Semiconductors broke out above $145.15 (its last top) on November 13. That breakout was a good buying opportunity

NXPI made a 11.1% over the past 30 days, beating the average performance of its competitors. In contrast, in the same period, Taiwan Semiconductor (TSM) made a 9.2%, NVIDIA (NVDA) made a -2.7%, Intel (INTC) performed a -5.4%, Qualcomm (QCOM) performed a 13.6%, Broadcom (AVGO) performed a 2.7% and Texas Instruments (TXN) made a 7.9%. NVIDIA posted earnings report in the recent days.

NXP Semiconductors N. V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors including i. MX application processors and i.. The stock is part of the Semiconductors industry in the Technology sector. Headquarters are based in Eindhoven, Netherlands, and employs 29,400 people worldwide. Its corporate website is http://www.nxp.com.

MCHP made new all-time highs again

On Friday Microchip Technology Incorporated ($MCHP) shares closed at $130.98 skyrocketing a 2.72%; new all-time highs are set at $135.29.

On November 6, 9 analyst companies released ratings on Microchip Technology : Cowen estimates a target price of $125.00, with a hold rating, KeyCorp posted a bullish rating, Mizuho rated MCHP with strong positive, Morgan Stanley estimates a target price of $140.00, with a bullish rating, Raymond James estimates a target price of $140.00, with a rating of hold, Rosenblatt Securities raised the price target to $150.00 (14.52% over the closing price) with a strong bullish rating and Smith Barney Citigroup rated MCHP with hold. Be aware: these are not recommendations to buy or sell this stock. Check with your personal financial advisor.

Microchip Technology shares started an uptrend last September, and gained a gorgeous 37.51%. Rising tops and bottoms can be seen easily on a chart and how price action offered very few entry points on the breakouts. Latest low was in late October, when price bounced at $102.05. On November 5, Microchip Technology broke out above its last top ($116.22) offering a good buying opportunity that resulted in a 12.7% profit

MCHP beat its peers for the last month, marking a 15.9%. Having a look at its direct competitors, Taiwan Semiconductor (TSM) made a 9.2%, NVIDIA (NVDA) marked a -2.7%, Intel (INTC) performed a -5.4%, Qualcomm (QCOM) made a 13.6%, Broadcom (AVGO) made a 2.7% and Texas Instruments (TXN) performed a 7.9%. NVIDIA presented earnings report in the last few days.

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive, industrial, computing, communication, lighting, power supplies, motor control, human machine interface, security, and wired and wireless connectivity applications.. The stock is part of the Semiconductors industry in the Technology sector. Headquarters are based in Chandler, United States, and employs 18,000 people worldwide. Find further details about the company at its corporate website at http://www.microchip.com.

LBRDK at fresh highs again: 3 times in the last 10 days

On Friday's fresh highs follow after topping other 2 highs lately. Liberty Broadband Corporation ($LBRDK) stock moved up on Friday a 1.31% closing at $159.97 and setting the new all-time highs at $160.54.

On November 9, TD Securities raised the price target from $165.00 to $180.00 with a hold rating. The success rate of analysts' assessments is not specially high and therefore should not be taken as a formal buy or sell recommendation.

LBRDK made a 12.7% over the past 30 days, outperforming the average growth of its competitors. In contrast, in the same period, Disney (DIS) performed a 10.1%, Netflix (NFLX) performed a 0%, Comcast (CMCSA) made a 8.3%, Charter (CHTR) performed a 8.7%, Roku (ROKU) made a 17.8% and Liberty Broadband (LBRDA) performed a 11.8%. Comcast, Charter, Roku and Liberty Broadband are trading very close to all-time highs.

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.. The stock is part of the Entertainment industry in the Communication Services sector. The company's Headquarters are in Englewood, United States, and has 0 employees worldwide. Its corporate website is http://www.libertybroadband.com.

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