NXPI stock: buy or sell?
Nov 24th, 2020
NXPI stock brief
- NXP Semiconductors climbed a 1.64% after making new all-time highs on Tuesday
- The price is currently over the upper Bollinger band, which is usually an indicator of a near-term correction
- NXP Semiconductors N. V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors including i. MX application processors and i.
Should I buy NXP Semiconductors stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $NXPI stock a buy?
In the current situation of NXP Semiconductors there is not any eligible buy setup. This doesn't mean $NXPI will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell NXP Semiconductors stock?
When you own stock shares with some profit, it's really hard to decide the good moment to sell and get your benefits. Like when we have to buy shares, determining when is appropiate time to sell is not a whimsy decision, and we must follow our own trading style. Our trading system selects very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for shorting $NXPI stock
A guiding principle is that you should not keep a trading operation that results in greater losses than those expected upon purchase. When to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell NXP Semiconductors stock?
In the current situation of NXP Semiconductors there is not any eligible sell setup, so NXP Semiconductors stock holders with operations in green can keep their positions
NXP Semiconductors ratings
In the last 30 days, 9 analyst ratings were published for NXP Semiconductors. General sentiment is bullish, with 5 out of 9 posting optimistic outlooks
|Oct 28th, 2020|
|Credit Suisse Group||Neutral → Buy|
|Deutsche Bank Aktiengesellschaft|| |
|KeyCorp||Buy → Buy|
|Needham & Company LLC||Neutral|
|Smith Barney Citigroup||Neutral|
NXP Semiconductors stock analysis
Since last March, NXP Semiconductors has been printing an uptrend that so far marked a gorgeous 173.13%. The chart shows higher highs and higher troughs, and along the way provided some buying opportunities for those who wanted to trade in. Latest pullback was in late October, when price bounced at $126.80. On November 13, NXP Semiconductors broke out above its last top ($145.15) giving a good buying opportunity
$NXPI at new Highs
On Tuesday, NXP Semiconductors reached all-time highs (ATH) again at $158.62
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
Price levels both above or below the Bollinger Bands indicate that the price has has trended strongly to extreme highs or lows. For this case, the price is over the upper band, meaning a possible short-term correction (at least) until it is below the band
Relative strength index
Relative Strength Indicator (RSI) broke through the overbought line Tuesday, marking a reading of 72.4. Breaking out above the overbought zone is not a sell signal, as stocks can be in the overvalued zone for many, many weeks and may continue to rise
NXP Semiconductors stock price history
NXP Semiconductors IPO was on Aug 6th, 2010 priced at $12.64 per share1. Since then, NXPI stock surged by 1,153.72%, with an average of 115.37% per year. If you had invested thousand dollars in NXP Semiconductors stock on Aug 2010, it would have a value of $12,537.18 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for NXP Semiconductors stock
Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial information by the company, and many times. If you are a small trader you don't have to buy or sell based on these price targets.
The average price target for NXP Semiconductors stock calculated from the table below is $160.50. NXP Semiconductors closed at $158.47 on Tuesday, that is a 1.26% lower than the target price.
|Brokerage firm||Price target|
|Oct 28th, 2020|
|Credit Suisse Group||$150.00 → $175.00|
|Deutsche Bank Aktiengesellschaft||$150.00 → $160.00|
|KeyCorp||$150.00 → $160.00|
|Mizuho||$152.00 → $155.00|
|Morgan Stanley||$159.00 → $162.00|
|Needham & Company LLC||$170.00 → $200.00|
|Smith Barney Citigroup||$135.00 → $140.00|
|Stifel Nicolaus||$130.00 → $132.00|
Earnings and financials
In late October, NXP Semiconductors N.V. ($NXPI) posted adjusted EPS for FQ3 that slightly beat analysts' expectations. Quarterly EPS was $1.62 per share from an estimated $1.53. This Q3 report represents an earnings surprise of 5.88%. On the contrary, reported sales were $2.3 billion, in line with the market forecasts.By comparison, the EPS for the same quarter last year was $2.02, so posted EPS is a drop of -19.80%. Looking at revenues, figures barely changed compared to $22.7B year over year.
NXPI ($NXPI) releases quarterly financial report next February. Forecasted earnings a share for this quarter is $2.09, compared to $1.62 that was reported for Q3.
NXP Semiconductors competitors
NXP Semiconductors is classified inside the Semiconductors industry, where it has 47 industry peers.
NXP Semiconductors biggest competitors are:
|Company||Market cap||Rating||Bullish ratings1|
|NXP Semiconductors ($NXPI)||$41.4B||Buy||5|
|Taiwan Semiconductor ($TSM)||$419.8B||Neutral||0|
|Texas Instruments ($TXN)||$144.8B||Neutral||0|
1 In the last 30 days.
NXP Semiconductors performance
To better understand NXP Semiconductors performance you must compare its gains with other related stocks in same sector or industry.. For NXP Semiconductors, the benchmark is made against Taiwan Semiconductor, NVIDIA, Intel, Qualcomm, Broadcom and Texas Instruments.
|NXP Semiconductors ($NXPI)||16.20%||24.00%||60.80%|
|Taiwan Semiconductor ($TSM)||12.50%||21.40%||93.10%|
|Texas Instruments ($TXN)||7.00%||12.20%||35.60%|
Disclaimer:The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the particular situations of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for general educational reasons only
|Tuesday, November 24th, 2020|
|Day range||$154.85 - $158.62|
|Average true range||$5.46|
|50d mov avg||$135.93|
|100d mov avg||$128.82|
|200d mov avg||$115.10|
|Earnings date||February 1st, 2021|